Best offshore sportsbooks for online betting?
in Betting Forum ·
I figured it was time for me to jump into this discussion too.🙂
I have a few questions:
1. Is there an online sportsbook actually registered with a local branch here in the US? I want to make sure anyone depositing funds isn't accidentally breaking any laws.
2. I have a Mastercard account that I've used before... but now I'm hitting a snag. Up until recently, they had a relationship with Chase, but that account is closed. Now, it seems the only way to fund things from here is through international wire transfers or using a foreign currency account via high voltage. My current account shows everything—balances, limits, transactions—in USD, which makes sense. But as far as I know, a foreign currency account should be able to hold various currencies. So, how am I supposed to deposit funds from a debit card held in Euros? Or even just verify the card when the amount shows in Euros but clearly needs to be in USD... is there some other way to check what my base currency is set to on PayPal?
As for the fact that the Mastercard account is now handled abroad, if you ask me, that's actually better. Based on my reading of the law, nothing says we can't participate in foreign gambling; it simply states we shouldn't be placing bets that are processed within the United States. Since I'm sending my payment directly to a legal entity (PayPal), I'm not committing a violation. The stakes aren't being collected or deposited from within the US... here is a link to the current law, and I've pasted the specific article regarding online betting below, though it's all open for debate (personally, I don't think online sportsbooks should even fall under this category)
http://www.congress.gov/legislation/example-link
Correct me if I've misunderstood anything. And thanks to everyone who takes the time to help me out...😉
FOREIGN GAMBLING ACT
Article 68.
(1) It is prohibited:
2. To participate in foreign gambling if the stakes are being paid within the United States,
3. To collect stakes within the United States for participation and payment in gambling games organized abroad.
http://www.congress.gov/legislation/example-link
P.S. Regarding picking a sportsbook based on bonuses... wrooong... if any of these sites offered me a bonus right now, I’d turn them down in a heartbeat. I've had friends run into way more trouble than they were worth because of those bonuses—mostly when it comes to actually withdrawing winnings. Once you really look at the rollover requirements you have to meet just to keep the money, it completely kills the urge to play... I got lucky once where I hit a bonus and blew through it immediately anyway.🙂
My personal system is pretty simple... I mostly stick to DraftKings and bet365, while I only keep a tiny bit of cash in bwin just to watch their video streams.🙂
I'll have to see how the payouts compare, but for now, I can say bwin is solid because of the live streaming and live betting (which is my preference), as is bet365. DraftKings has a pretty weak live interface... oh, and I tried Expekt once, but they rubbed me the wrong way. Their live section is pure chaos, even if the overall selection isn't bad.
I have a few questions:
1. Is there an online sportsbook actually registered with a local branch here in the US? I want to make sure anyone depositing funds isn't accidentally breaking any laws.
2. I have a Mastercard account that I've used before... but now I'm hitting a snag. Up until recently, they had a relationship with Chase, but that account is closed. Now, it seems the only way to fund things from here is through international wire transfers or using a foreign currency account via high voltage. My current account shows everything—balances, limits, transactions—in USD, which makes sense. But as far as I know, a foreign currency account should be able to hold various currencies. So, how am I supposed to deposit funds from a debit card held in Euros? Or even just verify the card when the amount shows in Euros but clearly needs to be in USD... is there some other way to check what my base currency is set to on PayPal?
As for the fact that the Mastercard account is now handled abroad, if you ask me, that's actually better. Based on my reading of the law, nothing says we can't participate in foreign gambling; it simply states we shouldn't be placing bets that are processed within the United States. Since I'm sending my payment directly to a legal entity (PayPal), I'm not committing a violation. The stakes aren't being collected or deposited from within the US... here is a link to the current law, and I've pasted the specific article regarding online betting below, though it's all open for debate (personally, I don't think online sportsbooks should even fall under this category)
http://www.congress.gov/legislation/example-link
Correct me if I've misunderstood anything. And thanks to everyone who takes the time to help me out...😉
FOREIGN GAMBLING ACT
Article 68.
(1) It is prohibited:
2. To participate in foreign gambling if the stakes are being paid within the United States,
3. To collect stakes within the United States for participation and payment in gambling games organized abroad.
http://www.congress.gov/legislation/example-link
P.S. Regarding picking a sportsbook based on bonuses... wrooong... if any of these sites offered me a bonus right now, I’d turn them down in a heartbeat. I've had friends run into way more trouble than they were worth because of those bonuses—mostly when it comes to actually withdrawing winnings. Once you really look at the rollover requirements you have to meet just to keep the money, it completely kills the urge to play... I got lucky once where I hit a bonus and blew through it immediately anyway.🙂
My personal system is pretty simple... I mostly stick to DraftKings and bet365, while I only keep a tiny bit of cash in bwin just to watch their video streams.🙂
I'll have to see how the payouts compare, but for now, I can say bwin is solid because of the live streaming and live betting (which is my preference), as is bet365. DraftKings has a pretty weak live interface... oh, and I tried Expekt once, but they rubbed me the wrong way. Their live section is pure chaos, even if the overall selection isn't bad.