1. Sports Betting Payouts Odds
2. Parlay Sports Betting Payouts

If you have ever wondered how sports betting works, then you’re in the right place.

We’ll show you everything you need to know about sports betting basics, odds, and even payouts.

Placing wagers might just have started from the first civilization.

Back then, it was called casting lots, and it was more or less a form of gambling.

Who started sports betting?

For a site to have made our list of top fast-payout sports betting sites, they obviously need. Bovada Sportsbook is at the top of the online sports betting industry, and a big reason for that in addition to their odds, are the methods and speed of payouts in 2021. Bovada offers both electronic transfers of funds from an account, as well as through the use of a check sent in the mail.

SportsBetting.ag is an elite choice for betting sports online. Their payouts are extremely fast, most are free, and they have some of the largest limits anywhere in the world of internet sports betting. In addition to a sportsbook, they have a poker room, racebook, and casino, all from the same account. Home Sports Betting Sites Fast Payout. Tired of Waiting for Your Monies? Then Join a Fast Paying Betting Site. Betting offline vs. There are many, many differences. Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds.

No one knows.

But you can rest assured that from the very first sporting event, people have been casting lots and placing bets for a long time.

So if you’re curious about it and would like to know how sports betting works, then keep reading.

How Sports Betting Works

Sports Betting Basics: What Is Sports Betting?

If you’re at least in your early teens, then chances are you already know what a bet is, and it is very likely that you’ve already won a few stakes yourself, with the loser doing a few of your chores as a result of you being right.

It’s also very likely that you’ve also had to do a few chores too for getting it wrong yourself.

Now that you have a perfect example of what betting is, it’s time to relate those childhood games you used to play to the big multi-billion dollar business that is sports betting.

In Sports Betting, you place a bet on an event, say the Steelers beating the Ravens (this is just an example you can place bets on different sports), and the Steelers actually wins, then you’ve won some money.

But if the Ravens are victorious, then you lose your bet.

For some, sports betting is a way to make money, and others do it for its fun.

It gives them an added reason to enjoy a particular game.

It gets them more involved in a contest in ways they wouldn’t have if they didn’t have some money riding on the outcome of that particular contest.

The Plus (+) & Minus (-) Signs

In sports betting, especially in America, the plus (+) sign denotes how much a $100 bet will payout.

The minus (-) sign denotes how much you have to use to place a bet to get a payout of $100.

However, the plus and minus signs are also used for more exciting kinds of bets like the point spreads.

The point spreads (Europeans call it Handicap) are one of the most common types of wagers, with the lines of such wagers being displayed with the plus and minus signs.

For most games, there’s usually a favorite and an underdog.

The favorite gives points to the underdog and is displayed with the minus sign, while the rest/underdog who takes points from the favorite is displayed with the plus sign.

Let’s take a look at the example below.

Pittsburgh Steelers vs. Baltimore Ravens

Point Spread: Steelers (+3) -110; Ravens (-3) -110.

This is an example of a point spread.

The Pittsburgh Steelers have a game at Baltimore against the Ravens (the home team is displayed second).

The Baltimore Ravens, who are favorites, are down 3 points, and placing a wager on the Ravens means they have to win with at least four points to get a payout.

Placing a wager on the Steelers, who have a 3 point advantage, means you get a payout when the Steelers win the game or lose by 1 or 2 points or if the match ends in a tie.

The -110 means you get $100 in profit when you wager $110.

The point spread lines could also come in fractions like the example below.

Pittsburgh Steelers vs. Baltimore Ravens

Point Spread: Steelers (+4.5) -110; Ravens (-4.5) -110.

If you placed a wager on the Steelers, you’d need an outright win or a loss by four points or less, while the Ravens have to win by at least 5 points to get a payout when you place a wager on the team.

The Money Lines

With money line bets, you don’t have to worry about points or runs.

You just place your wagers on who you think would win.

It doesn’t matter how many points or runs a team is able to get.

As long as they win, you get a payout.

Money line wagers are also displayed with plus and minus signs, which just signifies the odds.

Odds just tells you how much you can win with a particular wager or how much you need to bet to win the desired amount.

As usual, the favorites are displayed with the minus sign attached to the number, while the underdog has the plus sign attached to its number.

As a newbie, you might find the money lines market a little confusing, but it gets easier once you get the hang of it.

Let’s take a look at this example.

Baltimore Ravens (-200)

The Baltimore Ravens are clearly the favorites with the minus sign. It also means that you would have to wager $200 for a chance to win $100.

Pittsburgh Steelers (+180)

With Pittsburgh Steelers being the underdogs, they have a much larger payout than the Ravens.

