BONUS CREDIT


Coverbet Sportsbook Bonus Credit - Terms and Conditions

Bonus credits consists of all credits added to a user’s ledger account for up to (2) calendar years. The bonus credit (Marker) is deducted from the user’s ledger account on the last day of the first calendar year after all games are graded. If a user has not earned the bonus credit prior to the end of the first calendar year it extends to the end of the 2nd calendar year. All restrictions stay in place until the marker is paid back to the sportsbooks.

The bonus credit (marker) is only eligible through Coverbet for use in their Sportsbook network.

Once the first wager has been placed, user must meet all bonus credit requirements or be subject to all applicable penalties.

User bonus credit requirements

API must always be connected, or user is subject to losing bonus credit and responsible to pay all applicable penalties.

Bonus credit and deposits used to get bonus credit must stay in ledger account until bonus credit (Marker) is deducted from ledger account at the end of the first or second calendar year or user is subject to losing bonus credit and responsible to pay all applicable penalties.

Any profits from bonus credit (marker) must stay in balance or ledger account or user is subject to losing bonus credit and responsible to pay all applicable penalties.

All profits from users’ deposits can be withdrawn at any time with no restrictions.

User bonus penalties

If any of the above requirement are defaulted on at any time during the bonus credit (marker) period, the user is subject to losing all profits to date and a 30% administrative fee levied by the sportsbooks along with any other applicable fees.

The sportsbook network has the right to cancel or withdraw the Promotion or change any of its terms at any time and without cause or notice.