1. #1
    negBalance
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    newbie question: rollover?

    hey guys. i'm new to this online sportsbook thing and i was just wondering if someone to explain to me the concept of rollover. i heard it's something like you need to bet your money so many times over before you can withdraw, but can someone explain it in more detail?

    if i put in $500 and there's a 3x rollover, does that mean i can't ask for a withdrawl if i lose half my money on the first day? shouldn't i be allowed to walk away with some money after losing most of it?

    also, does rollover apply to everything? if i deposit some money and play a casino game and win money, can i withdraw that money? or do i have to place a sports bet to cover the rollover (if there is one). thanks in advance for helping a newbie like me.

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  2. #2
    freebie
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    Some books have casino and sports betting rollover requirement different.
    If you deposit $500 with 3X rollover.
    You have to wager $1500 in action before you can withdraw
    example 3x$500=$1500

    some books do rollover differently like 3x$500xrollover bonus($50)= $1650

    check with each books before making deposit.
    As for making early withdraw if you lose half your deposit. That's a good question and I haven't heard of that yet.

    SBR Founder Join Date: 8/10/2005


  3. #3
    magnavox
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    Doesn't matter if you lose or not, you just have to put in action specified amount, what the **** is so hard about it? Keep in mind that rollover usually applies when there's bonus involved.

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  4. #4
    negBalance
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    ok, so does rollover apply to only new deposits? if i put it $200 and $300 and lost it all then deposited another $100, does the rollover apply to $100 or to $600?

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  5. #5
    magnavox
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    Buddy, you're lost big time. Did you see what was said before? WHAT BONUS ARE YOU REFERRING TO & WHAT BOOK?

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  6. #6
    negBalance
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    yeah, i did see what you wrote before, but all i got is "the specified amount". but what is the specified amount? my running balance or my most current deposit? anyway, let's just use bodog as an example of 10% bonus with 3x rollover. i put $100 in (110 with bonus) and lose it all. i then redeposit $20 and get $22 with bonus. so now, do i need to play $66 before withdrawing or what?

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  7. #7
    marc
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    Negbalance.

    typically when you request a balance you make an agreement with the book. They give you xyz bonus, in return for a specified amount of action. SOmetimes there will also be a period of time like 30 days during whihc you agree not to make any withdrawals. If you have a need to make a withdrawal prior to meeting the rollover requirements some books have proviisons for letting you out. Others won't.

    Generally once your balnce hits zero,, your obligation to thebook has ebded. But if you reup, and your balance is not zero, you may still be bound to your original rollover commitment. With some books like wwts, and sportsbook.com, they expect you to complete the rollover regardless of whether you lost your funds or not. The key is to read the bonus rules carefully.

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  8. #8
    Illusion
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    Once you have lost the initial $110 that's it. You would only need $66 in action to make a withdraw for your second example.

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  9. #9
    yokspot
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    If you bust out, subsequent deposits and bonuses do not normally include the rollover on previous busted deposits and bonuses. Some books DO carry over past rollovers, however, but I think it's pretty unusual. Check first with whichever book you're considering playing at, and if you're concerned about the possibility of previous rollovers on busted deposits carrying over, ask them specifically. As I say, it's pretty rare that books do this. I've only heard of one to date. Bodog does not do this, so in your example above, you'd only need to wager $66.

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  10. #10
    negBalance
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    ah, i see! thanks guys. i was starting to worry that i wouldn't get any good answers and just get flamed for asking a newbie question. do casino games fall under the same rollover? i know there are special rules for certain casino games having a high rollover. so i guess my other question is if i start off with $200 and make $1000 in something like roulette playing even/odd, can i make up for the rollover if i place $600 in the sportsbook? one last thing (since people are replying ) any books you guys recommend with no or low rollover? i do both casino and sports, but play more casino. thanks everyone!

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  11. #11
    Illusion
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    I think most casino rollovers are 10/1

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  12. #12
    negBalance
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    thanks, Illusion. i know pinnacle has a 10% bonus for new accounts with rollover. i was thinking of trying them. there is no reload bonus, so i was thinking of playing a small amount for a new deposit then reloading with more if i need it. that way i wouldn't need to do a rollover on the reload. is that logical?

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  13. #13
    magnavox
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    Buddy, you should realize by now that what you say makes little sense. You can decide NOT to accept a bonus at Pinnacle, and not worry about rollovers, although you are bound to pay transfer fees then.

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  14. #14
    Betman
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    Negbalance

    I know it's all in the head but I am concerned with your nickname. It's difficult to project a winning attitude with a nickname like that.

    Have you considered switching from "Negbalance" to "Posbalance" ?

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  15. #15
    magnavox
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    P.O.S.-balance -- LOL! It changes pretty nothing.

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  16. #16
    negBalance
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    Quote Originally Posted by Betman
    Have you considered switching from "Negbalance" to "Posbalance" ?
    i'll think about it when my luck changes.

    [Quote=Magnavox]P.O.S.-balance -- LOL! It changes pretty nothing. [QUOTE]

    good one.

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  17. #17
    bigboydan
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    Quote Originally Posted by Illusion
    I think most casino rollovers are 10/1

    alot of them are 15x's rollovers. so, always check there bonus rules restrictions at the book you play at if your gonna play in there casinos.

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  18. #18
    slacker00
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    Hi negBalance,

    First off, welcome to the forum. I think you've been flamed a little more than you deserve. I was a noob like you just a few months ago. It takes a while to get up to speed on what's "obvious". I'm still learning.

    Rollover only matters if you're trying to claim a bonus. If you chicken out and decide not to complete the rollover requirement, you just forfeit your bonus as a penalty for not completing the rollover. Also, you may need to speak to customer service, I'm not sure, to verify a withdrawal and forfeit of any bonus.

    If you plan on signing up with Pinnacle, I'd recommend maxing out whatever part of your bankroll you can stand putting in there, so you can maximize the original deposit bonus on there. I signed up on Pinnacle a few weeks ago with only $500, but immediately started putting more money in there. I was concerned about needing to roll over $1500 in betting, but now that I've started middling and whatnot, $1500 isn't going to take long at all. Especially since Pinnacle is the absolute best book, you'll want to do your main business with them. Now I'm kicking myself for not going for a bigger initial bonus on there. You Just food for thought.

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  19. #19
    negBalance
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    thanks slacker00. i appreciate yours and everyone else's feedback. comments like yours are just what i need to get myself off on the right foot. have a great holiday.

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  20. #20
    Tsiggy Fresh
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    so if i were to get a $50 cash play redemption from the SBR stor and it has a 3x roll over in ordfer for me to cash any of that out i would need to take $150 worth of action.... lets say i play 50 on each one of my wagers and win them all do i cash out with just the 150 or 300 or would it be 250 (winnings - the inititial redemption = 250?)

  21. #21
    Powderguy
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    WOW, a 4 yr old thread REVIVED! NICE!

    Tsiggy, I may have no clue what I'm talking about, but I think all you would have to do would risk $150 in order to cash any of your $50 out. I hope I'm close to being right.

  22. #22
    Enkhbat
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    So if you deposit 200 with 3x rollover, then you have to put 600 in wager, I get that. But does it matter how long it takes or how many bets it has to be?
    175 pts

    3-QUESTION
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  23. #23
    clarkacal
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    Its how sportsbooks get your money and keep your money

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