Fast Payout Sports Betting Sites 2020
Online sports betting sites have done an incredible job bringing convenience to sports bettors who want the freedom to bet from anywhere they are. In the early days of the transition, though, getting paid in a timely manner was an issue. But thanks to forward-thinking sportsbooks and great banking technology, those issues are a thing of the past. Nowadays, there are fast payout betting sites that not only offer the convenience of being able to bet from anywhere, but they get your money to you without delays.
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Why These Are the Best Sports Betting Sites With the Fastest Payouts
- Speed of Payouts
- Banking Partners and Options
- Payment Processes
How are these fast payout betting websites able to process your money faster than anywhere else? Well, there are a few things they do differently that allow them to offer this competitive advantage. While some of you couldn’t care less how they do it, we know some of you are curious. Below, we’ll take a look at the top reasons these betting sites with the fastest payouts can continually get the job done. We’ll also look at the criteria that these fast payout betting sites need to get a spot on our recommended list.
Speed of Payouts
The number one reason you’ll find a betting site on our fast payout list is… Because they payout fast! Seriously, the best way to determine the speed of an online sportsbook’s payout process is to look at their track record. How long are payouts taking? Are they consistent? If they’re fast, how long have they been fast? Do they maintain that speed?
These are just some of the questions we look at when creating our best fast paying sportsbooks list. If they can get your winnings to you quickly and reliably, they’re most likely going to end up here.
Banking Partners and Options
One of the most important ways that fast payout betting sites get the job done is by having the right banking partners and options. You see, online sportsbooks don’t technically process their own payouts. They take your request and money then send it to a third party who handles it. This is similar to the way you use a credit card online at a major retailer. While your transaction is happening on the site, someone like Visa, Mastercard, or PayPal processes it. Online retailers know to let the experts handle such a delicate and important process.
Depending on where you live, different banking options are going to be faster than others. If online betting sites don’t offer the right banking options for your area, then your payouts will be slow. Sports betting sites with fast payouts usually have the best banking options. No matter where you are in the world, you can get your winnings without an unnecessary wait.
As you’ll see when we cover the actual payment process at fast payout betting sites, there are several steps that must be completed before your money can reach you.
While most of the work is done by the third-party processor, there are steps that need to be completed by the online sportsbook. When you first submit your payout request, it will go through their automated system. Once through the automated system, a staff member will need to review the request and forward that to the payment processor.
If you’re playing at top fast payout online sportsbooks, this will work smoothly.
Usually, there’s a gap between the time you submit the request and when it makes its way to the payment processor. But this is not the case at all online betting sites. Some sports betting sites have the tendency to delay approving your cashout request. Sometimes, this is for malicious reasons, but, it is usually because they don’t have efficient processes. This won’t occur with the fast payout betting sites that we recommend.
If certain online betting sites don’t have their back-of-house in order, fast payments suffer. If their processes can’t handle the volume of requests, this hurts their payment speed as well. And you know who suffers the most? You do! Thankfully, the fast payout online sportsbooks we recommend here do have these processes down pat.
It’s More Than Just Fast Payouts
Yes, the most important factor in determining the best fast paying sportsbooks is how quickly they payout. But that is not the entire equation. Just because they can move money around quickly does not mean they are high-quality fast payout betting websites. When we are looking to rack and stack online betting sites in regards to how fast they pay, there are other criteria that we look at as well. We feel that it is important to determine that they are a trustworthy sportsbook before we start analyzing their payout speeds.
Sportsbook Security and Safety
Is your money going to be safe? You won’t have to worry about how quickly you get paid out if your money isn’t being kept safe. Fast payout sports betting sites need to have the same levels of security that banks have because they are holding onto a lot of money for you. If they’re not putting forth the same amount of resources to keep you and your money safe, then we’re not interested in the speed of their cashouts. If we already have money on a lower quality site, then we would want to know how fast we can get our money off and to safer online sportsbooks.
Can you trust these fast payout betting sites? We want to know what kind of reputation the sportsbook has in the industry. Do they have a track record of good service or a track record filled with blemishes? Are they considered to be trustworthy and reputable online betting sites, or do they have past transgressions? We’re not running a popularity contest here, but we want to know that we can trust the online sportsbook to live up to their word.
Betting Options to Choose From
If you approach sports betting sites with any degree of seriousness, then you already know the importance of having the best odds and betting options. Whether it’s different sports offered, leagues or games covered, or the actual betting options, you understand the importance of flexibility. These options give you the ability to capitalize on all the hot tips you get and convert your predictions into cold, hard cash. The speed at fast payout betting sites don’t matter if you don’t have the right tools to turn a profit.
