1. #1
    Rich Benjamins
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    Betonline unfair rollover requirements

    Betonline has an A+ rating on this site. But I think it should be lowered because of their unfair rollover requirements. Here's what it is:

    I deposited $1k in bitcoin, and got $1k in freeplay. Sounds good right? However, these are the rules:

    I can't withdraw a penny until I fulfill the rollover requirements.

    The rollover requirement is 14x the TOTAL of the deposit and the freeplay. So my rollover requirement is $28,000.

    On top of that, bets made count towards the rollover as the lower of the risk or the win. For example, if I bet on an underdog, risking $100 to win $300, that's $100 towards the rollover. If I bet on the favorite, risking $300 to win $100, then that still only counts $100 towards the rollover.

    So it will take an enormous amount of time to fulfill these rollover requirements, and i can't withdraw any money, no matter how far above my initial deposit my account gets

    Are these rollover requirements kosher? I'm somewhat new to sportsbetting.
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  2. #2
    Rich Benjamins
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    FYI, I also have an account with Sportsbetting.ag. And they have the exact same rules. I assume it's the same company.

  3. #3
    BAUS
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    Same company; same bonus rules at both those shops.

    14x is a little on the higher side but you should always read and understand the bonus rules prior to depositing. They're giving you free money...it'll be on their terms.

    BAUS

  4. #4
    thomorino
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    Quote Originally Posted by BAUS View Post
    Same company; same bonus rules at both those shops.

    14x is a little on the higher side but you should always read and understand the bonus rules prior to depositing. They're giving you free money...it'll be on their terms.

    BAUS
    There not giving you free money, that what people don't get. They get 10 cents of most of your bets, so if the rollover is 14x 2k or 28k you would need $2801 in cash to get free money. Its not free money its just the ability to bet with reduced vig, which is still important, but not free money.

  5. #5
    BAUS
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    Quote Originally Posted by thomorino View Post
    There not giving you free money, that what people don't get. They get 10 cents of most of your bets, so if the rollover is 14x 2k or 28k you would need $2801 in cash to get free money. Its not free money its just the ability to bet with reduced vig, which is still important, but not free money.
    Depends how you use it.

    BAUS

  6. #6
    Rich Benjamins
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    Quote Originally Posted by BAUS View Post
    Same company; same bonus rules at both those shops.

    14x is a little on the higher side but you should always read and understand the bonus rules prior to depositing. They're giving you free money...it'll be on their terms.

    BAUS
    OK, I feel like they're holding my money hostage. if the balance is over $1k, I don't see why I can't withdraw down to $1k. They'd be making their freeplay back if I lost that. It's going to take forever for me to have access to my money. I also think a site doing these kinds of tactics might be more likely to steal my money as well.

  7. #7
    BAUS
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    Quote Originally Posted by Rich Benjamins View Post
    OK, I feel like they're holding my money hostage. if the balance is over $1k, I don't see why I can't withdraw down to $1k. They'd be making their freeplay back if I lost that. It's going to take forever for me to have access to my money. I also think a site doing these kinds of tactics might be more likely to steal my money as well.
    They're not stealing your money.

    You probably also missed the rule where there is a 30 day hold on withdrawals.

    BAUS

  8. #8
    xpress
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    BOL is easily a top 5 sportbook. with the limits they have, that rollover is very easy to fly through. 30day hold is a bit annoying, but understandable with that kind of offer.

    my only wish is that bol could re-allow freeplays on skrill deposits as it used to be. Hope higherups read this message board and re-consider as they grow.

  9. #9
    5918mike
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    Typical rookie mistake, read and understand the rules before you deposit and accept a bonus. If you aren't sure of something, ask in email and chat so that it's documented.

  10. #10
    Rich Benjamins
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    OK, I feel a little more comfortable after seeing your replies. I will have faith that if I can finally get through that rollover, that I will see my money again.

  11. #11
    DwightShrute
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    Quote Originally Posted by Rich Benjamins View Post
    Betonline has an A+ rating on this site. But I think it should be lowered because of their unfair rollover requirements. Here's what it is:

    I deposited $1k in bitcoin, and got $1k in freeplay. Sounds good right? However, these are the rules:

    I can't withdraw a penny until I fulfill the rollover requirements.

    The rollover requirement is 14x the TOTAL of the deposit and the freeplay. So my rollover requirement is $28,000.

    On top of that, bets made count towards the rollover as the lower of the risk or the win. For example, if I bet on an underdog, risking $100 to win $300, that's $100 towards the rollover. If I bet on the favorite, risking $300 to win $100, then that still only counts $100 towards the rollover.

