Initially launched as Confinity in 1998, PayPal has evolved into one of the most widely used payment platforms in the world. In its infancy, PayPal was mostly used to facilitate sales and purchases on eBay. In fact, eBay bought PayPal in 2002 and eventually spun off the payment processor in 2015. PayPal is accepted in over 200 countries and there are approximately 286 million registered accounts. Throughout the second half of 2018 and the first half of 2019, PayPal’s net total payment volume exceeded $640 billion. While people still use PayPal to buy and sell on eBay, they also use PayPal for a variety of other purposes, including playing at PayPal online casinos and betting on sports.
By the early 2000s, PayPal was the most popular payment method at online betting sites. However, due to factors such as increased regulations and the company’s 2002 merger with eBay, PayPal stopped processing online gambling transactions in 2003. Fortunately for the online betting community, PayPal has since resumed facilitating online gambling payments at properly licensed betting sites in regions where online gambling is legal.
All About Sports Betting With PayPal
Many online casinos and bookmakers have enthusiastically embraced PayPal’s re-entry into the online gambling market. Because so many people all over the planet have existing PayPal accounts, customers already have a secure and reliable way to make instant deposits and fast withdrawals.
Those who place their bets at reputable PayPal-friendly sites like Betway and 888sport know they can cash out their winnings with no hassles or unnecessary delays. They also know that they are getting the most competitive odds on the widest variety of betting markets. Even better, PayPal bookmakers usually give players excellent bonuses when they use PayPal to make their deposits. This also applies to online casinos. Aside from the bonuses, PayPal users who enjoy playing casino games like slots and blackjack are confident that the games they play at PayPal casinos are provably fair. PayPal casinos feature games from the best software providers like Microgaming, NetEnt, Cryptologic, and Betsoft.
What Can You Bet on at Sports Betting Sites That Accept PayPal?
Punters didn’t have a lot of betting options before online bookies came along. Back then, bookies typically offered odds on moneylines, spreads, and totals. Things have changed dramatically since then. Now, online bookmakers present punters with a staggering number of betting options. Many high-profile matches such as Monday Night Football games feature over 150 betting opportunities. Here are a few examples of what NFL bettors can choose from:
- First half moneylines, spreads, and totals
- First and last team to score
- Alternate spreads and totals
- Game props (Team to score first, Over/Under total field goals)
- Player props (Over/Under receiving yards, rushing yards, passing yards)
- Loads of other props
How to Bet on Sports Using PayPal
There is a good chance you already have a PayPal account. If not, it only takes a few seconds to open one. You need only provide an email address and a few other basic details like your name and country of residence. Once you’ve created a new account, link your bank account, credit card, or debit card so you can fund your account.
Once you have an account balance, you need to find the online sportsbook that best suits your needs. Consider the bonus and promotions, available betting markets, odds, and other features like live streaming and in-play wagering. Of course, you’ll want to find a bookie that offers the fastest payouts. Now that you have loaded your PayPal account, found the ideal bookmaker, made a deposit, and claimed your bonus, it’s time to get into the thrilling sports betting action.
While the overall layouts of different PayPal sportsbooks might vary, the process of placing a bet is usually the same. When you find the game you wish to wager on, you’ll likely see odds on the moneyline, spread, and total beside it. You will also probably see a link to other betting options. Clicking on that link will present you with several other betting opportunities such as the aforementioned alternate spreads, alternate totals, exact scores, and a plethora of player and team propositions.
Clicking on the wager you’d like to make will automatically bring up your bet slip. Once you fill in the wager amount, the bet slip shows you the odds, bet amount, and potential winnings. You can build a parlay, combo bet, or a teaser by placing additional selections to your bet slip. You should know that most bookmakers do not let you cancel a bet once you’ve confirmed it.
