If you are planning to join the sports betting world, you need to learn about its most pleasant side – winnings. Learn how to withdraw sportsbook winnings from online sportsbooks, when to cash out and what are the best ways to do it in 2022.
Winning money is a primary goal for all bettors. Is there any other reason to sign up for online sportsbooks? Obviously, making a profit from sports betting is essential but there is another important thing everyone should know – how to withdraw sportsbook winnings. We will give you some tips on how and when to cash out if luck is on your side.
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How to withdraw sportsbook winnings – methods
The first thing you need to consider before cashing out is how to withdraw sportsbook winnings. Currently, the following options of withdrawal are available at most sportsbook sites:
- Bank transfer
- Credit/debit card
- Transfer to e-wallet
Surely, not all sportsbooks have the same banking options but these three are usually present at all online bookie sites. However, you have to consider the method you used to deposit money into your account. Some sportsbooks allow you to withdraw your winnings only the same way you’ve topped up your account balance.
Last but not least – check which withdrawal options have the lowest fees. Some methods allow you to make transfers with zero fees, while the others require you to pay for it. Also, don’t forget to check the limits for withdrawals as well as time frames for transferring money.
What’s next?
Once you’ve chosen the preferred withdrawal method, read the rules and cash-out policy provided by a sportsbook. It includes all the things we’ve mentioned above: methods, fees, time, and limits. However, some online sportsbooks can also have specific rules about withdrawing money. To avoid any surprises, read reviews about sportsbooks and don’t forget to check the FAQ section. If you have any questions, contact customer service available 24/7.
The next step is placing a request. By doing it, you confirm how much money you’d like to withdraw and how to do it. After submitting the request, press the “Withdraw” button, double-check the information, and confirm your decision.
Then, all you need to do is wait for your winnings to appear in your physical wallet. Depending on a sportsbook and withdrawal method, it may take from a couple of minutes to several days.
