Big Money bingo – will the cash bubble ever burst?!

We don’t know about you, but our eyes are almost getting bored from bursting at the huge amounts of bingo money up for grabs at the moment. Well, almost. Thing is, there seems to be more money than ever to be won playing online bingo but it does make you wonder how much longer this bubble can keep growing. They say what goes up must come down, but when it comes to online bingo, will the big money cash bubble ever burst?!

Let’s talk facts first. It’s becoming more and more common knowledge amongst players and operators alike that there is big money to be won in the bingo world. Check out Tombola Bingo’s homepage and they will proudly proclaim that £4million is won every week. And a trip to JackpotJoy Bingo left our jaws stuck to the floor with the revelation that yesterday alone (24^th May 2011), a whopping £5,581,678.81 was won.

And take recent weeks, which has seen online bingo operators bring out their summer big guns in terms of big bingo promos. From £6k holidays in the Sun to the huge linked in Big Night In (playing at sites like Crown Bingo, Bet365 Bingo, Paddy Power Bingo and Mecca Bingo) and the frankly mind boggling madness of Costa Bingo’s free bingo £100k birthday giveaway, we are talking massive money sums that are generally unheard of when it comes to online bingo games.

Sure, you always hear stories of people bagging big wins, but until recently this was in side games, which see players stake bigger amounts of money and thus generating bigger money jackpots as a result. For a long time, the biggest ever single-bingo game win was in the region of £25k (which is still pretty good going if you ask us!). So how can a free bingo site like Costa Bingo afford to throw such a lavish free bingo game without bankrupting themselves eh?!

Well, the point is, sites offer more money because they have more players, which means more revenue. Take a look at Gala Bingo for example. The guys can pay out up to £28 million at their clubs/online, dependent on ticket sales. So less players means less money to share about.

There are two points to this. Firstly, we reckon it is highly unlikely you’ll be seeing the last of big money promos as there are still plenty of players discovering the joys of online bingo every day. We are talking about an industry that is worth some £1billion pounds (and is also owned in effect by a relatively small number of companies) here, which means flashing the cash from time to time ain’t no big thing, especially when few operators have reached the point where they want to close their doors to new members. Take big money bingo boss Foxy Bingo, who have introduced their first free no deposit sign up offer in a long long time. We can’t imagine these promos are the work of bingo sites that want to keep things small and cosy.

But there is a flipside to this. We have noticed that with more players, you may get bigger prizes on offer, but your chances of winning will be considerably less. And more roomies are starting to get peeved at their bad luck or indeed, their reduced chances of winning. Of course, this can be annoying, and with that in mind, many bingo sites are happy to cater for us with free bingo games to keep us tied over. It’s kinda a toss up – you have to work out whether you want to win big, or just win. We reckon it’s a bit of a balancing act, but providing you see big money games for what they are, you’ll able to get the most out of them. Which means that regardless of whether the bingo cash bubble goes up or down, you can always guarantee yourself a good time.