What Is Mybookie

  
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MyBookie reserves the right to void any transactions involving such funds, either at the time or retrospectively. MyBookie is a recreational sportsbook and will only accept recreational action. Online gaming pioneers created MyBookie in 2014, vowing to improve services where so many other brands failed. MyBookie’s top priorities have always been the easiest deposits, the fastest payouts.

If you accept a MyBookie Bonus, whether free play or cash, you will be required to meet a “rollover requirement” before submitting your payout request.

Founded in 2014, MyBookie.ag is a seasoned veteran in the online casino and sportsbook space. Unlike some websites that have just popped up in the last year or two, they has much more experience under. Mybookie IS A FRAUD Mybookie IS A FRAUD. THEY WILL TAKE MONEY OUT OF YOUR BALANCE TWICE FOR THE SAME BETS. AND TRY TO BE SNEAKY ABOUT IT. Customer service is a bunch of clowns too!

To learn how to conveniently check the rollover progress bar in your account menu click here.

The rollover requirement is a set amount of action, based on your deposit plus bonus, that must be achieved before withdrawal. Without the requirement, players could deposit, receive the bonus and immediately withdraw.

If this were the case we could not offer the world class bonuses which we do. The rollover on a standard MyBookie bonus is 10x the deposit amount plus the bonus.

ExampleA: You deposit $100 and receive the 100% sign up bonus with a ten time rollover

Deposit Bonus RolloverRollover Requirement
$100$10010 x$2000

What this means is you must place $2000 in total action, regardless of winning or losing the wagers, to meet the rollover requirement and thus be eligible for a withdrawal.

ExampleB: You deposit $100 and receive the 25% reload bonus with a five time rollover

Deposit Bonus RolloverRollover Requirement
$100$255 times$625

As you can see, the rollover requirement varies based on the size of the bonus you accept. As a general rule, the lower the bonus percentage, the lower the rollover.

Please note that only the lowest amount between the risk and the win counts towards your rollover requirement.

For instance:

What is mybookie

KC Chiefs (-110) $110.00 to win $100.00. $100.00 would be applied towards the pending rollover and not $110.

If you are planning on withdrawingshortly after your deposit you can accept no bonus to avoid the rollover requirement.

Visit our Withdrawal T&C article for more information. Learn about Sports bettingon major sports. Make a bet in our Sportsbook.

Consult our Withdrawal most frequently asked questions (FAQ).

Good Luck!

More articles Related to these Topics rollover

It’s not often that offshore online sportsbooks — where tens of billions of dollars are wagered by Americans every year — get much in the way of bad press. In fact, they’re often really good at getting good press mentions in the US.

That’s why it captivated the sports betting world and some of the mainstream media when Barstool Sports — and its leader, Dave Portnoy — suddenly took aim at one offshore book, called MyBookie.

We won’t detail the feud, but here’s a pretty good summation of what happened from Portnoy (warning, not at all suitable for work):

Only idiots would gamble with @betmybookiepic.twitter.com/4QqoMnbKF5

— Dave Portnoy (@stoolpresidente) April 9, 2019

Anyway, we’re not here to recount the blow by blow of the simmering feud. What we are here to tell you is what you should know about offshore sportsbooks, if you’re familiar with them or not:

Offshore sportsbooks like MyBookie operate illegally

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Offshore sportsbooks are not sort of illegal or kind of illegal. They are operating illegally if they are taking wagers from bettors in the US. Full stop.

MyBookie is hardly the only sportsbook site or app that does this. There are dozens, if not more, although there are a handful of truly major players offshore.

Mybookie

Offshore sportsbooks violate at a minimum:

  • The federal Wire Act
  • Likely some other federal laws
  • A variety of state laws that prohibit unregulated sports betting, or just ban it altogether.

The fact that some offshore books have a license to operate in Costa Rica or some Caribbean nation is great and all, and it makes them legal in that jurisdiction. People might cite an ongoing World Trade Organization dispute between the US and Antigua, but that is not a magic elixir for legality, either.

I’ll preface this next part as saying I am not a lawyer, and don’t take this as legal advice. But individual bettors at offshore sportsbook don’t seem to be under any kind of legal threat.

That doesn’t mean it’s entirely safe to do so, or that your money is under no threat if US law enforcement suddenly decided to start enforcing existing laws.

Anyway, the takeaway is that MyBookie (and other books) are illegally operating, like Portnoy says. Lots of people think, erroneously, that the US Supreme Court just legalized sports betting everywhere last year, which is not at all the case.

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Legal US sportsbooks have an inherent disadvantage vs. offshore books

Other than the fact that you are trying to evade US authorities and likely have difficulties with payment processing, offshore books have a decided advantage over legal ones in the US.

First off, there aren’t many of the legal variety. There are legal mobile apps only in New Jersey and Nevada. There will be later this year in Pennsylvania and West Virginiaand possibly Rhode Island.

If you’re in any other state — and this is important — you’re not betting on a legal app. That’s one of just several advantages that offshore books have that legal books don’t have to contend with. Offshore books:

  • Operate in just about any state they choose to serve. Legal sportsbooks must operate only in the states in which they are authorized.
  • The regulatory regime for offshore sportsbooks is basically non-existent, while legal books have to deal with more strict regulation, and different regulations in every state. This takes money and manpower to deal with.
  • Offshore sportsbooks don’t have to pay the same kinds of fees and taxes that regulated books do, especially a .25 percent tax on all wagers that the US government levies.

MyBookie going away doesn’t solve much for legal sports betting

Portnoy’s rant against an illegal bookmaker is certainly welcome news for proponents of legal betting. But let’s not make it out to be more than it is, which is a pissing match between a media outlet that thrives on such things and exactly one (1) illegal sportsbook.

It does shine a light on something that doesn’t get much play in the US — the fact that a sportsbook is taking wagers illegally. Far too often I see media outlets citing offshore books for quotes or odds, with no mention of their status in the US.

But Portnoy wasn’t ranting against ALL illegal sports betting. Portnoy got mad at one of them on Twitter, and he is trying to shut them down.

That’s great. But if MyBookie gets shut down, all of that action just moves to another offshore sportsbook. Nothing is really solved.

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There are plenty of believers and supporters of the offshore books, and I don’t take any issue with people who have no other options for legal betting.

Mybookie Payout Requests

But in order to have a legal sports betting market truly succeed, you can’t just let these sportsbooks exist in the status quo. Normalizing them alongside the legal bookmakers just reinforces their inherent advantages, as they ride the wave of popularity and increased search traffic around sports betting.

What Is My Booking.com Pin Number

So it starts with MyBookie. But it doesn’t end there.