The +180 means with a $100 wager, you walk away with an extra $180 in the event that the Steelers beat the Ravens.

Totals or Over & Under Betting

The Totals market deals with the number of points scored in a contest.

There are usually options for both teams as well as each team.

Here’s an example.

Baltimore Ravens vs. Pittsburgh Steelers

Over 46.5 points -110; Under 46.5 points -110

In this example, you place wagers on whether the total score would be over 46.5 or under 46.5.

If you believe the total score would be more than 46.5, then you should place your wager on the Over 46.5.

But if you strongly believe that the total score would be less than 46.5, then that’s the option you should bet on.

Baltimore Ravens

Over 25.5 points -110; Under 25.5 points -110

While the previous example shows lines for the total points scored by both teams, this example shows lines of the number of points scored by the Ravens in a match against the Steelers.

The same rules still apply; the only difference is the opposing team’s points, which in this case, the Steelers will not be included.

The Total or Over / Under market is an excellent option for a rookie who wants to start sports betting.

But the bookies who determine these betting lines are really smart, and as you go further, you come to realize how much more challenging these lines can be.

The Over and Under betting can be found in Football, Baseball, Basketball, Tennis, Soccer, and several other Sports.

Where to Place Bets

When it comes to where to place bets, there are two main places to place your bets. The physical or land-based sports bookies and the online sports betting websites.

The land-based sports bookies are found in casinos and several other places.

While on the online sports betting websites, all you have to do is create an account, fund it and start placing bets on your favorite sports.

For more convenience, betting online is the best option for many.

Conclusion

With this guide on how sports betting works and sports betting basics, you’re sure to take your bets from total novice to a pro.

Let us know your thoughts in our comments section below.

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When you’re using an offshore sportsbook over the Internet, there are few more pressing considerations that getting your winnings out and quickly, reliably delivered to you stateside. To facilitate this, there are a number of different withdrawal methods that are legal for online betting, and different sites will typically offer similar services. Though many online gamblers simply re-invest their winnings into future bets, it's common for people to want the money they won in their hands. The only real difficulty for US players in claiming their winnings (and it’s a small nuisance, not a deal-breaking problem) is the federal Unlawful Internet Gambling Enforcement Act (UIGEA, 2006). This is a restriction on US banks and other domestic financial institutions, however, and individual bettors are not targeted by the law. It’s merely a speedbump to getting your winnings, and there are lots of solid workarounds provided by the best offshore betting sites.

Depending on which site you place bets with, you may have a dozen or more options for legal sportsbook payouts. Or you might have just one or two available to you. All legitimate sportsbook sites will allow you to withdraw your winnings, obviously, but they vary in terms of the variety of withdrawal methods. As a result, when you're hunting for an online book to serve as your primary betting site (even though we highly recommend you join more than one book for the purpose of line shopping), you would do well to look into their available payout options to make sure they offer the right methods for your particular needs.

Popular Methods That Americans Use For Safe Payouts From Betting Sites

Because of certain federal + state betting laws that interfere with the way funds can be transferred to and from legal sports betting sites (specifically the UIGEA), the number of methods for getting paid could potentially be limited. That means the pool of legal sports betting withdrawal methods commonly used by USA players is pretty small. A breakdown of the most popular ways to get to your winnings is posted below, starting with our most recommended method, Bitcoin.

Bitcoin

Bitcoin is the newest method for legal sports betting withdrawals that online sportsbooks have added to their arsenals. Bitcoin is a digital currency that is both decentralized and relatively anonymous. This means that you do not have to worry about a bank refusing to cash your check or holding up delivery in some other way, as banks have nothing to do with Bitcoin in the first place.

BTC withdrawals are the fastest way to receive sportsbook winnings, with your funds delivered to your wallet within a few hours in most instances. Another great aspect of this particular payout method is that you do not have to pay any withdrawal fees, so your earnings are credited in their entirety.

One point of advice with Bitcoin withdrawals is to cash out when the value of Bitcoin is either the same or higher than its price at the time of your initial BTC deposit. Remember, Bitcoin is actively traded in global exchanges, and the price can fluctuate dramatically over just a few hours or days.

Best Bitcoin Sportsbooks: Bovada Sportsbook, 5Dimes Sportsbook, SportsBetting Sportsbook

Check By Mail (Courier)

Getting a paper check in the mail from any online sportsbook's cashier department is a relatively simple way to collect your money. Probably the most basic withdrawal method of all, a check by mail works like any other check sent through the postal service. However, be advised: It can take a long time for your sportsbook’s cashier to send you your check – up to 15 or more business days at some sites! Additionally, you'll need to fill out a withdrawal form and send in a proof of your identity (a photocopy of your photo ID usually works), but besides that, withdrawing your money through check by mail is a viable withdrawal method at every legitimate online gaming site, and it is therefore very popular for USA sport bettors trying to operate within the legal confines of the UIGEA and other laws.

