Online Sportsbook Rules | Deposits and Withdrawals
When it comes to betting on sports at any online sportsbook, you should always have a good understanding of the rules governing deposits and withdrawals into your online betting account.
One very important thing to keep in mind when it comes to any discussion concerning online deposits and withdrawals is that each and every online sportsbook will have specific rules tied to their particular operating system.
There are some standards across the online sports betting industry, but you definitely need to consult the rules page for deposits and withdrawals at any online book you plan to bet with. The first example is the minimum age to place a bet.
Most online books require bettors to be at least 18 years old. However, some books have bumped that age to 19. Most land-based casinos and sportsbooks will use 18 as the minimum age, so that appears to be the standard across the industry.
The next rule on the list would be availability of funds. While there are any number of ways to deposit funds into an online betting account, as soon as they are cleared and registered in your account you will be able to place a bet.
Availability applies more to the deposit method. Some are faster than others, but most funds should be able to clear in a reasonable amount of time. Most books will not except payments from a third party. This means that any payment and funding methods employed must be in the same name as the person opening the online betting account.
One very important rule to take note of is the time delay between deposits made and withdrawal requests. The waiting period can vary depending on the method used for the actual deposit. For example, if you used a debit card or credit card to make a deposit, there will usually be some kind of verification process in place before any payments from that account will be issued.
There are also rules in place governing the frequency of withdrawal requests. There may be a certain waiting period in place between consecutive requests. Some books may have an extra processing fee in place for multiple requests within a certain time frame.
For example, if you make a withdrawal request on Monday, you may have to wait until the following Monday to make your next request to avoid any added costs.
Seeing how we are on the subject of withdrawals and payments, America’s Bookie is known for their quick payouts and free withdrawals. They’re a must to consider when opening a new betting account, whether it’s your first betting account or you’re adding another book for more lines to shop.
What makes deposits and withdrawals from an account a bit more complicated is the methods you choose. You should always be aware of any added fees or even hidden charges tied to the method you employ. Extra fees and charges can really add up over the course of a year, so it is extremely important to research all the available means at your disposal when it comes to managing the financial aspect of your online betting account.
One of the most popular ways to move money in and out of your account is with the use of Bitcoin. Once again, there are going to be some specific rules at each individual book. However, these transactions normally do not have any fees associated with their use. There are minimum and maximum limits in place, but the use of Bitcoin and other cryptocurrencies are rapidly becoming the banking method of choice due to the ease, security and discretion of personal information that goes along with their use.
Sports betting is growing in leaps and bounds, and Ask the Bookie is ready to move up the ranks as the best online source for sports betting information.
Every online sportsbooks will require documented proof of age, identity, address and payment methods. Acceptable forms of this documented proof include a current passport, current driver license or any other form of government issued identification. Acceptable proof of address would include recent bank statements and utility bills. Some books may require more than one of these documents as a means to prevent identity fraud.