So, one of the drawbacks about gambling online is that it can sometimes take time before you can get your winnings. You could request a withdrawal today but only receive a payout a couple of weeks afterwards.
The thing is: this doesn’t always have to be the case. How long it takes you to get your winnings is actually dependent on a number of factors, including the sportsbook you choose to play at and the banking method you choose to use to make both deposits and withdrawals.
Below we have a look at how you can shorten the amount of time it takes you to get your money by having a look at both of the above-mentioned factors. We provide recommendations on both banking methods to use and the fast-paying sportsbooks to join.
Why Your Sportsbook Banking Method Matters
So, when we review casino sites and online sportsbooks, one of the areas we focus on is banking. A lot of novice internet gamblers are often confused as to why this is important. Well, it’s because the banking methods available at a casino or sportsbook site dictates how long it will take for you to get your money.
Generally, US-based gambling sites have a pretty standard list of banking options. You’re always going to find the following deposit and withdrawal options at an above-average site:
- Bitcoin (sometimes, Litecoin)
- Visa and Mastercard (sometimes, American Express)
- Money order (usually, Western Union)
- Bank transfer
- Cashier check
If you’re lucky, you’ll find a site that has an e-wallet option, but these are hard to find given particular restrictions.
Payout Method Expected Waiting Times
The thing about the above listed banking methods is that each has its own payout speed (if any). Most casinos with instant payouts usually accomplish this by offering you the chance to request a withdrawal using Bitcoin. After your withdrawal request has been processed, you will get your money instantly.
However, a lot of casinos and sportsbooks only offer bank transfer and cashier’s check as a withdrawal option. With these two methods, it can take you anything from seven to 35 days to get your money.
So, if you don’t like waiting to get your cash, we really do not recommend that you sign up to sportsbooks that only offer bank transfers and cashier’s checks as a way to get your cash.
Top 5 Sportsbooks with the Fastest Payouts
1. BetOnline.ag
BetOnline.ag offers a couple of quick payout banking methods. Probably, the most popular is Bitcoin. However, there is also Litecoin, Bitcoin Cash, Ripple and Ethereum.
2. SportsBetting.ag
SportsBetting.ag should actually be a tied first place because they provide the same banking options as BetOnline. Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum are all there too!
3. XBet
XBet does not have as many options as BetOnline.ag or SportsBetting.ag, but they do offer you the chance to make withdrawals with Bitcoin or Bitcoin Cash. Either is usually sufficient for cryptocurrency users.
4. Bovada
Bovada also gives players the chance to cash out using cryptocurrency request that will be processed almost instantly. The options available are Bitcoin and Bitcoin Cash.
5. MyBookie
MyBookie offers you the chance to make instant withdrawals using either Bitcoin and Bitcoin Cash. You should get your money straight after your request has been processed.
