Jul 18, 2019 The rollover is the total money that a player must bet in order to meet the requirement to withdraw the winnings of a bonus granted. That is, if we have a rollover in x25 bets, it means that the. Bovada’s 50% cash bonus comes with a rollover of 5X in the sportsbook and racebook, and 30X with the casino. Bonus funds cannot be used for wagering on Live Dealer games. There is a maximum bonus.
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A no deposit sportsbook bonus is perhaps the holy grail of online sports betting promotions. Who doesn’t want the opportunity to win money without any risk?! The chance to place a free bet on your favorite sports team without depositing any of your own money is too good to pass up.
Let’s say that you deposit $250 to a sportsbook that is offering a 50% bonus with a 5x rollover. This means that you’ll have $375 to bet with, but can’t withdraw the bonus money until you’ve placed $1,875. Welcome bonuses at sports betting sites come with rollover requirements.That’s the name of the game. But what are they? And how can we best fulfill them? The rollover requirement represents the amount of times that you have to be through the bonus before you can withdraw any funds. The rollover is the total money that a player must bet in order to meet the requirement to withdraw the winnings of a bonus granted. That is, if we have a rollover in x25 bets, it means that the.
In this guide, we break down no deposit bonuses, how they work, who they are geared towards, and why they can be challenging to find.
Read on to discover the pros and cons of no deposit bonuses compared to other sportsbook promo offers.
What Is a No Deposit Sportsbook Bonus?
A no deposit bonus essentially allows you to “try before you buy” at an online sportsbook. All you have to do is sign up to place a free bet. If you win, you keep the winnings, subject to terms and conditions. If you lose, well, no harm, no foul. After all, you haven’t put up any of your own money yet.
The biggest difference between a sports betting site no deposit bonus and other risk-free bet offerings is that most risk-free bonuses require the bettor to make a deposit first, whereas a no deposit bonus does not (duh!).
So, why would an online sportsbook offer you the chance at free money?
From the sportsbook’s perspective, the bet (pun intended) is that win or lose, you’ll enjoy the experience on their betting website or mobile app and decide to stick around.
As we explain in the next section, you often need to continue using the site if you want to collect the winnings on your free bet.
How Does a No Deposit Bonus Work?
Like any other promotional offer at a sportsbook, no deposit bonuses are there to entice new customers. Taking advantage of these promotions is an easy way to grow your bankroll, but they all come with important conditions you should understand.
As a no deposit bonus does not require you to start with any of your own money, the process is straightforward. Simply sign up for an account with an online sportsbook, study the odds, and place your bet for the allowable amount(s).
Sometimes, the sportsbook will offer a no deposit bonus in the form of a single $10, $20, or $25 free bet. In other instances, the sports betting site may provide a series of smaller free bets, such as five $5 wagers. Multiple free bets let you try out both the site itself and various types of wagering.
It’s easy to think of a no deposit bonus as a way to place a free bet, withdraw the winnings, buy yourself a beer, and move on. Unfortunately, that’s not quite how it works. There is usually a waiting period and sometimes other requirements before you can withdraw any winnings.
Sportsbooks often implement play-through obligations on no deposit offers. Play-through conditions stipulate that in order to withdraw any bonus winnings, you’ll have to keep playing until you’ve wagered a specific dollar amount or placed a certain number of bets. This is also known as a rollover, and there is often a time constraint attached to it.
Other wagering requirements for no deposit bonuses may include:
- Stipulations on minimum odds (typically -200 or higher)
- Restrictions on which sections of your sportsbook you can use your bonus on
As with any sportsbook promo you choose, always read the fine print!
Who Are No Deposit Offers Geared Towards?
No deposit bonuses are very much geared towards new online betting app users and first-time bettors.
These promotions allow you to test out a betting site or app without making any commitments. That makes them particularly appealing to a casual or even diehard sports fan who has never gambled before. You can give sports betting a try without transferring any of your money out of your bank account.
Experienced sports bettors who are ready to deposit money into an online account may prefer other promotions such as risk-free bets, matched bet bonuses, and deposit matches. While these bonuses require you to make a deposit, they offer much bigger increases to your bankroll. Expect these offers to come with higher rollover requirements, though.
Just as line shopping is essential to finding the best odds, comparing bonus terms is key to finding the promotion that is right for you.
| Consideration | No Deposit Bonus | Deposit Match Bonus |
|---|---|---|
| Deposit required? | No | Yes |
| Typical amount? | Smaller (i.e. $10-25) | Larger (i.e. $500) |
| Typical rollover? | Lower | Higher |
| Waiting period? | Yes | Yes |
| Target customer? | New bettors | Experienced/frequent bettors |
How to Find No Deposit Bonuses at Sports Betting Sites
Sports betting sites offering no deposit bonuses are increasingly hard to find. Deposit match offers or risk-free bets are much more common in the industry today. However, most other risk-free bets require you to make an initial deposit to access the bonus.
