Simply fund your online wallet using your personal chequing account or credit card and you can send money to and from your favourite sportsbooks. Not too mention you can have withdrawals sent directly to your bank account, no need to wait for mailed checks. There is significantly more flexibility for customers who use online wallets, most sports betting deposits now are processed using Instadebit and Moneybookers as opposed to Visa and MasterCard.
There are plenty of online wallets to choose from, the top two that we recommend to Canadians is Instadebit and Moneybookers. Both of these wallets have been around for years and have a great reputation among their Canadian clients. Below we have listed the best ones for Canadians with a quick explanation. Click on any of them listed for our full detailed review.
Instadebit — Fund your Instadebit account using your Canadian chequing or Savings account Electronic Cheque and then feel free to transfer those funds to any online sportsbook of your choice. Withdrawal funds from your sports betting account back to your Canadian bank account within 48 hours. Entropay — Is a online wallet that works as a virtual Visa Card.
Essentially its like a having a virtual pre-paid Visa card that will not be blocked by any gaming sites. You are issued a virtual Visa card number and actual Visa card should you wish to receive one so you can make withdrawals at bank machines. You can fund a Entropay account using a bank wire or electronic cheque.
PaySafeCard — PaySafeCard allows you to make in person voucher purchases at your local convenience stores or Canada Post locations and then upload the money directly to your PaySafeCard account or the online sports book of your choosing. Payouts for a parlay are fixed by the time the bet is placed. If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand.
The good news is that the bettor has two live parlay bets. A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers. A Round Robin bet is placing multiple parlay wagers at once. Round Robin bets are just a way to simplify making multiple parlays. The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.
The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.
The ticket will cost the amount chosen for each parlay. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually. A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser.
Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay. Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points.
Those legs of the teaser may go in different directions. Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet. The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet.
Parlay Cards are especially popular during football season.
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One thing to be aware of regarding credit card deposits at international online sportsbooks is the fact that a particular US banking regulation — the UIGEA — can occasionally cause your transactions to be declined. When this happens, you have done nothing wrong, and your card has not been disabled. Just wait a few minutes and try again or choose a different banking option like Bitcoin sportsbook deposits , Bitcoin Cash , Sportsbook Vouchers, Zelle , or QuickBit sportsbook deposits , bank wires, etc.
All the best sports betting sites that accept Mastercard are listed on this page. These services represent the top tier of the online betting industry, with robust sportsbook options that cover everything from the major US and collegiate sports NFL , NBA, college football , MLB, etc. Plus, when your teams are in their offseasons, you can still wager on sports sims to hone your virtual craft, and eSports betting and entertainment odds are on tap to keep you busy year-round.
All the best US sportsbooks that accept Mastercard typically offer four different categories of support for the platform: credit, debit, prepaid cards, and gift cards. Of these methods, we prefer gift cards, as these have the highest rate of success in cutting through the meddlesome red tape of the UIGEA law. Still, all the Mastercard banking options supported are extremely secure, and they each work the vast majority of the time.
When you engage in Mastercard gambling on your favorite players and teams, you can choose from the following card-based deposit options:. Most online sports bettors use typical Mastercard credit cards. Additionally, there are international transfer fees levied by your bank when going this route, so you should take those into account as well.
Still, if that happens, you can try again in a few minutes, or you can use an alternative payment option, like a Bitcoin betting deposit. All Mastercard gambling sites accept debit cards in addition to credit cards. When you use a Mastercard debit card to load up your online betting account, you may or may not have to pay the same fees as with the credit card option, and international surcharges also apply.
Still, Mastercard debit is a viable option, and many bettors exclusively use their debit cards for their online gambling banking. Transactions are instantaneous when they work, and rejected transfers do not result in your card being disabled in any way.
In general, using a prepaid Mastercard or a Mastercard secured credit card works well for bet funding, as this is less likely to be hung up by the UIGEA. Our preferred method of Mastercard deposits is to use a Mastercard gift card or Mastercard e-gift card. These are already entirely funded, which means that the UIGEA almost never interrupts or sidelines such transactions.
