High Stakes Sports Betting Sites for 2018
Every bettor has an internal definition of "high stakes," which tends to come from their own internal levels of comfort with risk. We all see it when we talk to other bettors about wagers they have made... some flinch at the $100 mark, others at the $1,000. However, these numbers are tiny compared to the amounts being thrown around by the serious high stakes sports bettors. These players can be looking for anywhere from five- to seven-figure bets on each individual game.
Now, in places like Las Vegas, the sportsbooks are equipped to take this kind of action. But what if a player wants to make their big bets online? We are going to take a look at the best high stakes sports betting sites - how to find them, what to look for, and how to go about placing these massive wagers.
To start, we thought we would provide you with a list we have compiled of our most recommended sites for high stakes sports betting. This list is a result of our extensive research into every site we can find, and our honest, in-depth reviews, which you can sample below.
|Rank||US Betting Site||Sign Up Bonus||Get Started|
|#1||SportsBetting.ag||75% up to $1,000||Visit Site|
|#2||BetOnline||50% up to $2,500||Visit Site|
|#3||Bovada||100% up to $250||Visit Site|
|#4||GTbets||100% up to $500||Visit Site|
|#5||MyBookie.ag||100% up to $1,000||Visit Site|
What Makes These High Stakes Betting Sites the Best?
How did we determine which high stakes betting sites to put on our recommended list? There are a few factors that we take into consideration when reviewing sportsbooks sites, especially when looking at them as an option for high stakes bettors.
Let's start here. If you read our reviews, you can determine very quickly what sites we consider to be the most reputable. As our team of experts is tasked with providing honest reviews, we have no problem telling you when you should stay away from a site, especially if you are planning to post up a considerable sum of money.
The reviews above are up to date and take into consideration all factors that go into any of our reviews. Most importantly, we have scoured the internet to find holes in each site's reputation.
This one seems like a no-brainer to us. If you are looking for the best high stakes betting sites, you have to find one that will accept your money! In most cases, you will have to send a bank wire to the site, which is no issue. However, to top up your account or to make a quick wager, you also want to find the sites with the highest limits for credit card and e-wallet transactions. Some sites will take up to five-digit deposits via these methods.
Now that you have found a site that is reputable and that will accept your money, you need to find one that has the bet and payout limits that best suit your gambling needs. It is important to remember that there is a difference between the maximum bet limit and the maximum payout. Many sites will allow bets into the five-figure range. However, these same sites have a maximum payout per wager which may be lower than the odds themselves.
The best sites are those that do not have a limit on what you can win, especially when you are betting such high amounts. Even if the site has a posted set of limits, it is worth your time to give them a call to explain your situation.
This may be the largest snag for any high stakes sports bettor. Most sites have large deposit maximums but match that with terribly low withdrawal limits. As a high stakes gambler, you should be afforded a much higher limit, and you want to be looking for sites that pay out on a rolling 24-hour cycle. The worst feeling is having taken a site for hundreds of thousands of dollars and then not knowing when you can access your cash.
Setting Up a High Stakes Sports Betting Account
Here are some steps you can take to set up a high stakes betting account, taken from information gathered by interviewing some of the bigger bettors we know.
Do your research
If you are on this page, then you have already taken a huge step in completing this first task. Knowledge is key, and when we are talking about these sums of money, a site shouldn't give you any concerns whatsoever. We are adamant about this: you need to do as much research as you can to be able to make an informed decision on where to play.
Call Your Bank
This one might seem silly, but you want to make sure your bank isn't the one holding up your deposit, or else you may miss out on a big winning wager! A courtesy call to your bank to let them know about the upcoming transactions as well as gathering all the information you need is a worthwhile use of your time.
Set the Terms
The next thing we suggest you do is to pick up the phone and call the site. You want to let the site know that you are planning to make a large deposit, but before you do, you need to have all the ground rules set. This includes bet limits, payout limits, and withdrawal steps. This is a crucial step - you want someone on the betting site's side to acknowledge who you are and agree to terms. Don't worry - you aren't likely the first person to do this, so the site will be ready to handle your requests.
Find Out Your VIP Status
Most betting sites have VIP programs that are designed for the small to the mid-range gambler. The best betting sites for high stakes bettors will be the ones that offer you a VIP reward that matches the amount you are planning to bet. This may be as simple as putting you in the highest echelon of their program, or by offering you perks above and beyond for reaching some betting milestones. This could include gifts, trips, cashback, or match bonuses. Regardless of what the reward is, all of it goes straight to your bottom line and can be the difference between being a winning or losing player.
Ensure You Have a Direct Line of Communication
Most sites have a VIP team dedicated to their best players. However, if you are planning to bet tens of thousands of dollars a day, you should be requesting one dedicated line which is answered 24 hours a day by someone who will handle your account. Most of these sites are based offshore, and the added expense of staffing this line is negligible at best. It's an added value proposition, but one we think the bets betting sites should offer their high stakes players.
The Downside of High Stakes Sports Betting
While all this talk about betting thousands of dollars on an individual sporting event is exciting, it is important to remember that it also involves a lot of risk. The best sports gamblers have a winning percentage that hovers around 60%, so that can mean a lot of losing along the way.
While we recognize that everyone's situation is different, the same principles of betting apply to all. You should never bet beyond your means. The highest-stakes sports bettors we know never bet more than 5% of their balance on one game. While the temptation is there, you cannot control the outcome of a match, and betting too much can be devastating to anyone.
We have a full section on responsible gambling on this site, and the betting site you choose should also have safeguards in place to protect players and themselves. The bottom line is that we want you to be careful while enjoying your time gambling online.
Well, any sort of gambling, whether live or online, comes with some risks. The anonymity of online sites has often been a source of fear and concern amongst players. These days, high stakes bettors are given a direct line to management at a reputable site, which alleviates a lot of stress. The reviews that we complete on our site should also help players feel more secure in making large deposits with these betting sites.
This will be up to the site you choose to bet with. We have heard of high stakes sports betting sites that accept six-figure wagers online, but again, each situation is different, and the limits were likely negotiated beforehand between the site and the player.
This again is something you want to research on each possible site. Fees can often be a considerable cost, in some cases up to 10% of the deposit. So, you want to be looking for sites that will waive the fee altogether, or in a worst-case scenario will charge a flat rate regardless of the deposit size.
The best bets are always the ones that give you the best odds of winning, of course! Seriously, though, you should be looking at the betting lines a site puts out, and also the fees they charge on the bet. Some sites will charge a much smaller vig on high stakes wagers, and that money goes right to the ROI of your betting activity. Make sure to shop around and to ask your chosen betting site if there are different odds for the public and sharps.