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  • bb1235
    SBR Rookie
    • 07-05-12
    • 6

    #1
    Betonline-HELP
    I screwed myself over by agreeing to that damn 25% bonus that Betonline was offering. I thought it was a freeplay no strings attached since I'm a noob. I hadn't heard much of Betonline until this recent endeavor so I figured it was possible that they'd give cash away at the casino or sportsbook and most people would lose it anyway.

    Well, I was quite wrong and learned a lesson the hard way. In exchange for $75 of freeplay I have a $2250 rollover and absolutely no sports betting experience. To make matters worse is I bought in for $300 and have run it up to $6k this week (I played a lot of poker in college and am pretty good). But I can't withdraw because of the friggin rollover.

    I'll accept some losses, hell I'd sell my bankroll for 90 cents or less on the dollar at this point. How do I maximize roll over and minimize losses? Could I hedge and pick both teams to win in an event and eat whatever fees the site makes its money off of?

    If someone could help me out besides my eternal gratitude I'll pony up some bills. I'm starting grad school in August and could use the cash.

    Thanks so much.
    Last edited by bb1235; 07-05-12, 02:47 AM.
  • Chopsticks
    SBR MVP
    • 06-30-09
    • 1057

    #2
    You cannot have that much of a rollover left if you have built it up to $6000? The easy way is to just bet the overs on everything you see using $25-$50 stakes and you should probably get out without too much of a loss. Sbr has a calculator if you want to take the other route - http://www.sbrforum.com/betting-tool...ge-calculator/ If you have little sportsbetting experience then I urge you to be careful and stick to lower amounts in case you make a mistake.
    Comment
    • bb1235
      SBR Rookie
      • 07-05-12
      • 6

      #3
      They have a rollover tracker but it only includes what was bet in the sportsbook I think so I'm like $55/$2250. If it included poker I think I'd be set. I have like 20,000 of those POP things.
      Comment
      • Chopsticks
        SBR MVP
        • 06-30-09
        • 1057

        #4
        I suppose you could try asking them if you can get out of it somehow, even if it includes giving them some money back as a fee or something. Probably a no-go though.

        Your best bet then is maybe to open a 5Dimes account and bet it off there. Make sure you ask for the REDUCED JUICE alternative. That means you can not get any bonuses but you will get the best odds and that will help you to try and move money. For instance, right now you can bet:


        SD Padres +131 5Dimes $100
        Cin Reds -136 BOL $233.12
        for a loss of $2.12 (see calculator I linked to)

        There may be matches with closer odds out there but that one looks pretty representative of what you will see a lot of. If you bet to risk/win $100 22.5 times you should lose maybe $50 in juice. Of course you will also have to take into consideration any fees you have to pay to withdraw from two sportsbooks instead of just one, as well as any deposit fees 5Dimes may have if you have to keep depositing there.

        If you deposit $500 with 5Dimes, then stick between $50-100 bets doing this. Do not go all in for $500 and hope that it wins at 5Dimes or anything stupid like that.

        Go to http://www.sbrforum.com/betting-odds/mlb-baseball/ and click mlb to watch the baseball odds and get a nice side-by-side comparison of their odds. I am being super-obvious here, but the closer the +odds and the -odds are, the less you will lose betting both sides.
        Last edited by Chopsticks; 07-05-12, 03:53 AM.
        Comment
        • bb1235
          SBR Rookie
          • 07-05-12
          • 6

          #5
          Thanks for the help!

          What really irritates me about the situation is you basically have to opt out of the bonus. That's what a customer service rep told me initially. Even more annoying is that rather than have a blank space where you fill in your name and info, the area is black so in order to see what you write you have to highlight the black-on-black text to check for spelling. It really seems like a trap. I've tried fighting and explaining it to them but they won't budge. For a site with a less than stellar track record you'd think they'd want to keep their revenue generators happy. Their staff hasn't been helpful at all either.

          Is there a particular reason to bet the over on baseball games?
          Comment
          • HedgeHog
            SBR Posting Legend
            • 09-11-07
            • 10128

            #6
            BB, I wish I had your problems. With BOL's 10-cent baseball lines, you can complete your RO for a cost of much less than a hundred bucks. Find games that are as close to -105 as possible and bet both sides. If your max bet is 500, bet both sides for 525 to win 500. You'll split and lose $25, but complete $1000 of your rollover. Repeat and your down $50 with $2000 RO completed. Now your down to $250 RO left, so bet $131.25 to win $125 on both sides for a loss of another $6.25 and your RO is done. Total cost is $56.25---congrats!

