Bovada is one of the most popular online sportsbooks and casinos in the US. It offers a variety of bonuses and promotions to its customers, such as welcome bonuses, reload bonuses, referral bonuses, and rewards points. However, many users are confused about how to use these bonus funds and what are the terms and conditions associated with them. In this post, I will explain how to claim, use, and withdraw bonus funds on Bovada.
How to Claim a Bonus on Bovada
The first step to use bonus funds on Bovada is to claim them. You can do this by following these simple steps:
- Log in to your Bovada account or sign up if you are a new customer.
- Click on the silhouette icon at the top of the page.
- From the menu, click on ‘Rewards’.
- Your available bonuses are listed under the Bonuses Tab in your Dashboard.
- Click on the ‘Claim’ button next to the bonus you want to redeem.
- You will see a confirmation message and the bonus amount will be added to your Bonus Balance.
Alternatively, you can also claim a bonus by entering a promo code when you make a deposit. You can find the promo codes for different bonuses on Bovada’s website or through their email newsletters. To use a promo code, follow these steps:
- Visit Bovada’s website and click on the ‘Join’ or ‘Deposit’ option on the homepage.
- Fill out the registration form or log in to your account.
- Go to the cashier section and select one of the deposit methods.
- Enter the amount you want to deposit and the promo code in the designated fields.
- Complete the deposit process and you will receive a confirmation message and the bonus amount will be added to your Bonus Balance.
How to Use Bonus Funds on Bovada
Once you have claimed a bonus, you can use it to place bets on sports, casino games, or horse racing. However, you should be aware that not all bets contribute equally to the rollover requirements of the bonus. The rollover requirements are the amount of money you need to wager before you can withdraw any winnings from your bonus funds. The rollover requirements vary depending on the type and amount of bonus you receive. You can check the rollover requirements for each bonus on your Rewards page under the ‘Details’ section.
Generally speaking, sports bets contribute 100% to the rollover requirements, except for some prop bets and futures bets that contribute 50% or less. Casino games also contribute differently depending on their house edge. For example, slots contribute 100%, while blackjack contributes 10%. Horse racing bets contribute 100% as well.
To use your bonus funds effectively, you should try to place bets that have a high contribution percentage and a low risk. For example, you can bet on moneyline favorites or over/under totals in sports, or play slots or video poker in casino. You should also avoid placing bets that have a negative expected value or are too volatile. For example, you should avoid betting on parlays, teasers, or exotic bets in sports, or playing roulette or keno in casino.
You should also keep in mind that Bovada will use your cash balance first before using your bonus funds when you place a bet. This means that if you have both cash and bonus funds in your account, your cash balance will be reduced first when you win or lose a bet. However, if you redeem your rewards points for bonus funds, those bonus funds will be used first before your cash balance.
How to Withdraw Bonus Funds on Bovada
After you have met the rollover requirements of your bonus, you can withdraw your winnings from your bonus funds. To do this, follow these steps:
- Log in to your Bovada account and click on the silhouette icon at the top of the page.
- From the menu, click on ‘Withdraw’.
- Select one of the withdrawal methods available for your account.
- Enter the amount you want to withdraw and confirm your details.
- You will receive a confirmation message and your withdrawal request will be processed within 24 hours.
You should note that some withdrawal methods may have fees or limits associated with them. You can check these details in your cashier section or in Bovada’s help page. You should also note that Bovada may require some verification documents from you before processing your withdrawal request. These documents may include a copy of your ID, a proof of address, and a proof of payment method. You can upload these documents in your account settings or send them via email.
Conclusion
Bonus funds are a great way to boost your bankroll and enjoy more betting options on Bovada. However, you should always read the terms and conditions of each bonus carefully and follow the best practices to use them wisely. By doing so, you can maximize your chances of winning and withdrawing your bonus funds on Bovada. Happy betting!