Pari-mutuel betting, where betting odds on a given horse or dog are derived from a comparison between the total amount wagered on the animal and the total wagered on all the animals in the race. Off-track betting (OTB), where players bet on a race taking place in a location outside of where the bettor is situated.
PayPal is one of the world's most popular online payment processors, allowing users to transfer money to each other, make purchases at millions of websites, and storing money. All of these features also make PayPal betting the perfect tool for online gambling, especially in the UK.
Since just about everyone has a PayPal account and knows how to use it, betting with PayPal is a fast, simple, and trusted way to get started with online sports betting.
Our expert guide to PayPal betting sites will show you everything you need to know including:
- Just as there were two transactions with a deposit (you pay PayPal, and then they pay the betting site), there are two transactions when you make a withdrawal. PayPal will provide their banking information when you request a withdrawal, and the betting site will send your money to PayPal.
- Top Paypal betting sites 2021. Paypal betting sites will only be found in regulated markets, with this payment option abiding by all laws around the globe. This means countries like the United Kingdom, Australia and growing parts of the USA are free to sign up and deposit at Paypal betting sites.
PayPal Betting Bonuses
PayPal betting sites are always excited to get new punters. As part of their efforts to attract new members, they offer bonuses for new players that make it even easier to come away a winner.
By taking advantage of these promotions, smart bettors can increase their profits and get more value for every PayPal deposit. We help you find the biggest and most valuable bonuses so that you can get the most value out of the PayPal betting sites that you choose to play on.
These bonus offers can come in many different forms. One of the most common promotional formats is a straight matching bonus. In this promotion, you'll be given additional funds to use based on the amount you deposit. For instance, a 100% matching bonus would mean that if you deposited £500, you would receive £500 in bonus money to use on the site.
Is It Safe to Use PayPal for UK Betting Sites?
PayPal betting sites are among the safest gambling websites in the world. When you deposit via PayPal, you'll know that your deposit is protected by the same protocols as any other transaction using the service.
That includes the fact that your bank account or credit card information will never be transmitted to the PayPal bookmaker: only your account data is used for each deposit or withdrawal you make.
In addition, the PayPal betting sites we recommend use state of the art encryption and security systems to ensure that any sensitive information is protected at all times. These are the same protocols that are utilised by major financial institutions.
We also stand behind every PayPal betting site that we put on our recommended list. Our team of experts has ensured that you can trust each of the PayPal sports betting sites we recommend to you.
The Advantages of Using PayPal for Online Betting
While there are pros and cons of PayPal betting, overall we think that PayPal betting sites are some of the best options available for people who want to bet online. PayPal is a flexible option for bettors, allowing you to both deposit and withdraw funds at a moment's notice. You only have to enter your account details once and then you are able to access your funds instantly.
As mentioned above, another reason many sports bettors use PayPal is because of the reputation for security the company has. PayPal is trusted by companies and individuals a like and is responsible for securely transferring billions of dollars each year.
As a company, PayPal only makes itself available in jurisdictions where there is strict gambling licensing. For you, that means that if you can use a PayPal bookmaker, you know that they have a licence. That guarantees the site you are playing at has followed strict protocol that includes site security, data protection and fairness.
Paypal Betting Sites Usa
PayPal also provides flexibility, which is something all online bettors appreciate. Online sports betting in texas legal. You may have found better odds at an alternative site or need to move your cash from one card to another. If you use PayPal, that is easy to do.
If you want to start placing your bets right now, choose our top-rated PayPal sports betting site and see exactly why it earned our highest recommendation.
How to Use PayPal for Online Sports Betting
Before you get started, it's important to understand how to use PayPal for gambling. First, you'll need to sign up for an account at one of our recommended PayPal betting websites.
Visit the bookmaker's website and sign up for a free account. This can usually be done in a matter of moments. Just provide some basic information about yourself and choose your login details, and you'll be good to go.
Creating a PayPal account – Joining PayPal is simple and quick. It can be done in a matter of minutes. All you have to do is head to the PayPal website, create an account, add some details such as your name and email, link to a credit or debit card then verify your email. After you've completed these simple steps, you're ready to deposit.
Deposit with PayPal – Before you can start betting with PayPal, you'll need to make a deposit. To do so, first find the cashier section on the betting site. There, you will see a list of deposit options, including PayPal.
Once you choose PayPal, you'll need to specify how much you want to deposit. At that point, you'll then be taken to your PayPal account, where you'll need to log in and verify the details of your transaction. Once you've done so, your funds should be transmitted to your betting account in a matter of moments, allowing you to bet with PayPal.
