Uhhhhh
Money Making Megastar!
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- Sep 21, 2015
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[member=4180]Hollyhock64[/member] Ah righto, I'm with you!
Okay so you do not need to put any money into 138bet at any stage - if you use your £50 free bet and it loses at the bookies and wins into the exchange then you have made all of your profit at the exchange and are finished with the offer, because in the eyes of 138bet there is nothing for you to rollover as the free bet lost. That's why you want to choose something that is likely to lose at the bookies...which I know isn't easy, but we can try! However, if you use your £50 free bet and it wins at the bookies then what will happen is that your winnings will be put into your 'bonus' funds or will become un-withdrawable until you complete the rollover.
The rollover in this case is 3x so you need to have placed £150 of bets at 138bet in order to make your money go into your normal balance/make it withdrawable. Now, your initial £50 free bet may or may not count towards the £150 of wagering (check the T&s) so by doing that you may have already done £50/£150 wagering, so you would have £100 more wagering to complete - meaning that you need to place £100 worth of bets on 138bet, and you can do this with whatever size bets you like...a couple of £50 bets, 4x£25 bets etc - whatever you like. If your £50 free bet does not count towards wagering then if it wins at the bookies you'd need to do a further £150 of bets...again, in whatever stake amounts you like. You would keep placing bets until a) You have completed the wagering, or b) you have no money left in 138bet (known as 'busting out' - i.e. your bets have won at the exchange and lost at the bookies). The rollover bets are calculated as NORMAL...because you're not using free bets anymore, you're using your own cash (it just happens to be locked in a bonus or non-withdrawable state) and the intention is to try and get the rollover done with as small qualifying losses as you can manage, so at odds that are lower and as close to the minimum odds you are allowed to use during the rollover (check the T&Cs on 138bet).
The only place you'd possibly need to put more money into is the exchange - for a £50 free bet you'd need between £100-£200 in your exchange for the liability, depending on how high the odds you use for the free bet. If you lose that money into the bookies then you need to have a float big enough to cover the liability for laying your wagering bets... at odds of around 1.5-2.5 you'd probably need another £70-£150 in the exchange should you be required to do the complete rollover. So you should have £300-£350 available in total to feed your exchange just in case your free bet loses at the exchange and wins at the bookies.
Two things to double check in the T&Cs of the offer - whether there are minimum odds for the rollover (i.e. that your bets have to be over a certain odds in order to count toward the wagering) and also whether your £50 free bet counts towards the £150 that needs to be wagered (no problem if not, but you just need to do a full £150 wagering after your free bet - you can still break it up into bets of whatever size you like). Oh actually a third thing to check is if you have a time limit on completing the wagering.
Example, using a couple of possible scenarios:
1. You use your £50 free bet and it loses at 138bet and wins at the bookies. You've bust out at the bookies, there's nothing to rollover. You're finished with the offer.
or
2. You use your £50 free bet and it wins at 138bet. Let's say your free bet won £150 at 138bet - now this £150 is locked into bonus/non-withdrawable funds until you do this 3x wagering. You've already done £50/£150 so now you need to do £100 of bets. You do two £50 bets at 138bet, calculated as Normal on the calculator. Once they're done, no matter where either/both of them win, you're done. You've rolled over/wagered £150 worth of bets. Your funds should now be freed in 138bet and able to withdraw.
Okay so you do not need to put any money into 138bet at any stage - if you use your £50 free bet and it loses at the bookies and wins into the exchange then you have made all of your profit at the exchange and are finished with the offer, because in the eyes of 138bet there is nothing for you to rollover as the free bet lost. That's why you want to choose something that is likely to lose at the bookies...which I know isn't easy, but we can try! However, if you use your £50 free bet and it wins at the bookies then what will happen is that your winnings will be put into your 'bonus' funds or will become un-withdrawable until you complete the rollover.
The rollover in this case is 3x so you need to have placed £150 of bets at 138bet in order to make your money go into your normal balance/make it withdrawable. Now, your initial £50 free bet may or may not count towards the £150 of wagering (check the T&s) so by doing that you may have already done £50/£150 wagering, so you would have £100 more wagering to complete - meaning that you need to place £100 worth of bets on 138bet, and you can do this with whatever size bets you like...a couple of £50 bets, 4x£25 bets etc - whatever you like. If your £50 free bet does not count towards wagering then if it wins at the bookies you'd need to do a further £150 of bets...again, in whatever stake amounts you like. You would keep placing bets until a) You have completed the wagering, or b) you have no money left in 138bet (known as 'busting out' - i.e. your bets have won at the exchange and lost at the bookies). The rollover bets are calculated as NORMAL...because you're not using free bets anymore, you're using your own cash (it just happens to be locked in a bonus or non-withdrawable state) and the intention is to try and get the rollover done with as small qualifying losses as you can manage, so at odds that are lower and as close to the minimum odds you are allowed to use during the rollover (check the T&Cs on 138bet).
The only place you'd possibly need to put more money into is the exchange - for a £50 free bet you'd need between £100-£200 in your exchange for the liability, depending on how high the odds you use for the free bet. If you lose that money into the bookies then you need to have a float big enough to cover the liability for laying your wagering bets... at odds of around 1.5-2.5 you'd probably need another £70-£150 in the exchange should you be required to do the complete rollover. So you should have £300-£350 available in total to feed your exchange just in case your free bet loses at the exchange and wins at the bookies.
Two things to double check in the T&Cs of the offer - whether there are minimum odds for the rollover (i.e. that your bets have to be over a certain odds in order to count toward the wagering) and also whether your £50 free bet counts towards the £150 that needs to be wagered (no problem if not, but you just need to do a full £150 wagering after your free bet - you can still break it up into bets of whatever size you like). Oh actually a third thing to check is if you have a time limit on completing the wagering.
Example, using a couple of possible scenarios:
1. You use your £50 free bet and it loses at 138bet and wins at the bookies. You've bust out at the bookies, there's nothing to rollover. You're finished with the offer.
or
2. You use your £50 free bet and it wins at 138bet. Let's say your free bet won £150 at 138bet - now this £150 is locked into bonus/non-withdrawable funds until you do this 3x wagering. You've already done £50/£150 so now you need to do £100 of bets. You do two £50 bets at 138bet, calculated as Normal on the calculator. Once they're done, no matter where either/both of them win, you're done. You've rolled over/wagered £150 worth of bets. Your funds should now be freed in 138bet and able to withdraw.