Why can’t I withdraw bonus funds from Bovada? The rollover rules

ByCrown Wagers Editorial Team Updated Bovada Help

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You can’t withdraw Bovada bonus money until you’ve met the bonus’s rollover, which for a deposit bonus means betting a set multiple of your deposit plus the bonus. Until then it sits in your Bonus Funds balance. Bovada’s terms say that trying to withdraw, or cashing out a bet early, before the rollover is done may cost you the bonus and anything you won with it.

You can also forfeit the bonus if you don’t want to keep playing. Anything the bonus has won goes with it.

The rollover has to be finished first

Bovada defines rollover as the total you need to bet before you can cash out your bonus and any winnings attached to it. For deposit bonuses it’s worked out on the deposit and the bonus together.

Say you take the sports welcome bonus, a 50% match up to $250 with a 5x sports rollover. You deposit $300 and get a $150 bonus, so you need to place $450 × 5 = $2,250 in sports bets. Once you have, the bonus and whatever it has won are released to your Available to Withdraw balance.

Our bonus calculator works this out for any Bovada bonus, including roughly how much you’d bet in total and what that’s likely to cost.

The multiple depends on where you play. The same sports bonus needs 30x if you use it in the casino, and Bovada’s casino welcome bonus is 25x. Many casino games count for only part of each bet, which our guide to using bonus funds on Bovada breaks down.

Your deposit is tied up as well. It sits in Locked Funds and is released as you work through the rollover, which our article on locked funds on Bovada explains. Bovada says most bonuses expire after six months.

Withdrawing or cashing out early

Bovada’s bonus terms say that any attempt to withdraw funds or cash out bets before the rollover is complete “may result in the bonus and any winnings attained being forfeited.”

That covers the sportsbook’s Cash Out option, which lets you settle a bet before it’s decided. Using it with a bonus active could cost you the bonus.

The terms say “withdraw any funds,” so they aren’t limited to the bonus money. If you have money in Available to Withdraw and want to take it out while a bonus is still running, check with Bovada customer support first.

The max-bet rule

While a bonus is active, Bovada caps each bet at a share of your deposit. A sports bet can be up to 50% of the deposit, and a casino bet up to 20%.

With a $300 deposit, that’s $150 on any one sports bet or $60 on any one casino spin or hand. Bovada’s terms say going over the limit “may result in account closure, forfeit of the Bonus and any winnings generated during the wagering of the Bonus.”

Other things that can void a bonus

Bovada’s bonus terms list what it treats as bonus abuse, including:

  • Using more than one account
  • Hedge betting, or equal, zero-risk or low-margin bets
  • Playing bonus money on excluded games
  • Cashing out so you can re-deposit with a new bonus
  • Colluding with other players
  • Masking your IP address or using a VPN

Bovada’s terms of service go further on VPNs, treating them as fraud that can get an account closed and its balance forfeited.

Forfeiting the bonus

You can give up a bonus at any time. Click the profile icon, choose Rewards, click the dropdown arrow next to the bonus under Active Bonuses, select Forfeit Bonus and confirm.

Bovada says any winnings from the bonus are permanently removed along with the bonus, and its terms say everything the bonus generated is void. Its help page tells you to be “100% certain” before you do it.

Take the $300 deposit and $150 bonus from earlier, and say you’ve bet $900 of the $2,250 rollover. Forfeiting means giving up the $150 bonus and anything it has won. The alternative is betting another $1,350 to finish, so it comes down to whether you want to keep playing that much.

Bovada’s pages don’t say what happens to the deposit in Locked Funds, or to winnings made with it, when you forfeit. Ask customer support what you’d keep before you confirm.

Limits on no-deposit bonuses

Some bonuses don’t need a deposit, such as cash bonuses claimed from the Rewards menu. Bovada’s terms of service, last updated in January 2024, cap how much you can cash out from these. A no-deposit bonus under $100 has a maximum cashout of $125, and one over $100 is capped at 1x the bonus amount. Our article on Bovada no-deposit bonuses covers what’s on offer.

Even without a bonus, Bovada wants every deposit wagered once before you withdraw any winnings. For more on Bovada’s bonuses and banking, see our Bovada review.

If you haven’t joined yet, taking the welcome bonus is optional. Check its rollover and max-bet rules first, and skip it if you’d rather not have your deposit tied up.

See Bovada’s welcome bonus

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Only bet what you’ve set aside to lose. If gambling has stopped being fun, call or text 1-800-MY-RESET (1-800-697-3738) for free, confidential help, 24/7, or chat online with the National Problem Gambling Helpline.

Sources

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