Reduce your online sports betting account balance in the next two weeks!
It is widely known that in the world of sports betting, football is king! certainly, college football provides huge betting handle for sportsbooks, but it is really the NFL that drives bets and profits for gambling houses that cater to U.S. players.
According to our sources, more than half of their active bettors only bet on football. And so, sportsbooks online typically lose much of their clientele after the Super Bowl, leading to a withdrawal rush after the Big Game.
Since many international books have gone to Bitcoin as a payout method, most places can pay out rather quickly. But, with the pandemic still raging around the world and many employees still working from home, payout times are not as quick at many of the big houses as in previous years. Typical wait time for a payout via BTC ranges from 24 hours to a few days. In the wake of the largest NFL betting event of the year, players should not expect payouts to arrive in time-frames they are used to. Expect to add 24 to 72 hours to any payout requests.
Post Super Bowl Payout Advice
If players have more than their average weekend wagering budget in their accounts, the next two weeks are the time to pull some dough out. Why wait in line with half of the players online to get paid, when these next two weeks are ripe to get money out? Sportsbooks will take in funds from new players and depositors who want to wager on SB LV, so they will be flush with cash. It is the perfect time for players to withdraw some of their bankroll, rather than wait in line after Feb 7th!
Many of the sportsbooks we speak with on a regular basis downplay the rush for payouts after the football season ends. But, they have also acknowledged that in time of mainly remote staffing situations, delays are bound to occur.
"We strive to get players paid quickly, but with thousands of payouts requested over just a few days, and a limited amount of processing services, we expect our payout times to be about twice as long post-Superbowl," one operator, who obviously wants to remain anonymous, told us.
And the same will most likely hold true for newly minted books in the U.S. Many sportsbooks have only been open a short while and sportsbooks in places like Colorado, Tennessee and Virginia have never been through a Super Bowl betting Sunday, let alone the payout rush after.
We urge players who have large bankrolls to whittle down the amount in their accounts. Certainly, players should leave enough money to wager on props, sides and totals (no coin toss please!) for February 7th, but if football is the only sport wagered on, grab some dough out early.
And for those who want to wager on March Madness, most online sportsbooks will offer a bonus for the largest betting event in basketball.