Any one is playing with them right now?
Action bets
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ConcordeSBR High Roller
- 09-05-05
- 105
#1Action betsTags: None -
pags11SBR Posting Legend
- 08-18-05
- 12264
#2I took them up on their free play of $21 with no deposit...so yes, currently I am...Comment -
BAUSSBR MVP
- 08-10-05
- 2191
#3Yes, never had a problem.
BAUSComment -
ConcordeSBR High Roller
- 09-05-05
- 105
#4Originally posted by BAUSYes, never had a problem.
BAUS
BAUS,
Thanks for your answer really. I am playing with them and have a decent balance.
GLComment -
BAUSSBR MVP
- 08-10-05
- 2191
#5Same here. I've had over 10k in payouts from them without a problem. But they aren't an A+ book by any means. At this time of year, every book is a "suspect", IMO.
BAUSComment -
slacker00SBR Posting Legend
- 10-06-05
- 12262
#6Originally posted by pags11I took them up on their free play of $21 with no deposit...so yes, currently I am...Comment -
ConcordeSBR High Roller
- 09-05-05
- 105
#7Originally posted by slacker00Same here. I got my balance up to $64, but I'm starting to slide backwards. Anyone know how the 10x rollover is supposed to work? If I get to $500 in posted wagers, can I cash out $50?
How to Calculate a Rollover
Most of our promotions here at ActionBets come with what we call a "Rollover Requirement". This is depicted as a multiplication of a dollar amount.
For example, when you make a deposit at ActionBets, you can either take a 10% cash bonus with a 3x rollover or, you can take a 20% cash bonus with a 6x rollover requirement.
We add this requirement so you stick around and play for while, rather than taking the bonus money and running! We calculate a rollover by adding the lower value in the Risk/Win relationship.
This value is called the "True Amount," and every wager has one.
For example: You may bet on a team that is not favored, an "underdog" and Risk $10 to Win $15. We would add the $10, the lower number, towards the rollover.
Likewise, if you were to bet on a heavily favored team, you may Risk $15 to Win $10. Again we would use the lower $10 to calculate towards your rollover.
So, now if you deposited $1000 and took a 10% bonus with a 3x rollover you would end up with an opening balance of $1100.
To calculate the rollover on the $1000 deposit, multiply your opening balance by the rollover requirement.
Illustration 1:
10% cash bonus 3 time rollover requirement
$1000 deposit + $100 Cash Bonus =$1100
Opening balance x 3 = $3300 rollover
Illustration 2:
20% cash bonus 6 time rollover requirement
$1000 deposit + $200 Cash Bonus = $1200
Opening balance x 6 = $7200 rollover
By adding up the lowest of the Risk/Win amounts for every wager, one can calculate how much money has been used in a given rollover requirement, regardless of the outcome of the wager; win or lose, this makes no difference towards the rollover.
Let's use 4 anonymous wagers from Nov 25th, 2005 as examples.
Golden State money line -135 R135/W100
Second Half wager Celtics -5 R108/W100
Edmonton Oiler's Hockey bet +145 R100/W145
Oklahoma State College Hoops bet -14.5 R54/W50
This Actionbets anonymous account holder has complied with $350 towards his/her rollover requirement.Comment -
pags11SBR Posting Legend
- 08-18-05
- 12264
#8concorde,
thanks for the explanation...I'm liking my experience so far...Comment
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