Rollover Question

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  • rara51
    SBR High Roller
    • 08-11-05
    • 247

    #1
    Rollover Question
    Guys, im asking for a friend here. A buddy of mine plays with an offshore book (not sure which one) that has imposed an absurd roll over on him. Hes up on the book close to 5 times his original deposit from hitting some plus money futures and just capping well as of late. At the rate hes going it will take him close to a year to meet his rollover ( based on his current monthly rollover as it stands now) hes concerned the book wont pay him and doesnt want to spin his wheels for the next year. So does he just keep grinding for the next 365 hoping that hell get paid out OR does he say fuk it and just start wagering 4 times his usual units and meet his rollover in a quarter of the time so he can find out sooner rather than later if hes gonna get screwed? much obliged for any advise...thnx
  • Buffalo Nickle
    SBR MVP
    • 11-12-14
    • 3228

    #2
    A rollover does not change. So if it has been increased, he should register here and file a complaint. Otherwise, being up as much as he is, he can just coinflip through at a reasonable betting amount and withdraw pretty much risk free if he does not overbet.

    If he does not know how rollovers work, he may just be upset at the amount he has to bet and does not have a legit beef which is pretty common.
    Comment
    • rara51
      SBR High Roller
      • 08-11-05
      • 247

      #3
      Originally posted by Buffalo Nickle
      A rollover does not change. So if it has been increased, he should register here and file a complaint. Otherwise, being up as much as he is, he can just coinflip through at a reasonable betting amount and withdraw pretty much risk free if he does not overbet.

      If he does not know how rollovers work, he may just be upset at the amount he has to bet and does not have a legit beef which is pretty common.
      understood....what exactly do you mean when you say " he can just coinflip through at REASONABLE betting amount" ? what perscentage above his current 1% bankroll per wager should he increase his unit size to?
      Comment
      • Buffalo Nickle
        SBR MVP
        • 11-12-14
        • 3228

        #4
        Originally posted by rara51
        understood....what exactly do you mean when you say " he can just coinflip through at REASONABLE betting amount" ? what perscentage above his current 1% bankroll per wager should he increase his unit size to?
        That would be the right amount. If he is way up and bets 1%, he is basically assured of withdrawing at a gain assuming a standard rollover unless he is incredibly unlucky or gets stiffed.
        Comment
        • Waterstpub87
          SBR MVP
          • 09-09-09
          • 4102

          #5
          If he has accounts at other books, he could find ML that are slightly mispriced (Say -107 vs 104 or something similar) and bet different sides. You would pay less than full juice, and be guaranteed to cash out something.
          Comment
          • rara51
            SBR High Roller
            • 08-11-05
            • 247

            #6
            Originally posted by Waterstpub87
            If he has accounts at other books, he could find ML that are slightly mispriced (Say -107 vs 104 or something similar) and bet different sides. You would pay less than full juice, and be guaranteed to cash out something.
            that would be a good idea and i suggested that to him already however, he does not want to take the chance of "shifting" money from the reputable book and possibly have it end up in the book thats a bit riskier. With that said he doesnt want to spin his wheels and waste his time dicken around with rollover if hes gonna get screwed in the end. Yeah i can show him how to file a formal complaint with SBR but that wont get him his money if the book dissolves soooooo should he just risk like 4-5% of his bankroll to meet rollover that much quicker ( 3 months) so he can just put this to rest or should he wait it out ( 12 months) ?
            Comment
            • Buffalo Nickle
              SBR MVP
              • 11-12-14
              • 3228

              #7
              Originally posted by rara51
              that would be a good idea and i suggested that to him already however, he does not want to take the chance of "shifting" money from the reputable book and possibly have it end up in the book thats a bit riskier. With that said he doesnt want to spin his wheels and waste his time dicken around with rollover if hes gonna get screwed in the end. Yeah i can show him how to file a formal complaint with SBR but that wont get him his money if the book dissolves soooooo should he just risk like 4-5% of his bankroll to meet rollover that much quicker ( 3 months) so he can just put this to rest or should he wait it out ( 12 months) ?
              That is a really good reason. You are also eating money at the other book unnecessarily. If he just put in a ton of random bets, it would do the job. Probably should find out what the book is to determine if he is at risk. You really can't advise him working this blind.

              Your friend is a lot smarter than the average bear at SBR. He seems to have a good handle on his situation. If he is in a very risky book, he should get out fast by getting through rollover ASAP and hope for the best. If he is in a decent book, he is probably in good shape.
              Last edited by Buffalo Nickle; 05-22-17, 03:01 PM.
              Comment
              • rara51
                SBR High Roller
                • 08-11-05
                • 247

                #8
                much obliged.....ill pass it along
                Comment
                • Buffalo Nickle
                  SBR MVP
                  • 11-12-14
                  • 3228

                  #9
                  My guess is your friend is in a really crappy book and that is probably why he did as well as he did. He was smart enough to know how to do it but now he is in a fix.
                  Comment
                  • Craig22
                    SBR Sharp
                    • 01-14-16
                    • 370

                    #10
                    Need more information... like what was his initial deposit for? What is the rollover amount? If the book is listed as an F on here, then even if he comes out ahead, it could take months to receive all the capital regardless on whether they will pay out.
                    Comment
                    • rara51
                      SBR High Roller
                      • 08-11-05
                      • 247

                      #11
                      honestly, hes just very disciplined , doesnt chase loses and manages his bankroll in a way that dosent allow variance to scare him off his system plays. I think he was enticed by the bonuses etc and didnt do all his homework.
                      Comment
                      • rara51
                        SBR High Roller
                        • 08-11-05
                        • 247

                        #12
                        Originally posted by Buffalo Nickle
                        My guess is your friend is in a really crappy book and that is probably why he did as well as he did. He was smart enough to know how to do it but now he is in a fix.

                        honestly, hes just very disciplined , doesnt chase loses and manages his bankroll in a way that dosent allow variance to scare him off his system plays. I think he was enticed by the bonuses etc and didnt do all his homework.
                        Comment
                        • Buffalo Nickle
                          SBR MVP
                          • 11-12-14
                          • 3228

                          #13
                          Originally posted by rara51
                          honestly, hes just very disciplined , doesnt chase loses and manages his bankroll in a way that dosent allow variance to scare him off his system plays. I think he was enticed by the bonuses etc and didnt do all his homework.
                          Yes, he seems pretty smart so would be surprising if he was in a lousy book. But he might have been a little too smart for his own good. It happens that way.
                          Comment
                          • rara51
                            SBR High Roller
                            • 08-11-05
                            • 247

                            #14
                            Originally posted by buffalo nickle
                            yes, he seems pretty smart so would be surprising if he was in a lousy book. But he might have been a little too smart for his own good. It happens that way.
                            preach
                            Comment
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