Sportsbooks often provide bonuses to customers as a reward for opening up a new account with them or for putting more money into their account. Many sportsbooks will place an extra 10 to 20 percent into an account after a person makes a deposit as a bonus. This is free money in the sense that you will be able to use it to bet. But that doesn’t mean that you can just pull out your money and reap the rewards.
Almost all sportsbook bonus programs have what are known as rollover requirements designed to keep bettors from taking advantage of the system. A rollover requirement is the number of times that you must wager your deposit before you can withdraw the bonus money from your account. If you deposit $500 in order to receive a bonus and there is a 10X rollover requirement, you must place $5,000 in bets before you can withdraw the bonus money that was placed in your account.
The reason for rollover requirements is simple. Sportsbooks know that players would be tempted to make a deposit, earn a bonus and then immediately pull all of their money back out while pocketing the bonus money. To counter this, sportsbooks require that players wager a certain amount of money before being able to cash out their bonus funds. The rollover requirement is different at each sportsbook, so be sure to read the fine print.
Some sportsbooks will also have requirements regarding which types of bets are eligible to meet rollover requirements, such as no prohibitive moneyline favorites and no betting both sides of a game. The exact terms can vary from sportsbook to sportsbook, so it’s very important that you read the rules about the rollover requirements carefully before taking advantage of any bonus program.