Updated: April 23, 2023
The Bovada Sports Bonus of $250 is among the most achievable bonuses in the world, thanks to its low rollover requirement. But still many sports gamblers miss it.
Ever wondered how professional gamblers consistently make a profit from sports betting, casino games, and other online gambling pursuits? It’s not just a lucky streak; it’s a meticulously planned strategy.
One of the first tactics employed by these pros is leveraging the bonuses offered by sportsbooks and online casinos.
That’s right!
Free money is available, but many novice bettors either don’t know how to access it or inadvertently overlook these valuable opportunities.
Here are the 5 most common mistakes when it comes to sportsbook bonuses:
- Neglecting Bonus Offers: Numerous gamblers fail to pay attention to available bonuses and promotions, missing out on chances to increase their bankrolls and maximize their winnings.
- Forgetting Promo Codes: Some bettors forget to use promo codes during sign-up or deposit processes, leaving precious bonuses unclaimed and limiting their potential earnings.
- Overlooking Game-Specific Bonuses: Bettors often miss out on game-specific bonuses by not diversifying their gameplay or exploring different gaming options, reducing their chances of winning additional rewards.
- Not Reading Bonus Terms and Conditions: Many gamblers overlook the importance of reading and understanding the terms and conditions tied to bonuses, leading to confusion and missed opportunities to fully benefit from promotional offers.
In this article, we’ll guide you through the process of winning Bovada’s $250 sports bonus, step by step, so you can avoid these mistakes and boost your betting bankroll.
Getting Started with the Bovada Sports Bonus
To obtain your $250 Bovada Welcome Bonus, simply register on their website, make your first deposit, and you’ll instantly receive a 50% bonus up to $250. No promo code is required.
Your bonus will be ready for wagering within 30 minutes.
Before you can cash out any bonus, you must fulfill the rollover criteria. For this specific “50% up to $250 Bovada Welcome Bonus” and its winnings, you must achieve a 5x rollover.
How to Start with Bovada Sign Up Bonus:
- Create a Bovada Account and sign in.
- Make a deposit and instantly receive a 50% bonus up to $250.
- Place wagers to meet the rollover criteria. Requirements: Rollover is 5X Sports/5X Horses/30X Casino.
Bovada Sports Betting Every sportsbook bonus has a rollover requirement. The higher the rollover, the more challenging it is to profit when cashing out. Bovada’s “$250 Welcome Bonus” has one of the lowest rollover requirements among top sportsbooks, making it highly attractive and achievable for bettors. Remember, patience is crucial at the start; withdrawing before meeting the rollover criteria will result in forfeiting your bonus and winnings.
What does 50% up to $250 mean in a real example?
- Deposit: $250.00
- Bonus: $125.00 (This is the amount Bovada adds to your account balance)
- Account balance after bonus: $375.00
Minimum Bovada deposit amounts vary between $20 to $50, depending on the deposit method you choose:
- Visa/MasterCard: $20
- BTC, BCH, BSV, LTC: $10
- ETH: $50
- Player Transfer: $10
- Direct Bank Transfer: $50
- MatchPay: $20
What is the rollover formula for a $250 deposit?
Wagering requirements Bovada imposes before allowing a payout in this example: $2,062.50 (The rule states: Rollover is 5X Sports/5X Horses/30X Casino on both the initial deposit and the bonus amount. Rollover contribution in Sportsbook, for winning wagers, is determined by the lesser of your risk or win amount at the time of wager settlement; for losing wagers, your risk amount will be credited to your rollover contribution).
The rollover formula is 5 * $375 * 1.1 (If you bet on a game with a 50% probability on their odds and juice, you’ll risk $10 to win $9. If you win, your rollover is $9. If you lose, your “rollover” is $10. This is why the rollover is multiplied by 1.1 to adjust the number).
Winning the Bovada Bonus: A Betting Strategy
The Bovada deposit bonus is one of the best offers on their site due to its user-friendliness, low rollover requirements, and instant rewards in the form of cash. To take advantage of this bonus, simply make a deposit and start playing. No bonus codes are required.
