Today, a lot has changed in the sports betting world. With the advent of technology, you can now easily place bets at your convenience. In the last two decades, a lot of bookmakers have emerged. This increase in the number of bookmakers has paved the way for diversity as far as sports events are concerned. However, the diversity of sports events and the increase in the number of bookmakers in the betting industry isn’t the bone of contention today. What we would be discussing in this article are the different ways through which bettors can make deposits and how they can make the best off the deposits made. A major advantage of online sports betting is the number of practical features they provide bettors, some of these features include;
- Live stream feature
- In-play betting feature
- Virtual game feature, and lots more
Coupled with these features, online sports betting also has a wide range of deposit options available for bettors. Gone are the days when bettors would have to walk up to betting shops before they can place bets. Now, you can easily make deposits on your online bookmaker and kickstart betting anytime.
Table of content:
Deposit Options Available In Online Sports Betting
As a bettor, you should understand that deposit options vary from country to country. The deposit option you’d have access to solely depends on your place of residence. The deposit options available include;
➔ Credit and debit cards
Globally, credit and debit cards are the most widely used methods of funding betting accounts. How to go about deposits using this option is very easy and the fun thing is that it’s acceptable by almost all bookmakers. Transactions are completed using credit and debit cards under seconds, and as we all know, speed is essential in sports betting especially during in-play betting where you’ve to make quick deposits to meet up with a bet. Depositing via this method is all about transferring funds from your bank account to your bookmaker’s account. While doing this, make sure your details are adequately and accurately supplied. Some of the details that would be requested include;
- Card name
- CVV number
- Card pin
- Cardholder name
Supplying these details and the amount you wish to deposit is all it takes to fund your account. One thing you should also know is that credit/debit cards are of different types but the popular ones are;
- MasterCard
- Maestro
- Visa
- Verve
➔ Neteller
Neteller is another option for you. Neteller is known to provide its users with e-wallets through which they can make their deposits. Neteller is effective, convenient, and very secure. While using this deposit option, you wouldn’t have to worry about delayed transactions, your transaction will be processed within minutes. One unique thing about Neteller is that it can work with more than 25 currencies, and it’s available in over 200 countries.
Before you can gain full access to this e-wallet and enjoy these benefits, you’ve to open an account first by visiting the company’s official website. The registered process is very straightforward. It’s all about supplying your details as requested and selecting the currency you want to work with but be careful when selecting your currency because you wouldn’t be able to change it again once you submit.
Upon completion of registration, you would receive your unique Neteller ID and password via the email you submitted. Neteller also allows its users to connect their debit and credit cards to their platform. One more thing you should know about Neteller is that there’s a 7% deposit charge on every deposit you make.
➔ Skrill
Just like Neteller, skrill also functions as an e-wallet and permits funds transfer within minutes. Shrill is also available in over 200 countries but has a wider currency range when compared to Neteller. Skrill accepts over 40 currencies. Want to work with skrill? Opening an account with them is a requirement. On skrill, you can either own a customer account or a business account. During the registration process, you will need to supply your personal details as requested. Immediately after you complete your registration, you will receive an email containing your unique login ID and a link to verify your account. During verification, a little sum will be deducted from the user’s account. Just like Neteller, skrill also allows users to connect their credit and debit cards to their skrill account.
➔ PayPal
PayPal is also a very good deposit method bettors can rely on. Similar to skrill and others, PayPal requires signing up. A form will be provided, once you’ve filled out the form supplying all your personal details that were requested, verification is next up. Verify your account and fund it. Unlike Neteller, PayPal doesn’t charge for registration. Registration is free for all. However, it’s compulsory that you connect your credit/debit card to your PayPal account. Although this is optional on other platforms, it is compulsory on PayPal. Once you’ve verified and fully registered your account, you can now place bets. To place bets, you must first fund your PayPal account by transferring cash from your credit/debit card. After finding your PayPal account you can then proceed to place bets.
Creating A Deposit Strategy
Depending on the bookmaker you work with, new bettors are often entitled to first deposit bonuses. Some new bettors have their first deposits doubled while others only have a certain percentage of their deposit. As a bettor, you shouldn’t be moved by bonuses; rather, you should pay more attention to investing your cash in the right bookmaker. Most new bettors are always in a hurry to make it big from betting and this affects the amount of cash they deposit into their accounts. This is very bad because you could as well lose all your cash at once. Professionals advise that you should invest only about 5-10% of your credit in betting especially for beginners. Setting a deposit limit is also a nice move. For example, let’s say you decide to make £50 your deposit limit, any deposit above £50 wouldn’t be accepted.
Conclusion
People who feel they can make it big from betting in a very short period of time always suffer the most losses. These kinds of bettors are known as sports gamblers, all they do is pick random games with huge odds and place a huge stake on it, and hope to win. To be a successful bettor you’ve to be very calm and make sure every stake counts. Carry out proper analysis on games before placing bets, this way you can make the best of your deposit.
