Bonus and rollover are two terms that need to be understood in detail if you are planning wager on sports outcomes. Of course, it has everything to do with betting which is illegal in some countries, whereas it is part and parcel of the sporting world in other nations. Every year billions of dollars pass between the bookies and betters. Many people have taken sports betting as a profession and many are making a living out of it.
Before going into the nuances of the subject, let us try to understand how a bonus comes in handy for betting.
It refers to the number of times you will have to place a wager to become eligible to withdraw the bonusoffered by the bookie at the time of signing up. This can be illustrated best in the following example:
Suppose you were offered a bonus of 50% with a rollover of 5X, means when you buy for $250. So you have a bonus of $125 which is 50% of your investment of $250. Then your total purchasing power is $375. You are required to invest this $375 five times to be eligible to claim your bonus of $125 which becomes $625 when you have placed a bet five times. In short, you can withdraw the bonus after having waged a total of $1, 875.
Some sportsbookshave time limits along with additional requirements. So before finalizing the offer, it is always better to read the fine print and get a clear idea of all the terms and conditions involved in accepting the bonus.
Watch Out For
It is very difficult even for seasoned betters to select the most suitable sportsbook bonus. Some casinos in the UK like newcasinos-online offer bonuses without deposits. However, the user needs to ensure that he or she has any eligible bonuses. Be sure to check the total balance of bonuses you have to use and which all bonuses you are qualified to apply for.
How to use Bonuses?
Most bookies offer a sign-up bonus for choosing them over others when a user creates a new account. The amount varies according to the season and the website. This also encourages the new user to place their deposit for betting. Some bookies have also started offering a welcome bonus in addition to the sign-up bonus. But please know that all of these come with terms and conditions.
Receiving a Bonus
After choosing a particular scheme and the bonus that comes along, you will need to complete all steps of registration before being able to use the bonus. Then you can find the exact amounts available in "My Bonuses" or the relevant section.
Using a Bonus
The advantage of all online applications is that they do a lot of arithmetic for you. For example, you have a bonus and placed a bet from your wallet which does not include the bonus. However, the site automatically uses your bonus first and then only the remaining amount debited from your main wallet.
Gaining Winnings from Bonuses
Most bonuses have an expiry date before which they should be used. All of your winnings will be transferred to the main wallet so that you may place more bets or withdraw it for other purposes. However, settling any bets after the expiry of the bonus is a huge loss for the user as he or she will not be able to claim any bonus and winnings if any.
The Stake Is Less, Or More Than Bonus
If it is less, the bet amount will be deducted from the available bonus and whatever remains in the bonus account may be used for other stakes.
If it is more, the balance will be deducted from your wallet. In case your wallet falls short of the required amount, you will not be able to place your stake.
Bonus can be used only for placing bets. So if you have a balance in your bonus account and you want to withdraw it for other purposes, it cannot be done. But you can use a bonus for placing bets. Whatever balance is left in the main wallet can be withdrawn or used for placing a bet as per your wishes.
Alternate Payment Methods
As the online betting arenas have come of age, different payment methods are available to users. Bitcoin has become acceptable with many websites for registration and payments. Now some bookies are encouraging betters to opt for Bitcoin by offering a better incentive structure for paying in Bitcoin. The bonuses are offered at the time of sign-up and while topping up.
A person new to sportsbook bonus will need to take in to account a plethora of information before making any deposits. The same thing goes true for any re-ups too. There are many reliable portals offering the best of advice based on hard facts and data on which is a better bonus to choose from.