Benefits Of Offshore Sportsbook Betting
Gone are the days when you had to visit a local casino to place bets on sports or play poker. All these things can be done by betting offshore sportsbooks in the comfort of your home.
Dealing with a reputable sportsbook is comparable to making transactions with a bank. Your money is absolutely safe, secure and readily available for use when you need it. You can place bets all round the clock on a daily basis. You can either deposit or take out your money when you feel like.
What’s more, a reputable online offshore sportsbook offers its members bonuses and incentives for betting with them. So now we have seen the reasons why you should place your bets offshore. The convenience, safety and bonuses make the big difference.
- But the main question is how do you do so?
- It all starts by selecting a quality and a reputable online sportsbook.
This is a very significant aspect of gambling offshore. Offshore sportsbooks betting starts for most bookies by sending money to a sportsbook through a number of ways including money orders, bank wires and credit cards to name a few.
The money is deposited into your offshore online betting account and bets may be made on a number of things such as sports, poker, casino game and horse racing.
There are very many online sportsbooks to choose from. You have always desired to go with the big boys, well renowned sportsbooks with first rate customer service and are financially sound.
Let’s face it; following your win, you want to receive your money as fast as possible without delays.
Offshore Sports betting & Offshore Sportsbooks in 2022
When the online gambling trend started in the early 1990s, many countries cashed in, passing gambling laws that allowed sportsbooks to get licenses, pay their taxes and operate freely within their territories.
Countries like Costa Rica, Panama and Gibraltar and Isle of Man have become a haven for betting sites, with a very large number of online sportsbooks.
After the Supreme Court ruling in 2018 opened up the betting landscape, offshore sportsbooks have become a much more attractive prospect. The thing about shopping for offshore sportsbooks given the multiple options is that the possibility of finding low-quality bookies becomes infinitely higher.
Every bettor wants to be assured that the offshore sportsbooks they are using are legit and safe and that they are getting the highest quality of services. It is important to conduct extensive research before committing to one site. These are some of the biggest sportsbooks one might want to check out:
MyBookie Sportsbook Review
SUMMARY
Enjoy a VIP online betting experience when you choose the MyBookie sportsbook for your bets. 24/7 Support, Fast Payouts, Bitcoin banking.
Mybookie operates primarily from Costa Rica, which has over the past decade or so emerges as a popular offshore sportsbook destination.
It is a relatively new site, having been online since 2014. Granted, the 5-6-year window they have been operating is not long in the betting industry, and this might be a turnoff for some people.
However, mybookie has over the past few years steadily built a reputation as a quality service provider and a legit sportsbook. It's considered to be one of the sharpest offshore sportsbooks around.
They are a fully licensed operator, authorized to conduct online betting and can be accessed from almost anywhere in the world. They have customers from the US, Costa Rica, Canada, Europe and many other countries.
The mybookie website if easy to navigate, offering clients four timezone choices and three odds format choices. This way one can comfortably make wagers on matches and events without the confusion that often comes from not understanding the different odds formats or time zone differences.
They also offer huge bonuses on signup. New bettors get a bonus of up to $1000 on their first deposit.
The range of options mybookie customers enjoy is quite impressive. They accept bets on a wide range of US pro and college sports like the NFL, NBA, NCAA, golf, tennis and NASCAR.
One can bet on almost anything, from entertainment and US politics to esports and religion. They also accept special wagers on different current events and a hot dog eating contest.
The wager types include straight bets, teasers, parlay bets. Apart from the typical Credit Cards, bank wires, eCheck, Visa and Mastercard systems of payment, they also accept bitcoin sports betting, with withdrawals processed in less than 24 hours.
They also have an impressive racebook, an online casino and a VIP program.
The VIP program is the one thing that sets them apart from the competition. As one bets and earns, they receive bookie points.
The more one places bets, the more points they receive. Higher points mean a higher level, which then allows the bettor to redeem prizes like iPhones, vacations or free funds. At the highest level, one can redeem their points for liquid cash which they then get to withdraw.
Bovada Sports Review
SUMMARY
Bovada sportsbook is equipped with the experience and skill to quickly become the industry's powerhouse brand and the most relied on, most fun location to wager on sports.
Bovada is almost a decade old, having been in operation since December 2011.
Like many offshore sites, they have a comprehensive sportsbook and racebook covering everything from the major events in the world to the smaller obscure events.
One can bet on the major sports like basketball, soccer and hockey, and on events like the UFC or MMA and international games.
Bovada is popular for its authentic experience. For instance, apart from the typical online casino offerings, one can experience the sights and sounds of the real Vegas floor with the live dealer option, where one gets to rub shoulders with real dealers at the real tables, live on screen.
The Bovada community is also a useful tool, a place where one can find answers to their betting questions and talk shop.
For those wanting to sign up, Bovada has attractive offers, both for current and prospective users. For instance, they have a referral system where one stands to gain as much as $100 when they refer a friend.
