How Do You Place a Bet Online?
Across the board, the process for placing a bet online is quite similar regardless of the bookmaker you choose to bet with. For that reason, our step by step guide will take Bet365 as a general example, as they are the bookmaker who rate most highly amongst our many comprehensive bookmaker reviews.
How To Place A Bet Online:
- Go to Bet365 now and use any ‘Join’ button to open an account.
- Log in and make a deposit using the ‘My Account’ section (use code in welcome email for 100% opening bonus).
- Use the menu to find your chosen sport and market.
- Click or tap the odds of your bet to add to your bet slip.
- On the bet slip enter your stake and hit the “Place Bet” button to confirm.
What About Accumulators or Multiples?
If you’re looking to place a multiple or accumulator rather than a single bet, you can still follow the first four steps as above but then the process changes as follows:
- Repeat steps 3 & 4 to add all your selections to the bet slip.
- On the bet slip in the ‘1x” box or your corresponding multiple box enter your stake then hit ‘Place Bet’.
Stuck? See Our Illustrated Guide…
The process of placing a real money bet online really is a quick and simple one but if you got stuck using the above steps we’ve expended upon them here to help you:
1. Open an Account and Log in
Head to the Bet365 homepage using this link and then click any of the ‘Join’ or ‘Join Now’ links.
Enter the required details into the form which will appear and then click the green ‘join now’ button.
You must now make a deposit. When doing so enter the code in your welcome email to get a 100% up to £200 deposit match.
2. Find Sport
To place a bet you must first head to the page of sport you wish to bet on. You can do so by clicking the name of the sport from the extensive list down the left hand side of the Bet365 homepage or if on the app use the menu button.
3. Find Market
From the sport’s page, you can then find the market you wish to bet on by selecting from the lists of competitions and bet types. This will display for you the different available bets for your market.
4. Add to the Bet Slip
To add your chosen bet to the bet slip, all you need do is to click the associated odds which are displayed on the page.
A small ‘added to bet slip’ notification will flash up where you have clicked and your selection will then appear on the bet slip to the right hand side of the page.
5. Select Stake and Place Bet
On that bet slip, you will see a box in which you can input your chosen stake. Once you have done so, all you need do to place your bet is to click the yellow ‘Place Bet’ button.
There’s no going back once that button is clicked so make sure your bet details are correct!
You’ll also see options to place multiples and accumulators on the slip if you have added more bets (see below 5a & 5b).
5a. Add Further Selections
To build your accumulator, continue to click on the odds of your required selections and they will also appear on the bet slip to the right of the page.
5b. Select Stake and Place Bet
Once you’ve added all of the required selections, click the ‘Multiple Bet Options’ link found within the bet slip. This will display all of the possible accumulators for your selections along with boxes in which you can input a stake.
Enter your desired stake into the box for the bet you wish to place and click the yellow ‘Place Bet’ button.
How To Deposit & Withdraw From A Betting Account?
How To Deposit At A Betting Site:
The following shows you how the deposit process works at Bet365 (£200 bonus for new customers), it is similar at all bookmakers, but be aware there may be an extra set if you are using an e-wallt such as PayPal or Neteller:
- Head to Bet365.com and log in by entering your username and password at the top right of the page and clicking ‘Go’.
- Click on the small yellow ‘Deposit’ link which will now be displayed beneath your username at the top right of the page.
- Choose the ‘Credit/Debit Card’ option from the drop down menu at the head of the form which will now have appeared on screen.
- Fill out the rest of the fields on the same form with information pertinent to your deposit, including the deposit amount and any deposit limits you may wish to set.
- Click the green ‘Make Deposit’ button found beneath the form and its terms and conditions.
Are There Fees Applied to Deposits?
Fortunately, the answer to this question is a resounding no in the case of the vast majority of online bookmakers. If you stick to those providers reviewed by us on this site, certainly, you should hardly ever encounter deposit fees for the most popular deposit methods. In the few cases where fees are applied, they are unlikely to exceed 1-2%.
How Long Does Depositing Funds Take?
As shown by the above guide, the actual process for depositing should never take more than a couple of minutes. For most deposit methods, too, funds should appear in your account instantly once the process is complete. The only exceptions to that can be in the case of bank or wire transfers which can take up to a few days to process fully.
Is There a Minimum Deposit Amount?
Most bookmakers do have a minimum deposit amount and this does differ from one to the next and from one deposit method to another. In general, however, the minimum required for the most reputable bookmakers and the most popular deposit methods is usually either £5 or £10.
Is There a Maximum Deposit Amount?
Once again, deposit maximums are also invariably applied by bookmakers and do differ according to the bookmaker and the deposit method. With the biggest bookmakers, however, they are generally quite high and can run into the tens of thousands of pounds.
How To Withdraw From An Online Bookmaker:
Once again, the process is quite simple and differs little from bookie to bookie. The below guide to withdrawing for Bet365 but should be usable for all bookmakers:
- Log into your account by entering your username and password at the top right of the Bet365 homepage and clicking ‘Go’.
- Click the ‘Services’ drop down menu found immediately beneath where your username and account balance is now displayed at the top right of the page.
- Click the ‘Withdraw’ option from that menu.
