thanks.
-SB
-SB
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Old Status Quo tune, I think.
Roll over, lay down.
Some tried it with Beethoven, but can't remember who.Comment -
It's different for each book but in general when you receive a bonus from a sportsbook in order for you to cash out that bonus they require you to wager the amount of your deposit a certain # of times , called a rollover.
Ex. you deposit 1000 and get a 10% bonus
the sportsbook requires a 3x rollover. You are required to wager 3000 before you can make a withdrawal. Some books include the bonus as well and then you would have to wager (1000 + 100) x 3 before making a withdrawal.Comment -
good explanation rolemand...Comment -
Welcome to SBR, rolemand's explanation sums it up perfectly.Originally posted by sillybeatchComment -
sillybeatch,
welcome also...I used to be big in hunting for bonuses, but now I look for solid books with low vig...best of luck to you this season...Comment -
pag11....I think that's what most of us are doing now.The offshore world sure has changedOriginally posted by pags11
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absolutely it has joe...hope you stick around the forum...this is a cool place...Comment -
Rollover is the total amount of bets you must make to "earn" the bonus.
If you deposit $1000 and earn a 10% bonus with 3x rollover, this means:
Your account starts with $1100.
You must make $3300 in total bets. The amount for any bet is usually the LESSER of amount risked, or amount to win. So if you bet $250 to win $100 on the Yankees versus Kansas City, you would only get $100 towards your rollover, even though you risked $250.
Books have different rules on how they handle withdrawals before rollover is met. Many will cancel your bonus if you make a withdrawal before giving them the action they want - even if you are up a lot.
Some of the less reputable books have bonuses that can't be withdrawn. You can use it to bet, but you can never cash out that last $100 if you are up.
A retail book with perfect balance will hold about 4.5% of the total volume bet. If you made $3300 in bets, they would hope to hold $148.50 from you, so they could afford to pay out the bonus.
Some books offer very generous bonuses - if you see them offering 25% + with a low rollover, be leery. Their expected profit from the deal is less than the bonus. These types of promotions could make a book go bankrupt.
More than you wanted to know?Comment -
Good explanations, though I’ll disagree on a couple of details.
In general when you receive a bonus from a sportsbook in order for you to cash out that bonus they require you to wager the amount of your deposit a certain # of times , called a rollover.
It’s nearly always the rollover number times (deposit plus bonus) rather than just times the deposit.
The amount for any bet is usually the LESSER of amount risked, or amount to win.
This method exists, but I’ve come across it only infrequently. Far more books in my experience simply use the risk amount when calculating rollover.
[i]Books have different rules on how they handle withdrawals before rollover is met. Many will cancel your bonus if you make a withdrawal before giving them the action they want - even if you are up a lot.[i/]
Agree. I would say the vast majority rather than just “many,” but it definitely varies. Prior to your meeting the rollover, some books won’t allow withdrawals at all, some will take back the bonus if you withdraw, some will take back the bonus plus what portion of your winnings they calculate are somehow attributable to the bonus if you withdraw, and some will allow you to withdraw without penalty any amount above the original deposit plus bonus.
Some of the less reputable books have bonuses that can't be withdrawn. You can use it to bet, but you can never cash out that last $100 if you are up.
Yes, though I don’t know that I’d regard this as a practice associated with “less reputable” books. I think of it as just a different form of bonus rather than a somehow dishonest or disreputable bonus system. Carib is one of the few books I know of that uses this type of bonus, and they seem like a perfectly OK book.
I would add that since all these policies and interpretations vary from book to book, you should always communicate directly with the book in question to make sure you understand exactly how they specifically do their bonuses. And if possible don’t settle for just finding out on the phone—since the people you speak to will routinely be wrong, and you won’t be able to later prove what they told you—but get it in writing.Comment -
Risk is the common thing yap. Also there are some sticky bonuses that are actually good, like the 1 from Carib.
Just play it similiar to a freeplay, the advantage is that there usually are no rollovers.Comment -
Thanks guys. This place is great. Hopefuly no one will get sick of my questions!
-SBComment
