Betting Deposit Options
Being good at sports betting is much more about predicting the results and guessing the winners based on your extensive sports knowledge.
A successful punter is someone who has all of the aspects of betting detailed and worked out in their favour. There is homework to be done in order to become a successful online punter and tipster since you will first have to learn how to choose an online bookmaker you can trust – which will be covered in future guides. Subsequently, another one of the most important aspects is finding the best deposit options which will allow you a smooth operation with your favourite bookies and a safe and secure way to transfer money from your personal accounts into the betting accounts for your sports wagering.
Some of the less experienced tipsters might be surprised to find out that there is an extensive list of available betting deposit options. Here you will be given an opportunity to go through all of the most commonly used funding methods to find out the best one for you.
Credit and Debit Cards
The most commonly used deposit methods with the majority of bookmakers in recent times are credit and debit cards.
With this incredibly simple payment process and instant access to funds available – both during deposits and withdrawals – credit and debit card deposits also make for some of the most reliable and safest methods of payments for your bets.
Using credit and debit cards for online betting is quite simple and quite similar to online purchases. Upon the opening of your account, you will be urged to provide all of the basic information and usually the security number on the back of the card before you go on to choose the amount you want to deposit into your betting account.
One of the major aspects of using credit and debit cards for funding your betting accounts is the fact that credit and debit card companies don’t want to get involved in shady businesses of any sort and their presence on a betting site is a good sign regarding the legitimacy of the operator in question.
Every site which offers credit and debit cards as payment methods are guaranteed to be fully licenced for operation in the online gaming business, which will ultimately put you in a safe betting environment without worrying about legal issues or any potential problems.
Betting sites which do offer credit and debit cards are usually the biggest ones in the business. That will ultimately mean that punters can expect a full range of sports offers and markets, usually with highly competitive odds.
With that in mind, it is fair to say that credit and debit card availability at a sportsbook is an overall positive indicator.
Another hugely popular way of making a betting deposit are eWallets.
Electronic wallet services are nothing new and boast a long-standing history in betting, as they are considered as one of the most reliable money transfer methods in the world. Acting similarly to bank transfers, eWallets are also quite often solid proof that a bookmaker is a regulated and reliable operator.
They are considered as fast, simple and secure ways to move your money online through which people can also fund the accounts of major payment methods like Visa and MasterCard.
A leader in the eWallet sphere is PayPal. Considered the original online payment service, PayPal is still used by millions of people all over the world. The best thing about services such as PayPal is that punters can access their funds almost instantly.
The process of setting up an account with any eWallet service is as simple as a Credit-Debit Card one. Punters need to sign up for an account and register with an eWallet service, before going to the funding section where you will be able to transfer money into your account.
The payments on the betting sites are made through the log-in into your eWallet account and password confirmation of the selected amount. Once this is done, the money will be instantly transferred to the betting site and placed into your betting account.
Other popular eWallet services are Payoneer, Skrill and Neteller, all of which are used to create a sort of a buffer between banks and bookmakers. Most of all they prevent individual bookmakers from accessing their bank account details and information.
There is a slight disadvantage with eWallet services, which are fees these services use for receiving and transferring money through the system. The fees go up to a few percent of each transaction, which for some are considered unnecessary costs. Being the most reliable and with the greatest and lengthiest reputation, PayPal could be the most expensive of all the eWallet services, but luckily others like Skrill (formerly known as Moneybookers) or Neteller will offer more enticing fees and good alternative eWallet options for those wishing to avoid the more expensive PayPal.
Banking Deposit Methods
The emerging world of technological progress, which races forward at an incredible pace has pushed some of the traditional, and yet so dependable money transfer methods aside.
Some would say it happened undeservedly, but bank (wire) payment methods continue to live on despite the emerging competition.
Using a system that stretches back hundreds of years, bank wires are not exciting and fast methods like eWallets or Credit/Debit Cards, but the request of a wire transfer remains an option for betting funding, especially with old-school punters, who are testing the waters with the alternative methods.
There is a certain sense of comfort and security with bank wire transfers, knowing that your money is going from one secure location into another. However, in today’s modern fast pace
world, bank wire transfers are considered an almost obsolete method of funding your betting account.
Bank transfers remain the slowest way for making deposits and withdrawal for that matter as you will be looking at a period of a couple of days before the payments have been processed and finalised. That means you will have to wait for a transfer before placing your bet.