Typically, courier check payouts can take a bit longer to process, which can sometimes lead to further delays when receiving your check payouts, but there can be options with paper checks that will allow users to get their funds quicker. Generally speaking (and depending on your sportsbook), it could take as little as 7 days to get a check or as long as 30 days. Regardless, you will eventually receive your money, as the method is definitely proven, and if there are any problems with receipt, your book will work with you to make you whole ASAP.

Withdrawal Fees For Checks: Typically Lowest Of All Payout Methods - Most Sportsbooks Give One Free Per Month.

Wire Transfers

For legal sports betting withdrawals, bank wires are an easy-to-use option. When you write a paper check to a retailer or an individual and they cash it, there's a lot of paperwork and electronic activity that follows. Bank wires basically cut out the paper portion of this exchange, making a funds transfer from your online casino or sportsbook account to your chosen financial institution nearly instantly. Think of a bank wire as a digital check.

The main benefit of bank wires, or eChecks, over paper checks is in the time the transfers take to process. Instead of waiting a month for a check to arrive in the mail, you often have your winnings in your bank account or eWallet within just a day or two. Most legal betting sites that accept USA bettors allow eCheck withdrawals.

Popular Brands Of Wire Transfers: Western Union + MoneyGram

Bank Wires

For legal sports betting withdrawals, bank wires are an easy-to-use option. When you write a paper check to a retailer or an individual and they cash it, there's a lot of paperwork and electronic activity that follows. Bank wires basically cut out the paper portion of this exchange, making a funds transfer from your online casino or sportsbook account to your chosen financial institution nearly instantly. Think of a bank wire as a digital check.

The main benefit of bank wires, or eChecks, over paper checks is in the time the transfers take to process. Instead of waiting a month for a check to arrive in the mail, you often have your winnings in your bank account or eWallet instantly. Most legal betting sites that accept USA bettors allow eCheck withdrawals.

Sportsbooks That Use Bank Wires: Bovada Sportsbook, BetOnline Sportsbook, SportsBetting Sportsbook

Debit Card Payouts

This is a great way to get paid by an online sportsbook, but the betting sites that use it are extremely limited. At this time, there is just one online betting site we know of that offers them: 5Dimes Sportsbook. That being said, the availability changes from month to month, so you may not always see this option offered.

Debit card payouts basically work by re-crediting the debit card used to make your initial associated deposit into a sports betting account. At 5Dimes, they only accept Visa, so Visa debit cards are the only ones that can be “refunded”. The process will require the user to fill out a debit funding application to get started, but again, they must first use that card to make a deposit - only debit cards used to fund the betting account can be used for this.

Typical transfer time on debit card payments is around one week, and fees are generally low. It is also worth noting that debit/bank cards that are capable of international purchases are going to have much better success rates than those not officially afforded that luxury. For legal sports betting withdrawals with debit cards, you will need to speak with customer service. Ideally, you will only use this option if no other more straightforward option suits your particular needs.

Prepaid Card Sports Betting Payouts

Most often, prepaid cards are associated with deposit methods for an online betting site. However, prepaid cards can also be used as a method to receive a payout from a sportsbook as well. Not every website will offer a prepaid payout option. Each betting site will have its own rules and regulations regarding how a prepaid card can be used. For example, at 5Dimes Sportsbook, they have a prepaid card called the 1500 CLUB card. This is a card where deposits and payouts can be made by account holders. Users are issued a card after joining the 1500 CLUB program and will be able to dictate the payout process under the guidelines of 5Dimes.

Other prepaid card payouts center on major credit card brands. Visa is most often an option, but other prepaid cards have the potential to be accepted after consulting with the cashier at your betting site of choice. Not every top site supports prepaid card betting payouts, and others do offer the service but do not advertise it publicly. If you want to know whether or not your sportsbook offers prepaid card payouts, you will need to contact customer service for the final word.

