Question about rollover.

[Formula35]

I have a newbie question about roll-over. I hope this is the correct forum for such things. I was going to place it in the newbies section, but there dosnt seem to be much traffic in there. What exactly does roll-over mean. I was reading a review on Hollywood and it said your deposit must be rolled-over 5x before you can make a withdrawel. Does this mean i have to bet 5 times the amount I deposited. Like if i deposit $500.00 i have to place $2,500 worth of bets?? Or do i just have to place 5 bets?? Thanks in advance for any info.

 

[TTinCO]

You have to put your deposit amount (and often the bonus) into play 5x to be able to withdraw winnings and\or the bonus money.

So yes-you're on the right track with the $2500 conclusion

 

[Doug]

$500 with a 20% bonus = $600. $3,000 would be bare minimum of action, best to exceed that by a safety margin, call book before wd to verify ro terms are met.

 

[Formula35]

Thanks for all the info. Is this normal for sportsbooks?? I've used several books in the past and i dont think they had such policys. Seems to me it would encourage people to make smaller deposits which in turn, hurts the books profit margin. I mean i would be hesitant to deposit my normal $500-$1,000 in a book if i had to roll it 5x. I may be more apt to deposit only a couple of hundred so i'm not forced to play and play before i can cash out. But, books like Hollywood dont get rave reviews for nothing. So i'm sure its all good in the end.

 

[Hitman26]

Most books will let you withdraw early, but you will forfeit the bonus and have to pay all the transfer fees. Ask the book first.

 

[Santo]

If you know you don't want the bonus, you can have it removed, and only be subject to usual withdrawl requirements at most places..

 

[Doug]

Playing the bonus game is a huge value, only very large bettors should ignore that value, guys that bet multi-dimes and are big winners. Every book I know of will let you cash out, if you forfeit the bonus, except maybe Royal.

 

[Formula35]

Now i got it!! So most of these books dont actualy forbid you from WD your money. You just loose you bonus cash if you do. That makes sense and seems fair. Thanks for all the replies.

 

[Doug]

some books will allow you to withdraw winnings and retain bonus, also ! It's a win-win situation.

 

[sherman]

$500 with a 20% bonus = $600. $3,000 would be bare minimum of action, best to exceed that by a safety margin, call book before wd to verify ro terms are met.

why?

 

[Doug]

why?

Sherman: The safety margin, extra roll-overs, etc., are a courtesy measure. You don't look like a total bonus whore if you give them a little extra action.

Action may be computed on risk or win amounts. Always advisable to exceed bare minimum requirements to retain your bonus, less likely a book tries to fuck you over if you 8X instead of 5X required. A good rule of thumb when dealing with some idiot clerk at a lesser book.