Is Bovada Legit?
For the professional it is about optimal bankroll growth and risk of ruin. Handicappers who are picking off many early lines might end up with 23 different pending bets. This means their bankroll size is often theoretical as opposed to fixed. While outside the scope of this article, statistical minded sports bettors should query: Kelly Criterion Simultaneous Events in an internet search engine if this concept is foreign to you.
I will cover two more simple strategies for the casual bettor in the remainder of this article. With online sportsbooks there are two types of bonuses, cash bonuses and free play bonuses. This is because the bonus was free play and once you stake it win or lose that free play is used up. This is why parlay betting is advised for free plays. The reason two team parlays pay 2. This is why when using free play bonuses parlay wagers when allowed are a better bet.
One of the best ways to bonus whore is to sign up at a few online sportsbooks at the same time that offer a free play bonus and allow free play bets to be used on parlays. Then pick three games and round robin every single possible outcome in 3-team parlays. So using three games of A vs. D, and E vs.
F there are 8 3-team parlays possible. If instead you just bet free plays straight on point spreads your expectation is converting To warn about the above: Also do not bet any more than 3 of the 8 parlays at the same website as most have a bonus abuse or non-recreational player clause in their terms and conditions.
The Bovada sportsbook is very easy to navigate, they offer some great features such as live betting and mobile betting that most would say are superior to the other sportsbooks that accept Americans. Overall, if you live in the United States you should have a Bovada account.
This bonus should appear in your account within 30 minutes of making your first deposit. Use Bovada referral code when opening an account to ensure you receive the bonus. If you make a withdrawal before meeting the rollover conditions the bonus funds, as well as any money earned with the bonus will be forfeit. Basically, just make sure that you have rolled over the funds enough times before making your first withdrawal. A one-time rollover is required on all rebates before you can withdraw.
You should also note that any horse bets placed in the sportsbook are not eligible for this racebook promotion. You must opt in to this promotion to receive the bonus. Bovada does a lot of these types of promotions that encourage players to play at the casino, poker room and sportsbook. Bovada does offer more extensive lines on the North American sports such as football , basketball , baseball , hockey , soccer, UFC, tennis and horse racing.
That said, Bovada does offer a wide variety of lines in other sports as well such as golf, boxing, motor sports, rugby, cricket, darts, snooker, and more, including several entertainment lines.