Each and every online bettor knows that his winnings will mean nothing in case he is not able to cash out the money from that online sportsbook website. In this article we are going to offer you as much information as possible about how you can withdraw your winnings from an online sports book. Even if at first sight this concept seems to be simple, some online bookmakers are making it extremely difficult to receive your winnings.
Online Sportsbook withdrawal options
Here is the list with some of the most popular payment methods which are being used in order to cash out your winnings: Bank wires, Checks in the mail, DHL check in the mail, E-Check, Express money transfer, FedEx, Instadebit, Moneybookers, MyCitadel and Neteller.
4 Steps Guide to Cash out your winnings from an online sportsbook:
- Launch the software and log in with your username and password. In case it's a browser powered sportsbook, you just have to log in at their website.
- Click on the Cashier button, which is normally situated in the lobby.
- Click on withdraw and select the cash out method.
- Enter the info about the withdrawal method that you will use and select the amount of money you want to cash out. In case you will make your first withdrawal, you might receive an email with more verification steps that you have to complete.
What you need to know about online sportsbook withdrawals
Most online sportsbooks will require you to use the same payment method to cash out your winnings as the one that you have used to make a deposit. This means that sometimes you might even have to make another deposit in order to verify the payment method before, you will actually be able to cash out your online betting winnings.
In case you have just signed up for an online sportsbook, you will have to wait at least 7 days before you can make a withdrawal.
Another factor that you should take into consideration when cashing out is the bonus. This means that you must be familiar with all the terms and conditions that are imposed the moment you sign up. Some sites might take the bonus out of your account the moment when you will attempt to cash out, if you have not met the wagering requirements yet.
Patience is definitely very important when trying to cash out money from an online bookmaker. There are many websites out there that definitely do want to discourage you from cashing out and therefore they are making it look like a very hard process. The secret is to stay calm and patient and in the end you will be able to get paid.
The moment you will make the first cash out at an online sportsbook, you will most likely be requested to go through a verification process.
This way you will have to fax or send a scanned version of your photo ID or a utility invoice with your name on it.