Bets available

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.

Betting resources

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.

Customer ratings

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; Sportsbook States Promo BetMGM AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, WV, WY, V Risk-free bet up to $1000 Caesars AZ, CO, IL, IN, IA, LA, MI, NV, NJ, NY, PA, TN, WV, VA 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;

Trusted Name

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.

Widely Accepted

Being a trusted name, AMEX is widely accepted as a common payment method in the public and betting sphere.

Fringe Benefits

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.

AMEX Withdrawals

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.