There are several different deposit options for March Madness betting if you reside in the United States. Depending on the amount you want to deposit, and your preferences for speed, cost, and convenience may land you on a different deposit option compared to another sports bettors. We’ll break down a few of the top deposit options for online betting to get you started wagering online for this year’s NCAA Tournament.
Credit or Debit Card – Most Convenient Deposit Option
Credit or debit card is easily the most convenient since most Americans can reach into their wallet and instantly have a way to deposit into an online gambling site. Visa cards have the highest acceptance rate at online sportsbooks, but other cards, such as MasterCard, American Express, and Discover. Most of the time, there will not be fees for depositing with a credit card and if the transaction is accepted – the funds are credited instantly.
However, deposit limits are low for credit and debit cards compared to other methods. If your credit or debit card is declined, the easiest fix is calling your bank or credit card company and telling them to “allow foreign transactions.” Don’t tell them you’re trying to use the card to deposit into an online sportsbook, as they cannot legally knowingly help you process an online gambling transaction.
High Stakes Bettors Deposit Option
Bank wire is the best method if you’re a high stakes bettor that is going to wager thousands or more per game. Some betting websites do not have a maximum limit for depositing with a bank wire. However, the transfer is not instantaneous, like a credit card. Bank wires take a few business days to process, but most sportsbooks have deposit limits of $10,000 or more.
If you’re depositing a significant amount with bank wire, most sportsbooks will pay your transfer and banking fees. Bank wire is also available as a payout method, unlike credit or debit card.
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Cryptocurrencies – Best Overall Deposit Option
Cryptocurrencies are easily the best cashier option for bettors these days. Most betting sites have bonuses tied to Bitcoin and other cryptocurrency deposits, but that’s not the main reason to use cryptocurrencies.
They’re free to deposit and withdrawal at pretty much every sportsbook online and have similar or higher deposit limits than bank wires. There are lots of options for betting cryptocurrencies, and they are by far the best choice for betting the NCAA Tournament.
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Originally published: March 15, 2019
Content updated: March 12, 2019
About the Author
Joseph Falchetti
Editor-in-Chief, Pro Sports Bettor and Casino Expert
Joe is the author of the majority of sports betting pages on SBS and he serves as a gambling consultant to our content team. He's been mentioned on Forbes.com as a gaming analyst, and his articles have been linked by larger publications, such as the New York Times.
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