Some people don’t want to bet $100, $500, or even $1,000 per bet.
No way – that’s chump change.
They want to bet more. They want to bet $5,000, $10,000 or $25,000 – or more – on any given market or bet.
But the challenge is that few sportsbooks have betting limits that high. Most have limits that peak somewhere between $1,000 and $2,500 per bet. So your first task is to find a betting site that has high limits. But you don’t want to sign up to the first sportsbook you find, either.
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Think about it…if you want to wager $10,000 on one bet, how large is your bankroll? Using standard bankroll guidelines, it’s going to be anywhere from $500,000 to $1,000,000.
Are you going to trust that much money to just anyone? Heck no! You’re only going to trust the best betting sites with that kind of money – otherwise, you’re a dummy.
That’s why we recommend only the above sportsbooks for high stakes betting. We’ve vetted them for you. Your money’s in good hands when you bet with them.
To get started, simply click the “Visit Now” button.
Now, if you’re new to online betting, we recommend reading the review for each sportsbook before you sign up and make a deposit. And that’s because each sportsbook will have different banking methods, banking limits, payout limits, betting markets, and more – all things you want to make sure you’re okay with before you send them a 6- or 7-figure bank wire.
While researching sportsbooks to find the best ones with high betting limits, we noticed that the best ones shared a few qualities. The more of the following 9 qualities a sportsbook possesses, the better you can feel about betting large sums of money there.
High banking limits
If you want to bet $10,000, $20,000, or $30,000 per bet, you need to have that money in your account first. And that’s hard to do if sportsbooks have payment methods with low max deposit limits. So we recommend finding a sportsbook that accepts deposit limits in the $10,000-$20,000 range PER deposit – and preferably higher.
We’re talking about large sums of money here. Tens and hundreds of thousands of dollars. Millions, even. With amounts that large, even the smallest of fees add up fast. One percent of $1 million is $10,000, just to put things into perspective.
Here’s what we recommend you look for (in order of preference):
What you don’t want is a percentage-based fee without a cap. Because the fees you pay could equal the size of one of your bets.
We don’t know about you, but we’re going to be a little antsy to receive our money when we know it’s going to be in the 6-to-7-figure range. We’ve found the best way to ease that anxiety is to choose a sportsbook known for both fast and reliable payouts. Aim for one to two weeks for checks, one week for wires, and under a week for everything else.
High payout limits
Many sportsbooks – even those with high betting limits – have limits on what they’re willing to pay out on a rolling 24-hour basis.
Your objective is simple – find a sportsbook that offers the largest payout limits (per 24 hours) relative to the sports you plan to bet on, as well as their betting limits. For some people, it might even make sense to join two sportsbooks, because any money wagered that you won’t get paid on is an opportunity cost – it’s money you could wager somewhere else and profit with.
It doesn’t make much sense to bet large sums of money if the sportsbook doesn’t want winning bettors. All that’s going to happen is that you’re going to have your account closed or severely capped. In a worst-case scenario, you’re going to get into a (losing) battle for some – if not all – of your winnings.
The good news is that high limit betting sites that accept winning bettors often go hand-in-hand. But the best way to know for sure is to read our sportsbook reviews.
One thing that varies from sportsbook to sportsbook are the odds you pay for any particular bet. Your goal is to find the sportsbooks that consistently offer the best prices. It’s the same as finding a sportsbook that doesn’t charge banking fees – even a one or two percent difference in vig adds up.
And while most sportsbooks have similar margins, there are others who clearly stand out for having the best prices. For example, you can see on this page that Pinnacle has a 2% (average) margin on major soccer events, while the industry average is 6%.
Think about that for a minute…how much money will you save because of that 4% difference? For people betting tens of thousands of dollars, the answer is simple – a lot.
Most sportsbook review sites recommend that you find a sportsbook that’s offering a MASSIVE bonus.
But we disagree – that’s a stupid idea.
What you should focus on instead are VIP or cash-back programs.
These are going to be harder to find amongst high stakes sportsbooks. For example, Pinnacle doesn’t offer one. That’s because they can’t. They’re already operating on low margins – they don’t have much to spare after paying their overhead.
However, some books – like Bookmaker.eu – do. So they give you points for every bet you make, which you can then save and later exchange for perks like cash back or merchandise.
Trust us – while collecting points for 1% cash back may seem trivial, remember what we’ve said earlier about banking fees and vig. Even nominal amounts add up FAST when you’re talking about betting large sums of money. This is definitely worth your time.
Offer excellent support
Every sportsbook should offer excellent support. However, we feel there’s a bit of a difference between the support that should be given to a $10 bettor and the support that should be given to a $20,000 bettor. The best sportsbooks will offer one-on-one support, though you may have to ask for it. If you can’t find one-on-one support, then make sure their live chat or email is fast and top-notch. Otherwise, tell them you’re going to take your money elsewhere.
Okay with arbitrage
Many books frown on arbitrage bettors because it reduces their margins – if not eliminates them altogether. So they’ll either cap their accounts or close them altogether.
But we’ve noticed that the best high stakes sportsbooks don’t mind. In fact, some sportsbooks – such as Pinnacle – welcome (winning) arbitrage bettors because:
Heck, and how having a Pinnacle account helps you arb sports betting lines.
And that, to us, clearly shows why Pinnacle is one of the best high stakes sportsbooks online.
So, there you have the 9 qualities we feel the best high stakes sportsbooks possess. However, there’s one other thing you need to keep in mind.
Not every sportsbook makes it clear that they accept large bets, winning bettors, or arbitrage betting. Pinnacle does. You could even say it’s their USP.
But most other sportsbooks don’t. Bookmaker.eu is one example of a high stakes site that doesn’t.
For this reason, you’ll want to make sure you read sportsbook reviews so you can see what their various limits are and whether they’re okay with winning bettors. We try to cover these details in each review we write.
If you can’t find the information there, another spot to check is the sportsbook’s FAQ section, as well as their betting limits page, which you can find in their terms or help section.
Whatever you do, don’t join a sportsbook until you know for sure they have most, and preferably all, of the qualities we discussed above. That’s the only way to know for sure that you can trust them with your 5-, 6-, and 7-figure bankroll.