About Us| Sponsors| Contact
Follow us:   Sportswagers on Twitter

Picks By League

Online sportsbooks

Aug 2, 2014

Online Sportsbooks

As per a recent request from one of our readers inquiring about off-shore sportsbooks and betting online, we are going to provide you with some information here regarding our sponsors.

First let me assure you that I have done extensive research on all our sportsbooks sponsors. We could have dozens of sponsors like other sites but are committed to the best so that none of our readers get burned, EVER. I personally guarantee that you will never have an issue getting paid from any one of our sponsors. If you do, send me the details @ info@sportswagers.ca and I promise it will be resolved ASAP.  

For Canadians sending or receiving money, the options are many and vary from sportsbook to sportsbook but almost all of them accept:

-bank-wire transfers

-Instadebit

-credit card payments

U-KASH.

Check out our sponsors page at the top for more info on the above methods.

For Americans, the only one of our sponsors that accepts U.S. players is 5DIMES:

Most sportsbooks do not accept U.S. players due to the gambling laws in the United States regarding on-line wagering so if you’re an American you have to be extremely cautious about where you send your money. However, 5Dimes operates out of Costa Rica and therefore accepts players from the United States and encourages them to partake at their sportsbook. 5Dimes is a legal option for online sports betting in the U.S. 5Dimes has been around for nearly two decades, and in that time, they have grown exponentially into one of the best sports betting sites for USA players in the world.

Wire Transfers - Western Union + MoneyGram

The quickest way to get money out of 5DIMES, for U.S. users (and Canadians too), is through the use of a cash wiring service like the ever-popular Western Union as well as MoneyGram. These two companies have offices all over the world and chances are that you can find a wiring station within a mile or two of where you live. The great part about these is that once 5DIMES has sent your money, it will instantly be available for pickup thousands of miles away... and you get paid in cash! The instructions for sending money via Western Union can easily be found within their site.

For the biggest payouts from 5DIMES, users should go with using a bank wire transfer to secure your funds. This is because the sportsbook allows users to take as much as $10,000 out of their 5Dimes account in a single transaction - the minimum is $500. This method is much like the debit card form of withdrawal but instead of sending funds to your debit card, which then goes to your account, a bank wire cuts to the chase by going straight into the account.

The initial process of setting up for this payout method does take a little bit of work, but once done it will never need to be done again. That will really cut down on the time required to get paid through a bank wire after the first withdrawal. On subsequent withdrawals, users can expect to see funds in their account in as little as 10 business days but usually sooner.

Check By Courier - ONLY For U.S. + Canadian Players

While getting checks for sportsbook payments might seem like a no-brainer, not every sportsbook offers this method. As hard as that is to believe, it's not always an option but it is when banking with 5Dimes. Before jumping into this, those living in Hawaii, Alaska, Washington and Maryland will not be able to receive a check when requesting their FIRST 5Dimes' payout. To use this method, the player will need to have a bank where they can cash the check because chances are that you are not going to be able to find a branch of the same bank that 5Dimes uses in your neighborhood, city or even state. 5Dimes is based outside of the U.S. and therefore doesn't use the major American banks that most are used to seeing. Your local bank should have no issues cashing the check but if so, 5Dimes will give you instructions on how to make it work. As for Canadian players, 5Dimes issues a check from CIBC and you will have no problems depositing it and waiting for it to clear.  

As for the fees for using this payout method, you get one free check every thirty (30) days from 5Dimes Sportsbook. If you go over that limit, 5Dimes could charge anywhere $40 to $150 each depending on the amount of the withdrawal. Payout limits when using checks start at $1,000 with a cap of $2,450. Granted that minimum limit isn't friendly for most users, and payout times can go from 5 to 15 business days, but this is an option for those looking for a sturdy payout method that can be trusted.

CREDIT CARDS:

This one is a little trickier because you’ll get denied more often than not and it’s not VISA, Mastercard or AMEX that denies the transaction. It’s the financial institute that issued the card. They don’t support gambling on-line because they don’t want to be responsible if you lose a lot of money. However, you can walk into any Shoppers Drug Mart (in Canada) and purchase a prepaid credit card that range anywhere between $25.00 to $500.00. We’re not sure where you can buy prepaid credit cards in the US but we’re sure there are dozens of places like gas bars and Walmart among others. With a prepaid card that is issued by VISA, MASTERCARD or AMERICAN EXPRESS, your transaction will not be denied.

BONUSES:

We urge you to read the rules regarding bonuses if you choose to use them. Many sportsbooks offer up to 100% deposit bonuses up to a certain amount. In other words, if you deposit $500, they will offer you a percentage bonus of that amount. It could range anywhere from a 20% to 100% deposit bonus. That looks like free wagering money and it is but there are restrictions that you need to be aware of. You can begin wagering with that money instantly but you can’t withdraw the money if you win until those restrictions have been met. All of these bonuses come with a “rollover” requirement that can range from a 6x rollover to a 10x rollover. What that means is if you deposit, let’s say $250.00 and get a $250.00 bonus, you will be required to wager 6 times or 10 times that amount before they will allow you to withdraw it. In other words a $500.00 balance will require you to give them $5000.00 worth of action before you can withdraw funds. That may seem like a lot but if you plan or betting every day long term and don’t need the money right away, it’s actually a decent offer. However, if you don’t want restrictions, DON’T accept the bonus offer. Personally, I have never accepted a bonus offer because of those restrictions. I don’t like anyone dictating to me how much I have to bet to withdraw funds. I like the freedom of being able to move money at my own discretion and I strongly suggest that you reject the bonus offers too, as they force you to wager money you may not have wagered otherwise. However, it’s up to you if you want to utilize the bonus offers but do read the fine print before doing so.

Also check out our Betting Advice section for more information regarding on-line wagering and/or take a tour of any one of our sportsbooks on our home page to the right.