American Express Betting Sites
American Express (AMEX) is perhaps the biggest payment method in the United States. It’s used by most adults, who enjoy the many perks offered by the card. One of these is the ability to use your AMEX card to make online sports bets on any legal sportsbook.
However, getting started with AMEX and online sports betting is not easy, especially if you’re a beginner. There’s just a lot to unpack; what betting sites support AMEX, how are the deposits and withdrawals, what are the charges like, are there any regulations, etc.
Fortunately, you have this guide. It covers everything you need to know about online betting and American Express.
Table of Contents
DraftKings is a well-known brand thanks to its DFS operations and roots. It has also shown the willingness to invest in promotional credits to draw new customers. This makes it one of the most popular brands for sports betting in the US. DraftKings is expanding and finding new states to serve while innovating gaming products to make the company a unique gaming platform. DraftKings accepts a wide variety of payment methods, including American Express.
How We Rate AMEX Betting Sites
We use thorough criteria to rate and rank betting sites that accept AMEX. The following factors are put into consideration;
Betting odds are a huge part of online gambling. They determine how much you might win from a particular wager. Good sportsbooks have good odds. The more competitive the betting odds, the more potential winnings they hold. Thus, we assign this measure the most weight when rating AMEX online betting sites.
How well does the online casino treat its new customers? One way to tell is by looking at the introductory offers, promos, and bonuses given to new players. These make it easier for bettors to get started by reducing the risk beginners fear so much. If the offers are good, then the sportsbook is good.
Promos and odds boost
Sportsbooks also occasionally have promotions for existing users. These promotions are an excellent way to make extra money and keep your bankroll afloat. When rating sportsbooks via this criterion, we check;
How many ongoing promotions the betting platform has,
How many ongoing odds boosts it has,
How generous the sportsbook is with its promos and odds boosts.
Generally, if a site regularly runs promos for its existing user, it’s a nice place to bet your money.
The user interface
A good sportsbook is easy to use, even for beginners. Nobody wants to bet with a platform they will struggle to understand. Thus, we check how user-friendly a betting website or mobile app is using the following factors;
How cluttered is the UI? Generally, the less clutter there is, the better the UI. A clattered UI is hard to make sense of and can easily overwhelm a beginner on the platform.
How visible is the critical information, i.e., the match, teams/players/ and odds? If they’re easy to find, more points to the sportsbook.
How smooth and convenient is the navigation to and from different sections of the betting platform?
Bettors desire to wager on a variety of sports and events. Thus, having a wide range of sports to bet on is crucial for a sportsbook. It should allow users to bet on all the major sporting events.
We also look at the different bets a sports betting site has. Generally, a good sportsbook should support all popular sports bets; moneylines, spreads, futures, parlays, props, and totals.
Placing wagers isn’t only a matter of picking the favorite and depositing your money. A lot goes into the process before making the decision. For example, you’ll want to do your research and analyze team and player statistics.
A good sportsbook provides bettors with resources containing these statistics and any other information they might need to make an informed bet. Here, we will also check the quality of these resources.
Sportsbooks should also provide bettors with resources that educate players on responsible gambling practices.
Last but not least is the customer ratings. Despite testing the platform ourselves, we also look at what customers have to say about it. Then, we compare it with what other customers say about other sportsbooks. This helps us determine how good the online betting site is for the average sports bettor.
Best Promo codes from Sportsbooks That Accept American Express
Finding an online sportsbook that accepts AMEX and has excellent bonuses and promos is great. If that’s what you’re looking for, here are the best promo codes from sportsbooks that accept AMEX deposits;
Risk-free bet up to $1000
Risk-free bets and a bet match for deposits of up to $1000
How The UIGEA Affects American Express Sports Betting Transactions
The Unlawful Internet Gambling Enforcement Act (UIGEA) is a federal banking regulation passed in 2006. Its goal is to prevent domestic financial institutions and banks from knowingly processing unregulated betting transactions.
