Listings of the best online sports betting sites that accept Paypal deposits and withdrawals with detailed information on how to use Paypal for betting. PayPal Betting Sites In terms of both convenience and security when it comes to online gambling there aren't any better choices than PayPal. It allows you to. PayPal Betting Sites. PayPal is a form of electronic storage for your cash. Add or remove funds to or from your normal bank account into your digital PayPal PayPal Bookmakers · How To Use · History.