BetOnline - No Withdrawal until Rollover is Met w/ Crypto100 Bonus?

[kidsmoke]

I created a BetOnline account today and deposited $1,066 with deposit code CRYPTO100.

I called CSR because I was not familiar with how their bonus/rollover/free play system worked.

I was told that I would not be able to make ANY withdrawals until the rollover ($28,900) amount was met, which does not make any sense to me. I wouldn't object to whatever restrictions were placed on the bonus/free play funds, but putting a hold on the original deposit amount (and any subsequent winnings) until I've bet $28,900 just can't be right... can it?

If I'd known this, I would have never used the deposit code in the first place. Seems like they've used it to trap me.

I'd really appreciate any advice on this. It's not at all what I expected from a top-rated book.

[bubba]

Pretty sure those terms you mentioned + 30 days. Been that way since I could remember.

[ichiro4thehall]

I'm no BOL fan but you can't say you have been trapped if it is stated in terms and conditions. Ignorance is not a defence.

If you haven't made any bets yet, you might ask if you can withdraw your money minus a withdrawal fee.

[littlekona]

Standard rule they always have...never take deposit bonus unless you agree w terms..

[michael777]

Standard rule they always have...never take deposit bonus unless you agree w terms..

100% correct,they have had the rules for years

[kidsmoke]

My thanks to you and everyone else who responded.

No argument there -- I didn't read the T&C and that's my fault -- but I'm still stupefied by the logic behind this policy and the fact that folks knowledgeable about the industry see no issue with it.

For context, I've been betting exclusively with sportsbook.ag since 2002. Never had a major issue, but saw that it was panned on this site so I thought I'd try one of the higher-rated books. That's how I ended up taking a filer on BetOnline.

I've taken a lot of bonuses from sportsbook.ag over the years and they've never limited my ability to make a withdrawal of non-bonus funds. They also factor the $ amount bet into the rollover, not the payout. So it's easy to catch up by making big bets on massive favorites. They also don't put any limits on the kind of wagers that contribute to the rollover -- BOL has severe restrictions.

Based on what I read on this site, I thought I was taking a step up in terms of customer experience so I never thought to look out for this kind of restriction.

Live and learn, I guess.

I'm no BOL fan but you can't say you have been trapped if it is stated in terms and conditions. Ignorance is not a defence.
If you haven't made any bets yet, you might ask if you can withdraw your money minus a withdrawal fee.

[fried cheese]

My thanks to you and everyone else who responded.

No argument there -- I didn't read the T&C and that's my fault -- but I'm still stupefied by the logic behind this policy and the fact that folks knowledgeable about the industry see no issue with it.

For context, I've been betting exclusively with sportsbook.ag since 2002. Never had a major issue, but saw that it was panned on this site so I thought I'd try one of the higher-rated books. That's how I ended up taking a filer on BetOnline.

I've taken a lot of bonuses from sportsbook.ag over the years and they've never limited my ability to make a withdrawal of non-bonus funds. They also factor the $ amount bet into the rollover, not the payout. So it's easy to catch up by making big bets on massive favorites. They also don't put any limits on the kind of wagers that contribute to the rollover -- BOL has severe restrictions.

Based on what I read on this site, I thought I was taking a step up in terms of customer experience so I never thought to look out for this kind of restriction.

Live and learn, I guess.

if you could withdraw your deposit then you could just deposit and get the bonus then immediately withdraw your deposit and just freeroll with the bonus. there is always a catch when you get free money.

[the_situation]

Pretty sure you can withdraw your deposit and forfeit the bonus, assuming you haven't touched the bonus $

[ichiro4thehall]

My thanks to you and everyone else who responded.

No argument there -- I didn't read the T&C and that's my fault -- but I'm still stupefied by the logic behind this policy and the fact that folks knowledgeable about the industry see no issue with it.

For context, I've been betting exclusively with sportsbook.ag since 2002. Never had a major issue, but saw that it was panned on this site so I thought I'd try one of the higher-rated books. That's how I ended up taking a filer on BetOnline.

I've taken a lot of bonuses from sportsbook.ag over the years and they've never limited my ability to make a withdrawal of non-bonus funds. They also factor the $ amount bet into the rollover, not the payout. So it's easy to catch up by making big bets on massive favorites. They also don't put any limits on the kind of wagers that contribute to the rollover -- BOL has severe restrictions.

Based on what I read on this site, I thought I was taking a step up in terms of customer experience so I never thought to look out for this kind of restriction.

Live and learn, I guess.

Did you not see the many threads in this forum about BOL issues? Personally I would not trust SBR reviews. US players are unlucky that they have no access to the best books. Bookmaker and Heritage are probably the only two books that I'd trust, and Bookmaker has high juice lines that I wouldn't bet.

Like others have said, if you haven't placed bets yet you should be able to withdraw your deposit.

[Optional]

I wouldn't object to whatever restrictions were placed on the bonus/free play funds, but putting a hold on the original deposit amount (and any subsequent winnings) until I've bet $28,900 just can't be right... can it?

This is actually how every deposit bonus works everywhere.

You have to complete a rollover before any withdrawal can be made. At all. Of your deposit or any winnings.

Youwager is the only book I know with a different rule. They will let you withdraw winnings above the deposit amount early, but still you cannot touch your deposited funds until the rollover is complete.


The only extra restriction you may not have expected at BOL is a fixed 30 day no withdraw period as well.

[Optional]

I've taken a lot of bonuses from sportsbook.ag over the years and they've never limited my ability to make a withdrawal of non-bonus funds.

What do you mean by non-bonus funds?

Sportsbook.ag has almost the same bonus terms as BOL. A rollover is required after taking a bonus before any sort of withdrawal can be made.