How the UIGEA Has Affected Withdrawals

The UIGEA (Unlawful Internet Gambling Enforcement Act) was passed in 2006 as a weak attempt to stop all “unauthorized” online gambling inside US borders. It limits banks and other financial institutions from knowingly transferring funds to and from online gambling websites. The UIGEA doesn't apply to all forms of deposits and legal withdrawals, instead mostly going after credit card payments, debit card deposits, and any direct funds transfers from your bank to your player account. What's really frustrating is that the UIGEA has scared PayPal, the world's most popular eWallet, away from the American market, even though they are one of the most popular gambling withdrawal platforms in the rest of the world. Simply put, the UIGEA makes legal withdrawals a little more expensive, a little harder, and adds some time to the exchange of funds. Unless, of course, you use a cryptocurrency like Bitcoin or supported altcoins (i.e. Ethereum, Litecoin, Cardano, Stellar, Ripple, DASH, Bitcoin Cash, etc.).

Other Problems Americans Have When Getting Payouts From Online Sportsbooks

The UIGEA is not the only stumbling block Americans have in the way of withdrawing funds from their Internet betting accounts. The first thing that would prevent a USA gambler from making a withdrawal would be if he weren't of legal gambling age in his state. Online casinos use age-verifying methods to make sure you're complying with local and federal laws. Another little headache is the requirement that you verify your identity before you make a withdrawal — when it's time to collect your winnings, you'll need to fill out paperwork and provide proof of your identity. No legitimate sportsbook or online casino is going to prevent you from getting legal sportsbook payouts, as long as you are who you say you are.

Best Legal Betting Sites With Quick And Reliable Withdrawal Methods

BetOnline Sportsbook - Payments Made In Under 48 Hours Depending On Method

Besides a great variety of games and betting options built on proprietary software, BetOnline has a really beneficial withdrawal system. Americans can request a payout once a month with a $50 credit against any withdrawal processing fees.

BetOnline allows USA gamblers to withdraw using paper check by mail, book-to-book transfers, Western Union and MoneyGram wire transfers, person-to-person withdrawals, and (for those lucky Americans that have the ability to do so) ACH withdrawals directly to your bank account (bank wires). BetOnline also handles payouts in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and DASH cryptocurrencies, which offer the fastest withdrawal methods and carry no added fees.

Bovada Sportsbook - Up To Four Friendly Options For USA Sportsbook Payouts

Bovada is for North American customers only, an offshoot of the mega-popular Bodog betting network. Bovada uses check-by-courier, Western Union and MoneyGram (by request), bank wire transfers (by request), and Bitcoin/Bitcoin Cash to pay withdrawals to their North American customers for anything from sports gambling to online poker to horse racing betting.

Please note that all Bovada customers get one free 'check-by-courier' withdrawal per month, a no-fee withdrawal method that can save you the hassle of having to pay a portion of your winnings to a middleman. Other methods like wire transfers typically have $40 to $80 in processing fees, but payments usually arrive within 48 hours or sooner.

• COUNTRY
• LEGAL SPORTSBOOK
• PLAYERS ACCEPTED
• RATING
• MOBILE?
• MORE INFO
• VISIT

• BetOnline Sportsbook
• Accepts U.S. Players From All 50 States

• Bovada Sportsbook
• No Players In DE, MD, NJ, or NV

• SportsBetting Sportsbook
• Accepts U.S. Players From All 50 States

• MyBookie Sportsbook
• Accepts U.S. Players From All 50 States

Sports Betting Payouts Odds

• BetDSI Sportsbook
• Accepts U.S. Players From All 50 States

What Is The Fastest Method For Getting Money Out Of Sports Betting Websites?

Many users like to get their legal sportsbook payouts from a betting site quickly. When selecting an option based purely on speed, Bitcoin is the quickest way to get paid. (If you are not familiar with Bitcoin, another option is a wire transfer.) Bettors can expect a Bitcoin transfer from their sportsbook to be made within 4-12 hours following the approval of the withdrawal by the customer service department. That means that in most cases, the bettor can have their payout back to them the very same day that they request it. The most you can expect to wait, if your book has very high payout traffic, is a day or two, though these cases are the exceptions. Legal sports betting payouts are both expedient and reliable with Bitcoin and other supported cryptocurrencies (which work the same way).

More About Online Sportsbook Withdrawal - Payout Fees + Charges

Parlay Sports Betting Payouts

No matter the sportsbook you use, when it comes to making legal sports betting withdrawals and receiving a payout from a site, there are fees to consider. There is no 'one size fits all' fee at a sportsbook. Each potential fee will be tailored to the type of legal sportsbook payout that is being sent to the player. Not only will the fees vary depending upon the type of payout, but fees for the same payout methods can also vary from sportsbook to sportsbook. Different sites will assess fees differently. This is another incentive to shop around at the different sportsbooks and join multiple services so that you always get the very best value for your money. Joining several books is not just to help with shopping betting lines, of course; it is recommended that you do this based on a number of factors including payout fees, bonus perks, and more.