Betus Payouts
Sports betting payouts depend on which type of odds are being used.
The important thing to note about payouts is that they often include the amount of money you put in. If you bet $170 on the Cowboys to win at -170 odds, the payout is $270. However, the profit, or amount of money you win, is $100.
Odds can refer to moneyline, spread and total bets, and they can be displayed as American, British (fractional) or European (decimal). While odds look different, they mean the same thing.
American Odds
Most sportsbooks in the United States use American Odds. The main signifiers of American odds is that they either have a plus (+) or minus (-) in front of them and are in terms of 100.
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Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds.
Plus and Minus Odds
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite or the Green Bay Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.
It's a similar case for the betting odds, though favorites don't always have a ' - ,' especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a ' - ' in front of its moneyline odds while the underdog will always have a ' + .'
For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.
For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a ' + ' in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320.
Moneyline Bets
A moneyline bet is on the straight-up winner of a game.
Moneyline bets are as straightforward as it gets in sports betting. You're betting on which side will win an event and if that side wins, you win.
Spread Bets
A spread bet is on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.
In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.
As for the odds, the most common number for spread bets is -110, but that number varies depending on the location, sportsbook and how popular each side is. The typical number is -110, which means you have to bet $110 to win $100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.
If two teams are equal, PK will be given alongside a team name which means the matchup is considered a 'pick 'em.' In this case, point spread doesn't matter as this boils down to a moneyline bet and a tie would get your money back.
Over/under (total) Bets
An over/under bet applies to the score or points in a given contest.
The below over/under table is for the Dallas Cowboys and New York Giants game.
Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary.
Decimal Odds (British)
Decimal odds are most popular in Australia, Canada, Europe and New Zealand. These odds may be the easiest of the three to understand just by looking at the numbers.
The team with the higher of the two numbers (3.10) is the underdog and the team with the lower of the numbers (1.50) is the favorite. The return can be calculated by multiplying the bet with the the decimal odds.
Fractional Odds (European)
Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.
Example odds to win the Super Bowl:
Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, 100 times 2.5 (5/2) equals 250. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds.
The word 'fee' is not something that anyone really likes to hear, but they are a part of the sports betting process online. Sportsbook withdrawal fees are something that bettors will need to look up and research prior to receiving a payout to make sure they are receiving the maximum amount of winnings, and not sacrificing unnecessarily to the fees. Visiting a page like this is a very good place to start.
SportsbookWithdrawals.com has assembled important information on payout fees that come along with the specific methods that are seen most often at the sites. In addition to that, the most popular online betting sites that have many different payout methods to choose from are covered as well including all the fees for those sites. By the time you are done reading this page, your understanding of how the payout fees work and what the range is per method should be much better.
Sports Betting Payout Fees By Withdrawal Method
Fees will be all over the place for different methods. But they don't always go up and down for the same reasons. Some can fluctuate according to the time it takes to be received. Others can move based on the amount that is being withdrawn by the bettor.
Check Thru Mail or Courier - Check payout fees are conducted through one simple manner, and that is by the time it takes to receive them. If a user wants fast sports betting payouts, then it will cost more. If they want standard delivery, then it will cost them less. Some sportsbooks have just one check option while others will have several.
Cash Transfers From Sportsbooks - A fee associated with a wire transfer is not dictated on time, but rather predicated on the amount that the bettor is choosing to withdraw. Bettors will have ranges of payouts that correlate with a fee for that range. The amount a player wants to withdraw will certainly play an important part in selection if this is the best method to go with.
Money Orders, Cashier's Check, Other Forms Of Paper Drafts - A flat fee will be issued for a money order or a cashier's check, because there aren't other ways that a betting site will choose to send it. The fee associated with it will depend on the sports betting site, as they could be different because of different payout limits.
Funds Re-Issued To Debit Cards - To receive the payout on your Visa or MasterCard debit card, a fee that depends on the amount being withdrawn will be assessed. Like a wire transfer, the amount of the payout will correspond to the payout fee.
How Does Betus Payout
Money Wired Directly To Your Bank Account - Relative to the amount of money that can be paid out through a bank wire, the fees are very little. In fact, rarely do bank wire fees exceed $50. Combine that with a payout of several thousand dollars, and it's virtually nothing.
eWallet Payout Fees - For international sportsbook not accepting USA bettors, e-wallet fees can vary depending on the company. Some e-wallets don't require a fee, while others can be a flat fee, or relate to how much is being paid out. This might be the payout method with the most variance in fees.
Withdrawal Fees Sorted By Approved Sports Gambling Websites
Bovada Sportsbook - Bovada is one of the legal sports betting websites that will actually cover one fee per calendar month for their players. Every method on site is available for this, which includes a check, Western Union transfer, and a MoneyGram. For more than one payout per month, a fee of $50 will be applied as a flat rate.
BetOnline Sportsbook - There are three check options for BetOnline. A check in the mail is a $25 standard fee, through a courier is $35, and the ExpressCheck is $50. These are all flat fees with no adjustment. A bank wire is another option, which can incur fees from $5-$75 depending on the amount. Fees for the wire transfers can go from $34 up to $85 on the amount, with Western Union and MoneyGram having different withdrawal ranges.
5Dimes Sportsbook - A certified check mailed out to the bettor will result in a fee from $40-$80, while a money order comes with a flat fee of $80. 5Dimes also has the ability to send funds back to the bank card which was used to originally fund the account, a method that carrier a fee of $15 up to $40 per transaction.
SportsBetting.ag - Fees for SportsBetting include three different checks. Receiving a check through the mail will be a $25 fee, while a courier is $35. For an ExpressCheck, tack on a $50 to accompany that. A wire transfer can see fees up to $85, while the window for a bank wire is set from $5-$75.
| More On Each Website's Payouts | Bonus | Fastest Payouts | USA Players | Visit Sportsbook |
|---|---|---|---|---|
| Bovada Sportsbook Withdrawals | $250 | Wire Transfer - 12- 24 Hrs. | Bet NOW | |
| BetOnline Sportsbook Withdrawals | $900 | Western Union - 48 Hours | Bet NOW | |
| SportsBetting.ag Withdrawals | $1,000 | Cash Wires - 72 Hours | Bet NOW | |
| 5 Dimes Withdrawals | $520 | Debit Re-Credit - 3 to 5 Days | Bet NOW |
Is Betus Legit
Can You Get A Payout From An Online Sportsbook For Free?
Payout fees at online sportsbooks can be a bit of a pain, but sportsbooks recognize this and try to help out by covering some, or providing manageable fees in the process. Sportsbooks want their players to be happy, and paying less in fees is one way to make that happen.
Betus Payout Methods
The most common way is to simply use the methods which allow all users to get one free withdrawal every so often. In some cases, this duration may be as long as a calendar month.
Betus Payout Reviews
The other route is to wager with an online sportsbook which will cover the fees for all withdrawal requests over a certain amount when using certain methods to receive payments. Check each of our reviews for this info!