Withdrawing Funds From Sports Betting Sites
This might be the most important page you read if you are wondering about sports betting options for US players. How you are able to receive your winnings is a very important part of a sportsbook, probably the most important. With the speed and efficiency of the internet, online bookmakers now have powerful tools at their disposals with which to transfer funds overseas. The legal sports betting sites that accept US residents are all located outside of our country for legal reasons, so they must make sure to use safe and vetted international transfer lines.
This page will show you how withdrawals work at the best US online sportsbooks. You will get a good grasp on the legal and safety aspects so you can feel assured when requesting a payout. We will also cover all of the most common withdrawal methods that sites offer so you can know what to expect. Next time you win a big parlay and want to spend some of your hard-earned money you won’t have any problems. So read on and get ready to be a baller.
This is one of the most asked questions when it comes to funding methods, and for good reason. You never want to find yourself wagering with an illegal bookmaker or breaking state regulations when you are getting in on the action. Luckily, the sites that are reputable (the ones we review, for instance) know exactly what they are doing, and in most cases have been operating for more than a decade. They follow local, international, and even American laws so that they can function without any fear of complaints from boards or officials. Each payout method they offer is tried and true, never breaking any laws.
You might be taken aback at the fact that you cannot withdraw funds from an online sportsbook directly to your credit or debit card account. This is nothing to worry about, but you should learn why it is the case. There is a US federal law called the Unlawful Internet Gambling Enforcement Act (UIGEA), which restricts financial institutions from accepting certain types of funds from overseas wagering establishments. In order to stay clear of any wrongdoing in the eyes of the UIGEA, most sites will not offer credit/debit payouts. This is not a big deal whatsoever, as there are plenty of other fast payout methods that you can use, which we will cover shortly.
Can I Trust That I Will Get My Money Safely?
Of course, you must worry about safety anytime you are sending or requesting money online. Well, the great news is that the best online sportsbooks that allow US players to join are very reputable, and very safe. They use extremely advanced and expensive techniques such as deep encryption, traffic monitoring, SSL protocols, and impenetrable software to protect your identity and your money. They send funds over the most secure international lines, and use large and powerful banks to process transactions.
Now, let’s get to how to actually make a withdrawal. Most sites have a cashier that will be your personal banker once you have created an account. This is the page where you will make sportsbook deposits, request payouts, and manage your bets. Here you will also see a list of the available withdrawal methods that you can choose from. Once you know which option you would like to use, the site will have instructions on how to complete the transaction.
Now we will go over some of the most common withdrawal methods at sports betting sites for US players. Each one has its merits and its disadvantages, so we suggest reading over each one before deciding on how you want to get your money. While they all should work flawlessly, some require more effort on your part than others do, so keep the instructions in mind.
Fees, Speeds, And Limits On Withdrawals
Before we get into the individual methods, you should know about the terms and conditions. Most withdrawal methods will process at varying speeds, have limits on how much you can request, and sometimes come with fees. We will touch on all three of these aspects when we talk about each withdrawal option, but if you want to learn exact numbers or times then you will need to visit the funding methods or cashier section of the sportsbook you are a member of.
Cash Wire Transfers
One of the most popular withdrawal methods is using a cash wire transfer service such as Western Union or MoneyGram. Most grocery stores and gas stations offer cash wire services, and they will be where you will pick up your cash once your withdrawal goes through. You can request a cash wire directly from the sportsbook cashier, and they will give you a number which you will take to your nearest retailer, where they will turn it in to cash. These usually take less than two days to process, and generally come with small fees. However, many sites will offer free cash wire payouts if you request over a certain amount, generally around $300. The limits tend to top out around $3,500.
Checks In The Mail
Many players love to request checks as payouts because there is nothing better than receiving a big check in the mailbox with your name on it. Also, many sites offer one free check payout per month, so that deals with fees right there. Checks are one of the slower methods since they have to travel through the mail. They usually take around two weeks, although you can request checks sent by EXPRESS courier for a small fee. The limits tend to be around $3,500, and minimums hover around $25-$50.
My Cash/ATM/Gift Cards
Many online sportsbooks will offer gift cards, ATM only cards, and My Cash cards. In the case of gift cards, the site will give you a code with which you can use at certain retailers. This drastically cuts down on processing time, as they don’t need to send anything through the mail. ATM and MY Cash cards are physical, so they will take about as long as checks to arrive. Minimums and maximums vary widely from site to site, but you can generally expect to be able to withdraw up to $5,000. Most cards don’t come with fees either, but this isn’t always the case.
Bitcoin Transfers
Bitcoin users are in luck, because most prominent sports betting sites allow transfers of this kind. You will need to make a deposit using Bitcoin before you can withdraw with it, but after that you can fund your account both ways with a few clicks of your mouse. Bitcoin transfers are fast, usually taking less than an hour, but can occasionally take a couple of days. Also, Bitcoin isn’t always open as an option, so you will need to check if it is available at the time you want the payout. There are generally no fees, but some sites do charge a tiny percentage. Minimums hover around $35, while maximums are usually a few thousand per transaction.
Bank Wire Transfers
Finally, bank wire transfers are available at most sites for players that need to request a very large amount. You will need to contact the site to request this payout, and make sure to have your bank wire information handy. These usually take a few days to process, and come with fees ranging from $40 to around $100. The minimums are usually quite high, around $200, but the maximums range from about $20,000 to unlimited.
Now that you have a better understanding of the withdrawal options that you will have, it is time to find a great sportsbook! This is where the fun begins, and if you have read most of our site, you should be wagering with the big dogs in no time. We are going to review some of the most popular and well-respected sportsbooks on the web so you don’t have to spend precious time searching the web when you could be betting on a game.
Trusted Sports Betting Withdrawal Methods for US Players!
For a rollicking good time betting on the NFL, NHL, NBA, MLB, or just about anything else, SportsBetting.ag is the place to bet. This site is jam-packed with amazing features and sports betting bonuses that will make your wagering experience so much better. Have you ever been late to bet on a game? Well consider that a thing of the past, because SportsBetting.ag offers a mobile wagering options that allows you to access the entire site from your mobile device. How is that for convenience?
In many cases, SportsBetting.ag beats the competition with features alone. However, they also have a startling array of funding methods that will allow anyone and everyone to deposit and withdraw with ease. Next time you win a big wager, simply head to the cashier to choose from no less than eight great options including cash wire transfers and checks.
Collect Winnings With Speedy Processing Times!
You will stand to win much more than fifty cents at 5Dimes. More like five thousand dollars, as their name implies in betting terms. This world-renowned sportsbook gets the fastest lines and best odds on over 25 different sports categories, and never strays off the top five sportsbooks lists anywhere you look. 5Dimes has members from all over the world and they accept US residents from all fifty states, so join today!
When it comes time for you to withdraw some of your hard-earned winnings, 5Dimes is tough to beat. They offer great options like Bitcoin and gift cards with zero fees, as well as tried and true methods like checks, money orders, and cash wire transfers. You will never get left high and dry at this amazing sports betting site.