Deposits and Withdrawals in Sport Betting

Deposit and withdrawal options have changed. Each sportsbook option has its unique advantages and disadvantages. Ranging from cryptocurrencies to credit cards, we give you detailed information on deposit and withdrawal options.

Depositing Funds into your Sport Betting Account

Every online sportsbook details gambling deposit methods they consider popular. Most of them will offer a bonus if you use a certain method once or several times. However, some of the methods are only applicable to certain locations. The following are the most common:


Because E-wallets allow bettors to send the money instantly without any additional fees, they are considered superior to other payment methods. Most e-commerce banking methods also allow the withdrawal of the winnings using the same account. It means the betting site is likely to release the cash almost immediately after a request is made. Unfortunately, this option, among other popular ones, is limited in countries with strict anti-gambling laws. Some of the E-wallets include Skrill, Click2Pay, NETeller, and, PayPal. Because E-wallets are heavy on money laundering, lengthy account setups are involved.

Instant Banking and Online Banking

Here, sportsbooks offer their account details instructing your bank to complete payment. It is done online, and the transaction can be done almost instantly. Prepaid cards work like gift cards where you load your card with a certain amount and then offer your card details to the bookmaker for the transaction to be made. The payment is usually in the form of a voucher. Users can, however, convert large vouchers into smaller ones.

Credit and Debit Cards

These include Master card, Visa Electron, Visa, among others. Credit and debit cards are mostly accepted by the majority of the larger online sportsbooks as a quick way of completing payment. Check systems apply too. Should the payment fail to go through, some sites may reject your deposit. Some may offer solutions if you get a representative on the line.

Other Popular Deposit Options

The following options are accepted by most betting sites. However, be careful to check the individual list of methods and currencies accepted.

  • MasterCard: Among all sportsbook sites, MasterCard is considered to have the lowest acceptance rate. However, transactions are possible in the larger sites.
  • Visa Cards: Their rate of acceptance across the globe is high. In the US, however, the acceptance varies.
  • Click2Pay: This is an E-wallet that can be used to make a deposit. It offers highly efficient services because it is the most established in soccer gambling.
  • Bank Wire: Instruction is given by your bank to pay the betting site directly, something that creates processing barrier. It is not an option in many betting sites. Bank Wire is only applicable to members who have participated for some time and meet certain conditions.
  • Person to Person Deposits: You can use international money transfer to pay your online sportsbook. The process may involve a lot of phone calling or interaction with customer service.

Cashing Out Withdrawals

When withdrawing your winnings, each site has different recommendations and systems. Most of them offer bonuses for a fixed schedule payout. The safest practice in sport betting is withdrawing regularly to avoid the temptation of placing larger and riskier bets. Different sites offer varying methods of cashing out. The most popular are:

  • Credit cards or debit cards
  • PayPal
  • Skrill
  • Bank transfer
  • Bitcoin
  • Checks

It might prove difficult to choose a betting site. However, the best vendors offer the most established ease of use on their platform. For more details, follow código bônus promocional da Sportingbet Brasil.

You Might Also Like