When opening an account with your favorite online Sportsbook, many times you’ll receive a signup bonus — a promotion to attract new customers. However, withdrawing that bonus cash may take some time as sportsbook have what’s called a betting rollover — also known as wagering requirements. Bettors must wager a predetermined amount set by the sportsbook in order to unlock the bonus money.
Bonus Wagering Requirements
While reaching the rollover requirement seems like a daunting task for some, it can be easily surpassed if bettors are making wagers regularly. For instance, a roller of 10X means you must place bets 10 times the bonus amount. If you were to deposit $250 into your account in which a sportsbook was offering a 40 percent signup bonus and he rollover requirement was 10X, then you’d have to place $1,000 in wagers before you can request a withdraw. Both wins and losses count toward the rollover requirement — meaning bettors would have to place just 10 $100 wagers in order to unlock the bonus cash.
Every sportsbook has different rollover requirements. Bet365 rehires bettors to rollover your deposit and bonus 3X, which must be met in no more than 90 days before making a withdraw. Bodog’s rollover requirement is 3X per dollar on both the initial deposit and the free bet among.
How do wagering requirements work?
Customers are enticed by signup bonuses offered by online sportsbooks. However, betting rollovers are put in place by sportsbooks to ensure customers don’t take the bonus money and run after making their first deposit. It is something a person should know and understand before embarking on their online sports betting journey.