Sportsbook Deposits

Sportsbook Deposits With Banking Apps

Certain apps like Zelle, PayPal, and Venmo are the primary banking apps for depositing. While some betting sites may accept others like Cash App or Square, the first three are rather standard. If you have an account at one of these places, make sure you have money in your wallet or that it is connected to your bank. Once that happens, visit your sportsbook cashier and choose banking apps as your preferred method.

Sportsbook Deposits With Cash

Reserved for in person betting, you don’t need an account to bet on sports with cash. Instead, visit a self-service kiosk or ticket betting window to place a bet and finalize the transaction. Kiosks and betting windows are found at local casinos, bars, and even grocery stores or gas stations, depending on the state. Be careful with cash sports betting though, because once you print your ticket, you cannot go back and change your selection.

Sportsbook Deposits With Credit

When you’re at a casino, you can generally head to the cashier's cage or player services counter and ask for casino credit. This isn’t the best strategy as they can come with high fees, may run a background check/pull your credit, or require you to have a player’s card. Generally, there are often better ways to make a sportsbook deposit but if you’re on tilt or strapped for cash, this method is possible.

Sportsbook Deposits With Credit Cards

Most places will accept VISA and MasterCard for sports betting deposits. You can also find sportsbooks that take American Express, Discover, or Capital One cards, though they are rarer to see. Always check the terms of your credit card as well as the sportsbook because this deposit method can come with high fees. Not only will the sportsbook tack on a deposit fee in some cases but the card company may treat the transaction as a cash advance, coming with fees of nearly 30%.

Sportsbook Deposits With Cryptocurrencies

Generally, the safest and fastest way to get money into your online sportsbook account, crypto is best for high rollers or low-stakes players. Sportsbooks that take crypto often let bettors transfer as little as $5 or $10 and as much as $100,000 or more. Bitcoin is the most popular crypto sportsbook deposit, but online betting sites may also take Ethereum, USD Coin, Solana, Cardano, and a range of altcoins. Perhaps confusing to use the first time, many find cryptocurrency to be the preferred transaction after a while.

Sportsbook Deposits With Money Order

A more old-school method to gamble with real money, Money Orders require the most work. They require you to visit a local retailer like Walgreens or Walmart, fill out paperwork, and send the details to the sportsbook. Most betting apps don’t accept Money Orders, but offshore sportsbooks might – just check with them before going through the process. Best for large deposits, the retailers may charge a fee of a few dollars for your request.

Sportsbook Deposits Through Peer to Peer

Depending on where you are betting, peer to peer deposits at sportsbooks are quick and free. Some sites will have you connect through MatchPay or banking apps, while others will connect you automatically to oversee the transaction. Either way, you find yourself taking the account credit of someone who is trying to withdraw their funds. Now in your account, you won’t get a sign-up bonus for this deposit method since the sportsbook isn’t getting “new money”.

Sportsbook Deposits With Prepaid Cards

Similar to credit cards, betting on sports with a prepaid card is just as easy but with fewer or no fees. Instead, you can purchase a prepaid card at a grocery store and use it. One of the major benefits is that your banking information isn’t attached to the prepaid card in case something were to go wrong. Similarly, sportsbooks offer prepaid cards at Target, where you can buy DraftKings or BetMGM money on a reloadable system, paid by buying it like you would any other item.

Sportsbook Deposits With Wire Transfer

While they take the longest compared to other sportsbook deposits, wire transfers allow for large sums of money to be exchanged. This is often the favorite method for high rollers looking to bet a few thousand or five digits on a game and then immediately withdraw. Wire transfers can take a few days, so it’s not best for last-minute action; but, once the funds clear, it makes you feel like a high roller.

Best Sportsbooks For Depositing

Bovada

With six deposit methods, Bovada is a great choice for first-time users looking to bet on sports online. They take credit cards, crypto, banking apps, and other methods once you sign up. You can even turn your account into a crypto-only account, which gives you weekly promotions and free play based on your status.

BetOnline

One of the largest selections of sportsbook deposits, BetOnline has about two dozen ways to move money around. Specializing in crypto, they take a little under 20 altcoins aside from Bitcoin and Ethereum but also have standard methods like credit cards, Money Order, and bank wires.

MyBookie

A little less to offer, MyBookie takes cash deposits, Bitcoin, and credit cards. While they might not have the largest selection, they make up for it with great promos when signing up. You can call in bets and deposits or simply use their website to get started.

BetUS

BetUS is one of the fastest-growing sportsbooks in the US, taking players from all over the country. As far as their deposit choices, you will find the basic cryptos, credit cards, and some peer to peer methods as well. BetUS is very user friendly and their live chat agents can help you should you come across any issues.

SportsBetting

SportsBetting is another betting site with over a dozen deposit and withdrawal choices. Starting with crypto, they’ll take coins like Trump coin, DOGE, Shiba Inu and any of the meme coins that were once or are still popular. Aside from that, standard options like credit cards, wire transfers, Bitcoin, and more exist.

Xbet

Xbet has a handful of deposit choices, though Bitcoin is their preferred method of payment. They also pay out in Bitcoin, making money transfers as easy as copying and pasting your wallet address and their wallet address. Also, find credit card deposits at Xbet through VISA and MasterCard, which take seconds to appear in your account.

Does Withdrawing Work The Same Way As Sportsbook Deposits?

Yes and no. Every sportsbook will have different options and ways to move money around, so the withdrawal options may differ, even for similar methods. For example, some sportsbooks won’t offer a payout on your credit card, while others will give you a statement credit. Meanwhile, a betting site may take a wire transfer but require you to receive a check instead when you’re cashing out. Get current on the sportsbook’s cashier details so you are not in for any surprises.