What is Rollover in Sports Betting?

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Rollover bets

Introduction

This isn’t a dog training lesson! In Matched Betting, rollover is required for some bookmaker bets. Today I will be explaining exactly what rollover is & the best methods available.

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Rollover

There are specific offers which ask you to ‘Rollover’ your winnings a certain number of times. Not all bookmakers have a requirement, you can instantly withdraw with most.

To rollover your winnings mean you just bet with the profit you have made, below I will do an example.

Example

I have registered at GentingBet, in this example their rollover requirement is 1x the winnings, so keep this in mind.

I place a £10 bet, odds of evens… the bet wins.

Now I must Rollover the winnings 1x (1 time), my winnings were £10, so I need to place another bet.

As soon as this bet has settled, the money is withdrawable.

Some bookmakers larger rollover terms, meaning you need to bet more.

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A Full Matched Betting Example

This example is based on a sign up offer which has Rollover Requirements.
I will go through the process of how you rollover your bets.


Stage One
Place a Qualifier Bet


The Qualifying bet is the first stage of any process. We highlight all the terms for you to follow, minimum odds & stake.

At this stage, you will make a loss. This is perfect, as we can’t guarantee profit before getting the free bet, we always make a small loss qualifying.
This is a problem. If you make a profit on a qualifying bet, you are performing Arbitrage, you may get away with it a few times, but you will find this will get your accounts banned.

Stage Two
Lock In Profit


The Second stage in this process is to use the Free Bet as SNR, to lock in the profit.

If the Free Bet wins, your returns will go into the Bookmaker account balance.

If the free bet wins, you have to rollover your winnings. Note, this is not the case for 85% of bookmakers, this example is just for those instances.

If the Free Bet loses, your profit from the Free Bet will enter your betting exchange, as the Lay bet will have won.

How to Rollover the winnings

You only have to rollover winnings, meaning if the Free Bet loses, you skip this part.

rollover terms

As you can see with these terms, the rollover requirement is Three Times the winnings.

If you were to win £10, this would be locked into your ‘bonus funds’ area of your wallet until you wagered Three Times that amount, £30.

You may find that you place a £10 bet and it loses (wins in the exchange), in this instance your bonus funds are reduced to £0.00 and the offer is completed. The two ways to rollover your bets are to either complete the requirements, in this example bet £30 worth, or reduce your account balance to £0. These bets are to be placed as Normal on the calculator.

The ideal situation is for the Back Bets to lose & the lay bets win. This is because the more bets you place, the more qualifying losses you incur.

The Rollover Timeline

Qualifying Bet

Place the Qualifying Bet, losing 85p


Evaluate

If the Rollover Bet wins, Continue betting. If it LOSES, you’ve made profit


Rollover Bet #3


Place your final bet, wagering will be completed and you can withdraw profit. 82p Loss.

Place The Free Bet

Place the Free Bet, earning £18


Rollover Bet #2

In Our example the bet won, more rollover. 77p loss


Count the Profit


You earnt £18 from the free bet, losing £3.24 from wagering. Total Profit £14.76

Rollover Bet #1

Place Rollover Bet 1. losses 80p


Evaluate

If the 2nd Rollover bet wins, bet once more. After the next bet, wagering is complete.


If Rollover Bet Lost


If Your rollover bet had lost at the first opportunity, you would have made £16.35.

 As you can see, having to fully complete the wagering can affect the profits, it’s always more profitable to lose bets and win lays!

There is a method where you can ‘preserve’ bonus funds, allowing you to earn more.

This is called Underlaying – click here for my blog post on this. I summarise below too.


What Is Underlaying?


Underlaying is a vital technique to learn, something which can ensure maximum profit from rollover terms.

Underlaying a bet adjusts your lay stake, so that if the bet wins with the bookie, you get more profit.

However, if the LAY bet wins into the exchange, you get less profit.

When Do I Underlay?

My rule is simple. If the ideal result is the LAY bet winning, into the exchange, underlay the bet.

underlay example




Effects of Underlaying


Have a quick look at the Underlay calculator.

Note, if the bookmaker bet wins, there are NO QUALIFYING LOSSES. So you can essentially complete wagering without incurring any qualifying losses.

If the Exchange Lay wins, you will lose £2. However, that offer is now complete! WIN WIN!

Our Calculator which has the easy Underlay function is Oddsmonkey software, check them out here!



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