Withdrawal Process Explanation
Withdrawing from online sportsbooks back to your bank account is typically a three step process.
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The first step consists of verifying your identity. Although some bookmakers may require this when you initially create your account, some will request it only upon your first withdrawal. No matter when your ID is requested the process is the same and either uploading or Emailing them a valid form of ID such as a passport or driving license is necessary. As well as proof of ID many online gambling sites require proof of address in the form of a bank account statement or utility bill.
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The second step of paying out is requesting a withdrawal from your betting account. Betting sites will always have a wallet or some sort of cashier section which allows you to make a withdrawal request. As well as choosing a withdrawal amount you will have a huge variety of payment methods to choose from but it is very likely you need to have deposited by that method first.
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Processing your payment is the final step required to withdraw money. This step is done exclusively by the bookmaker and consists of them checking the personal details and ID of all UK customers to make sure that any wagering requirements have been met and there are no anomalies. As long as everything checks out the withdrawal request can be authorised and processed. Normally the payment process takes 24 - 48 hours however fast payout betting sites can take significantly less time with some of the payment methods mentioned above.
Betting Sites with Fast Withdrawals – Our Top 5
| Bookmaker | Fastest Withdrawal Methods | Processing Time (As advertised on their websites) | Minimum Withdrawal | Maximum Withdrawal |
| Betfred |  |
Visa Fast Funds - Instant | £5 | £30,000 |
|
|
Within 4 hours |
£5 | £30,000 |
| Hollywoodbets UK
|
 |
Within 2 - 24 hours |
£5 | £5,000 |
| Betway |  |
Within 2-24 hours |
£5 | N/A |
| William Hill |
|
Within 4 hours |
£5 | £33,000 |
Betfred
Betfred is an exceptional online betting platform, offering a diverse range of sports and casino games. The user-friendly interface makes it easy to navigate and find your favorite events. What Betfred are really good at is their quick withdrawal process, allowing you to enjoy your winnings in no time. Customer support is also top-notch, ensuring a seamless and enjoyable betting experience. Highly recommended for those looking for a fast withdrawal from a top UK bookmaker.
✅Pros:
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Generous New User offer with Free bets to be placed on whatever you like.
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Excellent odds on minor league football games, often best priced among the competition
Hollywoodbets UK
Hollywoodbets UK is a fantastic new bookmaker that offers a diverse range of sports and markets to bet on. The user-friendly interface and competitive odds but what sets Hollywoodbets apart is that they are one of the fastest withdrawal betting sites! Highly recommended for those who value quick and hassle-free transactions.
✅Pros:
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Bet Builder covers a large range of sports
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Best Odds Guaranteed and a Run for your money on all UK races
Unibet
Offering one of the fastest withdrawals available and the first E-Wallet on the list, Unibet provides up to a £5000 withdrawal in under 4 hours of your withdrawal request if you use PayPal.
✅Pros:
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Best Odds Guaranteed on all UK racing
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Fun and Friendly well designed website
Betway
Betway withdrawal times come in slightly quicker however with much more variance. Using Neteller on Betway allows your withdrawal to be processed within 2 - 24 hours. This means a shorter time than PaddyPower may be possible however it is not guaranteed.
✅Pros:
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Excellent 24/7 customer support
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Great App with built in Cash out feature
WilliamHill
WilliamHill may be the bookmaker of choice for high rollers when it comes to fast withdrawals. Providing a less than 4 hour withdrawal time for a maximum amount of £33,000. WilliamHill provides an extremely high maximum withdrawal and allows you to withdraw a great amount of cash.
✅Pros:
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Acca Freedom: Boost or Insure
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Epic Odds Price boosts on every big game!
How We Rank the Fastest Withdrawal Bookmakers
When it comes to ranking bookmakers, our primary goal is to ensure that our readers have access to the most reliable, trustworthy, and user-friendly betting platforms. We consider various factors such as the range of betting options, the odds, bonuses and promotions, any additional features, customer support, and of course the range and speed of their payment methods.
Range of betting options (Sports & Markets)
All top-notch bookmakers will have a large range of sports and other topical events to bet on. Everyone has different interests, and a good bookmaker should cater to these varied preferences. Our ranking process takes into account the number of sports offered by a bookmaker, as well as the popularity and niche appeal of those sports. From mainstream sports like football, basketball, and tennis to niche offerings such as Esports, politics, and Eurovision, we ensure that the bookmakers we recommend provide an extensive selection to suit all tastes.
