High Stakes Sports Betting: Sportsbook With the Highest Limits
Ready to bet big? In this article, we’re going to show you the best online sportsbooks for high-stakes sports betting. Most sports bettors are hobbyists who wager a few hundred, at most a few thousand dollars, a month.
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But what about the people with deep pockets who love the thrill of high-limit betting? Taking a hunch on a horse race, a ball game, a single play or elaborate parlay, and betting thousands of dollars or more at once?
The thrill of victory and a shower of money. The despair of a loss and a big chunk of cash you will never see again. In either case, it’s a rush. One thing’s for sure — life isn’t dull when you bet big.
What is High-Stakes Online Betting?
The betting limits vary from sportsbook to sportsbook. If you’ve got a knack for picking games and you want to make potentially big money, though, high-stakes online betting is for you.
High-stakes bettors wager thousands of dollars per ticket at a time. Some do this as a hobby or as a way of making money. Some do it just for fun or to win bragging rights among friends. Others have turned their high-stakes betting into a lucrative career. But, no matter your goal, these sportsbooks offer great betting opportunities.
The Top High-Stakes Sportsbooks
Suppose you can find somewhere to place those bets. Most online sportsbooks aggressively limit the size of the wagers that they will accept, usually to a few thousand dollars. You’re lucky if you can find a sportsbook that will take bets up to $5,000, especially a US-facing site.
Even European or offshore sports betting sites will not accept a bet they can’t cover. But a few substantial online sports bets will take action. On these online sportsbooks, you can bet the price of a brand new automobile, even a luxury automobile, on a single event.
It is one of the oldest and most respected bookmakers in the world, in the game since 1934. Based in London, the brand has changed hands multiple times and was acquired by Caesars Entertainment. In other words, this is a sportsbook with the reputation and the resources to back it up. William Hill will accept bets up to $500,000 and does not lower the limit for professional bettors. Bets at this level are rare, but they do happen.
The minimum bet is $1, and the maximum bet is a whopping $500,000. At William Hill’s sports betting site, you can wager on football, baseball, basketball, soccer, tennis, boxing, and just about any sport you can think of, including all major U.S. sports.
You can even wager on the Oscars, which is a rare chance to do so at an unlicensed online casino site. William Hill has the best payouts and fastest withdrawals in the industry, making it #1 for high-stakes players.
Previously owned by Hilton, Ladbrokes started as Hilton Group plc. The company has been in business since 1999 and operates out of London. Ladbrokes will accept maximum bets of $500,000, but they reduce the limits for professional bettors and price-traded bettors.
The minimum bet is a reasonable $5. You can make wagers on traditional sports, plus some less common ones like billiards and darts betting. On the other hand, no Oscars or The X Factor bets here.
Unfortunately, Ladbrokes is not as reliable as other bookmakers in the industry when it comes to withdrawals. This is particularly true if you are a price-traded bettor (give more than you take in) because your limits will be reduced.
In business since 2000, Bet365 is based in London and went on to win multiple industry awards in 2010, 2011, and 2012. However, several high-profile cases of unwillingness to pay out ultra-high winnings should give bettors pause. Still, Bet365 is known to pay winnings up to $1,000,000 in winnings on soccer and horse races, as well as six-figure payouts for many other sports.
The minimum bet at Bet365 makes it easy for hobby bettors to get involved. The maximum bet you can make with this bookmaker is astronomical! If you have enough money in your account, then definitely go for it. There are many events on which to place a high-stakes wager, and the odds are competitive.
Based in Quebec, Canada, Bovada is a popular sports betting platform for US players and has an excellent reputation for customer service and on-time payment. While the limits aren’t as lofty as the European and offshore providers, and while they may reduce their limits for professional bettors, you can place bets up to $15,000 through Bovada.
Headquartered in Panama City and business since 2006, BetOnline carved out some headlines by being the first online sportsbook to accept a bet from the summit of Mount Everest. The sportsbook is well known for its easy verification process and transactions. The sportsbook is not registered with GamStop. Closer to sea level, BetOnline will accept bets up to $15,000.
