In recent months, there has been a lot of news coverage of Powerball wins, Mega Millions jackpots, and a brand new super Publishers Clearing House game. With so many people focusing on the jackpot and the potential life altering outcomes, more and more people are scratching their jackpot winning itch by playing Bingo.
While Bingo won’t win you nearly as much as a Powerball jackpot, you can still win a respectable amount of money playing a game you enjoy. Because so many people are taking up their Bingo cards and playing to win, there are those who are eager to know their actual odds of winning at this clssic game really are, due to this we bring you a detailed explanation on the matter.
Let’s take a look at what the actual bingo odds are for a real game:
The Math of Bingo
Honestly, you can try an calculate the odds of winning Bingo with the greatest mathematic minds in the universe, but your eyes will still cross when they sit down to tell you all that the calculations entail. We can make it easy on you and just tell you that the fewer people playing, the better your chances of winning. If there are only 10 people in the Bingo hall, your chances of winning are 1 in 10. If there are 100 people in the Bingo hall, your chances of winning are 1 in 100.
While you may be thinking that the fewer people the better, you should consider that when there are only 10 people playing, there is only 10 people’s worth of money in the jackpot. According to state guidelines, Bingo halls MUST set aside 30% of the money collected for charitable giving, 20% goes to administrative fees, which leaves you with 50% of the money collected. Sure, if the Bingo hall brings in $1000 in a day, that leaves $500 for the jackpot, but that jackpot is spread out over a pre-determined set of games. In reality, you might spend $30 to buy 5 cards, but you could end up taking home an underwhelming $25 in jackpot payouts – if anything at all.
The Beauty of Online Bingo
The above numbers are why so many people choose to play their favorite game of chance online. Online Bingo parlors aren’t limited to the amount of people they can have in their online Bingo rooms so the jackpots can be staggering. On the other side of the coin, your chances of winning are much lower because where there are 1000 people in the online Bingo room, your chances of winning are 1 in 1000 – but think of the juicy jackpots you could win with that many people ponying up dough to purchase Bingo cards.
Online Bingo is growing in popularity and 123BingoOnline.com has all the best games and all the amazing jackpots one would expect from the #1 online Bingo site in the US. Stop by, register, and try your hand at winning the big bucks!