Swainzag - "Man those regulations on the welcome bonus are brutal.
'Your initial deposit PLUS the bonus must be turned over at least 10 times and all bets below -200 will not be counted before you can make ANY withdrawal, AND the bonus amount and all winnings will be forfeited if the deposit and bonus rollover requirements are not met within 90 days of bonus credit'. "
Jetwin - "To run a sportsbook responsibly is one of Jetwin’s top priorities.
When approving bonus Terms and Conditions we strived to make them acceptable for our clients to the utmost degree. At the same time, we kept in mind that too flexible Terms and Conditions could become a threat for the Company. Many newbie bookies have paid dearly for not giving much attention to this issue."
There's nothing wrong with striving to run a sportsbook responsibly.
But how are you protecting yourself by insisting that the rollover for a bonus has to be completed withing 90 days?
What if it took 91 days? Or for that matter, 191 days?
How does the sportsbook suffer?
"...the bonus amount and all winnings will be forfeited if the deposit and bonus rollover requirements are not met within 90 days of bonus credit.
Do you award the bonus amount into the customer's account at once, but they can't withdraw it?
Why not hold onto the bonus amount in its entirety until the rollover is complete?
And then if the rollover is not completed within 90 days, they forfeit the bonus amount.
Confiscating winnings because someone takes longer than 90 days to roll is something I've never encountered before, and is a questionable practice.
For that matter, I've never seen a sportsbook put a time limit on a rollover before.
I have seen it occasionally with online poker rooms, but there is no confiscation of winnings if the rollover is not completed.
The book shouldn't have any rules that take a shot at the player, and vice versa.
This strikes me as taking a shot at the player, even if it is announced in advance.
'Your initial deposit PLUS the bonus must be turned over at least 10 times and all bets below -200 will not be counted before you can make ANY withdrawal, AND the bonus amount and all winnings will be forfeited if the deposit and bonus rollover requirements are not met within 90 days of bonus credit'. "
Jetwin - "To run a sportsbook responsibly is one of Jetwin’s top priorities.
When approving bonus Terms and Conditions we strived to make them acceptable for our clients to the utmost degree. At the same time, we kept in mind that too flexible Terms and Conditions could become a threat for the Company. Many newbie bookies have paid dearly for not giving much attention to this issue."
There's nothing wrong with striving to run a sportsbook responsibly.
But how are you protecting yourself by insisting that the rollover for a bonus has to be completed withing 90 days?
What if it took 91 days? Or for that matter, 191 days?
How does the sportsbook suffer?
"...the bonus amount and all winnings will be forfeited if the deposit and bonus rollover requirements are not met within 90 days of bonus credit.
Do you award the bonus amount into the customer's account at once, but they can't withdraw it?
Why not hold onto the bonus amount in its entirety until the rollover is complete?
And then if the rollover is not completed within 90 days, they forfeit the bonus amount.
Confiscating winnings because someone takes longer than 90 days to roll is something I've never encountered before, and is a questionable practice.
For that matter, I've never seen a sportsbook put a time limit on a rollover before.
I have seen it occasionally with online poker rooms, but there is no confiscation of winnings if the rollover is not completed.
The book shouldn't have any rules that take a shot at the player, and vice versa.
This strikes me as taking a shot at the player, even if it is announced in advance.
Many bookies have restrictions on rollover length. Here are a few examples:
BWIN:
- Bonus type: Withdrawal restricted. Bonus funds are available to play with, but cannot be withdrawn until the requirements are met.
- Time to unrestrict bonus: 365 days.
Betsson:
- The activated bonus must be wagered within 30 days upon requesting withdrawal.
- Bonus money left on the account after 30 days will be forfeited.
MyBet:
- Before your winnings can be withdrawn, you must turn over the deposit amount at least once and the bonus amount at least 5 times within 60 days. Stakes can be placed on one or more sports bets with a minimum odd of 2.00.
These restrictions help a bookmaker to understand better the betting pattern of each customer and increase the amount of betting action of each customer.
Whether or not you participate in the promotion is entirely up to you and it would be worth noting that during four months of the existence of this promotion more than half of our users have successfully completed rollover, which on the average has taken up twenty six days.
