Bovada is a well-known and trusted online betting site that allows bettors to wager on a variety of sports and horse races. However, there is one fee that bettors should be aware of when betting with Bovada: the processing fee.
Bovada charges a processing fee of 9.99% of all bet proceeds, which works out to $0.098 per $100 bet.
This fee is charged on all stakes and bets, regardless of whether or not the bet results in a win or loss. In other words, this fee is applied even if you place a $10 wager and win $100 back.
While this processing fee may seem steep, it’s worth noting that Bovada offers some of the best odds available for horse races and sports leagues. Plus, the processing fee is only charged once per transaction – so there’s no need to worry about additional charges if your bet results in multiple wins or losses.
