How to Deposit and Withdraw from an Online Sportsbook

The deposit and withdrawal process at an online sports betting site is very simple. Read on to learn how to fund your account and how to request a payout after you land a winning bet.

How to Fund a Sports Betting Account

You can visit the cashier section of your sportsbook account and click “Deposit” to make a payment. You will be presented with a list of options, which will typically include:

  • Credit Card or Debit Card – Visa, MasterCard, American Express, Discover
  • Bank Transfer, Wire Transfer, Cash Transfer, P2P Transfer
  • E-Wallets – Skrill, Neteller, PayPal
  • Bitcoin
  • Altcoins – Ether, Bitcoin Cash, Litecoin etc.
  • Alternative Methods – PaySafeCard, Check, Play+

You can type in the amount you would like to deposit and click to confirm the transfer. The funds should arrive in your account instantly, and the best sportsbooks do not charge deposit fees.

The minimum deposit at an online sportsbook is typically $10.

How to Request a Sportsbook Payout

It is also very simple to request a withdrawal from an online sports betting site. Go back into the cashier section and click “Withdraw”. You will see a list of your options, such as:

  • Wire Transfer
  • Money Order
  • Person to Person Transfer
  • Check by Courier
  • Bitcoin
  • Altcoins
  • Skrill / Neteller

Type in the amount you would like to withdraw and click to confirm. The online sports betting site will then need to process and approve your request. Some sportsbooks take several business days to complete this process, but the best operators are much quicker.

Withdrawal times then depend upon the method you select. If you opt for crypto, the funds should be with you in around 10 minutes.

You may be charged withdrawal fees via certain methods, such as a check by courier. The minimum and maximum withdrawals tend to vary from one method to the next, so check the site for details or contact customer service.