MyTopSportsbooks Withdrawal Guide
Betting on sports is aa fun and exciting venture in itself, but who can deny the true joy we get when we process a juicy withdrawal from our sportsbook account? While having fun is the most important goal, having a nice bottom line always brings a smile to our faces. In this guide to withdrawing from online sportsbooks, you will know all you need to know to process take your winnings out! Congratulations, you earned it!
All three are true, certainly on occasion, but we all love to bet on sports to make a profit. The goal is to come out of a sports fixture – such as horse racing, NFL, NBA, NHL or MLB betting – with more money than you went in. It’s why we sports bettors carry out countless hours of research and keep our finger on the pulse of the sports and gambling industry. It’s even why we set to cash out the sports betting budget each month.
Bettors spend far too much time chasing a winner and aren’t exactly sure what to do with it when they get one. Do you know how to withdraw cash from your online betting account to your bank, e-wallet or crypto account? What does cash out mean on Sportsbet, and is there a prepaid card that works quicker than debit cards?
You will by the time you finish reading this article.
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What we cover
Signing up and depositing money with a sportsbook is easy. Withdrawing from a sportsbook and receiving the winnings you’ve accrued is where the process gets a little more complicated.
MyTopSportsbooks brings you the most important things you need to remember regarding withdrawing your funds from your favorite bookies. We want to ensure your withdrawals are fast, secure, and reliable.
Some of the things you can expect to find covered in our latest expert sports betting article include how to cash out your bets on a sports app, Why can’t I withdraw from Bovada today, and what is the best way to withdraw from Bovada using your smartphone?
Wait, there’s more. If there’s a Bovada withdrawal fee (spoiler alert, there’s not), is the Bovada withdrawal to a debit card easy?
What’s the issue?
One thing that sticks in the throat of bettors is they can add funds to their online gambling account with a button. The cash is taken from their account and given to the bookie instantly. But that’s not the case when it comes to withdrawing your winnings. Have you ever checked how long does Bovada Bitcoin withdrawal take, according to Reddit?
We understand why many readers get annoyed with instant deposits but slow withdrawals. Things usually get tense when they ask how long it takes to withdraw from Bovada. But understanding the process may help you cut the bookies some slack—just a little. The bookies also have to wait for your deposits to hit their account, but they are happy to live with the waiting time and get on with allowing members to place bets.
Surely it would be easier for everyone if there was a Bovada withdrawal check by courier option, with the winnings sent to your home or place of work? That’s not an option, and waiting for the check to land on your doorstep could take many days longer than requesting funds be sent to a Skrill, Neteller, or PayPal account electronically. But can you withdraw money without an ID?
You’ll find it covered on this page if it’s worth knowing.
There are justifiable hurdles that can postpone withdrawals. Suppose you haven’t completed the account verification process before withdrawing from a sportsbook. In that case, you must send documents verifying your identity before getting your money out.
This can delay your ability to make a withdrawal request by up to 72 hours. The process is long, but it is a necessary step the sportsbooks take to weed out any potential fraudsters. If you play properly, varying your account will take seconds, and your withdrawal request will be submitted.
What is the minimum withdrawal at Bovada? That depends on the account you are sending the winnings. Debit cards can take between three and five days. E-wallets and Crypto wallets are getting closer to instant but are still advertised as 24 hours.
What Kind of ID Do I Need to Provide?
The amount of documentation needed varies by the sportsbook, but every book will request a government-issued ID at a minimum. This is any valid photo ID with the same name as the betting account holder: a driver’s license, health card, passport, etc. You will need to send a scan or photograph of this identification to the sportsbook for processing.
You may also need to provide documentation with your billing information, such as a utility bill or bank statement. If you choose to deposit by credit card, you’ll need to send a photo of both the front and back of the card and possibly fill out a credit card verification form.
Methods for providing these documents will vary by the sportsbook. Some will require you to email images to their verification department. Others may have the option to upload documents directly to the website.
Because of how long verification takes, paying attention to everything a given sportsbook needs to meet its guidelines is important. There’s nothing more frustrating than finding out that you also need to send a picture of you holding your ID after you’ve already been waiting for 48 hours.
Use your sportsbooks’ customer service if you need assistance sending verification documents. Many sportsbooks have 24/7 customer support; you can contact them by email, phone call, or over web chat. They will treat any matters relating to problem gambling with the utmost privacy.
Payout speeds can vary by the sportsbook, so we’ve included each sportsbook’s payout speed on our top 5 list. Stick with sportsbooks that have Good or Fast reported speeds, and stay clear of those with slow payouts.