Card payments, like Visa, MasterCard, Discover, and AMEX, fall under UIGEA. Of these, AMEX seems to be the most affected. Thus, sportsbooks using AMEX have to put measures to ensure compliance with the act. This is one of the reasons why fewer sportsbooks accept the payment method than other options.
Fortunately, it isn’t as scary as it sounds, especially for the user. The bill’s enforcement is automated since it’s impossible to track every card transaction. Thus, your AMEX deposits will only occasionally get delayed or denied, about 5% of the time.
Benefits of American Express Sports Betting
American Express has several benefits that make it quite good for use with your betting account. These include;
AMEX is well over a century old. It’s a big company widely recognized and easily trusted by many. Thus, if you go the AMEX route, you can be sure you’ll be getting excellent security from a legitimate institution.
Being a trusted name, AMEX is widely accepted as a common payment method in the public and betting sphere.
Using American Express lets you enjoy some fringe benefits. For instance, users get cash back and other types of great rewards.
Disadvantages of American Express Sports Betting
American Express is not without flaws;
Fewer Sports Betting Sites
Compared to other cards, AMEX is supported by fewer sports betting sites. This is because of the higher rates and UIGEA regulations, something we will cover in a later section.
Amex Betting Sites: What You Need to Know
American Express Deposit
You need to register your AMEX card with the sportsbook before you can make a deposit. To do this, make sure you’re using a sportsbook that supports AMEX deposits. Then, go to the depositing tab and select “American Express” as your preferred payment method. Fill in the card number and date of birth, and confirm the details. You can now make deposits to your betting account through AMEX.
Deposit limits and charges
Different sportsbooks have different deposit limits. Overall, the minimum AMEX betting deposit ranges between $20 and $50, while the maximum is $1500 to $5000. Deposit charges on the bettor are minimal.
Unfortunately, sportsbooks that accept AMEX deposits don’t offer withdrawals. You’ll have to use a different method to withdraw your winnings. You can use bank wire transfer, e-wallet, debit card, money order, courier check, player transfer, or sportsbook voucher to get your payout.
This lack of support for AMEX withdrawals is due to UIGEA and excessive exposure.
American Express Sportsbook Banking Options
AMEX offers its users different online banking options for their gambling activities. You can quickly deposit money into your account regardless of the American Express card you’re using. Generally, you have the following options at your disposal;
American Express Credit Cards: The standard credit card is the most common AMEX card in use. However, it’s also more affected by UIGEA, which can sometimes lead to issues when depositing. It’s also important to note that credit transfers incur a fee of between 3.5% and 9%.
American Express Debit Cards: AMEX debit cards are prepaid cards usually issued in partnership with local financial institutions and commercial service providers. You can use yours with any online sportsbook that accepts them.
American Express Prepaid Cards: These cards are mainly used to help people build credit. Thus, you need to be careful about how much and how frequently you deposit into your betting account.
American Express Gift Cards: Legal online sportsbooks will also accept American Express gift cards. In fact, they are considered by many as the easiest way to load your betting account using AMEX because they are the least affected by UIGEA.
That depends on the sportsbook. American Express isn’t a betting platform. Rather, it’s a payment method. The sportsbook you’re using is your betting platform and will thus, determine the sport you can bet on.
Fortunately, all sportsbooks that accept AMEX deposits let you bet on sports. So you can bet on tennis, football, hockey, basketball, soccer, golf, mixed martial arts, etc. You also get popular bet types, like futures, moneylines, spreads, props, totals, and parlay bets.
The difference comes in the number of sportsbooks that support AMEX deposits. Generally, there are fewer sportsbooks that accept AMEX than there are those that accept other methods. This is primarily due to UIGEA and the costs sportsbooks incur when dealing with American Express Cards.
Yes, Paypal accepts American Express credit and debit cards. This becomes quite handy when using a sportsbook that denies AMEX deposits. All you have to do is transfer money from your card to your PayPal account and then link your PayPal to your sports betting account. After that, you can now deposit money to your betting account.
The best NFL betting sites are Caesars, BetMGM, BetRivers, FanDuel, and DraftKings.
Yeap. If the sportsbook is legal, you can bet without worrying about breaking the law.