If you are looking to have a bet online from the US then your quickest option is to bet via offshore betting sites.
This isn't anything to be apprehensive about. This is because you now have a good choice of top standing online sportsbooks to choose from. All the sportsbook sites listed on this website are regulated and licensed by the country they reside offshore in. Costa Rica and Kahnawake in Canada are two of the more popular destinations.
The Background and Legality of Offshore Gambling
There have been ambivalent reactions in the USA on whether betting is legal or not, and which states legalize it. Many people disagree on what the law states about the activity, and until there is a clear explanation of if betting is legal or not, people will always have confusions.
Over the years, the American government has debated against the Internet betting legalization by pointing out the Interstate Wire Act. This was passed to limit sports betting between different states with the use of devices incorporated with wires or the telephone.
The History of Offshore Betting
A ruling was upheld by the 5th U.S circuit court of Appeals in 2002. This ruled out a lawsuit that was presented by two online gamblers against credit card companies. This was due to debts brought about by placing bets on casino games. The case was dismissed and the court claimed that the Wire Act only covered sporting events.
On the other hand, The US Department of Justice perceived the matter differently by claiming that the Wire Act covered every form of internet sportsbook betting. This was agreed by the U.S District Court of Middle District of Louisiana. The US Justice Department ushered in the Casino City Operators, in the event of dismissing the case.
The Casino City was a website that acted as a portal for online sportsbook betting sites. The court ruled out that the government was interested in advertising of illegal activities and that included Internet sportsbook gambling. The ruling was supported by the 5th Circuit U.S Court of Appeals. So from that moment, online betting was officially illegal.
Some of the state that participated in the activity and were banned from participating in online sportsbook wagering included;
- New York
- Las Vegas
- Nevada, the state that holds Las Vegas, The gambling city.
The Legalization of Offshore Betting
Representative Barney Frank ushered in the Internet Gambling Regulation and Enforcement Act in 2007, which was aimed at legalizing Internet sportsbook gambling. At the same time, Representative James McDermott brought up the Internet Gambling Regulation and Tax Enforcement Act, which was termed as a partner bill to the one that was ushered in by Rep. Frank.
The Internet Gambling Regulation and Tax Enforcement Act talked about how to control online sportsbook betting sites and how tax can be collected on each wager that was made.
McDermott announced that there was a firm would make about $3.1billion – $15.2 billion in revenue during the first 5 years, this is in the course of Internet betting regulation. The same regulation would attract $8.7 billion to $42.8billion within the first 10 years.
California, Illinois, Hawaii, Iowa, Mississippi, Texas, Massachusetts and Pennsylvania have been approved to be a legal gambling state by the National Conference of State Legislature.
Online Sportsbooks Take Over
Offshore betting is a new way that is used to ensure safety for online sportsbook gamblers and improve the activity more. It sends money to a certain offshore gambling site and it might be carried out in several ways.
The money can be transferred via money orders and other bank wired, online money services or through credit card payments. This money is stored in a gamblers offshore online sportsbook account and they can bet on several things, including poker, sports, casino games, horse racing and many more.
Several top offshore betting sites have all these features incorporated in one site or they could have links that redirect gamblers to the other offshore related business sites.
For instance, a site could have sport betting names, but be involved in online poker. This will allow you to have access to their poker website using the same money that you are using to bet on a sporting event. That applies also to other betting activities such as casino betting and horse racing. All these available options link in the same sportsbook site.
Why Choose Offshore Betting Sites?
The best offshore online gambling sites offer a great advantage to online bettors in terms of making sportsbook gambling easier.
On an offshore site, you will not be required to visit a local casino business in order to lay down your bets on a certain sport.
You also will not be required to go to a local card room to participate in a poker game.
All these can be done on one online offshore sportsbook site, without needing to change anything. These offshore sports betting websites are favored because they let a gambler play several betting games from their homes in the most flexible way.
Safe and Secure
Playing at offshore betting sites is the same as dealing with a bank, whereby you will be sure of having your money safe and readily available at any time. In these online offshore sportsbook sites, you will be able to put your bets at any time of the day, or any day of the week.
Extra Bonuses and Perks
You will be awarded bonuses by offshore sports betting sites for participating in an activity. In most cases, gamblers are able to get deposit bonuses online, which they will then convert into real cash.
For that reason, many online offshore gambling sites such as Sportbetting, TopBet and Bovada, have moved their domains to .ag, .eu and .lv respectively. These sportsbooks want to fully utilize the beneficial features, legal gambling and capability of the offshore sites. Through these sportsbook sites, betting websites are gaining more clients and they are sure of their safety and comfort whenever they play.
The offshore functionality allows top wager sportsbook sites to make more money in terms of revenue and this is making them more legal in several states. This is because the offshore sportsbook sites help the government to earn revenue, via tax and be sure of limited fraud cases or money laundering.
One of the major things that agitated the government to ban online sportsbook gambling was tax evasion, fraud and several money laundering cases. Nevertheless, such cases are limited in an offshore wager site, which uses high technology to ensure money is safe and that the revenue earned is well accounted for. That has significantly improved the economy and the US government has strongly supported the online gambling sportsbook business in some of the major states in USA.
Offshore Betting Lines
NFL Betting Lines at MyBookie.ag
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