Bovada bonus rollover ?

I made the mistake of accepting a bonus with Bovada. I'm trying to complete the rollover so I can withdraw my winnings. After the NFC Championship game I will have $3070 in my account regardless who wins. I need to rollover $8000 more to complete the rollover. I wanted to get feedback to see if this is stupid or not. Should I put half the money($1535) on heads for the coin toss for the Superbowl and put the other half on tails? Right now heads and tails is -105 each. I would lose money on the bet regardless. I believe I would be guaranteed to lose about $70. However, I would speed up my rollover process dramatically. Is that smart or dumb? I appreciate the feedback.

Are you are worried that you will piss away your winnings, or that Bovada could go out of business in a couple years...?  Or is there other urgency that is needing you to be able to withdraw?  If you are up that much, I would consider staying the course, and up your bets a small percentage.  Could make that $3K into $4K.

If you need the money because of financial issue in your life, then it is a decent strategy.  Obviously you are losing money in long run.  Good luck.  

well said 

Most ppl piss the money away before completing the rollover to be able to withdraw so if you are able to complete it I salute you

Sounds pretty dang smart to me

TAKE YOUR MONEY!!!!!

Chip away chip away I have won a few roll overs  3 or 4  I don't get involved in them any more but when I did I made it a season long thing to win the roll over  I look at it as a contest  I had 2 accounts 1 for beting the other for winning the roll over. The key chip away

I would ask since football is close to being done, and you have a lot of wagers on your plate to complete.  What is your plan?  Are you good at other sports?

I appreciate the feedback. I really don't want to blow it and lose the money. I do some college basketball betting as well. I may place a future bet with the NCAA Tournament and withdraw the rest when I complete the rollover. 

@CubsFan0405

Change your mindset my friend and this will be a non-issue.  Allow me to explain.  I was an inexperienced sports bettor at one time and looked at such situations with caution rather than confidence.  When I changed my mentality, it changed everything.  Put it this way - if you decided to get involved with sports betting in the first place, you likely did so because a part of you believes you can be good at it and can .  If you have been able to make profits so far, sit back and evaluate the wagers (every single wager - even if it's hundreds of wagers to go through).  It is worth your time.  The evaluation of your wagers will disclose how many of your wagers were skill, how many were luck, and how many were a combination of both.  Luck certainly plays a role, but so does skill (think wagers that hit easily).  If you are good enough to have the discipline of bankroll management, not chase losses, not dramatically UP your bets just because you have a win streak going, and not feel the burning need to place a wager if you do not like the games you see on the board, you are a disciplined sports bettor who will successfully withstand the inevitable ebbs and flows of betting and not burn through your bankroll.  All the best to you brother. 

I've used Bovada and really don't like them at all.  However, I would usually play 3 hands on blackjack when needing to rollover and it adds up quicker than you think over time.  Of course, they changed it from hard 17 to soft 17.  That's only .3% for an extra edge but it's still lame.  I also saw a 9-card charlie on there, which I have to think is fairly unlikely for me to witness in person.  That's the danger of playing a computerized version of blackjack, though.  Unless your rollover is ending in the next month, you have plenty of time to space it out and earn the points necessary to complete the bonus.  I suppose you can place large wagers on games if you want.  I just don't see why you need to rush it if you've got a bankroll that size.

@sicknesscity

 I have plenty of time to complete the rollover. It doesn't expire until April. Just don't want to do something foolish and lose the money before I can withdraw. 

I have a few questions on this for you, if you do not mind.  

1) Is there a time limit to roll over (should be in the bonus terms and often is 30 days)

2) Is that 3070 in the account exclusively bonus money or a combo of your money and the bonus money?

The 8k rollover is challenging, but not horrible.  Thus far in the money of January I have bet a total of $2000 betting mostly college BB.  I usually have between 5-9 plays (9 on the weekend) and divide my unit by the number of games (averages to about 7.50 a game).  I am hitting 53.8 % of my games, but I do play a bunch of money line dogs and play no public teams ever.  So absent any info on you, if you are somewhat diligent and methodical with your plays.......you can walk away with all of your bonus money.  

@unplucked_gem

 I have until April to complete the rollover. Time is not an issue. The $3070 Is a combo. Do you think it would be smart to bet on the coin toss for the Superbowl and divide it up on heads and tails to speed up the rollover. I would be guaranteed to lose $70. However the rollover would speed up dramatically. 

In my terms say a bonus cant be played on both sides of a play.  Idk about Bovada, just read your terms carefully.

If it doesn't prevent you, I think you're solid.

I think @unplucked_gem has a point. Some books have restricted playing bonus money on both sides of a game because it's been done before and an easy way to rollover. Rollovers are there to reduce players' chances of winning and withdrawing, books know all the tricks. You could even get your account blocked if you do that.