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The Grueling Truth - Where Legends Speak / What are Betting Limits? Max Wager Limits at Draftkings, Fanduel & BetMGM

What are Betting Limits? Max Wager Limits at Draftkings, Fanduel & BetMGM

Sports Betting Limits Explained in April 2024

Last Updated on 04/06/2024
Fact checked by: Mike Goodpaster

At TheGruelingTruth.com, we want to ensure that no vital information slips through the cracks. And when it comes to the fundamentals like betting limits, it’s important that this is an area that you don’t fail to ignore.

Online sports betting is immensely popular in the US right now. But with all the intense excitement, even the most experienced bettors can find themselves overlooking the basic fundamentals like sportsbook limits. Whatever stage of your betting journey you are in, this page will give you some useful information.

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The all-in-one guide to betting limits that’s easy for players to digest

If you plan on betting as big as possible on your favorite sports and events, this page is for you. At TheGruelingTruth.com, we share some of the top-rated sportsbooks with you. And when it comes to the most sought-after trends like betting sites that payout same day, we’re the people that you can turn to.

These pages are designed in a way to be as informative as possible for both betting professionals and complete beginners. Are you looking to take your sports betting experience in the US to a whole new level? If so, you’re in luck! Keep reading for all of our expert insights into betting limits. Also, learn how you can choose the right operator for you.

Sportsbooks betting deposit limit – What exactly is it?

When it comes to the betting industry as a whole, it’s common knowledge that the house always wins in the long run. When you accumulate all of the wins and losses among players, the house is designed to come out on top. Besides, if this wasn’t the case, they’d go out of business pretty quick.

With this in mind, savvy punters have found ways to maximize their chances of quitting while they’re ahead. While casual players don’t take the extra steps to adopt betting strategies, seasoned pros know how to manage a risk to reward ratio and bet accordingly.

When it comes to a sportsbook betting deposit limit, many players wonder why an operator wouldn’t jump at the opportunity to give players unlimited betting allowances. However, it’s more for the reason that they want to restrict high rollers from exploring the most lucrative betting opportunities.

Players with alot of buying power have the chance to bet infrequently while winning enormous sums of cash. Because of this, there are sportsbooks limits – a way to set a limit on the spending of players and keep enormous payouts to a minimum. While it may sound pretty simple, there are a few variations of betting-sites betting limits that you’ll find online.

Types of betting limits at online sportsbooks

Firstly, a standard betting limit is simply the maximum amount you can place on a single bet. Above all, these are determined by the bookmakers themselves. They’re constantly balancing giving players profitable odds and protecting themselves from being wrecked by a huge win. Next, there are general limits.

The maximum amount you can wager on a single bet completely depends on many factors. Above all, it depends a lot on the bookmaker you’re using and the particular sport that you’re betting on. To be sure of the general limits, always read the full terms and conditions on the website itself.

It can definitely be a frustrating situation to find yourself unable to place a bet due to the betting deposit limit, however, the limit is always available. A quick check beforehand avoids any hidden surprises. Finally, individual limits are limits that vary from one individual to another.

Unfortunately, for high rollers, these can be added when you are seen to be winning big payouts on a frequent basis. If this happens, it is nothing short of a bittersweet moment. Individual limits can dampen the celebration of any of your most successful betting triumphs.

Bet365
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BetMGM
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Our five primary ranking factors – Betting limits at sportsbooks US

The betting deposit limit is a fundamental part of our operator checklist. But still, there are far more pieces to the puzzle. In fact, there are so many contributing factors towards whether or not we recommend an online sportsbook to our readers. Here’s an insight into exactly what we look for when we do our research into the most notable sportsbooks and online betting sites.

Security is the number one priority

Upon initial inspection of the best betting sites online, we always check the safety and security standards first. When it comes to the security of your personal and financial details, we don’t accept anything less than the industry standard. After all, you are engaging in real money transactions to and from your account. We are such a trusted source for players of all levels because we only recommend the most secure and reliable websites and apps.

If you can’t find a review for a certain operator on our site, be sure to equip yourself with the knowledge of how to check for high standards of security on your own. Above all, the most reliable way to do this is to verify that there is a license. In the majority of cases, you can find all of the official information in relation to licenses at the footer section of the website.

You can also check the site’s own security certificate to ensure the website where you’re entering your personal information isn’t at risk to hackers. To do this, check for the ‘https’ at the beginning of the url. The ‘s’ at the end indicates the site holds a security certificate, and you should also see a locked padlock symbol at the side too. If you click on this, you’ll see the website security certificate for yourself.

Availability at US sportsbooks

Of course, it’s going to be a waste of time for us to give you recommendations on a particular betting live stream or betting limit at a sportsbook that’s not available in the US. And with the US market completely flourishing right now, we like to focus all of our research efforts on the betting markets here in the US. With every sportsbook operator we review, we check they’re eligible to operate in your jurisdiction and that they hold all the relevant licensing regulations you’d expect from a top US sportsbook.

