Venmo Betting Sites in 2024

It’s also convenient that you can easily attach your bank account to Venmo, speeding up the entire process. If you’re lucky and have a big win, it would be nice to have quick access to your spoils as opposed to waiting weeks.

Venmo’s overall ease of access just can’t be ignored, and that’s before talking about their peer-to-peer transactions.

Pros of Venmo Betting

• super easy to use
• available for both withdrawals and deposits
• faster than a cheetah – very, very, fast

Cons of Venmo Betting

• no rewards

Top Venmo Sports Betting Sites

Venmo may not be the most widely accepted payment method out there, but there are still some fantastic bookmakers that accept it.

FanDuel: FanDuel is unquestionably one of the best sportsbooks in the world, with strong odds, great promotions, and tons of betting options.

BetMGM: BetMGM is much more than just a brick-and-mortar casino, with the bookmaker offering a complete online platform with competitive odds and a large selection of sports.

DraftKings: DraftKings has long outgrown its daily fantasy reputation and now offers one of the easiest sportsbooks to get started with. You can sign up, deposit, and place your very first bet in moments.

BetRivers: BetRivers is one of the fastest-growing sportsbooks for a reason. The bookmaker has good odds and one of the largest selections of promotions you’ll find anywhere.

Caesars: Caesars offers a refined online sportsbook with slim margins, good odds, and lots of promotions. These promotions are sport-specific and go by the name of “Quick Picks”.

Betway: As the only sportsbook not founded in the US to accept Venmo, Betway offers you access to some seriously potentially lucrative soccer odds alongside a decent overall platform.

Why Using Venmo to Fund Your Betting Account is a Smart Choice

It’s not really all that surprising that there are top betting sites using Venmo because the payment platform seems to lend itself quite well to the industry. This is because its e-wallet format works well with both deposits and withdrawals, making it a much more attractive choice than a payment method that only allows one, like credit cards.

Venmo has also come to be known for its near-instant transactions that can let you get straight into the action fast.

We really can’t stress enough how easy it is to bet with Venmo; it’s just like when you send your friend some cash for drinks at the bar.

Betting With Venmo

Although you may not gain any cash back or additional rewards with Venmo, many of us already have it on our phones, which makes betting simply easier. And even if you don’t have an account with Venmo, it should take no time at all to set up and link your banking.

Whether you’re looking for a reliable deposit method to just start betting or have some money already on a sportsbook you want to withdraw, Venmo has got you covered. Below, we’ll go through how to sign up and use Venmo on a sportsbook.

How to Sign Up for a Venmo Sportsbook and Casino

To sign up for a betting site that accepts Venmo as a payment method, follow these steps:

• Research: Begin by searching for reputable betting sites that accept Venmo as a payment option. Make sure the site is licensed and legal in your jurisdiction. You can also save yourself some time by choosing one of the bookmakers we wrote about above.
• Account creation: Visit the betting site’s official website and click on the ‘Sign Up’ or ‘Register’ button. It should be in the top right corner.
• Personal information: Provide your accurate personal information, including your name, email address, date of birth, and contact details.
• Verification: The site may require identity verification. Submit necessary documents like ID or utility bills to confirm your identity. This is done to ensure you’re not a robot sent from the future. If you are, then make sure you have the required paperwork.
• Venmo linking: In your account settings, link your Venmo account by providing your associated username or email.
• Deposit funds: After linking your money, deposit funds into your betting account using Venmo. Ensure you have a sufficient balance in your Venmo wallet but don’t bet beyond your means.
• Place Bets: With funds in your betting account, you can now explore the sportsbook or casino section and start placing smart wagers.

