How many times we see a great bonus on a new bookmaker and we think about opening an account with them? Often, but we have to look a little bit deeper and check what the rollover of that bonus is.
Often bonuses are offered for new people to invite them to open an account and make the first deposit. Normally you get a higher bonus on the first deposit because the biggest problem for bookies is to make you deposit the first time. After you did it once there is a good chance that you will keep doing it. For this reason, bookies start offering a very tempting bonus on your first deposit.
Always remember that bookmakers are not a charity organization, if they offer a bonus, a very big bonus, they are doing it for a reason: to make you open an account with them and deposit your money there. One thing that you don’t know is that attached to that bonus there is a rollover. Rollover is a very important part of a bonus. Something that looks like an advantageous bonus could instead be very disadvantageous for you and the other way around.
What is a Rollover?
So what is a rollover? For example, a bookmaker could offer a first deposit bonus of 20% bonus with 5X rollover. What does it mean? It means that if you open an account with that bookie on your first deposit you will have a 20%, but be careful there is always a maximum amount of bonus you can get. If you make a 100$ deposit you will get a 20$ bonus.
But you won’t be able to withdraw any money until you complete a 5x rollover from the deposit and bonus. This means that to get that money you will need to bet 600$ (120X5).
It’s very important that you check the rollover because sometimes it can be quite difficult to achieve it. For example, sometimes the rollover is 11 times the bonus this means that you’ll need a lot of bets and time to be able to withdraw that money.
Important: 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.
Bonus can be a trap
Bonus can be very tempting but remember to check the rollover, because a big rollover could tie you with that bookie for a long time and without the chance of withdrawing because you still didn’t reach the rollover requirement. Bookmakers obviously want to keep the clients playing and stay with them as long as possible.
For this reason, they offer a very interesting bonus tied with a very hard rollover, so that once you signed you cannot get out easy.
Tip: If you are planning on withdrawing shortly after your deposit you can accept no bonus to avoid the rollover requirement.