Are Online Live Casino Bonuses Traps or Free Betting Opportunities?

Bonuses

2022-12-04

Benard Maumo

Almost all online live casinos offer players bonuses and other niceties these days. But as well as the online live casino bonuses, the jury is still out. Whereas casinos claim that these promotions give players free gaming opportunities, critics argue that bonuses are actually well-laid traps for players. So, after reading this post, you'll know whether the live casino bonuses are worth claiming or if they are merely baits. 

Are Online Live Casino Bonuses Traps or Free Betting Opportunities?

What Are Online Live Casino Bonuses?

In a nutshell, live casino bonuses are free bet credits that casinos give players after signing up or hitting a particular milestone. For example, a live casino can match new players' first deposits to a specified amount. If you're lucky, the casino can give you a bonus without requesting a minimum deposit. 

Below are the most common casino bonuses:

  • No deposit bonuses: a welcome package for players who successfully create a casino account. 
  • Deposit bonuses: This welcome offer is for new players who make a minimum deposit. The casino can double or triple your initial deposit. 
  • Reload bonuses: This is a follow-up to reload bonuses. The casino can match your second to fifth deposit.
  • Free spins: These are bonus spins given to new and loyal players. 
  • Cashback: Refunds made on lost stakes over a specific duration like weekends, Fridays, etc.

If you stand from the casino's point of view, bonuses are packages meant to attract new players and keep the loyal ones playing. The thing is that few players would turn down a chance to claim free bet credits from the live casino. They feel these bonuses will give them a go at the casino library without risking a coin. But is that true? Continue reading to find out more!

Are Live Casino Bonuses Worthwhile?

Here is the thing: skipping free lunches at the casino is unwise. New players should start slowly with their bankrolls and increase their bets gradually after learning the ropes. As for loyal players, online casino bonuses offer an excellent opportunity to limit real money spending. VIP players can also get unique treatments like personal account managers, holiday trips, and unique tournament invitations.

But as enticing as they come, bonuses can be "plastic carrots" dangled by casinos to fool players. This is true, especially if you don't know how to handpick the best live casino bonuses. Most bonuses at the best live casino sites have wagering requirements. This is essentially the number of times to play using the reward before cashing out any winnings. 1

Take this; a live casino can give players a $1,000 match deposit bonus with a 30x wagering requirement. So, if a player deposits$1,000, the casino will reward them with an equal amount in a non-withdrawable amount. The best they can get from this bonus is to withdraw the winnings after meeting the play-through requirement. In this example, eligible players must wager $3,000 before requesting a payout, meaning they spend more on the casino. 

The 'Evil' House Edge

Do you know why live casino games and table games rarely qualify for bonus use? The casinos know that your chances of winning a wager in these games are almost 50%. Take live blackjack, for instance. An expert card counter can reduce the house's mathematical advantage to less than 0.50%. In some poker variants, like Double Bonus and Double Double Bonus, skilled players can enjoy more than 100% RTP rates if they use an optimal strategy.

When claiming online casino bonuses, it's critical to consider the house edge. This is true with free spins, which are exclusive slot bonuses. If a casino offers spin rewards on games with higher return rates, your chance of withdrawing a decent win amount after fulfilling the playthrough requirements also increases. So, the casino can give you hundreds of free spins, knowing you won't win much on the unfriendly slot machine. 

Other Live Casino Bonus Considerations

It's generally agreeable that the wagering requirements and the house edge are critical when choosing a bonus. A lower wagering requirement is easier to meet, meaning you'll withdraw your cash a lot sooner. On the other hand, a lower house edge is good for your overall gameplay. 

But a player-friendly live casino bonus goes beyond these two critical pointers. Read the bonus terms and understand the bonus validity period and the bet limits. These two go hand in hand because they will help determine how soon you can fulfill the play-through requirements. 

A casino bonus should have a reasonable timeframe to fulfill the requirements. There's no point claiming a $1,000 prize with a 7-day duration. Of course, that's unless you can make $10 or $20 bets per spin and have a considerable bankroll. But remember, the house edge becomes more ruthless with more bets you make. 

It's also essential to compare the bonus offers on the market. Although the size should be the sticking point when choosing casino bonuses, a website can have a bigger package with tenable conditions. For example, a $1,000 bonus with a 30x play through requirement is always better than a $500 bonus at the same rates. 

Do Live Casinos Offer Bonuses?

For a start, live casino games are part of the general online casino service, which includes slots, table games, and specialty games. Some gambling websites can even provide sports betting services. In short, all live casino sites offer bonuses and promotions to loyal and new players. 

But unlike RNG table games which often contribute to the wagering requirements, live casino games don't. That's because it costs a fortune to set up a live casino studio with professional employees, omnidirectional cameras, tables, and more. Players must often make a minimum real money bet to play live games. But thankfully, the bet limits can be as low as $0.10. 

So, why should live casino players claim bonuses? First, use the rewards to sharpen your table game skills by playing the RNG versions for free. In addition, players can win a payout from the casino bonuses. If that happens, withdraw a portion of it and leave the rest for playing live casino games by Evolution, NetEnt, Microgaming, and so on. That's still playing for free!

Take it up today!

This detailed text should dispel all your fears and worries about live casino bonuses. While live games often don't qualify for bonus use, lucky players can win money from the rewards and use the winnings to play live titles. But remember to confirm the bonus wagering requirement, game's house edge, validity period, and bet limits. Give the bonus a clean bill of health if it ticks all these boxes discussed in this write-up.

Best gambling quote: “Successful gamblers always have two things on their lips: Silence and a smile”

Favorite Casino Game: Blackjack

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