US Sportsbook Deposit Options

December 9, 2011 - by mosesbet · Filed Under US Sports Betting Comments Off on US Sportsbook Deposit Options 

The only way to bet with an online sportsbook is by “posting up” or more simply put, making a deposit into your account. In order to be able to place a wager you need to have enough funds in your account to cover the bet.

The best sportsbooks will have excellent processing to ensure that everyone can successfully deposit money into their accounts. Choosing the most ideal deposit option will depend upon where you live. If you live in the USA you’ll use different deposit options than a bettor that lives in the UK.  (You can find other factors for choosing a US sportsbook in this article here too).

Popular Sportsbook Deposit Options

  • Most sports bettors will be able to use their credit card to fund their account. Most sportsbooks accept Visa, but there are a number of sportsbooks that no longer accept MasterCard or other credit cards. Typically US bettors will be able to use their Visa although there is a chance it won’t work.
  • Lots of bettors also utilize e-wallets to fund their sportsbook accounts. There are numerous e-wallets that bettors can use including Skrill (Moneybookers), Neteller, InstaDebit, Click2Pay, Click&Buy, EntroPay, EcoCard and Paypal. There are other e-wallets that players can use to fund their account, but these are the most trusted. American bettors won’t be able to use any e-wallet deposit options at this time.
  • Most sportsbooks also accept prepaid cards as a payment method and these are often the best way to deposit into your account if you live in the USA. You’ll be able to deposit using Visa Prepaid Cards, MasterCard Prepaid Cards and other methods including Ukash, Paste&Pay and MyPayLinQ. Prepaid cards and vouchers allow bettors to use their credit cards to purchase the vouchers and than simply use the voucher / prepaid card to fund their sportsbook account.
  • Every bettor will also be able to use Person2Person Transfers or Sportsbook2Sportsbook Transfers. If you can’t find a deposit option you may be able to do a Sportsbook2Sportsbook Transfer. You may also be able to deposit using money transfer deposit options such as Western Union and MoneyGram. These deposit methods typically have fees that you need to pay, but if you can’t use any other deposit method you’ll need to use one of these sportsbook deposit options.

Most sports bettors will have no problem at all depositing money into their account. If you live in the United States you may find that you have some trouble with depositing, but there is always at least one method that Americans use. Many books live off of Americans betting action and therefore they do their best to ensure there are easy sportsbook deposit methods to use. If you live in any other country you shouldn’t have any problems depositing money into your account.

Normally the minimum deposits at online sportsbooks are small. You can normally deposit $20+ into most sportsbook although some sportsbooks prefer bigger bettors and impose a $100+ minimum deposit regardless of the deposit option you use. Make sure you find 1-2 deposit options that you like using and if you can open an e-wallet account at one of the sites above. You can receive withdrawals to your e-wallet account and have the money sent directly to your bank account once you set everything up.