Sportsbooks with Free Payouts

Posted on 05/12/2018 09:05

Sportsbooks with Free Payouts

You know a sports game very well and follow this very sport for years. You start placing bets on this sport online and enjoy a good sequence of winning wagers. Then, you need to withdraw your winnings but unexpectedly find there are fees associated with withdrawals. That is why you need to check all the fees a bookmaker is charging and look for sportsbooks with free and fast payouts before you start placing bets.

Fortunately, there are betting sites with free payouts around, as well as sportsbooks that charge a meager fee when you collect your winnings.

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Why Free Sportsbook Payouts Matter

When you are on a winning streak and respectively pile a lot of money from winning bets, it might seem acceptable to pay a small flat fee to cash out your winnings. However, you will not be on a winning streak forever. You win here and then lose there, that is the way it works.

If you are placing wagers regularly or doing arbitrage bets, you will need an option to withdraw smaller amounts of money to place wagers elsewhere or just to cash your winnings out. Here is where bookmaker’s free payout matters, as even the smallest flat withdrawal fee becomes a financial burden in the long run.

For example, if your bookmaker charges a flat fee of, say, $1 per withdrawal and you cash out every other day on average, you end up with about $100 in payout fees a year. You can use this money for other purposes, right.


Finding Sportsbooks with Free Payouts

Bookmakers want to make money out of everything. That is why the overwhelming majority of sportsbooks allow low minimum deposits and then charge you to withdraw your winnings.

There are very few betting sites with totally free payouts yet there are still methods to find ways to circumvent these charges.

A good number of sportsbooks and online casinos allow for one free payout a month. Thus, you can open several accounts with reputable sportsbooks and place wagers on a few different sites. After your winnings at a certain sportsbook reach your set amount, just wait for the free monthly withdrawal to become available and only then cash out your money.

Sure, this method requires depositing money with more than one bookmaker but you still can start with modest deposit amounts and wait until you have won enough money before cashing out.


Use Bitcoin Betting Sites with Free Payouts

If you read our articles about Bitcoin and Ethereum betting, you will find that currently the only method to get free transfers of money from gambling is by using a sportsbook that accepts cryptocurrency betting. This is specifically valid for bettors in the US where online betting is largely restricted.

By opening a cryptocurrency wallet for Bitcoin, Ethereum, Monero or Litecoin, you get fully anonymous betting account as well as nearly instant betting deposits and withdrawals. You can buy cryptocurrency on one of the many available online exchanges for digital currencies, so you need not mine crypto to start betting and then cash out your winnings.

The same applies to CSGO betting sites with free withdrawal. There is a growing number of sites taking advantage of cryptocurrency to avoid both legislative restrictions and make transactions easier and free of excessive fees.

Nonetheless, you should be aware that even though cryptocurrency betting usually does not involve deposit and payout fees, some sportsbooks and casinos have found ways to charge a flat fee on digital currency gambling. So, always check carefully the terms and conditions even of cryptocurrency betting sites with free payouts.


Catches of Bookmaker Free Payout

As we said, bookmakers are here to make money, not disburse them to punters. There are many catches associated with payouts and even sportsbooks that really offer free payouts are tempted to implement certain practices that make payouts a nuisance.

At first place, you will see that many bookmakers tend to delay your payouts intentionally. The ultimate goal is to persuade the player to cancel the withdrawal and return to betting with the sportsbook hoping you will place the money on losing wagers.

Furthermore, the abovementioned free monthly payouts also come with a catch, especially for gamblers located in the United States. While many sportsbooks with free payouts accept bettors from the US, many of them offer a free monthly payout only by cheques. This is quite a slow method to cash out your winnings and requires between 3 and 7 days for your cheque to arrive, in the best possible scenario. And then, in most cases you have fees associated with cashing out the very cheque.


Conclusion

You can always consult out list of sportsbooks with free payouts to find a bookmaker that allows you to maximize the profit from your winning bets. Nonetheless, you should bear in mind there could be other accompanying fees such as currency conversion fees or fast withdrawal fees that could eat away your savings from payout fees.

Most bookmaker free payouts are not quite fast, especially if you get them by cheque. The fastest bookmaker free payouts are when you are gambling at a sportsbook that is accepting digital currency payments. Also, when searching for sportsbooks with free payouts always check their terms and conditions for other fees that might offset the savings you get from free payouts.