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BINGO: Classic of the Gambling Industry

Gambling is a big entertainment industry, and it contains a wide range of games. In each industry, there is always a classic thing. In our case, there is a game that has been called a classic. This is an extremely popular game which is known by billions of people all over the world. One of such games is BINGO, which became the standard and full synonym of joy, success, and victory.

Unlike other gambling entertainment, bingo is not only a game of chance. It is often played not for money, but simply for the sake of a pleasant pastime with friends and family. Bingo is able to unite generations because both children and adults love it equally.

The goal of bingo is to cross out all the fields on the number card. These numbers are randomly chosen by the host. The participant who completes the task first wins. And to notify others about this, he needs to loudly exclaim: “Bingo!”.

BINGO rules

You can find Bingo in online casino top and special bingo parlors, where dozens of people can take part in the games at the same time. At online casinos, the process is similar. Before the start of the game, everyone buys cards with numbers. If you want to increase the chances of winning, buy several cards. It boosts your chances to become the winner.

In addition to players and cards, you need a leader and a lottery drum with balls. However, you can use other methods of choosing numbers. During the game, the leader pulls out one ball and announces the number indicated on it to the participants. Then they look for this value in their cards, and if they find it, they mark or cross it out.

The game continues until one of the participants completes the task, in other words, crosses out all the numbers on the card or forms a certain pattern or figure from the marked numbers. In this case, the participant must shout “Bingo!” – the game stops only after that.

The card must be checked so that the player does not win by cheating. If everything is correct, the participant receives the prize.

BINGO history

Many believe that the prototype of modern bingo existed as early as the 16th century. The first mention of the Italian game Lo Giuoco del Lotto D’Italia appeared in 1530. Then, by drawing out balls with numbers, members of the Grand Council of Genoa were selected.

After the game became popular in Italy, its variations spread to other European countries. In France, a game called Le Lotto became the entertainment of wealthy people. While in Germany, people used BINGO for educational purposes.

How it started?

Modern Bingo was founded in the USA. During the Great Depression, American Edwin Lowe failed in business. Later, the toy tycoon went bankrupt. He found the solution to this problem by accident while visiting the fair.

The man saw a group of people who were enthusiastically playing a game unknown to him. They had number cards, and the players put beans on the fields to indicate the numbers that matched. As they won, the winners shouted “Bean go!” (“Bob is coming!”).

Edwin Lowe liked this idea. He changed the rules of the game a little and called it “Bingo” – perhaps he just did not hear what the players were shouting at the fair, and perhaps on purpose to separate his game from theirs.

The man started selling bingo sets, and soon he organized a game in New York. He even hired Columbia University professor Karl Leffler to design 6,000 new cards with different combinations of numbers.

Since then, bingo has begun to gain popularity in the United States and many other countries. Over time, various types of the game appeared. People began to play it in large and small casinos and open separate salons that specialize only in Bingo. Entertainment remains relevant today, and the development of technology has helped it occupy its niche in the online gambling sector.

Varieties of the game

Bingo varieties differ in the total number of balls with numbers and fields on the playing cards. These parameters affect the length of the batch and the variability of combinations. In addition, different types of bingo can determine the winners in different ways.

75 ball bingo or American bingo is considered the classic version of the game. From the name, it is clear that in this version there are 75 balls with numbers. Each card in this bingo has 25 fields arranged 5×5, but one of them is empty. Only 24 numbers are indicated on it, and the central one is considered to be filled in automatically.

Most often, to win in American bingo, you need to make a drawing from the marked fields. It can be a line, a shape, or something else defined by conditions.

90 ball bingo or British bingo is more common in Europe. The cards in this variant have 27 fields arranged 3×9, but only 15 of them are filled with numbers.

British bingo is usually played in 3 rounds with intermediate winners. The first is the one who has completely collected any line of numbers. The second is the one who collected 2 lines, and the main one is the one who filled in the entire card.

Top Bingo online casinos

1. PlayAmo

PlayAmo

300 €/$ 150 free spin

Welcome Bonus

The casino was founded in 2016 and attracts players with different types of bingo games. At PlayAmo, people can expect several generous welcome bonuses and loyalty prizes. The site provides an excellent VIP program with multiple levels of privileges. However, the casino does not provide Bingo tournaments.

After the registrations, players can start the journey with a $10 deposit. PlayAmo, also, provides live support, thus if you have any questions, you’ll always get the answer in a minute. Although we discuss the bingo games, there are over 3,500 titles on the site. All games are available to play on mobile devices through the web browser.

2. Spin Casino

Spin

NZ$1000

Welcome Bonus

Spin casino is licensed by Malta Gaming Authority and KGC. It has almost 20 years of experience providing top-quality games, including several types of Bingo. In order to get the 100% welcome bonus, make sure to deposit at least $20. In order to make the deposit, you can use all efficient payment methods, such as Visa, MasterCard, e-wallets, and prepaid cards. Spin casino is trusted by millions of players around the globe. Generally, there is a traditional type of Bingo, but also the casino offers an interesting game – Ballistic Bingo.

3. Jackpot City

Jackpot City

NZ$1600

Welcome Bonus

Jackpot City is known to be the best online casino for New Zealanders. The sister of Spin Casino shares similar characteristics and also provides Bingo games. Jackpot City players can play Bingo through the mobile application for Android and iOS. Players enjoy Bingo for free or for –real money.

