You want the fastest payouts right? Sports bettors understandably want the fastest sportsbook payouts possible. Having quick access to your funds gives them flexibility. You can take advantage of great lines offered, use the money to celebrate a major win. Or, you can ensure the money is ready to move on a highly-anticipated sporting event.
This list is our weekly updated payout report from the sportsbooks on our Good list.
To do this, simply click the method found on the cashier page. If you want the quickest payout, you can use Bitcoin or Bitcoin cash. It will only take about 15 minutes for your funds to be approved via this method. Other options might take 10 or more business days. Bovada – Check payouts are taking about 48 hours to your door. This is after your cash out request is approved. Getting approved can take a bit of time if it is your first withdrawal. Keep in mind that only once per month you can get a Fedex overnight delivery – always deposit your check right away at your normal bank!
Last Updated 2/11/2021 – 2021 Payouts & Cash Outs Update
- Bovada – Check payouts are taking about 48 hours to your door. This is after your cash out request is approved. Getting approved can take a bit of time if it is your first withdrawal. Keep in mind that only once per month you can get a Fedex overnight delivery – always deposit your check right away at your normal bank! I would not try and cash it at a gas station or check cashing place. Players get one check free per month Bovada will be encouraging you to utilize bitcoin. It's easy to set up a wallet to receive BTC from Bovada and they pay out promptly. Usually within hours once your account is established. I wrote a bitcoin gambling wallet guide if you want to get set up (short answer is use Green Wallet from Blockstream.)
- Bet Online – Bitcoin cashouts preferred and take within 24 hours of request. Check payments take 4-5 days or so, which is consistent with previous months. They are pushing bitcoin for cash outs and deposits (as is the entire industry).
- Bookmaker – No more checks to anyone at Bookmaker – you need bitcoin or crypto to cash out (or in). Checks were taking 3-4 days but they are really pushing crypto. However they always pay lightning fast, with bitcoin to me on the first week of the month. Bitcoin payments are about 1 day on average and mine was within hours.
- MyBookie – My honest answer is that they pay, but it's not as fast as the other sportsbooks. Slower pays here up to the end of the month but they manage to make payouts. Players are getting paid via check and crypto. Checks take about a week right now. This book is honestly somewhat of an enigma for me. Some months they pay out way sooner than other. Reports from the internet is that payouts are taking about a week. More details to come soon.
2021 Sportsbook Cashout Report – Updated All Month Long
February 2021 – Expect Bookmaker on Tuesday or Wednesday. Bookmaker in on 2/5. Intertops on 2/4, Bovada paid 2/5, early! Betonline paid on 2/11. Expect Mybookie late this month. Updates as payouts are received.
January 2021 – It's a new year and we are following the speed of payouts from sportsbetting sites all year long. Bookmaker and Intertops expected within days. Bovada around the end of this week. Bovada paid on 1/7/21. Betonline paid on 1/18 to BTC wallet. Mybookie paid on the 29th. More updates as they roll in.
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December 2020 – As we close out the final month of this year, we have a wide range of payouts coming in. Expect bookmaker on 12/3 (yes, was paid), nothing from intertops, Bovada around the 10th. BOL and Mybookie expected by the 20th and 30th respectively. Bovada paid 12/7, right on time as usual. Betonline in on the 15th. Waiting on Mybookie expected at the end of the month *Mybookie paid on the 24th, early for this this month.
November 2020 – Updates as they roll in. Intertops paid to player account 11/2, expect BTC payout within a couple days. Bookmaker due. Expect Bovada by the 10th. Bookmaker paid on 11/6, Bovada on 11/9. Updates as they happen. Betonline and Sportsbetting paid on the 10th. *Mybookie paid on the 30th.
October 2020 – *5dimes did pay out at the end of last month, for what is likely the last time ever (RIP) on 9/27. Bookmaker on 10/5 paid, Bovada paid on 10/8. 10/19 – waiting on BOL and Mybookie within the next week. BOL actually send payment earlier back on 10/14 but wasn't reported here properly.
September 2020 – ***5Dimes is pulling from the USA market. Withdraw your funds ASAP! We are on hold with them trying to get paid the remainder of our account balance. I expect to be paid but you never know. Bookmaker to pay shortly and Bovada within the week. Updates as payouts start coming in. Intertops paid on 9/7, Bovada paid on 9/9 (to cashier on 9/7), Bookmaker on 9/4, 5dimes on 5/4. *special note on 5dimes, we learned they are leaving the USA market as of 9/25. We recommend withdrawing your balance ASAP. Bitcoin preferred withdrawal method. Betonline paid on 9/14. Mybookie paid 9/24, same time as last month.
August 2020 – Intertops paid on 8/3, 5Dimes after some delay from last month, paid out fast on 8/3. Expect Bovada on Friday 8/5, actually Bovada paid to cashier on 8/4 and then via BTC on 8/5. Updates as they roll in. GTbets began payout on 8/4. Betonline and Sportsbetting paid on 8/15. Mybookie paid on the 24th.
July 2020 – Intertops began payment on 7/2. GTBets, Bookmaker and 5Dimes expected within a few days. Bovada and Betonline shortly after. Bovada paid on 7/7 to cashier available to withdraw bitcoin. Mybookie and BOL paid by 7/25.
June 2020 – I was late on the updates this month, however the good news is that on 6/15, most of the sportsbooks have paid. The early guys included Bookmaker, 5Dimes, Intertops and GTBets. These Closely followed by Bovada and Betonline around the 10th. Mybookie is expected around the end of the month. Will update as soon as Mybookie / Xbet arrive.