Deposit options and payout restrictions

you’ll most likely be depositing real money at online sportsbooks. The only real exception to this is if you find a no deposit offer. Because of this, deposit options are at the forefront of our checklist when we rate operators. Also, restrictions surrounding payouts are always a key area of focus. When it comes to methods for depositing funds, some players are led to believe that there will be the same withdrawal options available to them.

However, this is not always the case. While you may be able to deposit using a debit card, getting a payout through PayPal may only be possible. Both deposit and withdrawal options vary from one operator to another. So before you deposit any real funds, be sure to take the time to understand the full banking process. This includes taking note of the waiting times on payouts for each individual withdrawal method.

Terms and conditions

Usually, everyday players overlook the general terms and conditions. In fact, they’ll only ever consider reading specific bonus terms and conditions. This is one of the most common mistakes that both new and experienced players make on a regular basis. Before you sign up at any sites branded betting sites without limits, be sure to read the full general terms and conditions. This will go into detail on everything about the standard limits, general limits, and individual limits that we discussed earlier.

Customer service

While this seems like basic stuff, you should never overlook the importance of fundamentals like customer service. If you’re a high roller looking for high sportsbooks limits to maximize your winning potential, customer service should be one of the most important areas that you should look into. For example, a good relationship with customer service can actually give you access to enhanced betting limits. When you reach out to some customer service teams, you can request to become a VIP player with special access to increased betting limits and other useful tools. With this in mind, online sportsbooks with poor levels of customer service should be removed from your shortlist of options.

Check out our favorite sportsbooks right now:

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
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FanDuel
3.
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4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
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Players from Virginia accepted
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PayNearMe
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T&Cs apply, 21+
Caesars
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4.5/5
100% up to $1000
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Virginia (US) Lottery Board
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T&Cs apply, 21+
DraftKings
5.
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4.5/5
Virginia
Players from Virginia accepted
PayPal
VIP Preferred
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Virginia (US) Lottery Board
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T&Cs apply, 21+

DraftKings – The go-to sportsbook right now

DraftKings fully deserves to be on our list of top recommendations here at TheGruelingTruth.com. In fact, we firmly believe that this is one of the best cash out betting sites that you’ll find anywhere in the US. The overall user experience is excellent whether you choose to visit via the mobile app or the standard desktop site. Nowadays, DraftKings is the go-to sportsbook for many reasons. This brand has earned itself a reputation as one of the real fan-favorites by delivering an excellent range of the most popular betting options including live betting.

Furthermore, members can indulge in market-leading features like odds boosts, rewards, and ongoing bonuses. When it comes to the limits on betting, you can bet with a minimum of just $1. And instead of a max bet, there is a max win value of $1 million for sports like baseball, basketball, and football. Meanwhile, you can win up to $500,000 by placing bets on the major soccer leagues. Overall, DraftKings is an outstanding destination for online sports betting.

DraftKings Bet limits 

When it comes to bet limits, all casinos reserve the right to limit the total amount that players want to wager. Many different factors can define this and vary from sport to sport and event to event. Here we have a breakdown of some of the key information on popular sports betting limits with DraftKings:

DraftKings Soccer Limits

Limit Total Details
$500,000 This bet limit is applied to all competition/ match-related offers for Mens Olympic, Continental and World tournaments, International Club Tournaments governed by FIFA and UEFA including the qualifying rounds. As well as these, any domestic league top flight governed by FIFA and UEFA in the following countries: Denmark, England, France, Germany, Italy, Netherlands, Norway, Scotland, Spain and Sweden
$100,000 This limit applies for all competition/ match-related offers for any games: All other international Men’s Tournaments and Club Tournaments, top flight Domestic leagues in any other country. Second level domestic league games in the following countries: Denmark, England, France, Germany, Italy, Netherlands, Norway, Spain and Sweden. Also any competition/ match-related offers on International Friendlies regulated by FIFA
$50,000 The final limit for any other soccer games, excluding Beach Soccer and Futsal

DraftKings Basketball Limits 

Limit Total Details
$1,000,000 The maximum Basketball betting limit applies to competition/ game-related offers for NBA, Euroleague, Olympic, World and Continental Tournaments. These apply to Men’s games governed by FIBA
$250,000 This limit is for all competition/ game-related offers for any other Basketball game offers

DraftKings Ice Hockey

Limit Total Details
$250,000 For games in the following categories played by Men governed by IIHF: NHL, Olympic, World and Continental Tournaments. As well as this, any domestic league on top flight for Men in either Finland or Sweden.
$50,000 Any other games relating to Hockey have this limit.

Our reviews make it easy for you to find the right betting limits for your playing style

As you can tell, we are huge fans of online sports betting here at TheGruelingTruth.com. Over the years, we’ve fine-tuned our research process to find the best operators on the market. We take pride in sharing our expert insights and giving you the most value out of your betting experience. Our team is as passionate about the world of online sports betting as you are. We could go on all day about how amazing our team is, but we don’t want to bore you too much. Instead, we get right into the good stuff that you’re here for.

