[rob]

I recently received a substantial (5k) bonus from a book. The downside, of course, is that it requires a 12x rollover.
I'd like to roll this over as quickly as possible and get my cash...just not sure how this can be done.
I've considered playing middles, but that seems to be a tough deal. Decent middles seem to be difficult to find and I'm afraid that the juice would eventually eat up most of my bonus.
Money lines would be another option, but from what I've seen a profitable or break even wager playing both sides on those are few and far between as well.
I don't have a lot of time to shop around and compare lines/odds on everything that is wagerable which also makes this tough.
I know some of you who post on here are sharp on this and I'd appreciate your advice. Thanks.

[goldengoat]

my advice would be to not try to do it quick

[Doc JS]

Originally Posted by rob

I recently received a substantial (5k) bonus from a book. The downside, of course, is that it requires a 12x rollover.
I'd like to roll this over as quickly as possible and get my cash...just not sure how this can be done.
Money lines would be another option, but from what I've seen a profitable or break even wager playing both sides on those are few and far between as well.

Some books (BetCRIS and BetJamaica I know for sure) will not count ML over -200 towards your roll over. Make sure you check on this with your book.

As a lucky winner in the BTP contest, I was faced with the same problem only on a smaller scale (200 as opposed to 5K) . I emailed BetCris and asked if ML wagers counted toward my roll over. Their answer: "The lesser amount is what counts towards the roll over. For example, risking $110 to win $100, the $100 would count towards the roll over. Large money lines do not count."

When I emailed back and asked what constituted a large money line, I was told any ML over -200.

Hope this helps...

Doc JS

[chano]

Why dont you try and handicap a few games and put your money on the line. Have some balls and gamble.

[Doc JS]

Originally Posted by chano

Why dont you try and handicap a few games and put your money on the line. Have some balls and gamble.

Well...there's always that! LOL


Doc JS

[Mr. NBA]

wow a 5k bonus?.....what D- book did you put your money in?.....Bet Royal?.....lol. Open an account at pinny and hammer their overnights in the nba and scalp back in the 5k bonus book....guanteed + money...but then again you say you have limited time?.... .



gl....and please do tell what book gave ya the 5k and what the % bonus it was.....thanks.

[koko]

Originally Posted by Mr. NBA

wow a 5k bonus?.....what D- book did you put your money in?.....Bet Royal?.....lol. Open an account at pinny and hammer their overnights in the nba and scalp back in the 5k bonus book....guanteed + money...but then again you say you have limited time?.... .



gl....and please do tell what book gave ya the 5k and what the % bonus it was.....thanks.

If this is a low rated book, which I assume it is from the bonus, I don't think he should consider scalping. To do so, would be risking building a much higher balance at the low rated book. If things go bad with the scalps, OP could end easily end up with 30k+ in a low rated book. That could be expensive if/when the cashouts dont come.

[Mr. NBA]

Originally Posted by koko

If this is a low rated book, which I assume it is from the bonus, I don't think he should consider scalping. To do so, would be risking building a much higher balance at the low rated book. If things go bad with the scalps, OP could end easily end up with 30k+ in a low rated book. That could be expensive if/when the cashouts dont come.

true

[pags11]

agree with goldengoat about doing it slowly...

[Yoshi]

If you dont want to risc scalping (and i wouldnt with a shit book and several grands in there), you could always look at the Pinny/Cris lines and play a good number only at the bonus book.
Since those lines shouldnt be too hard to find, i would play it in small steps.

[Aces]

Originally Posted by Mr. NBA

wow a 5k bonus?.....what D- book did you put your money in?.....Bet Royal?.....lol. Open an account at pinny and hammer their overnights in the nba and scalp back in the 5k bonus book....guanteed + money...but then again you say you have limited time?.... .



gl....and please do tell what book gave ya the 5k and what the % bonus it was.....thanks.

12X Roll sounds like betroyal to me.

[Korchnoi]

Create a new account at another book that offers a signup bonus. Bet the opposite sides on each site. It's not "scalping" in that you may be on the bad side of two lines, but at least the extra bonus on the other site will give you some wiggle room. All else being equal, probably take the longshot side at the less reputable of the books. Ideally you want to drain that account.

[JoshW]

12x you will need to do a bit of everything. Pretty high rollover.

[Tchocky]

Take the moneyline on Federer.

P.S. Which book gave you a 5k bonus?

[Justin7]

Be wary of taking a large bonus with a big rollover.

If you have x12 rollover on a 100% bonus, you would need 24k of action on a 1k deposit. Your expected losses are more than your deposit and bonus combined.

When looking at bonuses, you really have to weight the rollover heavily.

[Korchnoi]

Originally Posted by Justin7

Be wary of taking a large bonus with a big rollover.

If you have x12 rollover on a 100% bonus, you would need 24k of action on a 1k deposit. Your expected losses are more than your deposit and bonus combined.

When looking at bonuses, you really have to weight the rollover heavily.

Well the worst lines are -110/-110 which is 2.3% edge. A 12x rollover on deposit+100% bonus would be 24x2.3% = 55.2%. Alternatively, even if you apply the edge on all 24K, you only give back 55.2% of the 100% bonus. Plus, if you loose your money quicker you give even less edge up (should you be so lucky!).

