It is the oldest currency presently in use and is the 4th most traded and used currency in the world.
The pound is also accepted by many online businesses around the world including the top international betting sites.
This would actually seem to make sense seeing that the United Kingdom is one of the biggest spenders when it comes to gambling.
Internet bookmakers do all they can to draw business and being able to bet using GBP is quite convenient for this huge gambling market.
Best Great Britain Pound Betting Sites in 01 November 2023 – Updated List
Who Can Use the Great Britain Pound to Make Sports Bets?
Anyone who has Great Britain pounds can use this currency for betting. Of course, we need to assume that the bookie accepts GBP. Many do. Sports bettors that have GBP credit/debit/prepaid cards, British pound eWallet or bank accounts can deposit into most online bookmakers. Many of these bookmakers also offer the GBP as betting currency.
Perhaps you live in a country that has another official currency but you have a pocket full of pound notes that you want to bet with? If so, you can probably go to a wire transfer and deposit these funds into a betting account, even if your sportsbook doesn’t offer a GBP betting option.
The money will be converted into a betting currency that is supported by that particular website. This thing happens even at Ethereum betting sites. Just don’t expect to get the very best exchange rate although the difference is usually minimal.
What Bookmakers Offer the Great Britain Pound as a Betting Currency?
Many of the world’s most respected online bookmakers offer GBP as betting currency. Gamblingjudge.com currently lists 97 recommended online bookies for residents of the United Kingdom and 58 of them offer the British pound betting option.
As previously mentioned, if your preferred online sportsbook does not support GBP as betting currency then you can still most likely deposit using British pounds. You will just need to place bets using another currency such as euros or American dollars.
Pinnacle, LsBet and Betworld are among the most used and most trusted bookmakers on Earth and they all offer GBP for betting currency. Marathon Bet and William Hill also support GBP for betting as do Bwin and Vernons. Other GBP betting sites include Bet at Home, Party, Ladbrokes, and 888 along with Intertops, 10Bet, and Boyle Sports.
You can easily find a sportsbook that offers pounds for betting by referring to the sortable bookmaker database at Gamblingudge.com. Simple select your country of residence and choose GBP as a betting currency. Don’t forget to collect some of the valuable bonuses that are waiting for you too.
Are there any Betting Bonuses for British Pound Deposits?
There are quite a few bonuses and incentives that are easy to claim when you deposit using GBP. You can cash in on up to £30 when you deposit using GBP at Unibet, Betfair, and Betfred and British pound deposits are eligible for up to £50 worth of bonuses at Netbet, TLC Bet, and 12Bet.
To find more great bonuses and promotions from the world’s leading GBP sports betting sites go to the promotions section at Gamblingjudge.com.
What are the Minimum and Maximum Amounts for Depositing and Withdrawing in GBP?
There are a lot of online bookies and several different payment methods which means that there is no real uniform answer to this question. Deposit and withdrawal limits depend entirely on the bookmaker and the payment processor.
Most bookmakers allow GBP betting deposits but as you will see there are different limits on each method. Mastercard and Visa holders that make deposits in pounds must fund their betting accounts with anywhere from £5 to £20,000, or smaller, like £1 deposit.
Credit card withdrawals must be between £10 and £20,000. Skrill is one of the most commonly used eWallets and deposits using this method must be at least £5 and no greater than £25,000. Withdrawals have the same limits. Paysafecard is another popular eWallet and requires a minimum GBP deposit amount of £5 while the maximum is set at £770. But you can use this payment method for other currencies, such as Czech Koruna – CZK or Bulgarian Lev(BGN).
Withdrawals must be in the range of £10 up to £2,000. The Entropay prepaid card has a minimum deposit limit of £10 and a maximum of £20,000 and the withdrawals must be between £50 and £99,999.
Let’s compare these limits with those at Pinnacle. Visa and Mastercard deposits must be between £25 and £350 per transaction but withdrawals with these credit cards aren’t allowed. Skrill requires a minimum £10 deposit and the maximum is determined by the type of account and the balance.
Withdrawals must fall between £10 and £35,000. If you use Paysafecard at Pinnacle then you must deposit between £25 and £250 per transaction while withdrawals must be at least £25 and not more than £750. Finally, GBP sportsbook deposits can be done by using Entropay.
The deposit amount needs to be as low as £25 and can be as much as £3,500 per day or £35,000 per month. Withdrawals must be at least £10 and they cannot exceed £2,000 per transaction. Entropay users can perform up to 10 transactions per day.
The discrepancy in the limits at these two excellent sportsbooks is quite typical of the disparity among internet bookmakers when it comes to payment methods and limits. The same payment processors have very different maximums and minimums.
Punters really need to check with their online bookie to find out what limits are placed on your preferred payment method.
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Frequently Asked Questions
Absolutely. Any British bookmaker that holds a UK Gambling Commission license can naturally allow GBP withdrawals. It wouldn’t be a very good British betting site if it didn’t. When it comes to offshore sites, the availability of GBP withdrawals can depend on the payment providers featured.
Yes. GBP betting sites are subject to heavy regulation and player protection. Offering responsible gambling tools and customer support is a must. You can usually obtain live chat, e-mail, FAQ, and telephone support at GBP sportsbooks.
Yes. The UK Gambling Commission is one of the most thorough and strictest regulators in the world. They demand plenty of player protection, regulation, and auditing. They check that games are fair and RNG-certified for all global players. You’d be hard-pressed to find safer betting sites anywhere.
If you’re based in the United Kingdom, PayPal is the payment method of choice. British players cannot use VISA or MasterCard credit cards, although these options can be used as a debit card.
Not really. If you want to claim a bonus in British pounds sterling, then we strongly recommend that you do that. The best GBP betting sites should easily be able to offer you a bonus in sterling from the start. Converting funds usually involves transaction fees and currency exchange charges.