            PS Over/Under and Run Lines are set at 20-cents, so betting these will, on average, cost you twice as much to complete your RO. Stick with the Money Line only as described above.
            Last edited by HedgeHog; 07-05-12, 07:22 AM. Reason: PS
            Comment
            • bb1235
              SBR Rookie
              • 07-05-12
              • 6

              #7
              Thanks again, I still end up a net loser on this bonus lol. Thanks BOL!
              Comment
              • hhsilver
                SBR Hall of Famer
                • 06-07-07
                • 7374

                #8
                Hedgehog, Are you saying he can bet both sides at BOL and have both bets count toward rollover?

                Can that really be true?
                Comment
                • HedgeHog
                  SBR Posting Legend
                  • 09-11-07
                  • 10128

                  #9
                  Originally posted by hhsilver
                  Hedgehog, Are you saying he can bet both sides at BOL and have both bets count toward rollover?

                  Can that really be true?
                  I don't recall any rule against playing both sides at BOL, but OP should read them to be sure. Most places have restrictions on how you use the free play, but not as much on the RO itself. If by chance there is a rule against this, the OP could break his $2250 RO down to 90 $25 plays. Sticking to 10-cent baseball lines, he would still lose on average $56.25, but there could easily be a swing of a few hundred bucks either way. He could cut the dollar variance down even more if he elected to do 225 $10 bets.
                  Comment
                  • ProfitBettingSov
                    SBR Wise Guy
                    • 07-04-12
                    • 619

                    #10
                    Bet both sides at the same book and you will get your dick kicked in. And rightfully so.

                    Deposit at 5Dimes or some other solid book, and arb is out like others have mentioned. And if you're willing to take 10% losses on arbs, then it should be very, very easy for you to find arbs for that.

                    I would recommend you deposit at 5Dimes because of their reduced juice, since that will help cut down your arbing losses/increase arbing wins.
                    Comment
                    • HedgeHog
                      SBR Posting Legend
                      • 09-11-07
                      • 10128

                      #11
                      Originally posted by ProfitBetting
                      Bet both sides at the same book and you will get your dick kicked in. And rightfully so.

                      Deposit at 5Dimes or some other solid book, and arb is out like others have mentioned. And if you're willing to take 10% losses on arbs, then it should be very, very easy for you to find arbs for that.

                      I would recommend you deposit at 5Dimes because of their reduced juice, since that will help cut down your arbing losses/increase arbing wins.
                      Why should a Book care if you bet both sides--especially if they're making a sure profit? Absolutetly nothing unethical about it. Two problems with your 5D arb solution. First he has to ante more money which he may not have. Second, by placing his offset action at another Book, only half his action will go towards BOL's rollover.

                      If I had 6k at BOL, I'd want to complete my RO asap and withdraw quickly. Losing $50-$100 there seems like a small price to pay to get out IMO.
                      Last edited by HedgeHog; 07-05-12, 11:38 AM.
                      Comment
                      • ProfitBettingSov
                        SBR Wise Guy
                        • 07-04-12
                        • 619

                        #12
                        So he's ran his $300 up to $6k, bets $1,125 on two opposite sides at -110 (thus covering his $2250 rollover), and only loses $102 and some change in the process. You think the book will take a profit for $100-ish and let him do that, or hope he completes that rollover by straight betting and loses it?
                        Comment
                        • HedgeHog
                          SBR Posting Legend
                          • 09-11-07
                          • 10128

                          #13
                          Even better, he puts $1125 on opposite sides of a baseball game at -105 lines and only loses $56 or so. If there's nothing in the rules about betting both sides (and why should there be?), it really doesn't matter what the Book thinks. Also, the fact that the OP ran his balance up to 6k in the casino should have no bearing on how he completes his sportsbook RO (why would it?).
                          Comment
                          • Monte
                            SBR MVP
                            • 08-21-10
                            • 2056

                            #14
                            Betting both sides to complete a rollover will work at NO book...
                            bet small like 100 bucks a game, chances are you won't lose much and baseball is a coin flip anyway, or if you are using other books play the other sides there..but never ever bet both sides at the same book and hope your rollover clears.
                            Comment
                            • HedgeHog
                              SBR Posting Legend
                              • 09-11-07
                              • 10128

                              #15
                              Originally posted by Monte
                              Betting both sides to complete a rollover will work at NO book...
                              bet small like 100 bucks a game, chances are you won't lose much and baseball is a coin flip anyway, or if you are using other books play the other sides there..but never ever bet both sides at the same book and hope your rollover clears.
                              Surprised to hear so much opposition to betting opposite sides of the same game. No Book has ever given me a problem with it. However, if such is the case with BOL, and this is one of the shadiest Books around, I agree he should simply make small bets with their 10-cent ML in baseball. As mentioned before, the OP could make 90 $25 bets and still expect to lose $50 or so with a few hundred dollars in variance either way.
                              Comment
                              • ProfitBettingSov
                                SBR Wise Guy
                                • 07-04-12
                                • 619

                                #16
                                It's nothing to do with a book being shady. Don't know of any books that would allow that, unless the line moved. Let me know what book allows it and I might deposit there.
                                Comment
                                • slash
                                  SBR MVP
                                  • 08-10-05
                                  • 1000

                                  #17
                                  Open an account at book B and bet both sides as several posters already said. You will complete your rollover in no time.

