Withdraw your winnings FAST!
You found yourself a great betting site and managed to win some good money – now, it’s time to withdraw and party hard. However, contrary to popular belief, this is among the most difficult thing to do at times, especially if you are new to the world of online sports betting.
From our personal experience and expertise, we can tell you that a majority of people face problems when it comes to withdrawals. But then again, it’s not entirely impossible, especially if you have laid the groundwork.
Over here, you’re going to learn how to withdraw from betting sites fast. Follow this guide and rest assured, you will be a step ahead and get your money in no time. E-Wallets, bank transfers, credit cards, IMPS, we have covered all the leading withdrawal methods here. So, without further delay, let’s get started.
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How to Withdraw Money from Betting Sites
The most important thing you MUST do? Verify your betting account. There is a 0% chance you will find a trusted betting site that will let you withdraw your funds without verifying your account.
This is done to keep any potential fraudsters at bay, along with adding an extra layer of security. After all, the bookmakers want to make sure that they are sending the money to the right account only. Some of them are also more inclined towards weeding out money laundering activities. In other words, you need to verify your account and identity before counting your chickens.
How to verify your account
It’s simple. Upload/Send the necessary government-issued ID documents to the betting site and they will take care of the rest.
Of course, you need to make sure that all the details like name, date of birth, et cetera you provided while creating your account match the documents you are uploading. It can take up to 72 hours for the operators to verify your account. Once that’s done, it’s going to be a smooth ride ahead. If you want to know more about this process, check out our in-depth guide to verifying your sports betting account.
Find the Withdraw Option
Sure, this sounds obvious. But have you ever tried to find this on a betting site before? It’s not easy sometimes…Many of these are designed in a way to actively make it difficult for you to withdraw from betting sites fast. How cheeky! So, make sure you know where to find the option to withdraw your money. If you cannot find it, be cheeky and ask customer support!
Step-by-Step: How to withdraw money
Here’s an example of how to withdraw from betting sites. Here, you will see how to get your winnings from 10CRIC.
Click on the Account icon in the top right corner
Scroll down to the “My Account” section
Choose withdrawal method & enter the amount
Follow the instructions for the withdrawal method
Instructions will depend on the method you use
Your money will be transferred in up to 48 hours.
Tips for Fast Withdrawal Betting Sites India
Great, now that you know about the different ways to withdraw your funds, let’s take a look at some of the important things to consider. The tips below will stop you from facing any delays or problems later down the road.
Understand the Minimum and Maximum Limits
A majority of bookmakers will have withdrawal limits, depending on the mode you choose. For bank transfers and cards, the minimum withdrawal may be slightly lower than the ones on e-wallets.
In our experience, it can vary anywhere between Rs.400 – Rs.1,000. Hence, before submitting your request for withdrawal, be sure to check these out!
If you are playing with welcome bonuses, free bets, or any of the freebies offered by the operator, they will be accompanied by what is commonly known as wagering requirements.
Usually, before you can submit a request for withdrawal, you will need to wager your bonus and initial deposit 35 times. More details on the same can be found on the operators’ site.
Cancelling your Withdrawals
It is also possible to cancel your withdrawal request after raising a request for the same. Some operators allow you to do so manually by going into your account settings, while for others you will have to contact the support team and ask them to stop your withdrawal.
Withdrawal method takes different times
One very important thing that you need to be aware of is that the time it takes to withdraw your money will depend a lot on the payment method you use. For example, bank transfers can take up to 7 days for the money to be added to your account. Other types, like Bitcoin, are instant. Most others will take about 72 hours.
Top withdrawal methods in India
Mentioned below are some of the leading withdrawal methods that Indians can use to withdraw money from betting sites.
- Processing fee: None
- Processing time: Instantly
Neteller and Skrill are two of the most popular e-wallets in the world. They are easily accessible and are highly convenient to use. Generally, the withdrawals are processed instantly and the funds will be credited into your Neteller/Skrill account almost immediately.
All you have to do is enter your account ID and you’re good to go! However, withdrawing funds from the e-wallet into your account may result in processing fees, and foreign exchange fees.
- Processing fee: None
- Processing time: 1-2 days
Undoubtedly among the most popular methods to withdraw in India, Paytm withdrawals work like a charm. This payment method can be used either as a wallet or as a UPI to make payments, as long as you have linked your bank accounts to the wallet and a UPI ID for the same is created.
There are some catches to this method though – so make sure you’re aware of how to withdraw and deposit with Paytm
- Processing fee: Your bank may add extra charges
- Processing time: up to 7 days
Some of the Indian sports betting sites, like 10CRIC, allow their customers to withdraw the winnings directly in their bank account although, it can take some time for the transaction to be processed completely.
For instance, LeoVegas will not deposit your winnings into your account if it’s with any of the following banks: AXIS Bank, HDFC Bank, ICICI Bank, Standard Chartered Bank, or Bank of America. It is for this reason that bank transfers are highly subjective and we recommend that you stick to popular methods like e-wallets, Visa, and MasterCard.
- Processing fee: None
- Processing time: Instant
Thanks to the massive rise in popularity of cryptocurrencies in 2018-19, many leading betting sites have started offering cryptocurrency as another mode of making payments. Bitcoin seems to be the most popular choice at the moment with other crypto-coins expected to follow suit soon.
Driven by high security, online wallets, and principles of cryptography, this is among the safest methods to withdraw your winnings, especially if you are particularly savvy with the dealings of cryptocurrency.