Withdrawals At Online Sportsbooks in the USA
What good is betting at the best US sportsbook if you can’t withdraw your winnings? Fortunately for you, these sites have many different methods available. Almost all of the web-based books will allow their players to request withdrawals at least once per week. Most can be requested through their website, by phone, or by email. There isn’t going to be any hassle when you deal with the most trusted names on the net.
Americans don’t need to worry about any legal complications when using an online bookmaker either, but there are some problems for the banks when they use certain electronic methods. I’ll tell you more below, but it’s important to mention that the government regulates electronic transactions between banks. Some betting sites left the American market instead of innovating their payout techniques. Because of these changes in the 1990s, many different payout options are available for American members. You can choose the method that works for you by how fast you want to receive your winnings.
You won't need to call in any favors with the local judge for using an online sportsbook since using one is legal. Plus, getting your payouts is no problem, but it may require a couple of attempts if the government gets involved. There's nothing that they can do to the player for receiving a legal payout from an international bookmaker, but they do have the power to regulate the financial transactions between banks and deny any of them. In 2006, the congress passed sports betting regulation known as the UIGEA. The Unlawful Internet Gambling Enforcement Act stops American banks from knowingly making transactions to unauthorized gambler websites and they've limited the types of electronic transfers available. There are plenty of methods that will work for you in states with sports betting, but no one is going to get their deposit back through their ATM or credit card.
The sports betting industry is like banking, and there are money transactions being placed all over the globe. It’s the job of the bookmakers to keep your financials secure and the transactions safe. They are excellent at both and sports betting websites make their electronic transactions over the web via secure networks. These networks are impenetrable by outside connections and allow their members to make deposits and request payouts without worrying about their credentials falling into the wrong hands. All of these methods are safe and they each have their own specifics on fees and speed of delivery.
Cash Wire Transfers
There are many names for the same thing, cash wires are person to person transfers made with a MoneyGram or Western Union. There isn’t any real exchange of currency, but getting one of these payouts from your sportsbook gets you a reference code. This code is transferrable and all you need to do is take down to a reputable retailer and exchange it for dollars. Plus, it’s your choice between normal and express distribution. Contact your bookie by phone to set up a rapid transfer.
Check by Mail
All of the online sportsbooks have easy payout methods and most offer their members the option of having a check mailed to them. When you request a check, it’s delivered by well-known couriers directly to your doorstep and it only takes a week or so. If you can’t wait for it, then I suggest you request an expedited delivery. It might cost you a little bit more, an extra flat fee, but you can expect to see the money much sooner. You should be able to take the cashier check straight to an ATM and deposit it as normal.
Bank Wire Transfers
Have you done well this year? Is your account way up? Then I suggest you consider the bank wire option for payouts. I suggest this method to anyone that has a large bank roll, because wires were designed with the high rollers in mind. In order to set one up, you would need to contact the sportsbook. Bank wire transfers usually have the funds transferred in under 48 hours and there are very low fees considering how much you can transfer. You won’t find it possible to transfer over small withdrawals, so make sure you’re stacked up before you try this method.
Bitcoin
The world is changing, and you know it’s true as you watch technology evolve. We used to ride the horse and buggy and pay with cash, now we drive electric cars and use digital currency, like Bitcoin, to pay for things. It’s the wave of the future and even internet betting sites are staying current with the trends of today’s financial sector. Bitcoins are stored in your digital wallet on the cloud and the codes can be exchanged for real world currency. Currently, books are transferring payouts via bitcoin to their members, and this method has low fees and the transfer speed is fast.
Gift Cards
There are some alternative methods that may seem unusual but online sportsbooks are just giving their members more options for withdrawals. You can take one of the traditional methods already listed, but some sites give their members the option to receive Walmart or amazon gift cards as a payout. These gift cards have real world value and can be used to make purchases online. You’ll need to give your bookie and call and make sure that they have cards before you request any payout of them. If they aren’t available, you may need to select something else because the availability is limited.
Sportsbook Payout Fees
There are many more options available, you just need to go online because the best sportsbooks in the US offer them. It’s up to you to decide which one is going to be best for you and your account. All of the methods have different fees associated with them, many are a percentage of the payout, but there are some options with a flat rate. Plus, you can get your withdrawal done without paying a dime as most sites offer one free withdrawal per month. Electronic methods like bitcoin transactions, rapid transfers, and gift cards get you paid without any fees. Other fees range from $40-$80 and depend on the cost of the courier.
Payout Limits
Most sites are going to have minimums and maximums for each withdrawal method. Sometimes the limit will be per month, but usually it is per transaction. These numbers vary greatly depending on which site you use, and which payout method you choose. As a very general guideline, you can go by this: smaller payouts are usually best for checks, Bitcoin, cash wire transfers, and other electronic transactions. These minimums usually stay in the $20-$50 range; and maximums tend to be no more than $3,500. For medium-to-large withdrawals, you are better off going with cash wires (MoneyGram/Western Union), gift cards, and bank wire transfers. The latter usually always has the highest maximum, usually ranging around $25,000. Furthermore, some sites don’t even have a maximum amount for bank wires. The minimums for these options can sometimes be as low as $50, but are generally higher, around $1,000.
The speed of receiving your withdrawal will be different for each method. For instance, Bitcoin and gift card payouts usually take just minutes, while bank wires and checks can take a few days to a few weeks. The overall fastest method for getting a small-to-medium sized withdrawal is usually going to be a cash wire transfer via Western Union or MoneyGram. These take less than 48 hours, but you can usually pick up your money at any rapid transfer retailer on the same day you request it.
Sports Betting Sites With Fast Payouts
Possibly the most important aspect of an online US sportsbook is the speed at which it can get you your winnings. Below, you will find reviews for the sites that are the best at this. Each one has at least a few different payout options to choose from, and they are all very fast. Whether you are requesting a check or a Western Union transfer, you should never have to wait longer than two weeks for you cash to hit your hand.
It really doesn’t get any better than Bovada when it comes to payouts at online sportsbooks. You can think of this site as the grandfather of most of the competition, because it has been around for over twenty years. Throughout that time, the team behind the magic has perfected every nook and cranny of the site, including withdrawal options. While you will not find as many methods as some other sites, the ones that are on offer are by far the fastest and safest of their kind.
Withdrawing at Bovada is very simple. Head to the online cashier, pick your method, and follow the instructions. The most common methods people use are checks and cash wires. The latter is the fastest, and will allow you to pick up your cash at any retailer that offers Western Union or MoneyGram services. However, checks are very popular as well, because they usually take less than two weeks, and who doesn’t love getting a check in the mailbox? Check out Bovada today, you will have a blast.
If you are like me, you probably like convenience when it comes to placing bets on sports. If you are like me, you should be using BetOnline all the time because this site is simply the boss of all things sports wagering. The name says it all, and you will find a lot under the hood. Offering more than enough bang for your buck, this online sportsbook also includes a massive poker room and a virtual casino. You can pass the time while you are waiting on your ticket to come in by playing the slots or some no-limit Hold’em.
Withdrawing your winnings from BetOnline is easy as pie. Seriously, there are more options on this site than any others we have come across. Checks, Bitcoin, Western Union, MoneyGram, bank wires… you will find a way to get your cash in your hand. Best of all, all of these methods are very fast. Even checks usually arrive in less than two weeks, and they are coming from another country! Capture the madness and the riches today at BetOnline.