Betting online in the United States can be complicated if you don’t know what you’re doing but once you understand the concept and the steps, it can be fun, entertaining and most of all, profitable. There are numerous regulations that you will need to know about prior to wagering on us betting sites and we will go over each of them within this article.
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Betting Online in the United States
If you intend on betting online in the US, you are going to need to learn the basics of US gambling. Many people assume that because gambling in most states is not permitted that it is impossible to wager on your favorite sport. This is not the case and in fact, its possible to bet at some of the top US sportsbooks in nearly every state in the US if you know what you’re doing.
First and foremost, it is important to know that none of the sportsbooks that you will find online are based within the United States. Mostly all of the online sportsbooks that you will find are located offshore in locations such as Costa Rica, Panama, Curacao and the Philippines.
No matter what offshore sportsbook you choose and no matter where they are located, one thing you are going to want to make sure is that they are fully licensed so you can hold someone accountable for your funding and withdrawals. The last thing you are going to want to have happen is you win a significant amount of money at a offshore account that claims to allow US Sports Betting but later find out that they will not pay you the money you won due to a loophole they have in their policy regarding US bettors.
You will also need to make sure that you can legally make a deposit and know how to make that deposit if you live in the US. We will discuss those issues in the following section but we wanted to briefly inform you that it is possible and you are fully capable of making a deposit by using various options.
Legalities of Betting in the United States
Many questions are always raised on whether it is legal or not to bet using an offshore online betting service. The roundabout answer to that question is bluntly put, the US Government does not allow betting with the exception of certain states. That being said, many people also feel that as long as the service you are using is outside of the United States, it is fine because you are gambling in a outside country.
This is no different than going on a cruise or vacation to Costa Rica and placing a wager while you are there. The funds are housed in that country and the wager is placed in that country, then it is completely safe. A very good rule of thumb when deciding if it is legal to play a wager in that particular state, is if the offshore sportsbook will accept a deposit from you, chances are it is ok to bet with them because the company would take the majority of the liability from the government and no Top US Sportsbook would take money from someone that they could possibly have sanctions placed against them.
In addition, there are laws in place that place policies on websites from conducting business within the US but there is no law directly affecting an individual from placing a wager or bet at some of the popular US Betting Sites.
Safely Betting in the United States
One of the scariest things about US Sports Betting is having to provide your account number, credit card number or other deposit personal information to someone that is outside of the United States and someone that you really have no way of tracking. This is why we recommend utilizing a few backup security measures to make sure your funds are safe.
First things first, we highly recommend that any and all deposits and withdrawals are made using Bitcoin. I’m sure by now you have all heard of Bitcoin but what many are not aware of is the highly encrypted security measures that Bitcoin utilizes! With Bitcoin, instead of using a credit card number or a social security number, you are simply referred to by using a 34 character encrypted key.
These character encrypted keys are safe because when you send money using these Bitcoin’s, you will have a secondary security measure such as you will receive an email or a text message that you must approve, prior to any money changing hands. This creates a security blanket and gives you a peace of mind in knowing your money is safe.
Many of the best US Betting Sites already use or will be using Bitcoin and various other cryptocurrencies in the future. It has become one of the most popular means of making a deposit to offshore sportsbooks in the past year thanks to the increased security and anonymity.
Another thing that we want to point out is pretty much common sense but we will still mention it is that you should never, under any circumstance give out your username or password to your offshore sports betting account, or any passwords associated with your Bitcoin or credit card accounts.
Things to Look out for When Betting in the US
When you are deciding on which is the Best US Betting Sites for your style of wagering, make sure you are looking for that “Too good to be true” aspect of the game. If a company is promising you the world in exchange to try to get you to use their company, it may be best to look elsewhere.
In addition, if the sportsbook doesn’t accept some of the major forms of currency such as Bitcoin, Credit Card, E-Wallet or if they ask you to send the money to a foreign country in exchange for additional bonus, definitely go elsewhere! No valid company in the sports betting industry will ask you to send the money to a third party.
They will have the ability to accept your deposit, as well as provide you with the ability to receive a withdrawal via various options.