    So it will take an enormous amount of time to fulfill these rollover requirements, and i can't withdraw any money, no matter how far above my initial deposit my account gets

    Are these rollover requirements kosher? I'm somewhat new to sportsbetting.
    standard
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  12. #12
    TheMoneyShot
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    Quote Originally Posted by Rich Benjamins View Post
    Betonline has an A+ rating on this site. But I think it should be lowered because of their unfair rollover requirements. Here's what it is:

    I deposited $1k in bitcoin, and got $1k in freeplay. Sounds good right? However, these are the rules:

    I can't withdraw a penny until I fulfill the rollover requirements.

    The rollover requirement is 14x the TOTAL of the deposit and the freeplay. So my rollover requirement is $28,000.

    On top of that, bets made count towards the rollover as the lower of the risk or the win. For example, if I bet on an underdog, risking $100 to win $300, that's $100 towards the rollover. If I bet on the favorite, risking $300 to win $100, then that still only counts $100 towards the rollover.

    So it will take an enormous amount of time to fulfill these rollover requirements, and i can't withdraw any money, no matter how far above my initial deposit my account gets

    Are these rollover requirements kosher? I'm somewhat new to sportsbetting.
    Not trying to rain on your parade man... but look at it this way... it's a steep rollover but they don't decrease your RISK ON WAGERS. There are books out there that handicap you and take away your MAX RISK on a play. For instance... how would you like it if you were risking $500 a game... and all of a sudden... on your rollover... the MAX RISK is only $250 a play? Books are doing that everywhere. BetOnline doesn't do that... at least no word of them doing that.

    If you're not happy with it... don't take the cheese (bonus money) next time. Best of luck.

  13. #13
    Optional
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    Whats with all the Betonline hate today??

    And it appears to be players who have never taken a bonus before and think they should not have to read any terms too.

    14x rollover on a 100% bonus is not too bad and it's standard at every book I know about to use the lower amount of risk/win to calculate rollover.
    Last edited by Optional; 08-07-17 at 06:26 AM.

  14. #14
    Alfa1234
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    If you haven't placed a bet yet, you can also ask them to take the bonus out of your account and you'll be free of the rollover.

  15. #15
    tsty
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    Quote Originally Posted by Optional View Post
    Whats with all the Betonline hate today??

    And it appears to be players who have never taken a bonus before and think they should not have to read any terms too.

    14x rollover on a 100% bonus is not too bad and it's standard at every book I know about to use the lower amount of risk/win to calculate rollover.
    14x on sportsbooks bonuses? i don't think that's normal

    Aus bookies do roll over the winnings of the bonus bet once on bets that are $1.5+

    his situation seems ridiculous for casuals

  16. #16
    Optional
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    Quote Originally Posted by tsty View Post

    14x on sportsbooks bonuses? i don't think that's normal

    Aus bookies do roll over the winnings of the bonus bet once on bets that are $1.5+

    his situation seems ridiculous for casuals
    Aussie books sometimes give 150% with no rollover requirement. Not really relevant to compare with offshores, but Aussie books don't offer perpetual reload bonuses or let winners have any bonuses or usable limits either.

    Betphoenix group standard is 12x deposit plus the winnings from the bonus. 14x deposit only is not a bad number for offshores rollover. Bookmaker one of the lowest at 10x deposit amount.

  17. #17
    R40
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    Quote Originally Posted by Rich Benjamins View Post
    OK, I feel like they're holding my money hostage. if the balance is over $1k, I don't see why I can't withdraw down to $1k. They'd be making their freeplay back if I lost that. It's going to take forever for me to have access to my money. I also think a site doing these kinds of tactics might be more likely to steal my money as well.
    Bonuses are designed to attract you to the book and then have you lose all your money. If they get you to bet a large amount, you are probably going to lose.

    Betonline has large rollovers but they also put out openers which puts them at more risk.

    A bonus is free money if you win, a trap if you lose.

  18. #18
    gauchojake
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    Quote Originally Posted by Optional View Post
    Whats with all the Betonline hate today??

    And it appears to be players who have never taken a bonus before and think they should not have to read any terms too.

    14x rollover on a 100% bonus is not too bad and it's standard at every book I know about to use the lower amount of risk/win to calculate rollover.
    I blame JJ for trying to proclaim BOL a top 3 book.

    You are going to have a million of these threads as football gets closer and books start casting their nets with bonuses.

    14X RO on Deposit + Bonus is high but not unreasonable. I would be more concerned with the thread concerning the prop market.
    Points Awarded:

    Optional gave gauchojake 2 Betpoint(s) for this post.


  19. #19
    jjgold
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    Betonline is tremendous

  20. #20
    ehp6737
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    These are standard freeplay rules. Yes, 14x is a little high, but so is 100% cash bonus. For example, a top book like heritage has a 4x rollover on a 10% bonus.

    This must obviously be the first time youve ever taken a bonus, so consider it lesson learned.