How to Withdraw Funds
Once sportsbooks verify your identity and documentation, you can place a withdrawal request. Go to the “Cash Out Bet” page or window (which may also be titled Cashier, Withdrawal, or Wallet), and input how much money you would like to take out. Then, select your preferred method of payment.
Before you withdraw, be aware of how much of your money is eligible to be withdrawn. Sportsbooks may “lock” some of your funds until you clear a deposit bonus rollover. So, while your account may have $500 in it, only $200 may be eligible for withdrawal without suffering a penalty.
After you’ve input the amount you want to take out, click the “request withdrawal” button. The sportsbook will review your account information to ensure the request can be processed. Most sportsbooks state that a withdrawal request can take up to 48 hours to review and process, but that’s mostly dependent on the volume of requests they receive. Usually, you will hear back about whether the request was successful within 24 hours.
Canceling Your Withdrawal Request
If you decide you’d rather leave the funds in your account, you can cancel your withdrawal request. You can do this at any point in the process. Just visit the same page on which you requested the withdrawal; there should be an option to cancel.
You can even cancel the withdrawal request after it has been processed. This is true as long as the money hasn’t been “shipped” yet.
Don’t Withdraw All Your Funds at Once
It’s important to leave adequate funds in your account while your withdrawal request is under review. If your account has $2,000 in it and you request a withdrawal of $1,200, you can’t go ahead and bet $1,000 on a basketball game that night.
It’s also worth remembering that a withdrawal can’t process while a deposit is pending. If you’ve just topped up your account, you’ll have to wait a few days until you can withdraw funds.
Leaving a positive balance in your betting account gives you more freedom. You can bet on the sports app and cash out—online betting cash out at Bovada on your iPhone. If you know when to cash out a sports bet, that option will always be available when using your mobile.
Cash out calculator could help you learn how to withdraw money from Bovada to a cash app. This feature is present in all bookies featured on this page.
Maximum and Minimum Withdrawals
Each cash bet sportsbook will have different minimum and maximum amounts you are allowed to withdraw at one time. The lowest minimum withdrawal we’ve encountered is $10, while maximums can vary significantly based on the size and scale of the sportsbook. However, sportsbooks always allow at least a few thousand dollars to be taken out at once.
Not only do withdrawal limits vary by site, but your chosen withdrawal method will also impact how much you can take out. For example, a withdrawal by cheque will carry different limits and fees than a withdrawal by Bitcoin. Sportsbooks will always waive fees for your first withdrawal; some even allow one free withdrawal per month. If you plan on taking out money more frequently, be aware that most books have a limit of one withdrawal request per week.
Regarding withdrawal options, you may be required to use the method you selected to deposit funds. But there are some cases where that won’t be possible, like credit cards can be used to deposit money but cannot be used as a method of withdrawal.
In that instance, you should know the advantages and disadvantages of each of the more popular withdrawal methods. This includes cryptocurrency, person-to-person, eWallet, wire transfers, and credit card/debit cards.
If you think you’re finished with online betting, at least for the foreseeable future, make sure to withdraw your remaining funds. Inactive accounts can be declared dormant.
By “dormant“, we mean no deposits, withdrawals or bets for a year, or 18 months, depending on the book. Dormant accounts are often subject to a monthly fee until the balance reaches zero. Policies vary by sportsbooks. Be sure to read the dormant account policy on the betting sites you use. Each site will eventually claim your funds if an account remains inactive for too long.
Read the T&Cs
In addition to reading the expert advice and the FAQs from this page, you should also get up to speed on the terms and conditions of the different withdrawal options. These can be found on your bookmaker’s website and smartphone app.
Some of the subjects covered and questions answered in the T&Cs apply page include the minimum withdrawal at Bovada, rules on the Bovada bonus money withdrawal, and any Bovada withdrawal fees you should be aware of today. Is a bank account, VISA, or Mastercard the best payment method when wagering for the first time? Will bank transfers be accepted as deposit methods? What are the processing time and withdrawal times for punters using online banking methods?
If you can’t find the answers you are looking for in the small print, you could also contact the customer services team by email, telephone or Live Chat. The customer care team can help with how to withdraw from Bovada to a cash app, how to cash out when using Bovada, the Bovada cash-out rules and why the Bovada cash-out might be suspended.
How to cash out at that sportsbook, and even cashing out at Bovada with Bitcoin. How to cash out a bet on sports? Can you cash out on sports bet, and which is the best cash app for betting?
They know their stuff and are happy to help.