Ease of Use
Online betting sites with the fastest payouts should always be convenient. While payout speed is part of this convenience, it all begins with the sportsbook itself. Can you easily make bets? Can you find the sports you want to bet on? Is the process simple or is it complicated, leaving you open to mistakes? If an online betting site is too difficult to use, how quickly they can pay you out won’t matter.
Top-Rated Fast Payout Betting Sites
- BetNow offers Payouts in 24-72 hours
- MyBookie offers Payouts in 1-2 Days
- Bovada offers Payouts in 10 Days or Less
BetNow is one of many fast paying sportsbooks that also has a racebook and casino. Offering extensive action on almost all major sports, BetNow is a popular online betting home for bettors all around the globe. When it comes to payout speeds, they’re fast. One of the main ways they’re able to move winnings out so quickly is through the use of cryptocurrency, specifically Bitcoin. This allows them to process your money lightning-fast. Even if Bitcoin isn’t your speed, the speed of the other banking options are also reliable. BetNow does a great job no matter what option you choose.
As a great option for both international bettors and US bettors, MyBookie offers some of the fastest payments in the industry. With options including major credit cards, Bitcoin, bank wire, WU, checks, or even phone transfers, you won’t have a problem finding an option that works for you. Most cashouts are completed within 1-2 days with some being faster, especially through Bitcoin. Their sportsbook covers all of the major sports. Similar to the other fast payout betting sites that we listed, the coverage of games and bet types here is massive. If you’re an amateur or aspiring professional sports bettor, you will love MyBookie.
If you’ve been keeping up with the online sports betting industry in the last few decades, you’ve heard of Bovada. An OG of the industry, Bovada does a masterful job of staying on the cutting edge of the industry. One of the main reasons they’re relevant and at the top of so many people’s lists is because they payout fast. Regardless of the method you choose, you’re going to get your winnings quickly. Lately, they’ve also added a big push for Bitcoin, which has done nothing but increase their payout speed.
Top Fast Payout Betting Sites by Country
Depending on where you are in the world, different banking options will move at different speeds. There are some areas where a payout option might be the fastest, but in other parts of the world, it might be slower. In order to help you find fast payout betting websites that fit you and your area best, we’ve created dedicated guides for some of the biggest gambling markets in the world. Click on the link below that corresponds with the area you will be gambling from.
Online Sportsbook Payout Process
Many of you might be curious about how fast payout sports betting sites work their magic. While it’s rather simple, there are some important steps that need to take place. Below, we’ve outlined a few steps to most online sportsbooks’ payout processes. While it may vary, this is the general procedure, including important nuances within each step.
After betting on sports and winning, you’ll decide that you want to request a payout and let the online sportsbook know. Typically, you will select a payout method and the amount you want to withdraw. Once you click submit, the money will usually be pulled from your account and put into holding until the next step of the process. During this step, you can usually reverse the payout simply by clicking a button, and the funds will immediately become available in your account again.
Once your payout request has moved through the automated system, an actual person has to approve it. How this process looks will vary greatly among fast payout betting sites, but the idea is the same. They will go through a checklist to confirm that everything looks good. They will ensure that you have met all the prerequisites for the cashout and will mark it as good to go.
If they happen to find any issues, they will usually deny the request and send you an email informing you why. Or they may keep the request in holding and let you know what you need to do in order for them to push the payout through.
This process can take as little as a few minutes or upwards of a week, depending on the quality of the online sportsbook. All of the sportsbooks with the fastest payouts that we deal with are on the low end of that range, but slower sportsbooks can take longer. Check to see if the sportsbook has hours posted for representatives to handle these requests.
Fast payout betting sites usually have people working 24 hours a day, but some of the smaller online sportsbooks might have set hours. If your request comes in outside of those hours, they will get to it as soon as they get back into the office.
As soon as your request is manually approved by the sportsbook, it will be sent to the payment processor. Most online sportsbooks, especially fast payout betting sites, will update the status of your cashout to something like “processed” or “approved” to notify you that it has moved on from their systems.
Once this is done, the payment processor will begin transferring the funds to you. When you see the time frames listed on the website, they typically refer to this stage of the process. Some fast payout online sportsbooks will list the entire time from start to finish (which we think they all should do), but that is by no means an industry standard. Usually, they will say something to the effect of “timeframe after approved” or something like that.
Once your payout request hits the payment processor, it’s only a matter of Once your payout request hits the payment processor, it’s only a matter of time until you receive it. As long as they are reputable, you can sit back and relax as your money makes its way to you. If you have any delays during this step, you will still want to reach out to the online sportsbook for help. Reaching out to the processor will do you no good, because they won’t be able to look up your cashout.
How to Get Faster Online Betting Payouts
Getting fast payouts is not something that just happens. While choosing sports betting sites with fast payouts is an important part of the process, there are still things you can do to speed up the process. Below, we’ve put together a list of important tips to ensure you get paid quickly. Even if you use fast payout online sportsbooks, we recommend taking these steps to ensure an even better experience!
