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The Guide To Gambling On Sports Legally Online
In many parts of the world, gambling on sports online is a very simple process, simply sign up to a sportsbook of your choice, deposit some money and start betting. However, in some places, online sports betting can be a more difficult affair especially in the US, which is the focus of this article.
In the following guide, you’ll see an explanation of the legal situation in the US, moving onto where US players can gamble online, then the methods used in depositing and withdrawing money, finishing with some advice on choosing the right sportsbook for US players.
Legal Online Sports Betting – The US Legal Situation
Although some of the legal issues surrounding online gambling in the US can be a bit of a grey area, the current situation is that banking transactions between financial institutions and betting sites are considered illegal. This has never been the subject of a test case because the banks pretty much all refuse to knowingly complete a gambling transaction. In addition, betting on many professional sports is not allowed in most states, though, horseracing and greyhound betting are often allowed.
At the present time, no individual American has ever been arrested, indicted or prosecuted under Federal laws for gambling online. Some states have wide open laws banning all gambling, many of which are thought to encompass online betting.
Legal Online Sports Betting – Where US Gamblers Can Play
The only option for US sports bettors is to bet offshore with online gambling sites. These sites are based in Antigua or Netherlands Antilles where gambling online is legal. They take deposits by processing under international codes and have built up large and loyal followings.
Legal Online Sports Betting – Depositing and Withdrawing Funds
The most popular and easiest way of depositing to an offshore sportsbook is by using a Visa credit card. Several sportsbooks accept this payment from American sports bettors. The Visa card will either come in the form of a credit card where you’ll pay off the balance at the end of the month or let the balance roll over, a debit card where the funds will be transferred direct from your current account or a pre-paid card which will normally have a small fee attached to it.
Unfortunately, you will not be able to withdraw any funds back to your Visa card. The most popular way of receiving your funds back is through a paper check, though, using a money transfer service is another option for some larger payouts, including Money Transfer.
Legal Online Sports Betting – Finding the Right Sportsbook
There are many factors you should consider when choosing the right sportsbook for you and I have listed some of these.
Reputation – When making real money transactions with any company, as in any walk of life, you want to feel safe in the knowledge that your investment is safe and it’s no different when it comes to gambling. In an ideal world, you’d like to sign up to a sportsbook that has been in the marketplace a long time as a long standing firm will be more likely to pay out with no problems and have a good level of customer service.
Bonuses – Many sportsbooks will offer bonuses when signing up to the site, either in the form of a free bet or an amount added to your account balance. These bonuses will normally have terms and conditions attached, so check these out as some bonuses that may on the surface look better than others.
Availability of bets – Does the sportsbook offer all of the bets you actually want? You may have a particular interest in betting in a less popular sport, does the site cover this sport and if so, in the amount of detail you want? As an example, you might want to bet on European Basketball totals. If the site doesn’t cater to this, you can cross them off your list.
Pricing Competitiveness – Does the sportsbook offer odds in line with the other sites or are they better. In many ways this can be the most important factor when deciding a sportsbook as we’re all in this game to make money. If the pricing is not competitive, it’ll be much harder to increase your all-important bankroll.
Staking Restrictions – Some sportsbooks will penalize successful bettors by reducing the size of the bets that the individual has. Although frustrating, it is a part of the gambling industry, so check online to see if the sportsbook you have in mind has a track record of this.
Legal Online Sports Betting – Overview
Although not as easy as it once was, online sports betting for US players is still viable and if you follow some of the advice, it can be relatively straightforward. Pick the right site for you using the above guidelines and your sports betting experience will be an enjoyable one.