Effective Betting Turnover
What is Effective Betting Turnover?
Effective betting turnover, also referred to as effective betting, effective wager, effective wagering, effective betting, effective wash trading, or effective wash code, is a term commonly used in online gambling platforms as a withdrawal condition. Regardless of whether you win or lose your bets, the full amount will be counted towards the effective betting turnover.
Calculation Formula :
(Bet Amount × Turnover Ratio = Effective Betting Turnover)
Here are some examples to better illustrate the concept :
Example 1
Promotion: First deposit of 1000, effective turnover of 0.8 x
Player deposits 1000, effective turnover requirement is 0.8 x, so the player must reach an effective turnover of 800 to be able to withdraw.
Example 2
Promotion: First deposit of 3000 with 50% bonus, 15x turnover (deposit + bonus)
Player deposits 3000, the 15x turnover is calculated on (deposit + bonus) = ( 3000 + 1500) x 15 = 67500. Additionally, the original 3000 deposit also requires 1x turnover, so the total effective turnover required is 67500 + 3000 = 70500 before the player can withdraw.
The key points are :
- Effective betting turnover refers to the total amount bet that counts towards withdrawal requirements, regardless of win or loss.
- It is a common condition for withdrawals on online gambling platforms.
- The calculation involves multiplying the bet amount by a specified turnover ratio.
- Bets that are considered “risk-free” or result in a “push” do not count towards effective turnover.
Conclusion
Understanding the concept of effective betting turnover is crucial for online gamblers, as it directly impacts their ability to withdraw their winnings. By being aware of the calculation formula and examples provided, players can better navigate the withdrawal requirements set by online gambling platforms.