Fill Out Payout Paperwork Early
The very first time you request a payout from fast payout betting sites, you will need to fill out some additional paperwork. The purpose is to protect you and ensure that they are sending money to the right account. It’s not for the IRS or anything like that. It’s just to ensure the money is going to the right place.
This catches most people off guard, so it takes them a few days to get the paperwork filled out. Then, the online sportsbooks take up to a week to approve the documents. When you’re waiting for a payout, this is annoying. What was supposed to be a quick payout turned into a week-long process, even at a fast payout sports betting site.
This paperwork can actually be filled out at any point in time once you create your account. So, we recommend that you take full advantage of fast paying sportsbooks and request to fill out this paperwork as soon as you open an account. You won’t mind the fact that it takes a week to process when you don’t have any pending payouts. That way, when it’s time to request your first withdrawal, it will be quick.
When you open an account at fast payout betting sites, send a message to their customer support requesting to fill out any paperwork necessary for a cashout. Let them know you are not currently requesting a payout, but you just want to get it done ahead of time. You will thank us when the time comes for your first payout request.
Choose the Right Banking Option
Even at fast payout online sportsbooks, some banking options available will have slow payouts. Some banking methods may also have payout speeds that aren’t equal to other online betting sites. Take a few minutes to decide which banking option is the best for you. Make sure you take into account where you live, where you are playing from, and what methods are available.
Most fast paying sportsbooks are going to have charts that outline the different payout speeds for the different banking options. If you live somewhere that you think might affect the payout speed of an option, reach out to customer support and ask them what the typical wait time is. Remember, there is a difference between the total time it takes for you to receive the money and the time it takes payment processors or fast payout betting sites to process your transaction.
Additionally, you should be aware that some payout options will require that you have made a deposit with that option at least once before using it as a withdrawal method. While this might seem annoying, it is to protect you. Once they see the account information on the deposit, they know exactly where to send the cashouts without it accidentally going to the wrong account. You only have to do this once for each deposit option.
Figure all of this out long before you request your first payout. Determine the option that is best for you and make sure you’ve handled any requirements for each method. A little planning will go a long way with fast paying sportsbooks. They’re ready to go 100 mph, but only if you don’t get in the way either.
Choose the Right Time to Withdraw
This is one tip that could be useful, but we don’t want you to overthink it. If you’re ready to cash out at any of these fast payout betting sites, requesting ASAP is always going to be best. But this might be something you want to look into. Try to put your request in early in the week. Most people like to throw in their cashout requests at the end of the week, so support is going to be backed up. If you put yours in a few days early like on a Monday or Tuesday, you can beat that rush and get a little extra speed.
Additionally, don’t put one in immediately following a major event like the Super Bowl. Even the betting sites with the fastest payouts are going to be overloaded with requests, which means things will go slower. If you’re planning a cashout and can handle it prior to the event, do that.
Stick With Fast Paying Sportsbooks
We’ve said it once, but we’re going to say it again. The number one thing that you can do to ensure fast payouts is to use fast payout betting sites. Why? Well, they obviously care about how quickly you get your money and consistently prove that they can deliver. As long as you stay out of their way and don’t do anything to slow down the process, you’re always going to get your sports betting winnings fast.
Ensure You’ve Done Your Part
Almost all of the tips in this list have one thing in common—you. While online betting sites do most of the work to allow fast payouts, you still need to make sure you do your part. If they ask you for a document or a particular form, get it done as fast as possible. Too often, we hear about people having “payout issues” only to find out that the sportsbook has been waiting on something from them for weeks. When that happens, there is no one to blame but yourself.
Follow Up When Necessary
When it comes to online betting sites, you need to follow up the second you don’t receive your cashout within the given time frame. Don’t be rude or come out guns blazing, but you do need to find out what is going on. If the delay is not on your end, you should be able to get a detailed update on what the delay is and when you can expect your money.
We highly recommend pressing for both of these things. When online betting sites don’t meet expectations, you deserve an explanation. You should also get a date for when you should expect the money so you can follow up again if there is still a problem. Hopefully, you never run into this at any of the fast payout betting sites, but things do happen from time to time. The squeaky wheel gets the grease is a cheesy cliché, but it hammers home how things can happen in the online betting world.
Make sure you are not contacting any of these fast payout sports betting sites until the entire window they mentioned has expired. For example, if it says 1-2 days, don’t contact them after a day. Wait until after the second day, then reach out.
The fast payout betting sites that we’ve listed at the top of the page are trustworthy, secure, and efficient. Not only are the payout speeds impressive, but these sites have a variety of bets, excellent customer support, and other redeeming factors. Enjoy your online gambling experience with fast payout sports betting sites today. Good luck with your wagers!