Yes, Venmo helps with distributing the costs of beer and funding mid-game snack runs during the Super Bowl. But as far as exchanging money goes, social media reveals this is not the extent of Venmo transactions on this day — users also collect pool bets and other wagers on the big game through the service. In the olden days, a paper grid and cash money mercifully kept the technically illegal transactions off the record (even if it was casually discussed in every workplace). Now, a cursory check of Twitter reveals new systems that lay everything out for the Internet to see: Google Forms, Google Docs, carefully-photoshopped digital square boards, and of course, Venmo.
- Https Sportsbetting Ag Sportsbook
- Venmo Sports Betting Line
- Sports Gambling Websites
- Venmo Sports Betting Game
Exactly two years ago, Venmo, the peer-to-peer payment app loved by drug-purchasers and bill-splitters alike, went down in the aftermath of Super Bowl 50, when the favored Carolina Panthers lost to the Denver Broncos. People had to wait minutes, if not hours, to send payments, and boy were they mad.
Venmo was vague about the whole affair, and attributed the disruption to “high volume.” However, according to two Venmo employees who spoke to The Outline on the condition of anonymity to avoid repercussions with their employer, Super Bowl Sunday is Venmo’s highest-traffic day of the year, and the crash was likely caused by a record-setting amount of user activity.
Still have a Super Bowl squares board I need to fill out by tonight. (Game of chance) 2 squares for $5. Accepting Venmo if interested.
Venmo group accounts have spending limits that are tied to the group owner’s personal account limits. Every group owner starts out with a default weekly spending limit of $4,999.99. Transaction limits help us screen for suspicious activity, protect your financial security, and keep Venmo. Top Amsterdam Casinos: See reviews and photos of casinos & gambling attractions in Amsterdam, The Netherlands on Tripadvisor.
— Jake Kowalski (@JAC0B_K) February 4, 2018Super Bowl MAX's are in! We have a MAX (3x) & Mega-MAX (4x) get both for $20 or each for $15 via PayPal or Venmo. DM for more information.
— Belly Up Betting (@BellyUpBetting) February 4, 2018***Perkins Post Squares***
Good luck everyone.
Contact us now if you haven’t already paid.
Venmo - @perkinspost
PayPal - MJPerkinsPost@gmail.com pic.twitter.com/qJenPxzX1r
One (now deleted) tweet invited users to respond to a Google Form with their Super Bowl predictions and Venmo the creator $5 for entry into the betting pool. (Please note the third question: “Will Pink say ‘Eagles’ before/during/after the Anthem?”) Another included a link to a Super Bowl squares board painstakingly designed in Google Docs and implored users to send user @Keith-Powers-4 $25 per square in order to join.
“Venmo is a big source [of betting traffic] for sure, whether it be a friendly bet or someone wanting to access the edge,” said John Anthony over Twitter DM. Anthony runs @SharpSportsINC, a popular Twitter account that helps facilitate sports-related bets through Venmo. To say this practice is technically frowned upon would be an understatement. Most pen-and-paper Super Bowl bets are illegal — federal law prohibits full-scale sports betting in all states other than Nevada — and people are explicitly prohibited from using Venmo for gambling. (Social gambling is legal in some states, which sometimes but not always includes wagers like office betting pools).
Regardless, Venmo seems to have steadily gained popularity in the casual sports betting world over the last two years. Anthony attributes that to the app’s general ubiquity. “It’s def more casual or considered normal,” he explained. “I mean people pay for everything via Venmo, it seems like, at the age bracket from 18-mid 20’s.” That is to say, sending someone twenty bucks through Venmo after filling out a nicely designed Google Form may seem less ridiculous than throwing down a $20 after scratching out some bets in your friend’s-uncle’s-brother’s cheeto-stained notebook, but it’s just as risky.
“Given the Super Bowl is one of the biggest social events of the year, Super Bowl Sunday is one of Venmo’s biggest payment days of the year,” Venmo spokesperson Josh Criscoe told The Outline. “To ensure a positive experience for people using Venmo, members of the Venmo team get together to watch the game and monitor systems to make sure no payments are fumbled.”
If you live in the United States, you can legally bet on sports online.
And best of all, you can do so whether or not your state has actually legalized domestic online sports betting!
While there are two exceptions (the states of Connecticut and Washington have laws against all forms of online gambling, though these are historically unenforced), residents in 48 of 50 states can lawfully bet real money on sports over the Internet.
The only caveat is that if there are no local options, they must use legal online sports betting sites that operate outside of US jurisdiction and hold legitimate licenses in their own home countries.
Nevertheless, there is usually one particular roadblock that prevents many USA gamblers from signing up with these operators, and that’s the online sports betting banking methods they support.
