Are you interested in earning money from playing online bingo? If so, how do you go about monetising your game? The good news is that it is possible to earn money from playing bingo. It takes thought and foresight to plan out a working strategy, but it is entirely doable.
By way of answering these questions, let’s consider the following strategies:
Sign up with a legitimate online casino
This point sounds obvious and should not be considered part of a game-winning strategy. However, it is the starting point of any successful bingo tactic.
Why? Aren’t all online bingo halls and online casino sites equal?
Part of the rise in the online gambling community includes an increase in the number of scam or fraudulent operations. If you open an account with a scam operation, you will more than likely end up losing your initial deposit as well as your bank account details and your personal information like your identity number, social security number, and address details. These details will more than likely be sold on the Dark Web and used to clone your identity and use your credit card details for fraudulent purchases. Therefore, it is critical to ensure that you sign up with a bona fide slots site such as one of the new slots sites UK .
Reduce the randomness of the equation
Bingo is a game of chance. Its roots are in the Italian lotto, Lo Giuoco del Lotto D’Italia, that was started in 1530. The game then spread from Italy to France in the 1700s where it was played by the French aristocracy. It then moved across to the United Kingdom and eventually ended up in the USA in the late 1920s.
The original game consisted of a player or any number of players, and a caller or person with a bag of wooden chips, each marked with a number. The players were given a card with rows and columns of numbers on the card. When the caller selected a wooden chip and called out the number on the chip, players would mark the relevant square on their cards. The player that was first to reach five numbers in a row won the game.
The modern game is similar in origin in that both sides are random. The player buys a strip or book of playing cards, each randomly marked with numbers in columns and rows. And, numbered balls are randomly selected manually or by a mechanical selector and called out. Players mark this number on their cards if it is included on the cards.
This process is very similar to how the weekly lotto is run. Statistically calculated odds show that the chances of winning the lotto jackpot are between 1 in 4 059 and 1 in 33.554 million. This is because both sides of the equation, the player’s selected numbers and the random number generator, are both random. Therefore, the way to increase the odds of winning is to reduce the randomness in the equation.
Players cannot change the functioning of the random number generator. Therefore, the only thing to do is to increase the number of games that the same numbers are used.
The same principle applies to playing bingo. To win at bingo, one of the best options is to buy fewer playing cards or books of cards and use the same cards for a greater number of games. Therefore, the randomness on the player’s side of the equation is reduced.
Your reason for playing bingo
Why are you interested in playing bingo? Are you interested in the social aspect of the game? Or are you solely interested in winning as many games as possible?
The answers to these questions will add value to your playing strategy. If you intend to be a social player, then you should seek out social bingo sites or land-based casinos where lots of people gather to play the game. The caveat here is that the more people playing the same game will reduce your chances of winning.
On the other hand, if you are only interested in using bingo games as a means to increase your personal finances, then you should steer away from large games and concentrate on finding games where there is less competition.
Set money aside as a bankroll
At this point in the discussion, it is essential to note that gambling, or playing games of chance, in any form, is an extremely high-risk activity, and you should not wager money you cannot afford to lose. Secondly, you should always gamble in moderation and know when to stop, especially when you are on a losing or winning streak.
The idea that you can turn a losing streak around by continuing to play does not make sound business sense. And, a winning streak will always turn around into a losing streak. Consequently, it is essential to put a limit on any gambling session and walk away when you have reached that limit, no matter how much you have won or lost.
Therefore, the way to manage your gambling funds is to add it to your monthly budget. For example, if you can only afford to set aside £100 every month, then it’s important to move that money into your gambling account, or bankroll.
The next step is to decide how many times a month you wish to play bingo. Once this decision has been made, it’s important to divide up your monthly £100 by the number of times you want to gamble during the month. For example, if you wish to gamble on a Friday evening, as a stress reliever, after a hard work week and there are 4 Fridays in a month, the next step is to divide the £100 by 4, resulting in £25 per week to spend on playing bingo.
The final step is to decide how many games you wish to play in an evening and how many books of playing cards you wish to buy.
Again, let’s assume you wish to buy £5 books of playing cards to last the whole evening, you can buy 5 books of cards at £5 each.
Once you have reached your weekly spending limit, then it’s time to call it a night and look forward to next Friday’s fun.
