Can I Bet On College Basketball Games Online Using a Credit Card?

Credit cards are one of the most popular ways to fund an online betting account, including to place wagers on College Basketball games.

Typically online sportsbooks permit bets as low as $5 though one normally has to open their credit card account with a minimum of $25 to $50 to get started.

Not all credit cards are made equal when it comes to online gambling, however.

Visa cards are favored among Web gamblers for quick under five minute join rates unless issued by certain banks (i.e. Bank of America does not permit its Visa issued cards to be used for online gambling).

Mastercard and American Express can be used at some online gambling companies through third party transaction platforms.  Likewise, Discover and Diners Club can also be used.

Remember also that payouts are not made back to credit cards.  One can request a check, bank wire or cash money transfer.

College Basketball is catching on throughout the world so it is important to check your local laws.  Even in the United States, Washington State law specifically criminalizes those who place bets online and, as such, you will be hard pressed to find an Internet sportsbook that accepts customers from this state (still thinking about all those poor Seahawks fans who couldn't get a bet down and had to resort to using locals).

Outside of North America, and even in nations such as Mexico and Canada, third party money transfer companies similar to PayPal (i.e. Neteller) are often a viable option.

Banking Options for BetOnline

Deposit Methods:                 

Method                       Min.                 Max.

VISA                            $50                 $1,000

Discover                     $50                 $500

Diners Club International      $50                 $500

Sportsbook Offering for BetOnline

Min. Bet: $1 Online, $25 by phone

Max. Bet: $25,000 (player can re-bet up to the limits after odds move or 61 seconds)

Reduced Juice: NHL, tennis, select soccer

Overnight Lines: Open approximately 1pm (ET) day before for most major sports (first in the industry)

10-cent MLB odds: Yes (highest MLB dime lines break in the industry)

MLB odds: 10-cents up to -199, 15-cents from -200 to  -239, 20-cents from -240 to  -279, 30-cents from -280 to -319, 40-cents from -320 to -399, 50-cents from -400 to -499.

Bet types: Straight, Parlays, Teasers, Special Teasers, NFL Pleasers, If-Bets, Reverses, Props/Futures, Live Betting

- Don Shapiro, Gambling911.com