The Best & Most Widely-Accepted Sportsbook Deposit Methods
It’s never been easier to make a deposit at an online sportsbook. In fact, when tallied up, the online sportsbooks we review accept a whopping total of 27 different deposit methods!
A key component of planning how you make deposits is understanding exactly which deposit methods are commonly available to bettors and which ones aren’t. Want to start betting like a sharp? You’ll need loaded accounts at multiple online sports betting sites, so having the right information to plan your deposits is integral.
We’ve compiled data from all the sportsbooks we review to provide you with a handy guide on depositing methods. Read on to learn how to plan accordingly!
Why Does It Matter How Popular Specific Deposit Methods Are?
If you’ve glanced at our strategy guide, you’ll know that line shopping is an essential strategy for becoming a sharp. Of course, line shopping is impossible unless you have available funds at multiple sportsbooks.
To take the next step as a professional sports bettor, you’ll have to deposit at more than one online sportsbook. Knowing which deposit methods are ubiquitous and which ones are less common is essential in this process.
If you’re using a popular deposit method, you’ll be able to select from a much larger bank of sportsbooks than if you’ve chosen a less common one. You don’t want to miss out on an enticing line just because you don’t have the right deposit method!
The Main Sportsbook Deposit Methods
The most popular depositing method for international bettors is via credit card. Thanks to online payment processors, all you have to do is enter credit card information into your sportsbooks’ cashier section, and you’re all set. As such, it’s never been easier to make a deposit with a credit card.
The second most popular option is depositing with Bitcoin, a method that continues to grow in popularity due to the numerous advantages it offers for you and your sportsbook. Bitcoin has the lowest fees, quickest withdrawal times, and allows you to make deposits anonymously.
The third most popular deposit option is via eWallets, a service that’s popular for European bettors, but generally not available to North American customers.
Traditional banking methods of check and bank wire transfers come in fourth. We recommend using one of these four deposit methods, as they are quick, easy, modern, and fairly painless.
Secondary Deposit Methods:
If you don’t want to use one of the more popular deposit methods, they are other ways you can deposit at select online sportsbooks.
Person to person transfers (or money orders) are still available as a deposit method at over one-third of sportsbooks. If you were betting at an online sportsbook in 2008 – and not 2018 – we’d be confident in saying that close to 100% of sportsbooks would offer this deposit method.
However, as the sports betting market has ballooned in size and attitudes towards sports betting have changed for the better, more efficient methods with lower fees (think Bitcoin or credit cards) have become more the standard. More payment providers are willing to cooperate with sportsbooks, making anachronistic methods like money orders unnecessary.
Since no single prepaid credit card has emerged as a frontrunner of the market in the same way that Visa has, sportsbooks don’t tend to offer deposit options via prepaid credit card. The demand for prepaid credit cards just isn’t comparable to other, more widely-used deposit options.
How Did We Determine This Deposit Information?
We parsed the financial section of every single sportsbook we vet for safety, legitimacy, and
reliability, compiled information on each available deposit method. After that, we averaged out the availability of each deposit method and put the data in the graphs below.
We didn’t include every single available deposit method, as some are rather obscure. Instead, we opted to cover the ones that were common across more than one trusted online sportsbook.
Grow Your Bankroll Today!
If you’re going to be making a deposit at a sportsbook – no matter how popular the deposit method you selected – be mindful of the best sign-up bonuses available to you. By choosing the best bonus, you can bolster your sportsbook’s bankroll as you start out.
If you have multiple online sportsbook accounts and you’re looking to dive into some next level strategy, check out our guide on one of the most legendary betting techniques ever devised: arbitrage betting.