Fastest Sportsbook Payouts
If you've ever played at a legal online sportsbook – and more importantly, if you’ve ever won a bet - then you already know the importance of getting your withdrawal in a timely manner. There’s nothing worse than knowing you’ve got a winning ticket then having to wait what seems like ages to collect your money. However, even experienced bettors may not know about the ins and outs of how to get the fastest sportsbook payouts when betting on sports over the internet, so we put together this comprehensive guide to help you figure out which withdrawal methods (and which online sportsbooks) have the quickest turnaround.
If you are anything like the rest of us here at SportbookDepositMethods.com, then you are probably going to be moving the money in your account around constantly. Whether that means you are taking some of your winnings and investing them in another bet or using your earning to supplement your personal income, it’s awful to be in the position of having to wait forever and a day to get a withdrawal. When you need your money, sometimes you need it right now: you don’t have days or maybe even weeks to wait on a check in the mail! That's where the importance of placing wagers at betting shops with the fastest sportsbook payouts comes into play, and we are here to help you get the info you need so you can start collecting your winnings with as little hassle - and wait - as possible.
Who Can Use Paysafe Cards?
Generally speaking, the speed with which you can expect to collect the fastest sportsbook payouts is going to come down to the method you choose to collect your winnings. As we mentioned previously, as recently as a decade or so ago, waiting weeks on a check in the mail used to be the only way to get a withdrawal of your funds reliably. That was due to the prohibitions federal laws like the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) placed on using credit cards or even bank account direct transfers for anything related to online wagering, including betting on sports. However, players at online sportsbooks now have access to much faster payout methods (such as cryptocurrencies like Bitcoin, Ethereum or Bankwire transfers) that make your wait much shorter when you are looking to collect your winnings.
In the next few section, we will take a closer look at the fastest sportsbook payout methods that we recommend for all our readers. For the sake of clarity, our rankings start with the fastest sportsbook payout methods and move downward toward the options that take longer on average to get into your hands after a successful bet.
Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash)
Cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash are genuinely one of the most exciting developments to hit the sports betting scene since the hobby went online. Using these digital-only currencies (sometimes referred to as “altcoins,” if you want to get really techy and impress your buddies) for making deposits and collecting payouts is a welcome addition to the hobby indeed, as they represent the fastest sportsbook payout methods currently available. Generally speaking, collecting your winnings in the form of cryptocurrency takes minutes – not days or weeks or even, in most cases, hours.
Though all the major legal sports betting sites accepting US players make Bitcoin available for withdrawals, not all of the above altcoins are available at every online sportsbook. Nevertheless, you can expect to get your winnings delivered to your crypto wallet’s address within 24 hours in the worst of cases. Using cryptocurrencies like Bitcoin or Ethereum to collect your winnings also means you can do so without having to submit as much identification information or high fees, seeing as cryptocurrencies fly completely under the radar when it comes to regulation by governmental financial authorities.
Credit Cards And Debit Cards
The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) really made it difficult if not outright impossible to make a withdrawal of your winnings from an online sportsbook using credit cards and debit cards for many years. The UIGEA achieved this by prohibiting financial institutions in the US from processing credit card transactions that were used for the purpose of any kind of internet gambling, sportsbook wagering included. However, the leading legal offshore sports betting sites eventually got around this by offering users access to the services of their own in-house financial processors based, like the betting shops themselves, in foreign countries where US federal laws don’t apply in the first place. Credit cards and debit cards are now conclusively one of the best ways to get the fastest sportsbook payouts, with turnaround times that might take anywhere from a couple minutes to just a few days in a worst case scenario.
Bankwire Transfers
Another of the most popular options for collection sportsbook payouts is to get your winnings in the form of Bankwire transfers. Bankwire (which is different from a normal wire transfer from your bank account) is a paid service that effectively acts as a go-between for your actual bank account and various vendors online, similar to PayPal. If you decide to use Bankwire transfers to for making a withdrawal, you can typically expect to get your money from the sportsbook within a few days at the longest. What makes Bankwire transfers one of the best choices among the fastest sportsbook payout methods is the combination of relatively quick turnaround times coupled with high maximum withdrawal limits of approaching $25,000 at most sportsbooks. We recommend this method for high rollers, but other methods will probably mean faster sportsbook payouts for more casual betting enthusiasts.
