Best online sports betting payments: How to remain secure and in control of your funds

The online gambling industry ranks as one of the most competitive in business since the world’s top names arrived in the USA.

Changes to the laws regarding betting in the US were ushered through in 2018, allowing several states to allow residents to place bets on their favorite sports. This includes the National Football League, English Premier League, and Ultimate Fighting Championship.

There’s also horse racing, greyhound racing, basketball, and rugby.

A brief look at the most reliable free sportsbook reviews available to those searching for an online gambling app show bettors is spoiled for choice.

The leading names from the era of land-based betting in Las Vegas, Nevada, are thrown into the mixing pot with the most famous bookies from the United Kingdom and further afield.

The UK is regarded as the spiritual home of legalized sportsbook gambling, and the firms who have dominated the market over the years in England have arrived Stateside. They are eager to get their hands on such a lucrative market.

Manage your money

It’s a challenging time to be a successful bookmaker, but a golden age for bettors. You can read the reviews, choose the best betting app, register an account and land a welcome bonus free bet. But there is another option that professional and profitable sports bettors use.

You can join as many online bookies as you wish.

The more you register, the more free bets you’ll receive. Keep signing up and landing those bonuses. This tactic also gives you access to the best odds each time you place a bet. It’s something we advise readers to do to ensure they get the best gambling experience possible.

The welcome bonus free bets are just one of the ways bookies aim to catch your attention. To be noticed and ensure a steady stream of new players to their business, the marketing team must make a noise. They must shout loud enough so that you can’t ignore them.

As you can imagine, there’s no better way to achieve that than by offering free bets. Every sports fan loves a free bet, so they can’t go wrong. It’s a full-proof plan. Yes, but that plan is somewhat diluted when every bookie on the scene offers a free bet.

Gamblers are beginning to get wise to this approach.

They read the terms and conditions in more detail than they once did, comparing sports betting apps against each other and finding the fine margins. One approach that separates the good bookies from the great bookies is the payment options available.

The more ways you can manage your betting finances, the better. This covers all aspects of paying for your bets and receiving profits, budgeting tools, transfer times, and even cryptocurrencies.

The bookie with the latest and greatest options is the one that attracts the most business.

This article reviews the best payment options and finance control measures available. These are the features you should be looking for in a bookie before signing up, and if your current app doesn’t cover all, it’s time to find one that will.

A firm grasp of your payments will lead to better money management and more secure service.

It can even help avoid problem gambling.

Deposits

When joining an online bookmaker, you want to find one that offers a long list of secure deposit options.

The more ways to safely add funds to your account balance, the better. You can stick to one method or add as many as you like. This helps you control where the cash is coming from to cover your bets and means you can better control how much you spend on sportsbook bets.

The most popular way to instantly move funds is using a debit card, and the top names are covered. There are debit card transfers, such as VISA and Mastercard, e-wallets like PayPal, Skrill, and Neteller, cash vouchers, and Bitcoin.

Pair your payment option with your betting account, add the amount you wish to transfer, and click to confirm.

All deposits are instant, meaning there’s no waiting around. You can add funds and place bets without delay.

This is essential to modern bettors who need to strike their bets before the odds change, and they miss out on having a bet at the best price. The latest online security measures protect all transactions, including Secure Socket Layer technology.

Bet at the top apps with complete peace of mind.

Withdrawals

Bookmakers offer the same options when withdrawing as those looking to deposit.

VISA, Skrill, and Bitcoin are all available and protected in the same manner as funds sent to the betting app. So, why does it matter which withdrawal option you choose, and why would you have more than one if they are all the same? Good question.

Some bettors like to add multiple payment options because they have different withdrawal times. Suppose you land a nice price winner and want to withdraw the cash to your account before you feel the urge to place another bet.

There’s always a risk that when you back a winner, you’ll spend the profits on more bets and start back where you were. So it would help if you had a withdrawal option that is fast and secure.

When requesting cash from your bookie to your debit card, the transfer times are advertised as between 3-5 business days. But that is changing, and there are reports of instant transfers. It all depends on which bank you join.

Withdrawals to e-wallets like PayPal are usually within the hour, and that’s also true of crypto.

Security

Ask your online bookie which security measures they use to protect your online transactions. You want to know that you are covered against fraud and cyberattacks. You will be if your app runs Secure Socket Layer technology.

This tech scrambles your sensitive information to ensure another person can’t see details like your bank account number. That includes staff working at the sportsbook. Not even the betting app staff can access your info.

Sportsbooks have also started asking that your winnings be sent back to the card you used to deposit and pay for the bet.

For example, if you use VISA to add funds to your betting account, place a wager on soccer, and it wins at +1000, the profits withdrawn must be sent back to your VISA card. You can’t bet with Visa and withdraw Bitcoin, for example.

This measure is to help you manage your finances in the best way possible, and it also helps guard against money laundering.

There are other things you do to add extra weight to your defense. Create a memorable username and password that can’t be easily guessed or hacked. Opt for two-point authorization, where you will receive an email to confirm before withdrawing cash.

These small things will help tighten your security and make it more difficult for anyone to get their hands on your details.

Currency

The best bookies allow members to deposit, bet and withdraw in their chosen currency.

There’s no need to stick to one currency as it can be altered at the click of a button. If you are from the US visiting the UK on business and fancy a bet on the English Premier League, you can bet in US dollars.

All transfers and exchanges are done for you, meaning you have more time to bet. This is also true when you bet with crypto. You can add $100 to your betting balance from your crypto account, which will show in your preferred currency.

You can change the currency you bet within the member’s area of your betting app.

All major currencies are available, from Great British Pounds and US Dollars to Euro and Yen.

Free bets

Now that we know the options available to bettors, let’s move to land a free bet.

The leading sportsbooks offer all new players a welcome bonus when they create an account, deposit, and place their first bet on sports. Your welcome bonus will be added to your account balance when that qualifying wager has a result.

In most cases, the welcome bonus reserved for new players is a deposit-matched free bet. If you join a bookie, deposit funds using your debit card, and place a qualifying bet on a sports market with odds of +100 or better, the marketing team will drop a free bet into your account.

The freebie will equal your first deposit and can be used to gamble on your favorite sports and markets.

This type of bonus works great for both the bookie and the bettor. The sportsbook knows it’s rewarding someone who intends to use the account to bet on sports rather than taking the free bet and moving on to their next victim.

The player gets a free bet to enjoy their new betting app, and they control how much they spend and how big a free bet they get.

It’s a great match, and you can claim yours now.