To get your $250 Bovada Welcome Bonus, simply sign up on their website, make a first deposit and you’ll instantly receive a 50% bonus up to $250. No promo code is needed.
Your bonus will be available within 30 minutes for wagering.
How do you turn Bovada bonus money into real money?
Before you cash any bonus, you must meet rollover criteria. For cashing out 50% up to $250 Bovada sign up bonus and winnings, you must rollover 5x times.
Table of contents
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Table of contents
Detailed explanation about winning $250 Bovada Bonus
- Step one – Bovada Login: Open account
- Step Two: Make a deposit and instantly receive a 50% bonus up to $250
- Step 3: Place wagers to meet rollover criteria
- Requirements: Rollover is 5X Sports/5X Horses/30X Casino
Bovada Sports Betting
Every sportsbook bonus comes with a rollover requirement. The bigger the rollover, the harder is profit when it comes to cash out. Bovada’s “$250 Welcome Bonus” has one of the lowest rollover requirements among top sportsbooks.
This is why it is so attractive and realistic for every sports bettor. Patience is the key at the start because if you make a withdrawal before you met rollover criteria all your bonus and winnings from the bonus will be fortified.
What does 50% up to $250 mean in real example?
- Make a Deposit of $250.00
- Receive Bonus $125.00 – (This is the money Bovada will add to your account balance)
- Your account balance after bonus $375.00 – (This is your Bovada balance after you receive your bonus)
What is the minimum Bovada deposit?
Minimum deposits are between $10 to $50, depending on the deposit option you choose:
- Visa/MasterCard $20
- BTC, BCH, BSV, LTC $10
- ETH $50
- Player Transfer $10
- Direct Bank Transfer $50
- MatchPay $20
What is rollover formula I deposit $250?
- Roll-over requirements in our example is $2,062.50 – (The rule is clear: Rollover is 5X Sports/5X Horses/30X Casino on both the initial deposit and the bonus amount. Rollover in Sportsbook, for winning wagers, will be 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 formula for rollover is 5 * $375 * 1.1 (If you bet on a game with a probability of 50% on their odds and their juice, you will risk $10 to win $9. If you win, your rollover is $9. If you lose your “roll-over” is $10. This is why I multipled with 1.1 to adjust the rollover number.)
Recommended wagering from sports bettors perspective
- Recommended stake (2%) $7.50 – (Expert bettors wager around 1% of their bankrolls on bets, but for this example you can risk little bit more, because with 1% you will need more time to complete this task. 2% is max recommended play)
- Estimated No of bets 275 – (This is estimated number of bets you will need to make if you will bet $7.5 on every single game, which is exactly 2% of your account balance after receiving your bonus)
- Odds (-110) 1.91 – (Those are their odds on spreads and the totals. Taking -110 for our calculations)
3 Month Plan for Winning a Bonus with different Win%
- Play -110 odds (or better) on spread and totals (NBA, NFL, NCAAF, CFB, European basketball,…)
- Make around 275 bets with $2.75 per play.
- Hit at least 50% of games (because hitting 49% of bets is not good enough for profit, despite they give you $125 of bonus)
- Be patient and disciplined until you don’t make enough wagerss (rollover requirements)
In the table above we have different winning percentages and the profit including bonus, after you roll-over 5 times.
Bovada Cash Out
The next step is getting your money from Bovada. You can immediately cash out your winnings and your bonus after you meet the rollover requirement.
What is the best way to withdraw money from bovada?
The best and simplest way to withdraw from Bovada is with cryptocurrencies (BTC, BCH, BSV, LTC, ETH), but they also offer cash outs Checks by Courier and Vouchers.
Steps to cash out:
- Sign Up or Log in to your account
- Click the silhouette icon at the top of the page.
- Click ‘Withdraw’.
- Choose the withdrawal method
- Enter the amount
- Click ‘Request Withdrawal’.
Is bovada safe to use?
Yes, Bovada is one of the safest online betting sites for US players. They are considered as one of the most trusted and reliable online sportsbooks out there.