Want to know more about American Express sports betting Maryland? Wondering why not many sportsbooks accept it as a payment method? Wondering which top sites do? Well, read on. We are going to cover absolutely everything that you need to know about this prestigious payment method.
Amex sportsbooks MD
While American Express sports betting in Maryland isn’t all that common, some top sites will allow you to deposit using your Amex card. You will be able to use all cards that have the Amex logo on them. This includes credit and debit cards. It also includes any prepaid cards or gift cards that American Express has issued.
If you can find one of the top American Express betting sites, you will be pleased to know that topping up your account will be dead simple. You will have access to all of your funds within minutes.
Best American express betting sites in Maryland
If you are looking for an American Express eligible sportsbook in Maryland, it probably won’t be long before you discover that most sites do not accept it. This is because Amex charges quite high fees to process transactions, and when sportsbook profit margins are quite slim as it is, most betting companies don’t want to deal with that.
That being said, there are a few American Express sports betting sites to choose from. Luckily, these sportsbooks are some of the best in Maryland:
If you want to use your American Express card to gamble on some of the more niche sports (e.g., lacrosse or Aussie rules), then BetMGM is worth checking out. They also offer some fantastic bonuses for newcomers. This includes a risk-free bet of up to $600. You can take advantage of this using your Amex.
With thousands of betting markets open up at all times, it is no surprise that DraftKings is one of the premier sports betting sites for gambling lovers. You can use your Amex to enjoy some of the best odds in Maryland. Couple this with a welcome bonus of a risk-free bet of up to $500, and you just know that DraftKings is going to be a winner.
Sure, Caesars Sportsbook doesn’t have the largest selection of sports in MD. However, if you love your parlay bets, there is no better place to whip out your American Express card and deposit some cash into your account. There are several bonuses tied to those parlay bets, and you will always be enjoying some of the best odds in the state.
What is American Express?
American Express cards, or Amex cards as they are sometimes known, are payment cards that use the American Express payment network.
Most Amex cards are going to be credit cards. However, the company also issues debit cards and prepaid cards.
While the vast majority of American Express is going to be issued by their namesake, there are a few banks that are also allowed to issue these cards. However, they are not often given out as standard to customers. Amex cards tend to carry a bit of prestige to them, and they are often going to be issued to those that have top-level bank accounts.
The problem with American Express is that it is not a widely accepted payment method. So while there are going to be American Express sports betting sites in Maryland, they can be a bit trickier to find. In fact, they are so tricky to find that few people realize that you can actually deposit into your sportsbook account with American Express.
How to deposit using American Express
Using an Amex card for sports betting in MD is going to be as simple as making an online purchase.
Obviously, you will want to start by ensuring that your selected sportsbook accepts American Express. Check out one of the three sites listed previously if you aren’t quite sure where to head. If they do, then go ahead and make an account. You can then follow these steps to deposit cash into it:
- Login to your account
- Browse to either your profile or look for an option that says ‘Cashier’ (or something similar to that)
- Select American Express or Credit/Debit card as your payment method.
- Type in the amount of money that you want to deposit
- Go through the various security checks that may appear.
The whole process will take just a couple of minutes. You will have access to your funds right away.
How to withdraw using American Express
Amex does not support withdrawals. While you can get money back onto an Amex card through a refund, most sportsbooks will not do that. This is because the cost of refunding to an Amex is incredibly high. This means it doesn’t really make a viable withdrawal method.
There are currently no major sportsbooks in Maryland that offer prepaid Amex cards. Unfortunately, this means that you won’t be able to withdraw that way either.
The pros of using Amex
If you have an American Express card and have found a sports betting site in Maryland that you really love, then there are plenty of reasons why you will want to use your Amex over any other payment method there.
No deposit fees
Any site that offers American Express online betting in Maryland is not allowed to charge extra fees to accept American Express. This means that whatever you deposit into your account using your Amex card is exactly what you are going to be able to gamble with.
Low minimum deposits
This payment method will often have far lower minimum deposits than other payment options. This means that using an Amex can be a fantastic option for those that tend to bet with smaller amounts of cash.
Easy to use
Depositing money into your account using Amex is going to be exactly the same as making an online purchase. All you need to do is tap in your card details, and you are ready to go.
Fast to use
Amex payments process incredibly fast. Once you have made your payment, you will be able to start gambling with your funds within a couple of minutes. Get fast payouts in Maryland, with AMEX betting.
The cons of using Amex
While American Express is a great payment method to use, like all things, there are going to be a couple of downsides.
Not widely accepted
Sadly, American Express is not widely accepted by sports betting sites in MD. Earlier on, we did list three brilliant sportsbooks that accept Amex. We suggest that you use one of those. It is going to save you a lot of time trying to track down a site that accepts American Express.
Remember, just because a site says that it accepts credit; debit cards, it does not necessarily mean that American Express is supported. This is because it operates slightly differently from your typical card.
Other options available for banking in Maryland are:
Can’t withdraw to Amex
Amex cards do not support withdrawals. This means that you will need to have a backup withdrawal method in place if you are planning on using an American Express online betting site in Maryland.
Some banks do not allow sports betting with credit cards
If you have been issued with a credit card from a bank instead of American Express, you sometimes find that you can’t use it for betting. This is because many card issuers do not want to extend a credit line to people who are gambling. You will have to check the terms and conditions of your credit card to find out whether this is the case for your bank.
FAQ’s About American Express betting Maryland
Why do some sportsbooks not accept American Express in Maryland?
American Express operates on a non-standard payment network. This can make it incredibly tough for sportsbooks to implement American Express payments onto their site. It often isn’t worth their time either since many people have cards that aren’t American Express. The fees for processing American Express are a lot higher too. This can cut into profits.
Is it safe to use American Express at betting sites in Maryland?
Yes. If you do your research and choose the best American Express betting sites, then you are completely safe. American Express also offers a fantastic protection system just in case you run into any trouble outside of your control.
Can you use prepaid American Express cards when gambling?
If you have a prepaid card, then you will be able to use them at all sites that accept Amex. This is because the card numbers are the same as a standard American Express credit card. In fact, the sportsbook won’t even be able to tell that you are using a prepaid card.
Why do sportsbooks not allow you to withdraw using American Express?
The American Express system is not set up to allow withdrawals to American Express cards. The only way withdrawals can be processed is as a refund, and sportsbooks cannot refund more than you deposited. The fees for refunding are also incredibly high.
Are there any fees for using American Express while gambling?
There shouldn’t be. Companies are not supposed to pass on the fees for using American Express to their customers. This means that what you deposit into your account is exactly what you are going to have to bet with. However, do bear in mind that there may be fees on your end—for example, interest rates when using a credit card.