The Odds
Another critical aspect of our ranking process is the average odds offered by bookmakers. Competitive odds ensure that you will get the best possible value from your bet, maximizing potential returns. Our team regularly surveys the odds each bookmaker offer and use this empirical data to rank each betting site.
Bonuses and Promotions
Attractive promotions and bonuses can add significant value to your betting experience. Our ranking process takes into consideration the variety and generosity of promotions and bonuses offered by bookmakers, including the welcome offer, existing user promotions, and any other concessions and loyalty programs. We also take into account the fairness and transparency of the terms and conditions associated with these offers.
Additional features
Each betting site will have slightly different features as part of its product. The more the better as far as we are concerned so we check if they provide live streaming of a wide range of events, if you can cash out your bets, if they have the bet builder capability and whether or not they provide a dedicated mobile app.
Customer Service
Reliable and efficient customer support is crucial for a positive betting experience. Our ranking process evaluates the availability and quality of customer support provided by bookmakers, taking into account the number of different communication channels available (e.g., live chat, email, phone), and test the response time and the knowledge of the support staff that answer.
Payment methods
Another important aspects is the range and speed of payment methods offered by bookmakers. The range of payment methods offered increases the flexibility and convenience for you and the quicker you get hold of the money the better.
How to Make a Withdrawal?
Withdrawing is arguably the best part of real money online gambling because this is where you get hold of your winnings! Withdrawing has been streamlined into an exceptionally simple process by online bookmakers and these days it simply requires a few easy steps to get your money. Assuming that you are already logged in and have funds in your wallet that need to be withdrawn, the following guide will show you how to make a withdrawal.
- Locate the withdrawal section of your betting account
Start by locating your account wallet which is normally in the menu towards the top right hand side of the screen. After locating the correct area you should see a drop down menu usually referred to as your 'My Account' area.
- From here access your account controls, or at some sites at this stage you can jump straight to selecting 'withdraw' as an option.
On the next screen you can see your basic account info, including your withdrawable balance and some other relevant details. Notice how they have made it very easy to find the deposit button by making it yellow, but not so easy to spot the withdrawal button (they are not alone in doing this). Choose that you want to 'Withdraw Funds'.
- Select your payment method and amount
Choose your preferred payment method from those provided by your bookmaker. Many sports gambling sites offer a great variety of withdrawal methods (each method comes with its Pros and Cons) but UK customers must withdraw back to a method they previously deposited with. As well as choosing how you want to withdraw you also need to decide how much to withdraw. If you feel your time with a site is done for now then as long as there are no withdrawal fees taking the money out of your betting account makes sense. In this example we are just going to withdraw £5 which is the minimum amount possible. Enter the amount and click 'Withdraw'. - Enjoy your money!
Your money will be in your account typically within 24-48 hours and this is what most betting sites will state. However if you are using a fast payout betting site (as we are) and the Visa Fast Funds payment method then your money could be with you in a matter of minutes. For us when researching this article this was actually an instant withdrawal!
Which Online Withdrawal Method The Fastest?
With a huge range of withdrawal methods available at almost every online bookmaker, finding the fastest payment method is a difficult task but we have done the research for you, and below give you our findings on the fastest online payment methods. Although the exact withdrawal time will vary from bookmaker to bookmaker they often share a similar withdrawal speed.
Debit Card
Using a debit card can result in near instant withdrawals if it is a Visa card and both the banks involved are part of the Visa Fast Funds scheme. Regardless even if it is a standard debit card withdrawal it will still provide some of the fastest withdrawal times available. At a variety of sites, Debit card withdrawals take less than an hour and in some instances can just minutes for your money to be back in your bank account. As well as the high speed, a debit card will typically have higher limits than other payment methods and some bookmakers offer withdrawals of £25,000 or more (However this depends on the bookmaker and some sites enforce significantly lower limits).
E-Wallets
E-Wallets are definitely the second fastest withdrawal betting method. Some of the most popular E-Wallets such as PayPal and Neteller provide withdrawals in 1 - 4 hours if done in the UK and they are usually the quickest way to send money to and from foreign bookmakers, but with UK gambling legislation that does not really happen anymore.
The Slowest Withdrawal Methods
Of the payment methods available there are few that could be considered especially slow. Bookmakers themselves are often the limitation when it comes to withdrawal speeds. However below we list the two methods which although rarely used, when they are used, they are slow...
