The Best Betting Company

Most of the sports bettors we know like to see their winnings show up in their wallet as fast as possible. Placing bets at the top online sportsbooks is a fantastic option for you to turn to, as long as you are doing it at one of the most trusted sites.

Few things are worse than winning a bet, only to see that it is taking weeks for those funds to actually show up in your bank account. How do you know if the site you are betting on will transfer you your winnings in a timely manner? Don’t you want to be able to avoid those headaches?

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Although the Australian law does not permit Internet live betting, but we recommend the best bigger sports betting sites that provide automated telephone betting service for live bets, Bet365 is a perfect example. The advantage of in-play is the privilege to get out of a losing-bet. So, please welcome Cyber.bet — a new brand in the betting industry — the bookie that offers a wide variety of services in terms of sports and esports betting! Launched in 2018, Cyber.bet is considered a ‘young’ online sportsbook, but it has already reached an adequate level.

All you have to do is click on one of the sites we recommended for you above and you can start betting with confidence. Place your wagers knowing that when you make that right pick, you are going to get rewarded for it. Not just by money showing up in your online account, but by having no issues trying to transfer the money straight into your pocket.

We are going to talk about the different questions that come up and what to look for when deciding where to place your bets. Of course, telling you what sites to sign up on blindly wouldn’t be fair, so allow us to explain.

Why Did We Choose These Sites?

This one is short and sweet. We take pride in making sure we don’t endorse sites that our readers will be unsatisfied with — period. Your gambling experience is not to be taken lightly, and you deserve to bet on sites that take your business seriously. This is why we didn’t just pick sites to list. “Picked” isn’t the right word because what we did was rank the sites based on their performance.

Best Betting Companies

There are plenty of sites that have a wide selection of sports to bet on and that may even be really easy to use. Other sites have the most up-to-date software and always have a customer service representative willing and able to assist you with any questions. These are terrific factors, and we consider them all.

However, if you are placing sports bets at a site with which you can’t be sure if and when your winnings will be credited to your actual bank account, then what’s really the point in making the bets in the first place?

When we say “legitimacy,” we are talking about a couple things. The sites listed at the top of this page have reliable methods to withdraw funds. These are also the sites with the fastest and most secure withdrawal processes the online sportsbook industry has to offer.

We had dedicated individuals take the time to make sure these sites won’t let you down. It isn’t just about having loads of options to deposit or withdraw your money. We care about efficiency, and in this case, speed.

Have faith that getting your winnings off the site quickly won’t be the issue. Picking the winners and turning your wagers into winning bets will be your biggest challenge!

Why Do Some Transactions Get Blocked or Take So Long?

Unfortunately, this portion of our segment on fast payout betting sites isn’t always going to be in your control. What do we mean by that?

We mean that you shouldn’t take it personally or think that it is your fault if a banking transaction is not being completed as rapidly as you think it should. There are times when the process of seeing your winnings “actually come to life” doesn’t go as smoothly as you had hoped it would.

The reason our team of industry experts created this page was so you can avoid these scenarios. Anyone who has bet sports over the internet before knows not every site will complete your requests for a withdrawal in a reasonable amount of time, if at all. This could be due to a few different things.

Some sites will tell you things they say in their “Terms and Conditions” protect them from having to release your funds. Perhaps your bank does not accept checks or transfers from companies in a specific region. Nobody likes the fine lines and small print at the bottom of the page, and nobody wants to be surprised.

The great news is that we weeded out those “bad apples” for you. The sites that will come up with excuse after excuse simply didn’t make the cut onto this page.

The bad news is that sometimes the reason your payment gets “held up” is because one of the “less than reputable” third parties isn’t adequate. Be careful in your future endeavors using payment processors you don’t trust. Stick with the sites here and those troubles stay away.

Pick the Option That Works Best for You

Hopefully you are winning a bunch of bets and now you have to decide how you want to withdraw those winnings. We gave you a list of sites that offer dependable and efficient methods to do so. Which of those methods is the best isn’t always a black and white answer.

Depending on exactly what your goals are, you may want to choose an option that someone else has no interest in. Take a look at what we mean and read a little about each of the common options.

Bank Wires

How long a bank wire takes from the time you initiate the request until it shows up in your bank and is available to spend can vary depending on your bank. This process can sometimes be completed the same day and in other cases may take up to 7-10 business days.

Credit and Debit Cards

Many people feel safe about using this option, as their credit and debit cards seem to never be farther away than an arm’s reach. Expect to see your funds within a couple of days. Allow up to 5 days before worrying, but more times than not it will take less than that.

E-Wallets (Neteller, PayPal, Skrill, etc.)

These may just be the best and easiest way to transfer your money from your online sportsbook account directly into your wallet. The only problem is they may or may not be an available option to you depending on where you reside.

Best Online Betting

If the site you are betting at list one of these companies as an option, you have our blessing to proceed forward. You may see your money pop up in your account instantly, and it may take up to 3 days. Transactions using the e-wallets are protected and a smart decision to make.

Check

Believe it or not, but yes, people are still using paper checks today. Don’t feel forced to select this option as it can take up to a couple weeks for the check to arrive via the mail. If you happen to be old-fashioned or not in a hurry, there is nothing wrong with this choice.

If you want to avoid waiting and walking into your bank with a check from a website they probably haven’t heard of, we suggest sticking with one of the other options. They will be much faster and much more private.

Prepaid Debit Card

The prepaid debit cards can be great, but they can also present some drawbacks. In other words, there are some pros and cons. The pro is straightforward — the transaction happens immediately, there is no waiting, and there are no questions.

