Sportsbook payout options can be difficult to comprehend from the outset, but oftentimes gamblers are most concerned with the speed at which they will receive their winnings.
We’re happy to share our experience converting wins from online sportsbooks into cold hard cash. With our help, you’ll know exactly what to expect when withdrawing your winnings from an online sportsbook.
We Only Work With Trusted Sports Betting Sites
We have collected relevant data from first-hand experience betting at the online sportsbooks we review, as well as in-depth research of each sportsbook’s financial terms and conditions.
Payout times can be verified by calling these sportsbooks’ customer service departments.
In the unlikely event of a withdrawal problem, your sportsbook customer service team will assist you.
Select A Sportsbook That Will Provide Great Service, Fair Odds and Good
When selecting a sportsbook, the most important consideration is its reputation. You want to make sure that you are dealing with an established company with a track record of financial stability. Customer service is everything; you want a sportsbook that is pleasant to do business with and that treats customers fairly.
Unlicensed/illegal sportsbooks are notorious for providing false information about withdrawal timelines. So be cautious if using them and don’t get pulled in with fake offers.
You should not risk your money with an unlicensed sports betting site. Licensed operators are required to set their financial expectations publicly and are held accountable for meeting those expectations.
Verifying Your Identity Before Bank Transfers
To ensure the security of both your account and of our members, you must provide your ID before receiving your first withdrawal. This is a one-time process, meaning no need to always provide your information when withdrawing.
If you have any questions about the identity verification requirement, please check out our guide.
To protect your bankroll from fraud, and to comply with financial regulations, the sportsbook requires that you post identification to receive your winnings. it can be a long process, but they have nothing to lose if someone tries to access your money but you have everything to lose.
Any sportsbook that does not ask for identification is probably not playing by the rules.
Most Popular Sportsbook Withdrawal Options
Withdrawals Seasons Matter:
Go For Low Seasons If You Want Fast Withdrawals
In rare cases, your withdrawal request may be processed more quickly than the time frames provided above.
If placing a Moneyline on the Colombus Blue Jackets vs. Florida Panthers, Due to the low level of interest in regular-season NHL games, bookmakers like to have fewer withdrawals to process.
When payouts are scarce, stress levels in a sportsbook’s financial department decrease. This means there is a likelihood of receiving your withdrawal faster than normal.
Be Patient With Payouts If You Are Playing During Busy Seasons
If you are betting on the Super Bowl (or any of the other events with the highest betting volume of the year), you may also be subject to payout times beyond the maximum stated timeframe.
In rare cases, bookmakers may be slightly late in processing bets if they receive more wagers than expected. This is not unknown given the rapid growth of the wagering industry every year.
If you have any questions about your withdrawal, contact your sportsbooks’ customer service department.
Bank wires, though less quickly than other methods of deposit, are still used in the U.S. by many bettors. Bank wires deposit directly into your bank account balance and thus make winnings available immediately.
ACH transfers or bank wires take 1–2 weeks to process. If you’re lucky, this time period might decrease to 3 business days.
The majority of sportsbooks offer bettors the option of receiving payouts via a courier service. While the speed of these checks is slightly slower than bank wires, they are still a reliable option.
Person-to-Person (P2P) or Money Order Transfers
Because of the long waiting periods associated with money order payouts, fewer and fewer sportsbooks offer this payout alternative. still, you’re able to find a few sportsbooks that offer the option still.
eWallets like PayPal are increasingly being used to make online sports bets. They can offer faster withdrawal options for most bettors, though not all bookmakers will accept transactions from PayPal or similar e-wallets.
PayPal withdrawals are typically processed within 24-48 hours. It has also become more common to use PayPal to deposit.
Other Betting Strategies & Guides
We think the following posts can help you win more money on your next bets.
- Depositing And Withdrawing At Your Sportsbook: FAQs
- What Are Fantasy Sports? Types & Strategies
- What Are The Most Successful Wagering Strategies?
- What Is The Fibonacci Sequence And How Does It Work?
- 1 We Only Work With Trusted Sports Betting Sites
- 2 Most Popular Sportsbook Withdrawal Options
- 3 Other Betting Strategies & Guides