How to Deposit and Withdraw Money From a Sportsbook



When looking for a sportsbook, choose one with a large selection of payment methods. You should be able to use your credit card, debit card, or e-Wallet without any hidden fees. Deposits are usually done instantly, but withdrawals may take longer. It’s important to check that you’re not charged extra fees for international bank transfers.

Deposit options

You can deposit funds into your sportsbook account in a variety of ways. You can use a credit card, e-wallet, bank account, or wire transfer. If you’re a big player, you may need to make more than one transaction, or work out special arrangements with the sportsbook.

Layoff accounts

Sportsbook layoff accounts allow bookmakers to protect their profits even if they lose a wager. They are most helpful for wagers against the spread, which make up the majority of bets placed in the U.S. However, layoff accounts are not always available at pay-per-head sportsbooks. If you’re not sure whether a layoff account will work for you, check the rules and odds carefully before using one.

Reputable sportsbooks

When choosing a sportsbook, look for a company that accepts multiple methods of payment. The sportsbook should be able to accept credit cards, debit cards, and prepaid cards. Some sportsbooks even allow you to load your prepaid card with credit card money and exchange it for cash later. Other payment methods include bank wire transfers or online banking transfers from a bank account or banking app. These methods are faster than standard methods, but can carry additional fees.

Incentives for sportsbook agents

As an online business, sportsbook agents are in a unique position. They have access to a variety of deposit methods, including Paypal, VIP Preferred (eCheck), MasterCard, Visa, PayNearMe, Play+ cards, Skrill, and more. On the other hand, retail sportsbooks typically only accept prepaid cards and chips as payment methods.