Finding a site that offers Mastercard sports betting in Maryland shouldn’t be too tricky. Most sportsbooks will offer it. Although, of course, some are going to be better than others.
We want to tell you about everything that you need to know for using Mastercard for sports betting on this page. This includes a bit of information on getting money in and out of your account. We also want to discuss the pros and cons of this payment method.
Sportsbooks in MD – Mastercard
Everywhere you look in MD, you will find Mastercard sports betting Maryland. It is one of the most common deposit methods around. This isn’t surprising, really. Just about everybody will have access to a Mastercard.
This means that most people shouldn’t really have any trouble getting money into their accounts. Just make sure that you take the time to find a reputable sportsbook that you can use.
Best betting sites that accept Mastercard in MD
There are a lot of sportsbooks in Maryland that accept Mastercard for funding sports betting accounts. However, the following four are the absolute best of the best:
This is because not only do these sites accept Mastercard, but they also offer a terrific gambling experience for the punters. We are talking about fantastic odds.
We are talking about a huge number of events and open markets that you can bet on. So if you are on the hunt for a sports betting site in MD that accepts Mastercard, then any one of those four is going to be a safe bet.
What is Mastercard – MD Betting
Mastercard is a payment system. Banks and other financial institutions can issue debit and credit cards with the Mastercard logo on them. When a payment is made using one of these cards, it is processed by the Mastercard system.
The chances are that you will have been issued with a Mastercard by your bank. It is the same card that you can use at ATMs, in stores, or online.
You can also get prepaid Mastercards or Mastercard gift vouchers from many retailers throughout Maryland. These can also be used on any website that allows Mastercard online betting.
This is because they are functionally similar to bank-issued cards. They have the same card numbers, etc. The only difference is that they are not going to be tied to a bank account.
So, how do you know whether you have a Mastercard? Just look at your debit/credit/prepaid card. The Mastercard logo should be displayed prominently on it.
Deposits at betting sites using Mastercard
One of the great things about depositing using Mastercard is that you will probably know how to do it already. It is just like making any normal purchase online. The exact process for depositing using Mastercard will vary from sportsbook to sportsbook. However, it will likely be something similar to this:
- Head to your sportsbook profile page
- Look for an option that says ‘deposit.’
- Select ‘Mastercard’ or Debit/Credit Card as your deposit option
- Type in the amount that you want to deposit
- Type in your card details and the address that it is tied to.
- Accept the transaction
Your bank may carry out further security checks. However, even with those, you will likely have access to your funds within a couple of minutes of starting the deposit! It really is one of the faster deposit methods around.
Withdrawals at sportsbooks using Mastercard
It is very rare that a sportsbook will allow you to withdraw using a Mastercard. This is because Mastercard doesn’t really allow that. They are designed purely as a payment system, not as a way to receive payments. There are a couple of exceptions to this rule.
Many sports betting sites in Maryland will now offer prepaid Mastercards. You will have to order them from the sportsbook. This will then be tied to your betting account. When you want to withdraw money from your betting account, you can use the prepaid card in an ATM.
Sites that allow Mastercard withdrawals
Some sites will allow Mastercard withdrawal with a few limitations. Because withdrawals to Mastercards are technically refunds, the sportsbooks will only allow you to withdraw the amount that you have deposited into your account over the last 90-days.
It is a strict limitation, but sadly, it is all Mastercard allows. This means that if you have won more than you deposited, and this could be the case for many people, you are going to need to have a backup payment method in place.
Pros of using Mastercard for sports betting
There are several reasons why you probably want to keep an eye out for Mastercard sports betting in Maryland. Here are just some of the benefits that you will be able to look forward to.
Low minimum deposits
Most online betting sites that accept Mastercard will have low minimum deposits. For example, some will allow you to deposit as little as $10 at a time into your account. This means that using Mastercard will be great for those who may love gambling but do not necessarily want to deposit tons of cash at a time.
The sportsbook will not charge you any fees for depositing using Mastercard. However, do bear in mind that if you are using a credit card, then there will be fees on the part of your card provider.
Most deposits using Mastercard take just a minute or two to process. This means that you are going to have access to your funds right away.
Mastercard does offer a protection scheme, so if something goes wrong with your transaction and you end up losing your money, they will help you out. Unfortunately, this normally happens when people do not do their research into sportsbooks and just choose the first one they find online.
Cons of using Mastercard for sports betting
There aren’t that many downsides to using Mastercard for sports betting in Maryland. After all, Mastercard is one of the most common payment methods in the world. However, there are still a couple of issues with using it.
Can’t withdraw using Mastercard
As we said before, it is rare that you will be able to withdraw from your account using Mastercard. The only exception will be some prepaid Mastercards that the sportsbook has provided. This means that if you are using Mastercard betting sites, you may have to develop another way to withdraw that cash from your account.
Easy to lose track of spending
Using a Mastercard for sports betting in Maryland is nice and simple. This is an advantage. However, it can also be a con. At most sports betting sites, it can take mere seconds to top up your account. A lot of people find that it can become a lot tougher to keep tabs on their deposits when everything is made so simple.
Some Mastercard providers won’t let you gamble
Because sports betting has only just become legal in Maryland, there are still some Mastercard providers that haven’t quite caught up with the times. This means that there are some that will not allow you to use a Mastercard for online betting in Maryland. There isn’t really much that you can do about that.
It is more likely that you will find that these limitations are in place on a Mastercard credit card than on a debit card. This is because credit card providers really do not want to be providing credit lines for gambling.
Other methods that offer fast payouts in MD:
FAQ’s About Mastercard Sports Betting Maryland
Is sports betting with Mastercard safe?
Absolutely. You will need to do your due diligence to use your card at a reputable sportsbook. However, using your Mastercard for betting is just as safe as making any normal online purchase.
Can you use a Prepaid Mastercard for sports betting in Maryland?
Yes. Most prepaid Mastercards should work at online sportsbooks. However, you may need to check the terms and conditions of the prepaid card provider. Some may not allow you to use their cards at online betting sites. However, this is becoming rarer and rarer.
Can you qualify for Sportsbook bonuses with Mastercard?
It is very rare that bonuses will exclude you if you decide to use a Mastercard. Of course, it is always worth checking the terms and conditions of a particular bonus if you are unsure whether you can take advantage of it.
Are there minimum deposits for Mastercard at sportsbooks?
Most sportsbooks will have minimum deposits for Mastercard online betting in Maryland. It is normally going to be within the $10 to $20 range. It is never going to be all that high. This means that Mastercard is going to be accessible to the punters that wish to stake smaller sums of cash too.
Do sportsbooks offer Mastercard withdrawals?
It depends on the sportsbook. However, it is rare that they will offer Mastercard withdrawal. This is because the Mastercard system hasn’t really been designed for that. That being said, there are some sportsbooks that will offer their own prepaid Mastercards. If they do that, then you will be able to withdraw to that prepaid card and take your cash out of the nearest ATM.