On a regular basis, punters are often in search of safe and reliable bookmakers with competitive odds that can help transform passion for betting into money.
Asides various offers and promotions offered by these bookies, the availability of a secure and effective withdrawal option is a big factor you need to consider.
This is because after painstakingly selecting your games, sorting through various betting options, and investing your money, you need to be sure how to scoop your funds in case your stake comes through.
Depending on your location and the bookmaker you choose, the process of withdrawing from your betting account and the methods available varies. Also, in most cases, withdrawals are more stringent than depositing as you are required to take certain steps before accessing your funds.
Hence, you need a proper understanding of the rules attached and the process involved before investing your real cash on any site so as not to forfeit your hard earned winnings.
On this page, we’ll be taking you through basic information you need to have when you want to make withdrawal from your betting account. Also, we would be giving examples of the methods and process available on different betting site in Africa.
How to withdraw your fund?
As a betting enthusiast, you need to follow certain steps before you can withdraw funds from your betting account. They are;
1) Look for a betting site that suits your need
In searching for a favorable bookie, you must consider different factors. Our bookmaker reviews in Africa can help you make a decision.
2) Register a new account
Basically, the registration process involves you entering important details such as your name, email, phone number and also confirming you’re old enough to bet. This is in line with industry standard to ensure illegal and underage betting is discouraged.
3) Verify your account
Most bookies require you to authenticate your profile via a link or a code sent to your mail/phone number. In some cases, your valid ID or proof of address is required if you’re looking to withdraw a huge amount of money. In addition, you will need to make a deposit and place a bet.
If you land your bet, you need to consider the payment methods available!
What methods can I use to withdraw
After going through the processes explained above and placing your first bet, it is important to let you in on the various methods available in case your bet lands.
As stated earlier, the methods through which you can withdraw your winnings vary depending on the bookies you choose and your location. However, here’s a breakdown of the most common methods of withdrawal offered by top bookmakers across Africa;
This is a very common method especially among the best betting sites in Nigeria. In this case, you will be required to input your bank account number before your funds can be withdrawn. If you’re using this option, you must enter a bank account with the same name as the one you entered at the point of registration.
For instance, if you’re a Bet9ja user and you want to make a withdrawal, you can only do so via your bank account, following the process here;
- Login to your Bet9ja Account with your username and password and click ‘Withdraw’ from the ‘My Account’ menu.
- Go to ‘Manage Bank Account’ and select ‘Add Bank Account’
- Enter the account details, make sure the name tallies with the name you registered. Failure to comply with this will result in your Account being suspended until you get proof of ID and bank statement confirming your ownership of the entered bank account.
- Once the bank account has been entered, click on ‘Withdrawal’ in the ‘My Account’ menu, type the amount to withdraw and select the bank account number from the drop down list.
- Click on ‘Make Withdrawal’ button to confirm. Please note the minimum amount you can withdraw is N1,000.
- You will be prompted to choose either SMS or e-mail as the method to receive an OTP (one time password) required to authenticate your withdrawal request.
- Once the correct OTP has been entered, the withdrawal will be requested.
Meanwhile, if you’re a 1xbet user, you can follow our description of how to grab your 1xbet first deposit bonus. Also, if you’re looking to withdraw your money through bank transfer on 1xbet, follow the steps here:
- Go ‘My Account’
- Pick ‘Withdraw Funds’
- Navigate to ‘Bank Transfer’ and select your bank
- Input your bank account details
- Enter the desired amount
- Click on ‘Withdraw’ to complete the transaction
- Airtel Tigo Money
If you’re a a Betway user, you can make a withdrawal via any of these methods. Keep in mind that the option you choose will determine the processing time and whether there will be charges attached to the withdrawal.
E – Wallets
Some punters prefer to access their bet winnings through different e-wallets platforms. If you fall in this category, you can make use of the following options:
For instance, as a Melbet user, your withdrawal can be done through the e-wallet system. If you’re a newly registered user, Melbet bonus + 30% EXTRA EXCLUSIVE is available via the promo code to get extra 30%.
Wire transfer is available on Betway. On 1xbet and Melbet for instance, you can make withdrawals via your crypto wallet such as bitcoin, litecoin, ethereum and doge.
For cash, some betting sites allow you to stake in any of their physical outlets even if you don’t own an account with them. After placing your bet at the shop, the attendant gives you a slip with which you can claim your winnings if successful. The winnings can be given to you in cash or you can have it sent to your bank account.
How much can I withdraw?
The minimum or maximum amount you can withdraw depends on the bookmaker of your choice, your location and the methods you are using. For instance, Betwinner offers 225 KES as minimum for Kenyan users while maximum daily limit is KES 140,000.
Find detailed minimum and maximum withdrawal amounts on our betting site reviews!
How long does it take for withdrawals to be processed?
Depending on your country, bookie of choice and method used, the processing time for any withdrawals can range from instant, 24 hours or 3 working days.
Indeed, finding a trusted betting site that guarantees safe and prompt withdrawals can be a bit of a hassle. Based on this, we have helped you sort through some of the steps you need to follow in order to unlock the funds in your betting account without any stress.
Head over to our betting school for more tips on how to successfully navigate your betting journey
In addition, you can explore our analysis of the best welcome bonus for registration in the market.