The cons would be that these cards can be capped with a limit. This means you may only be able to withdraw a portion of your winnings. If you want the remainder released from the site and into your bank account, you may have to purchase additional prepaid cards.

Betting Sites with Fast Payouts Reign Supreme

Let’s just be honest here, ladies and gentlemen. Whether you need the money immediately or not, a site that is able to process your request for a withdrawal and act on that accordingly is the type of site you want to be associated with. They are undoubtedly the most professional in the industry.

If your boss only paid you your salary checks when he or she felt like it, it wouldn’t be fair, and you would be ticked off. The online sports betting area should be no different.

If you are spending your time and hard-earned money betting on their sites, the least they can do is release your funds to you in a timely fashion.

Many of them will offer loyalty and VIP programs, and you will want to take advantage. The more frequent of a customer you are, the more the site will know and trust you. Don’t think this means you will be treated “any less” if you are a first-time bettor on their site. Those of you who have never placed a sports bet online before are equally important.

However, the fact does remain that if you have already bet money on their site before, you already have a relationship of sorts established between the site and your bank. Once you successfully withdraw money the first time, it is all smooth sailing from there.

To Summarize

Don’t waste time exploring, hoping a new site you come across is going to keep your sanity in check when it comes time to withdraw your funds. Join the sites we listed at the top of the page and you will be in good hands.

We told you why we recommended the sites we did. In this particular page, we looked at the speed and safety of withdrawing your money as our main priority. These might not be the sites with the most prop bets for every single sporting event. But rest assured these are the sites that won’t leave you hanging when it’s time to press “withdraw” and collect your winnings.

There are so many betting sites out there nowadays, you will inevitably encounter situations where the withdrawal process is taking longer than you anticipated, and frankly longer than you have the patience for. Due to some relationships between banks and casino operators as well as laws based on where you may live, some transactions can take longer than others.

This is why it is increasingly more imperative to be betting on sites that are completely trustworthy like the ones at the top of this guide. Once you arrive on the sites, you will be able to scan through multiple options for how you want to receive your money. Take the time and pick the most appropriate option for you based on your personal situation.

That is all it comes down to, folks. We can’t stress enough the importance of placing sports bets at sites that are going to pay out your money swiftly. We did the homework for you and gave you the sites. Now it is up to you win some games so you have some money to withdraw!

Sports betting is big business around the world, and it's been dominated for decades by traditional land-based casinos. That's changing as betting moves online, and the mobile gambling market took a major step forward in 2020 as more states legalized online gambling, and thousands of people began betting legally at home during the pandemic. A few companies hit public markets as well, bringing even more attention and funding to the industry.

As we look back on the year and forward to 2021, the sports betting market has three clear winners in my eyes: DraftKings(NASDAQ: DKNG), MGM Resorts International(NYSE: MGM), and the little known GAN Limited(NASDAQ: GAN).

DraftKings

The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. Shares shot higher as the pandemic wore on and sports came back, helped by investors hoping that online betting would begin to replace in-person betting. For the year, shares are up 406%.

In some ways, the boom in online betting is happening faster than expected, and that's helped early movers like DraftKings. In New Jersey, which is the bellwether for online gambling because it was the biggest early state to allow betting, there were $91.8 million in bets in November 2020 alone, up 86.9% from a year ago. If that growth and level of revenue are any indication of the potential for the rest of the country, DraftKings has a long runway ahead.

The third-quarter 2020 results were a small indication of how well things are going for DraftKings. Revenue was up 42% on a pro forma basis to $133 million, and monthly unique users grew 64% to 1 million. Revenue is also expected to be $750 million to $850 million in 2021, up 45% at its midpoint from 2020 guidance. This is a sports betting stock with a lot going for it and maybe just at the beginning of its growth story.

MGM Resorts

As gambling moves online, companies with a physical presence can sometimes have an advantage over digital-only companies. They have known brands, regulators sometimes require a physical presence to operate in a state, and there can be synergies between real-world and online casinos. That's the space that MGM Resorts is trying to fill, and it's done so relatively well in 2020.

The joint venture MGM Resorts built to enter the space is BetMGM, which is now offered in eight states and is growing as quickly as states will allow. Like DraftKings, the company is limited by what's legal in the U.S., but betting should be opening up in more states long term.

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What I like about MGM as a sports betting play is that it has a foundation as a physical casino company. MGM can use the cash flow from its casinos to fund online gambling development, and if it does that successfully it should add a lucrative business to the portfolio.

GAN Limited

DraftKings and MGM are the companies that are taking bets and building the apps that consumers are using, but GAN is building the background infrastructure that online gambling is built on. Its software services include player identity validation, payment services, regulatory reporting, and even some game content. And with the recently announced acquisition of Coolbet, it'll enter the sports betting market worldwide.

If sports betting continues to grow, GAN will be one of the beneficiaries because it's providing services to multiple players. And I would expect some casinos and game companies that don't have the capital to build their own infrastructure to lean on a company like GAN.

What's exciting about GAN is that it has the opportunity to grow with the online gambling and sports betting industries as well as grow the services it offers to clients. It already has a turnkey solution for infrastructure, but don't be surprised to see more games added to the portfolio so GAN can white-label the entire casino experience. That's where the real money will be made for this gambling stock.

Online sports betting is booming

As more states are added to the legal betting industry, the amount bet on sports online is growing. And that's going to be a huge tailwind for DraftKings, MGM Resorts, and GAN Limited. The industry saw U.S. betting increase from $1.85 billion in August to $2.19 billion in September and is on its way to $3 billion in monthly bets. If the industry keeps growing at this rate, it could rival the revenue of physical casinos, and that would be a truly disruptive development in gambling.

Travis Hoium owns shares of MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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