How to Wager a Live Casino Bonus For Guaranteed Cashouts

How to Wager a Live Casino Bonus

Tired of playing with live casino bonuses and not scoring any winnings? You might be wagering the bonus incorrectly. Get insights into our team’s 6+ years of experience and learn how to wager a live casino bonus efficiently to secure a cashout.

What You Need to Know About Wagering Requirements

A wagering requirement is the number of times a player must wager their bonus funds before they can withdraw them. Requirements differ between casinos, but they all serve the same purpose by creating a threshold for bonus withdrawal eligibility.

In practice, this means that you can’t simply claim a bonus, use it, then withdraw it immediately; you have to clear the wagering requirements first.

A 30x wagering requirement on a £10 bonus means you have to wager your bonus amount 30 times before you can withdraw, or to be more precise, stake £300.

Things You Should Know Before Claiming a Live Bonus

Things You Should Know Before Claiming a Live Bonus

There are two things that our KingCasinoBonus authors recommend you keep in mind before claiming a live casino bonus:

  1. Some casinos automatically add your no deposit bonuses immediately after registering for an account. In the case of deposit bonuses, you usually have to enter a bonus code or opt-in to claim your promotion.
  2. Check out wagering contribution: It is pretty often that casino bonuses favour slot games. This means that playing slots will help you meet the wagering requirement faster, as all the funds you wager go towards it. However, there are casino bonuses that offer 100% wagering contribution on live games.
  3. Pick low wagering bonuses: If your bonus has high wagering, it will take you a long time to meet the requirement. Moreover, the winnings can hit zero while working towards the requirement, which will result in your bonus being forfeited.

What Live Casino Bonus Types Should You Look for?

Whether you opt for a no deposit bonus, welcome bonus, or existing player bonus, most live dealer casinos offer some form of incentive that lets you play and win using additional bankroll.

Bonus Type Benefits
Welcome They encourage new players to try new games with the bonus funds, in order to become familiar with the casino. You can try out LeoVegas’ live casino bonus.
No-Deposit There is no deposit required for this bonus, signing up for an account is often all you need to qualify. You will receive funds, which you can use either on a specified game, or on any game of your liking. Check out Jazzy Spins’ up to £100 no deposit bonus.
VIP/Loyalty Programmes VIP and loyalty programs reward existing players with bonuses such as no deposit bonus cash on any game of their liking.
Referral This bonus is an incentive to attract new players. For every friend that signs up using your link, you will get bonus funds or spins to use, usually with no wagering requirements.
High-Roller High-roller bonuses are rewarded to players who make significant deposits. This can be in the form of free spins, cash prizes, VIP rewards, and matched deposit bonuses. The bonus amounts are higher than usual bonuses, but so are the minimum deposits.

Pick Low House Edge Games to Maximise Winnings

If you can choose what game types to wager the bonus on, we suggest you go for low house edge games. Live blackjack bonuses will have a better return to player than live roulette bonuses, for instance.

We analyzed multiple titles from each game type, and calculated an average house edge for each.

Live Casino Game Type Average House Edge
Live Blackjack 0.6%
Live Roulette 3.9%
Live Baccarat Games 1.2%
Live Poker Games 1.9%

Make the Most of Side Bets

Make the Most of Side Bets

Many live dealer games, but especially card games, offer additional ways to multiply bets. These are called side bets, and they usually have nothing to do with the main game play. For instance, side bets placed on blackjack will not follow the blackjack game rules.

The most common side bet example is Perfect Pairs, which can be placed on blackjack. If your first two cards are a pair, you win the bet.

There are three types of winning pairs:

  • Perfect Pair: The cards have the same value, same suit, and same colour. This pair will usually multiply your bet 30 times.
  • Coloured Pair: The cards have the same value, same colour, and different suits. This pair will multiply your stake 10 times.
  • Mixed Pair: The cards have the same value, but different colours and suits. This pair multiplies your bet 5 times.

Don’t Chase Losses

You must create a strategy before using live casino bonuses besides our three recommendations above. It is also important to create a budget beforehand. Stick to your strategy, as well as your budget. If you are on a losing streak, do not chase losses. Chasing losses to speed up playthrough could cost you more in the long run.

Understand the Terms and Conditions

Understand the Terms and Conditions

Below are some of the key considerations for anyone using a live casino bonus. Remembering to check the finer details of any bonuses you use could help you avoid disappointment when it comes to cashing out.

  • Maximum Cashout – Most of the times, the winnings that result after you use the bonus and wager it enough to meet the requirements are capped. If you have amounted to £200 in winnings, but the maximum cashout is £100, only £100 will go to your real balance.
  • Eligibility – Check the terms and conditions of any live casino bonus before you claim and wager it. Check which games are eligible for bonuses, and also which payment methods are valid. Most of the times, Skrill and Neteller deposits are excluded from claiming bonuses.
  • Time Restrictions – Some casinos implement time restrictions on bonuses. This requires players to complete the necessary steps within a specific timeframe to become eligible for a cashout. If not met in due time, all the progress made up to that point will be voided.

Strategise your Live Casino Bonus Winnings

When it comes to wagering live casino bonuses, there are a few key strategies to keep in mind. Choose games with low house edges, take advantage of side bets when available, and avoid chasing losses. Create a budget, and always stick to it.

By following these tips, you’ll be successful in cashing out your winnings from live casino bonuses.