Making Deposits At Sports Betting Sites
One of the most important parts of picking an online sportsbook for US players should be the funding options that are available. If you can’t get your money in and out of the site with ease, then your wagering experience will be annoying instead of fun and profitable. That is why it is wise to join the popular and reputable sites, because millions of members can attest to their safe and fast deposit options.
This article will cover these deposit options, as well as show you where to find safe online sports betting for US players. You will get comfortable with the legal aspects of funding online sportsbook accounts, and the safety methods they instill. We will also give you a sneak peak of the deposit bonuses that you will find at many sites, which will add some extra weight to your bankroll.
The answer is an enthusiastic yes! If you would like to learn all about the laws that affect online sportsbooks, check out our legal sports betting page. As far as deposits go, there is only one U.S. law that comes anywhere close to affecting them. This is the Unlawful Internet Gambling Enforcement Act (UIGEA) from 2006. While this law mostly has to do with sportsbooks that operate in America, it still has some small repercussions for overseas sites, which are the ones you will be using. The UIGEA asks that financial institutions limit their transactions with foreign betting sites. The most this will ever affect you is simply that your credit or debit card might be declined once in a while. This is simple to get around; either try another card, use a different deposit method, or try again with the same card later. We have never had this happen, but it isn’t out of the realm of possibility.
Will My Money Be Safe?
Yet again, the answer is a resolute yes. The best sites out there can afford to use the top of the line encryption, data monitoring, and anti-hacking techniques, as well as powerful SSL protocols. Your money will be as safe as if it was in Fort Knox. In fact, these sports betting sites for US players use the same banks and international transfer services as many of the big-name online retailers. They cannot afford to taint their reputations by putting people’s money as risk.
Making a deposit is similar on most sites. Once you create an account, you will have access to your own personal cashier. This is where you will manage all your deposits, sportsbook payouts, and bet amounts. If you click on the cashier you will see a list of deposit options. Usually, you will just choose one and complete the steps of filling in the amount and waiting for it to go through. However, there are some methods that require you to contact the site. We will cover all of your deposit options in a little bit.
We would like you to have all of the relevant information before you select a US online sportsbook. Knowing how and when you can add funds to your account is very important so you don’t miss out on a chance to wager on the next game. Not all sites offer every method we will cover. In fact, some only have a few options, while others have upwards of ten. The fact remains that, as long as you choose a reputable site, you will have no problem making deposits.
Fees, Speeds, And Limits On Deposits
Each deposit option will come with varying transfer speeds, as well as possible fees and limits. Not all sites are the same in this regard, so we will give you general amounts when we go over the deposit methods in the next section. Some sites will have fees on certain deposits and others won’t. It is up to you to decide which site you want to use, as well as how you want to load your account. Generally, credit/debit cards and eWallet transfers are the fastest methods, while anything sent by mail will be the slowest. Occasionally, the faster the method is the higher the fees will be, but this is not always the case.
Credit/Debit Cards
This is the most common way that US players make deposits at online sportsbooks. Almost all of them offer card options, and most accept Visa, American Express, MasterCard, and Discover. This is also one of the fastest methods, usually taking just a few minutes to process. Minimums range from $35 to $50, and maximums from $250 to around $3,500. Fees range from free to about 6.5% at some sites. This is a great option for anybody with a card, and is the most popular way to deposit worldwide.
Cash Wire Transfers
The second most popular deposit method that most sportsbooks offer would be a cash wire using either MoneyGram or Western Union. Most grocery stores and gas stations offer cash wire services, and all you need to do is fill one out and send it to the site to make your deposit. Most sportsbooks will allow you to contact them once it’s sent so you can give them the confirmation number, wherein they will credit your account almost immediately. This makes cash wires some of the fastest methods, usually taking less than a few hours, but sometimes up to 48. Fees can vary wildly from site to site, with some offering free deposits over $300.