Due to the UIGEA gambling law that disallows domestic American banks from knowingly processing payments to and from non-US-regulated gambling outlets, credit and debit card deposits are sometimes declined.
While a declined payment does not mean you’ve committed any crime or that your card has been flagged or disabled, it’s an inconvenience that no sports bettor wants to face – especially when the day’s game kicks off in a few minutes and you need your account funded ASAP.
Many bettors think that an easy way to get their bankrolls topped off in a hurry would be to use P2P money transfer services like PayPal, Venmo, Cash App, and Zelle Pay.
However, in part due to the UIGEA and other restrictions, these companies do not allow such international transactions.
In the case of Venmo and Zelle Pay, these service are USA-only, which means there’s no way to use either to send or receive money to or from your offshore betting site of choice.
In the case of PayPal and Cash App, the former can be used for international transfers that are not gambling related, while the latter – though available in many countries – can only be used by parties physically inside those individual countries. International Cash App transfers are not allowed.
As these services are by far the most popular vehicles for person-to-person transactions, and since tens of millions of Americans use these services every day, international betting sites open to USA gamblers are at a decided disadvantage in not being able to process such payments.
However, that is no longer a problem!
At Bovada, the most popular online betting site in the United States, there is a brand-new deposit option that allows bettors to use PayPal, Venmo, Cash App, and Zelle to make rapid sportsbook deposits.
So, how is this possible, given the international limitations outlined above?
Because Bovada – as is their wont as an industry leader – now supports the new MatchPay betting deposit service, which makes it possible for US-based online gambling enthusiasts to finally deposit with the aforementioned P2P services.
Https Sportsbetting Ag Sportsbook
What is MatchPay?
MatchPay is a third-party money transfer service that works in a unique and ingenious way.
Essentially, MatchPay allows members at online retailers and merchants to sell their account balances – in part or in full – to other members at those same Internet storefronts.
While businesses must choose to participate in MatchPay’s program, the following is how MatchPay works for those that do. And since Bovada is the first online gambling site to support the platform, we’ll use Bovada MatchPay for our example below.
How MatchPay Works
Let’s say you want to sign up at Bovada but your credit or debit card has been declined, and you don’t want to make a Bitcoin gambling deposit because you’re not into the whole cryptocurrency scene.
However, you do have a PayPal account, and you’d prefer to make a PayPal betting deposit to fund your online wagers.
Normally, you’d be out of luck. SOL, even.
But with MatchPay, you can now use PayPal to transfer money to another Bovada member who has elected to put a portion of their account balance up on the MatchPay Trader service.
Once this player receives your PayPal payment (or other supported P2P payment) – which is overseen and guaranteed by both Bovada and MatchPay – your account will then be credited with the amount you’ve sent.
In short, MatchPay allows Bovada players to make easy account transfers using the world’s most popular payment platforms.
Venmo Sports Betting Line
How To Deposit With MatchPay
While this is covered in detail at our MatchPay page linked above, the basics for how to deposit with MatchPay are simple to understand.
First off, of course, you will need an account at Bovada, as Bovada Sportsbook is the only legal online betting site that currently offers support for the platform.
Once you’re a member at Bovada, simply log in, go to the deposit section of your account portal, and select the MatchPay option. (Alternatively, new members can select this deposit method during the sign-up process itself.)
There, you’ll be asked to enter your MatchPay Trader ID, and you’ll be able to use the site’s plug-in to sign up for MatchPay if haven’t already. The service is free, and joining takes about two minutes.
Then, simply enter the amount of money you’d like to add to your account via the MatchPay service.
Next, MatchPay automatically pairs you with a Bovada member who is also a MatchPay Trader, to whom you can send the requisite funds by using any of the following P2P services:
- PayPal
- Venmo
- Cash App
- Zelle Pay
Once your funds clear and the Bovada member receives your money, Bovada will transfer the appropriate account balance from their sportsbook account to your sportsbook account, and you’ll be ready to wager.
The entire process to deposit with MatchPay takes 10-15 minutes, and these deposits come with the standard sportsbook bonuses and membership perks you expect.
Sports Gambling Websites
Ultimately, MatchPay is a true gamechanger in a market where those are few and far between. Kind of like Patrick Mahomes.
And though we still think that crypto deposits (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, etc.) are the way to go long-term, there are potentially millions of sports betting fans out there who will benefit from MatchPay allowing them to make PayPal sportsbook deposits, Venmo sportsbook deposits, Cash App sportsbook deposits, and Zelle sportsbook deposits.
Venmo Sports Betting Game
Further, because MatchPay opens the door to a whole new class of clientele that wasn’t able to deposit and bet before, it’s only a matter of time before the entire industry adopts MatchPay or similar services for their customers.
If you ever wanted to bet on sports with PayPal or another popular P2P instant-pay app, now you finally can!