May 2020 – It's strange times we are in. But the bookies are still paying. Intertops 5/4, 5Dimes 5/3 initiated the payout process, other sites as they roll in. Bovada paid bitcoin on 5/11 (in our btc wallet, not just in cashier). BOL paid to bitcoin wallet on 5/8. Waiting on Mybookie as usual expected by the end of the month. GTbets a new bookie paid early this month as they are reported to usually do as well on the 4th.
April 2020 – It's more important than ever to keep up with the world of payouts from the sportsbooks as the influx of cash has slowed due to no sports to bet on. These books remaining liquid is of upmost importance. Let's get to the payout report. 4/2 – 5Dimes paid via BTC as well as GTBets. Bookmaker would have paid however there was not a payout due from them. Mybookie actually finally paid on April 2 from a payout due in March. Bovada and Ignition paid nice and early again this month, on 4/7.
March 2020 – 3/2 – Bookmaker and 5Dimes paid early on the 3rd of the month as usual this month. Updates as they roll in. wow Bovada paid super early this month, on 3/6 making up for a late payment the previous month. Betonline paid out on 3/12.
February 2020 – Bookmaker and 5dimes both paid on 2/5. GTBets will be added to the payout list this month with payment on the 8th. Bovada is offering a new payout method this month and I will report on that once it is complete. Payouts expected to be available around the 15th. The payout was late this month from Bovada as they rolled out a new cash out method. Payments should be here via Bitcoin on 2/21 as they withdrawal was approved on 2/20. Actual Bovada payment arrived via BTC on 2/24. Betonline is late this month but they have paid (Paid on 2/23).
Expect Mybookie payout around the 25th.
January 2020 – 1/13/2020 update – Expect Bookmaker and 5dimes by 1/5 Bookmaker paid 1/8 via BTC, 5dimes paid on 1/8 via btc. Expect a slight delay due to the new years holidays. Updates coming as they roll in. Intertops 1/10, Bovada and Betonline expected this week around 1/15). Betonline paid on 1/14, Bovada paid on 1/15. Due up next is Mybookie which is expected closer towards the end of this month. Mybookie paid on 1/25 to finish out our expected payments due in January.
2019 Sportsbook Cash Outs/ Payments by Month
December 2019 – Sorry for the late updates this month. I was playing poker in Cherokee at the WSOP Circuit. Anyway – 5Dimes paid 12/4. 12/16 – Bovada, Betonline and Sportsbetting paid via bitcoin. bookmaker paid 12/19 after re-requesting payout. They missed our first of the month request. 12/6 – No payments in yet. Expected this week. Updates as they roll in.
November 2019 – Expect most payments to start arriving week of 11/3 with Bookmaker and 5dimes leading the way as usual. Updates as they happen. 11/7 Betonline paid early, Bookmaker and 5dimes requested and will be processed by 11/8 and will updated if not (payouts did happen 11/8 from both altho 5Dimes took an extra day due to their cashout out verification policies that require a phone call. Expecting Bovada early this month as well, but that is not confirmed. Bovada paid exactly the same time as last month, Friday the 15th just as the office closed up for the week. Mybookie paid from last month, finally in the first week of November, they always pay but they pay late in the month.
October 2019 – 5dimes on 10/2 via bitcoin, Intertops 5/7 via bitcoin. Bookmaker via BTC on the 4th, Bovada paid on 10/18 15th, Expect Betonline this last week and Mybookie by the end of the Month. Updates all month long as they roll in.
September 2019 – Expect payouts from all bookies this month, will report as they roll in (labor day on Monday so will likely see bookmaker and 5 dimes by 9-5). Bookmaker paid 9/4. 5Dimes paid 9/3, Intertops 9/5. Bovada paid 9/19, Betonline/sportsbetting on 9/15. Mybookie late as usual however payment is always eventually made.
August 2019 – Sorry for the late updates, I was playing poker at the WSOP in Cherokee. 5Dimes paid 8/3. Expect Betonline and Bovada withing 7-10 days. Bovada paid via BTC on 8-16. BOL paid on 8-18. I do not expect a payout from bookmaker. Mybookie due in within 5 days.
July 2019 – 7/2, 5-dimes began cashout verification and we replied via wrong email then left for Vegas. 7/3 – No payment from bookmaker, 7/4 Intertops paid to player account and can withdraw via bitcoin, 7/12 Bovada paid via BTC, expect Betonline (came in on 7/17) and Mybookie not in as of 7/26, expected soon.
June 2019 – 6-17 update, 6/6 payments are delayed on our side due to things on our end this month. Bookmaker 6/10, 6/13, Betonline paid via Bitcoin, 5dimes to pay as soon as we request. 6/17 Bovada in on time, 5dimes within two days of request 6/20. Updates as they roll in.
May 2019 – 5Dimes paid 5/2. Bookmaker paid on 5/3 via btc. Intertops on 5/3. Betonline 5/15 and again on 5/20, Bovada 5/16. Mybookie paid 5/24.
April 2019 – 4/5 – 5Dimes payout via BTC, 4/4 – Bookmaker via BTC, Intertops paid 4/2.4/18 Bovada paid via BTC. 4/19 Mybookie paid, All sites expected this month so will be updating as they roll in.
March 2019 – 3/1 – no payment expected from Bookmaker so they get a pass. 3/4 Intertops paid, 3/5 expect 5dimes 3/7, Betonline paid 3/9 and a second payment on 3/20(larger amount). Bovada was due to be in on the 20th but we had a slight hiccup on our end (our fault) on getting paid. All other bettors paid fine – altho Mybookie pressed out into early April for payment, but paid in full but a bit later than usual.
Feb 2019 – Bookmaker 2/2 paid via btc, 5dimes 2/5 paid via btc, Intertops paid 2/7. Bovada paid 2/19 a couple days later than before. Betonline in on 2/15, right on time.
