Well my friends, what can I say about the rollover, there are many variations, definitions and ways of seeing it, that most of us, and most of all the first time players, need to understand the concept to be able to appreciate the way it works. |
As I wrote in a previous article about smart bets, and how, gamblers can change the way they play to win more and increase profits in betting by having discipline and knowledge of whats going around with the teams, injuries, stats and more that will let you turn the odds in your favor by seen the gambling as a long term investment, not just a game.
The most important thing that you need to know about online sportsbook. bonus its the amount of rollover they have in order for you to cash out the winnings, and that is the common problem all gamers have when they bet. The bonus is a percentage given by the company for new (or constant) deposits as a house courtesy and the rollover is the deposit plus the amount given by the bonus that requires to be multiply by the rollover number of times depending on the particular bonus plan.
Lets take a look at an example:
I'm a new customer of an online sportsbook. (we are going to use http://www.jazzsports.ag for this one), and I open a new account, the minimum amount of cash deposit for me to get the house bonus its $100.00. As a new customer, they offered me a great bonus (additional cash) of 20% (hypothetical, most you can get for $100.00 its 10%, but you always can negotiate) I can use to bet on my favorite picks and be able to make more winnings, but (and this is the most important part) you need to be careful and listen to the customer service agent of the online sportsbook (please) saying ¨Sr, and the bonus has a 3 times rollover” (most common rollover in the industry of the online sportsbooks).
Now lets do the math with another example.
So I deposit $100.00 on my online sportbook account, then as soon its confirmed I check it and I have $120.00 ($100 + 20% bonus), so the account its ready for some online sportsbook action, all right then, so I go to check the lines (remember be smart), check the odds (or the juice) on the pick I want (you can choose from pointspread, totals and moneylines and more here) and I place the bet. If I pick Philadelphia Eagles – 3 -120 (pointspread, this means that they have to win for more than 3 points or I loose the bet) I will risk $ 120.00 to win $100.00, and then we wait for the result of the match.
So lets say I win the bet, go back to the online sportsbook account, after enjoying the match knowing I made some additional cash to spend and I have a balance of $ 220.00 that I want to cash out, well let me tell you something, you will not be able to do it, and you may wonder why, and its because of the rollover amount that I haven't cover yet, that according to my initial deposit and my online sportsbook bonus multiply by 3 times its a total of $ 360.00 and I have only rollover after my initial bet $120.00, so Im still short $ 240.00.
Many people will say, but why I cant cash, that's my money, why are you holding my winnings, but that its not true, you agree to the rules so its very simple, you need to play by online sportsbook. rules, and don't worry, you will do fine, all you need to do its think carefully, make an smart pick and I'm sure you will be able to rollover the amount and enjoy more cash than the $360.00 you just won, and if not, well then you will start to gain some experience and by the next time you will be a great gambler.
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