Deposit Rollovers per site (NOT including redeemed or offered bonuses)

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  • spicyyyyy
    SBR Rookie
    • 09-09-19
    • 36

    #1
    Deposit Rollovers per site (NOT including redeemed or offered bonuses)
    From what I have researched and/or found out, the following is policy on each site:

    Bovada
    -1x deposit rollover (i was told this was specifically for BTC deposits, not sure about other deposit methods). The 'risk' counts toward rollover before being able to withdraw.*

    *my issue with this policy is it is stated NOWHERE on their site or in their TOS. I had to bark at live chat support before she even mentioned this was policy and when pressed to show where it is mentioned in their TOS, she referenced me to section 4.8 (which specifically mentions NOTHING about this, but is supposedly umbrella'd and therefore assumed to be part of their policy). It really bothers me a lot when books just don't flat out say this and wait until you deposit and retroactively claim its their policy. Even worse, I don't really see how we as customers have any recourse.


    Bookmaker
    -1x deposit rollover on ALL deposits.

    On each graded bet, will be taken in to consideration:
    Action graded a “Win” or “Push”: Only the lower amount between the risk and the win counts towards the rollover.
    Action graded as “Lose”: Only the amount at Risk
    counts towards the rollover.


    *This policy irritates me the most. They are basically just forcing you to risk
    infinite (or as close to neutral/negative EV as possible) and freeroll you to the max. If you deposit $1000 and bet on a 10/1 favorite for example, only $100 counts toward your $1000 required deposit-based rollover. So you'd have to bet the same event 10 times and hope you don't lose until the 10th time (in which case you do, you'd still be a net $100 loser). If this policy is in place to prevent money laundering as I presume it is, then I fully understand the point of being forced to play and risk your entire deposit. However, to iterate beyond that and restrict it to the lesser of the 2 amounts is borderline criminal and just another way for them to sneakily increase house edge. The reason such a policy exists is to prevent bonus whoring and ppl exploiting those systems. To extend it to regular deposits where bonuses aren't redeemed just to increase house edge to me is beyond ridiculous. Additionally....if you make futures bets, those futures bets don't count until they are graded (which may be many months away in most cases) which also creates a chain reaction of built up rollover for any deposits/withdrawals you may make in between the day you place the futures bet and the day its graded.


    5dimes
    -1x deposit rollover on ALL deposits.

    generally same policy as bookmaker. see above.


    Nitrogen
    -NO rollover necessary for deposits.

    Nitrogen is by far the best site as far as I am concerned if you don't account for the high vig compared to their competitors. They have the best cashier BY FAR (deposits and withdrawals are done easily and transparently). They don't force you to bet your balance if you choose not to at any point. Excellent customer service. They clearly state limits for their lines so you don't have to guess how much to deposit and potentially get stuck with being forced to bet unused funds when you're capped.





    TLDR:
    -bovada isnt transparent but just risk your deposits and you can withdraw
    -bookmaker and 5dimes use shady tactics regarding deposit rollovers to try and increase their edge
    -Nitrogen has highest vig, but is the best book from a customer service standpoint
    -all books (except for Nitrogen) make you guess what the limit is so you're depositing blindly (another way for them to increase their edge because they force you to play entire deposit before cashing out)


    What is your guys experience would this and anything else worth adding? Please let me know below!!!
  • Optional
    Administrator
    • 06-10-10
    • 61502

    #2
    Welcome Spicyyyy.

    Every mainstream licensed book is required to insist on a 1x rollover of any deposit as part of international money laundering regulations.

    And so does every responsible offshore book too. As whether they have a mainstream license or not, almost every country in the world is signed up to anti money laundering and movement of terrorist funds agreements. And smart books don't want to create heat for the home governments.


    This includes Nitrogensports btw.


    Account Withdrawals

    Users are entirely responsible for ensuring that they enter the correct details of any withdrawal request. This includes both the intended withdrawal address and the withdrawal amount. After a deposit, significant action (one time rollover) is required in order to proceed with withdrawals. All users are required to make a first time deposit and provide significant actions (one time rollover on funds) before being able to withdraw any winnings from poker freerolls, contests, and free bets.


    Cryptocurrency Sports Betting at Nitrobetting delivers thrilling action on top sports events and casino games, all powered by crypto
    .
    Comment
    • spicyyyyy
      SBR Rookie
      • 09-09-19
      • 36

      #3
      Originally posted by Optional
      Welcome Spicyyyy.

      Every mainstream licensed book is required to insist on a 1x rollover of any deposit as part of international money laundering regulations.

      And so does every responsible offshore book too. As whether they have a mainstream license or not, almost every country in the world is signed up to anti money laundering and movement of terrorist funds agreements. And smart books don't want to create heat for the home governments.