January 2019 – 1/4 Bookmaker paid via btc, 5dimes 1/10, Intertops 1/12, expect Betonline paid 1/13, Bovada paid on 1/15 right on time. Mybookie paid 1/27.
Last Year
Bovada Payout Rules
December 2018 – 12/7 = Bookmaker on 12/4, Intertops paid, 12/11 Betonline paid one account and 12/13 paid the second. 5dimes had no payout this month. Bovada paid 12/17, on time.
November 2018 – 11/2, 5Dimes paid (kinda) as they declined our bitcoin withdrawal because we didn't answer the phone when they called us the first time. Then they had us re-try once we contacted them back. The re-try was working until their system flagged us for requesting more than one cashout in a 7 day period (sigh). We didn't go through the hassle of trying to explain to them why we've requested a withdrawal twice within 7 days and just figured we would wait a little bit. Bookmaker in on 11/6. Betonline on 11/7 (very fast). Bovada on 11/20 which is on time for them.
October 2018 – 5Dimes leads the way this month with BTC paying out on 10/2. Bookmaker 10/4, Betonline in on 10/10. Bovada has paid, altho later than usual but within their window of 10/22. Mybookie and more soon. Will update as they roll in.
September 2018 – This month we had 5dimes in 9/6, after jumping through many hoops to confirm my identity even for bitcoin payouts. Betonline in on 9/11. Bovada in on 9/19. Payments expected soon for Mybookie. Updates as they roll in.
August 2018 – 5dimes paid 8/2. No bookmaker payment due again. Betonline/Sportsbetting paid on 8/14. Bovada updated to expect payout on the 20th, however we are still waiting (8/21) *update, Bovada payment received the afternoon of the 21st.
July 2018 – Bookmaker, 5Dimes, Intertops all paid by 7/9. Bovada in 7/18. Betonline made last months payment finally around the 4th. They also paid on time for July (16th). We will continue to be watching closely this month as they were very late last month.
June 2018 – Bookmaker paid via btc 6/5, 5Dimes paid btc on 6/5, Intertops on 6/15, Bovada paid 6/18. Betonline expected this week (6/18). No payment yet from BOL. BOL paid July 3, very late. Due to BTC processing (they couldn't buy enough bitcoin in time??)
May 2018 – Let's see who pays first. Bookmaker 5/1 is in. 5dimes paid 5/3, Cloudbet 5/2, Expect Bovada and Betonline within the week 5/14. Betonline paid on 5/22 via BTC.
April 2018 – Betonline now paid via bitcoin 4/17. Bookmaker, Intertops and 5 dimes payments were made on April 4th, 5th and 6th. We expect Betonline and Bovada within 5 days. Payments will be recorded here.
March 2018 – Let's see who pays out first this month. Bookmaker on 3/1, 5dimes right behind. Intertops 3/3 paid to player account. Bovada 3/9 paid in full. Expecting Betonline any day now. Betonline had major DDOS attacks all month long that they were dealing with.
February 2018 – 2/14 – Bovada via BTC, 02/13 – Intertops paid via BTC after switching to check last month. Betonline processed payment 2/14. Bookmaker and 5dimes paid first week of February. 2/13 Currently waiting on Bovada (any day now and which is still on their payment time window).
January 2018 – Intertops paid to player account on the 2nd but could not pay with bitcoin because of network congestion! Are you serious? They sent a check which arrived on Monday the 8th. Wow, bitcoin deposits are disabled at Intertops because of the high fee's and network congestion. Come on Bitcoin, get your shit together and get Segwit or Lightning or whatever solution is in there in place to be able to USE bitcoin not just have a store of value (/endrant). Will update as details become clearer.
Changes In Payouts – Cash Outs in 2020 (Prediction)
Bitcoin and other crypto currencies are becoming the fastest, easiest and safest way to deposit and withdraw at one of the legit offshore sportsbooks available to most of the USA. If you are in the US then you are going to want to get properly set up with cryptocurrency for real money online gambling.
Bitcoin makes processing payments simple for the offshore bookmakers. And the offshore bookies are where you get your best value when betting (most of the time). The offshore guys have adopted crypto in big ways.
Not only has it become the most successful deposit method (with virtually 100% of the deposits being successful compared to about 50% success using credit card) it is becoming the preferred method of cashing out.
In some instances it has become the only method of cashing out. One of our players recently hit a parlay at the sportsbook at Americas Cardroom (sister site to bookmaker.eu who we promote here) for a little over $1000. They could only cash out with bitcoin.
Sportsbooks are moving to crypto to process payments. It began with affiliates and is being encouraged to players. Get familiar with bitcoin as it is has changed the online gambling marketplace. You can find my short list of legit bitcoin sportsbooks here.
You do not have ‘invest in bitcoin' to use it to gamble online with. Once you are set up with a wallet and have an account on a ‘fiat exchange' like Coinbase or Localbitcoins you can quickly buy bitcoin, send to your wallet and then deposit at an online sportsbook without holding your money in bitcoin format.
I have a handful of bitcoin gambling guides. Check these out:
- How To Buy Bitcoin For Gambling Safely – Step by step instructions
**Have you requested a cash out recently? Please leave a comment on this page with which sportsbook, which withdrawal method and how long it took to get the money in your hands. We and the other sports bettors thank you in advance! Thanks!
The above sportsbooks are on my short list. You win, they pay. Do not bet at the slow pay / no pay sportsbooks. There are sometimes delays in payments that happen, whenever Uncle Sam decides to come after processors in a big way, but these sites have been through it before, have weathered the storm and pay out. Period.
Obviously fast cashouts are always preferable to slow ones. When your money is out of reach, it's as if you're making an interest-free loan to someone. If you can avoid it, allowing it to happen is a bad business decision.
