Find out why you should use real money as you wager on sports betting sites. Know its advantages, disadvantages, and different payment methods.

If you are having a difficult time deciding what to use when you wager on sports betting sites, there are only two options available. You can use real money or cryptocurrencies. Both would allow you instant deposit and withdrawal of your money, depending on your payment method.

However, the most convenient option is to use real money or fiat money. This is a form of payment you are most familiar with because you use it on a day-to-day basis. It’s also known as a currency as it usually differs per country. If you live in India, you’d know this best as Rupee.

Advantages to using real money

Wagering using the money you are most familiar with is hassle-free. You would not need to convert it in order to bet on the matches you want. It’s convenient as you would be able to use it immediately once you withdraw your sports betting payout. Unlike with cryptocurrency that you need to convert into real money before you could use it in real life.

As there are 180 currencies in the world, there are different methods you can use to pay  with this. You can use debit/credit card, e-wallets, prepaid cards, and through bank transfer.

Additionally, there are thousands of sportsbooks that accept this payment. This means you wouldn’t have a hard time finding a site you want to wager in. All you have to do is worry about choosing the best bookmaker for you. You can also check your favourite teams' odds on these bookmaker's sites before betting. This helps you see your chances of winning the wager.

Disadvantages to using real money

While betting using fiat money is easy, there are some disadvantages to it as well. Sometimes the payment method that you use to deposit and withdraw would have a transaction fee. You would need to read up on the payment methods which is the best one you can use without a high service charge.

Besides that, your personal information like name and address would be shared. This is done by most online bookmakers in order to verify your identity. If you’re using a debit/credit card or a service that is connected to your bank, your information there would be shared as well. It’s an added security measure by the merchant site to ensure they’re dealing with a secure and licensed bank.

Which ones are commonly used in online sportsbooks and casino?

Most sports betting sites accept fiat currencies that are globally used. Additionally, they typically accept currencies from their intended market to make their site easier to access.
The most commonly accepted currencies are: EUR, USD, AUD, CAD, INR, JPY, CNY, and GBP. These are from the countries with the highest number of people who wagers online, whether in bookmaking or online casino sites.

Do I have a bonus if I bet using real money in online sportsbooks?

If you are new to sports betting, you should know that online sportsbooks like Sportsbet.io offers various bonuses. When you sign-up on their site, you automatically have 3x your stake in free bet in your account. This means when you bet on odds over 1.50 with exactly these amounts: €10 / USD 10 / R$ 50 / ₹1000 / 1000 JPY / 100 THB / 60 TRY / 70 CNY / VND 250,000 / ARS 450 / MXN 200; you will receive an equivalent of this amount: € 30 / USD 30 / R$ 150 / ₹ 3000 / 3000 JPY / 300 THB / 180 TRY / 210 CNY / VND 750,000 / ARS 1,350 / MXN 600 within 48 hours.

You may also like

SG vs SS Cricket Gloves

Two of the highest quality wicket-keeping cricket gloves available on the market. A. SS Men's Dragon Wicket-Kee...

DSC vs KD Cricket Helmet

Two fairly inexpensive cricket helmets best used for the nest and practice matches. A. KD Cricket Helmet Stainl...

Klapp vs KD Cricket Helmet

Two fairly cheap helmets best used in club-level matches. A. Klapp Armor Cricket Helmet with Back Head Protecti...

DSC vs GM Abdominal Guard

Two fairly affordable abdominal guards for guarding your private parts. A. GM Abdominal Guard

SG vs Klapp Cricket Helmet

Both fairly padded and highly-protective cricket helmets. A. SG Aerotech Cricket Helmet  

Jaina vs Cosco Cricket Balls

Both made for tournament matches, both made of quality materials, both made to be used in tournaments and practi...

Spartan vs Kookaburra Cricket Bats

The Spartan MSD-Warrior and the Kookaburra Ghost 300: two fairly priced bats for the choosy yet limited buyer. ...

Online Casino Live

Learn what live casinos are and how they work. Find out the common live casino games and where you can play them.

BAS vs DSC Thigh Guard

Two thigh guards with different designs but similar priced. A. BAS Vampire Player Thigh Pad 2 Strap