Rollover
What's a rollover?
In sports betting, a rollover refers to the number of times you need to wager or bet the amount of a bonus before you are allowed to withdraw your funds. It is a requirement set by sportsbooks to prevent users from immediately withdrawing bonuses as cash.
Rollovers are a standard part of bonus offers and are intended to encourage active betting. It's important to read the terms and conditions of any sportsbook bonus to understand the rollover requirements, as they can vary greatly between different sportsbooks and different bonuses. Always ensure that you are comfortable with the rollover requirements before accepting a bonus offer.
Rollover Examples
Scenario 1: Single Bet - Moneyline
Suppose you have a 100% deposit bonus with a 4x rollover requirement on the bonus amount. You deposit $100 and receive a $100 bonus, making your total balance $200 ($100 deposit + $100 bonus).
You decide to place a single bet on a moneyline event with odds of 2.50. You wager $50 on this event.
Potential Winnings = Odds* Stake = 2.50 * $50 = $125
Potential Winnings towards rollover: $125 – $50 = $75
Stakes towards rollover: $50.
In this scenario, the minimum between the stake and potential winnings is $50. Therefore, $50 will count toward the rollover requirement.
Now, calculate the total rollover requirement:
Rollover amount = Bonus * Rollover factor = $100 * 4 = $400
Since $50 of your single bet counts toward the rollover requirement, you would need to place additional bets to meet the remaining rollover amount.
Scenario 2: Multiple Bets - Over/Under
Now, let's consider a scenario where you place multiple bets. You have a 50% deposit bonus with a 6x rollover requirement on the bonus amount. You deposit $200 and receive a $100 bonus, making your total balance $300 ($200 deposit + $100 bonus).
You decide to place three separate bets on Over/Under markets with odds of 1.80. Your individual stakes are $30, $40, and $50.
Potential Winnings for Bet 1 = 1.80 * $30 = $54
Potential Winnings towards rollover: $54 - $30 = $24.
Stakes towards rollover: $30
Potential Winnings for Bet 2 = 1.80 * $40 = $72
Potential Winnings towards rollover: $72 - $40 = $32.
Stakes towards rollover: $40
Potential Winnings for Bet 3 = 1.80 * $50 = $90
Potential Winnings towards rollover: $90 - $50 = $40.
Stakes towards rollover: $50
In this scenario, the minimum between the stake and potential winnings is $24 for Bet 1, $32 for Bet 2 and $40 for Bet 3. So, $24 + $32 + $40 = $96 will count toward the rollover requirement. Calculate the total rollover requirement:
Rollover amount = $100 * 6 = $600
Since $96 of your multiple bets count toward the rollover requirement, you would need to place additional bets to meet the remaining rollover amount.
Scenario 3: Combination Bet - Parlay
Now, let's explore a scenario with a parlay. You have a 75% deposit bonus with a 5x rollover requirement on the deposit and bonus amount. You deposit $300 and receive a $225 bonus, making your total balance $525 ($300 deposit + $225 bonus).
You decide to place a parlay with three selections, each with odds of 2.00. Your parlay stake is $100.
Potential Winnings for Parlay = 2.00 * 2.00 * 2.00 * $100 = $800
Potential Winnings towards rollover: $800 - $100 = $ 700
Stakes towards rollover: $ 100
In this scenario, the minimum between the stake and potential winnings is $100. Therefore, $100 will count toward the rollover requirement.
Calculate the total rollover requirement:
Rollover amount = $225 * 5 = $1125
Since $100 of your parlay bet counts toward the rollover requirement, you would need to place additional bets to meet the remaining rollover amount.