While there is an abundance of sportsbooks catering to casual and mid-range bettors, high stakes sportsbooks can be more difficult to find. One reason for this is that many betting sites try to abide by as many national and international laws as possible, which may prevent them from offering high stakes betting.
Best High Stakes Betting Sites
For instance, finding legal, highstakes online at USA sportsbooks can occasionally be rather difficult, whereas European bookmakers are easier to locate. Another reason why it’s rare to find high stakes on the internet is because makes up a relatively small portion of the online market. For many sportsbooks, especially smaller more localized sites, there simply might not be enough demand to offer bets above a certain threshold.
Difficulties Associated With High Stakes Gambling
This is troublesome for high stakes bettors, who are looking not just for the thrill and potential profit of wagering big, but also the superior service and special offers that high-rollers tend to receive. High stakes players are often professionals, so finding the perfect betting site is crucial to their success.
Considering this, the best sportsbooks should have top notch, and even individualized customer support. Some places allow you to put as much as $20,000 on the line. Before you even consider making a wager of this caliber, you want to ensure they are dedicated to providing you special attention.
Depositing Large Amounts
When dealing with large amounts of money, your deposit options will naturally be more limited than on betting sites with lower stakes. One of the most effective ways to transfer funds into your account is with a direct bank wire. This is a relatively simple procedure, in which you essentially remove money from your bank account and transfer it directly to your online betting account.
It is often the deposit method of choice amongst high-rollers, as it allows for the transfer of funds well above $50,000, a figure that not many payment options can match.
For this reason, most reputable websites accept bank wires as a deposit option. In some cases where you wish to deposit an especially large amount of money, you may need to contact your site’s customer support staff in order to verify your identity and ensure that the transaction is safe and secure.
American Express is also occasionally used for deposits because it offers very high credit limits to customers. Another advantage is that American Express is a trusted and reputable company, so you can be sure that your transactions will be secure. However, many sites restrict or completely disallow the use of American Express accounts, often for reasons pertaining to international law.
For instance, US gaming law prevents Americans from using American Express to make deposits to overseas bookmakers in most cases. Contact the betting site of your choice to check if American Express is an acceptable deposit method or view our list of bookmakers that accept Amex.