Basic Sports Betting Tips
Betting on sports is a lot different from playing most casino games. Sure, both involve luck. It’s just that the outcome of many casino games like slots, video poker, and live online Roulette depend almost entirely on luck. Conversely, successful sports bettors use their knowledge and skill to maximize their chances of getting lucky. Seasoned sports bettors know how to find the best opportunities. With the massive number of betting options that many bookies offer on a single game, those opportunities abound. Nevertheless, there is a lot more to being a winning sports bettor. Here are a few quick tips to increase your chances of winning money over the long run.
Poor money management is one of the most common causes of punters losing their bankrolls. Successful sports bettors manage their money in a way that allows them to endure the inevitable cold streaks. Let’s say that you want to place bets throughout the NFL season. Let’s also say your sports betting budget is $500. If you bet the whole shebang on a Week 1 game and lose, well, your NFL betting season is over.
Most experienced sports bettors limit their wager amounts to a certain percentage of their total bankroll. While there is no specific number, beginners should limit their bet amounts to between 2% and 5% of their bankroll. Sure, you’re probably not going to win a ton of money, but you will easily survive a long losing streak and keep on betting. You can always increase your bets as you gain experience and grow your account balance.
Sports Betting is a Form of Entertainment
As with any other form of gambling, it’s important that you think of sports betting as a form of entertainment. Placing a few bucks on a sporting event adds an element of excitement and gives you a real stake in the outcome. It’s true that a few people have made a lot of money betting on sports. However, the reality is that many more have lost money. In some cases, sports bettors have lost a lot more than just cash.
Just as casino fanatics want to play at online casinos that boast the best payouts, sports bettors always want to get the best odds. Why would you risk $25 to win $20 at one sportsbook when you could risk the same amount to win $25 at another sportsbook? It would be like buying a pair of pants for $100 when you could buy the same pair across the street for $80.
You could simply flip a coin to make your sports picks, but that’s not a winning strategy. Serious sports bettors do their homework before placing their bets. They look at a number of factors including trends, statistics, current streaks and key injuries. Weather conditions also affect games that are played outdoors. Studying an individual matchup gives you better insight and improves your chances of winning.
Take Advantage of Bonuses, Promotions, and Other Features
Obviously, you’re a winner right off the bat when you claim a sportsbook bonus. But don’t forget to find out what promotions your bookmaker is offering. Odds boosts, risk-free bets, acca insurance, and bore draw promos are just a few offers that will give you an edge. Then there are other features such as live betting and the cash out options that, if used properly, can also add to your bottom line.
What You Need to Know about Legal Sports Betting
Even though sports betting remains illegal in many regions, that doesn’t stop punters in those countries from indulging in it. Innovations like VPNs and Bitcoin casinos make sports betting relatively easy and anonymous. Still, those who engage in illegal sports betting risk certain consequences. They also lack the level of player protection that punters get when they use PayPal bookies. Remember, PayPal only offers its services to licensed and regulated bookmakers that operate in regions where sports gambling is legal. This means that PayPal sportsbooks operate with the highest degree of integrity and honesty.
Advantages Of Sports Betting with PayPal
PayPal certainly isn’t the only eWallet payment option at online betting sites, although it might be the most secure and cheapest to use. There are plenty of options out there. A lot of sportsbooks and online casinos accept Ethereum and other cryptocurrencies. Unfortunately, the volatile nature of cryptocurrency is a major drawback. Prepaid cards are also popular, but they cannot be used to make withdrawals. Almost every site accepts major credit cards. It’s easy to find online casinos that accept Mastercard, but watch out for the fees and good luck making a withdrawal.
Disadvantages Of Sports Betting With Paypal
Using PayPal to bet on sports doesn’t have any major drawbacks, but, like almost every other payment method, it has a couple of minor ones.
Best Sports Betting Sites
PayPal users have a considerable number of excellent sportsbooks to choose from. PayPal bookmakers offer scads of betting possibilities on almost any sports event you could think of. They also boast a bevy of bountiful bonuses. Here are a few PayPal sportsbooks that truly stand above the rest.
