Bovada Withdrawal Rules
When it comes to the fees though, Bovada isn’t that great as they will only cover one deposit made every 3 months. Each additional one in this time window will have to go through a 100$ processing fee. When using Bitcoin you can withdraw once every 3 days. The minimum withdraw amount is 10$ and the maximum is 9,500$. Ideally, I would like to see a few more altcoins accepted, although Bovada does allow you to withdraw by Bitcoin Cash. With regards to Bovada’s payout times, expect Bitcoin withdrawals within minutes of them being processed. If you choose to withdraw by check, expect your check within 10 days. The minimum withdrawal is $20.
- What are the withdrawal limits? Limits are based on your chosen withdrawal method as listed in the chart below:.Amount issued in maximum increments of $9,500 until you are fully paid out. Cryptocurrency limits may differ per account - see your crypto withdrawal options in the cashier for more details.
- Bovoda might give you more withdrawal options depending on the status of your account. As wire transfer has a minimum withdrawal of $1500, it’s not accessible to new users of Bovoda. The more common option is receiving payment via courier check which only has a minimum withdrawal of $100. This may take over 90 days to be processed.
Of all the online sportsbooks where American players are allowed to sign up and create accounts, they might not have a better one to do so than at Bovada. This sportsbook is all about the U.S. sports bettor, and that is evident from the ways to deposit, to the sports betting odds themselves, and all the way through to receiving a payout.
But for this purpose, we want to talk about the payout options available at Bovada. This sportsbook really makes it easy for American bettors to receive fast withdrawal when they choose to take money out from their accounts. But there is certainly some important information that players should be aware of going in, such as what methods are available, how long payouts take, fees attached, and more.
How Long Do Bovada Withdrawals Take?
The time it takes to withdrawal for Bovada users can be as little as 12 hours, or as long as four business weeks. That seems like quite a disparity doesn't it? Well, these options are not all for the same method, as Bovada offers several. Players looking to get a payout from Bovada will have to submit a request to customer service of their intent to do so. From there, the payout method is selected, and the timeframe in which the money will be received is given. Look below for more detailed info on the fastest sportsbook payments available from Bovada.
Bovada Withdrawal Options For 2019
Bovada is as good as ever in 2019, offering players the chance to get their winnings through a variety of different outlets. In total, there are four ways to receive a payout from this sportsbook. They are by way of a check or bank draft, Western Union Transfer, cash money transfer, and a bank wire.
Bovada has offered these sports betting withdrawal methods for several years, but continually try to improve the quality of service for each method, getting winning to players as fast as they can. All of these payout options are available to American players, which certainly makes it nice to take advantage of for those living in the United States.
| Bovada Payout Methods | Min. | Max. | Avg. Time It Takes | Withdrawal Fees | Available To USA? |
|---|---|---|---|---|---|
| Check Through Courier | $20 | $3,000 | Average: 2 Weeks | One Free Per Month, $50 | |
| RapidTransfer | $100 | $800 | Average: < 24 Hrs. | As Low As $20; Up To $60 | |
| MoneyTransfer | $100 | $2,000 | Average: < 24 Hrs. | As Low As $40; Up To $150 | |
| Bank Wire Transfer | $2,500 | $7,500 | Average: < 2 Wks. | One Free Per Month, $50 |
Bovada Withdrawal Policy
Bovada requires players looking to make a withdrawal from their account to visit their 'Payout' page. Here, all of the information and steps to proceed will be available. There could be some verification forms required. For example, if a player deposited with a credit card, Bovada's Credit Card Transaction Processing Agreement Verification Form may be required to verify the card a player funded their account with, prior to receiving a payout. There is a full verification form section located on site at Bovada.
Bovada takes roughly 24 hours to process a payout request that is made by a player, and once authorized, is immediately sent at the payout request that was previously made.
Bovada Withdrawal Fees
Check + Bank Draft Fees - A courier check through DHL, FedEx or UPS typically comes with a fee of less than $30, but could vary depending by the amount.
Western Union Transfer - Fees range hinging on the amount being withdrawn here. They can be anywhere from $20 to $60 going from the minimum amount of $100-$200 withdrawn, all the way up to the maximum of $800 per payout.
Cash Money Wire Transfer - The lowest fee that bettors can expect with a cash wire transfer from Bovada will be $40. The fees are higher than a Western Union Transfer, with the maximum amount going up to $150, which is charged to those receiving the highest payout of $2,000.
Bank Wire - A fee of $50 can be expected for those players who are looking to go with a bank wire. But for the amount that players can get with a bank wire at Bovada (maximum of $7,500), that fee is relatively small by comparison.
Bovada Withdrawal Limits
The limits to which bettors can withdrawal, both from a minimum and maximum standpoint go up and down with the different methods.
