Rollover Requirement
- 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.
- In general, an eligible distribution from an IRA or workplace retirement plan can only qualify for tax-free rollover treatment if it is contributed to another IRA or workplace plan by the 60th day after it was received. In most cases, taxpayers who fail to meet the time limit may obtain a waiver by requesting a private letter ruling from the IRS.
If you accept a MyBookie Bonus, whether free play or cash, you will be required to meet a “rollover requirement” before submitting your payout request.
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.
To learn how to conveniently check the rollover progress bar in your account menu click here.
The rollover requirement is a set amount of action, based on your deposit plus bonus, that must be achieved before withdrawal. Without the requirement, players could deposit, receive the bonus and immediately withdraw.
If this were the case we could not offer the world class bonuses which we do. The rollover on a standard MyBookie bonus is 10x the deposit amount plus the bonus.
ExampleA: You deposit $100 and receive the 100% sign up bonus with a ten time rollover
Deposit | Bonus | Rollover | Rollover Requirement |
$100 | $100 | 10 x | $2000 |
What this means is you must place $2000 in total action, regardless of winning or losing the wagers, to meet the rollover requirement and thus be eligible for a withdrawal.
ExampleB: You deposit $100 and receive the 25% reload bonus with a five time rollover
Deposit | Bonus | Rollover | Rollover Requirement |
$100 | $25 | 5 times | $625 |
As you can see, the rollover requirement varies based on the size of the bonus you accept. As a general rule, the lower the bonus percentage, the lower the rollover.
Please note that only the lowest amount between the risk and the win counts towards your rollover requirement.
For instance:
KC Chiefs (-110) $110.00 to win $100.00. $100.00 would be applied towards the pending rollover and not $110.
If you are planning on withdrawingshortly after your deposit you can accept no bonus to avoid the rollover requirement.
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