am i the only one who thinks betonline may just be a little shady

dherd · 07-31-10, 09:11 AM

BetOnline is the only book i have EVER run acrosss that counts rollovers this way. it is buried deep within their rules. i only found out
about it as i THOUGHT i was approaching my rollover requirement. at betonline if you bet a baseball game $300 to win $100 and win
the bet it only counts as $100 against your rollover requirement.

when a book does stuff like this it makes me wonder about them. am i wrong about this - are there other books that treat rollover wagers this way?

For rollover purposes we take into consideration the risk amount in lost wagers and the lower amount in won wagers (e.g. in a lost wager where you risked $1000 to win $900 we’ll use the $1000 for rollover purposes, while in a won wager where you risked $1000 to win $900 we’ll use the $900 for rollover purposes).

bubba · 07-31-10, 09:34 AM

i have seen other books do this too. not uncommon at all.

Fishhead · 07-31-10, 09:36 AM

More books than not compute rollovers this way...............and it's the way it should be.

There many more pressing issues to be concerned with at BETONLINE than these procedures.

poker_dummy101 · 07-31-10, 10:10 AM

standard at most shops

erickvivar · 07-31-10, 10:22 AM

Standard calculation.

No need to activate the red alert on this one.

TobiasFunke · 07-31-10, 10:23 AM

Yeah its pretty standard

konck · 07-31-10, 10:29 AM

I like most books but Betonline is crap 100% I wont play there the manager George is an idiot.

Patrick McIrish · 07-31-10, 10:54 AM

Yeah that isn't unusual at all. That point aside I don't disagree with the general statement you were making about BOL.

dinaro7 · 07-31-10, 10:57 AM

its sop

JerseyShop101 · 07-31-10, 11:02 AM

If they didn't do it this way, everyone would take the huge favorites of -10000 to complete their rollover.

dherd · 07-31-10, 11:03 AM

ok, looks like i got it wrong. i have just never noticed it before. sorry for causing a stir over nothing.

JoeVig · 07-31-10, 11:07 AM

Did they get rid of computing your bonus rollovers based on the deposit + freeplay + WINNINGS ? That was the real shocker. Win a couple of your FP bets and now your rollover is much more than you initially thought.

sharpcat · 07-31-10, 11:10 AM

This is standard for rollover requirements.

mathdotcom · 07-31-10, 11:17 AM

BetOnline is my #1 shop these days and their payouts are coming faster each time

JoeVig · 07-31-10, 11:21 AM

Originally posted by sharpcat

This is standard for rollover requirements.

I would disagree with that. Here is Bookmakers policy:

For sign-up bonuses in BookMaker, the rollover is calculated by adding the bonus amount you choose to receive to your deposit amount and multiplying that total by the rollover. For example, a $300 deposit with a 25% BookMaker sign-up bonus with a 3-time rollover would be calculated by taking your $300 deposit plus $75 bonus (25% bonus) which equals $375 total and multiplying $375 by the 3-time rollover which equals $1,125 in total action required before you can request a payout.

I believe BetJamaica and most other reputable shops use this model of depsoit plus bonus amount only.

dollarbill · 07-31-10, 11:23 AM

Originally posted by dherd

ok, looks like i got it wrong. i have just never noticed it before. sorry for causing a stir over nothing.

Don't agree when I played off-shore I was credited with the amount of my wager not amount won or lost?

6x rollover on a $100 was $600 wagered before withdraw. I guess times have changed and continue this way. Maybe we'll see shops in all States soon?

BTW...... Legalizing Gambling is the only way other then raising taxes to benefit those who now are overpaid!

Peep · 07-31-10, 11:27 AM

Originally posted by mathdotcom

BetOnline is my #1 shop these days and their payouts are coming faster each time

I haven't had a problem there yet either Mathdotcom.

mtneer1212 · 07-31-10, 12:22 PM

I have low juice there, so -105 and decent software make it a good out for me. However, I occasionally like to play a teaser in football, and this place is AWFUL with their teaser odds:

6pt teaser:
2 team: -110
3 team: +150 (most places it is +180)
4 team: +250 (just about everywhere it is +300)

So, straight and parlays are good, teasers go elsewhere.

tommygun · 07-31-10, 06:07 PM

Originally posted by mathdotcom

BetOnline is my #1 shop these days and their payouts are coming faster each time

You work there dont you mathy.

durito · 07-31-10, 06:10 PM

Originally posted by JoeVig

Did they get rid of computing your bonus rollovers based on the deposit + freeplay + WINNINGS ? That was the real shocker. Win a couple of your FP bets and now your rollover is much more than you initially thought.

Yes, though given their odds this summer, rollover really hasn't been a problem.

pavyracer · 07-31-10, 06:12 PM

They paid me promptly when I won big.

