- Flat-fee transactions
- Deposits are reflected quickly
- High maximum transfer limits
Book to book transfers are not a commonly used deposit form for sportsbooks. But this doesn’t have anything to do with its effectiveness or ease. Rather, it’s more a reflection of how little known it remains.
To that end, many sportsbooks allow bettors to cash out this way. We say “cash out,” because you are essentially cashing out your funds from one sportsbook and transferring it to another. That is the entire model of this deposit method.
Fees for these types of transactions vary. They can be steep, but they’re usually flat rates. That’s both good and bad. The consistency is great, because it means you are not paying a higher percentage to transfer a greater amount of money. But it also means that you are paying the same rate to transfer, say, $500 that you are for sending out $5,000.
These fees typically aren’t listed on sportsbook sites. Some will put them somewhere on the payment method and/or frequently asked questions pages, but you will need to contact a sportsbooks representative most of the time to confirm the amount you’ll be charged for making a book to book transfer.
On the plus side, these book to book transfers usually don’t take long to process. The timeframe depends largely on which two sportsbooks you are interacting with, and they are not as instantaneous as debit card or credit card payments. But many sites suggest your funds can be sent from one sportsbook to another within 24 hours. That quick turnover ensures you won’t have to wait too long before you resume your betting.
For those hoping that these book to book transactions can help you collect deposit bonuses at other sportsbetting sites, you are in for a rude awakening. Even if you are a first-time user at the second sportsbook, you will not be eligible to collect a bonus on the transfer amount.
That said, certain sportsbooks will run book to book transfer specials from time to time. They might offer you a specific percentage of your deposit as a first-time bonus. Whenever you see a special listed, it’s important to contact the sportsbook to verify it. If it checks out, you’ll then want to find out more about the rollover policy for said bonus.
Betting Sites Accepting Book to Book
Some of the most popular sportsbetting sites accept book to book transfers. This includes Sportsbetting.ag, 5Dimes and BetOnline. There are others as well, most of which can be found in the below widget.
Even if your sportsbook—or a sportsbook you are interested in joining–is listed above, you should still check and make sure they accept book to book transfers. Most of the time it is not clearly stated on the website itself, hence our short list. But you can get a clear answer by talking to a customer service representative at the sportsbooks in question. These verifications don’t typically take long at all.
This holds true for repeat book to book customers as well. Sites sometimes change their policy. The folks over at 5Dimes, for example, have gone from accepting, to not accepting, to apparently accepting book to book transfers again. This fluid market for book to book transfers begs confirmation before each transaction attempt.
How To Pay With Book to Book
Funding one sportsbetting account with a book to book transfer can sometimes get complicated. However, once you understand the process and go through it a couple times, it becomes extremely easy to understand.
You will first want to confirm that the sportsbook with which you have money is willing to transfer it to another one. Even if the website indicates a willingness to allow book to book transfers, this isn’t a procedure that can be done without the help of a customer service representative.
Remember, book to book transfers don’t have you deal with a third party. This is a company on its own. You are dealing with two sportsbooks: the one you have money with, and the one you want to invest money with.
Chatting with a customer service rep online is the quickest way to get the ball rolling. If your sportsbook doesn’t offer online assistance, you will need to find their helpline number and call it.
From there, you will tell the sportsbook which site you would like to move money to. They will tell you it’s possible or it’s not. Be prepared to run into snags. They happen a lot when making deposits and withdrawals this way. Different sportsbooks accept transfers to and from different sportsbooks. That’s just how it works.
If your transfer to your desired sportsbook can be approved, the customer service rep will walk you through the next steps. They will most likely need your account number with the second site, so make sure you are registered with the sportsbook before beginning this process. It’s a good idea to test out other payment methods with the second sportsbook as well. Make sure your account is operational and ready to receive funds before testing out book to book transfers.
Any other information that is necessary will vary by the sportsbook with which you’re working. After the process is done, though, your funds will usually show up in the subsequent sportsbook account within 24 hours. If they do not show up, don’t panic. Simply wait another day or so, then contact both sportsbooks to see what is holding things up.
Before you try to make a transfer, make sure you are aware of any transfer minimums and maximums. The site you’re transferring from, for instance, may demand you outsource a minimum of $500 but a maximum of $5,000. It may be the same deal for the receiving sportsbook.
Failure to abide by these guidelines will result in a failed transaction and more time-consuming headaches for you. Be sure to do the preliminary legwork for both sportsbooks you’re dealing with before even officially starting the transfer procedure. It will make things a lot easier in the future.