Are you new to gambling on sports and you don’t know what does rollover means in betting? Similar to online casinos, sportsbooks also offer attractive deposit bonuses. And as a punter, you should take advantage of them. But before you claim it, you must first understand how rollover betting works.
However, sports betting bonus often comes with terms and conditions. And, you should be aware of the sports betting bonus rollover before you sign up and claim the incentives.
Gambling rollover exists so that you can’t cash out a free-money deposit bonus right away. Yet, some rollovers are predatory. So, if you’re not careful, you’ll never see and enjoy the bonus money.
What Is Rollover In Betting?
A sportsbook rollover is the amount of money you must wager to withdraw any wins from a sports betting site. Sportsbook bonuses are a terrific method to boost your bankroll, and it’s easy to see why.
Let’s say you deposit $200 and get a 10x rollover bonus. It means you’ll have to wager $2,000 to see your money.
It appears to be acceptable because you probably make a deposit at that sportsbook to wager, not to win once and then go. However, if you do the math, you’ll see that the bonus money may never be seen.
Rollover betting requirements sometimes hide deeper in sportsbooks’ terms and conditions. Thus, leaving new bettors uninformed that they are not getting a fair deal. In addition, it is not as straightforward to figure out what restrictions and conditions you must meet before you can withdraw these bonuses.
Sportsbook Online Bonus
Every incentive offered by an online sportsbook comes with a set of wagering requirements. It can be in a form of an initial deposit bonus, a free bet bonus, or something else.
Understanding the finer points of these bonuses, like play-through requirements and time constraints, can be difficult. Oftentimes, sports betting sites use complex language to hide the difficulties of redeeming these offers.
This is where we can help.
Continue reading to learn all about the subtleties of your sports betting bonus in plain English.
What Are Sports Betting Bonuses You Should Look For?
Although sportsbook bonus offers to vary each betting site, there are a few common examples that may be found at practically any large provider.
The following are some of the top sports betting bonuses:
- Sign up bonuses
- Match Deposits
- Risk-free bets
- No deposit bonuses
- Free bets
- Parlay insurance
- Boosted odds
- Reload bonuses
In sports betting, what does the playthrough requirement means?
To start, “playthrough” and “rollover” are two phrases that sportsbooks use interchangeably.
An example may be useful in learning what these terms mean.
Let’s say you deposit $250 at a sportsbook that offers a 50% bonus with a 5x rollover requirement. This means you’ll have $375 to wager. However, you won’t be able to withdraw the bonus money until you’ve wagered $1,875.
Amount need to wager = ((deposit amount + bonus money) x rollover requirement)
((250+125)x5) = Amount need to wager
375 x 5 = Amount need to wager
1,875 = Amount need to wager
Therefore, the amount you need to wager before you can withdraw the bonus money = $1,875
Take note that sportsbooks are calculating the rollover betting requirements and the bets that contribute to clearing it in different ways. Therefore, you need to carefully read the terms and conditions attached to the sportsbook bonus.
What Does 1x Rollover Mean?
Let’s take a look at an actual promotion from WClub, which features a 1x rollover. That’s the most reasonable offer you’ll get.
If you deposit $100 and receive a $100 bonus, all you have to do is wager $100 to receive the bonus. It’s merely 1x the first deposit.
So, if you’re wagering $20 every game, you’ll have to place five wagers before you can cash out.
With a 10x rollover, though, you must wager $1,000 before cashing out.
Odds Restrictions On Sportsbook Rollover
For losing bets, some sports betting sites in Singapore credit you with your risk amount… And for winning bets, the lesser of the risk or win amount. This means that if you wager $10 on the Patriots at -110 and they lose, you’ll get $10 towards your rollover requirement. But, just $9.09 if they win.
In addition, you can some bonuses can only be used on bet lines with specific odds above or below them.
To clear the rollover, most bookmakers prohibit betting on heavy favorites. So don’t be shocked if you have to gamble more than even money to meet the criteria for a rollover. If you have to bet at odds greater than 2/1, it’s probably not a decent offer.
Time Limits Restriction On Rollover Betting
Another aspect to watch out for is a time limit on rollovers. Placing incorrect bets in a rush to achieve some arbitrary criterion is a sure way to lose money. Before taking a bonus with a time limit, figure out how much you’ll need to gamble per week to achieve the criteria. Also, see if it makes sense for the method you want to gamble.
Other Rollover Online Betting Requirements
Aside from the wagering requirement, there are sometimes additional restrictions on what markets you can bet on. Let’s look at the example below.
- After accepting a bonus, many sports betting sites do not allow punters to withdraw from their accounts after 30 days.
- Accepting sports betting bonuses almost always involves clearing it in the sportsbook. Sometimes, you may be able to clear it at the casino or racebook. However, bonus clearing in the poker room is almost probably prohibited.
- At most sportsbook betting sites, you can only have one active bonus at a time. Therefore, you cannot receive another bonus or accept another bonus offer… Until your prior bonus rollover has been completed or your bonus offer has expired.
- To be credited towards the rollover betting requirement, bonuses must typically be cleared at odds of -200 or less. This is done to prevent gamblers from placing several wagers on huge favorites to meet their rollover requirements.
- Furthermore, clearing bonuses in the sportsbook may be limited to specific markets or wager types. For example, you might not be allowed to use live betting markets or betting propositions to clear your bonus.
Rollover Betting Requirements FAQs:
Are Rollover Requirements Required For All Bonuses?
Certainly not. A few notable exceptions can be found. The first is poker rooms, which we’ve already mentioned. There is no hard rollover requirement for many poker room bonuses. We use the term “hard” loosely here because you still have to play to unlock winnings, but instead of hard money, it’s measured in “points.” Explaining this can be difficult, which is why we recommend carefully reading the terms and conditions.
Can I Check The Status Of My Rollover Betting Requirements?
Well, this depends on the sportsbook that you are using. Many sportsbooks now strive for complete transparency. Thus, they have a separate section displaying gamblers’ rollover status. You can speak to customer service at the sportsbook if you’re not sure where to look for the rollover status.
Can I Bypass The Playthrough Requirement?
Some people claim that by placing many modest bets or utilizing different betting sites, you can avoid the rollover requirement. It’s crucial to understand how rollover requirements function before deciding if they may be circumvented. Also, the rollover betting requirement is a mechanism for a bookmaker to ensure that you will gamble both the bonus and your initial deposit. If you win, you’ll have a better chance of meeting the bonus’s terms and conditions.