Important Facts About Sportsbook Rollover

Betting Guide / Betting Help

June 28,2021
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Bruce Williams

Facts About Sportsbook Rollover

Every novice bettor should take care to know the sports betting-related terms. If you are starting in the betting world, you have most likely come across the term "rollover." There is great competition to attract customers among the large number of sportsbooks that currently exist. So, this leads them to frequently offer attractive welcome bonuses to attract as many customers as possible. These types of offers are subject to some conditions known as rollover. These conditions refer to the action that the user must take to withdraw the money. Next, we will show you what this means and what are the more important facts related to the sportsbooks rollover.

What Is A Sportsbook Rollover?

A rollover is a mandatory condition that bookies include in the bonuses or promotions they offer to users. This condition establishes the obligation to bet an amount of money X amount of times to withdraw the bonus and the winnings obtained using the bonus. The bookie determines that X value. Welcome bonuses are the most sought-after by bettors. This allows them to have additional resources to initiate their bets after registering in the bookie. Usually, these bonuses represent 50% of the initial deposit. However, behind that attractive bonus, you must meet requirements that vary depending on the bookmaker.

Key Facts About Sportsbook Rollover

A rollover is always expressed as a multiple, and each bookmaker sets its own multiple. These can range from 2X to 15X. Of course, as the rollover is higher, you will have to bet more money to withdraw your winnings. We can find, for example, a 5X rollover. In this case, to withdraw the bonus money and the profits generated, you will have to bet five times the amount you initially deposited to obtain the bonus. For example, if you deposited your first $ 50 and the bookmaker gives you a $ 50 gift bonus, you will have $ 100 available. However, to get them, you must bet $ 500 before withdrawing the money. Additionally, some bookies require a minimum number of bets to be placed before they release their winnings to bettors. Others set minimum odds for bets that generally start at 1.50.

Strategies To Comply With The Rollover

There are some good practices to follow to complete the rollover procedure. We will mention them below:

Read and understand the conditions well– It is important to understand the conditions each bookmaker establishes for their respective rollover. As mentioned before, only bets exceeding certain minimum odds may be valid for withdrawing the bonus. Likewise, there is usually a defined time to bet using the bonus given by the bookie. You must have in mind these requisites when betting.
Bet only on those markets you know– To release the promotional bonus balance, you must place your bets in markets that you know. This way, you will avoid making mistakes when predicting results.
Live bets are a good alternative– There are usually odds and opportunities to hit bets in live bets that allow us to release the bonus.

On the other hand, it is good to look at the sportsbooks' reviews and observe users' opinions. So, this will allow you to find the bonus with the best rollover conditions for you.

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