The best things in life are free, right? But this isn’t always true. When it comes to bingo, free bingo isn’t always better than paid bingo. Right now, some sites are offering massive payouts on their free bingo games. Costa Bingo is one such site that’s offering massive bingo bonuses every week (click the link for details). Every Friday it is offering players the chance to win £10,000 without spending a single penny. This sounds too good to be true, right? However, there is no obvious catch; you really can win £10,000 without making a single purchase.
But let’s take a closer look. Costa Bingo offers super jackpot games every night of the week. Aside from the £10,000 mega jackpot, the other jackpots are more realistic £2,500 and it costs 10p to buy a card and play. Gambling is about odds and probability; you have a certain chance of winning and a certain chance of losing. The probability of winning the jackpot on these huge bingo bonuses is pretty small. When a game is free to play thousands of people will want to enter, especially if the prize is a rather appealing £10,000. But if so many people are playing and there is just one winner to be had, your chances of winning are reduced the more people choose to play.
On the other hand, with paid bingo games, less people will play. Even though it only costs 10p to play, the fact that you have to pay anything at all will deter some people. Less people playing means more chance that you will win.
Your chances of winning are also to do with frequency. Costa Bingo’s £10,000 free bingo game is only played on Friday evenings. However, the £2,500 games are played every other evening, so if you play all of these £2,500 jackpot games you are more likely to win than if you just play once a week.
How the money is divided also makes a huge difference. Obviously the appeal with these huge bingo bonuses is that just one person takes them – winner takes all. However, if the winnings are divided up between players, each player will receive less, but more players will receive something.
But of course, the appeal of winning £10,000 in one go is the reason why these big bonus games continue to be so popular. Who wants to win £2,500 when you can win £10,000?