Money Orders
A slower but very popular method is sending money orders through the mail. Many players like this because they don’t have to go through banks. They usually take under two weeks depending on the courier method you use, and generally come with fees between $25 and $80, depending on how much you deposit. Money orders can usually be sent for as low as $50, and as high as $10,000.
Bank Wire Transfers
Big ballers like to use bank wire transfers, which send money directly from a savings account, because their limits are usually the highest. Minimums are usually around $500, while limits can range from $24,000 to infinite. Because the limits are so high, fees are as well. They can range from around $40 to $180, depending on the deposit amount. Bank wires usually take a few days to process, and you will need to contact your sportsbook with your account information to complete the process.
Bitcoin
Bitcoin and other eWallet services are quickly becoming very popular at online sportsbooks. If you have a Bitcoin account, you can deposit and withdraw exclusively with this method for super-fast processing. A deposit will rarely take longer than a few minutes, but in rare cases can take a couple of days. Once you have made your first deposit at most sites, you will have the option to have all of your future funding automated with one-click service. Bitcoin fees are very low, and usually free. The minimums hover around $25, while maximums usually go as high as $3,500.
My Cash/Gift Cards
Many sites accept My Cash cards, as well as certain gift cards. The cashier section will tell you what kind of cards they accept. Usually, you will just enter the number on the back of the card in the cashier, and your deposit will go through within minutes. May Cash/gift cards rarely have fees, and maximums vary quite a bit. You can generally deposit up to about $5,000 with a gift card.
Another great thing about deposits is that most sites offer bonuses that will boost your bankroll. First deposit bonuses will reward you for funding your account for the first time by offering a certain percentage of extra funds to wager with. These range from $250 to $1,000 maximum. You are also going to find reload bonuses, which will reward you on every deposit you make. These usually have smaller maximums, but you can take advantage of them as often as you want.
Sports betting deposit bonuses usually come with promo codes and rollover requirements as well. You will usually enter the code for the bonus you want to take advantage of when you make your deposit on the cashier page. Rollovers require you to wager a certain amount before you can withdraw your winnings. Check the terms and conditions of each bonus before you decide to take it.
We will now get in to some reviews for a few great sports betting sites for US players that offer fast deposit options. Each website that we highlight has an excellent reputation by players from all over the United States, as well as prominent sports media outlets. Each site that we review comes with many excellent deposit options that are fast and safe, so get ready to wager!
Trusted Sports Betting Deposit Methods for US Players!
Bovada has been a leading name in sports betting for over two decades, making it one of the oldest and most well respected online sportsbooks in the world. One of the many reasons people love Bovada is because the site offers some great ways to deposit funds. They might not have as many methods as everyone else, but the few they do have are top notch, safe, and very fast. They also offer a $250 first deposit bonus that will ass some serious weight to your bankroll.
If you are the owner of a Visa or MasterCard-branded credit or debit card, then you will be able to make a deposit within minutes. Simply head to the cashier once you have signed up and choose your card type. Enter in the amount you would like to add, and you should see the money in your account in seconds. If you deposit over $50, you will be eligible for the welcome bonus as well, which you should surely take. You can also deposit via Western Union or MoneyGram, so you have many options at Bovada.
Lightning-Fast Deposit Processing Times!
The internet is popping with sports betting sites right now, and BetOnline is at the top of nearly every “top ten” list you will see. The site accepts residents of all fifty states, and you just need to be over 18 in order to sign up. There are some stupendous bonuses at BetOnline, including a welcome reward that can earn you up to $1,000 on top of your first deposit. Check out the promotions page at BetOnline to learn all about the extra money you can win.
Deposit methods are abundant at BetOnline. If you are a card owner, you can use Visa, MasterCard, American Express, Discover, and even JCB. The options don’t stop there though, as you will also find fast and safe methods such as cash wire transfers, Bitcoin, money orders, and bank wire transfers. Most of these deposits come with minimal fees and high limits, making this site perfect for high rollers and betting neophytes alike.