Recommended Wagering from a Sports Bettor’s Perspective
- Recommended stake (2%): $7.50 (Expert bettors typically wager around 1% of their bankroll on bets. However, for this example, you can risk a bit more because it would take longer to complete the task at 1%. The maximum recommended play is 2%.)
- Estimated number of bets: 275 (This is the approximate number of bets you will need to make if you bet $7.5 on every game, which is precisely 2% of your account balance after receiving your bonus.)
- Odds (-110) 1.91 (These are the odds on spreads and totals. We’ll use -110 for our calculations.)
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3 Month Plan for Winning a Bonus with Different Win Percentages
- Play -110 odds (or better) on spread and totals (NBA, NFL, NCAAF, CFB, European basketball, etc.)
- Make around 275 bets with $7.50 per play.
- Hit at least 50% of games (hitting 49% of bets is not good enough for profit, despite the $125 bonus)
- Remain patient and disciplined until you meet the rollover requirements.
In the table above, we have different winning percentages and the profit, including the bonus, after you achieve a 5x rollover. By following this plan, you can maximize your chances of winning the Bovada bonus and boosting your bankroll.
Cashing Out Your Bovada Bonus
Once you meet the rollover requirement, you can cash out your winnings and bonus from Bovada. The easiest and most popular method for withdrawing funds is through cryptocurrencies (BTC, BCH, BSV, LTC, ETH). However, Bovada also offers cashouts via Checks by Courier and Vouchers.
To cash out, follow these steps:
- Log in to your Bovada account.
- Click the silhouette icon at the top of the page.
- Click ‘Withdraw’.
- Choose the withdrawal method.
- Enter the amount.
- Click ‘Request Withdrawal’.
Other Bovada Sign-Up Bonuses
The sportsbook bonus is just one of many promotions currently offered by Bovada. While it’s the primary focus for many sports bettors, Bovada also offers a variety of other bonuses for casino games, poker, and more.
Additional Bovada Bonuses and Promo Codes
- Bitcoin Welcome Deposit Bonus (up to $3,750) – Promo code: BTCCWB1250 (1st deposit), BTC2NDCWB (2x repeat). Minimum deposit: $20 in BTC equivalent. Rollover: 25x.
- Casino Welcome Bonus (up to $3,000) – Promo code: CAWELCOME100 (1st deposit), BV2NDCWB (2x repeat). Minimum deposit: $20. Rollover: 25x.
- Bitcoin Sports Welcome Bonus (up to $750) – Promo code: BTCSWB750. Minimum deposit: $20 in BTC equivalent. Rollover: 5x Sports/5x Horses/30x Casino.
Refer a friend
Earn up to $3,750 in bonuses by referring friends to Bovada. You’ll receive a 200% match bonus on your friend’s first deposit and an extra $75 when they deposit with cryptocurrency.
Bovada Poker Players
New players at Bovada Poker are eligible for a 100% Bonus up to $500 on their first deposit. To claim, sign up for an account, redeem the bonus code PWB500, make a deposit, and start earning Poker Rewards within 30 days.
Bovada Rewards Program
Earn rewards points by placing bets in the casino, racebook, and poker rooms. Redeem points for cash bonuses, which can be used in the Sportsbook, Racebook, Casino, and to purchase Poker Tournament Tickets. Rollover requirements for cash bonuses purchased with rewards points are 25x for Casino, 5x for Sports, and 5x for Horses. To redeem rewards points, go to “Get My Bonus” and choose to redeem all or a portion of your points.
Final Words
Embarking on an online gambling journey can be thrilling and enjoyable. Our goal with this guide is to ensure you have the best possible experience.
Remember, engaging in sports betting, casino games, or poker comes with risks. Play responsibly and only wager what you can afford to lose.
If you’re passionate about sports betting, consider signing up for our 30-day email betting course to enhance your skills, as bonuses are just one aspect of the bigger picture. Join Bovada today and become a part of a thrilling gambling community that values responsible gaming and offers a variety of exciting promotions.