It sounds to me like you probably don't withdraw as soon as you get ahead as a habit. You've probably just completed the Sportsbook.ag rollovers before asking for a withdraw each time.

As they definitely have a no-withdraw rollover period as well.

[KS1986]

They let you withdraw if you haven't completed the rollover, they just take back any remaining bonus funds.

[FullStrength]

Always deposit with no bonus.

[JAKEPEAVY21]

scalp the funds out of there using another book...worst case scenario you will win at BOL but put a dent in the rollover gl.

[5mike5]

Always deposit with no bonus.

[kidsmoke]

Do you (or anyone else) have any advice on the best way to do this and avoid losing $ to juice?

I'm new at this so I'd be grateful for any wisdom. Thanks a lot.

scalp the funds out of there using another book...worst case scenario you will win at BOL but put a dent in the rollover gl.

[TheMoneyShot]

Smoke - The terms are right for BetOnline just like everyone said. BetOnline is known for their 50% to 100% Free Play Bonuses. The catch is the huge rollover.

No one can really give you sound advice... because everyone would handle the situation differently. There's really no fast way out of this.

You can play conservative... or aggressive.

IMO... if a deposited 1k... and had a huge rollover... I'd play slightly aggressive. (Larger than normal wagers.) Trying to take some chunks out of that roll.

[kidsmoke]

JAKEPEAVY21 recommended that I "scalp the funds out of there using another book".... that's what I was looking for clarification on.

Smoke - The terms are right for BetOnline just like everyone said. BetOnline is known for their 50% to 100% Free Play Bonuses. The catch is the huge rollover.

No one can really give you sound advice... because everyone would handle the situation differently. There's really no fast way out of this.

You can play conservative... or aggressive.

IMO... if a deposited 1k... and had a huge rollover... I'd play slightly aggressive. (Larger than normal wagers.) Trying to take some chunks out of that roll.

[milwaukee mike]

JAKEPEAVY21 recommended that I "scalp the funds out of there using another book".... that's what I was looking for clarification on.

he meant you could shop around and make no-risk bets that don't cost you too much juice, depending on where else you have $$$

for example for nhl you could take
betonline tampa bay -138
5dimes toronto +135

i would just make your normal bets... or find something you like and shove all-in, knowing that if it loses you could at least get a 35% bonus

[TheMoneyShot]

JAKEPEAVY21 recommended that I "scalp the funds out of there using another book".... that's what I was looking for clarification on.

Correct. Milwaukee Mike is also right.

But do you have extra money to throw at another book right now??? And wager the opposite? Sometimes it doesn't always workout the way you want it... then you'll still have this huge ROLL to fill while throwing out and possibly losing more money at other books. 28k isn't that easy to rollover.

[kidsmoke]

Thanks. I have $3,500 at sportsbook.ag, so I could do it there.

Ideally I'd lose the BOL money and win at SB. Wondering if there's a certain kind of wager that I should be targeting for this kind of maneuver.

Correct. Milwaukee Mike is also right.

But do you have extra money to throw at another book right now??? And wager the opposite? Sometimes it doesn't always workout the way you want it... then you'll still have this huge ROLL to fill while throwing out and possibly losing more money at other books. 28k isn't that easy to rollover.

[happypop]

Thanks. I have $3,500 at sportsbook.ag, so I could do it there.

Ideally I'd lose the BOL money and win at SB. Wondering if there's a certain kind of wager that I should be targeting for this kind of maneuver.

Any wager, sir.

[Limited]

I created a BetOnline account today and deposited $1,066 with deposit code CRYPTO100.

I called CSR because I was not familiar with how their bonus/rollover/free play system worked.

I was told that I would not be able to make ANY withdrawals until the rollover ($28,900) amount was met, which does not make any sense to me. I wouldn't object to whatever restrictions were placed on the bonus/free play funds, but putting a hold on the original deposit amount (and any subsequent winnings) until I've bet $28,900 just can't be right... can it?

If I'd known this, I would have never used the deposit code in the first place. Seems like they've used it to trap me.

I'd really appreciate any advice on this. It's not at all what I expected from a top-rated book.

1. [*=left]This 100% Bonus is only valid on first-ever deposits via Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH and can only be claimed once.
   [*=left]A MINIMUM deposit of $20.00 is required to qualify for the bonus.
   [*=left]The maximum bonus per deposit is $1,000.00.
   [*=left]There is a 14x (fourteen time) rollover requirement associated with this bonus.
   [*=left]In order to receive a bonus you must use promo code CRYPTO100 in the cashier while making your deposit.
   [*=left]You must use any existing free plays already in your account before claiming any new free plays.
   [*=left]Only players in the USA and Canada qualify for this bonus.
   [*=left]The free plays you earn are for the sportsbook. They cannot be used in the Racebook, Casino, Poker or Live Betting.
   [*=left]No withdrawals can be made within 30 days of claiming this promotion.
   [*=left]All free plays expire in 30 days unless otherwise stated. At the 30 day mark, any unused free plays will disappear from your account.
   [*=left]BetOnline reserves the right to alter or amend the terms and conditions of this promotion at any time without notice.
   [*=left]Please see BetOnline's general rules for additional terms and conditions, which apply to any and all promotions.

14X ROR deposit + bonus makes it 28.900$ So nothing wrong with the bookie. Before taking any bonus u should always read TC-s

Also keep in mind that ROR is to win/to risk (the smaller amount counts). IE a bet 1000$ placed on odds +250 only 1000$ is counted for ROR. A bet on low odds like 1000$ placed on odds -200, then only 500$ is counted for ROR.

Another important detail maybe. When you use your FP money try to avoid events that can end in TIE (PUSH) in that case your FP money is not refunded but lost.