Rollover Requirement
You have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA. The IRS may waive the 60-day rollover requirement in certain situations if you missed the deadline because of circumstances beyond your control. Rollover (also called wagering requirement) is a common term among online casino players. When a player receives a welcome bonus or a weekly bonus, this is likely one of the first things they’ll see in the terms and conditions. Rollover requirements (no bonus claimed) All deposits made without claiming a bonus carry a standard one-time rollover. For example, if you deposit $500, you would need to make at least $500 in qualifying bets before withdrawing. For calculating your rollover, please consider the following.
- Rollover Requirement Betting
- Rollover Requirement Mybookie
- 60-day Rollover Requirement
- Rollover Requirements
At first glance, bonuses offered by sportsbooks can appear to be enormous. A typical bonus might a 100% match on your deposit up to $500. These bonuses can be great if you frequently gamble, providing you free betting money. However, if you only place wagers once or twice a week, you might not be able to meet the requirements to justify accepting a 100% bonus. A bettor who gambles once or twice a week might be better suited for a 25% match, or a $20 free bet.
What are Rollover Requirements?
Rollover requirements are requirements bettors MUST fulfill before they can withdraw bonus money. Each type of bonus has different terms and conditions, which you should examine before accepting.
Rollover Requirements
Rollover requirements are instilled by sportsbooks to ensure bettors can’t receive a bonus, make a few small wagers, and withdraw more money than they deposited with the bonus. Rollover requirements for sports betting often range between 1X-10X, with some extreme requirements going all the way up to 15X. Let’s say you deposit $100 and receive a $50 bonus with a 5X rollover. Before you can withdraw the $50 in bonus funds, you have to wager $750 (($100 + $50)x5). Clearly, the $50 bonus is a lot harder to obtain if you don’t bet frequently.
This table gives you an idea of how much you will have to wager before withdrawing your bonus at multiple rollover rates. We will assume each deposit made is $100.
Rollover Requirement Betting
| Bonus Percentage ($100 Deposit) | Bonus Account | Bonus Withdrawal with 1X Rollover | Bonus Withdrawal with 3X Rollover | Bonus Withdrawal with 5X Rollover | Bonus Withdrawal with 10X Rollover |
|---|---|---|---|---|---|
| 25% Bonus | $25 | (100+25)x1 = $125 | (100+25)x3 = $375 | (100+25)x5 = $625 | (100+25)x10 = $1,250 |
| 50% Bonus | $50 | (100+50)x1 = $150 | (100+50)x3 = $450 | (100+50)x5 = $750 | (100+50)x10 = $1,500 |
| 100% Bonus | $100 | (100+100)x1 = $200 | (100+100)x3 = $600 | (100+100)x5 = $1,000 | (100+100)x10 = $2,000 |
Rollover Requirement Mybookie
As you can see, rollover requirements can make obtaining a bonus quite the challenge.
Other Terms and Conditions
Most sportsbooks have restrictions on their bonuses. Common restrictions include:
- Odds that count towards the bonus – Sportsbooks often will not count odds that are -300 or more towards a rollover requirement, since the teams involved are heavy favorites.
- Time limits – Some sportsbooks will give you an allotted timeframe to roll over the bonus.
- Eligibility – Most sportsbooks offer casinos and poker as well as sports. Often, bonuses are only applicable for sports, and casino money wagered will not count towards the rollover. When casino money does count, it is typically at a much higher rollover rate.
- Withdrawal limitations – Sometimes sportsbooks will not allow you to withdraw money if you have accepted a bonus within the past 30 days.
- One bonus at a time – Sportsbooks might limit you to one bonus at a time.
- Bet type – Some bonuses might not be eligible to use on certain types of bets, such as futures.
No Bonus Requirements
60-day Rollover Requirement
Some sportsbooks will require a 1X rollover requirement on all deposited funds before a withdrawal request can be made. It is essential to look for this if you aren’t sure how much you want to wager on a deposit. These general rollover requirements are usually hidden in the house rules or deposit pages of a sportsbook. I have done my best to outline all of them in the sportsbooks we review on Moneyline. Some sportsbooks have a general 1X requirement for all deposits made, regardless of deposit method.
Rollover Requirements
In conclusion, bonuses are a lot of fun to receive. Whenever I get an extra $50 to wager, it encourages me to lay some action down on props I might normally bet on. At the end of the day, you and you alone are responsible for reading the terms and conditions of each bonus. Check out our Guides Page to see where sports betting stands in your state!