Founded in Costa Rica in 1996, 5Dimes offers responsive customer service and accepts bitcoin deposits of up to $10,000 and bets up to $15,000. With cryptocurrency betting, you can enjoy the front-end of a brand new area of online wagering in the digital market.
Pinnacle Sports – The Best Choice For High Limit Betting
In business since 1998, Pinnacle is licensed in Curacao and available in over 100 markets. They are known for their slogan “Winners are Welcome,” and they put their money where their mouth is. They have been known to accept maximum bets up to $40,000. Best of all, they do not lower their limits for professional sports bettors and those who practice arbitrage betting.
Pinnacle is the top sports betting site on the internet for high-limit wagering because they do not lower their maximum bets. You can bet big if you have enough money in your account to cover it and if you follow the rules of discretion. Pinnacle offers some of the best payouts in the industry and has the fastest withdrawals.
If you are looking for the best sports betting site for high-stakes wagering, Pinnacle is your one-stop-shop.
What to Look For in a High Limit Betting Site
Not all high-stakes sportsbooks are equally worthy of your big bets. When considering an online sportsbook to go large in, pay attention to the following policies and qualities:
To place a big bet, you need to have an outstanding balance in your bankroll. Even if you find bookies that accept high stakes, they may not accept extensive deposits. Depending on the method of deposit, the book might only accept deposits of up to $1,000. Even if they get bets up to $15,000, it might take weeks to build up the bankroll. Keep this in mind if your big bet is time-sensitive. Some sportsbooks with high limit betting accept more extensive deposits from alternative deposit methods, like bitcoin.
Big bets can also mean hefty fees. When your bets start to push into the tens or hundreds of thousands of dollars, those fees can add up, taking a big chunk out of the action. So before you place a big bet:
- Make sure you know how much you will be paying in fees.
- Look for bookmakers that accept high stakes with no fees or a flat fee.
- Watch out for percentage fees.
Even a tiny percentage of a big bet is serious money.
When big money is at stake, you want to know that you will get your money out — fast — if you want it out. So carefully check your chosen sportsbook’s policies (and, more importantly, reputation) for paying out and paying out quickly. If possible, find out if their policies or reputation change when the payouts push into five or more figures.
In the same way that some sportsbooks limit how much you can deposit, they may also determine how much you withdraw. So even a sportsbook with a reputation for fast payout might take a long time getting you your winnings if they limit daily withdrawals.
Not all betting sites that accept high stakes offer the same odds. For example, the industry-standard margin on soccer events is 6%, but some high-roller sportsbooks offer margins as low as 2%. That’s a lot of money to leave on the table if we’re talking about 4% of five or six figures on high-stakes soccer betting.
Just like at a casino or racetrack, online sportsbooks tend to offer juicy perks to people who bet big. So make sure to check out the VIP program of the sportsbooks you are considering — the bonuses can be well worth the business, even if the sportsbook doesn’t offer the fees or margins you want to see.
Watch Out! What to Avoid in a High Stakes Betting Site
To place big bets, you need to be able to trust the site with your money. Unfortunately, while it may seem obvious, many people overlook factors affecting their trust in a sportsbook when pushing into high-stakes territory.
Avoid Scam Sites at All Cost.
If someone sends you an e-mail offering you a sportsbook account with no signup, no deposit, and a $1,000,000.00 in credit, it’s probably trying to scam you. Unfortunately, these sites have gotten so bad that they can’t get the most basic directions right.
No Deposit Match Bonuses are for Low Limit Bettors.
Just because you have been given a $1,000,000.00 sportsbook account with no deposit doesn’t mean you should bet all of it at once. These bonuses are designed to get people in the door, so they can clean out their bankrolls and leave without any withdrawals.
No Deposit Bonuses Expire Quickly.
Most of these bets are limited to a few hours or days. Because of this, you’ll need to move quickly if you want the total bonus. If they do expire, you will likely end up losing your winnings anyway when they find that no deposit bonus codes have been used before on their accounts.
Don’t Chase Losses for Short Term Gains.
The urge to chase losses is a common handicapping pitfall for even the most experienced bettors. But, unfortunately, you may lose trying to get those last few points back, and you may be on the wrong end of a bad beat in the long run.
