Free bet vs Bonus offers
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Hi again!
I apologise if i don’t explain my query in the best way but here goes. I understand how the offers like ladbrokes that give you a free bet with your bonus are profitable because once you’ve placed the qualifying and free bet, if either of the bookie bets win, you’re free to withdraw the money. However, bonus offers like bet 365 require a rollover of 3 times before withdrawal. So wondered how you make profit off this because if you lose your initial 200 in the bookies and then lose the bonus 200 bet in the bookies you will have no money left. Do you then use the money won in the exchange to deposit more into the bookies to fulfil the rollover and carry on doing qualifying type bets losing a small bit of your profit each time until you have reached the rollover of £1200 in this case?
Any help much appreciated!
+0May 7, 2016 at 12:21 pm
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If you lose the rollover is over. you only need to roll the winnings from the bonus, so if there’s no bonus money = no rollover.
(But make sure they haven’t put anything sneaky in the T+Cs)
HTH+0Oh okay so if I lose both £200 bets in the bookies that’s fine and my profit will be in the exchange. So if I win the £200 initial bet and lose the bonus that’s also fine because I can withdraw any winnings because it hasn’t used the bonus for winnings. But if both do win, how would I go about fulfilling the rollover because that’s where all profit would be, locked up in that account?
Thanks+0
yes that the idea, although do make sure sometimes the bookie will make you rollover the initial qualifying bet winnings. there is usually a page somewhere that tells you what your rollover status is.
As for betting through the rollover, just bet at minimum odds (check T+Cs, usually 1.5-1.7ish) on very close matches. If you are talking about 365 their odds are very good and you get ages to rollover (90 days IIRC) so don’t rush it just plod through and wait for the very best close odds matches.
The secret to rollovers is to make sure you have enough of a balance to cover EVERY BET if they all win in the worst case scenario.
You could search the forums for details on UNDERLAYING, but again, if we’re talking about 365, you shouldn’t have a problem.
Good Luck
+0Sorry, do you mean bet on odds close to 1.5 as a matched bet, so I would do the opposite in the exchange and lose £2-3? And where do I need enough of a balance, in the exchange in case the bookie bets win?
+0Yes just matched bet close to the minimum 1.5, that way you won’t need as much in the exchange to cover the liability. Lose £2-3 a time and you’ll come out of it £180+ up.
Alternatively if you plan on using bet365 regularly for horse racing and football offers, then just treat the £200 bonus as your money and don’t worry the roll over. 90 days is a long time and it would take care of itself betting on these offers.
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yes and yes. but check what the minimum rollover odds for the particular offer are, they vary from bookie to bookie. the point being don’t go for long odds like you would for a free bet, as the money is stake returned.
a quick point – to do the 365 offer you need at least £1200 to meet the rollover requirement in case all the bets end up winning. (more to do it comfortably)
£2-3 loss isn’t at all bad for £200! lol
+0I’ve just been checking up on the terms of the deposit bonus and it seems that even if I were to only win the original bet with my £200 and lose the first thing with the bonus, I would still have to fulfil the rollover to be able to withdraw my original money because the bonus gets added to your balance, is this correct? If so, If I then lost the next one of my qualifying type bets to make it through the rollover, would I have to deposit more cash to be able to bet through the rollover?
Thanks for all the help so far!+0
I’m not completely sure that is right, I think when I did it all my bets won. but if it is that would mean the rollover would be deposit x3 instead of deposit and bonus x3, so rollover is £600 not £1200. hope that makes sense.
and yes the bonus funds do just get added to your balance, if you click the balance icon it shows you what is what. and in the account bonus info it shows you how much is left to roll
you wouldn’t have to deposit more. if there is no cash in the account, the rollover is over.
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To add to Deathstar’s last sentence, if you take a step back and look at it logically, from the bookies’ perspective if you have bet and lost your deposit and their bonus, they will have won your qualifying money and their money back from you (and they shouldn’t know what you are up to on an exchange), so it wouldn’t be reasonable for them to impose terms and conditions to force you to gamble even more of your money when you have already lost the qualifier and the free bet.
The only reason you may have to deposit extra funds is to cover the lays, required by match betting the rollover of such sums, in the exchange, which is obviously not something the bookie is forcing you to do.
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