  21. #21
    DaveAaron
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    Quote Originally Posted by Alfa1234 View Post
    If you haven't placed a bet yet, you can also ask them to take the bonus out of your account and you'll be free of the rollover.
    hey Optional,

    if you read , the HEADER,

    then AFTERWARDS go and read the 1 thru 8 terms and conditions,
    the wording, free plays must be used...........

    can illicit, or can be comprehended by, any PAST FREE PLAYS, one might have existed, or pending existed...
    it does NOT say 1x,
    that this bonus is a freeplay , vividly(clearly) in ANY WAY,

    you wrong on this front,
    its not crystal clear, just cuz, term 7 and 8 read....

    7. You must use any existing free plays already in your account before claiming any new free plays.
    8 The free plays you earn are for the sportsbook. They cannot be used in the Racebook, Casino, Poker, Live Betting or on Skill Games.
    doesnt say the free plays you earn (for this ) bonus,
    free plays, could signify later received freeplays, and its just letting you know....



    its a shady tactic,

    the header reads, 100% Bitcoin Bonus

    If you have never made a deposit with Bitcoin before, you can earn a special 100% Bonus on your first-ever deposit via Bitcoin. Use promo code BTC2017 and we will match your deposit dollar for dollar from just $20 all the way up to $1,000.
    its shady the "match dollar for dollar reference" too

    whole thing is B, Book status, no debate....

    hold funds for 30 days,
    and your SBR merits this an A book or is it A + ??

    thats the Real Joke in this, not some of our interpretations...
    tell me what other A book in history , makes you wait 30 days to act ,??
    Last edited by DaveAaron; 08-08-17 at 01:09 AM.

  22. #22
    timinator
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    Quote Originally Posted by Rich Benjamins View Post
    Betonline has an A+ rating on this site. But I think it should be lowered because of their unfair rollover requirements. Here's what it is:

    I deposited $1k in bitcoin, and got $1k in freeplay. Sounds good right? However, these are the rules:

    I can't withdraw a penny until I fulfill the rollover requirements.

    The rollover requirement is 14x the TOTAL of the deposit and the freeplay. So my rollover requirement is $28,000.

    On top of that, bets made count towards the rollover as the lower of the risk or the win. For example, if I bet on an underdog, risking $100 to win $300, that's $100 towards the rollover. If I bet on the favorite, risking $300 to win $100, then that still only counts $100 towards the rollover.

    So it will take an enormous amount of time to fulfill these rollover requirements, and i can't withdraw any money, no matter how far above my initial deposit my account gets

    Are these rollover requirements kosher? I'm somewhat new to sportsbetting.
    If u are gonna try the bonus game in this day and age you have to read the fine print and do the math......

  23. #23
    5918mike
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    Quote Originally Posted by timinator View Post
    If u are gonna try the bonus game in this day and age you have to read the fine print and do the math......
    Better yet, hit them up on chat and ask the questions, verify everything you need to and it's all there in writing for future reference in case something goes bad. I've had to use it a couple times because you are dealing with different agents. One told me I was eligible for a bonus, after my deposit another agent told me I wasn't. It was easily confirmed and taken care of by a manger because I had the proof.

  24. #24
    Krashman
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    How is it unfair rollover requirements when those requirements were fully disclosed to you in advance and you agreed to them when you deposited? When you were given the option to deposit and not take the bonus? When you are given the option to change your mind after deposit and request a withdrawal and forfeit the bonus?

    BOL is very fair.

    Your post trashing BOL is unfair.

  25. #25
    captrobey
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    This is pretty much normal. I like to take bonuses but i do not start with $1000 because it is too high a rollover unless you can get high limits. 14Xs is a little on the high side but not by much . Not since they gave you 100% FP. I do not think they are ripping you off. Now if they start lowering limits or any crap like that then i would say that is wrong.

  26. #26
    ace7550
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    Quote Originally Posted by Optional View Post
    Whats with all the Betonline hate today??

    And it appears to be players who have never taken a bonus before and think they should not have to read any terms too.

    14x rollover on a 100% bonus is not too bad and it's standard at every book I know about to use the lower amount of risk/win to calculate rollover.
    Second that. Betonline is legit. You wanna see some ruthless RO's swing by Skybook. Not hating on Skybook but I once took a bonus that came with a 28xRO!

  27. #27
    Alfa1234
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    You get 1k free play (that's like free $800 cash) and expect to get this with no strings attached?? The terms are there, they are clear and there is nothing hidden or wrong about it. Stop thrashing books for no reason at all.

  28. #28
    HedgeHog
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    Rollover is easy to do at BOL, I typically complete it in 10-14 days. The problem I have is with the 30 day hold on everything (deposits and winnings)--why???? No other A Book does this. Yes it's stated in the rules, but totally unnecessary IMO. Good out, bad rule.