ProfaneReality · 07-31-10, 06:21 PM

Originally posted by pavyracer

They paid me promptly when I won big.

and it probably took 3 months to withdraw it all

dark star · 07-31-10, 06:22 PM

No problems with BOL for me up to yhis point....other than their shitty software

pavyracer · 07-31-10, 07:33 PM

Originally posted by ProfaneReality

and it probably took 3 months to withdraw it all

No. I requested ** and paid the $50 fee. Since I was withdrawing several dimes the fee seemed reasonable. I requested before 11 am and had the check in my hands at 6.

gryfyn1 · 07-31-10, 07:37 PM

Originally posted by JoeVig

I would disagree with that. Here is Bookmakers policy:

I believe BetJamaica and most other reputable shops use this model of depsoit plus bonus amount only.

I believe Sharpcat was referring to the original question not your observation .. which does seem odd --

Most Ive seen either do (Deposit + Bonus)* rollover or (Deposit + Freeplay-winnings)*rollover -- I have not seen one that does (Deposit+Bonus+Freeplay-winnings)*rollover -- that seems a tad excessive.

sharpcat · 08-01-10, 02:03 AM

Originally posted by gryfyn1

I believe Sharpcat was referring to the original question not your observation .. which does seem odd --

Most Ive seen either do (Deposit + Bonus)* rollover or (Deposit + Freeplay-winnings)*rollover -- I have not seen one that does (Deposit+Bonus+Freeplay-winnings)*rollover -- that seems a tad excessive.

Thanks Gryfyn1

This is correct I was referring to the OP

Rollins08 · 08-01-10, 07:29 AM

Betonline e-mails be non stop with there "great bonus" offers. Really I wouldn't use this book, there are safter options out there.

dherd · 08-01-10, 07:56 AM

quote from joevig
"Did they get rid of computing your bonus rollovers based on the deposit + freeplay + WINNINGS ? That was the real shocker. Win a couple of your FP bets and now your rollover is much more than you initially thought."

havent used freeplay yet, not getting hung up in that net. my understanding is deposit+bonus times 7x.
but, i have to say thinking more about it i really dont think they should use the smaller of wager win amount.
all the freeplay promos say that you have to WAGER X NUMBER OF TIMES YOUR DEPOSIT PLUS BONUS.
by using the the wager/win formula THE ROLLOVER IS ACTUALLY ABOUT 20 TO 25 PERCENT MORE than that
amount. i have been using offshores and rollovers for almost twenty years and i have never run across this before,
maybe its because of baseball where the moneyline is usually bet, football and basketball isnt really that much
much difference. but, if i put $500 at risk it seems to me i should get $500 credit towards my rollover requirement.

i read the thing about having to rollover freeplay winnings yesterday after all this kicked up - i thought i must
have been misunderstanding their rule. if that is really the case i WILL steamed up with them. if that's the case
that is total b.s.

when books do stuff like that it makes me really wonder about them. i have never had a complaint about any book before - i have always been treated fairly. but the way betonline handles their rollover requriement makes
me wonder what else do i not know about.

dherd · 08-01-10, 08:00 AM

Originally posted by JoeVig

I would disagree with that. Here is Bookmakers policy:

I believe BetJamaica and most other reputable shops use this model of depsoit plus bonus amount only.

i agree this is the only formula i have ever run across before betonline. i wouldnt mind so much if they
had just made it clear up front. i understand they cant go through all the rules each time someone
opens an account but when they do things in a materially different way i think they should make it
clear at the outset.

juuso · 08-01-10, 08:21 AM

Can't play there anymore. They kicked out european players a year or two ago.

dherd · 08-02-10, 07:03 PM

betonline DOES count the rollover amount twice in calculating the rollover requirement. this is fvcked up i dont care what anyone says.
if you have a thousand dollar free play and cash the full thousand, then you have to roll the winnings from the bonus over 7 times as well.

SO IT WORKS LIKE THIS. DEPOSIT + BONUS AMOUNT X 7 (LOWER OF AMOUNT BET OR WON IS COUNTED) PLUS WINNINGS FROM THE BONUS PLAY TIMES SEVEN.

THE BOTTOM LINE IS THIS ALTHOUGH THEY TELL YOU THERE IS A SEVEN TIMES ROLLOVER IT IS ACTUALLY WORKS OUT TO ABOUT A NINE TIME ROLLOVER PLUS YOU HAVE TO ROLLOVER THE AMOUNT YOU WIN ON THE FREE PLAY SEVEN TIMES (REMEMBER THEY HAVE ALREADY COUNTED THAT ONCE - (DEPOSIT PLUS BONUS X 7) SO THAT MAKES THIER SEVEN TIME ROLLOVER ACTUALLY ABOUT A TEN TIME ROLLOVER.

JUST BE UP FRONT AND HONEST ABOUT IT.