Finding the best sportsbooks online is challenging – we've done the work for you! Check it out!
We realize how difficult it is to find the fastest-paying online sportsbooks open to USA players. Below, we'll point you to the books we use. First, let's take a closer look at some of the reasons you should limit your betting activity to US-friendly sportsbooks with the quickest payouts.
What's going on here with this payout report?
I get paid every month from most of these bookies. I report on when that payment comes in. Slow pays to me mean concerns for you.
A sportsbook is only as good as it's last payout.
Only bet at the books that have consistently paid out. I update the text up above a couple of times each week. I also keep up with payout reports from the betting forums around the web as part of my job so I update back here when necessary.
4 Reasons To Seek The Fastest Sportsbook Payouts Possible
Your reasons for wanting quick access to your money might differ than ours. Or, they might be exactly the same. The important thing to remember is that some sports betting sites pay out faster than others. And they seem to do so on a consistent basis. Unless you have compelling reasons to place wagers at slow-paying books, it's in your interest to make a switch.
Here's why fast cash-outs are attractive to us (see if your own reasons dovetail with those below):
Stay Ready To Move On Favorable Lines
Imagine this scenario: you place most of your bets at two or three sportsbooks you've become accustomed to over the years. Most of your funds are held within your accounts. You're locked in.
One day you stumble upon a book that offers everything you like to see in a sports betting site. And it has a stellar reputation to boot. You notice that the site offers several amazing lines, and want to take advantage of them before they shift. Unfortunately, your money is tied up in your other sportsbook accounts. There's no way to gain access to it in time to fully leverage the odds you've stumbled upon.
This is a dilemma you're likely to encounter at some point. In fact, you'll probably confront it more than once. If your money is held at a sportsbook known for processing quick withdrawals, you'll have a better chance of taking advantage of opportunities.
Maintain Spending Flexibility
There are countless things you might want – or need – to spend money on. For example, you might want to take a small vacation with your spouse. You may want to purchase the latest iPhone. Or perhaps your child is starting college and the first tuition payment is due. From buying coveted items for yourself to enjoying experiences with your family to paying for necessities (e.g. a new roof for your home), you want to have funds available.
Now suppose most of your discretionary income is contained in your sportsbook accounts. It might take weeks for you to gain access to it. In the meantime, you may be forced to put other expenditures on hold, some of which might need to be addressed immediately.
The more quickly you can obtain your funds, the better. Here, receiving fast sportsbook payouts can be a huge benefit.
Keep Your Money Productive
Ideally, your money should always be working for you. Whether you're investing in stocks, building an emergency fund, or generating profits by betting on sports, idle funds represent a waste.
You can ensure your money stays productive by shortening the time frame between requesting a withdrawal and receiving your cashout. You'll be able to put your funds to use more quickly and (hopefully) toward profitable ends.
Enjoy Peace Of Mind
No one enjoys the thought of giving up control of their funds. It's unsettling. The only reason most of us feel comfortable leaving a considerable sum in our checking and savings accounts is because the funds are insured. Not so with the funds you keep in your sportsbook accounts.
When the high-profile poker sites Full Tilt and PokerStars were forced to close their doors to U.S. poker players in 2011, many people found their accounts frozen. They couldn't access their money, which, in some cases, amounted to hundreds of thousands of dollars. Those issues have since been resolved, but they reveal a risk taken by U.S. sports bettors.
When you limit your betting activity to sportsbooks with the fastest payouts, you'll have more peace of mind. In an emergency, you'll be able to gain access to your funds more quickly.
Fast Sportsbook Cashouts And Payout Methods
The payment method you chose is going to greatly affect he speeds with which you receive your funds. Some methods are faster than others. For example, transfers such as those sent via person to person are usually the quickest option. By contrast, choosing to receive a check in the mail is typically the slowest. With a wire transfer, your funds are available within minutes. A check may take 3 to 4 weeks to arrive.
Bank wires are also relatively quick, at least in comparison to checks. You'll usually receive your money within 5 or 6 days. Keep in mind it could take longer depending on holidays.
If wires take so little time compared to checks, why would anyone choose checks as their payout option? The reason involves fees. Wires tend to be expensive. If you're in a bind and need cash quickly, paying the wire transfer fee may be worthwhile. Otherwise, it's a very costly way to receive money that is already yours.
It's important to note that there is often a fee to have a check sent out. But the fee is much smaller than the fee charged for a wire transfer. Moreover, depending on the circumstances, it may be waived by the sportsbook.
Even the fastest cash out sportsbooks won't send your money to a credit card, even if you used the credit card to fund your account. Doing so is too problematic thanks to U.S. federal laws passed several years ago. (Sports bettors living in Europe are spared this inconvenience.)
How To Streamline Fast Payouts From USA Sportsbooks
You're going to have to really prove your identity if you're making a first time withdrawal in the United States. A lot of sports bettors become angry when the sportsbooks from which they're cashing out ask them to present government-issued identification (driver's license, I.D. Diamond games to play. card, etc.).
First, this requirement is normal. Nearly all sports betting sites do it. Second, despite the inconvenience, it's actually encouraging that sportsbooks take steps to verify the identities of those to whom they're sending money.
You can remove unnecessary obstacles to gain quick access to your cash by having the proper documents ready to fax or email over to the sports betting site. When they ask, be ready to accommodate them.
Bovada Payouts Reviews
Where To Find Fast-Paying Sportsbooks
We've used the following sports betting sites with great success. Each of them has managed to process and send payouts quickly and without problems.
Bovada Sports – A veteran in the online sports betting industry. Grab a $250 free bonus with promo code 130347. Check our review
Remember, fast payouts are always better than slow ones. If you can find the former, why accept the latter? With that in mind, we highly recommend checking out the sites we've listed above.