They also offer a wide range of welcome bonuses depending on what one is betting on or their preferred mode of payment. For instance, one gets a $250 welcome bonus to bet on the NBA.
Bovada also has a heavy social inclination. One can send cash to a friend through their payment vouchers option.
Their site is well designed and easy to navigate and offers clients tips on how to bet on different competitions.
Wagerweb Review
SUMMARY
Trusted Sportsbook since 1994. Welcomes US, LATM and Canada players with Top $1,000 Welcome Bonus.
Also based in Costa Rica, wagerweb has a refreshingly different style of online betting. The company was established in 1994, making it one of the oldest offshore sportsbook in the business.
They have a strong sportsbook and offer casino games as an added bonus. They also have a comprehensive racebook, and as well as esports betting options.
For those joining, they offer a 50% cash bonus, or a 1% cashback deal on sports bets, among others. Wagerweb has three different options for welcome offers, the high roller welcome bonus, the elite welcome bonus and the high bonus welcome special.
They also have a deal where they offer a free play for anyone that refers a friend. Unlike other offshore sportsbooks, one has to select the type of bet they want before they choose their particular sport.
Betnow Review
SUMMARY
BetNow.eu sportsbook provides 24/7 online betting with customer service to match. Use promo codes BN25 OR BN100 on deposit for 25% OR 50% Bonus up to $500.
Betnow sportsbook has been in the industry since 2015, and also offers the foursome of online betting, a sports and racing book, live betting and casino games.
betnow operates out of Curacao and is registered and licensed for operations there. Their welcome bonus is attractive, with a 50% initial and reload bonus.
Like mybookie, they also have a VIP program that offers up to a 15% bonus on all deposits.
They are however heavily focused on the US and North American sports, with the biggest attractions being college and professional basketball and football, as well as professional baseball.
They also accept wagers on international soccer and basketball markets, but not on the same scale.
They have Euro league basketball and all the major European soccer leagues in their sportsbook, with little else in terms of variations.
For NFL markets, their maximum wagers change throughout the week, with the lowest being on Mondays and the highest over the weekends.
Because of its size, the company uses promotions as a way to attract and keep customers.
Apart from the 50% bonus and 15% offered to the lifetime VIP members, they have a weekly NBA contest with 10,000 given away every week till the end of the regular season. referrals earn users a 10% cash bonus for every depositing referral, while casino players get to enjoy a 50% bonus on their first 3 deposits.
Xbet.ag Review
SUMMARY
New exciting sportsbook with Up to $500 First Deposit Bonus with Xbet promo code: XB100. Plus 25% Reload Bonus up to $250 with code XB25.
Xbet is known in the online betting one as one of the leading edgy online betting sites.
It is run by a team of some of the smartest people in the online betting world, many of whom have for a long time been online gaming professionals and pioneers.
Xbet set out to revolutionize the world of online sports betting, running on a philosophy of reliability, reputation and real fast payouts, a culture they refer to as the 3Rs.
Xbet offers one of the most sophisticated security protocols with its 256-bit encryption and secure socket layers (SSL) certificates.
On Xbet, bettors get to enjoy live betting odds, low rollover bonuses, fast payouts and unique promotions. They offer a wide range of sports betting odds, a racebook with all the major US horse racing tracks and casino games.
Given the technical proficiency and experience of the founders, it is little wonder that Xbet has such an excellent mobile site. It is quick and easy to navigate and mimics the desktop site without a lot of downgrades, perfect for those who bet on the move.
Even though offshore sportsbooks have attractive bonuses and promotions, they come with conditions. For instance, while new users get a 100% sign-up bonus, one has to deposit $100 for it to be valid. Further, the bonus is awarded as a free play that is only valid in the sportsbook.
When betting on horses, one can get a 7% cashback. They also have a refer a friend bonus, one that comes with a 5X rollover.
They are relatively young and are focused on revolutionizing the industry. They might not be as popular or have as large an offering as other more experienced players but are a notable offshore sports betting company.
Looking for the needle in the haystack of offshore sportsbooks can be a tough ask today.
A simple spot search of offshore sports betting and offshore sportsbooks will give you multiple hits and leave you more confused than you came.
This carefully researched review of some of the most popular and impressive sites offers you a shortcut, providing an overview of the best in the business, their offerings, and attractions, as well as some of their limitations.
Popular Questions About Offshore Betting
Is Offshore Betting Safe?
The current legal situation of online betting in the USA isn’t what you’d call ideal.
Each one of the 50 states is free to pass its own laws on the matter. In short, it’s free to decide if it makes online betting legal or not.
An industry that generates billions of dollars per year, online betting has numerous economic benefits for each state where it’s legal.
Even though the number of states allowing it is on the rise, many are adamant that they will never legalize it.
This leaves American bettors in a state of flux. You can bet online legally in the states where it is allowed, but if you come from Utah, for example, no such luck.
The good news is that there is a solution – offshore betting sites.
What Are Offshore Betting Sites?