PayPal Withdrawals – One of the best parts about online betting with PayPal is the fact that you can also withdraw funds through this method. Once you're ready to cash out your winnings, you can choose PayPal from the list of withdrawal options available. Let the bookmaker know how much you wish to remove from your account and provide your PayPal account data, then submit your request.
Be aware that the first time you withdraw winnings from a PayPal betting website, you'll may need to complete some 'know your customer' steps before your cash out will be processed. This may mean that you will have to provide some specific information to the bookmaker, including one or more of the following:
- Birth Certificate
- Bank Statement
- Payslip
- Photo Identification
- Utility Bill
Don't worry – this is a normal part of the withdrawal process at licensed PayPal betting sites. It is there to protect you as a player. Imagine how difficult it would be for a fraudster to withdraw your winnings if they were asked to provide that information.
PayPal Fees – Many of our users also wonder about PayPal deposit fees. Generally speaking, most bookmakers will cover these fees on deposits. However, it is possible that you will have to pay a fee imposed by PayPal itself if you choose to withdraw using this method.
Do All UK Betting Sites Accept PayPal?
PayPal betting sites aren't quite as common as bookmakers who accept other deposit options like credit cards, but there are still plenty of options for those who want to deposit via PayPal. This is especially true in the for punters in the UK, where you can choose from a wide range of UK bookmakers that accept PayPal.
This is because of PayPal's own policies, which only allow the service to be used for betting on licensed sites in areas where strong regulation of gambling exists.
PayPal betting sites aren't exactly rare, but it's still important to be sure that a bookie accepts this deposit option before you sign up for an account.
Which Countries Accept Online Betting with PayPal?
PayPal is available to use on betting websites in the following countries:
- UK
- Austria
- Belgium
- Denmark
- Finland
- France
- Greece
- Ireland
- Italy
- Portugal
- Spain
- Sweden
In all of the listed countries, online sports betting is well regulated by national law, and in many cases has been established for many years.
PayPal may be branching out into new countries soon, depending on legislation. If you are interested in using a PayPal betting site in a country that's not on this list, it's worth checking with them directly.
US Sportsbooks with PayPal
In the US, only people in states that have fully licensed online gambling are able to bet with PayPal. With current legislation, that means you can only use sportsbooks with PayPal in Nevada or New Jersey.
PayPal also provides flexibility, which is something all online bettors appreciate. Online sports betting in texas legal. You may have found better odds at an alternative site or need to move your cash from one card to another. If you use PayPal, that is easy to do.
If you want to start placing your bets right now, choose our top-rated PayPal sports betting site and see exactly why it earned our highest recommendation.
How to Use PayPal for Online Sports Betting
Before you get started, it's important to understand how to use PayPal for gambling. First, you'll need to sign up for an account at one of our recommended PayPal betting websites.
Visit the bookmaker's website and sign up for a free account. This can usually be done in a matter of moments. Just provide some basic information about yourself and choose your login details, and you'll be good to go.
Creating a PayPal account – Joining PayPal is simple and quick. It can be done in a matter of minutes. All you have to do is head to the PayPal website, create an account, add some details such as your name and email, link to a credit or debit card then verify your email. After you've completed these simple steps, you're ready to deposit.
Deposit with PayPal – Before you can start betting with PayPal, you'll need to make a deposit. To do so, first find the cashier section on the betting site. There, you will see a list of deposit options, including PayPal.
Once you choose PayPal, you'll need to specify how much you want to deposit. At that point, you'll then be taken to your PayPal account, where you'll need to log in and verify the details of your transaction. Once you've done so, your funds should be transmitted to your betting account in a matter of moments, allowing you to bet with PayPal.
PayPal Withdrawals – One of the best parts about online betting with PayPal is the fact that you can also withdraw funds through this method. Once you're ready to cash out your winnings, you can choose PayPal from the list of withdrawal options available. Let the bookmaker know how much you wish to remove from your account and provide your PayPal account data, then submit your request.
Be aware that the first time you withdraw winnings from a PayPal betting website, you'll may need to complete some 'know your customer' steps before your cash out will be processed. This may mean that you will have to provide some specific information to the bookmaker, including one or more of the following:
- Birth Certificate
- Bank Statement
- Payslip
- Photo Identification
- Utility Bill
Don't worry – this is a normal part of the withdrawal process at licensed PayPal betting sites. It is there to protect you as a player. Imagine how difficult it would be for a fraudster to withdraw your winnings if they were asked to provide that information.