Wire transfers (Bank transfers)
These are one of the slowest methods of withdrawal. It is not uncommon that when you withdraw funds it is 3-5 days before the money hits your account. Bank transfers are exceedingly slow and are only really good for withdrawing large sums for high rollers who bet with large amounts frequently.
Cheques
Remarkably, these are still used to pay withdrawals but this is quite rare, it is only on request and there is often a fee involved. Should you request a withdrawal via cheque in the post expect to be waiting for around a week or more until the funds are in your bank account.
Tips on How to Improve Withdrawal Times?
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Choose a reputable bookmaker: Some bookmakers like to drag their feet when it is time to process withdrawals, whilst with others you can have a near instant withdrawal. As a rule the older, more established, sites in the UK with greater financial muscle behind them make payments more swiftly than the newer and probably smaller operators.
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Plan when you withdraw: This advice is a double edged sword. On the one hand, it is true that if you withdraw at 1 pm on a Wednesday afternoon there is a good chance you will get paid quicker than if you withdraw at 11:30 pm on a Saturday night. This is due to a number of factors and will depend on the banking method you use, bank transfers being the worst hit and debit cards next. However, if you decide you want your money on Saturday night, perhaps because you have bet on Saturday's football games and now have some winnings, then there is little point in waiting for Monday morning at 9 am to withdraw funds. Yes, it might have a quicker turnaround time from submission to the money arriving but you will get the money at 10 am Monday morning in both scenarios so in reality there is no difference.
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Choose a fast payment method: There is a good chance that when you go to withdraw from your betting account the bookmakers give some guidance as to what withdrawal methods are available to you and how long each one will likely take. If you want to withdraw money quickly then choose the one that is a fast payout (which is usually one of the Fast Funds debit cards).
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Sort out the admin ASAP: It is likely that at some point during your time online betting you will be asked to provide ID documents as part of the KYC (Know your customer) procedure. It is nothing to worry about but it can cause delays when you want to get paid. It does not hurt to ask what documents they require and upload everything as soon as you join, rather than wait for them to ask you.
Possible Reasons for a delayed Betting Site Withdrawal?
ID Checks not completed
The most likely cause of a delay to a withdrawal will be that they are waiting for some form of ID from you. This can range from simple Govt photo ID such as a passport scan or a Driving Licence scan as well as some proof of address like a bank statement. It can be more complex though and if you are unlucky you may need to send scans of the card that you used and a source of funds form amongst other things!
Slow bookmaker
It is actually hard to know this in advance but sometimes you will open a betting account at a bookmaker who are slow paying people. They may not have been when you deposited but if they are when you make a withdrawal request then it is you who will be waiting for your money.
Bad timing
You can find yourself with a delayed withdrawal if you find the expected time frame clashes with a weekend, or even worse a bank holiday. This can be especially problematic around the end of the year when you have Public holidays for Christmas Day, Boxing Day, and New Year's Day, and if there is a weekend in the middle, a normal payment time of three days can easily take over a week.
Tips for Fast Withdrawals
Choose a fast payment method
Visa Fast funds has revolutionised the withdrawal times between the bookmaker and your bank account. If you have a Visa debit card then it is incredibly likely that your bank is part of the Visa Fast Funds scheme but if they are then your payment will be almost instant. This is head and shoulders the best method to use for fast withdrawal betting but unfortunately not all debit cards support it.
Have your account fully verified
To have your withdrawal processed straight away you must have all your documents up to date and approved by the bookmaker as soon as possible. It won't make any difference what payment method you use if the bookmaker is not processing it. Even if you have Visa Fast Funds and you are withdrawing from one of the payout betting sites that support it you still won't get a penny until you have passed the anti-money laundering regulations. The best betting sites will make you aware of these before they are needed, but not all will.
Plan when you withdraw
Sometimes it is out of your control but if possible making withdrawals at the beginning of the day, and at the beginning of the week, will increase the chances of you being paid quickly. If you withdraw at a weekend or out of business hours then there is likely to be an increased waiting time. Also look out for bank holidays as these can add days on top of what you may expect.
How to Sign Up to Instant Payout Betting Sites UK
There is not really such a thing as an "Instant Payout Betting Site", although there are bookmakers who at times will payout instantly that is true. All betting sites have different payout times depending on what method is used, what time of day is it when the request is submitted, is it a first withdrawal, and how large it is, these are but a few of the things that will affect a payout time. A betting site can be instant for one set of circumstances but still take a week with a different set of circumstances. That being said some bookmakers are consistently quicker than others more often than not and certainly have the possibility of being instant, so we will run through how to join one below...