Additional Questions You Might Have About Bovada
Is Bovada a secure platform to use?
Yes, Bovada is a highly secure and trusted online betting site for US players. They have a reputation for being one of the most dependable online sportsbooks available.
Bovada’s website is protected and encrypted, ensuring that your personal information remains inaccessible to others while using their site. They also implement various security features such as 2-Factor Authentication (2FA), which requires an additional code alongside your password to access your account.
Moreover, Bovada employs Geo-Blocking technology to ensure you only see betting options within your country. This makes it challenging for users from other countries to access their services and place bets.
Which Bovada bonus offer is the best?
Bovada bonus codes rank among the finest in online betting. Every sports bettor exploring other gambling sites should consider Bovada’s bonus codes and promotions as well. Whether you’re looking for sports betting bonuses, poker welcome bonuses, or online casino bonuses, the initial deposit is usually the first step for new players.
The simplest one is undoubtedly Bovada’s sportsbook bonus, which doesn’t require any bonus code. Bonus funds are credited to your account immediately after opening a Bovada account and making an initial deposit.
The $250 sports welcome bonus has a low rollover requirement, the lowest among all other Bovada bonuses. It is perhaps the most achievable and therefore the best Bovada bonus on this gambling site.
How can I contact Bovada’s customer support?
To use the chat feature, open the window at the top left of your screen. A box with a text box below it will appear on the right side. Type your message in the provided box.
Does Bovada offer instant payouts?
The Bitcoin method is the quickest way to receive your funds, with a 24-48 hour review process. The Player Transfer method takes about 48 hours for approval.
Each method’s delivery timeframes can be viewed on the withdrawal screen when selecting it as your preferred withdrawal option.
Does Bovada have a mobile app?
Bovada features a mobile app compatible with most smartphones and tablets. This app enables you to play on the go and make deposits and withdrawals. The Bovada mobile site works with both iOS and Android devices.
What is the highest payout on Bovada?
Bovada Sportsbook’s maximum payout is $250,000, while the Racebook’s maximum payout is $50,000. No individual payout will surpass these limits under any circumstances.
Does Bovada offer free rewards?
Bovada occasionally provides free rewards such as Free Spins on selected Casino games. You may also receive a Free Spins offer through promotional emails. Winnings from Free Spins can be used throughout Bovada and withdrawn as cash.
What fees does Bovada charge?
Bovada imposes a 4.9% fee on all card deposits, with the exception of your first deposit, which is complimentary as a special perk. The minimum card deposit is $20, and the maximum is $500.
Who owns Bovada?
Calvin Ayre, a Canadian entrepreneur and the founder of the Bodog brand, has led an intriguing life. You can learn about his story here. Bovada is currently owned by Mohawk Morris Gaming Group (MMGG), a company based in Kahnawake, an Indian Reservation in Quebec, Canada.
Is Bovada available globally?
Bovada caters primarily to United States residents, excluding individuals in Nevada, New Jersey, New York, Maryland, and Delaware.
What are the minimum and maximum bet sizes on Bovada?
The minimum bet size on Bovada is $0.50. Maximum bet sizes for each sport or event may vary. To determine the betting limit for a specific event, select the event, and click the Bet Max button in the Bet Slip.
Can I use a VPN with Bovada?
Using a VPN to access Bovada is legal as long as it does not violate any legislation prohibiting VPN usage. However, be aware that many online sports sites or gambling platforms may not permit the use of a VPN.
Is Bovada unavailable in my country?
Bovada primarily serves the United States and only accepts sign-ups from this country. Other sites within the same group cater to customers in different parts of the world.
Does Bovada monitor IP addresses?
Bovada may collect information about your visits to the website and usage of its services, including but not limited to, details of your web browser, location, and IP address.
Does Bovada support cryptocurrency?
Yes, Bovada is a leading bitcoin sportsbook in the US. Using Bitcoin and Bitcoin Cash is the easiest and most rewarding way to participate in their industry-leading Sportsbook.
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