Here you can check out which currencies are supported by different bookmakers sorted by topbettingsite.co.uk. Sometimes you will have to pick a different currency because the one you want is not on the list, but most bookies offer a wide selection of currencies.
Banking Options and Different Currencies
The deposit options vary not only from the websites but also from the different currencies.
It is recommended to use a credit or debit card deposit because it is the easiest way to deposit and withdraw money. If you cannot do that, then the eWallet (PayPal, Skrill(Moneybookers), Neteller) plus Entropay and Click2Pay are also good options.
Rest of the World Currencies
Ranking the betting websites by the currencies they offer
There are a couple of things you should look for at bookmakers that accept more than one currency. The first one is if they accept deposit methods that are popular with the players within your country of residence. There are a lot of countries that have deposit methods which are available only within their borders since they are only compatible with the banking system of that particular country. You can use one of these methods to fund your account, so you will not get hit with the exchange fees.
The second thing you make sure is that the betting site will allow you to use the particular wager you have chosen to bet on horse races, place sports bets, and even play poker and casino games. It is quite a lot of easier to comprehend your risk when you use your native currency in real time. This way you do not have to calculate the exchange rates. This option is quite common if you use one of the major currencies in the world. However, you may not find such a website if you use a currency that is not used by more than one country.
Betting sites that do not offer this feature will convert your currency to one of your choices when you decide to join a game or place a wager. It will require a significantly bigger effort to really understand how much money you are risking with every bet that you decide to place. For example, if you prefer euro and your betting site only allows you to wager in British pounds, you will find yourself frequently running mental calculations.
There is one more thing you should keep in mind. As we mentioned earlier, if your country uses one of the smaller, and less widely-used currencies, you will not find support from international betting websites. Moreover, sometimes you will have to exchange currencies every time you decide to place a bet.
You can find out more about withdrawing and depositing in particular currencies on each of our country specific articles. These sections talk about the gambling laws, as well as depositing in various currencies and even the details that relate to the international market.
Working out Exchange Rates
If the currency that you want to deposit is not on the list, you will have to bet using Euro, British Pound or US Dollar, which means that you have to wait until your money gets converted.
XE.com is the best site for checking currencies, even when you bet. Enter the most trusted online currency authority to check out the latest exchange rates.
You will lose some money because of the conversation process, but when it is always like that when betting online, even when you withdraw money. Anyways, most sites will not be looking to rip you off but will cover their costs.
The free bets and welcome bonuses also change according to the currency. For example, bet365 offer a £200 welcome bonus, but it will not match a 250 Euro bet because of the exchange rates.
How It Should Be Done
There are several gambling sites that are much easier to work with than others when it comes to currencies. For example, Bet365 shows us the perfect model of how every bookmaker and casino operator should do it. We have gone through the terms and conditions of every major betting site as well as on every bookmaker that is recommended on our website. So let’s just take a look at a snippet from bet365’s T&C’s:
For a transaction that requires a currency exchange, the applicable rate will be the average one as it is quoted by the Financial Times. The currency options that are available are listed in Appendix One to these T and C’s, and you on can find them on bet365’s website.
This is an excellent start. They are willing to work to make you comfortable, as they use a fair source to determine the proper exchange rate and they do not charge a fee for any of the conversions. This usually would be more than good enough on its own. However, bet365 takes it even one more step further when it comes to exchanging currencies. If you decide to join a game that is offered only in a different currency, here is what will happen:
To ease the player’s use of his or her balance, it will automatically be converted into the table currency. The exchange rate is calculated on a daily basis, and the rate is frozen while you have funds at a table to make sure that you do not lose out in any way.
This means that bet365 is eliminating even the slightest chance of exchange risk for you. There are only a few people who would even notice that bet365 does not offer this service. However, they do it anyways. That is just an excellent touch, and it is the small things such as this that separate the great betting websites from the rest.