Guide to UK Banking Options at Horse Betting Sites

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The best online banking and payment options

If you're after the best online banking and payment options that are accepted by horse racing betting sites, then look no further. One of the most important things that we know you need when placing online wagers on the horses is that your real money is safely transferred and securely deposited back into your account when you win. We've sorted fact from fiction bring you the best banking options for anyone looking to do some sports betting.

On this page we’ll let you know:

Which horse racing deposit options and bonuses are available in 2018

The top-rated sites for each banking option

How banking can affect bonuses

The Importance of Picking
the Right Banking Option

Picking the right banking option on horse racing sites is really important. After all, depositing is probably going to be the first thing you do after you’ve signed up with a sportsbook, so you want it to go as smoothly as possible! Pick the correct banking option and you’ll find the whole process is really easy, with low or non-existent fees and fast transaction times, but choose the incorrect option and you could find the process to be a long and expensive one.

So, if you’re new to the online horse betting world, how do you ensure you pick the correct option? The answer is simple – read through the pages dedicated to the different banking methods on this site, all of which have been created by experienced online gamblers.

Things to Consider

So, what should you consider when choosing your payment option? Well, you’ll need to think about the fees, as there are some options that charge you for using them, and you’ll also need to consider the transaction times – most methods offer instant deposits, however there are a few that could take hours, or even days. If you’re a mobile gambler, you should also check to see if you can deposit and withdraw using a smartphone or tablet. Most sites now offer this feature, however there are still a few that only offer desktop banking. Of course, all our recommended sites allow transactions to be made using a mobile though.

Editor Opinion: Why Registered Sites are Safe

You’ll notice that all real money sites we recommend are regulated by the UK Gambling Commission. This is very important. Why? Because all sites regulated by the UKGC have had their banking systems thoroughly tested, making sure all transactions are protected properly and that all player funds always remain completely safe while stored at the site. So, there’s never any need to worry about the safety of your funds when you play at an online horse betting site we’ve recommended.

The Best Banking Option for You

The best banking option for you really depends on your own personal preferences. For those looking for the highest levels of security, Paysafecard could well be the perfect choice, as there’s never any need to input card details online. If, however, you value the lowest possible fees, credit/debit cards are a great option, as it’s nearly always free to use them when depositing for horse racing betting. There are also e-wallets, such as Skrill and Neteller, which give the best of both worlds, although you will have to pay some fees for using them.

So, it’s really up to you when it comes to the depositing option you choose. To find out more about each depositing method, why not look through the various pages on this site?

How Bonuses Affect Banking

You could be forgiven for not realising that bonuses and banking options are closely linked. The fact is this though: the banking option you choose can impact heavily on the bonuses you receive. Some banking options won’t lead to any bonuses at all, and this is because the horse racing sites want to discourage you from using them, perhaps because they are charged high fees by the depositing option. Therefore, it is imperative that you look at the terms and conditions of a bonus before you place your deposit.

The Types of Bonuses

There are loads of different types of horse racing bonuses, however there are three main ones to know about. The first is the deposit bonus, and this is a bonus added to any funds you deposit at the site. This bonus will usually be expressed as a percentage. So, if you received a 100% deposit bonus and you deposited £50, you’d have a grand total of £100 to play with. Deposit bonuses are most commonly found for new players, and are sometimes referred to as a welcome bonus.

There are also no deposit bonuses, and these are generally smaller than deposit bonuses, but they’re also risk-free. Essentially, you’ll receive a real cash bonus into your sportsbook account, without ever having to deposit any money at all. This is clearly great, as it means you can bet on the horses, without having to spend any of your own money.

Finally, there are free bets, and these are similar to no deposit bonuses. They can be awarded in a number of ways though, such as with a welcome bonus or when a previous bet is unsuccessful.

Things to Look Out For

When choosing your perfect payment method, there are a few things to look for. You should always check to see if there are any fees attached to horse racing betting payouts or deposits, plus you should also check on the deposit/withdrawal times, as they can vary wildly between the different options. Also, security should be a big consideration, but you’ll find that all horse betting deposit methods listed on this site are completely safe for you to use. So, fees, speed and security are the three things to look for when choosing your banking option!

FAQ's

Banking is one of the most important and confusing decisions you’ll have to make at an online horse racing site, however there’s no need to worry, as we’re here to help. We’ve created the FAQ section below to answer some of the most common questions, but please feel free to contact us if you want to find out more.

What concerns are banking options for betting?

The banking option you choose should be of massive concern to you. Picking the correct banking option should lead to the highest amount of convenience, as well as low fees and fantastic security, but picking the wrong one can lead to the depositing and withdrawal processes being long and difficult. You can learn which method is best for you by reading through this site.

Do different banking options have different benefits?

They certainly do. Credit/debit cards have the lowest fees around, however e-wallets, such as Neteller and Skrill, are arguably more secure. Different options also have different processing times, particularly when it comes to withdrawals, as well as different minimum/maximum transactions. Also, some options are accepted at more sportsbooks than others.

Which one is the best to use?

This depends entirely on your own personal preferences. Most people choose to use credit/debit card though, as the majority of people have at least one of these, therefore they are incredibly convenient. Some people don’t like inputting card details at a sportsbook though, and if this is the case with you, an e-wallet could be a better option.

Can I use multiple banking options?

This depends entirely on your own personal preferences. Most people choose to use credit/debit card though, as the majority of people have at least one of these, therefore they are incredibly convenient. Some people don’t like inputting card details at a sportsbook though, and if this is the case with you, an e-wallet could be a better option.

Why Bet on Horses?

Everyone has their own reasons for betting on horses, however there are two main ones: excitement and profit. Gambling on a race instantly makes it more exciting, as you’ll be cheering on your chosen steed, hoping it manages to win by a nose, or possibly more! The best horse racing gambling fans will also be able to make money, studying the form carefully and consistently picking the winners.

Gamble with Your Perfect
Banking Option

When it comes to deposits and payouts for horse racing, there are loads of different options to choose from. All options listed on this site are completely safe though, so you’ll just need to choose which is the best deposit option for you. What’s more, all options on this site can be used on a desktop, mobile site or at one of the many horse racing apps, making them all perfect for players of all types. So, why not read about the different banking options, before then heading to one of our recommended sites and making a deposit?

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