Racebook Deposit and Withdrawals

What differentiates an online racebook from a traditional brick and mortar one is the mode of payment. You can place your wagers on the horse of your choice by using hard cash at a land based racebook or betting shop. With an online racebook, you first choose an online betting site and place your bet with the help of various online payment methods that are accepted at this kind of a setup. Players can wager real money in the virtual world of gambling with the help of online banking methods. This has become a reality due to the development of internet technology. Indeed, the deposit and withdrawal option is one of the significant factors to consider while choosing an online racebook.

Anyone who makes real money bets at an online racebook has the right to get speedy payout of winnings from the site. So also, depositing funds should be convenient and easy. The deposit methods and banking options may vary according to the country you are located in. After the passing of the UIEGA, many gambling sites do not accept US players. However, there are still some sites like Sportsbook.com and betonline.com that accept players from the US. So if you are a US citizen and want to bet on the horses online, make sure you select a racebook that will accept you. Again, another problem that US bettors face is the limited number of deposit methods available to them. Bettors from other locations have it easier since there are plenty of deposit and withdrawal options that they can use. In fact, they can pick and choose a racebook depending on the banking option they have in mind.

When you place your wagers at an online racebook, your main aim is to get money on and off the site with minimal of hassles. You must find out how well a banking option works for you and how fast your funds will be transferred to your account. Again, when it comes to speed and convenience, Sportsbook.com tops the list, with many review sites giving it an excellent rating on this aspect. There are plenty of sites that process your deposits and withdrawals quickly but then there are some that are faster than others. It is a good idea to check out what the chat forums and reviews have to say about the banking processes of a particular racebook before you join up.

Another issue that needs consideration is the safety of the banking operations offered by each site. The credit card details and other banking information that you provide to the racebook must be secure. You don’t want the servers hacked and your information stolen to be misused by unauthorized persons. Although this was a major concern during the early years of online sports betting, it is not such a big factor today since all top-rated online gambling sites use the highest security measures and data encryption to safeguard the clients’ privacy and safety.

Racebook Deposit Methods

Looking at the need for online gamblers to deposit funds conveniently, online gambling sites offer a variety of deposit methods. If you aren’t sure which method to choose, I’d recommend the credit card or e-Wallet options. These are among the quickest and most convenient options in that they are accepted in most countries. However, a word of caution is in order in respect of credit cards. In some countries, credit cards payments may not be allowed for gambling related transactions. So, check out the legal implications for your individual circumstances. Other popular deposit methods include Neteller, MoneyBookers, Paypal, eWalletXpress, UKash, Visa, MasterCard, Eco Card, e-check, Wire transfer and Bank Draft.

Some race books may also accept bank transfers to fund your gaming account. You can transfer money directly from your bank account to your sports betting account, depending on where you reside. This process usually happens quickly and the best part is that there is no middleman to deal with although your bank may charge you a fee for the transaction.

When you register at an online racebook, it is important t provide them with the correct banking details. Generally, the site will verify your credit card details to match it with your banking details. At the time of each deposit, all details are verified. If some details don’t match, your deposit will not be processed and you may have to go through the customer service of the site to resolve the issue.

Withdrawing your Winnings from a Racebook

Some horse bettors who place wagers online may have had difficulty in getting money out of their sports betting account. That is because many race books have set up standards for withdrawing cash from the online betting account to reduce the incidence of fraud. This is a good practice since you as a customer are assured of the safety and security of your money.

The standards for withdrawal put in place by the race books have simplified things further. You can make a withdrawal request just by calling the site’s accounts department. You might even be able to get your money within 24 hours of your request. Other methods of withdrawal include Neteller, MoneyBookers, Visa and MasterCard, wire transfers, bank draft, check and wire transfer. Some race books may allow the same method for deposit as well as withdrawal but some may not. Check out these details from the website’s banking page.

As a matter of policy, players have to wait for a minimum of seven business days after their first deposit to make a withdrawal from their account. The same method of deposit may be used to withdraw funds at least to the extent of the deposit in most cases. Sometimes additional documentation like a photo identity or credit card authorization form may be asked from you before a withdrawal is processed.

When it comes to banking processes at online race books, we recommend that you join sites that have security policies in place. Make sure that you do a background check on the speed and convenience of the banking process at any race book you choose to patronize.