Let us not fool ourselves bingo is a serious game to be reckoned with. When we think about bingo, I am sure the image of the bingo game being conducted in the local church hall or community center comes to mind. Plus we can be assured that bingo is not only for old ladies that have nothing better to do with their time. These statements are nothing further from the truth, bingo is big business in fact the proof of the pudding is that it is a big money making business. This said, one may ask about the legalities of money being involved in bingo?
The answer to this thought provoking question is it all depends on your topographical location. It may be okay in some locations and may have tighter restrictions in others. To be on the safe side we would advise you to check it out and make sure.
Please note that not all bingo games are the same. Bingo games have taken on many diverse formats. And the prizes also vary widely. For instance, church-run games are played for modest prizes, a few dollars, a nice food hamper just for example, whilst some of the larger bingo organizations reward players from a few hundred dollars to a few thousand dollars to even a car or even a holiday of a lifetime for two.
So let's ask ourselves how they make so much money to award these magnificent prizes. A simple answer is the cost of the bingo card. Some cards may cost a few cents others may cost a dollar or even more depending on the promotional game at hand. Imagine some players purchasing 30 cards for a particular game and there are a few hundred players wanting to win that particular game, when you start to crunch the math the numbers are not small at the end of the day, so let's not put a number on the quantity of games that can be played in a twenty hour period.
Please note that to make your brand of bingo stand out from the competition we have to find a unique niche that makes us different from the rest. This is where creativeness and marketing strategy comes into play. So when you look at one bingo room from another and see that one has 2000 registered players and the other has 100,000 you can see that strategy is a key element in keeping all players active and loyal.
One such attraction are progressive jackpots, where the player does not only have a chance of winning a particular game, but there is another jackpot that can be obtained when the game is won within a certain number of called balls. This type of jackpot is called a progressive jackpot if this is not won the progressive jackpot will increase by a set amount per session until it is won.
Please note as well some of the large bingo organizations actually network there bingo games together why? The prize money is greatly increased, but greatly reduces the chance of winning due to the much greater number of players. So think when going to play those once in a lifetime jackpots.
As you can now see bingo is a great opportunity to get into once you have the right business elements in place. Bingo has always and can continue to be big business.
The answer to this thought provoking question is it all depends on your topographical location. It may be okay in some locations and may have tighter restrictions in others. To be on the safe side we would advise you to check it out and make sure.
Please note that not all bingo games are the same. Bingo games have taken on many diverse formats. And the prizes also vary widely. For instance, church-run games are played for modest prizes, a few dollars, a nice food hamper just for example, whilst some of the larger bingo organizations reward players from a few hundred dollars to a few thousand dollars to even a car or even a holiday of a lifetime for two.
So let's ask ourselves how they make so much money to award these magnificent prizes. A simple answer is the cost of the bingo card. Some cards may cost a few cents others may cost a dollar or even more depending on the promotional game at hand. Imagine some players purchasing 30 cards for a particular game and there are a few hundred players wanting to win that particular game, when you start to crunch the math the numbers are not small at the end of the day, so let's not put a number on the quantity of games that can be played in a twenty hour period.
Please note that to make your brand of bingo stand out from the competition we have to find a unique niche that makes us different from the rest. This is where creativeness and marketing strategy comes into play. So when you look at one bingo room from another and see that one has 2000 registered players and the other has 100,000 you can see that strategy is a key element in keeping all players active and loyal.
One such attraction are progressive jackpots, where the player does not only have a chance of winning a particular game, but there is another jackpot that can be obtained when the game is won within a certain number of called balls. This type of jackpot is called a progressive jackpot if this is not won the progressive jackpot will increase by a set amount per session until it is won.
Please note as well some of the large bingo organizations actually network there bingo games together why? The prize money is greatly increased, but greatly reduces the chance of winning due to the much greater number of players. So think when going to play those once in a lifetime jackpots.
As you can now see bingo is a great opportunity to get into once you have the right business elements in place. Bingo has always and can continue to be big business.
Bingo Mania your online bingo authority, discusses the game of bingo from a business prospective point of view.
