What’s a Rollover?
MyBookie applies rollover to all bonuses. Rollover is a preset amount of bets that you must place before you can withdraw.
In simple terms, this means that when you receive a bonus, you must bet (or rollover) the bonus cash and deposit that you receive a set number of times, before you can turn it into real cash and withdraw it.
Very important information:
- Sports Bonuses must be rolled over in the sportsbook. Casino bonuses in the casino. Casino action does not count towards sports rollover, sports action does not count towards Casino rollover. If you plan to only play in the Casino, don’t take a sports bonus. If you plan to only play in the Sportsbook, don’t take a casino bonus.
- Sports rollover is accumulated based on the win amount when you bet a favorite, and the risk amount when your bet is at plus odds (more on this below). If your wager happens to lose, you’ll get full credit towards rollover for the risk amount.
- If you take a bonus when you have a balance or pending wagers, you will stack your rollover requirements one on top of the other. Meaning, you will add additional rollover requirements that have to be met before a withdrawal. Please keep this in mind when taking reload bonuses.
- If you do not want to deal with meeting the rollover requirement, don’t take a bonus. If you are reading this page and now realize you don’t want to meet rollover, we can remove the bonus from your account so long as you haven’t used it. If you have used the bonus, you must meet the rollover requirement to withdraw.
How Rollover is calculated
When your wagers settle, your contribution to your rollover requirement will be calculated based on the results.
Rollover = Deposit Amount + Bonus amount multiplied by the rollover. This is all displayed when you make a deposit and activate a bonus. As an example, if you deposit $100 and receive a $25 bonus, with a 6x rollover, you need to place: $750 in wagers before you can withdraw (($100+$25) x 6).
How do my wagers count towards rollover
For winning wagers rollover is accumulated based on the lower of risk or win amount. Meaning, if you bet on a favorite (-101 odds or more), your win amount is what counts towards rollover. If you bet $100 at -1000 odds, you get $10 counted towards your rollover. If you bet on an underdog (+100 or lower), then your risk amount is counted. If you bet $100 at +200 odds, you get $100 counted towards rollover.
If your wager happens to lose, we will count the full risk amount regardless of the odds attached; meaning that $100 bet at -1000 odds will count as $100 towards your rollover requirement, should it lose.
All wager types count towards rollover: Straight Bets, Parlays, Teasers, Round Robin, If-Bets.
** Casino, Horses and Props Builder bets do not count towards the rollover from Sports bonuses
Why is this so complicated?
MyBookie has the easiest rollover requirements in the industry. Some sportsbooks restrict what sports and markets count towards rollover. Some don’t give you the bonus up front. Some won’t let you access remaining bonus funds if your account goes to zero. Some only give you the bonus if you lose your first wager.
The current MyBookie 50% signup bonus vs an unnamed Sportsbook with a 20% Signup Bonus.
Both MyBookie and the unnamed Sportsbook give a bonus of $100. While MyBookie does have $500 more in rollover, you have to deposit $300 less to get it. MyBookie lets you earn your rollover on every bet that you place, whereas the unnamed Sportsbook restricts wagers that count towards rollover at -300 odds or less. MyBookie gives you the $100 bonus immediately, where the unnamed Sportsbook gives you $1 in bonus money for every $25 placed. At MyBookie, if your balance somehow gets to $0, you can still use the full $100 to get back in the profit; at the unnamed sportsbook, you can not use or access the bonus once your cash balance goes to $0.
We’ll leave it up to you to decide which is better, but before you do, take in to account that the $500 less rollover you have to do at the unnamed sportsbook is full of hidden terms and conditions. Is it really $500 less or does it just appear to be?
How can I tell how much rollover progress I’ve made?
Just click your name on the top right of the screen after you’ve logged in. Look for the bar called “Rollover Progress”. If that bar is fully green, you’ve met rollover. If it isn’t, you need to place some more bets before you can withdraw. To refresh the value, click the refresh button.