What is PayPal?
Founded in 1998, this online financial service gives you the option to pay for everything from clothing to groceries using a secure internet-based account. You can link your PayPal account to your bank account and choose whether the money comes from your credit or debit card. Many people enjoy using PayPal for sports betting because it’s easy, fast, and safe, and the minimum deposit for bets can be as low as $1 (USD).
Why Choose PayPal for Online Sports Betting
The key advantages for sports betting fans are that you can use PayPal for depositing and withdrawing your money. It is one of the only payment options, besides Bitcoin, that processes transactions almost instantly. In addition, by holding your balance in a separate account, you create a buffer between your bank and the betting site. For many players, this adds an extra layer of security where you do not have to provide your personal banking information, but only your PayPal account info to the online sportsbook.
At PayPal-friendly gambling sites you’ll find popular North American sports leagues like NFL, MLB, NHL, and NBA. You’ll also be able to bet on college sports like NCAA football and basketball. The majority of betting sites feature soccer (EPL, Champions League, Bundesliga, MLS, Italy Serie A, La Liga, Liga MX, and Ligue 1).
You may even encounter local sports leagues for rugby and handball, and niche sports like the WNBA at online PayPal betting sites. Plus, there’s tennis (ATP, WTA), cricket, motor sports (NASCAR, Formula 1), and combat sports (UFC, Boxing).
Entertainment and Politics
If it exists in the world, you can bet on it at PayPal betting sites. You’ll be able to make picks on entertainment, like which contestants will go the furthest on reality shows, who will win Oscars and Emmys, and which wrestler will take it all at the next big WWE event. Moreover, you can bet on things like political events, such as who will be the next President of the United States, which party will form the majority government in Canada, and Brexit laws in the United Kingdom.
Esports and Online Gaming
Another great thing about using PayPal on your favorite betting sites is video game wagering. You can bet on esports like Fortnite and CSGO (Counter Strike: Global Offensive). There are also odds for huge events like the FIFA eWorld Cup that you can bet on.
Odds and Betting Types
When it comes to the kind of bets you can make at PayPal online gambling sites you have various odds and lines at your disposal. You’ll be able to choose from moneylines, point spreads, totals, props, parlays, futures, and teasers. In terms of odds, you’ll have the ability to toggle between American (+500/-500), decimal (1.20) and fractional (1/5).
Bonuses and Rewards
In order to keep customers coming back and ensure they are having fun while betting on their favorite sports, most betting sties that accept PayPal offer financial incentives. These enticements take the form of bonuses, promotions and free bets.
Most PayPal betting sites will offer a sign-up bonus, usually between 25 and 100 percent of your first deposit. This means that if you added $100 to your account, you would get a bonus of up to $100. That’s an extra hundred for you to bet with.
Other welcome bonuses for using PayPal include free bets – or refunds on your initial bets if your team loses. You may also find sport-specific rewards like $15 in additional bets if you bet NFL totals.
Promotions and ongoing offers like free bets will be more important than the initial deal in the long-run, because these are designed to reward you for betting on a consistent basis. The best online gambling sites make a real effort to look after their loyal customers. You can check current promotions too before you sign up to make sure you’ll be treated well.
The rules of these deals can differ considerably from site to site. These include how many times you’ll need to bet the bonus amount, and restrictions on these bets (for example, odds greater than -200 only). Make sure you read the terms and conditions before accepting any bonus or reward at a gambling website.
The key to keeping online betting sites in business is client relations. Should something go wrong when processing your payment or deposits, you want to be able to contact the sportsbook at a moment’s notice. Most PayPal sites have a live chat that you can access at any time. There should also be an email option and phone number that is available 24/7.
Some betting websites are starting to provide a Skype service line as well to give bettors even more opportunities to access their customer service team, whether it’s for deposits, withdrawals, or general gambling info.
Online Casinos and Racebooks
Most sportsbooks that accept PayPal also offer horse racing and casino games. Choose from baccarat, blackjack, craps, Keno, roulette, slots and video poker. You can also check out the equine section and bet on everything from the Kentucky Derby to local races.
With PayPal you have the option of funding your betting account in the currency of your choice. Because you’re using your own money from your own account, it will be processed in the exchange you regularly use. There’s no need to transfer your funds into a different currency, which is something you may have to do if you use a different type of e-wallet or credit card. For instance, if you use American dollars for your deposits, your withdrawals will also be in USD.
PayPal vs Other Real Money Deposits
Fortunately, PayPal is selective when it comes to the gambling site operators that they allow to use their service. This means that seeing their logo on an online bookmaker’s website is a great sign. The majority of the betting operators accepting PayPal deposits and withdrawals are big brands in the UK, Canada and Europe.
PayPal is quick and easy when it comes to making betting site deposits and withdrawals. There may be some small fees involved, but those don’t come directly from the sportsbook, they come from PayPal itself. These fees vary per country, but are generally low (approximately 2 percent).
Other deposit methods may also charge fees for funding your online betting account. Skrill and Neteller are alternatives for deposits but are not as widely accepted as PayPal.
How to Sign Up at PayPal Online Betting Sites
Online sports betting sites that accept PayPal deposits allow you to start betting within minutes of signing up. Once you’ve chosen a site from our list above, you’ll need to provide your email address. Once you confirm your identity by clicking on the link the site will send, you’re ready to add funds to your betting account. Go to their Deposit section and select PayPal. That’s it. You’re done and ready to bet on your favorite sports!