Today I want to dispel a few of the myths surrounding sportsbook bonuses. Deposit bonuses are one of the most common ways that online sportsbook market to new depositors.
They're actually a great little perk, but there's always conditions associated with them. You need to be aware of the conditions going into it, to make sure that you're ready to receive your bonus. The first one that a lot of people ignore, is called "roll over" Take the example where you deposit $200 you have a 100% matching bonus, essentially have four hundred dollars in your account, but to gain access to that $200 you're gonna have to bet through or roll over your original deposit at least three times. This is dependent on the sport book but let's say best-case scenario you're gonna have to bet six hundred dollars to get access to that other two hundred dollars. There's another important condition put on that. You're going to have to do it over the course of, on average, 90 days or three months to bet through that amount. This leads to a condition that really is a problem in sports betting and with this marketing method, in that, if you don't satisfy these two conditions they're gonna claw your bonus back after 90 days. It really surprises a lot of people and lead to a lot of people to accuse sportsbooks of "stealing their money". The most part these cries are actually just people that didn't understand the deposit bonus to begin with. It's a bit of a headache for this sportsbooks and I don't know why they put up with it, but it is a condition of their marketing https://www.casinoslots.co.nz/skrill. The other really important condition is that you cannot place a whole bunch of bets on really really high favorites. Essentially, on average, you have to have to bet on odds less than -200. -200 is still a pretty heavy favorite but that's best case scenario. It doesn't look so bad when you look at the implied probability, which is 66.6% but because you have to bet through your original deposit...Let's say three times... It's the equivalent of a parlay -200 dogs three times. That changes the outcome a little bit. The likelihood of hitting a three-legged -200 parlay is 29.6 percent.The good news is that's not an insurmountable amount but that is the best possible outcome that you can expect.A little less than thirty percent of the time are you going to be able to access this bonus. That's based on making sure that the bet that you place gives you the most advantage. My advice is when you're choosing a sportsbook, and when you're taking advantage of the deposit bonus make sure that you understand all the conditions that are going to apply. Come up with a plan on how you're going to satisfy those conditions.It is your money and you want to get access to it. You don't want any surprises. The other side of it is, if you take a look and you still want to deposit, but you don't think that you can satisfy the conditions, reach out to the sport book they'll actually remove the bonus from your account so that you don't get in any trouble. There's no confusion there's no claw back after after 90 days should you not be satisfying. You can also preserve that bonus for another deposit in the future and use it again when you're prepared to go through that that amount of money. Enjoy depositing to various sportbooks but make sure that you understand the bonus situation. Don't count your money before you earn it.
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