However, as Murphy's Law would have it, you'll always win on the book where your trying to clear your bonus. So the real question is: how confident are you that they'll cough up a 5 figure withdraw without a fight?

[patswin]

who's the book?

[War Pig]

Originally Posted by koko

If this is a low rated book, which I assume it is from the bonus, I don't think he should consider scalping. To do so, would be risking building a much higher balance at the low rated book. If things go bad with the scalps, OP could end easily end up with 30k+ in a low rated book. That could be expensive if/when the cashouts dont come.

great advice KOKO

[War Pig]

Originally Posted by rob

I recently received a substantial (5k) bonus from a book. The downside, of course, is that it requires a 12x rollover.
I'd like to roll this over as quickly as possible and get my cash...just not sure how this can be done.
I've considered playing middles, but that seems to be a tough deal. Decent middles seem to be difficult to find and I'm afraid that the juice would eventually eat up most of my bonus.
Money lines would be another option, but from what I've seen a profitable or break even wager playing both sides on those are few and far between as well.
I don't have a lot of time to shop around and compare lines/odds on everything that is wagerable which also makes this tough.
I know some of you who post on here are sharp on this and I'd appreciate your advice. Thanks.

hey Rob, If this is a crap book like we all think it is, get your $$$$$ out as fast as you can and tell them to keep their bonus money. Always check here first before you put your hard earned bucks in to any book. SBR Forums and the people here are always on the lookout for bad books and we will always let you know who they are, good or bad. Good luck and always ask those in the know before you give your money to any book.
Take it Ez

[pags11]

it's gotta be betroyal...

[patswin]

I took Royal up on the $206/$206 deposit offer last week. Ended up winning there. Took a w/d on Friday and the funds hit my neteller account yesterday. Still have a small balance there. No problems to report so far. I like the no juice offer. I would play there for that reason alone although I don't bet big amounts.

[Justin7]

Originally Posted by Korchnoi

Well the worst lines are -110/-110 which is 2.3% edge. A 12x rollover on deposit+100% bonus would be 24x2.3% = 55.2%. Alternatively, even if you apply the edge on all 24K, you only give back 55.2% of the 100% bonus. Plus, if you loose your money quicker you give even less edge up (should you be so lucky!).

At -110 pricing, 52.4 is breakeven. If you are a 50% player, your EV is twice as bad as you suggest - about -4.5%.

Consider: you risk $110 to win $100 on both sides of the same game. You have a net loss of $10 on $220 risked. EV=-4.5%.

[Korchnoi]

Originally Posted by Justin7

At -110 pricing, 52.4 is breakeven. If you are a 50% player, your EV is twice as bad as you suggest - about -4.5%.

Consider: you risk $110 to win $100 on both sides of the same game. You have a net loss of $10 on $220 risked. EV=-4.5%.

Yeesh, you're right. That was extremely sloppy of me. While I was writing that, in the back of my mind something told me I wasn't thinking about it clearly enough.

So if your edge is -4.5%, even if you have to play the entire rollover you break even. I do think you can find the better side to choose (look at pinnacle's mid market) and also if you loose the money you don't have to rollover.

In the worst case scenario you'd give up 108% or 8% more than your bonus. Bonuses ought to be compared using figures like this. It makes bodog's 10% bonus with 1x rollover pretty good (if you don't use neteller).

[rob]

Thanks for your thoughts, everyone.
I'll try to explain the offer I received. Unfortunately, I can't be entirely specific.
I received a one-page letter via Fed Ex from a sports book that I had never been involved with before. Among other things, it stated that they would offer me "an outstanding incentive" to join their book. It was personally signed (not copied) by the book's CEO and I was asked to call him on his cell phone at any time.
Normally, offers such as this would go straight to the garbage, but due to its "personalness" (is that a word?) I had to satisfy my curiosity.
I called and spoke with the CEO for about 20 minutes. His offer was a 200% bonus on a $2,500 deposit with a 12x rollover for withdrawals. He also asked that this offer be kept private, which I took to mean not making public the names involved.
Thankfully, I've recently discovered SBR and sent Bill Dozer a pm with all of the details. I guess private also meant just between Bill and me.
Naturally, Bill knew all about the CEO as well as the book (no, it's not Betroyal and it is rated above a "C" by SBR). Bill told me it sounded like a good investment.
Anyway, that's where I'm at now. I was hoping for a quick rollover, but I think I may have found an alternative way.
Trying to play middles with this book vs. my other two off-shore accounts - Pinnacle and Cris - seems difficult as they all seem to pretty much mirror each other.
About 80-90% of my action goes to my local books due to their stale lines. For example, they put out college and NFL lines on Wednesday each week and never adjust them.
I figure I should be able to play the lines at the book where I have my bonus vs. my local guys...playing the local at -110 against a line on certain contests that are +110 (or possibly more). I imagine I won't be able to achieve my rollover - due to the sharper lines - but I'll collect my bonus from the locals.
If you have any thoughts on this, I'd be glad to hear them.

BTW, I was told that this offer was given to about 150 others (with bonuses from 3-5k) as a "test". If any of you have received this offer, please pm me.

[Ganchrow]

Here's a spreadsheet I first posted last year detailing expected post-rollover profit based on betting an arbitrarily small minimum versus betting the bettor's entire stake.

Obviously, the latter betting strategy yields significantly higher expected returns...

[magnavox]

Heritage