As the previous candidates, Jackpot City opens the walls with a $10 deposit. Moreover, players can spin the wheel of fortune every 2-4 hours and get prizes. Also, Jackpot City offers support in multiple languages, and enough payment methods to cash out your winnings. All in all, the casinos attract people with legal licences, reliable certificates, a big variety of Bingo games and top security of players’ personal information.

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FAQ

What is in the article?

 

  • What is the process of withdrawing?
  • Tips for convenient money processing
  • Methods for withdrawals

What is the process of withdrawing?

First thing you should take into account when thinking of cashing out the winnings is the time it takes to transfer the money to the banking account. Regardless the deposits are instant, the withdrawal process requires some security and verification processes. As soon as you made a request for withdrawing, don’t be shocked, it can take up to 4-5 days for the money to transfer from the casino account to your card. Although, it’s usually a lot faster, especially using e-wallets, because e-wallets are the quickest method right now. Such payments systems, like Skrill or Neteller, take from 0-72 hours to make a transaction. However, the bank wire transfers will take much longer.

Tips for convenient money processing

Don’t cashout the whole sum. If you win a large amount of money and are ready to withdraw all of them, ask yourself two questions: am I going to continue playing? or am I going to stop gambling for a while?. If you think to continue playing later, we recommend you to keep some money on the account and do not pay out every cent. Otherwise, you will have to again make deposits and just spend too much time on it.
Think ahead. Create a weekly plan when you will make a withdrawal, for example, on a certain day on the week, and stick to the plan. In this case you will always know when the next transfer is, and when the money drops on the banking account.

Methods for withdrawals

In fact, each casino provides a list of available options to make payouts. Mostly, the list is pretty similar, however, different casinos provide different withdrawal time, security aspects, privacy and other features. The fastest methods are e-wallets, such as Skrill, Instadebit, PayPal, Neteller, EcoPay, and Citadel. All of them provide fast transaction and secure service.

Conclusion

All things considered, money transferring, especially payouts, take some time. In order to minimize the time you should choose the suitable method and stick to the useful tips and strategies. Furthermore, there are a large number of methods you can choose from, however, not all of them are free and secure. By that, we recommend you to use e-wallets from our list and be confident in your financial safety.

Before we actually estimate the total revenue of online casinos, I would like to mention that no one can provide the real amount of money earned by casinos per month or per year. Besides, it depends on the casino reputation and popularity. Fair and customer-oriented online casinos probably make more money compared to the income of the small, less popular gambling sites.

Online casinos have expenses too

Like any other business, companies working in the online gambling industry have to buy services, pay ‘for rent’ and other fees. The highest expense of online casinos is game software providers. A well-reputed casino has at least three partnered softwares, each of them costs about $11,000 a month. In addition, they all take charges from the games when players use it. The monthly charge is about 15% per game.

Apart from the providers, online casinos need to pay for marketing and affiliate programs. It’s again estimated about $12,000 a month. Add to this other payments for hosting, security services, salary to the team and additional expenses. Totally it equals to approximately $25,000 – $30,000 a month.

Yearly revenue of online casinos

Let’s take an average revenue amount of the online gambling industry a year. It’s around $50 billion a year. Thus, about $4 billion each month. It would be simple just to divide the sum by the number of operating online casinos, which is about 4,000 online casinos on the whole Internet. We consider small and big popular casino sites.

Dividing it all, we get $1 million per casino. But as I’ve already mentioned, not every casino works at the fullest. So, there must be about 20% online casinos that make a real profit worth approximately a million dollars.

Presumably, an online casino makes $1,000,000 a month. This sum covers the fixed expenses of $30,000 and payout to players, let’s say it’s $150,000 a month. Saying again, I’m not sure which sums are correct. Anyway, online casinos result in about $800,000 a month, which is approximately $10 million a year.

Slots are the most popular genre of casino games. There are thousands, or better to say millions of slot machines in the online gambling market. Every respected gambler knows which slot game has the highest RTP and which slot provider makes amazing HD animation. Online slots have the following features which are actually known to everyone in the business.

  1. Slots are simple, have special symbols and features that tend to help winning.
  2. Like any other casino game, slot machines are powered by RNG, so it’s totally impossible to cheat.
  3. Slots have the smallest RTPs compared to the table and live games.

Slots are hard to beat, that is true. They have the shield in the form of the RNG. However, don’t get upset too fast. You can’t beat it but you can increase the chances of beating it. There are simple rules that you have to follow in order to benefit from a slot machine session.

Start at the smallest

Your first bet should be small, the minimum. Make a couple of spins and raise the bet as soon as you win. However, when you get a constant range of losing results, lower the bet at minimum.

Keep the minimal track

The RNG is built to make you lose a couple of rounds. Or a couple of five rounds in a row. It’s okay. It never means that the slot is rigged (unless you play at the fraudulent casino). It just means that the casino takes its edge to the house. You will have that money back eventually. But you have to keep betting the minimum.

Quit at the right time

Sometimes it gets until you don’t have the money on your balance. This is happening to everybody. It means you’ve deposited too little sum. Still, if you don’t have spare money to deposit and have negative feelings about the session, you should quit. Close the game and the casino site. Come back when you feel free and relaxed.

Concluding

These are just simple recommendations but as soon as you try to apply them during your gameplay, you will see their advantage. They won’t make you waste a lot of money and will prolong your gaming process. It’s possible to beat a slot machine, but you have to be patient and have extra money in case you lose too fast at the start.

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