How to Make Deposits with Venmo

To make deposits at bookmakers using Venmo, follow these steps:

• Log in: Log in to your sportsbook account using your credentials.
• Deposit section: Steer over to the ‘Deposit’ or ‘Cashier’ section of the bookmaker’s website or app.
• Select Venmo: Choose Venmo as your deposit method from the available options.
• Enter amount: Specify the amount you wish to deposit and confirm the transaction.
• Venmo authorization: You’ll be redirected to the Venmo app or website, where you can enable the transaction by logging in and confirming the payment.
• Confirmation: Once approved, the deposit amount will be credited to your bookmaker account.

How to Make Withdrawals with Venmo

To make withdrawals from gambling sites that accept Venmo, follow these steps:

• Log in: Sign in to your gambling site account using your credentials.
• Navigate to withdrawals: Locate the ‘Withdrawal’ or ‘Cashier’ section on the gambling site.
• Choose Venmo: Select Venmo as your preferred withdrawal method from the available options.
• Specify amount: Enter the amount you wish to take out from your sportsbook account.
• Verify details: Ensure your Venmo account information is correct, including your Venmo username or email.
• Confirm withdrawal: Confirm the withdrawal request on the gambling site.
• Processing time: The processing time for Venmo withdrawals varies but typically takes 1-5 business days to reflect in your Venmo account.
• Receive funds: Once processed, you’ll receive your funds in your Venmo e-wallet, which you can then transfer to your bank account or use for other transactions.

What are the Advantages of Using Venmo for Betting?

Venmo is a strong choice when betting with a number of gambling sites, as it’s easier to use than many other payment methods. After using Venmo thoroughly on several sportsbooks, we’ve come up with three distinct advantages.

Fast Transactions

Quick transactions are always better than slow ones, as we don’t think anyone enjoys waiting around for money to transfer. In this department, Venmo rules with transactions taking mere moments. There is a reason it’s the preferred method to simply send money back and forth between friends.

Fast deposits can also help hugely when you’re trying to take advantage of live odds, as they can be time-sensitive.

You can speedily take money on and off the betting platform, which is more than you can say for many other payment options, like credit cards.

Easy to Use

Venmo is used by millions of Americans every single year, and because of this, payment type has gotten its user interface down pat – Pat Mahomes or Pat Riley, you choose. With an easy-to-understand layout, intuitive menus, and large buttons, it’s hard to get lost with the payment processor.

This can be beneficial to bettors of all levels but could be huge for newbies, as you don’t want to have the added stress of figuring out a new payment method.

Venmo doesn’t seem to complicate things; they simply offer a product that the vast majority of people can understand and use unless you are a bot from the future. In that case, welcome to Earth, and think twice before you bet the Maple Leafs to win the Stanley Cup.

Accepted at the Big Sportsbooks

While Venmo may not have found its way onto every sportsbook in the nation yet, it has won over some of the top dogs in the gambling world. This means you can still get access to the nation’s favorite bookmakers and bet with some of the best odds around.

It’s the plain truth that sportsbooks with deeper pockets can offer better promotions, and the bookmakers with Venmo are some of the biggest.

How Secure is Venmo?

Venmo has a reputation for being quite safe, as there haven’t been any real scandals involving the payment giant losing people’s money or information. The company employs industry-standard SSL encryption protocols to protect your financial data during transactions, so you don’t need to worry about it.

If you do unfortunately get your Venmo account stolen, you should be able to recover it as well, but for fraud issues, you most likely will need to contact your bank. That’s the only risk with Venmo; If someone gets your password, they could potentially drain money from your bank account. Don’t share your password, especially with bots from the future who believe the Leafs are going to win the Cup.

Does Venmo have Good Customer Service?

Venmo provides customer service primarily for issues related to their platform and transactions, rather than sports betting. Their customer service options include:

• Contact form on their website
• live chat
• Phone: 1-855-812-4430

Again, Venmo’s service is tailored more for their own platform. When facing problems related to your Venmo account, make sure you contact Venmo directly, as they are better equipped to assist you with issues such as transaction disputes or account access problems. Betting sites typically handle inquiries related to their services, odds, and bets, so it’s important to differentiate between the two.