Safe, Easy Deposits at Offshore Horse Racing Betting Sites
The biggest offshore racebooks have been welcoming bettors from both the USA and worldwide for more than 20 years. During this time, they have built two different reputations.
One for offering the best odds on horse races, best rebates and best bonuses + promotions.
Offshore books including Bovada and BetOnline have also slowly and surely built a reputation as safe places to bet. They have paid winnings promptly, looked after their customers – and adapted to new and innovative ways of moving your money around.
Wide Range of Horse Racing Bets / Features
In addition to the many wagering options across a wide range of racing, offshore books offer impressive sign up bonuses and ongoing reward schemes once registered. This page offers a guide to exactly how the deposit and withdrawal process works at offshore racebooks. This has you covered whether you are tech-savvy or prefer traditional methods like cards or wires.
US Deposit Methods at Offshore Racebooks
The following list covers bettors from the USA. If you are international, there are additional deposit options available (though the ones listed for the US will also work for you).
Bitcoin Racebook Deposits
Bitcoin is the deposit method of choice for the offshore sportsbooks. This is now as easy to use as PayPal and anyone worried about the volatility does not need to hold funds in cryptocurrency for more than a few minutes at a time. The second your deposit is received; the books change it into dollars. You will keep USD in your account, only going back to BTC when you withdraw.
A major advantage to Bitcoin (or other crypto) deposits is that you get better sign-up bonuses. Bovada are well-known for this, often offering double the standard welcome bonus if your deposit is in Bitcoin.
There are some setup steps needed. You will need to set up a wallet at Coinbase or another exchange, then swap some dollars for Bitcoin before it can be used at the racebook. Once you are set up, deposits and withdrawals at racebooks, sportsbooks and casinos will be seamless. As a bonus, if you choose to get involved in crypto, you will have a wallet ready and waiting.
Bitcoin is the best-known cryptocurrency, though many others can be used for deposits and withdrawals at offshore racebooks. Your options are Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar and USDC. Some books will offer a long list of alternatives – those listed cover 98% of users. These work in the same way as Bitcoin when making a deposit. You get a wallet, then buy some coins, before sending them over to the racebook.
Racebook Deposits with Credit and Debit Cards
You can make a deposit directly with your branded credit card. Offshore sites accept Visa, MasterCard, American Express, and Discover cards. It is hit or miss to get these payments processed. The offshore gambling sites play a game of cat and mouse with the banks – who try to block these payments.
There is no risk to your money. If your payment gets declined, no money leaves your account. Note that your card will need to allow international payments. Deposits are treated as cash withdrawals for interest purposes.
Alternatives include branded prepaid debit cards. You can buy them at your local 7-Eleven or gas station. I recommend using the instant message support on your racebook first, to find out which brands of cards are working. Again, the card will need to work for international payments.
Person to Person Transfer (Money Wiring Services)
Here you are using well-known international brands like Western **** or Money ****. They don’t like to be associated with gambling, which is why the brand names / logos are rarely used.
While this type of deposit method sounds shady, it is super-reliable.
You need a racebook account first, then you need to get in touch with the support team. They will give you a code / name of the recipient, which you take to your local branch office (or convenience store). Once the funds are sent, they will be picked up and reconciled with your account within 24 hours.
These are prepaid paper documents, that are similar to checks. These can be a good option if you are making a large deposit of $500 or more. This old-school method is best saved for a super-secure way to transfer large sums.
Another good option if you are making a large deposit. This needs to be arranged with the support team of your racebook. If your deposit is big enough, they will work with their banking providers to get your wire through. Note that this is a slower deposit method, it is too expensive relative to the amount deposited for smaller transfers.
This is a payment which is guaranteed by the bank itself and signed by a cashier or a teller. Another payment method ideal for high rollers.
Voucher (Player to Player):
In some cases, you can receive a voucher from another account holder to make a deposit to your account. This is popular among poker players, who will often stake each other.
Making Safe Withdrawals at Offshore Racebooks
The withdrawal methods available at offshore racebooks are fewer than the deposit methods. The method will usually be guided by which method you used to deposit in the first place. If you made a deposit using a cryptocurrency, any withdrawals can be made quickly and easily back to the same wallet you used to deposit from.
You can make a withdrawal through a person to person service (check with the customer service team of the racebook for full details). If you want to make a large size withdrawal, a wire transfer can be arranged at some racebooks (once more, you need to arrange such a withdrawal with customer services). Any other withdrawals can be made via a check delivered by a courier, which is to be deposited at your bank.
The trusted racebooks such as Bovada and BetOnline will process withdrawals quickly. Note that outside of crypto withdrawals, you will need to wait between 3 and 5 days to get your money out.
International Racebook Deposits
If you are outside of the USA, additional deposit methods open for you. Canadians have many of the same restrictions from banks. Bank transfers are made easier using the gateway services, though their use varies from book-to-book.
European and UK bettors have access to two electronic wallets. Both Skrill and Neteller are popular options, working in the same way as PayPal to get money into and back out of the racebooks. With few banking restrictions, credit and debit cards are a popular option in those geos.
Deposit with Bonuses at Offshore Racebooks
Whenever you sign up at an offshore racebook you will receive a welcome bonus. These bonuses can vary, with the two most popular bonuses detailed below:
- % Deposit Bonus – At some sites you receive an immediate bonus as a percentage of your initial deposit. For example, you might receive a 50% bonus of up to $250.
- Risk Free Bet – At others you receive a risk-free bet. If your initial wager wins, your account is in good stead. However, if it loses, you receive the stake back in bonus funds.
Each of the above bonuses will have a play through requirement. Other bonuses include refer-a-friend payments and rebates on bets placed.
Look out for the long-term deals before you join. Both BetOnline and Bovada offer generous rebates (up to 7%) for all bets placed in their racebook. If you enjoy betting on sports, you will find the list of promotions gets huge.
Deposit Methods for Offshore Racebooks – Summing Up
After 20+ years online, there are some safe and trusted options for horse racing betting offshore. Getting your money on and off from these sites is easy. You can use traditional methods like cards or wires, or the newer cryptocurrency methods for fast and super-secure transfers. Bitcoin deposits come with bigger bonuses to encourage you to switch!
Don’t forget to grab a bonus before you bet. BetOnline currently combine a 50% deposit match, $25 risk free first bet, and a huge 7% rebate – that is a world beating offer.
Check out www.betonline.ag now for the details!
Popular Pages Covering Horse Racing Bets:
- Bovada Racebook Review 2021