There are ways to increase your bankroll when it comes to sports betting, however, there are often strings attached to being able to do so. In most cases, sportsbooks require a play-through before you’re able to withdraw your bonus, this means that you need to bet a certain amount before you can access the bonus.
Regardless of your sportsbook, there’s always a minimum requirement associated with bonuses, which is to be expected considering the fact that they can increase your bankroll quite substantially.
In some cases, there are time limits associated with the bonuses while others may require an initial deposit. There are even some sportsbooks that use jargon and complexity to confuse matters and make it difficult to access the bonus unless you know what you’re doing.
Play-through or rollover is a condition associated with your bet. For example, placing a $250 bet on a sportsbook with a 50 percent bonus and five times rollover will give you $375 to bet. However, you can withdraw it until you’ve placed 5 bets to the value of $1,875. Therefore, you need to “play through” until you’ve placed the 5 required bets. As you can see, there’s a lot of work that goes into achieving a betting bonus.
Sportsbooks can even take this a step further and impose a time limit related to when the bets need to be placed. If you do take on a bonus with a time restriction, try to ensure that the timeline is something that you can work with and that it isn’t forcing you to place random bets in an attempt to achieve the bonus. For example, if you are betting on a football game, make sure that there are enough upcoming games to meet the bet requirements.
Always read the fine print before trying to access betting bonuses, while they may seem like a quick way to make money, that is not always the case. It will also differ amongst sportsbooks, so it’s always best to understand what you’re signing up for before committing.
Potential bonus restrictions
While there are the usual deposit and time restrictions, there are several other requirements available that can include:
- Not being able to withdraw the money within a certain period of time
- It’s only available for a select range of bets
- Only having access to one bonus at a time
- Certain odd requirements to meet the turnover requirement
Don’t be blinded by smoke and mirrors
While the idea of a bonus and amplified winnings can be alluring – there’s a reason for this. These bonuses have been created by sportsbooks looking to make money. A bonus can be advantageous when you win and are able to access it, but it can also be more effort than it’s worth depending on the requirements.