NFL Season is here, and you may be thinking of getting into a little online betting action using a mobile sports betting app.
But how do you get your money in – especially if it’s an offshore site– and more importantly, how do you get your winnings out?
Use Sites With a Proven Track Record
The first tip we can offer is to make sure that you are dealing with a sportsbook that won’t rip you off when it comes time to fork over your dough. There are hundreds of sportsbooks out there so it can be a bit tough to discern who is trustworthy and who’s not. Luckily, we put together a list of the best sportsbooks with grades so you can see the most trustworthy betting sites that have mobile apps at a glance.
Not only are they graded like A or A+, but you can also see what regions/countries they provide service to and the different forms of payment they accept, such as PayPal, Bitcoin, WebMoney, Skrill, NetTeller, bank transfers, cashiers checks, and credit cards.
Use Sites With a Valid Help Center
When you have to move money internationally online, it can get a bit tricky. It’s not rocket science, but there can be quite a few steps involved. If you are new to 3rd party payment & escrow services, the help center will be a huge well, help. They can help walk you through the steps of setting up the accounts that you’ll need.
It’s important to note that if you haven’t already verified who you are, no payout will come quickly. So, you’ll need to scan your ID, DL, or passport. If you are depositing via credit or debit card, you’ll most likely have to send clear photos of both sides along with with a billing statement – electric bill, cable bill– that further proves your area of residence and identity.
Some sportsbooks will let you fund your account with minimal verification, but you usually can’t even place a withdrawal (cashout) request without getting your account fully verified. Once that happens, it’s pretty easy. Just go to the cashier section of the sportsbook’s site. Most sites take 48 hours to verify that your funds are available for withdrawal – they have to check that you are not trying to withdraw rollover bonuses, etc.
Options & Fees
Ugh … we all hate that word. Most sportsbooks do institute a small fee for withdrawals. So, it is important to not cash out various times in small amounts. Most sportsbooks will waive the fees on your first cashout and they may have a preferred method of payment/withdrawal where they have no fees or a minuscule amount. Cryptocurrency is a good example of this. That said, you may have to withdraw your winnings to the same account that you deposited from. For example, if you deposited through your bank account, you may only be able to transfer money back into that same account. This practice is mostly because that is your verified account. If you used Bitcoin, you have already set up your account that way and have your wallet in place, so if you funded your account through BTC, you may not be able to transfer that money directly from the sportsbook to your bank, you’d have to go back through your BTC wallet first.
The final tip we have is using a cryptocurrency like Bitcoin, Etherium, or Litecoin. Most sportsbooks accept cryptocurrencies and there are a couple of distinct advantages of using a method such as BTC.
The first is the fact that instead of long, cash verification processes, crypto withdrawals can be handled in as little as 15 minutes. If your account is starting to stack up the dough, you can withdraw a portion of your funds and have it back in your BTC wallet in about 15 minutes. The second reason is you don’t get hit with transaction fees from the sportsbook, just the standard BTC fees, which can be as low as 25 cents per transaction.