How Do Sports Betting Sites Payout?

Quick Answer

Sports betting sites payout once you’ve scored some winnings and completed all the necessary requirements. This usually consists of satisfying account verifications and a playthrough if you have claimed a bonus. Once done, here are the steps to take: 

1. Log into your sportsbook account and go to the cashier section.

2. Select the Withdrawal tab and choose your payment method.

3. Enter the amount you want to cash out within the supported limits.

4. Provide information for your payment method .

5. Approve the request by entering your password or other necessary security check.

6. Submit and wait for the platform to process.

How long it takes to get your payout will depend on the sportsbook and payment method. Usually, e-wallets and cryptocurrency are confirmed within 24 hours, while debit cards and bank transfers take 1 to 5 days. If you have any issues or delays, contact the bookmaker’s customer support team for resolution.

Step-by-Step Guide to Requesting a Payout at Irish Betting Sites

Now you know the various methods by which sports betting sites payout, here’s an easy guide on how to request a withdrawal: 

1. Log into your account: First, you must log in with the Irish bookmaker. So, load up the site and enter your username and password. 

2. Switch to the payout section: From your dashboard, click on your account or profile icon. You should find a Payment or Cashier option. Click on it, then select the withdrawal tab.

3. Choose your payment method: You’ll usually find all the payment options in a list. Scroll until you find the one you want, then select it. 

4. Enter the amount you want to withdraw: You must ensure the sum is within the limits of your selected payment method. Based on our industry knowledge, each has its minimum and maximum limits, but you can find them as low as €10.

5. Provide details for your payment method: This is arguably the most crucial step. We must emphasise the need to be careful while providing your payment info to ensure there’s no error. If the bookmaker sends the money to the wrong account, you may never get it back. 

6. Authorise and submit: Most betting sites require your password or an OTP sent to your phone number or email to approve payouts. Whichever, follow the instructions and confirm the request. Then, you can submit. 

Now, hold on for the sportsbook to process and send your money. 

When Will You Receive the Payout? 

Many factors come into play regarding when you’ll receive your money from a sports betting site. Most platforms have an internal confirmation period, usually within 0 to 48 hours. During this period, the Irish bookmaker will review your request and confirm that your winnings are authentic. Also, the platform will check if you meet all the necessary terms and conditions. 

Once cleared, the site will send the payment; the subsequent transaction time will depend on your payment method. Drawing from our experience, here’s the average payout time at sports betting sites in Ireland for the popular payment methods: 

• Bank cards: 1 to 5 business days 

• E-wallets: 0 to 72 hours

• Cryptocurrency: 0 to 60 minutes  

• Bank transfers: 1 to 5 business days 

You can easily check your account to track when the funds have been sent.

Payout Fees at Irish Sportsbooks 

The majority of sports betting sites we rate for payouts in Ireland don’t charge fees. As a result, you get to keep all of your money. If any fees apply, they’ll usually be minimal. You’re less likely to pay charges for options such as e-wallets and cryptocurrencies. With cards and transfers, some sites may charge 1% to 2% due to bank network charges. The best bookmakers we recommend cover these fees themselves, which is why they won't deduct your winnings.