William Hill: William Hill has been among the biggest and most reputable sport betting brands since 1934. Sports bettors love the excellent odds, plenty of promotions, and nice bonuses. Their live streaming feature greatly enhances your in-play wagering experience.
Ladbrokes: This PayPal bookmaker’s illustrious history dates all the way back to 1886. Ladbrokes has remained at the forefront of the sports betting industry ever since. Enjoy live streaming, innovative promotions, a massive selection of betting options, and a great welcome bonus when you make your first deposit using PayPal.
888sport: 888sport has only been around since 2008, but it has quickly established itself as a leader. Punters will find everything they need to maximize their sports betting adventure at 888sports. In addition to a valuable welcome bonus package, 888sport is one of the few sites that offers new players a no-deposit bonus.
Top Sports to Bet Online With PayPal
There aren’t too many competitions that don’t generate betting action. Money is bound to change hands at almost any event that draws spectators. The most popular sports to bet on with PayPal include:
- American Football
On top of those popular sports, PayPal bookies also offer odds on less trendy competitions such as:
- Table Tennis
But that’s not all. You can find odds on politics, entertainment, and even miscellaneous props like wagering on whether humans will visit Mars. Let’s not forget about eSports which are the latest betting phenomenon. Counter Strike: Global Offensive, DOTA 2, and League of Legends now produce as much betting activity as many mainstream sports do. In short, PayPal bookmakers have almost every form of competition on their betting menus. Don’t forget to claim your sports betting bonus when you make your deposit using PayPal.
Alternatives to PayPal for Sports Betting
One of the best things about making deposits and withdrawals from sports betting sites is the number of available payment options at your disposal. It’s not like in the past where your options were cash or credit card. Online bookmakers want to make it as quick and convenient for you to use their services. This is why they support so many other payment methods. Here are some other easy payment solutions for making deposits and withdrawals.
Cryptocurrencies are one of the fastest growing means of conducting transactions at online sportsbooks and Bitcoin leads the way. Bitcoin didn’t have too many uses when it first appeared in 2009. The fledgling cryptocurrency finally found its place when online betting sites began supporting it as a payment method. Now, Bitcoin and sports betting go together like prime rib and Cabernet Sauvignon.
The biggest advantage to using Bitcoin is the low to non-existent fees. Not only are online bookmaker deposits usually free and instant, withdrawals often are as well. Users also love the anonymity and high level of security that Bitcoin transactions afford them. The many Bitcoin deposit bonuses make using Bitcoin even better.
Formerly known as Moneybookers, Skrill has been one of the most popular eWallets since 2001. Skrill supports over 40 currencies and is accepted in nearly 200 countries. Furthermore, it’s accepted at countless online betting sites. Like PayPal, Skrill deposits are instant and withdrawals are typically processed within a couple of days. The biggest drawback to using Skrill is that a few bookies do not offer deposit bonuses when you use Skrill. Be sure to check the site’s terms and conditions before making your deposit.
Visa is one of the fastest and most convenient payment methods on the planet. Online sports bettors can use their Visa credit card, debit card, or prepaid card to make instant deposits at almost all online sports betting sites. Deposits are secure, and they almost always qualify for bonuses and promotions. However, the convenience comes with a cost.
Generally, the transaction fees associated with Visa credit card sportsbook deposits are higher than most other payment options. As opposed to using a Visa credit card to pay for goods or services, sportsbook deposits are often treated as cash advances. As such, users are susceptible to additional cash advance fees. Of course, these extra fees don’t apply to Visa debit card or Visa prepaid card users. Make sure you check with your issuing institution to find out what fees apply to you.
You need to know that some bookmakers don’t offer Visa credit and debit card withdrawals. You should also know that some issuing banks sometimes block Visa credit card transactions with betting sites. This is especially true in the United States.