  29. #29
    Rich Benjamins
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    Quote Originally Posted by HedgeHog View Post
    Rollover is easy to do at BOL, I typically complete it in 10-14 days. The problem I have is with the 30 day hold on everything (deposits and winnings)--why???? No other A Book does this. Yes it's stated in the rules, but totally unnecessary IMO. Good out, bad rule.
    I don't want to piss off the moderator here, but I think this is a healthy discussion. I'm not dogging Betonline, I'm sure it's a solid book.

    But you say you can clear a 14x2 rollover in 10-14 days? How? OK, most bets you risk between 1-5 units, right? That's with good bankroll management. Lets say you win half the freeplay, now you're at $1500, and you've gone through about $500 in rollover. So your bets are between $15-$75, lets put the average at $45. Some of those bets will be heavy favorites, some dogs. So that puts the average down to about $30. You've already gone through the rollover, so lets say there's $27,500 left to makeup. That's 27,500/30 = 917 bets to complete the rollover. If you're a winning bettor and double your money, increasing your unit size, that's still 450 bets. I only bet on MMA, so I only make about 10 bets per week. So it will take me 45 weeks to fulfill this requirement, or almost a year before I can see any of my money again.

  30. #30
    ace7550
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    If you only make about 10 bets a week and you use that unit structure than most RO's/bonuses are not going to work for you.
    In my structure (and I'm sure others have similar structures) I make as big a bets as possible and then hedge them on another site that gave me a bonus. Like hedgehog said, If I start with 2k I could easily meet a 28k RO in less than 14 days. Best case scenario is that I go broke on the first day and get to redeposit for another bonus.

  31. #31
    rustygsbr
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    not unfair at all

    The rules are the rules and are not hidden. They are very fair and upfront about their bonus rules. Also, it is completely standard to use the lower of risk and win amount. I love them and Sportsbetting!!!!

  32. #32
    trytrytry
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    the rules at 14X are not competitive to industry standards that is for sure. but they are pretty clearly written and not hard to find.

    the thing to worry about betonline.ag is the stealing of players funds after your rollover. for example they just last month stole over $6,000 from an SBR poster and probably many more due to a recent decision to not pay out a winning prop bet citing it was too hard for them to grade it.

    B- type book, consider if you have 15+ outs .

  33. #33
    R40
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    Quote Originally Posted by Rich Benjamins View Post
    I don't want to piss off the moderator here, but I think this is a healthy discussion. I'm not dogging Betonline, I'm sure it's a solid book.

    But you say you can clear a 14x2 rollover in 10-14 days? How? OK, most bets you risk between 1-5 units, right? That's with good bankroll management. Lets say you win half the freeplay, now you're at $1500, and you've gone through about $500 in rollover. So your bets are between $15-$75, lets put the average at $45. Some of those bets will be heavy favorites, some dogs. So that puts the average down to about $30. You've already gone through the rollover, so lets say there's $27,500 left to makeup. That's 27,500/30 = 917 bets to complete the rollover. If you're a winning bettor and double your money, increasing your unit size, that's still 450 bets. I only bet on MMA, so I only make about 10 bets per week. So it will take me 45 weeks to fulfill this requirement, or almost a year before I can see any of my money again.
    If you are going to make one deposit and play it smart that is the way to do it and not worry about when you get your money back.

    Doesn't seem bonuses are for you. Live and learn.

  34. #34
    searanchdude
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    ace7550, I use a similar structure. Can you give more detail on yours?

    On my side, I hedge BOL with sportsbook.ag books. The advantage of sportsbook.ag is that they let you withdraw your full balance regardless of how much of your bonus you've earned. So if you have a $1200 balance, and you've only rolled over $100 portion of a $200 bonus, you can withdraw $1100. You would lose the "unrolled over" portion of the bonus, but still can withdraw at any one time. Since they have perpetual 20% deposit bonus and weekly offer 30%-50% deposit promos, I've been able to make a profit hedging them against BOL while not using BOL bonuses due to their stricter withdraw policy. Here are the downsides: 1) the profits are very small because sportsbook.ag imposes a 5% BTC withdrawal fee and they have very poor sportsbook odds, 2) sportsbook.ag has a D- SBR rating. I've withdrawn thousands from them over more than 10 withdrawals and I usually get it within 24 hours during the week, but given the rating I feel like I'm taking a risk that they'll some day decide not to pay me.

    The downsides are why I ask about your structure... Do you or anyone else know of any books that have a speedy and more liberal bonus withdrawal policy while at the same time a decent SBR rating?

  35. #35
    ace7550
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    Hi Searanchdude,
    My system is similar but I use just about every book that SBR rates over a C. I usually have money in 5 or 6 at a time.
    I would be wary about using a book with a D- rating. Do you know why they have that rating?
    If you are interested in more detail on my system private message me. I'm not really comfortable posting full details here.

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