How to Turnover a Sportsbook Bonus

Bookies often offer free stuff to attract new customers. In fact, the sportsbook bonus is an effective marketing tool to entice new players and keep existing ones. However, the bonus does come with a condition.

In order to keep your winnings from the bonus, you need to make the turnover stated in its terms and conditions. Often, most new bettors don’t read the fine print carefully. As a result, they fail to withdraw money made with their bonus.

Continue reading this sports betting tutorial to learn how to turnover a sportsbook bonus. It is important to know what you are getting yourself into before deciding to sign up for a new sports betting operator.

What is Sportsbook Bonus Turnover?

A sportsbook is in the business to make money. Although it seems like they are giving away free money with the bonus, they protect themselves through its terms and conditions. This is known in the industry as bonus turnover.

To turnover a bonus, you need to place a minimum amount before you can withdraw the bonus money from the player’s account to a bank account. For instance, the sportsbook offers a double deposit bonus. If you deposited $50, then your total betting account will have $100.

When you want to withdraw the money, that’s when the turnover bonus requirement comes into play. For example, the terms and conditions require you to have a turnover three times before you can withdraw. That means you need to place a minimum total bet of $150. Aside from the minimum bet placed, there are other factors including time and minimum betting odds amount.

The sports betting software will inform you if you already qualify for the sportsbook bonus turnover. There’s no getting around the bonus turnover requirement. You need to follow the terms or else you will not receive it.

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