If you need to compare the top operators for any of the most key features like payment methods, betting limits, wagering requirements, and more, our site is the ultimate place for you. We have individual reviews for all the hottest names in the industry that go into detail on all the key areas and some extras too. There are certainly a lot of rumors and gossip that gain traction in this community. But when you read our reviews at TheGruelingTruth.com, you know that you can get the most reliable information. Our reviews for the top betting sites make it simple for you to compare the limits that could affect your playing style.

5 of our ultimate tips – The dos and don’ts of limitations at sportsbooks

Look out for other potential restrictions

There are always going to be limitations when you bet online. The time that you invest now looking into other restrictions can save you in the long run. Look out for all the key details in the terms and conditions including max win, payout times, payment options, and much more.

Consider opening numerous accounts with the top sportsbooks

The betting industry is flooded with different options for players. While this is bad news for some operators who struggle to compete, this is excellent news for you as the player. You have the freedom to shop around and find the best sites that give you the most suitable limits to your spending. In the US, you can benefit from the fact that it’s completely free to sign up at online sportsbooks. Those who diversify their sportsbook accounts have direct access to a wider range of promotions, limits, and so much more. It’s easy to feel that the grass could be greener, so why not see what it’s like on the other side?

Bet on the sports you know and love

If you’re working with a set limit that you’re looking to max out and go big, it’s best to stick to sports that you know and love. Any useful insights into the current betting markets like injuries and fixtures can help you identify unique betting opportunities as they arise.

Don’t chase your losses

All of us have our good days and our bad days in this industry. There’s certainly no avoiding that. With this in mind, you need to foster healthy reactions to losses. If you go through all of your budgets, call it a day and move on. Sometimes, high limits on betting can do more harm than good. Even though you can bet a lot of money at sportsbooks, this doesn’t mean you have to max out your limits. If you want to cut back on your spending or play on a low budget, look into low deposit betting sites or free-to-play games. It’s important not to act on your emotions because online sports betting can be addictive. Always maintain responsible gambling practices to enjoy the best of what the iGaming space has to offer.

Don’t play around with the betting deposit limit

Always remember that sportsbooks have the right to exclude you from their site. If you misuse the betting deposit limit, you could face being banned. If you are unhappy with a particular limitation, looking into the best alternatives may be worth. Either way, always respect the limitations. With so many great options available on the market today, there really is something for everyone out there. And at TheGruelingTruth.com, we’re here to help you find what’s right for you.

In conclusion – You owe it to yourself to understand the limitations

Are you prepared to shoot for the moon and max out the limits for the biggest potential returns? If so, you’d be doing yourself a disservice by not doing the correct research. Although most players don’t need to worry about reaching the general, standard, and individual limits, everyone from beginners to high rollers should stay on top of the various limits at sportsbooks. Now that you’ve read this full guide top to bottom, you’re in a much better place to bet with confidence. We understand these things can be a little confusing at first. We’re here to make things as simple as possible for you. Be sure to check in with us here to read reviews for all the top sportsbooks. Also, get the latest updates on the betting scene.

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Betting Limits FAQ

💰 What happens when I win more than the max payout amount?

There are many things that players are unsure of and it’s completely understandable. Besides, all of the different rules vary from one sportsbook to another. While some sportsbooks have a max bet and a max win, others only have a max win. So if you end up winning more than the max win, what happens next? Our all-inclusive website is your go-to destination for all the answers to the most asked questions in the US betting industry.

🤑 What’s the best sportsbook for high rollers?

Are you looking to get involved with high-stakes online sports betting? If so, you’ll first want to find the best sportsbook for high rollers. The truth is, not all sportsbooks are suitable for high rollers. This is because of the various limits on betting. Some operators don’t give high rollers the power to take advantage of unique betting opportunities with unmissable odds.  If you’re looking to find the best sportsbooks for high rollers, you first want to read our guide to the limits on betting and then compare sportsbooks accordingly.

💸 How can I become a high roller at online betting sites?

At TheGruelingTruth.com, we give you the information you need in order to become a high roller. But the truth is, limitations could potentially ruin your hopes of becoming one altogether. Because of this, it’s worth looking into the best sportsbooks available to players with a big budget. But first, you need to understand the different types of limitations so that you don’t run into any unwanted surprises in the future.

❓ Is there a difference between betting and payout limits?

There are lots of important questions that players need the answers to. And when it comes to the questions for limits on betting and payouts, these are some of the most widespread. Unfortunately, the answers aren’t always clear-cut. Right here at TheGruelingTruth.com, we look into the most frequently asked questions and answer them in a way that’s easy to understand.

🤷 What exactly is a betting limit at sportsbooks?

For most players, the limitations on betting aren’t of too much concern. On the other hand, players looking to place hefty wagers may want to take a closer look at the limits. There are 3 main kinds of betting limits at sportsbooks that you should be aware of. Get all the information you need right here at TheGruelingTruth.com.

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DraftKings
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BetFanatics
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Barstool
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Bet365
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