Guide Make
Have any of you done this cashback guide? make money thing?
You get money from depositing and playing on some bingo sites. Then you get more money in cashback?!?! apparently bingo sites let you win to draw you in aswell?
Noo guys not talking about bingo bonus i know you cant withdraw that. I mean joining the bingo site through a cashback site. Read the guide
A bingo bonus will require you to deposit some money to get a bonus. Typically a 400% bonus will work like this:
1) You deposit £10. (Lets keep track, you are now £10 out of pocket)
2) The bingo company gives you the 400% bonus, so you now have £40 in your bingo account but not in your bank account!
3) If you take the bonus you will be required to roll over the entire amount of money a specified amount of times, this will be well buried in the terms and conditions of the offer, a typical rollover requirement will be 6 X.
4) A bingo game has an average payout ratio which is strictly obeyed, its impossible to beat bingo as the odds are fixed and the outcomes truly random. The payout ratio is something around 75%, so for every £1 you bet you will recieve an average of 75 pence back.
4) (A quick bit of maths, I'm going to ask for you to have some faith in me here.)
£40*(0.75^6)=£7.11
So when you withdraw the £7.11 back to your bank account and you will have lost £2.90 overall. This is what will happen on average, some people will win more and some people will lose more, but on average you will lose.
EDIT: The cash back offer will only be validated once you have deposited and played, the terms and conditions will ensure that you cannot profit from this system. They probably reduce your overall loss if you actually want to play bingo, they won't actually make you any money.
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