Bovada Rewards Terms and Conditions

The Bovada Rewards program (“Promotion”) goes into effect starting August 22, 2017. Only game activity occurring after this date counts towards the Promotion.

 

Rewards Points and Conversion

  • All aspects of the Promotion, including point accumulation rules, point redemption value, bonus value, player eligibility, dates and times of credit issuing or anything else relevant to the Promotion can be modified, suspended or cancelled at any time, without cause or prior notice.
  • Bonus programs are intended for recreational bettors only. Professional players or players considered to be abusing the bonus system by any means may have bonuses revoked and be subject to further sanctions, at the discretion of Bovada Sportsbook, Casino and Poker Room management.
  • The general rules and policies of Bovada.lv along with standard Terms and Conditions shall also apply to this Promotion.
  • Players can earn rewards points by making Sports wagers or playing in the Casino with cash only.
  • Rewards points are not earned from play using bonus or locked cash.
  • The rate at which rewards points are earned varies per game, game category and wager type.
  • Rewards points for Sports wagers are only issued upon the settlement of a bet. In the case of No Action on a wager, then no rewards points will be issued.
  • Rewards points for Sports wagers are issued based on the wager amount or the win amount, whichever is lesser.
  • Rewards points are not issued for Sports wagers which are graded as a push.
  • Points can be converted at any time into bonus cash.
  • Bonus cash purchased with rewards points can be used to play in the Casino, Sportsbook or Racebook. Bonus cash purchased with rewards points can not be used to play Poker.
  • Players can redeem their rewards points based on the redemption rate of the tier they are currently in.
  • Rollover for bonus cash purchased with rewards points is 2x Sports/Racebook and 10x Casino.

 

Daily Cash Back on Losses

Every day at midnight if a player's cash balance is below $10 then the following calculation is done to determine if they are eligible for a cash back bonus. Calculation is done as follows:

  • From the last time you received a cash back bonus, we look at your total deposits, minus your total withdrawals, minus your ending balance.
    • In the case that you have not yet received a cash back bonus then the calculation is done from the date of your first deposit, or the Bovada Rewards launch date of August 22, 2017, whichever is more recent.
    • Any funds in play as of 12:00 AM EST are discounted from your deposited amount and will be eligible for cashback the day after it settles.
  • If that number is positive, then we’ve determined you have suffered a loss and are eligible for cash back.
  • Cash back percentage is based on your rewards level and is issued in the form of a cash bonus.
  • Cash back bonuses will be issued daily before 5 PM ET.
  • Your cash bonus can then be used anywhere in our Sportsbook, Racebook Poker Room or Casino.
  • Rollover on cash back bonus is 1x Sports/Racebook, 1x Casino and 1 Poker Point per dollar.

 

Here is how you earn points

Game/Wager Type Wager Amount Rewards points per dollar in handle
Video Poker $1 1
Table Game $1 1
Single deck blackjack $1 1
Double deck blackjack $1 1
Blackjack $1 1
Slot Game $1 5
Specialty games $1 15
*Sports Singles $1 10
*Sports Teasers $1 15
*Sports Round Robin $1 20
*Sports Parlays $1 20

 

 

LEVEL UP

Level Tier Points Required Redemption Rate Daily % Cash Back on Losses
Starter Level 0 2500/$1 5%
Rookie Level 1 2,500 2,500/$1 5.5%
Rookie Level 2 5,000 2,500/$1 6%
Rookie Level 3 10,000 2,500/$1 6.5%
Pro Level 1 25,000 1666/$1 7%
Pro Level 2 40,000 1,666/ 7.5%
Pro Level 3 60,000 1666/$1 8%
All-Star Level 1 150,000 1250/$1 8.5%
All-Star Level 2 250,000 1250/$1 9%
All-Star Level 3 500,000 1250/$1 9.5%
Legend Level 1 1,000,000 1000/$1 10%
Legend Level 2 1,500,000 1000/$1 11%
Legend Level 3 2,500,000 1000/$1 12%
Hall of Fame 5,000,000 1000/$1 15%

  • Bovada Rewards earns you points for all the Sports bets you make and the Casino games you play.
  • All sports bets including Single bets, Parlays, Round Robins and all Casino play including Slots, Table Games, Video Poker and Specialty Games.
  • Head over to your Rewards Portal and click on “Get My Bonus”, then you can choose to redeem all or just a portion of your Rewards points.
  • Redeem your Rewards points for cash bonuses, which can be used in our Sportsbook, Racebook or Casino.
  • No, but you will continue to earn Poker Points for your Poker play.
  • Not right now, but stay tuned!
  • Rewards points for Sports bets are only credited upon the settlement of the wager.
  • Yes, rewards points are issued on settled Sports bets for either the amount wagered or the amount won, whichever is smaller.
  • With every eligible wager you will earn both tier points and rewards points at the same rate. Tier points are cumulative and are used to track your progress moving up the 14 rewards levels. You can not convert tier points to cash bonuses. Rewards points are placed into your points balance and can be used at any time to exchange for cash bonuses.
  • The point balance is updated automatically and immediately after placing a Casino bet, while the point balance for Sports wagers is updated once the bet has been settled.
  • Rewards points expire 12 months after they were earned.
  • No.
  • Easily view your status level, points balance, bonuses as well as how many points you need to make it to the next level right from your Rewards Portal.
  • Our rewards program is new, but we know most of our customers are not. We reviewed all of our existing player accounts and placed them into the status level they deserve to be in based on their lifetime history with us.
  • Congrats. It’s possible you may now be invited into our exclusive Red Room so keep playing!
  • No, once you reach a status level, you’re locked in and will never lose it. Plus you’ll continue to reap the benefits, even if you take an extended time away.
  • Yes you can.
  • Unfortunately cash bonuses from our Rewards Program cannot be used in the Poker Room.
  • The rollover is 10x for Casino and 2x for Sports/Racebook.
  • Every day at midnight we check to see if your balance is below $10, not including money in play, and if it has then we check to see if you are eligible for a cashback bonus. This is how we calculate it: From the last time you received a cash back bonus, or your first deposit in case you haven’t received one yet, we look at your total deposits, minus your total withdrawals, minus your ending balance. If that number is positive, then we’ve determined you have suffered a loss and are eligible for cash back. Cash back percentage is based on your rewards level and is issued in the form of a cash bonus. Your cash bonus can then be used anywhere in our Sportsbook, Racebook or Casino.
  • Cash back bonuses are issued daily before 5 PM ET.
  • Any funds in play at midnight EST are discounted from your deposited amount and will be eligible for cash back the day after it settles.
  • The rollover is 1x for Casino, 1x for Sports/Racebook and 1 Poker Point per dollar.
  • Yes, we will be offering exclusive promotions and offers and expanding the program further in the future.