| Updated: November 4, 2021Bovada represents everything an online sportsbook should strive to be. The betting site boasts an extensive list of sports and betting markets. Furthermore, it provides its users with the opportunity to bet on an event that has already kicked off. At Bovada, even inexperienced sports fans can make informed choices thanks to the available statistics and live scores. Next to that, Bovada is among the few online sportsbooks that can brag about their live streaming services.
Sports fans who join Bovada will have the opportunity to benefit from plenty of generous promotions. But one of the most attractive aspects of the betting site is its Loyalty Program designed to cater to the needs of regular punters.
Full Bonus Terms and Conditions
If you are looking for a sportsbook that will appreciate your loyalty, do not hesitate to join Bovada. The bookie realizes the importance of attracting newcomers, but the success of a business is based on its loyal customers. That is why it offers a Loyalty Program that features six tiers. To advance through the tiers, members of Bovada have to collect points. For every $1 you wager, you will receive reward points as follows:
It is crucial to note that the points are credited when the bet is settled. The bookie takes into account the lesser of the win or risk amount when calculating the number of points you are entitled to receive. Members of Bovada can redeem the points for bonus funds that can be consumed in the sportsbook, racebook, casino, or to buy tickets for poker tournaments. The redemption rate of the reward points varies between the tiers. If you reach the last level, you get $1 for every 1,000 reward points.
Wagering Requirements
The wagering requirement you have to clear depends on whether you want to use the bonus funds in the sportsbook, racebook, or casino. If you use the bonus funds to wager on sports or horse races, the playthrough requirement is 2x. You have to meet the wagering requirement before requesting a withdrawal.
Other Bonus Rules
Sports fans should know that they cannot lose their loyalty status. In other words, punters can only achieve a higher tier once they enter Bovada’s Loyalty Program. The status is determined by the number of lifetime points you have collected. Punters cannot redeem lifetime points for bonus funds.
However, reward points are valid for 12 months. If you do not redeem your reward, the reward points will expire. Provided that you want to convert your points into cash, you have to navigate to the Rewards Portal and click on the Get My Bonus button. Punters have the option to redeem a portion of their points.
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