19/02/2009 In Online Betting

All sportsbook’s need clients in order to make money. In the effort to find and retain players, new sportsbook’s need to give players an incentive to give them a try. They establish themselves and entice players to join by offering deposit bonuses. This can often lead to a business that seems to be built like a ponzi scheme. An example would be an offer of a 25% cash bonus on a deposit, but with some restrictions such as a five time rollover and a one month minimum period before making a withdrawal. A five time rollover in sports means that whatever it is that you bet on, whether its Football Lines, Basketball Lines,etc. the player must bet their balance five times over before they are eligible to take a withdrawal.

On the surface, this makes sense from the sportsbook’s point of view, because it is guaranteeing that they get some minimum action from the player. On the player’s side, he is thrilled to get 25% of his deposit as a bonus for just signing up and depositing. Their rationale is that since they are going to play anyway, why not get a bonus as an extra kick. As the sportsbook’s signs up more players, they start to get a reputation through the sports gambling forums and word of mouth. With deposits from new players, the sportsbook’s have a steady stream of incoming cash flow, which means they will have plenty of funds to pay anyone that requests a withdrawal.