The Benefits of a Shared Wallet for Online Betting

Online Betting
Online Betting

When looking to open an online betting account, you’ll quickly discover you are spoiled for choice. The online casino and sportsbook betting industry is packed with established names from the era of high street betting and new, online-only betting apps. There is so much going on it can be confusing, especially if you are an inexperienced online gambler. How do you know which bookie is for you, especially when they are all promoting themselves as the best in the business? It’s not easy, but this is a decision you must get right. It could be the difference between making a profit on your bets or suffering a loss.

The volume of online bookmakers vying for your attention puts some players off. They take one look at the competitiveness of the industry, the apps squabbling for your custom, and they immediately think better of it. This is a shame, and it doesn’t have to be this way. There are many tried and trusted betting apps with great features, promotions, betting odds and customer services. You simply have to know what you want from casino or sportsbook, and this will help cut down the pack. Having a clear idea of the features you are after, the type of bets you intend to place and how you wish to pay for your bets will guide you to the best site.

In this article, we focus on one of the most important betting features – a shared wallet. You’ll find all the information you need on this, including what a shared wallet is, how you can use it to improve your betting experience, and more. This information can be used to gamble on your favourite casino games, including roulette, blackjack, and baccarat or the biggest sportsbook events, including Super Bowl prop bets. Let’s get started.

What is a shared wallet?

This is a term you may not have come across when seeking out a new online betting app. That’s because it’s not as interesting as some of the other features and won’t be promoted as heavily by the bookmaker. But it’s every bit as important as the promos and deals they like to shout about. A shared wallet is something you should insist your casino app has, but it’s not yet available at every firm, so you must tread carefully.

If you join a betting app without a shared wallet, you will be forced to keep your casino and sportsbook bets separate. For example, you will have to deposit cash to your casino profile and place bets. If you then see a sporting event you wanted to place a bet on, such as the Super Bowl or Kentucky Derby, you must make a separate deposit of cash to your sportsbook profile or transfer the money from casino to sportsbook.

The benefits of a shared wallet

For many years, this was the done thing and, although it was far from ideal, bettors just had to get on with it. That’s no longer the case, thanks to the shared betting wallet that brings everything under one roof. You can play roulette until your heart’s content, then click the sportsbook tab and place a bet on a tennis match shown live on TV or a big boxing match. Simply click the odds of your selection to add it to your bet slip, input a stake and confirm the bet.

The funds for your sportsbook wager will come from your shared wallet, meaning there’s no need to make a new deposit or take the time to transfer enough funds to cover your stake from casino to sports. When you have placed your sportsbook bet, simply click the casino tab, and pick up where you left off, spinning on roulette.

This may seem simple, but it has made a huge difference to the lives of online bettors. It makes much more sense too. There’s no need to have two separate accounts for casino and betting. Everything runs off the same website or smartphone app. Deposits are added instantly to your shared wallet and taken from the same funds to cover your bets.

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