PayPal Fees – Many of our users also wonder about PayPal deposit fees. Generally speaking, most bookmakers will cover these fees on deposits. However, it is possible that you will have to pay a fee imposed by PayPal itself if you choose to withdraw using this method.
Do All UK Betting Sites Accept PayPal?
PayPal betting sites aren't quite as common as bookmakers who accept other deposit options like credit cards, but there are still plenty of options for those who want to deposit via PayPal. This is especially true in the for punters in the UK, where you can choose from a wide range of UK bookmakers that accept PayPal.
This is because of PayPal's own policies, which only allow the service to be used for betting on licensed sites in areas where strong regulation of gambling exists.
PayPal betting sites aren't exactly rare, but it's still important to be sure that a bookie accepts this deposit option before you sign up for an account.
Which Countries Accept Online Betting with PayPal?
PayPal is available to use on betting websites in the following countries:
- UK
- Austria
- Belgium
- Denmark
- Finland
- France
- Greece
- Ireland
- Italy
- Portugal
- Spain
- Sweden
In all of the listed countries, online sports betting is well regulated by national law, and in many cases has been established for many years.
PayPal may be branching out into new countries soon, depending on legislation. If you are interested in using a PayPal betting site in a country that's not on this list, it's worth checking with them directly.
US Sportsbooks with PayPal
In the US, only people in states that have fully licensed online gambling are able to bet with PayPal. With current legislation, that means you can only use sportsbooks with PayPal in Nevada or New Jersey.
Paypal Betting
It's the same story no matter where you are in the world. If online gambling is legal and licensed then you can use PayPal. However, if it's not, PayPal sports betting won't be an option.
Alternatives to Online Betting with PayPal
- Debit/Credit Card – Still one of the most popular ways to fund betting accounts. Debit and credit cards are accepted by nearly all online betting sites, especially major ones.
- Skrill – Skrill is another e-wallet that is popular amongst online sports bettors. Like all e-wallets, Skrill provides users with convenience and security which is particularly important when betting online.
- Neteller – Along with PayPal and Skrill, Neteller is a commonly used e-wallet. Many sports bettors use Neteller to fund their accounts because it makes it easy to move money to and from different accounts.
- Cryptocurrency – Cryptocurrencies are becoming increasingly more common as payment methods, and online betting is no exception. The biggest cryptocurrencies and most like to be found at online betting sites are Bitcoin, Ethereum and Ripple.
How we Compare PayPal Betting Sites
We understand how important it is for you to find the best possible PayPal betting sites, which is why we take the time to review every PayPal bookmaker. To determine which bookies make the grade, we take into consideration a number of different factors. Our criteria includes:
- Bonuses and Promotions: What kinds of bonuses are available for our users? Are there any special bonuses available for betting with PayPal?
- Betting Options: How many different sports and competitions does the bookmaker offer? Do they support in-play betting? Do they offer a variety of betting markets and novelty options?
- Security: Does the site follow industry-standard procedures to make sure your data and your transactions are protected? Is the bookmaker licensed by a trusted regulator?
- Customer Service: Can you contact customer support 24/7? Are they available by live chat and other methods? Is the service team courteous, knowledgeable, and professional?
- Odds: How do the odds and payouts compare to other bookmakers? Are there any sports or specials on which punters can get better odds than normal?
Paypal Betting Sites Uk
All of these factors are considered before we recommend PayPal betting sites to you. The result is our recommended PayPal bookmaker listed above.
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Frequently Asked Questions
One of the biggest advantages of betting with PayPal is the fact that this e-wallet can be used for both deposits and withdrawals. PayPal is an excellent method for cashing out your winnings, as you can then either transfer that money to your bank account or hold it in your PayPal account for use at other betting sites in the future.
Unfortunately, not all betting sites are able to offer betting with PayPal. This is due to PayPal's own regulations, which do not allow the service to be used except in cases where they have agreed to work with a betting site that is licenced in a regulated jurisdiction such as the UK. Thankfully, that still leaves plenty of great PayPal sports betting websites for you to choose from if you live in an area where betting with PayPal is supported.
PayPal bookmakers are some of the safest betting sites on the internet. Because of PayPal's own policies, only the most trusted sites with effective oversight can accept deposits and withdrawals through their service. You can also rely on our expert reviews to make sure you only choose the best PayPal sports betting sites to play at.
Paypal Sportsbook
In almost all cases, betting sites will not charge you any PayPal deposit fees when you choose to use this funding method. In addition, most sites will also allow you to withdraw your winnings to PayPal without any added fees. However, be aware that PayPal itself does charge transaction costs that might be applied to your withdrawal and that these fees can vary depending on where you and the betting site are located.
