US Sportsbook Deposit Methods & Payout Options
- Popular deposit methods for online sportsbooks
- Same-day payouts and withdrawals
- How to use Bitcoin and other crypto to fund sports betting
Once you’ve learned how to open a sports betting account with a legitimate online sportsbook, the next step is to get that account topped off so you can actually place bets. Depositing money into your account at most online US-friendly sports betting sites is a piece of cake, as each one offers a pretty legit range of options to choose from.
There are, of course, pros and cons to each of these, and if you’re new to the online betting space, you may not know which method is the best one for your needs. That’s where we come in.
This page will show you how to fund your sports betting with credit cards, debit cards, cryptocurrency, P2P options, and traditional banking methods, and we’ll explain the benefits and drawbacks of each option and how to ensure same-day payouts when your team comes through for you. If you’ve got a few dollars and a few minutes, you can be up and running – and betting – in no time flat!
Fastest Payout Sportsbooks offering Same-Day Withdrawals For 2023
How To Deposit Into A Sportsbook Account
Making a deposit with an online sports betting site is easier than you might expect. It is in their best interest to make this part of the process simple and user-friendly, as well as provide you with a variety of options for funding your sports betting account.
While just about every modern sportsbook review will recommend sports betting with Bitcoin or other forms of crypto (and we do, too), not everyone is prepared to hop aboard the crypto bandwagon.
Fortunately, the best online sports betting sites all support a variety of traditional and modern payment options, and we've created a guide to simplify things for those wanting to learn how to bet on sports with crypto. For those of you who would rather bypass the typical crypto exchange wait times, we also dish on how to buy crypto with Atomic Wallet quickly and conveniently.
Popular Online Sportsbook Deposit Methods
Cryptocurrency Sportsbook Deposit Options
P2P Sportsbook Deposit Options
Traditional Sports Betting Deposit Methods
Online Sportsbook Payout Methods
Though Bitcoin/crypto is the most popular and fastest sportsbook payout method, not everyone uses cryptocurrencies, and there is a learning curve involved that might be too steep for some gamblers.
As a result, while we recommend crypto for its many perks, standard deposit methods are also supported, and they also come with bonuses and reasonable limits and fees.
- Bitcoin (BTC)
- Bank Wires
- Sports Betting Vouchers/Player Transfers
- Courier Checks
Fastest Payout Options at Online Sportsbooks
Depending on the withdrawal method you choose, you’ll get your money in 2-5 days on average. Bitcoin, altcoins, Matchpay, and Vouchers offer same-day payouts, but these are the only funding options that do. Otherwise, sportsbook withdrawal times will vary.
For a more in-depth look, see our sportsbook banking comparison guide that details withdrawal times, and sportsbook-approved banking options. Our guide to the fastest paying sportsbooks details what banking options transfer the fastest.
The following processing and transfer times for sportsbook withdrawals are averages that we’ve experienced playing with all the operators listed here:
- Bitcoin/Altcoins: Same day
- Vouchers/Player Transfers: Same day
- MatchPay: Same day
- Money Orders: 2-3 days
- Courier Checks: 3-5 days
- Bank Wires: 5-7 days
Sportsbook Same-Day Payouts
While you can choose from any of the above sports betting withdrawal methods, the best betting sites for withdrawals are those that support Bitcoin and other alternative currencies. Again – and this bears repeating because it’s so important for most bettors – cryptocurrency is the only online betting instant withdrawal method.
Overseas bettors have more same-day payouts to choose from due to wider financial platform support, but for all US bettors who want to be able to actually get their money stateside the same day they claim their winnings, BTC etc. is the way to go.
Bitcoin is the gold standard, and all reputable sites support it and various altcoins for your convenience.
Note: Same-day payouts are often – but not always – available via P2P apps when used with betting vouchers, player transfers, and MatchPay at participating sites (i.e. Bovada).
How To Calculate Sports Betting Payouts
In this day and age, you don’t actually have to calculate each wager’s payout potential. While the American moneyline is easy to understand, you can see how much each bet pays out by simply clicking or tapping on your bet of choice and typing in the amount of money you want to risk. Each overseas sportsbook has a built-in betting bankroll calculator, allowing you to see payouts immediately, whether you place single bets or multi-bet parlays.
Still, we recommend familiarizing yourself with the moneyline odds system so that you can quickly glean how much each bet will pay out before selecting it. We also suggest signing up at multiple legal sports betting sites so that you can shop lines to find the best values on any given matchup or prop bet.
Online Betting Deposit Bonus Options
When you sign up at any site, you will have sportsbook deposit bonus options. Welcome bonuses offer the best values (especially if you use crypto), adding between $250 and $1000 to your bankroll, depending on the site you choose. Many operators also offer account reload bonuses, which give you a 25-50% boost each time you make a fresh deposit.
In the past, sportsbook deposit bonus codes would be required, but in large part, sites today simply offer you a menu from which to select your bonus during the deposit process itself. At books that still require bonus codes, these are usually provided right at the sites themeselves under the “Promotions” tab.
Sports betting bonuses come with terms and conditions to be aware of. These are called rollover requirements, and they simply indicate how much money you must wager in total before being eligible to withdraw any associated winnings.
Most sportsbook bonuses come with rollovers of between 5X and 15X, making them perfect for the vast majority of bettors. Bonuses are 100% optional, but we recommend taking them when you can, as they are literal free money.
Sports Betting Banking FAQs
Disclaimer: The above sports betting banking services are independent third-party companies and do not endorse this site or any online sports betting site in any way. This page is for informational purposes only.