Photo credits: Money
Bovada Poker ReviewTested and Reviewed by James Carter on January 5th, 2016. Updated: January 2, 2020.- #1 trusted US gambling site.
- 15+ years of experience.
- Popular RTG casino games.
- Fastest cashouts in the US.
- Excellent customer service
- 4.9% credit card deposit fee.
While there's still a lot of competition in the US online gambling market, the amount of high-quality operations is surprisingly low. For example, the luxury of being able to cashout your winnings is, as scary as it sounds, unavailable at many sites, and there's only a short list of reliable sites. We rank Bovada as the #1 option for US residents, and here's why:
- They deliver the fastest check cashouts in the US. Well, faster than any other US gambling site excluding the sites in states with legalized online gambling.
- They take care of customers. With both phone and e-mail support, this site delivers great experiences by putting a lot of effort into their customer support.
- They have great software. We consider their gaming software the finest in the US for both casino and poker games. Their instant-play versions and mobile games are especially good.
- They have a long history in the online gambling business. There are people behind Bovada's operations that used to operate Bodog - a site that's been in the business since early 2000. Some of the people have been in the business 15+ years.
Customer Service
Bovada's customer service has always treated me well. You can contact them via phone support (1-888-263-0000) or e-mail support (service@bovada.lv) -- I've never tried contacting via phone number, but if the quality of their e-mail support is anything to go by (fast replies and thorough answers), you'll have a nice experience with their phone support as well.
Some people accuse Bovada of 'not listening to its players.' In most cases, these are the players who complain about anonymous tables, not being able to join waiting lists, etc. All of those decisions were made with recreational players in mind, and since the site is now more enticing to recreational players, educated players should love the current situation even more instead of complaining (there's a higher percentage of recreational gamblers to play against).
Bovada's customer service is also perhaps the most active out of any online poker room in the world at participating in discussions at online poker forums (many of the top internet poker forums now have 'Bovada Service' users who are there to answer any questions about the site). As incredible as it sounds, customers are sometimes getting answers to questions without even directly contacting them.
Deposit Options
Bovada.lv offers two deposit methods:
- VISA Credit / Debit / Gift Cards.
- MoneyGram® (called 'Rapid Transfer' at Bovada)
As of 2020, a card deposit is still the easiest and fastest of Bovada deposit options. You need a Visa credit, debit/check or gift card that's eligible for online and international purchases.
It's worth noting that even if your card fulfills the criteria, the transaction is never certain to go through, which unfortunately is typical for gambling-related transactions in the USA. Netspend debit cards have had a high success rate lately, and the cards that you should stay away from are Greendot and Vanilla VISA cards.
There's one negative with Bovada deposits: they charge a 4.9% fee for card deposits except for the first deposit. Betonline is the only other US poker site that charges for such transactions (6%). Take this into account when depositing to Bovada especially if you're going for the minimum deposit, since even though they claim a minimum deposit limit of $20, in reality you have to deposit the minimum of $20+4.9%.
Minimum Card Deposit: $20
Maximum Card Deposit: $500
Rapid Transfer (the equivalent of MoneyGram®) is a handy way to deposit and withdraw money to and from Bovada.lv. It takes 15 minutes for a deposit and 24 hours for a withdrawal to arrive. By depositing $300 or more at a time and withdrawing max. once a month, Bovada takes care of all the transaction fees. (Otherwise deposit fees are $12-$20 and withdrawal fees $20-$60.)
Minimum Rapid Transfer Deposit: $10
Maximum Rapid Transfer Deposit: $800
Pros & Cons
Credit / Debit / Gift Cards:
- Fast, convenient and easy-to-use.
- No need to visit any live locations to send the money.
- A low minimum deposit limit ($20).
- Sometimes fail to work for gaming transactions.
- A 4.9% deposit fee (most credit card poker sites take no fees).
- Must cashout via a check (takes a couple of weeks).
Rapid Transfer:
- Fast and reliable.
- Rapid Transfer cashouts are processed faster than checks.
- You need to visit a live location to send the money.
- A relatively high deposit fee ($12-$20).
- A high minimum deposit ($100).
Cashout Options
Bovada.lv offers two withdrawal methods:
- Checks
- Rapid Transfer (the equivalent to MoneyGram®)
Your available withdrawal option depends on the way you deposited money to Bovada; if you made a credit card deposit, you can withdraw the money as a check (Bovada has the fastest check payouts out of all US poker sites); if you made a Rapid Transfer deposit, you can withdraw the money by using Rapid Transfer.
To be eligible for a withdrawal after having made a credit card deposit, you must complete the credit card verification form on Bovada's website.
How to cashout from Bovada:
- Go to your account at www.bovada.lv and select 'Payout'.
- Select the payout method.
- Enter the amount you want to cashout.
- Confirm your address information.
- Click 'Request Payout'.
What are the withdrawal limits?
- For check withdrawals: $20-$3,000.
- For Rapid Transfer withdrawals: $100-$750.
Are there any cashout fees?
The first check withdrawal of each month is free. If you want to cashout more than once a month, the rest of the cashouts cost $50 each. (In case you make a deposit and then, without using the money, decide to withdraw it, Bovada may charge a fee).
Bovada withdrawal time. Here are their Rapid Transfer cashout fees:
Cashout Amount | Fee |
$100 - $199 | $20 |
$200 - $399 | $30 |
$400 - $599 | $45 |
$600 - $750 | $60 |
Payout Speed
Bovada.lv has the fastest cashouts for US players as of now (unless you live in Delaware, Nevada and New Jersey where you can order ACH cashouts at regulated online poker rooms). Bovada delivers checks in 1-2 weeks (recent reports indicate that they deliver these in 10 days) when many of their competitors take several weeks and some even months.