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Go to the Legalbet list of bookmakers to see our breakdown of who are the top UK betting sites, read the full reviews if you want to or just jump in by clicking "Bet now"
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In this example we have decided to click "Bet now" next to Parimatch (the #1 Fast Withdrawal Betting Site) and have been taken to their Welcome bonus landing page. From here you have two buttons to choose from in order to begin the Sign up process, click on one of them.
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Initially you will need to enter your personal details. These are:
A) Your Gender (We have no idea why that matters)
B) Your name as it appears on your Government ID
C) Your date of birth
D) Your current mobile number
Then when that is complete click on the green circle in the bottom right of the screen.
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You will be taken to your address section:
E) Enter your postcode and a list of addresses will appear, choose your current home address.
Click on the green button in the bottom right again.
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Finally you need to finalise your account settings:
F) Enter your Email address and a strong password
G) Choose your marketing preferences and agree to the T&Cs
H) Click on "Create Account" and you are finished!
Fastest Payment Methods?
There is no such thing as a "best", because of the huge range of variables involved such as how much money it is for? When are you withdrawing? From which betting site you doing withdrawing? The answers to each of these questions will make one payment method better than another because they all have different Pros and Cons when using them. On average though to answer the question, in our experience using a Visa debit card is the best payment option as long as your bank is registered with the Visa Fast Funds scheme.
Regardless of what a betting site says, the reality can be different. In order to provide you with the most accurate information possible we test each site thoroughly, and part of that process involves withdrawing from (and timing) each betting site, so we can say with absolute certainty how long you should expect to wait.
|
Bookmaker |
Min Visa Debit Card Withdrawal Amount |
Max Visa Debit Card Withdrawal Amount |
Payment time on Website |
Payment time: Legalbet research |
|
£5 |
£1000 |
Up 2 hours |
Instant | |
|
£5 |
£1000 |
Less than 2 hours |
Instant | |
|
£5 |
£33,000 |
30 mins - 4 hours |
4 - 8 hours | |
|
£0.01 |
£1000 |
Up 2 hours |
2 hours | |
|
£5 |
No Max |
Less than 12 hours. |
3 - 4 hours | |
|
£5 |
£5,000 |
Within 4 hours |
2 hours | |
|
£10 |
£20,000 |
Within 4 hours |
2 hours | |
|
£5 (paid automatically, £0.01 on request) |
£20,000 |
48 Hours |
4 - 8 hours |
Bookmakers Fastest Payouts
Long gone are the days of waiting for hours or days for a bookmaker to process your withdrawal. Ever since the Visa fast funds scheme began payments are usually in minutes and at the most hours.
| Bookmaker | Withdrawal Time | Processing Fee |
|---|---|---|
| Skybet | Less than 2 hours | Free |
| Betfair | Up to 2 hours |
Free |
| PaddyPower | Up to 2 hours |
Free |
| Ladbrokes | Within 4 hours |
Free |
| QuinnBet | Within 4 hours |
Free |
Reasons for Withdrawal Delays
In our experience of over twenty years of gambling at online betting sites there are generally only two reasons that you will experience withdrawal delays.
ID Checks not complete
Before a bookmaker can pay you they must satisfy themselves that you are a legitimate customer and they do this by undertaking a KYC procedure (Know your customer). We will go into this in more detail below but the basics are they need to know that you are who you say you are, you are over 18, you live in the UK and you are gambling with your own funds. Until you have provided documentation to prove this there may be a delay to your withdrawal request.
The bookmaker is in financial difficulty
Sometimes bookmakers, just like every other business, can have a cashflow problem. When this occurs payments are slowed down in order to preserve cash in the business long enough for deposits to come in and make up the difference. Normally this does happen and you get your money eventually but be careful because slow payments usually come before a betting site goes bust and if that happens you will almost certainly have lost all your money.
Know Your Customer (KYC)
A KYC (Know Your Customer) check is a mandatory process implemented by online gambling companies to verify the identity of their customers. This process is aimed at preventing fraud, money laundering, and making sure it is legal to accept you as a customer.
