What Is a Rollover in Betting?
While many people might think of the lottery when they hear the term rollover, it’s also used when talking about betting bonuses. Many of these bonuses come with terms and conditions that must be met before you can withdraw the money, and “rollover” is one of those conditions.
In this article, we’ll explain exactly what a rollover is in betting, and why you should be aware of it when redeeming a bonus.
Definition of a Rollover
A rollover is more commonly known as a wagering requirement, and it’s the number of times the bonus money must be “played through” before it’s eligible for withdrawal.
For example, if you receive a $50 welcome bonus at a sports betting site with a 3x rollover amount, you must wager $150 before it becomes eligible for withdrawal. Betting with bonus money to make it eligible for withdrawal is called rollover betting.
If you lose all your bonus money before you meet this requirement, you won’t make any money with the bonus.
Why Do Sportsbooks Have Different Rollover Amounts?
Sportsbooks implement these rollovers to stop people from immediately withdrawing any bonus money they’re given. The amount of rollover required reflects the amount of money the casino/sportsbook is looking to give away with its bonus offer.
🔹 The higher the rollover requirement, the less likely it is that you will have money left by the end of it, meaning there’s less “real money” lost by the casino.
🔹 You’ll find that the majority of sportsbooks have generous rollover requirements, with the requirement usually being 1x the bonus amount. This means that if you’re given a $10 bonus, you just need to bet $10 to be able to keep the profits. However, some sites have much higher rollover amounts, with some requiring a 30, 50, or even 100x rollover before your bonus is eligible for withdrawal.
🔹 You should always read the terms and conditions of a bonus before you claim it, just in case it has one of these excessive rollover requirements.
Also Learn About How Sports Betting Bonuses Work
The rollover amount will also depend on the type of bonus it’s attached to.
🔸 If a sportsbook offers you $10 in bet credits, you don’t need to bet the full amount before you can with withdrawable money.
🔸 If you were to bet $5 of your bet credits and win, the profit you make is eligible for withdrawal.
Learn All About How to Claim Your Betting Bonuses
Betting Rollover Explained
Let’s look at some real-world examples of rollovers to see how they affect you as a player.
🎲 The first one we’ll look at is an online sportsbook with a bonus offer of $10 in bet credits if you make a $20 deposit. These bet credits have a rollover requirement of 1x. A smart sports bettor would make the deposit, claim the $10 in bet credits, and withdraw their initial $20, so they’re only betting with the sportsbook’s money.
With bet credits, you can decide to bet the whole thing once or spread it out over multiple bets. If you were to bet the whole $10 in one bet, you would either lose your bonus or win the profit from your bet. If you win, the profit you make is eligible for withdrawal, as you have met the 1x rollover requirement.
The same thing applies if you split the bonus into five bets of $2 each. You win and get to withdraw the profit you make on each $2 bet, but you get nothing if you lose a bet. This is because the 1x rollover requirement is applied to each bet you make, not the $10 as a whole.
If it were applied to the $10 as a whole, then you would need to make a total of $10 in wagers before any money became eligible for withdrawal. However, there are some sports betting sites out there that have high wagering requirements on their bonuses.
🎲 Our next example is a site that has a $10 bonus if you deposit $20, but this time the rollover requirement is 20x.
This means that if you were to get a $10 bonus, you’d have to wager $200 before it became eligible for withdrawal.
The odds are that you’ll lose your bonus money before you reach that wagering requirement, which is exactly what the site wants.
Do you know the all Types of bonuses?
How to Find Rollover Requirements
The rollover requirements for bonuses are often hidden away in the terms and conditions. This is why it’s extremely important to read these before you try to claim any bonus.
There’s nothing worse than depositing money to claim a bonus, only to find out that the bonus has a ludicrously high rollover amount that you’re never going to make.
Tips for Dealing with Rollovers
Having to work around a rollover is never fun, but we’ve got some helpful tips to help you maximize your bonuses – even in the face of a big rollover amount.
Why You Should Be Aware of the Rollover in Betting
You need to be aware of the rollover because it impacts your chances of making real money with your bonuses. If you have a rollover amount of 1x, you immediately get to keep all the winnings you make from your bet.
However, if you have a 35x rollover amount, you’ll need to get extremely lucky to be able to make any withdrawable money.
What is a Rollover in Betting – FAQs