Rapid Transfer payouts take a maximum of 24 business hours, after which you can collect your withdrawal at a local MoneyGram® location.
Cashout Options
Bovada.lv offers two withdrawal methods:
- Checks
- Rapid Transfer (the equivalent to MoneyGram®)
Your available withdrawal option depends on the way you deposited money to Bovada; if you made a credit card deposit, you can withdraw the money as a check (Bovada has the fastest check payouts out of all US poker sites); if you made a Rapid Transfer deposit, you can withdraw the money by using Rapid Transfer.
To be eligible for a withdrawal after having made a credit card deposit, you must complete the credit card verification form on Bovada's website.
How to cashout from Bovada:
- Go to your account at www.bovada.lv and select 'Payout'.
- Select the payout method.
- Enter the amount you want to cashout.
- Confirm your address information.
- Click 'Request Payout'.
What are the withdrawal limits?
- For check withdrawals: $20-$3,000.
- For Rapid Transfer withdrawals: $100-$750.
Are there any cashout fees?
The first check withdrawal of each month is free. If you want to cashout more than once a month, the rest of the cashouts cost $50 each. (In case you make a deposit and then, without using the money, decide to withdraw it, Bovada may charge a fee).
Bovada withdrawal time. Here are their Rapid Transfer cashout fees:
Cashout Amount | Fee |
$100 - $199 | $20 |
$200 - $399 | $30 |
$400 - $599 | $45 |
$600 - $750 | $60 |
Payout Speed
Bovada.lv has the fastest cashouts for US players as of now (unless you live in Delaware, Nevada and New Jersey where you can order ACH cashouts at regulated online poker rooms). Bovada delivers checks in 1-2 weeks (recent reports indicate that they deliver these in 10 days) when many of their competitors take several weeks and some even months.
Rapid Transfer payouts take a maximum of 24 business hours, after which you can collect your withdrawal at a local MoneyGram® location.
It's been increasingly hard to find US poker sites that process cashouts fast. Some sites claim to deliver checks in a couple of weeks but take months (even half a year in the case of relatively popular Lock Poker). Bovada is the biggest US poker site but incredibly also has the fastest withdrawal processing times.
Throughout Bodog's 15+ years in the online gambling business, no payout issue or dispute has been left unresolved. The only two Bovada payout issues that I recall were in 2008 and 2011 when checks took a long time to process (longer than usual, that is - they still delivered checks faster than most gambling sites do normally). But those were small issues and it's remarkable how well they've done for such a long time.
2008 Payout Delays
Bodog's payouts were delayed in 2008 and for a good reason: Maryland DOJ and IRS seized $25 million of Bodog's money as the dollars were sitting on their payment processor's account. An undercover agent registered an account at Bodog and made two cashouts during the year of 2007, which helped the IRS to seize the money. (Citypaper published a great article on the subject called The Ghost Hand.)
2011 Payout Delays
We have no real information on what caused Bovada payouts to be delayed in 2011. They claimed to be in the process of changing payment processors in order to deliver checks faster in future which then slowed down current check processing. I don't know if this was the real reason but they surely figured out how to deliver checks fast afterwards.
Bonus Offers & Promotions
- You'll qualify for the Bovada bonus automatically by signing-up at www.bovada.lv without using a Bovada bonus code.
- Bovada's bonus offer is decent for beginners. You get 60 days to clear the bonus (after you've made your first deposit), you can clear the bonus at any stakes you want and the terms are straightforward.
- Bovada caters to recreational players which forces Bovada to make welcome bonuses simple and relatively easy to clear.
First Deposit Bonus
Gold fish casino on facebook. Big poker bonuses are useless unless they can be reasonably cleared. Some bonuses are impossible to clear for beginners; for example, they might take ridiculous amounts of playing to clear in relatively little time or they can only be cleared above micro stakes.
Fortunately, the poker bonus offer is good for beginners. You get 60 days to clear the bonus (after you've made your first deposit), you can clear the bonus at any stakes you want and the terms are straightforward. They cater to recreational players which forces them to make their welcome bonuses simple and relatively easy to clear.
How Do I Clear the Bonus?
You clear the poker bonus by reaching new bonus levels; you reach new bonus levels by earning poker points; you earn poker points by generating rake for Bovada.
The more bonus you earn, the easier it gets to clear additional bonus. For example, level three is $100 for 750 poker points while level five is $150 for 1,500 poker points. (Going from level four to level five was 25% easier than going from level one to level two, for instance.)
Here are the charts:
Bovada Poker rake (per pot) to poker points. | |
Rake generated | Points earned |
$1.00 - $3.00 | 1.00 |
$0.50 - $0.99 | 0.50 |
$0.25 - $0.49 | 0.25 |
$0.05 - $0.24 | 0.10 |
$0.01 - $0.04 | 0.05 |
$1 in tournament fees | 3.00 |
'Poker points earned' translated to 'bonus released'. | |
Points earned | Bonus released |
50 | $10 |
250 | $40 |
750 | $100 |
1500 | $150 |
3000 | $300 |
5000 | $400 |
Will Additional Deposits Qualify for the Bonus?
Only the money deposited on the same calendar day as your first deposit will qualify for the Bovada Poker deposit bonus. If you deposit $100 next Tuesday and later on that Tuesday deposit another $100, you'll be eligible for $200 in bonuses.
Should you deposit the additional $100 on Wednesday, however, you've already missed the boat and won't qualify for the bonus.
Do I Need a Bovada Bonus Code?
There is no Bovada bonus code at the moment; you can qualify for the bonus simply by signing-up at their website.
Reload Bonuses
They award reload bonuses only to certain players - whether these players are selected randomly or have to meet certain criteria is unknown. There are no poker reload bonuses available for everyone.
