UK Betting Sites are Outlined
United Kingdom betting sites are sportsbooks that are popular in the UK and Europe. While these sportsbooks typically specialize in European sports betting (cricket, European football, rugby), they typically feature sports from around the world like hockey, baseball and basketball. One of the largest draws to betting sites in the United Kingdom is that winnings are not subject to income tax. So if you want to avoid losing a large chunk of your winnings to the government, playing at our recommended UK sportsbooks below may be your best option. If you reside in Ireland, read our article on bookmakers catered for Irish players.
Online Betting Sites Accepting UK Players
Popular Deposit Methods
PaySafeCard only recently emerged as an online banking option in the year 2000. However, it has quickly become a viable alternative to credit card transactions and one of the most popular payment methods at UK betting websites. A PaySafeCard is a prepaid card that can be purchased at a physical location (there are currently more than 20,000 licensed dealers in the UK) and loaded with money. As this creates a separate account, there is no danger of Internet thieves accessing additional money that is placed on the card, should your account info be compromised.
This does, however, mean that you cannot make bets from your PaySafeCard based on credit. In other words, the amount of money that is on your card is the amount of money with which you can gamble. Each card is purchased with a predetermined limit and varieties of these limits are £10, £25, £50 and £75. You simply enter the card number online like you would a debit or credit card to use your PaySafeCard at a UK betting site.
Neteller is one of the most popular deposit methods in the UK. It works much like the familiar Paypal in that you can transfer funds to accepting UK online betting websites, other accounts online, or obtain a Neteller Debit Card and use your account much like you would a checking account. If you plan to transfer your British pounds to another currency (or vise versa) you will be charge a 2.5% fee. However, this should not be a problem when betting at UK betting sites.
You can deposit funds into your Neteller account by using a Visa, Mastercard or a Wire Transfer from your bank account. In addition, the funds in your online betting account can be transferred to your Neteller account and back into your personal bank account, all for minimal fees. If you set up a Neteller account and stop using it for any reason, be aware that Neteller charges a $30 fee for an inactive account after 14 months.
Some of the most popular currencies used at the best UK betting websites include:
£ British Pound
$ United States Dollar
Although most currencies can be converted by your chosen payment method or the betting site (often for a minimal fee), it can be helpful to know how to calculate conversion rates. As an example, the conversion rate of the British Pound to the United States Dollar is 1.63 to 1 (£1.63/$). To calculate how much $500 dollars would be in £, simply multiply 1.63 by 500. This would equal £815.
The opposite would mean simply dividing instead of multiplying. So, £815 / 1.63 = $500.
Find out the currency conversion rate for your chosen currency and use the same formula, only remembering to replace the applicable numbers.