A common question among sports bettors is “What does rollover mean exactly?” The expression is used when a sports bettor has wagered a certain amount of money on an event and the outcome turns out to be worse than expected. In this case, the sports bettor is said to have “rolled over” on his bet.
There are two distinct but related meanings of “rollover” in sports betting. First, if you incur a loss on a single wager, you can “roll over” that loss. Second, if you win a wager, you can “roll over” those winnings to make additional wagers.
Roll Over Losses
When you bet on sports, money is certainly no object. You’ll often find sportsbooks where you can wager large sums on a particular game. This is attractive to recreational bettors who are looking to place a single bet or a small stack of bets, but it comes with a price: high rollover rates. The prevalence of high rollover rates means that you should take care in how you allocate your money and how you manage your bankroll.
Rollover rates are high because bookmakers want to ensure that you’ll place additional wagers after your initial stake. The bookmaker assumes that if you had a bad experience with a previous wager, you’ll either not place another bet or will reduce your maximum wager amount. In some cases, this will cause you to leave with a net loss instead of a profit.
The solution is easy: don’t bet more than you’re willing to lose. If you’re trying to profit from sports, stick to bets on horse races or other long-shot odds. For a single bet or small stack of wagers, these are the types of bets where you’ll find the best return to risk ratio.
Roll Over Wins
On the other hand, if you win a wager and want to continue betting, you have two options. You can either “roll over” your winnings or you can use your winnings to pay off existing debts. Weighing these two options against each other will help you decide which way to move forward. Let’s take a closer look at each option and what it means for your bankroll.
If you roll over your winnings, you’ll simply take your original winnings and place another wager of the same amount on a different sporting event. This is the most basic and common form of “rolling over” a win to make additional wagers. While this might sound like a no-brainer, there is actually a skill to ensuring that your winnings are rolled over appropriately.
One of the best sportsbooks around makes the entire process of betting, registering, and settling wagers easy and transparent. You’ll also find the site offers a detailed FAQ section with frequently asked questions. Additionally, you can have your winnings credited to your accounts as soon as possible via an e-mail notice sent to your registered e-mail address.
Why Use a Credit Card?
Another wise move when gambling is to use a credit card. Not only do you have the security of having a credit card attached to the account you’re using to make the wagers, but you can also use the credit card’s built-in cash back feature to cover your losses. This can even be a profit-making exercise if you’re taking advantage of the right sign-up offers. For example, the Chase Sapphire Preferred offers up to $100 in cash back when you spend $500 in a single month on travel and dining out. You’ll also get $100 in store cash back when you make a purchase of at least $250 at one of the card’s supported merchants. These are just a couple of the many offers available to you as a cardholder. You can get a free membership to TopCashback if you sign up through our affiliate link.