The purpose of a KYC check for online gambling companies includes:
- Identity Verification
- Age Verification
- Address Verification
- Anti-Money Laundering (AML) Compliance
- Responsible Gambling checks
The types of checks that can be made are:
Electronic Verification
This is done without you needing to take part, the bookmakers do searches of public databases (for example the electoral roll) and from this are often able to verify your identity to a certain degree. These checks are often enough to get your account open and usable with low deposit limits.
Document Verification
This involves you needing to supply scans of basic documents to the betting site and it usually occurs once you come to make a withdrawal. They will require photographic ID (a passport is perfect), proof of address such as a utility bill, and possibly also proof of ownership of whatever payment method was used when you deposited.
Enhanced Verification
Enhanced verification does not happen very often but could be related to a withdrawal being particularly large. This will involve greater checks which could include you needing to send in a picture of yourself actually holding your ID or perhaps bank statements proving th source of your funds.
Fast Withdrawal Betting Bonuses
There are many different types of bonuses available when you gamble online, and these are all available at fast withdrawal sites just like anywhere else. A summary of what is available is:
Welcome Bonuses
A welcome bonus is a promotional offer given to new customers upon registering and depositing funds into their betting account. This bonus usually comes in the form of a Free bet. For example, you deposit £10 and bet it above a set odds level, and then regardless of if it wins or loses you will be credited with another £10 Free bet to use.
Cash deposit bonuses
These are also known as matched deposit bonuses. Generally with this type of bonus, the bookmaker matches your deposit with a certain percentage, usually 50% or 100% additional cash. For example, a 50% matched deposit bonus up to £50 would mean that if a player deposits £100, they will receive an additional £50 as a bonus to bet with. This bonus money can be withdrawn after wagering it a set number of times.
Winnings boosts
The main feature of these bonuses is the percentage boost applied to the potential winnings of a bet. This percentage can range from 10% to as high as 100% or more, depending on the bookmaker and promotion. Bookmakers often set a maximum bonus amount that can be earned from a winnings boost promotion. This amount can vary depending on the bookmaker and the specific offer.
Refunds on loss
UK bookmaker refunds on loss bonuses, also known as cashback bonuses or money-back specials, are promotional offers provided by bookmakers to attract either new customers and retain existing ones. These bonuses act as a form of insurance for bettors, allowing them to receive a refund on their losing bets under specific conditions set by the bookmaker. If it is a welcome bonus offer it is usually triggered just by losing but for existing customer offers you are required to lose and a set “if” criteria be met, for example losing a horse race to the SP favourite.
Top Sports Betting Apps With Fastest Payouts
It is difficult to definitively determine the three fastest payout betting apps, as processing times can vary depending on the payment method used, but the betting apps that are known for their fast payout times include:
Bet365
Bet365 have a mobile app that offers a seamless, user-friendly experience for sports betting on the move. With a sleek design and intuitive navigation, users can effortlessly browse through a remarkably large number of betting markets with great odds and large bet limits. The app's in-play feature allows for real-time wagering, and the cash-out option (although bad value) does provide a degree of flexibility in managing bets. And of course, lets not forget, the lightning fast payouts to get your money back in your bank account.
Unibet
Unibet offers a mobile app that can be used by sports enthusiasts and casino gamers alike. The app's sleek design, user-friendly interface, and extensive range of sports markets make it almost a must-have for online gamblers to try. It comes with a live streaming feature, cash-out options, and in-play betting capabilities. Additionally do not forget it’s wide range of payment options all with fast payout times.
William Hill
The William Hill mobile app offers a great all round betting experience with its user-friendly interface and wide range of betting markets. The app's navigation is intuitive, making it easy for both experienced and beginner punters to place bets quickly. Live streaming and in-play betting features are included, while the regular promotions and competitive odds complete the package. Of course there are many payment methods to choose from all processing withdrawals quickly.
Fast Payouts at New Betting Sites
There is no reason for a new betting site to process withdrawals quicker than an established site but from the new betting sites that we have reviewed, the ones that advertise the fastest payout times are:
Betgoodwin
Betgoodwin also offers a user-friendly platform, have a wide range of betting options, and excellent customer support. They focus on horse racing and you will notice that this is where their promotional bonuses are focused. Despite not having many payment methods for customers to use those they do have have fast withdrawal times.
DAZN Bet
DAZN Bet offers a wide range of sports and betting markets, catering to almost every betting taste you can think of. The live streaming feature adds an extra layer of excitement, allowing you to watch many events in real-time, and given the DAZN brand roots it is not surprising they do this so well. The withdrawal process is seamless and the platform's user-friendly interface and efficient customer support is first class too.
