You’ve just deposited into a new sports betting account and you’ve claimed your sign up bonus. Now it’s time to get familiar with betting rollover, also known as wagering requirements. Eventually, you will want to be able to withdraw that bonus money, but you must first fulfill the rollover betting requirement. A rollover requirement is a predetermined threshold that you must meet to unlock the bonus money that is attached to all bonuses.
Bonus Wagering Requirements
It isn’t difficult to fulfill bonus wagering requirements, though it can take some time. Each and every sportsbook and bonus has its own rollover requirement and is expressed as a factor of the bonus amount such as 10x. A rollover of 10x means you must place bets equally 10 times the bonus amount. Suppose you deposit $250 at a sportsbook offering a 40% sign up bonus. If the rollover requirement is 10x you will have to place $1,000 in bets before you can request a payout.
You might think that this sound difficult to meet before you exhaust all the money in your account. But both wins and losses count toward the rollover. You have to simply place $1,000 in bets – win or lose. This would mean that you have to place 10 $100 bets to unlock the bonus for withdraw.
How do wagering requirements work?
Sportsbooks offer generous bonuses to entice players to place bets at their website. To ensure that bettors don’t take the money and run, they have set up requirements that the bettor must fulfill to unlock the money. This is just one more detail to research prior to opening a sportsbook account and depositing funds.