Online sports betting allows you to effortlessly and rapidly earn money, with a bit of luck. The convenience of handling all the necessary formalities from the comfort of your own home has led to a significant increase in new customers for the betting portals in recent times. Nowadays, many sports bettors prefer placing their bets in the cozy confines of their homes rather than in potentially shady betting shops.

Despite the convenience, certain processes in online sports betting may appear more complicated than placing bets in a physical shop. Take, for instance, the withdrawal of winnings – specifically, answering the questions: When can one withdraw winnings? How long does it take to process the withdrawal of betting profits, and what withdrawal methods are available? While in betting shops, one only needs to submit a valid betting slip for withdrawal after a successful prediction; online portals require a few additional considerations.

Everything needs its validity.

To ensure a smooth payout process, it is essential to have a valid betting account. Upon registration, you must select a deposit and withdrawal system following the proper registration procedure. All bookmakers accept the two traditional options of bank transfer and credit card. Additionally, many betting providers include online payment systems like PayPal or Moneybookers in their range of payment methods.

Auszug einiger Zahlungsarten auf der Homepage vom Betting provider Interwetten . Beim österreichischen Online-Bookie kann auf zig verschiedenen Arten ein- und ausgezahlt werden.

Once the request for withdrawal has been communicated through an appropriate online form, it will be reviewed by a staff member of the betting company and processed on the same day or at the latest, the following working day, with the payment being carried out promptly.

Withdrawals to a credit card or a virtual payment system are typically credited to the bettor's account on the same day. Bank transfers, on the other hand, take slightly longer, usually around two to four business days, for the winnings to reach the bettor's account. Many online bookmakers also require a minimum withdrawal amount to be met before transferring the funds (e.g. €25 at Tipico).

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Furthermore, winnings will only be credited to the betting account once official results are available for the selected games or events. The duration of this process may vary from sport to sport (notably, Formula 1 and athletics are known for potential delays due to their complex rulebooks). Only when the official result is confirmed and the betting winnings are recorded in the betting account can the withdrawal request be submitted by the bettor.

Before the initial withdrawal from a new betting account, the bookmaker typically verifies the identity of the bettor. It is usually sufficient to scan an ID and send it via email to the betting provider. This measure primarily ensures the security and credibility of the betting business and is often a fundamental requirement for obtaining a sports betting license from the relevant regulatory authority.

Special features of bonus payments and free bets

Bonus offers and free bets have become firmly established in the offerings of betting portals. They are issued, for example, to make new registrations more appealing or to reward members for referring friends or acquaintances. These incentives aim to attract and retain customers, providing them with additional value and enhancing their overall betting experience.

Table above: The betting provider ComeOn offers a wide range of payment methods, through which bet winnings can be withdrawn from the betting account!

If a previous bonus payment has been made, certain conditions must be met before the betting winnings can be withdrawn as real money. This will only happen once the customer has wagered the bonus and deposit multiple times within a specific timeframe, on bets with the minimum odds set by the respective platform.

For instance, the Canadian bookmaker Tipico will only pay out when the deposit and bonus have been wagered three times on a minimum odds of 2.00. Once these conditions are met, you can expect to receive your winnings promptly. It's important to note that Tipico's payout policy ensures a fair and transparent betting experience for its customers. So, if you're looking for a reputable sports betting platform with stringent requirements for cashing out, Tipico is an excellent choice. Start exploring their wide range of markets and place your bets today to take advantage of their exciting promotions and competitive odds.

The precise bonus conditions of each provider can be found in our overview of betting bonuses.

All frequently asked questions from this topic group.

Receiving sports betting payouts - how are winnings paid out?
How quickly are betting winnings paid out?
Withdrawals from betting providers without fees - withdrawing bets
Which sports betting providers reliably pay out winnings?
Why is identification necessary for a payout from a betting provider?
Sport betting guide: an overview of all frequently asked questions