No deposit bonuses are rare because the terms are highly favorable to the bettor. The sportsbook collects your contact information but does not hold on to any of your money.
That said, no deposit bonuses still exist. You’re most likely to find them when a sportsbook launches in a new market, as online operators seek to introduce sports betting to new bettors and attract customers early on.
Note that you may come across no deposit bonuses that are only accessible through a referral link.
Here are the best no deposit offers our reviewers could find:
| Sportsbook | No Deposit Bonus | Promo Code | Get Started |
|---|---|---|---|
| Caesars | $10 Free Bet | BETFREE10 | Sign Up |
| Unibet | 2x $10 Free Bets | Not Required | Sign Up |
Rollover Bonus Sports Betting Odds Week 2 2018
Disclaimer: Promotions change frequently. The examples above were current at the time of writing but may no longer be available.
Pros & Cons of No Deposit Bonuses
Rollover Bonus Sports Betting Odds Week
Each type of sportsbook bonus and promotional offer has its pros and cons. Here’s what you should keep in mind when considering no deposit sports betting bonuses:
Pros
- No deposit required
- Chance to win free money with truly no risk
- Test out online sports betting for free, with no commitments
- Fewer rollover requirements than other promotional offerings
Cons
- Smaller bonus amounts (typical range is $10 to $25)
- Usually require a waiting period before cashing out
- Can be hard to find
The Bottom Line
With so many online sportsbooks competing for your business, there’s no shortage of sign up promotions to take advantage of.
Sports Betting Dime is here to help you make informed decisions and find the online sports betting site that’s best for you. Our extensive set of guides to sports betting bonuses will help ensure you don’t leave any money on the table!
One of the first thing the players see when they visit the online sportsbooks is the big bonus offer for new customers. And while we believe that the free bets are among the best features of the internet sportsbooks, a condition of the bonus, namely the 'rollover', is not as publicized as the bonus itself, yet it also creates the most trouble for the bettor.
As you already know we visit many sports betting forums and blogs on a regular base to keep tabs on the sportsbooks and it's unbelievable how often people would complain about a sportsbook just because they did not take the time and read the terms and conditions of the bonus. Some of our readers may be tired of us constantly reminding people that they should read the fine print, but we do so for a reason. And today we will take an in-depth look at one of the most misunderstood aspects of the sportsbook bonus - the rollover.
Let's take the current bonus offered by the popular (and highly recommended) online sportsbook Bovada and use it as an example to show how the rollover works. By the way, you can see a full list of sportsbook promo codes here, if you want to further advance your knowledge of the topic or take advantage of any of the Bookmaker's offers.
Ira Rollover Bonus
For this example we will take their very basic bonus offer which is 10% on deposits of over $300 for those who have obtained just the Gold Level rewards. Among the conditions of the bonus we find the following: 'required rollovers are 3-time for 10%' as well as 'rollover required is on deposit amount only'. So what does this mean? In order to understand how the rollover works, we must first explain what is 'rollover'. In simple terms, it is the amount required from the player to wager before they can withdraw the bonus given to them by the sportsbook. Keep in mind that the amount should be wagered, not necessarily lost, so if you place $100 bet and it's a winner, you already have $100 worth of rollover acquired.
Using the bonus example above, let's say that we deposit the minimum for the bonus, i.e. $300. Reading the terms and conditions of the bonus we know that the rollover required is only on the deposit, in other worlds $300. Note that some sportsbooks will use deposit+ bonus, which in this case would be $330 ($300 deposit + $30 bonus). which clearly increases the rollover needed before the customer can withdraw the money. We also know that the rollover requirement is 3 times, which means that the bettor must wager 3 times the deposit before they can withdraw. Using a simple math: 3x$300=$900, thus a player must place $900 worth of bets before they can cash out. As you can see, once an example is used - it becomes very clear how the rollover works and why many people who did not read the terms and conditions could be confused when their withdraw is not approved because they did not meet rollover wagering requirements.
Every online sportsbook will have rollover requirements on their bonuses, but some could be different than the example we used. Some variations include the aforementioned deposit+bonus calculation of the rollover, instead of just the deposit. Other sportsbooks may have higher rollover requirements, while another group may have smaller (but those are used on cash-back bets only). And then we have the sportsbooks which use non-withdrawable bonuses, i.e. once the player reaches the playthgouth limit they can withdraw the winnings, but the bonus amount would be deducted from the withdrawal before it is made. Naturally we don't recommend people playing at those types of online sportsbooks, but you can see how easy it is for the player to be upset if they just assume, instead of reading the rollover requirements.
As to why the sportsbooks have bonus rollovers in the first place, most of you may have already guessed. If the sportsbooks did not put those requirements in place, people would simply deposit, get the bonus and then withdraw, pulling on over the sportsbook. Again, when it comes to the rollover: don't assume, read it!