                                  And you have a 50% chance of reducing your balance at BOL.
                                  Comment
                                  • HedgeHog
                                    SBR Posting Legend
                                    • 09-11-07
                                    • 10128

                                    #18
                                    Originally posted by ProfitBetting
                                    It's nothing to do with a book being shady. Don't know of any books that would allow that, unless the line moved. Let me know what book allows it and I might deposit there.
                                    DSI most recently. They even let me do my free play with round robin 3-team parlays.
                                    Comment
                                    • HedgeHog
                                      SBR Posting Legend
                                      • 09-11-07
                                      • 10128

                                      #19
                                      Originally posted by slash
                                      Open an account at book B and bet both sides as several posters already said. You will complete your rollover in no time.

                                      And you have a 50% chance of reducing your balance at BOL.
                                      Unless you're working off a Bonus at Book B too, this will likely cost much more. With only 1/2 of his action going to BOL, he'll now have to wager $4500 at -Ev odds (instead of $2250).
                                      Comment
                                      • Justin7
                                        SBR Hall of Famer
                                        • 07-31-06
                                        • 8577

                                        #20
                                        Betonline has a lot of unique lines in MLB. If you are serious, check at 4am. Compare all their MLB MLs and Totals to Pinnacle. If you see Pinny offering -103/-103 on a game, and BO has +100, that is a good breakeven play. Same idea for totals.

                                        Another time to check is the 90 minutes before an MLB game starts, until it actually starts. Again, you are looking for small bets are prices better than what Pinny is offering. Put in a bunch of $100 bets, and you are likely to break even (or win small if you are very patient).
                                        Comment
                                        • Hankwins
                                          SBR MVP
                                          • 09-17-10
                                          • 2232

                                          #21
                                          I can't believe somone with a 6K bankroll($5700 profit)has an issue with a $2250 RO I'd love to have that issue.
                                          Comment
                                          • bb1235
                                            SBR Rookie
                                            • 07-05-12
                                            • 6

                                            #22
                                            I guess we'll find out in a couple hours as I put $50 on each side of the TX-CWS game I'll report back. Most of what you guys are saying is Greek to me. If they kick my dick in, as was so eloquently stated, I'll plead ignorance which is a somewhat legitimate. I don't want to piss them off more than I already have since it's quite profitable playing BOL. I know something shady is going to happen and I'm going to end up losing this money. I could open up an account elsewhere but I don't see any reason I would be particularly awful at picking baseball games.

                                            I'm really surprised BOL hasn't worked with me at all on this. I'm not getting any rakeback and have been playing pretty steadily for a couple days. Most places will cut you some slack but I guess BOL won't.
                                            Comment
                                            • ProfitBettingSov
                                              SBR Wise Guy
                                              • 07-04-12
                                              • 619

                                              #23
                                              Originally posted by bb1235
                                              I guess we'll find out in a couple hours as I put $50 on each side of the TX-CWS game I'll report back. Most of what you guys are saying is Greek to me. If they kick my dick in, as was so eloquently stated, I'll plead ignorance which is a somewhat legitimate. I don't want to piss them off more than I already have since it's quite profitable playing BOL. I know something shady is going to happen and I'm going to end up losing this money. I could open up an account elsewhere but I don't see any reason I would be particularly awful at picking baseball games.

                                              I'm really surprised BOL hasn't worked with me at all on this. I'm not getting any rakeback and have been playing pretty steadily for a couple days. Most places will cut you some slack but I guess BOL won't.
                                              Comment
                                              • bb1235
                                                SBR Rookie
                                                • 07-05-12
                                                • 6

                                                #24
                                                Well as in most things in my life I decided to avoid the advice of experts and just wing it. First day went well bet $600 won $750. Next day bet $100 on 10 games and lost every one. Every single one. Like a sick, twisted reverse parlay. You hear traders talk about how the most valuable asset wouldn't be the best investor in the world but the worst. Well maybe I'm the worst sports bettor. Then dropped another $500 before completing my rollover. So the rollover cost me $1350. Every game I had money was very close to the line but no I lose. Then stupid Matteo Massanero or whatever the hell his name is bogeys 18 and costs me $300.
                                                Comment
                                                • LostBankroll
                                                  Restricted User
                                                  • 02-10-10
                                                  • 4538

                                                  #25
                                                  what a fool
                                                  Comment
                                                  • jackj
                                                    SBR Rookie
                                                    • 09-27-10
                                                    • 4

                                                    #26
                                                    bb1235, what happened with the two-sided bet you did. Does the fact that you chose to do straight bets mean that it didn't reduce your rollover? Thanks.
                                                    Comment
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