Online Sportsbook Deposit Methods
There are so many excellent online sportsbooks with Vegas style odds in the ether right now, and chances are you are a member of one, or are considering becoming one. This page is here to talk about possibly the most important aspect of opening an account, getting that account funded so you can start betting! Most sites offer numerous options to do this, while others only have one or two. The thing that is of chief importance is choosing a reputable site with a large member’s base, because then you know that the players are happy. If that weren’t the case, they would’ve moved on to a better site. In addition to showing you how deposits work, we will also review the sportsbooks with the fastest and safest funding methods.
Get ready to learn how to jumpstart your sports wagering experience by funding your account efficiently and safely. You are going to learn about the legality of sending money to overseas sportsbooks, the safety measures they instill, and the ways in which you can build your bankroll. After reading this article, you will be fully able to load your account and start winning money.
Yes, it is, but you might want to know why exactly. One of the laws that conflicts with betting sites in the US is the Unlawful Internet Gambling Enforcement Act (UIGEA). This law restricts businesses from knowingly accepting funds from wagering sites, and while it effectively eliminates most American-based sites, it doesn’t extend overseas, where the best online sportsbooks operate. That’s right; the bookmakers that millions of U.S. sports fans turn to every day are not facilitated in our country, but rather in districts with less severe gambling laws.
Overseas bookmakers are able to operate out of places like Canada, Costa Rica, and the Republic of Panama. Like legal land-based sportsbooks for the US, they are able to serve US players without any legal repercussions. And you are able to deposit money into one of these sites without fear of being arrested. The UIGEA doesn’t have any sway over funds being sent out to legitimate sportsbooks. Occasionally these sites will alter their methods, but you can be certain that there will always be a simple, quick, and efficient way to make a deposit.
Safety Measures For Making Deposits At Online Sportsbooks
These popular sites can afford to use the most powerful security platforms in the world. They use the same hardware and software as sites like PayPal and Amazon, and your money will be as safe as when you purchase something online or store your money in an eWallet. The high level encryption techniques ward off cyber-thugs that are out to steal identities, and the only way anyone could break through the digital code is if they happen to own the site. There has never been an instance of a member losing personal data at any of the top ranked online sportsbooks, so you have nothing to worry about.
Learn More - Is It Legal To Wager at an Online Sportsbook?
Now that you know about the legality and security of sportsbook deposits, why not find out about the best sites out there? We are sports fans for life that have tried out numerous online options, and have compiled a list of our personal favorites. You can be sure that the sites that we consider are also popular worldwide, and tend to have the most members. Take a look at least, we know you won’t regret it.
If you are looking for a supreme online sportsbook with amazing options for funding your account, BetOnline is the place to go. They offer the fastest options in the game right now. You can choose from credit/debit card transactions, which take minutes, or cash wire transfers, which take less than 48 hours. Those are only two of the great options. You can also deposit with money orders, gift cards, bank wires, Bitcoin and more. Anyone can sign up, and anyone can get rich at BetOnline.
This site is so nice that they will reward you simply for making a deposit. They are offering a welcome bonus that can add up to $1,000 to your initial deposit. Just type the promo code FIRST into the cashier when you make your deposit and the ball will start rolling on your bonus. You will have to wager some before the money becomes available, but this should be simple if you are an avid bettor. BetOnline makes dreams come true, and you can join for free today.
There are plenty of ways to deposit funds at online Vegas sportsbooks, and most sites offer at least a few. You will find fast methods, slow methods, expensive methods, and cheap ones. They all have their pluses and minuses, but each method is worth trying out. Let’s take a look at the most common deposit types you will find at the best online sportsbooks.
Credit/Debit Card Deposits
Most, if not all, sites allow players to use their cards to deposit. This is by far the most popular and efficient way to fund an account. Simply enter your card information along with the deposit amount, and your bankroll should be funded within minutes. You can even choose to store your information for faster future deposits if you would like. This is the most used method in the sports wagering industry.
Cash Wire Transfers
Using MoneyGram or Western Union can be a great way to deposit funds. Many sites allow you do to this completely online. Otherwise, you can go to your local gas station or grocery store and wire over the information. This usually takes less than 48 hours, and generally comes with low fees.
Money Orders/Gift Cards
You can send in a money order to most sites, or used certain gift/prepaid cards to fund your account. Both of these rarely come with fees and are great ways to get your bankroll going. Money orders take longer since they have to travel through the mail. Gift cards usually process instantly since all you have to do is give the site the code that is on the back of the card.
Bank Wire Transfers
If you are planning on depositing a large amount, say over $3,500 per pop, then bank wire transfers are the way to go. This method sends funds from your savings account, and comes with high fees but high maximums as well. Some sites have no maximum on how much you can deposit with this method. Bank wires are also quite fast, usually taking less than a week to process.
Bitcoin And eWallet Transfers
If you use any of the online wallet sites, except for PayPal, many sportsbooks will accept transfers. Many players use their Bitcoin accounts exclusively to transfer funds back and forth from the sportsbooks. This is a great method that comes with little or no fees, and usually takes less than 48 hours. Sometimes eWallet transactions are as fast as credit/debit cards.
These popular sites can afford to use the most powerful security platforms in the world. They use the same hardware and software as sites like PayPal and Amazon, and your money will be as safe as when you purchase something online or store your money in an eWallet. The high level encryption techniques ward off cyber-thugs that are out to steal identities, and the only way anyone could break through the digital code is if they happen to own the site. There has never been an instance of a member losing personal data at any of the top ranked online sportsbooks, so you have nothing to worry about.
Every deposit method you will find is different, and they all usually have fees and limits. When it comes to speed, the electronic transactions are obviously going to be faster than anything sent through the mail. Credit/debit cards and eWallet transfers are the fastest options. Fees are needed because of the expensive cost of sending funds overseas. Bank wires usually have the highest fees, but also come with very high maximums. Sometimes sites will allow free credit card, Bitcoin, and gift/prepaid card transactions. The thing to do is always read the fine print when deciding upon a deposit option so you will know exactly what you are in for.
Now the fun stuff! Many sites will offer sportsbook deposit bonuses throughout your tenure with the bookmakers. These range from 25% to 100% of your deposit, meaning you can sometimes double the amount you put in. These come in the form of welcome bonuses and reload bonuses. The welcome promotions reward you for becoming a new member and getting your account funded. The reload perks reward you for every subsequent deposit you make as long as it qualifies for the bonus. Fulfilling the terms of a deposit bonus usually amount to entering a promo code so the site knows that you want to take part, and completing a rollover requirement. Rollovers are the amount of times you must wager the deposit amount, as well as the bonus amount, before the extra funds become available.