Check By Mail
Some people might be skeptical about using the old check by mail method for collecting their winnings at the sportsbook of their choice, but the truth is that this is an ultra reliable means of getting your money. Checks in the mail might not be the fastest sportsbook payouts but they aren’t extra slow either: we have found that, in most cases, the total time from the last button click until you get a check in your mail box usually comes in at a week at most. Oftentimes, a check containing the amount of your winnings can arrive to you in as few as three days, but in some rare cases you could be looking at a wait of two weeks or 15 days before your check arrives. That’s because these checks will often be mailed to you directly from the home off of the offshore sportsbook itself, which, naturally is based overseas in a foreign country.
There really isn't any good reason that you should be without your cash after you successfully pick the winners in a sporting event. That's why we've taken the time to review some of the better sportsbooks so you can choose only the best when it comes to the fastest sportsbook payouts. We're players too here at SportsbookDepositMethods, so not only do we visit the site and report our findings, we will take the time to place wagers of our own at each sportsbook, looking for which of the available deposit and withdrawal methods available really is the fastest.
It is important to note that some sportsbooks have limited options for payout, and some sportsbooks might take on additional fees if you want to use a particular method instead of another. Other sportsbooks might have plenty of choices in terms of withdrawal methods, but each takes longer on average than another competing site. Over the course of our research, we have selected the legal offshore sports betting sites that we think strike a solid balance between options for withdrawals and the fastest sportsbook payouts. Be sure to check out our list of preferred sportsbooks if you want a better idea of which sportsbook to go with.
Note: All of the sportsbooks listed below accept players based in the United States.
Get The Industry’s Fastest Sportsbook Payouts With Bitcoin
Bovada is undoubtedly one of the online sports betting industry’s leading operators, and the accolades that go along with this Latvia-based sportsbook are multitudinous. However, Bovada’s claim to fame with regard to withdrawing your winnings is the possibility of getting some of the fastest sportsbook payouts if you get your money in the form of Bitcoin or Bitcoin Cash. If you decide to go that route, it is worth noting that Bovada will not charge you any transaction fees in addition to affording you the fastest possible payout – often in just a few minutes. The site’s show runners back that claim up with a guarantee you will have your money in hand (or in your electronic wallet, as the case might be) within 24 hours tops. Bovada additionally boasts that deposits and withdrawals made using Bitcoin and Bitcoin Cash are among the most secure means of collecting the fastest sportsbook payouts, particularly with a daily withdrawal maximum of $9,500.
Is It Possible To Get An Instant Sportsbook Payout?
Don’t we wish! Actually, while instant sportsbook withdrawals aren’t available right now given the current state of affairs in the online sports betting world, but the truth is that the fastest sportsbook payouts are pretty darn close to instant. If you decide to go with Bitcoin or an another altcoin (that’s the shorthand for cryptocurrency), you can reasonably expect to get your money in your hands, or in your wallet – digital or paper, whichever you prefer – within just a few minutes. That kind of turnaround would have been simply unheard of even a few years ago, and serious sports bettors are the ones reaping the benefits today.
What Information Do I Need To Provide To Request A Payout?
The information you will need to provide in order to request a payout will vary based on the method you’ve chosen to collect your winnings and the sportsbook site you use. However, the general rule, regardless of the withdrawal option you go with, is that you will need to provide at least one form of valid ID (a copy of your driver’s license, for instance). If you go with a cryptocurrency withdrawal method, that might be all you would need to provide, but if you decide to collect your money via credit or debit card then you might need to provide evidence of your current address. In some rare cases, especially when dealing with the fastest sportsbook payouts, you may need to provide your social security number to your sportsbook, but don’t worry: none of this personal information will be stored on the permanent server.