There are many different things to enjoy about playing online bingo. There is the gameplay itself and all of the excitement that it brings.
Then there is the community aspect to it whereby you are able to meet new people and interact with like-minded individuals. Another aspect of the online bingo experience is the money that you can win.
Payouts will vary depending on what type of game you are playing. Some variants will have multiple prizes on offer for each game, while others only have a prize for the person who gets a full house first. Jackpot elements to bingo games have also become increasingly popular in more recent years.
The size of the payouts is going to depend on numerous factors, including the ticket price, the number of tickets sold for a given game, and a number of other factors.
If you are playing online bingo, you might not be fully aware of the different aspects associated with online bingo payouts. The goal of this article is to shed a bit of light on the matter.
What Is the Payout Rate of a Bingo Game?
In order to be able to objectively compare your chances of winning different games, a common metric is needed. In the online bingo world, the Return to Player (RTP) rating is used for this reason.
It represents how much you can expect to win on average over time when playing a given game. If a game has a 90% RTP, that means that you should expect that over the long-term that you will get a £90 return for every £100 worth of bingo tickets that you buy.
The RTP of online bingo games will depend on the variant you are playing, as well as the developer of the game, and the operator of the site. As a whole, you will see that the RTPs for most bingo games will be lower than those that you would come across with slots games.
The payout structure of a given game can also vary depending on how many tickets were sold. However, the RTP for a 90-Ball game will generally be around the 80% mark. For 75-Ball games, the RTP can often lie anywhere between 70% and 85%.
What Factors Impact How Much You Can Win?
The payouts that you are going to earn from online bingo are going to vary depending on a few different factors. For some games, there will be minimum guaranteed prizes.
This means that no matter how few tickets have been bought for that game, there are still going to be prizes of a certain minimum size.
Usually, the payouts will increase with the increasing number of tickets that are bought for a game. The pot is growing with each additional ticket that has been bought.
For some games, there will be smaller prizes for matching a line or two during the course of the game. Almost always, the biggest prize in the base game will be triggered by the first person who gets a full house.
If multiple people get a full house in the same round, this prize will usually be split equally between the winners. To win a jackpot, you will usually need to get a full house within a certain amount of calls.
Some of the jackpots will be fixed to certain amounts each time, while others will be progressive jackpots. If a game has a progressive jackpot, this means that a portion of the ticket price will go towards constantly building the pot. The pot will keep building until someone has won it.
There will sometimes be community jackpots. This means that if you are playing a game and someone in it hits the jackpot, then the prize will be shared equally between everyone who has bought a ticket for that game.
Conclusion
Online bingo is a very fun way to relax and entertain yourself. There are always different types of games that will keep you interested.
The payouts can also be very attractive. Jackpots in particular can add an extra layer of excitement as you are putting yourself in with a chance of hitting it big with each and every game.
While the payout rates of a game are not going the be-all and end-all for a lot of players, they are certainly something worth knowing about.