Be Wary Of Paying With Alternative Deposit Methods.
The biggest reason bookmakers don’t like alternative payment methods is that they want to keep your money. So if a site accepts Moneygram or Western Union, it is probably because people try to get their money out and can’t.
Accept Poker Site Reputations At Face Value – They Are Accurate!
Be wary of sites with low-volume and soft players – you should only play at poker sites that have active communities, regularly scheduled tournaments, and exciting promotions.
Online betting site reputation is crucial because it enables the monitoring of which sites are trustworthy. It also allows you to know the long-term profitability of competing sites.
How to Get Started with High-Stakes Sports Betting Sites
Are you ready to get started betting online? While you may not make a fortune overnight, the money you do make will usually be a lot faster than if you bet in person. Once you have made some bets, you will start to familiarize yourself with the process of online betting; and once that happens, it isn’t easy to go back to high-stakes sportsbooks.
After all, what fun would it be if no one knew about your bets but you?
5 Steps to Get Started High-Stakes Sports Betting Online
Step 1. Understanding the Basics: The first step is to break down the process of online betting; you don’t need to know every little detail, but you should understand the basics to start to get a feel for how it works.
Step 2. Finding the Right Platform: As you begin to understand how online betting works, you should start looking at some of the available platforms that allow high-stakes bettors to place their bets with confidence.
Step 3. Creating an Account: Once you find a sportsbook to your liking, it is time to open an account and deposit winnings.
Step 4. Set Up Your Bankroll Management Plan: Once you have found a sportsbook that fits your needs, it is time to get started betting online. You will want to set up a bankroll management plan to make the most of your money.
Step 5. Start Betting: Now, we’re ready to start making bets! There are some crucial pieces of information that you should remember when you place your first bet online.
10 Tips to Increase Your High Stakes Betting Success
If you want to have success betting online, there are some things that you will need to know. Here is a list of tips for getting the most from your online sportsbook:
Make sure that you have the right sportsbook.
Before signing up with any online sportsbooks, make sure it has all the features you want. The better the online sportsbook, the easier it is to make money.
Find out if they have live betting options.
Some sites specialize in high-stakes customers and offer either free or low-cost access to a real-time wagering platform. These platforms are beneficial for any bettor looking to place bets in real-time.
Sign up for a sportsbook bonus with your deposit.
Why not sign up for a sportsbook bonus when you make your initial deposit? When you do so, you will be able to get more money from the sportsbook than if you did not sign up with a sportsbook bonus.
Often, people don’t sign up for a sportsbook bonus because they are afraid it will affect their winnings. However, this is not true-these bonuses apply to your initial deposit and not your winnings, so they do not affect the amount you’ll be able to claim in your winnings.
Keep track of all open bets.
You should always keep track of all bets that you have open with any sportsbook. This will help you monitor your earnings and ensure that you don’t make a mistake when betting.
Stay up on the long-term trends of your favorite teams or players.
If you like to bet on a team, make sure that they win more than they are losing. If you want to bet on a player, make sure that they perform well in the long term, not just at one game.
Find out if there are any promotions for high-rollers.
Many sportsbooks have special promotions and bonuses for high-stakes players, so make sure to look into this if you are betting at high levels.
Sign up for an additional account with the high-stakes sports betting site.
Each of your accounts will usually have different limits, so by opening multiple accounts with one sportsbook, you can manage to bet more without going over the limit set by that particular site for your account.
Find a sportsbook that is licensed in your country of residence.
Sportsbooks that are not licensed in the same country you are playing from could be outlawed by the government or restricted by other laws and regulations.
Make sure that you know how each bet will affect your balance.
Different types of bets have different effects on your balance. For example, some bets are taken out of your account immediately, others will be taken as soon as the wager is confirmed, and others will only affect your balance if you win them.
Monitor your betting activity with a spreadsheet or other tracking device.
You should always keep track of the numbers that are associated with every bet that you make. This will help you track how much money you are making and how much money you have leftover for future bets.
While these tips won’t guarantee that you’ll land a life-changing jackpot with your online betting, they will help you get the most out of your time and money while also ensuring that you are playing by the rules and getting the highest limits for every bet that you place.