Sportsbook Deposits - How To Fund USA Sportsbooks
Depositing into an online sportsbook has never been easier. The top funding methods for online sportsbooks are bitcoin and credit cards, but there are plenty of other ways to deposit into online sportsbooks as well. The main criteria that you should use when depositing into an online sportsbook is how much they charge in fees and how much you can get in bonuses. The best way to get no fees and big bonuses is to use cryptocurrency.
Why Are Sportsbook Deposits Necessary?
Sportsbook deposits are necessary to start betting on sports for real money. You can make as many good calls as you like from the comfort of your home, but if you want to win money, you have to risk money. Knowing everything about sportsbook deposits is important because if you don’t keep your wits about you, fees can end up cutting into your margins, and you could miss out on big bonuses.
Is Making A Deposit Into A Sportsbook Legal?
It is legal to make a deposit on online sportsbooks. There are two laws in the US that typically interact with deposits, but neither should impact you negatively in any real way. The first is the UIGEA, and the second is The Wire Act. The most that should ever happen to you as a result of these acts is your credit card deposit may get denied. Other than that, you should be good to go when you use sportsbook deposit options.
Processing Times For Sportsbook Deposits
Deposit options at online sportsbooks will vary depending on the method that you choose and the online sportsbook you select. Generally, using cryptocurrency will get you faster deposits, bigger bonuses and no fees. The top option for crypto betting sites is almost always Bitcoin, which is easily accessible and usable with a variety of online sports betting websites.
Sportsbook Processing Times
- Bitcoin/Crypto – Immediately
- Credit Card – Under 48 Hours
- Wire Transfers – Under 48 Hours
Fees on Sportsbook Deposits
Fees on sportsbook deposits will change depending on what kind of deposit method you use. These deposit methods will vary depending on sportsbook, but one thing that doesn’t change is that the best option for no fees is always going to be cryptocurrency, which can be processed much easier than traditional financial methods.
Sportsbook Processing Fees
- Bitcoin/Crypto – None
- Credit Card – Up to 15%
- Wire Transfers – Up to 10%
Minimums/Maximums on Sportsbook Deposits
Sportsbook deposit maximums will vary not only depending on which deposit method you use, but also the specific sportsbook you use. BetOnline has famously high deposit minimums and maximums, while MyBookie has low deposit maximums. Bovada serves as a happy medium between them. The top deposit options are always cryptocurrencies, which can move large amounts of money more easily.
Sportsbook Deposit Limits
- Bitcoin/Crypto – Up To 100k
- Credit Card – Up To 10k
- Wire Transfers – Up To 5k
Deposit Methods – Pros and Cons
Credit Card Sportsbook Deposits
- Pro: You are already familiar with how credit cards work, making them easy to understand.
- Con: Can occasionally be declined, and have fees.
Sportsbook Deposits Using Wire Transfers
- Pro: Easy to understand and access.
- Con: High deposit minimums, relatively low maximums compared to crypto.
Bitcoin Sportsbook Deposits
- Pro: Fastest deposit method, lowest fees, best bonuses.
- Con: You do have to download a BTC wallet and purchase the coin.
Sportsbook Deposits Using Money Orders
- Pro: Money orders are never declined, and they can be used with ease.
- Con: They have very high minimums, and significant fees applied.
Easiest Deposits At The Best USA Online Sportsbooks
There are several sportsbooks that are worth highlighting for ease of deposit and varied deposit options. These sportsbooks are some of the best in the business, and they serve more than 40 states in the US, so the vast majority of Americans can access these sportsbooks with no issues.
BetOnline is the most cryptocurrency-focused sportsbook in the world, with more than a dozen deposit options for crypto bettors alone. These options are great for anyone looking to deposit with online sportsbooks who wants no fees and big bonuses. BetOnline charges no fees for crypto deposits, and doubles their bonuses when you deposit with crypto, including their excellent reload bonus, which goes from 25% to 35% for crypto bettors.
Bovada features some of the top options for anyone looking to wager on sports, and some of the best deposit options as well. They have low minimums and high maximums, accept more than five different types of crypto as well as most credit cards, and have good bonuses with famously low rollover. Bovada can be accessed on mobile devices, and deposits can be made online as well as on mobile devices.