As the term clearly indicates, these are betting sites located abroad that offer their services to American bettors.
No law in the USA that prohibits you from placing bets online although some states prohibit any type of online betting to their citizens.
The law on offshore betting doesn’t criminalize individuals that plan to bet at these sites.
The FBI may have circulated some documents that may scare beginners, but let us be clear – even if you’re caught betting at offshore betting sites, the penalty is a minor offense that is never enforced.
However, we must also mention that offshore betting isn’t the safest thing to do.
Sure, there are properly regulated sites, but there are many scams out there willing to take your money and run away with it.
In this case, you don’t get any kind of protection from the government since you’re betting offshore.
Also, keep in mind that online betting is strictly forbidden in states such as Utah and Washington.
Although you’re not likely to end up in jail, it’s best not to test the patience of the authorities if you come from these states.
Why Bet at Offshore Sites?
The advantages of betting at these sites are numerous.
First and foremost, they understand the legal situation of online betting in the USA and capitalize on it by opening up their doors to US players.
In order to attract a crowd, offshore betting sites use massive bonuses that will line your pockets nicely.
For example, first-time depositors might claim a bonus worth several hundred bucks or more. If that’s not a great way to get things started, we don’t know what is.
Another advantage these offshore sportsbook sites have over local online betting is the fact that most of them are absolute giants in the industry.
Some of the biggest names in online betting come from Europe.
As such, they’re properly regulated and licensed which means you can place bets without fearing that your money will end up in the wrong hands.
On the other hand, offshore betting sites might not be ideal for American bettors.
Although most cover the American sports market nicely, American bookies have a deeper understanding of American sports and offer better betting options.
If that’s not something you find problematic, offshore sportsbook betting might even be better for you.
Are Offshore Betting Sites Regulated?
Sure, most major players offshore are properly regulated by well-known online gambling jurisdictions.
These include the UKGC (United Kingdom Gambling Commission), the MGA (Malta Gaming Authority), the government of Curacao, Costa Rica or Panama, and the Kahnawake Gaming Commission among others.
The license is the first thing you must check when betting at offshore sportsbook sites.
If it fails to mention any of these authorities, there’s a good chance that it’s a scam.
You don’t ever want to ‘step foot’ at such a site. It will most likely steal your money and leave you with nothing and since you’re betting offshore, the US government won’t be able to lend a helping hand.
In short, betting at unlicensed offshore sites means you’re doomed.
Are Offshore Sites Safe?
The safety and security of an offshore betting site are closely linked to the license.
Regulated betting sites wouldn’t tarnish their reputation and not protect their clients.
Most offshore betting sites have a firewall and advanced SSL encryption that will keep your private data in check.
You can safely enter your data at these sites and shouldn’t fear that it’ll end up leaked or worse, stolen.
Betting sites usually have a separate section dedicated to safety and security where they describe in detail how safe your private data is.
Your safety is a key factor when you decide to bet at offshore betting sites.
If the tiny padlock button on the address bar isn’t green, it’s best to find a new betting site.
What Types of Bet do Offshore Sites Offer?
In terms of bets, you won’t lose anything. You can still bet in pre-match markets and live markets and handicaps and other types of bets are also available.
Sites such as Bovada are established as industry leaders so they have a lot of variety on offer.
Additionally, the popular bookie also has one of the best live betting platforms in the industry which is another major plus.
Offshore sportsbook sites are just as good as betting locally – in some cases, they might even be better.
What Sports Can I Bet On?
Offshore betting sites are usually focused on American sports. They offer a plethora of sports leagues and competitions as well as hundreds of markets.
It’s not all about the NFL of course – you can still place bets on all your favorite sports from around the world.
As a matter of fact, Worldwide Soccer as well as NBA, NFL and MLS are popular betting markets offshore these days.
Bettors outside the USA know the global impact of these leagues and competitions and bookies never miss the chance to put them in their offer.
Thanks to this, you’ll feel right at home and you won’t miss a thing if you decide to bet at offshore sites.
Do I Have to Pay Taxes on My Winnings?
Absolutely.
Just because you’re playing at offshore sportsbook sites doesn’t mean you’ve won the war against the IRS. It doesn’t mind how you get your money, but you’ll need to give the IRS their cut.
Online sports betting winnings are taxable and a must.
Tax obstruction is a serious offense that will get you in more trouble than betting online. If you’re a serious bettor, you’ll keep the slate clean.
The Bottom Line
Do you come from a state that has banned all online betting activities?
If that’s the case, don’t worry – you have many offshore betting sites at your disposal.
There’s no federal law that will get you in jail so you can safely bet at these sites. However, you should also be aware that you have no legal support should something go awry.
That shouldn’t be much of an issue if you play at regulated and safe sites such as MyBookie or Bovada. They are leading betting operators, the betting sites accepts players from New Jersey and offers a multitude of betting options, all in a safe and regulated environment.
If you want a shot offshore, only major players in the industry are recommended.