High stakes bingo is a type of bingo that has higher payout rates than traditional bingo. The game typically has more opportunities to win large prizes, and players are typically required to place more bets in order to win.
Because high stakes bingo is a more risky game, there is a higher chance of losing money if a player loses. However, the potential rewards can be extremely high, so many players choose to participate in high stakes bingo even though the risk is high.
Some of the biggest prizes that can be won in high stakes bingo include cash and luxury items. In some cases, players have won million dollar jackpots.
While high stakes bingo is definitely a riskier game than traditional bingo, it can be a very rewarding experience if you are able to win big.