Again, the typical processing fees apply, and with gift cards, you must ensure that your card is rated for international purchases. Remember, all the best online sportsbooks operating legally over the Internet are located outside of the US, which means that all transactions are international in nature. If you attempt to use a gift card that is rated only for US purchases, your bet funding will not go through. All in all, however, if the bettor in your life wants the perfect gift, Mastercard is an excellent option.
Every sports betting site operating online has different transfer limits on Mastercard deposits. These can vary somewhat, so if such limits are crucial to your betting plans, they might be a deciding factor when it comes to the site or sites you choose. You can expect the following banking limits at the top sports gambling sites that take Mastercard:. Regardless of sportsbook, Mastercard deposit options do not allow you to claim Mastercard payouts.
While online betting sites used to support Mastercard chargeback options for withdrawals, that is no longer reliable enough due to the UIGEA. Bettors want zero friction when withdrawing their winnings, and the top sportsbook sites have decided to get rid of this less-than-desirable option. Thus, when you make a deposit using Mastercard at any site listed here, you will be able to select from the following payout methods:.
Please note: All the above payout options come with varying processing fees and transfer times. Bank wires typically have the highest fees and take days to process, while P2P transfers and money orders take days and come with lower fees. Plus, most reputable online sportsbooks will give their members one free check withdrawal every 90 days or so.
If you want reliable same-day payouts and no added fees, you must make Bitcoin or altcoin deposits i. Just remember that to receive a crypto betting payout, you must first deposit using the same cryptocurrency in question — You cannot deposit with Mastercard and claim a Bitcoin or crypto withdrawal. One of the best reasons to sign up with online sportsbooks that accept Mastercard is the bonus selection.
Offshore betting sites are very focused on the bonus model, and they offer Mastercard depositors a host of valuable perks whenever they top off their bankrolls using this method. While competing sites have different betting bonus limits and rollover requirements, they all fall under the following range:. As mentioned, all sports betting bonuses come with rollover requirements, which means you must bet a certain multiple of your deposit before you are eligible to claim any withdrawals.
However, because the best books in the business are respectable and ethical, these rollovers are very low X , which means any bettor can easily meet the terms. QB Direct , also called Quickbit at some online betting sites, is a third-party service that allows you to use your Mastercard to effectively make Litecoin crypto deposits at your sportsbook of choice.
The service is not a gambling product. Legal online sportsbooks have simply chosen to employ this secure third-party crypto exchange as a service for their bettors. Mastercard neither allows nor disallows online gambling, but the company is beholden to the automated checks mandated by the UIGEA, which means your card deposits will occasionally be declined.
For the best success rate at gambling sites that accept Mastercard, we recommend using a prepaid Mastercard gift card. Instead, any Mastercard limitations when it comes to online sports betting are the product of the UIGEA federal banking regulation, which occasionally causes your card to be declined.
All the most reputable operators accept Mastercard credit, debit, prepaid card, and gift card deposits. All our recommended sports betting websites that accept Mastercard are the very best in the business, and your choice will come down to personal preference.
The card can be expected in pharmacies, convenience stores, or general merchandise partners of InComm. While this is a first in terms of a sportsbook releasing their own cards into the retail market, other sports betting gift cards are also available. The cards can also be purchased online. Physical sports betting gift cards will only be found in states where sports betting is legal. While half the nation has legalized sports betting, there will most likely only be certain states in which sports betting gift cards will be offered this holiday season.
There is no age restriction when it comes to purchasing the gift cards themselves. However, those looking to actually transfer funds from the gift card to their sportsbook of choice will need to be of the legal age to bet on sports in their respective states. The gift cards do not violate the UIGEA as the companies issuing the cards as well as the sportsbooks accepting funds from them are all regulated by state governments. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US.
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