Rhino
Rhino is an ideal choice for both novice and experienced bettors. They have loads of sports to bet on with surprisingly generous odds, and the customer support is top-notch ensuring that any queries are addressed promptly and professionally. Why it stands out though is for its fast withdrawal times. If you are concerned with the speed of transactions then you should rest assured that the platform's seamless withdrawal process allows users to access their winnings in record time.
Sports at Fast Withdrawal Betting Sites
There are no specific sports that would not be available at fast withdrawal betting sites! Depending on the time of year of course and how close it is to the said sport or event taking place, as a general rule, all sports that you can bet on at any betting site would be available. This is not a comprehensive list, the answer is all sports, but a nearly complete list would be:
- Alpine Skiing
- American Football
- Auto Racing
- Bandy
- Baseball
- Basketball
- Boxing
- Chess
- Cricket
- Curling
- Cycling
- Darts
- Esports
- Floorball
- Football
- Formula 1
- Ice Hockey
- Horse Racing
- Kabaddi
- Lacrosse
- MMA
- Motorbikes
- Netball
- Pelota
- Politics
- Rally
- Rugby League
- Rugby Union
- Squash, Snooker
- Speedway
- Sumo, Surfing
- Tennis
- Table Tennis
- Volleyball
- Water Polo
Responsible Betting
Responsible gambling is the most important thing to remember when you are using any betting site. By practicing responsible gambling, you can help ensure that you maintain a healthy balance between having a fun time and losing money. Responsible gambling can help to prevent the financial, emotional, and social issues that may arise from excessive gambling. Furthermore it also encourages fair play, transparency, and adherence to established rules and regulations by the site operators.
A few key tools or things to do when responsible gambling are:
- Set a budget, both with yourself and by adding deposit limits to your betting account.
- Manage your time, both by self regulation setting aside a time that you will gamble and not doing it outside that, and also in the betting account “wake up” reminders.
- Seek help if needed: Recognise the signs of problem gambling and seek professional help or support from friends and family if necessary. There are many tools available and we discuss the topic here.
Conclusion
There is not actually such a thing as a “fast withdrawal” site as such, no matter which bookmaker you use the principle factor to effect the time taken will be which payment method you use. Still, some bookmakers do take longer than others to process the withdrawal and there are things that you can do in order to get paid quicker, especially if this is your first ever withdrawal. Our conclusion though is still that if you want a fast withdrawal use a Visa debit card, and the chances are definitely in your favour that you will be paid quickly.
Top betting sites
By Features: Cash Out | £5 Minimum Deposit | Minimum Bet Sizing | Live Streaming | Betting Exchanges | Safest | Fast Withdrawal | Daily Free Games | New Betting Sites | Horse Betting Apps | Football Betting Apps | Virtual Sports Betting Sites
Frequently Asked Questions
The fastest withdrawals will come from betting sites that allow withdrawals to Visa Fast Cash debit cards and they themselves also have a bank that is registered with this system.
The main thing which YOU can do in order to speed up your withdrawals is to get all your ID documents sent off and approved as soon as you join a new betting site rather than waiting for them to request anything from you. Nine times in ten at the best betting sites if there is a delay it will be related to this.
There is no certain answer because there are so many variables other than the method that will affect the time taken. It is likely though, from our own experience, that if you withdraw by one of the debit cards in the Visa Fast Cash scheme then the money is there within a minute or two.
Not only is it possible it is in fact encouraged! Online sportsbooks like it when the same banking method is used for both the deposit and the withdrawal because it lowers the probability of money laundering taking place.
Some do, yes, it is especially likely to happen if this is not your first withdrawal and you have cleared all the relevant ID checks before. It is most likely to happen if your payment method will be using Visa Fast Cash which has virtually instant withdrawals.
Within reason no it does not, withdrawing £10 from your betting account will be paid just as quickly as a £1000 withdrawal. It is likely that all online betting sites will have some kind of internal risk controls which will vary from betting site to betting site, but it would mean that a £10,000,000 withdrawal (for example) would have extra checks attached, which would slow things down. This would apply equally to all payment methods.
At the vast majority of betting sites, there are not any fees charged for any payment methods when you cash out. There are at some though so double check this. If there are fees it could be because of the banking method which you are using or because maybe you have not wagered your deposit 1x through.