Other Poker Bonuses
In addition to the poker deposit bonus, Bovada players are eligible for a Bad Beat Bonus (win 100 x the big blind, up to $1,000) and a Royal Flush Bonus (win 50 x the big blind, up to $200).
Other Bonuses
You get a 100% welcome bonus (up to $3,000) for your first Bovada Casino deposit and a 50% free bet bonus up to $250 for their sportsbook. How long does it take to clear the bonuses?
Their casino bonus requires you to wager the deposit and bonus amount 25 times over until you can cashout. For a $100 deposit, therefore, you need to wager 25 times $200 (includes both deposit and bonus amounts), or $5000.
Their sportsbook bonus can be cleared by wagering 3 times the deposit plus the bonus amount. For the full bonus, you have to bet $500 and you'll get $250 in bonus money, which means that in total you need to wager 3 times $750 (or $2250) to clear the full bonus.
You have 60 days to clear the bonus offers.
Bovada Poker Tournaments and Games
Bovada Deposit Problems
Readers might wonder what kind of games are available at Bovada Poker. Players can enjoy Texas Hold'em, Omaha, and Omaha Hi-Lo events. Enter no-limit, pot-limit, and fixed-limit events. Play for high stakes, mid-stakes, low stakes, or event micro stakes.
Bovada Poker Events
Bovada has a $150,000 guaranteed poker event every Sunday. For high stakes players, Bovada also organizes a $100,000 high roller event. Premium players and whales have a much higher chance of winning the $100K high roller event, because so few players enter. Sit'n go's, jackpot SNGs, and turbo events are designed for card players on the go.
- $150K Guaranteed Poker Tournament (Weekly)
- $100K Guaranteed High Roller Tournament (Weekly)
- Turbo Tournaments
- Jackpot Sit & Go Tournaments
- Sit-and-Go Tournaments
- $1.5 Million in Weekly Guarantees
- Monster Stack Poker Tournaments
Special Features
Bovada's proprietary online poker software making cardplaying easy. Over the years, Bovada customers have called for special improvements, which have resulted in the following four innovations.
- Quick Seat: Be seated at the poker table of your choice in two easy steps.
- Anonymous Tables: The ultimate in fairness, because poker pros can't target you as a casual player.
- Zone Poker: As soon as you fold your cards, you'll appear on another poker table.
- Mobile Poker: Fully compatible with Android, iOS, and Windows smartphones and tablet computers.
Is Bovada Safe and Legit?
Controversy
It's important to look at the background and the people behind operations that provide online gambling - especially when it comes to sites that provide games for US customers. While the company has done an admirable job so far, there's some controversy in their background that the readers at Gaming the Odds should know about - so is Bovada legit and safe?
Bovada.lv is the 'US version of Bodog' - it was created by Bodog's operators, has the same software and shares the same players. It feels good to play at a site that has been in the online gambling business since 1998.
But if you were to judge the people involved in Bovada's operations by what they were doing before they created Bodog, you may think that Bovada is anything but a safe to place to gamble at. However, keep in mind: they've done a wonderful job at being a reliable, professional and entertaining gambling site for several years now.
In 1998, a company called eSportz provided original software for a company called Cyberoad, through which the software was provided to some of the first online betting sites, namely Grand Prix, The Big Book, The Sports Machine and Mayan Sports. All of these companies used a payment processor called eBanx. Eventually, Cyberoad purchased eBanx.
In 2000, a company called El Moro Finance agreed to make $200,000 worth of credit available to Cyberoad. Since Cyberoad was unable to pay its debt to El Moro, it went out of business during the same year and El Moro - curiously, a company that owns some of Ayre's real estate - acquired Cyberoad's assets, leaving Cyberoad's investors with nothing.
Bodog was born out of this situation, and as far as the other companies that were powered by eSportz software go, The Big Book had acquired Grand Prix (The Big Book shared offices with Calvin Ayre's company) and continued using the same software, while Mayan Sports couldn't come to an agreement with El Moro and decided to start using new software.
During the time it took for Mayan Sports to transition to using new software, eBanx (which, again, was Mayan Sports' payment processor, and technically now owned by El Moro) sent e-mails to Mayan Sports' customers, urging them to move their business to Bodog, and they could even use the same usernames and passwords they had when playing at Mayan Sports.
During this time, Ayre even used a fake name ('Cole Turner'). Understandably so, the Mayan Sports people were not happy to find out his real name later on.
That's the story when you look at official records. Calvin Ayre paints a different picture:
'There's no point in me talking about Cyberoad,' Mr. Ayre said dismissively in an interview. 'It wasn't my company, it was only one of a number of customers I had.'
In U.S. regulatory filings, however, Mr. Ayre is described as the 'creator and visionary' of Cyberoad. The filings say he gave up his CEO's title shortly before the company obtained a stock listing in the U.S. 'over-the-counter' market in the spring of 1999, and began acting as a consultant.
It's worth noting that Calvin Ayre has been associated with marijuana smuggling (for which his father got sentenced) and insider trading (which he settled for $10,000), due to which he was banned from serving as an officer or director in any company listed on the Vancouver Stock Exchange (among other things). Being a 'consultant' is sort of a cliche for people to call themselves after they've been banned from directly running a company.
It's difficult to tell what they real story is, although if you read the article linked to from the previous paragraph, you'll find out about several things he claims to be true that don't add-up when compared to the 'official' story.
In short, Cyberoad relied on eSportz software (controlled by Calvin Ayre) and took a line of credit from El Moro (affiliated with Calvin Ayre). If eSportz would stop providing software for Cyberoad, would the company go out of business and then be owned by El Moro essentially for the price of $200,000 minus the money that Cyberoad paid back before going bankrupt?
