Bingo money management
Bingo is a fun and relatively affordable way to compete for money and prizes. Many bingo players have a limited gambling budget, so it is important for bingo enthusiasts to get good money management skills in bingo. You can already save money on reliable bingo sites that won’t fool or scam you. We have listed only the best online bingo casinos in our leaderboard for you to play at.
Bingo money management tips
Before registering with an online bingo casino or buying a bingo card, players need to think about and prioritize bingo money management. It’s easy to get carried away and buy multiple bingo card packages, or to want to have multiple bingo games running at the same time using the ‘autodab’ feature (so the numbers are ticked off for you). There is absolutely no fun in wasting your savings on a game and then popping anxiety suppressants to cope with the losses, which, by the way, you will no longer be able to afford because you became broke from playing bingo.
Consider the game as a source of fun and also use it as a chance to socialize and make friends while hopefully increasing your bankruptcy. Here are a few tips for those looking to stretch the bingo money and keep them in check.
Decide on a bingo bankroll before you start playing
Before you walk into a bingo hall or sign up for an online bingo game, you should decide exactly how much you want to set aside for the day or night you want to play bingo. Ask yourself if you will find it comfortable if you actually lose the amount of money without winning anything. Once you have decided on an amount, you need to be incredibly strict with yourself and stick to this budget.
If you end up losing a lot of games, you will be tempted to buy more cards and spend money outside of your bankroll to try to make up for the losses – the best thing you can do for yourself is leave it alone and never reach down into your pockets to spend more money on the game that you don’t have. If you do yourself this often, this is a gambling addiction you should seek help with.
Buy cheaper cards
There are often a variety of cards you can buy in a bingo hall. They have different prices and prizes. To maximize your enjoyment and make the most of your bingo bankroll, you should buy the cheapest cards. The prizes for the most expensive cards are usually not that much better than the prizes for the cheaper cards. You will also get more playing time for the money you have spent. Wise bingo money management is to make sure that the more expensive cards really reward you with much better prizes. However, this is not usually the case.
Buy bingo packages
Of course, if you buy cheaper bingo cards, you will be able to purchase a larger number of them within your predetermined bingo budget. The more cards you have, the higher the probability that one of them has a winning bingo pattern. So instead of buying individual cards, buy the bingo booklets or packages sold online, as these packages are often cheaper than individual cards purchased individually. This gives you a greater chance of winning and more opportunities to play than you would by purchasing single cards.
Collaborate with another bingo fan
You might want to consider teaming up with another bingo fan. You can share expenses and rewards. This increases your chance of winning (or decreases your spending), and helps make bingo a more social activity. If it happens that you cannot easily share a certain prize, try to get an agreement. You can agree that Player A will win the prize on the first game, Player B on the second game, and so on. You can also collect all the prizes and ultimately decide who wants which prizes.
Take advantage of online bingo bonuses
A great advantage of playing bingo online is that you have access to bonuses when you sign up, as well as other promotions that are regularly offered. If you are a regular player, you can save money by accessing what is essentially free money provided by the casino. Just make sure you read the terms and conditions to be sure it is the right offer you are looking for.
Play jackpot bingo only if you have the right budget
Since the cost of buying jackpot bingo cards is higher than when playing regular bingo games, you should only do this if you can actually afford it. If you have decided to win the jackpot, you must be extremely careful and stick to your budget by buying significantly fewer jackpot bingo cards than you would if you had played regular bingo. Keep in mind that winning jackpot bingo happens very rarely.
Understand the variations of bingo games
If you are going to use specific bingo strategies like the Granville system, then make sure you understand how to customize them if you are going to play different games like 90-ball bingo or 30-ball bingo – customize the strategy according to the number of numbers on the card. You can read up on all bingo variants on our page about online bingo rules.
Play at quiet times
In order to have a better chance of winning bingo and thus needing fewer cards, it is best to play at quiet times, such as very early in the morning or mid-morning, as there will be significantly fewer players you want to play against. The fewer players you play against, the higher your odds of winning. If you are struggling to play at quiet times, you should choose bingo rooms in different time zones so that you can play when it may be busy where you are, but quiet elsewhere.
Don’t use your winnings immediately
One of the most common ways players lose is when playing bingo without managing their winnings properly. When you win some extra money, it can be easy to get over what feels like free money. First, think about how much you’ve already spent just to get that money. If you only get money back that you have already spent with no profit, it is wise not to spend a penny of it and place it right back in your bingo bankroll.
In those amazing moments where you win more than you’ve spent on the game and you feel like drunk with champagne – enjoy the moment, but try not to let that feeling last too long. It can cause you to spend your money in an unwise way and disappear before you are used to having them at all. If you have expensive bills to pay, such as electricity bills that can leave you without much extra money, then use your winnings to pay these and feel more comfortable having less financial stress resting on your shoulders.
Play at the best online bingo casinos
Obviously the best way to save money when playing online is to play at reputable online bingo casinos. Here at CasinoSite we have removed all the work you need to do to try to find them among page after page of bingo casinos, and have listed only the best of the best. Our team recommends Maria Bingo as one of the best bingo rooms on the web. Browse our leaderboard to find the casino that appeals to you best and offers you your favorite bingo variant.