what does 10 x rollover mean?

[thealfa]

I am using Bet Phoenix to place bets. I deposited $200, got $100 cash bonus, and $100 free play, so total is $400. So I can only withdraw my winning if it's 10x my balance ($400 x 10=$4,000)? Correct?

Restrictions: Must accomplish a 10x rollover of the deposit + Cash Bonus + Free Play winnings + transfer fees (if any), before any withdrawal can be processed, otherwise the client will forfeit the bonuses, fees and winnings coming from this promotion.

[BatemanPatrickl]

Means you are ****** basically. Googluck.

[rfr3sh]

200+100+(whatever you win off freeplay) x 10

[thealfa]

200+100+(whatever you win off freeplay) x 10

[thealfa]

Means you are ****** basically. Googluck.

how so? is $4K hard to reach?

[rfr3sh]

i can't believe how dumb you are that you posted the restrictions which clearly states what the rollover is and you can't figure it out, I tell you and you scratch your head...maybe you should quit while you're ahead

[Statman]

I am using Bet Phoenix to place bets. I deposited $200, got $100 cash bonus, and $100 free play, so total is $400. So I can only withdraw my winning if it's 10x my balance ($400 x 10=$4,000)? Correct?

Restrictions: Must accomplish a 10x rollover of the deposit + Cash Bonus + Free Play winnings + transfer fees (if any), before any withdrawal can be processed, otherwise the client will forfeit the bonuses, fees and winnings coming from this promotion.

Don't forget that the transfer fees assuming you sent the $$ via ** or ** are also used the calculation of the rollover as the restrictions note. It's minor but Betphoenix will still take this into consideration before requesting a payout.

[rfr3sh]

if he had any fees he didn't state that he did..then again he can't read

[Kav]

good luck accomplishing that, never heard of anyone cashing out a 10x rollover in my life.

[thealfa]

if he had any fees he didn't state that he did..then again he can't read

Sender pays the fees. I guess whatever amount Bet Phoenix will send me will have a fee. Sending money to Bet Phoenix via ** cost me $14 fee for sending $200. I guess when Bet Phoenix sends out payouts they'd pay a fee. I think fees varies for the amount sent.

[thealfa]

good luck accomplishing that, never heard of anyone cashing out a 10x rollover in my life.

what have you heard then?

[thealfa]

Don't forget that the transfer fees assuming you sent the $$ via ** or ** are also used the calculation of the rollover as the restrictions note. It's minor but Betphoenix will still take this into consideration before requesting a payout.

yeah the part of the restriction where it says

"before any withdrawal can be processed, otherwise the client will forfeit the bonuses, fees and winnings coming from this promotion" is tricky, because why would Bet Phoenix even "allow" any withdrawal, when the deposit hasn't reach its 10x rollover yet? Shouldn't Bet Phoenix have it automatically that when funds can be withdrawn, it can be with a click of a mouse? Shouldn't they have it all calculated if it's OK to withdraw funds?

"otherwise the client will forfeit the bonuses, fees and winnings coming from this promotion." SAY WHAT?

First of all, withdrawing funds isn't/shouldn't even be possible if it hasn't reached 10x rollover of the deposit since it's in the terms. Right? So the restrictions/terms is a bit suspect.

Restrictions: Must accomplish a 10x rollover of the deposit + Cash Bonus + Free Play winnings + transfer fees (if any), before any withdrawal can be processed, otherwise the client will forfeit the bonuses, fees and winnings coming from this promotion.

[thealfa]

i can't believe how dumb you are that you posted the restrictions which clearly states what the rollover is and you can't figure it out, I tell you and you scratch your head...maybe you should quit while you're ahead

was my calculation of $4K right then? Obviously I didn't add the transfer fee (if any). I think transfer fees are determined by whatever company the sender (Bet Phoenix) choose to use, correct?

[DrStale]

i can't believe how dumb you are that you posted the restrictions which clearly states what the rollover is and you can't figure it out, I tell you and you scratch your head...maybe you should quit while you're ahead

Well if you and Bateman weren't being jackasses you would have noticed that he didnt ask about the requirements, he wanted to know the definition of a rollover, which nobody in this thread actually gave him so far.

thealfa, you do not need to reach $4,000 to cash out. The 10x rollover requirement means that you must wager that much money before you cash out. For example, if you put everything on a 100 to 1 shot and it wins you would not be able to cash out because you have not made $4,000 in bets.

[soni]

you 've got no chance of meeting that rollover! if they state 10x rollover, that basically means 20x rollover , they use tricks like counting the winnings(instead the stake) as rollover on bets below evens. say you bet $100 on ML -200 , only 50 counts towards rollover. betonline's the worst of all!

[nli07]

i thought counting the lower of risk amount or to win amount is industry standard?

then again, im a low juice guy not a bonus guy

[underthe total]

i would say he is ******, but it will near impossible to collect your money in the short term, however if you play and win and let it sit it can be collectable. however if he is sharp they will tell you when it is time to collect that or at some point that bonuses are for recreational players and take it away.

[G's pks]

means if you are a degenerate gambler that loses your money it is already gone...next time use toilet!