      This includes Nitrogensports btw.


      Account Withdrawals

      Users are entirely responsible for ensuring that they enter the correct details of any withdrawal request. This includes both the intended withdrawal address and the withdrawal amount. After a deposit, significant action (one time rollover) is required in order to proceed with withdrawals. All users are required to make a first time deposit and provide significant actions (one time rollover on funds) before being able to withdraw any winnings from poker freerolls, contests, and free bets.


      https://nitrogensports.eu/n/rules
      I have no issue with the 1x rollover of deposits to protect against AML rules. But why insist on the lesser of the amount between risk and win to count toward rollover? if someone wants to bet their entire deposit on a huge favorite and lay 30/1, the books (generally speaking) should be happy. Forcing them to do that 30 times just to satisfy the rollover? for what reason? to satisfy AML doesnt seem valid to me beyond just forcing customer to risk the deposit one time. anything beyond that to me is just them trying to generate more edge.
      Comment
      • DontTailMe
        SBR MVP
        • 03-24-19
        • 2897

        #4
        Originally posted by spicyyyyy
        I have no issue with the 1x rollover of deposits to protect against AML rules. But why insist on the lesser of the amount between risk and win to count toward rollover? if someone wants to bet their entire deposit on a huge favorite and lay 30/1, the books (generally speaking) should be happy. Forcing them to do that 30 times just to satisfy the rollover? for what reason? to satisfy AML doesnt seem valid to me beyond just forcing customer to risk the deposit one time. anything beyond that to me is just them trying to generate more edge.
        I think you may have a valid point here. I have to admit, at first, I was rolling my eyes while reading your post - complaining about 1x rollover, really? But while I do see a purpose behind the lesser of stake/win for bonus rollovers, I don't really see much of a point to it for the deposit 1x rollover. If I want to deposit to bet on a -1000 favorite, that's my business.

        In any case, neither of us are going to get anywhere arguing that point, so it's good to know that some books subscribe to this.
        Comment
        • spicyyyyy
          SBR Rookie
          • 09-09-19
          • 36

          #5
          Originally posted by DontTailMe
          I think you may have a valid point here. I have to admit, at first, I was rolling my eyes while reading your post - complaining about 1x rollover, really? But while I do see a purpose behind the lesser of stake/win for bonus rollovers, I don't really see much of a point to it for the deposit 1x rollover. If I want to deposit to bet on a -1000 favorite, that's my business.
          In any case, neither of us are going to get anywhere arguing that point, so it's good to know that some books subscribe to this.
          for sure, we are in agreement. there is a place for rollovers structured like this for redeemed bonuses so customers cant just go around exploiting them and freeroll the bonuses (though tbh I have no issue with customers exploiting books generally since they do the same to customers). my point is entirely relative to using that structure just to satisfy a regular deposit, that's all.
          Comment
          • Wilfred
            SBR MVP
            • 08-19-12
            • 1908

            #6
            Weird I’ve deposited on Bookmaker and bet a -180 favorite and withdrew it all with no problem in the past
            Comment
            • DontTailMe
              SBR MVP
              • 03-24-19
              • 2897

              #7
              Originally posted by Wilfred
              Weird I’ve deposited on Bookmaker and bet a -180 favorite and withdrew it all with no problem in the past
              Yeah, I'm sure they have an acceptable range. Otherwise they'd be pissing off a ton of customers who made very reasonable (e.g. -180) wagers.
              Comment
              • jerrahmaya
                SBR Rookie
                • 08-26-19
                • 2

                #8
                Nitrogensports has rollovers now, but very lax

                essentialy if you deposit you can not withdraw without betting/casino-ing, they do not have any requirement on odds which you bet, you just have to bet the deposit
                Comment
                • Optional
                  Administrator
                  • 06-10-10
                  • 61502

                  #9
                  Originally posted by jerrahmaya
                  Nitrogensports has rollovers now, but very lax

                  essentialy if you deposit you can not withdraw without betting/casino-ing, they do not have any requirement on odds which you bet, you just have to bet the deposit
                  I think you mistake lax for sensible.

                  Whatever the rules, if you repeatedly deposit a large amount bet it at tiny odds then want to withdraw, you are obviously washing money and most books will react to doing that in some way.

                  If you are just a bettor you probably wont ever hear about these rules from a book.
                  .
                  Comment
                  • xKMACKx
                    SBR MVP
                    • 11-16-08
                    • 1274

                    #10
                    Sports Interaction let me withdraw without 1x rollover. Not that I've tested this extensively at other books, though, as I almost always rollover 1x. However, they did freeze the withdrawal initially and inquire why I was withdrawing.P

                    Pinnacle is the worst at 3x.
                    Comment
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