How do ROLLOVERS work ?

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  • suckerforparlays
    Restricted User
    • 02-15-10
    • 4536

    #1
    How do ROLLOVERS work ?
    I dont understand how these rollovers work in sportsbooks? I just signed up for BetPhoenix because it said $64 free. And I received $64 for free in my Free Play account, but what does mean? Im confused and tried talking to support but im still confused lol. It says this

    $64x6? I think thats right it says rollover X 6. in freeplay winnings.

    So does that mean I have to make $384 in bets before I can cash out? And it says the max cash out is $250. What happens if I somehow get lucky and turn it into $1000. Where does the other $750 go? Im CONFUSED!!!
  • suckerforparlays
    Restricted User
    • 02-15-10
    • 4536

    #2
    im only aloud to be ML -200 and +200, 3 game parlays and straight wagers. A straight wager is considered a spread right?
    Comment
    • vitalyo
      SBR MVP
      • 12-05-07
      • 1615

      #3
      • 6x rollover on freeplay winnings. (NCAA Hoops action only apply to rollover. Any other sports action will not be counted towards roll. Casino action is not allowed.)
      • Max $250 cash out for this promotion.
      • One promo per person per household
      • ID required before withdrawal can be made.
      • 20 cent line setting applies to this promotion.
      • Withdrawals can be made once the NCAA Men's National Championship Tournament has ended.
      • Standard freeplay conditions apply
      Comment
      • suckerforparlays
        Restricted User
        • 02-15-10
        • 4536

        #4
        well i read that lol so i have to make $384 i bets and then i can cash out?
        Comment
        • suckerforparlays
          Restricted User
          • 02-15-10
          • 4536

          #5
          When do I no what my freeplay winnings are since I have $64. Do I get my freeplay winnings once I win a bet?
          Comment
          • vitalyo
            SBR MVP
            • 12-05-07
            • 1615

            #6
            Originally posted by suckerforparlays
            When do I no what my freeplay winnings are since I have $64. Do I get my freeplay winnings once I win a bet?
            Say you bet $64 at the line -110 so you win $57.60 .You only keep $57.60 your winnings .
            Then you have to roll over $57.60 6times =$345.60.


            You can only cash out $250 .

            GL.
            Comment
            • suckerforparlays
              Restricted User
              • 02-15-10
              • 4536

              #7
              TY that is all I wanted to ****ing no! roflmao! Dam that took me forever to finally get the answer i wanted lol. And then i member the support said If I win more then that I keep the money in my account I think? He said I dont lose the money or something but I got the main answer I wanted lol! TY!
              Comment
              • suckerforparlays
                Restricted User
                • 02-15-10
                • 4536

                #8
                So is it almost better to lose say $30 of the $64 they gave me? Purposely so instead of having to win $345 it would be more like $180?
                Comment
                • Johnny 55
                  Restricted User
                  • 05-16-09
                  • 1079

                  #9
                  suckerforparlays-

                  Dont gamble, I am saving you a lot of time and frustration in your future by giving you this advice now. We all have gifts in life, mental acumen, my friend, was not bestowed upon you.
                  Comment
                  • suckerforparlays
                    Restricted User
                    • 02-15-10
                    • 4536

                    #10
                    wtf are you talking about?
                    Comment
                    • HedgeHog
                      SBR Posting Legend
                      • 09-11-07
                      • 10128

                      #11
                      By asking the question, you're helping Johnny55 prove his point.

                      Step 1, win your free play. Step 2, try to get your balance over $250. Then, and only then, worry about how to complete the remaining rollover (Step 3).
                      Comment
                      • suckerforparlays
                        Restricted User
                        • 02-15-10
                        • 4536

                        #12
                        Originally posted by HedgeHog
                        By asking the question, you're helping Johnny55 prove his point.

                        Step 1, win your free play. Step 2, try to get your balance over $250. Then, and only then, worry about how to complete the remaining rollover (Step 3).

                        your a dick its a question
                        Comment
                        • therber2
                          Restricted User
                          • 12-22-08
                          • 3715

                          #13
                          lol. I just talked to a book of mine about a March madness offer with a whopping fine print 50 times rollover

                          You need 5,000% gains before you can see a dime. Rollovers are just a load of
                          Comment
                          • Johnny 55
                            Restricted User
                            • 05-16-09
                            • 1079

                            #14
                            50 times rollover is insane, never encountered that myself. You can find the value of a bonus/rollover fairly quickly by just dividing the bonus money received into the wagering requirement, multiply by 100 and you can get the dollar amount per 100 wagered that you are getting. Most are around $2.50. So the book is paying you $2.50 for every 100 you wager. You could in theory find slightly minus arbitrage opportunities and still make a profit, provided you can move money easily.
                            Comment
                            • Kemalettin
                              SBR MVP
                              • 03-20-10
                              • 1351

                              #15
                              rollovers sucks!
                              Comment
                              • siabdo23
                                SBR Sharp
                                • 12-02-09
                                • 300

                                #16
                                but say you bet 64$ on a parlay and make $ 500.00 is that means your rollover is done
                                Comment
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