- The withdrawal method which matches your initial deposit method will automatically be selected (i.e. if you deposited by debit card, withdrawing to your debit card will be the option displayed).
- Enter your desired withdrawal amount and other requested information into the dialogue boxes provided and click the green ‘Make Withdrawal’ button.
Are There Fees Applied to Cashing Out?
Many of the most popular bookmakers do not apply any fees to withdrawals made via the most common withdrawal methods. For withdrawals by debit card, for instance, basically none of the best known bookmakers charge any fees. Where fees can be applied, however, is if unusual withdrawal methods such as wire transfers are requested for relatively small amounts of money.
How Long Does Withdrawing Take?
Once a customer has complete the actual withdrawal process which takes just a couple of minutes, the amount of time they will have to wait until their funds are fully available to them will differ according to their withdrawal method. In general, e-wallet withdrawal methods such as Paypal or Neteller will see funds clear within 24 hours. Debit or credit card withdrawals, meanwhile, will often take anywhere from 1-5 working days, whilst bank or wire transfers can take even longer still.
Is There a Minimum Withdrawal Amount?
As you might expect, the answer to this does vary from bookmaker to bookmaker. Largely, however, minimum withdrawal amounts for the most common withdrawal methods are in line with the corresponding minimum deposit amounts – being around £5 – £10.
Is There a Maximum Withdrawal Amount?
Similarly to minimum withdrawals, maximum withdrawals also tend to differ according to the individual bookmaker in question. Once again, however, each withdrawal method’s maximum amount tends to match the maximum possible deposit amount for that method. In the case of the most popular methods, therefore, this tends to be in the tens of thousands of pounds.
What is the Quickest Betting Deposit Option?
Instant Deposit Options
Deposit options offered by most major online bookmakers can be separated into two broad categories. The first allow you to fund your betting account instantly and the second require you to wait a varying period of time between processing the deposit transaction and seeing the money actually show up in your account. The following are the deposit methods which fall within the former category.
One of the most widely available and most popular deposit options around, funding an online betting account by credit card is just like making any online purchase. You must enter your card details as and when prompted and your money will generally then appear in your betting account instantaneously.
The first time you use a credit card to deposit to a betting account, however, you may be asked for proof of ID before the transaction is authorised. This can obviously slow down the process but will only occur once and is something which can be requested for many different deposit options.
As popular as credit cards if not more so, debit cards are also accepted by the vast majority of online bookmakers. Once again, funding your account in this way involves simply inputting your details in the same way as with any online transaction and will see your funds appear immediately.
Many online bookmakers, too, will give their customers the option of saving their card details to speed up the deposit process even farther in future. When taking that option, punters typically only have to enter their security code and their desired deposit amount for subsequent transactions.
An increasingly popular deposit option, many online bookmakers will now allow customers to fund their accounts using eWallet services such as Paypal, Neteller and Skrill. These methods also see funds appear immediately after a transaction is completed but the actual transaction itself can take a little more time.
With most bookmakers, depositing via an eWallet service involves selecting the individual service required from a list of available options, choosing a deposit amount and then being redirected to the service’s own website. Once there, a punter must sign in to their account in order to authorise the payment to the bookmaker or betting site.
Some bookmakers who have physical stores and outlets as well as an online presence will allow customers to deposit to their online accounts using cash in their betting shops. Those companies who do offer this option, will generally be able to credit the deposit to a punter’s account immediately upon receiving the cash.
It should be noted, however, that whilst cash deposits are credited immediately they will generally take longer to complete at the outset. Punters, after all, have to physically seek out and visit a betting shop in order to deposit in this way.
Prepaid Cards & Vouchers
Lots of online betting sites will now also accept deposits via prepaid cards or voucher services, including Paysafecard and Entropay. These services generally work by allowing customers to purchase a card or voucher, credited up to the value of their purchase and complete with numbers and details similar to a credit card.
When using them to deposit to an online betting account, therefore, punters need simply enter those details in the same way as normal credit or debit card information, and will see their funds appear immediately in their account.
Deposit Options with a Delay
The number of possible methods for depositing to an online betting account which don’t see funds appear immediately are far fewer today than ever before. The following, however, are the deposit options which do still feature a delay between the processing of a transaction and money appearing in a punter’s account.
Bank (Wire) Transfer
An option offered by most major bookmakers, depositing via bank transfer involves punters directly moving funds from their current or savings account to their online betting kitty. Most bookmakers will provide customers with account details for any transfer and instructions as to a reference to apply to the transfer, which will ensure that their own betting account is the one funded.
Basically across the board with all bookmakers who offer this deposit option, there is a fairly significant delay between authorising the transfer and seeing the funds appear in a betting account. Most bookmakers stipulate that the time punters will need to wait will be somewhere between two and ten working days and will differ from one transfer to another.
A somewhat outdated payment method in all spheres, let alone when it comes to online transactions, some bookmakers do still allow punters to fund their accounts by cheque. Those bookmakers which do, will inform customers of who to make cheques payable to and where they need to be sent.
Due to both the need to send cheques in the post and the time that cheques take to clear, the delay between writing a cheque and funds appearing in a betting account is often significant. Many bookmakers who take cheques will warn their customers to expect a wait of anywhere between five and 28 working days.