Sports Betting Sites: A Guide to Sign-up, Deposit and Withdrawal
Just as with any gambling site, so too with sports betting sites there is a simple sign-up process followed by a deposit (so you can start betting) and then withdrawal of any winnings. Once you have selected and decided on the sports betting site you will work with, you need to find out if there are any promotional offers available. Such offers will usually be announced on the homepage itself. If you donâ€™t find any indication of any promotional offers, check the menu for â€œPromotional offersâ€ â€“ usually a separate page is setup with details on all the current promos. Each promotional offer will also have a link that leads to the terms and conditions of the offer. You need to read those terms and conditions carefully and also be pretty sure you have understood them. Also, it is always a good idea to check out the terms and conditions for withdrawing money from your sport betting account.
Select an appropriate username
Just like at any online site, you will be required to register with the sports betting site before you can place your wagers. The registration or sign up process is very simple and quick. And, it is of course, free. Most sites have a small online form that you need to fill up wherein you enter some personal details â€“ name, address, email id, date of birth and so on. You will also be asked to choose a user name and password. When you choose a username, make sure that it is something unique. Sports betting sites do not allow you to change your username, so choose one that you will be happy with in future. At the time of sign up, you will also be required to provide a valid email address which will be verified by the site. The email id is the primary means of communicating with you and is also used for informing you about the ongoing promotional offers and latest happenings at the site.
Deposit and withdrawal options
The sportsâ€™ betting site you decide to place your bets with, should pick should be capable of transferring money to banking or card destinations of your choice. There are those who like to have their bank accounts linked directly to the sports betting site but this illegal in the US. Wire transfers and credit cards are acceptable. The most popular however, are the e-wallets. E-wallet or electronic wallet is a concept that came into existence with the express need to make online financial transactions more secure and less prone to hacking or fraud. With this method of payment, you are assured that your financial data is secured because e-wallet system does away with the need for storing and displaying credit card information or even transmitting credit card or banking information. Your transaction is therefore, that much safer. Most of the time though, e-wallets are only used for depositing funds into your account with the sports betting site whereas credit and debit cards are used for deposits and withdrawals. Every sportsâ€™ betting site has a page dedicated to explaining the rules and procedures for depositing and withdrawing your funds.
How to deposit
Before you can deposit, you need to log in to the site. Find the cashier or deposit button on the site. From here, you will be directed to a secure page. There are usually four different ways to deposit. First is through the credit card. You will have to enter your credit card number, expiration date, CVC code and so on. Once verified, the site will process the payments. Another way is through e-wallet sites like Moneybookers. If you select this one, you will be redirected to the partner site. Some use sites like Neteller, PayPal, Moneybookers and others to process such deposits. Once processed, you will be directed to the originating site (in this case the sports betting site).
Another form of deposit is via money transfer. You can use services like Western Union. For such deposits, the site will often need to select a particular physical branch to deposit the money. You have to go to that branch to make the deposit. It is secure since you know that you have placed the money directly into the account. Although not recommended for security reasons, you can also phone in your deposits by calling a designated phone number and when requested, punching in your credit card details. The phone-a-deposit procedure however, is deemed unsecured as the phone call can be intercepted by a hacker.
When making a deposit, the minimum will start normally at around $20. If you experience any form of deposit failure from credit cards or any method, Call the customer service of the site and inform them about the problems. Check your account if any money got lost on the process. You might want to nominate a different deposit option. Choose the option on your account and repeat the process.
How to Withdraw
Withdrawal of any winnings from the site will have a particular minimum and maximum amount. Some allow up to $100,000 for one withdrawal. Check the site you are transacting with since every sport betting site will have different policies about withdrawal. Normally you have to first make a call to the customer support before any electronic withdrawal transaction is done. This is a security feature that is done to ensure that the money goes to the right person and account. You will also need to fill out a verification document linked to your card as well. The information will be deemed as secure and confidential so rest assured that your information will not be used unless asked or requested by the sports betting site for the purpose of posting results or promoting winnings.
The withdrawal part is generally trickier compared to the deposit since usually, the winnings are big and the site would want to make sure that the information on the account is valid and is owned by the same individual who won the bet.