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Feb
20th

Internet Bingo-How it Works

Just about everyone if the western world has played bingo at one time or another. Remember the days in primary school when the teacher would allow students to play bingo as summer vacation approached? Now people can play the same game on the internet and better yet can win huge sums of money while playing!  Internet gambling is a recent phenomenon as evidenced by the immense popularity of online poker. During the last twenty years there has been a resurgence of poker and today poker tournaments are broadcast on ESPN and millions watch every WSOP (World Series of Poker) tournament. Poker has dominated the online gambling world closely followed by slots but in Europe and the UK internet bingo is swiftly becoming the most popular and played internet game.

Consider this; in 2010 a reputable industry report said that the internet bingo sector is driving the growth of the online gambling industry and UK internet bingo operators reported record Year on year fourth quarter profits in December of 2010. In other internet gaming sectors the figures were not impressive and many internet bingo operators reported increases of 15% to 20% over fourth quarter profits in 2009.

The universal appeal of bingo makes it a perfect online game. Everyone knows how to play it and no special computer skills are necessary to play internet bingo. What has made internet bingo particularly attractive in recent years are much larger payouts and new software that it’s bingo operators to provide online players with very realistic games. Internet bingo games work the same as those at live bingo halls. The main difference is how players pay for bingo games. At land based bingo halls players purchase bingo cards or tickets individually or by the book. At internet bingo halls players must establish accounts using credit and debit cards or use an online payment processor. Winnings are deposited into a player’s individual account and withdrawals are usually quick and easy. The most popular cash out method at most internet bingo sites like BingoBoat is a bank wire.

Bingo cards are much cheaper at internet bingo sites and some sites sell cards for as little as a penny. Internet bingo players have access to features not available at live bingo halls such as auto daub. Thanks to industry competition most bingo operators are providing players with incredible bonuses and promotions. Huge jackpots are now the norm at internet bingo sites and can only get bigger as the competition heats up even more!