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Types of Real Money Bingo Tournaments: From Freerolls to High-Stake Competitions

In Entertainment
July 07, 2023
Real Money Bingo

Bingo is one of those games that never gets old. The concept has existed for a ludicrously long time, and is still going strong to this day. There are plenty of reasons why bingo is so popular. The most important one is that it is a game that can be enjoyed by anyone. Whether you are young, old, an introvert, or a social butterfly, you will find something to enjoy about bingo.

With that in mind, it is not surprising at all to find out that bingo tournaments are a huge deal in the world of online gambling. But, what newbies may not know, is that there are several different kinds of bingo tournaments. Whether you are a freeroller, a real money bingo player, a low-stake gamer, or a high-risk/high-reward chaser, the bingo world has something for everyone. In this article, we are going to go over the different types of bingo tournaments.


What are real money bingo tournaments?

Real money bingo tournaments are exactly what they sound like. Tournaments where you can wager and win real money, while playing bingo.

How do real money bingo tournaments work?

Simple really, all you have to do is visit a local, land-based bingo tournament, or an online bingo website, register, and place your wager.

What is a freeroll tournament?

The exact opposite of real money bingo, a freeroll tournament is a bingo competition that you can play for free. You don’t have to place any wager, just take your bingo card and have fun.

What is a guaranteed prize pool tournament?

Guaranteed prize pool (GPP) tournaments are contests where each participant is guaranteed a prize, no matter how well they do in the actual competition.

What is a progressive jackpot tournament?

A progressive jackpot tournament is a contest where the grand prize grows each time somebody doesn’t manage to score it. By the end of a progressive jackpot tournament, if nobody won the jackpot, it could reach incredible sums of cash.

Freeroll Tournaments: Risk-Free Fun

The first type of tournament we are going to discuss is the freeroll variety. For those who are unaware, a freeroll tournament means that anyone can enter without having to put down any money. In other words, freeroll tournaments exist just for fun. If you are a bingo fan, but have no money to spare, or just simply want to pass the time, freeroll tournaments are your best bet.

However, not all freeroll tournaments are just for fun. Some actually let you win real money. The sums will usually not be huge. However, winning free money is always a welcome prospect. Gamers, especially seem to do well at these kinds of bingo tournaments. Perhaps it has something with the positive effects gaming has on the brain. So, if this sounds like something you might be interested in, find the best freeroll bingo sites, and try your hand at some risk-free fun.

Guaranteed Prize Pool Tournaments: Set Cash Prizes

Guaranteed prize pool tournaments are a relatively new idea, which has been attracting a lot of new fans to bingo. As you might have gathered from the name, a guaranteed prize pool tournament means that each of the participants is guaranteed a prize, no matter how many entrants there are. So, what’s the catch?

Well, the main reason websites might offer GPP tournaments is to attract a higher user base. The more traffic an online casino receives, the more likely it is to show up during a Google search. However, the prizes you win are certainly real, and so there is really no reason not to check out this option. Who knows, you might find it perfectly suits your playstyle.

There is something to consider when playing a GPP tournament. Namely, the two kinds of entries. If you are signing up for a GPP, you might notice there are two entry styles:

·        Single-entry tournaments: the odds of winning are equal among each of the players.

·        Multi-entry tournaments: the players’ odds differ based on their submission.

Progressive Jackpot Tournaments: Pursuing Big Wins

For those of you who want to chase big wins, progressive jackpots will be the perfect choice. A progressive jackpot is a grand prize that grows in value with each round. Once somebody wins the progressive jackpot, the reward gets paid, and the jackpot reverts to its original sum.

The progressive jackpot has become quite popular in the slot industry especially. Knowing that, it is not surprising that bingo has adopted the practice. Already, some players have won big playing at progressive jackpot bingo tournaments. So, if you are a thrill chaser, give these games a try.

High-Stakes Tournaments: Competitive Thrills

Finally, we reach the final type of bingo tournament we are going to discuss, the high-stake tournaments. High-stake bingo games are exactly what they sound like; you wager a lot in the hopes of winning a lot. For anyone who is willing to take a huge risk and maybe win a huge reward, high-stakes tournaments are the best choice.

The joy of high-stakes tournaments is that they pit skilled players against one another. Intense gameplay, balancing risk and reward, and utilizing your skills to the best of your abilities is what most people love about these games. If that sounds like a thrill, then you might want to check out some of the high-stake tournaments in bingo.

Online vs. Land-based Tournaments: Choosing your Preferred Setting

Technology has certainly come a long way since the early 2000s. One of the biggest developments, at least in gambling, is the rise of online casinos and bingo websites. So, in this final section, we are going to go over the benefits of both, and discuss which one you might prefer.

Online tournaments are convenient, easily accessible, and often come with excellent bonuses. For those of you who have no time to visit land-based tournaments, online bingo is an excellent choice. However, if you are looking for social interaction, face-to-face fun, and want to meet new people, nothing can replace the land-based bingo experience.