And having eBanx e-mail to Mayan Sports customers, urging them to join Bodog instead is unethical to say the least. Then again, competition is fierce in the world of business.
Criticizing Bodog / Bovada the company, however, is difficult. They've provided customers with first-class online casino games, professional customer support and fast payouts for over 15 years now, and even though their poker room has the most player traffic out of all US sites by far, they still process cashouts the fastest.
But if you look at the background of the company's founder, there's definitely something shady going on. With that said, I have yet to find a case where Ayre's actions have negatively affected his customers, even though many of his business partners seem unhappy.
Is Bovada Rigged?
Bovada has essentially been in business since 2000. They've been through all sorts of testing, their software is certified by Gaming Associates, and they are currently licensed by Kahnawake Gaming Commission.
So is Bovada rigged? My answer is a definite no.
In case you still worry about Bovada cheating or being rigged, you're obviously more than welcome to contact their customer support. They're true professionals and I've never had a bad experience with them. You can either call them or send an e-mail. Can you cheat at Bovada?
The fact that this is an honest and reliable company doesn't mean that there wouldn't be cheating at Bovada. Just like an honest live casino or poker room is bound to have cheating customers, the same goes for online sites.
Fortunately, bigger online poker rooms have all sorts of methods to stop players from cheating; for example, they can detect if you're talking with your friend on MSN or Skype, have a lot of experience on studying hand histories, etc.
But you could, of course, play in the same table as your friend and have a phone conversation at the same time, thus sharing information with each other. These players get caught faster than you'd probably think since it's surprisingly difficult to act like you're not playing together.
All-in-all, I suggest spending less time wondering 'is Bovada rigged?' or 'are other players cheating at Bovada?' Just play the game and enjoy it. Should you see anything suspicious, feel free to report it, but it's unlikely that you will.
Is Bovada Legal for US Players?
I get a lot of questions asking about whether Bovada is legal or not. While I'm not a lawyer, have never studied law and write for entertainment purposes only, here's why my answer is 'yes.'
- Bovada operates in Canada, is owned by Meadway Leisure Limited and has a gaming license issued by the Kahnawake Gaming Commission. For all I know, they're running their business legally under international law and fully comply with Kahnawake Gaming Commission's rules.
- Nowhere in the US federal law does it say that it's illegal to play poker, casino games or bet on sports online. This is a myth. People often confuse the legality of betting on these games with the legality of running a business that accepts bets or is involved in processing online gambling payments (those might be illegal).
- They use a .lv domain. This prevents the Department of Justice seizing the domain like they seized the .com domains of PokerStars and Full Tilt Poker in 2011, which turned into quite a catastrophy for the US online poker market.
Is It Legal for Bovada to Operate in the US?
They accept sports bets and are involved in processing gambling transactions so there's a real chance that the US government will take action against them at some point -- especially considering it already has done so when seizing $25 million from Bovada's payment processor's account in 2008 (as referred to earlier).
Bovada has, however, demonstrated that they can handle problematic situations and payouts were delayed only for a while. They since prohibited players from states where they feel like operating online gambling games is going to be the most difficult (legally-speaking).
But betting on sporting events or casino and poker games is not illegal by any federal law, although some state laws do prohibit it. Accepting sports bets online is illegal per the Wire Act of 1961. The sites operating an online sportsbook are taking a risk and you - if you participate in their games - take a risk as well since the site might fold one day and take your money with you. But by playing, you're not violating any federal laws (this, again, is my uneducated opinion - for legal advice, contact a local gaming lawyer).
Where Is Bovada Legal?
While no federal law prohibits you from playing online poker, casino or sportsbook games, individual state laws may do so. Most state laws have vague gambling laws and it's a matter of interpretation to determine if playing there is legal or illegal, however, there are a couple states where participating these games is illegal with almost 100% certainty. (Still, getting prosecuted for gambling online is rare.)
States such as Utah, New York and Washington have strict laws against online gambling. With many others, it's difficult to say and only three states have specifically legalized online gambling games (although not in all forms) and those are Nevada, New Jersey and Delaware.
Bovada operates in Canada, is owned by Meadway Leisure Limited and has a gaming license issued by the Kahnawake Gaming Commission. For all I know, they're running their business legally under international law and fully comply with Kahnawake Gaming Commission's rules.
I recommend contacting a local gaming lawyer about the subject. In fact, that's what you should do if you want to get a professional answer to 'Is Bovada Legal in the US?'
Why the Biggest Poker Sites Got Shut Down a Few Years Ago?
When PokerStars left the US market and Full Tilt Poker shut down (it has since re-opened, although not for US players), US players lost two of the biggest online poker sites in the world. Will legit Bovada get shut down as well? While everything is possible and I have no way of predicting the future, PokerStars and Full Tilt were charged with fraud and money laundering and the Department of Justice never blamed them for violating the Wire Act (which, they later admitted, applies only to online sports betting anyway).
Banks allegedly processed 'unlawful' gambling transactions - while making them look like non-gambling transactions - in exchange for large investments from those poker companies. SunFirst Bank, for instance, allegedly processed around $200 million in online poker payments.
All the problems that US poker sites have had with the Department of Justice have related to bank frauds, money laundering or accepting illegal transactions, which is why only a few payment options for US players exist. Legality of playing poker online (from a player's point-of-view) has never been the issue. And there is no federal law that prohibits you from playing poker on the internet. Locally, in your state, there may be though.
It's only reasonable to assume that something of similar sort may happen to other real-money online gaming sites in the US, no matter how 'legit' they are. Banks and payment processors aren't willing to process online gambling related payments knowingly so gambling sites have to 'hide' the true origin of the transfer. We recommend that you keep your account balance at minimum in order to avoid losing a lot of money in these situations.
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Last Updated: January 2, 2020