Do you like money? If the answer is yes, then you should check out some American online sportsbooks. They are safe, legal, and have some of the easiest payout methods available. When choosing a site, it is important to pick one that has a lot of different withdrawal options. The more variety, the better. After all, you want to be able to easily get your money out of your account, don’t you? We are going to provide you with the necessary means to make an informed decision when it comes to picking a sports betting site with the best payout methods. We will cover payouts from legal and safety angles, we will tell you exactly how they work, and we will tell you about all the most popular methods.
Yes, they are. In fact, most of the US laws that regulate online betting sites do not have any bearing whatsoever on overseas sites like the ones we recommend. The one exception is the Unlawful Internet Gambling Enforcement Act (UIGEA), which limits the ways in which money can be transferred into and out of accounts. For our purposes, though, the UIGEA only restricts credit and debit card payouts, which is why you will not see them listed on this page. There are many other safe, legal payout options available, and we will take an in-depth look at all of them.
Are American Online Sportsbook Payouts Safe?
Absolutely. If there’s one thing that these American online sportsbooks take seriously, it is safety. All of the safe American sportsbooks that we support have been granted licenses by international gaming commissions, which regulate the way the sites do business. You can easily trust any of the sites that we recommend. They are home to millions of sports betting fans all over the United States, and each member is treated like royalty. There is no need to worry about someone hacking into your account and stealing your personal information, because each site is outfitted with sophisticated anti-phishing and encryption software. The server will always be secure, and all site traffic will be monitored 24 hours a day.
At Bovada, you will feel like the king of the castle, because they treat you like royalty. You will not find another site that is as posh or luxurious. You’ll feel the opulent vibe as soon as you visit the site. Graphics of pretty and well-dressed people beckon you to come in, hang out and win some well-deserved cash. Happy people, smiling faces, visions of dollar signs dancing in your head…yeah, you know where the party’s at, am I right? Bovada has it all: tons of sports to bet on, odds and wager types all around, great sportsbook bonuses to boost your bankroll…and easy peasy payout methods.
When you need to get your cash out of your account, an easy method to use is Western Union/MoneyGram. You’ll have your money with one or two days of requesting a payout. You just have to go to a retailer, fill out a form, and…voila! You have to withdraw at least $300, and your limit is $5,000. The other popular withdrawal method available at Bovada is check by courier. For this method, you have to go to Bovada’s cashier and tell them how much you want your payout to be. This method typically takes less than a week. The limits are between $20 and $3,000. Although there is a $50 fee on cashier’s check payouts, you will receive one free payout per month.
No. It is extremely unlikely that you will get in any trouble for making a payout. It is not against the law to use one of the safe and trusted withdrawal methods advertised on American online sportsbooks. The purpose of betting laws is to prevent unlawful bookmaking operations from taking root, not to punish regular citizens. We have looked into it, and have been unable to find a single documented case of an individual getting in trouble for withdrawing money. As long as the site you are using is safe and legal, you are free to make as many withdrawals as you like.
How Do Payouts Work?
Withdrawing funds from your account is a piece of cake. Near the top of the site, you will see a tab that says “online cashier” or “funding methods.” Click on this tab to see a list of all the site’s payout options. You can see all the details for each option if you click the link. Fees and limits vary from method to method, but you can rest assured that each one is safe. Please note that it is important to check and make sure your desired payout method is available through the site.
Now that you are familiar with payouts and withdrawals, we are going to take an in-depth look at the most popular methods. Not all online betting sites offer all of the same options. Some sites offer half a dozen options, and others offer only two or three. What follows is simply a compilation of all of the major payout methods you will find at a safe online sportsbook. So now, without further ado…
Western Union/MoneyGram
Also known as cash wire transfer or rapid transfer, Western Union and MoneyGram are two different types of money transfer services. Although it all depends on which sportsbook you use, it usually takes between 12 and 48 hours. MoneyGram offers two different options, MG Red and MG Express. The withdrawal limit for MG Red is typically around $785, with fees in the range of $10-$100. There are no fees for MG Express, but you are limited to withdrawals between $100 and $600, in multiples of $100 only.
Checks
Of the various types of checks available, cashier’s check is the most popular. Once you receive your check, you have to deposit it into an automatic teller machine within 14 days. You can take out as little as $1,000 or as much as $7,500. The fee range is anywhere between $40 and $80. Check by mail, check EXPRESS, and check by courier are some of your other options. Checks can be deposit directly into your bank account. Processing times range from 30 days for a check by mail, to 7 days for check EXPRESS.
Bank Wire Transfers
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If you want a quick and speedy withdrawal time, you might want to consider a bank wire transfer. It usually takes less than ten days. To request a payout, fill out an instruction form including the amount you wish to withdraw. This can be anywhere from $500 to $24,900 depending on the site, with fees in the range of $45 to $75.
Cash/Gift Cards
The various types of cash or gift card options include Amazon gift card, Walmart gift card, and My Cash Card. You will have your money within 24 hours. Payouts can be requested at any time, 24 hours a day. If you use a My Cash Card, you can only make payouts of $500. Amazon gift cards have a withdrawal minimum of $50. Walmart gift cards, on the other hand, do not have any minimums, maximums, or fees. You can pick them up at any Walmart store or other retailer.
Bitcoin
It’s a brave new world out there, and Bitcoin has been leading the way in e-currency for years. Bitcoin is a form of digital or electronic cash that can be easily transferred from one account to another. All you need to do is set up a Bitcoin address, and it will serve as you eWallet, and you give your address to whomever you want to do business with. One of the nice things about Bitcoin is that if you also use the service to make American sportbook deposits, you will not have any extra fees for withdrawals. A Bitcoin transfer usually takes no more than 48 hours, which is lightning-fast.