BetRivers is a good prepaid gift card betting site. The bookie has good odds and bet variety and grants new users a deposit match of up to $250. You can use your Game on gift card or Visa prepaid gift card to deposit funds to your BetRivers betting account.

How we rate prepaid card betting sites

All the top online betting sites have the following features in common;

Good odds

Good odds on an online sportsbook are a chance to win big. This is something all sports bettors will appreciate irrespective of the bet amount being placed. So, the better the odds, the higher we’ll rate the sportsbook.

Bet variety

Bettors also want bet variety. They should be able to make different types of bets across various sports. Thus, a top online betting site will have spreads, moneylines, props, totals, futures, and parlay bets. Handicappers should also be able to wager on games and events across all the major leagues, from the NFL, NHL, and NBA, to the MLS, MMA, NCAA, tennis, and golf tournaments.

Bonuses and rewards

Bonuses and rewards make betting exciting on a platform. For these, sportsbooks usually run two types of promotions;

• Intro promos: These are for new bettors. They include things like a deposit match and free bets and are designed to make a beginner’s first steps in online sports betting less risky.
• Regular promos: These are for people who bet regularly on a sports betting site. They include odds boosts and bonuses and are designed to keep things interesting.

Legitimacy and security

Sportsbooks store your personal information and, sometimes, your banking data. Thus, it’s essential that the online betting site you sign up for is secure. One way to tell this is by looking at whether it operates legally in the United States. Generally, legal sportsbooks promise the best security for your data. You’re also assured that you will receive your payout if you win.

Customer reviews

Although we test all the sportsbooks we recommend, social proof gives us insight into the public’s overall opinion of a sportsbook. This makes it easier to recommend a sportsbook to our readers. It goes without saying that the best online sportsbook will have positive reviews and ratings.

Depositing with Prepaid Gift Cards

First, you’ll need to go to a retailer and purchase your gift card. After that;

• Log into your sportsbook and visit the ‘Cashier’ section
• Select deposit and choose “Gift Card” as your preferred deposit option
• Input the gift card information (usually in the form of a pin) to redeem the card
• The amount on the gift card will be credited to your online betting account

Withdrawing with a Prepaid Gift Card

You cannot withdraw directly from your sportsbook to your gift card (even if its a reloadable card) even if you used it to make the initial deposit. Thus, you’ll have to use a different payment method to withdraw your payout. The quickest, most preferred methods involve using eWallets like PayPal and Skrill or doing a bank transfer.

Prepaid Gift Card Processing Times

Gift Card deposits don’t take long to process. Your gift card amount should be credited to your betting account immediately after confirming the transaction.

Advantages When Betting With Prepaid Cards At Online Sportsbooks

No Sign Ups

You don’t need to follow a complicated sign-up process when buying or using a gift card. There is no need to open an account while filling out a long form; you simply buy a gift card and redeem it at your online sports betting site.

Private and Secure

Bettors don’t have to give up banking information when using prepaid gift cards, which makes it secure. You’re at zero risk of losing your money and data to hackers. The only way someone steals money from you is if they steal the physical card from you. Furthermore, you get to keep your betting activities private. This is because you won’t be linking your bank account to an online sportsbook. Thus, the bank- and in turn, the authorities- won’t be able to track your betting activities.

High Acceptance Rate

Prepaid gift cards enjoy a higher acceptance rate than other payment options. In fact, your Visa, MasterCard, or Game On gift card will rarely ever be rejected by your sportsbook. And it’s even better if you’re using a sportsbook-specific prepaid gift card on the intended sportsbook. So, if you have been having trouble with other deposit methods, this is the best option for you.

Antidote to Overspending

Gift cards can help you mitigate overspending, especially if you’re coming from other deposit methods like bank transfer and a personal credit or debit card. This is because once you purchase a gift card, you’re limited to how much money you can deposit. So, you’re less likely to go ahead and wager with more than you had initially planned.

Fast and Instant

Gift card deposits are fast. Once you confirm the transaction, the amount will be credited to your betting account almost immediately.

Disadvantages When Betting With Prepaid Gift Cards

Cannot Be Used As A Payout Method

For all their speed, privacy, and convenience, gift cards cannot be used as a withdrawal method. Thus, you’ll have to use a different channel to withdraw your money, like PayPal, Skrill, ACH, or bank transfers. These withdrawals take 2-5 days to complete.

There Can Be Fees

Prepaid gift cards carry fees that can reach well over $5 per transaction. In this regard, they lag behind cheaper options, like debit cards.

Lower deposit limits

Prepaid gift cards carry relatively low deposit limits. For instance, the average upper limit stands at $500. This is less than what other methods offer, which can go as high as $5,000.

Best Prepaid Gift Card Alternatives

Other alternative methods to make deposits include debit cards, bank transfers, ACH, skrill, and PayPal. However, if you want something that gives you a similar experience, you can go for other prepaid Visa cards like virtual prepaid cards, or use PayNearMe. These afford you the same unique benefits, i.e., privacy, and are also an excellent way to prevent overspending.