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 KD Cricket Helmet

Two fairly priced cricket helmets at affordable prices. A. SG Aerotech Cricket Helmet

What is the World Cricket League?

Find out what the World Cricket League is and kind of teams can compete in it. Learn how the competition works.

SG vs BAS Elbow Guards

Two inexpensive elbow guards, two different styles. A. SG Super Test Elbow Guard

In-Play Betting Explained

Find out what is in-play betting and how to wager with this kind of betting. Know the best website you can go to...

What is the Caribbean Premier League?

Find out what kind of competition Caribbean Premier League is and when it usually starts. Learn about the differ...

DSC vs Klapp Cricket Helmet

Two fairly expensive cricket helmets with very different safety features. A. DSC Scud Cricket Helmet Medium (Sk...

How to Make an Esports Bet Online

One of the things you need to know if you are fond of playing video games online is esports betting. This simply...

What is a Casino Price Boost?

Find out what is the casino price boost and how you can use it. Know the best online casino sites where you can ...

How to Choose the Right Sports Betting Match

Find out how to choose the right sport and match to bet on. Know the different kinds of sports betting matches a...