Check + Bank Draft - Only a $20 withdrawal is required, to a cap of $3,000 per check received from Bovada.
Western Union Transfer - At least $100 needs to be withdrawn from a Bovada account with a Western Union transfer. But if players are so inclined, they can go all the way up to $800 per transfer.
Cash Money Wire Transfer - Cash money transfer minimum payouts mirror Western Union's $100 minimum, but do go higher for max withdrawals - a $2,000 limit is set for these.
Bank Wire - Big players looking to withdraw a lot of money will be happy to go with a bank wire, with at least $2,500 needed to use this method, though extends upwards of $7,500.
Bovada Withdrawal Issues
As with any sportsbook, problems and/or questions can tend to arise when receiving a payout. And while Bovada is still one of our highest-rated online sportsbooks, if players feel the need to seek further assistance there will be plenty available on site.
Verification forms are always an important part of the payout process, and there is the potential for issues to come up here, but it will all be sorted out provided that you are able to provide the proper identification. Just make sure you have what is required going in, to avoid any problems.
If you ever need any help with payouts or anything else, please visit Bovada's homepage in order to seek support. They have numerous ways in which they can be contacted including toll-free telephone numbers for anywhere Bovada accepts players. They even have ways to contact the payment department directly should you ever need assistance.
EXPLAINED: How to win $250 Welcome Bonus at Bovada Sportsbook
We will try to answer how to win Bovada Welcome Bonus and check their promo codes.
Bookmakers attract players with all kinds of bonuses but an average bettor usually never read the rules. To win those bonuses he needs to understand their requirements and set the right strategy. Today I will explain how you can win a bonus at Bovada.
Bovada is one of the most trusted brands in sports betting world and it is especially attractive for US players.
They offer:
- 50% Sports Welcome Bonus up to $250
- $5000 Bitcoin Welcome Bonus
- $3000 Casino Welcome Bonus
- 100% Poker Welcome Bonus
- 200% up to $100 Refer-a-Friend Bonus
- Score your own points betting on sports and playing casino
In this article we will focus on 50% Sports Betting Welcome Bonus
50% Sports Welcome Bonus up to $250:
- Step one: Open account
- Step Two: Make a deposit and instantly receive a 50% bonus up to $250
- Requirements: Rollover is 5X Sports/5X Horses/30X Casino
HOW TO WIN THIS BONUS?
First of all you should be patient, because if you make a withdrawal before you met this criteria all your bonus and winnings from bonus will be fortified.
- Make a Deposit of $250.00
- Received Bonus $125.00 – (This is the money Bovada will add to your account balance)
- Your account balance after bonus $375.00 – This is the balance after you receive your bonus
- Roll-over requirements $2,062.50 – (The rule is clear: Rollover is 5X Sports/5X Horses/30X Casino on both the initial deposit and the bonus amount. Rollover in Sportsbook, for winning wagers, will be determined by the lesser of your risk or win amount at the time of wager settlement; for losing wagers your risk amount will be credited to your rollover contribution.). The formula for rollover is 5*$375*1.1. If you bet on a game with probability of 50% on their odds and their juice, you will risk $10 to win $9. If you win your roll-over is $9. If you lose your “roll-over” is $10. This is why I multiply with 1.1 to adjust the rollover number.
- Recommended stake (2%) $7.50 – (This is my recommended stake and it can be 1%, but you will need more time to complete this task. 2% is max play I recommend)
- Estimated No of bets 275 – (This is estimated number of bets you will need to make if you will bet $7.5 on every single game, which is exactly 2% of your account balance after you receive your bonus)
- Odds (-110) 1.91 – (Those are their odds on spreads and the totals. I took -110 for my calculations)
How to win this bonus?
In the table above we have different winning percentages and the profit including bonus, after you roll-over 5 times.
Here is my 3 Month plan:
- Make around 275 bets with $2.75 per play.
- Hit at least 50% of games, because if your record will be 49% you will not make a profit, despite they give you $125 of bonus.
Bovada Withdrawal Fee
Skilled bettor or lucky bettor?
Most bettors are not skilled bettors, this is why 98% of them lose on the long run. However, here we can be little bit more optimistic, because even if you are not skilled bettor and if you blindly bet on games, that have 50% of chance (in this case Bovada odds -110), then you can expect 50% result on the long run. And as you see, record of 50% will make some benefit from taking this bonus.
I would recommend:
Bovada Withdrawal Methods
- Play only -110 odds on spread and totals (NBA, NFL, NCAAF, CFB, European basketball,…).
- Bet 2% of your account balance, which will be exactly $325 after you make a deposit and immediately receive bonus.
- Don’t change the stake – always bet $7.5
- Be patient and stay disciplined until you don’t make enough bets (roll-over requirements)
- Always analyse games to increase your chances. I can show you how I do it in my Online Betting Course.