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Bitcoin Means Smooth Sailing For Offshore Sports Betting Sites

Published

5 years ago

November 4, 2019

Local sports betting venues and kiosks are commonplace in much of the world, with several international regions also coming onboard in embracing the pastime.

That said, no sports wagering market is growing more quickly than that in the US, as nearly 20 states have legalized the activity since the Supreme Court overturn of the Professional and Amateur Sports Protection Act (PASPA, 1992) in mid-2018.

In fact, according to CNBC, more than half of Americans live in states that will offer regulated sports betting within the next year or two.

However, even as locally regulated betting shops and domestically operated Internet sportsbooks come online, the options provided for by offshore betting sites remain superior for most bettors in most areas.

The reason for this is simple: Bitcoin support.

No domestic sportsbook in the US or any other country currently accepts Bitcoin (BTC) as a banking option, meaning that you cannot deposit or withdraw with the popular cryptocurrency at these venues.

For many bettors and punters, that’s a deal breaker, as Bitcoin is fast becoming a major industry unto itself, threatening to eclipse many online payment platforms the world over.

To be certain, Bitcoin and other cryptocurrency (aka altcoin) support is not the only reason to use offshore betting sites instead of local domestic options. However, it’s arguably the most compelling reason, and it remains so for both the US and international markets.

Benefits of Bitcoin

There are several overarching reasons to use Bitcoin when patronizing an offshore sports betting service, which is why so many people are turning to the revolutionary non-fiat currency alternative.

While some of BTC’s selling points may not appeal to or seem mission critical for all users, the aggregate of features on offer demonstrate how Bitcoin remains in a class of its own re electronic financial transactions.

No transaction fees – When you use BTC to deposit or withdraw at offshore betting sites, there are no added transaction fees. The only transfer surcharges you will ever pay with Bitcoin are those natively assigned by the cryptocurrency itself, and these usually amount to pennies at most.
Next-level security – Bitcoin offers the best data security measures of any financial product – or any electronic product – in the world. Bitcoin is said to be quantum hacking resistant, and the open ledger blockchain technology originated by BTC is the gold standard in encryption and fraud prevention.
Greater anonymity – Bitcoin is not fully anonymous, but it offers greater anonymity than any banking product on the market. Bitcoin uses numerical wallet addresses – not identities – to send and receive money, and online gamblers value their privacy to a high degree. The old saying is “The Internet is forever.” With BTC, privacy is paramount.
Accepted worldwide – Bitcoin is accepted worldwide, and it can be sent person-to-person, person-to-business, business-to-person, or business-to-business quickly and easily. There are no banks to hold up your transfers and make you wait days when you want to bet on tonight’s game or match, and there are no watchdogs sniffing around to delay or intercept your private BTC transfers.
Larger deposit bonuses (US, CAN only) – For US and Canadian sports bettors, Bitcoin deposits come with the online betting industry’s biggest promotions. While those in other countries cannot take advantage of these at this time, they’re still a huge bonus (literally!) for eligible bettors.
Same-day withdrawals – Bitcoin is the only way to receive same-day withdrawals from major online betting sites. Other payouts, regardless of the type (bank wire, money order, courier check, etc.) will all take at least 3-5 days, but Bitcoin withdrawals will typically show up in your wallet within an hour or two.

Despite its efficacy for online gambling and sports betting, Bitcoin isn’t going to be right for everyone, and many bettors who are used to dealing with fiat money or traditional credit/debit banking are trepidatious to get into a new form of technical currency.

That said, the main issue holding bettors back from embracing BTC is the initial buy-in process. In most markets, including the US, new Bitcoin users have to go through a lengthy acquisition process that can take up to 10 days.

Fortunately, there is a workaround for this.

In the US, new users can get Bitcoin in just a few minutes by using the Zelle-to-Bitcoin process. Zelle is a product of the US banking industry, and most bank account holders already have access to Zelle. Via this instant transfer system, would-be crypto bettors can use Zelle to purchase BTC at a private exchange called LocalBitcoins.com.

This reduces the initial buy-in from days to minutes, and LocalBitcoins does business in more than 200 countries around the world. This gives international punters the same fast way to get their hands on BTC and transfer it to their betting sites of choice.

How To Buy Bitcoin At LocalBitcoins

The steps to purchase BTC quickly and easily at LocalBitcoins follow, showing the process for American bettors. However, regardless of the country you’re in, the main procedure will be largely the same. (Some US-centric books will walk their customers through the Zelle-to-BTC process from their cashier/deposit pages.)

Create a free account at a reputable offshore sportsbook.
Create a free account at LocalBitcoins.com.
Use Zelle (US bettors) or another instant transfer product (International bettors) to purchase BTC from a private seller on LocalBitcoins.
Use the Bitcoin to deposit into your sports betting account.
Place your bets!

Note: LocalBitcoins, though powered by private buyers and sellers, is very safe to use. The site uses an escrow system to hold any BTC after a sale is agreed to, giving the seller zero opportunity to abscond with your funds.

When regulated, US-based sports betting first became a wide-scale reality in 2018, there was much talk of offshore sportsbooks eventually being hampered by the legislation and the move toward domestic bookmakers.

But this hasn’t been the case, and membership is up across the board at offshore books in the roughly 18 months since PASPA was eliminated. Even in countries that have had domestic books in operation for years, offshore sites thrive.

And Bitcoin remains the biggest reason why.

Related Topics:Bitcoin offshore gambling Zelle

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Carnival Prepares For Lawsuit Concerning Casino Practices

Published

1 day ago

November 21, 2024

Offshorebettingsites.net

Carnival Cruise Line, an international tourism company, has faced scrutiny over the years. Still, one of the most notorious cases happened recently when a casino player went missing from the ship.

Shane Dixon went missing earlier this year after gambling in the casino on the P&O Cruises. The cruise set sail from Australia, where gambling laws are strict when it comes to excessive gambling practices. Authorities believe that Dixon jumped overboard after losing a substantial amount of money in the casino. Dixon had accumulated a $9,000 debit at the casino throughout two nights. This incident has raised serious legal questions about the casino’scasino’s practices and the potential liability of the cruise line.

A lawyer representing the Dixon family said that P&O Cruises incentivized patrons to gamble by offering credit, free alcohol, and additional cruise offers. These practices are illegal in Australia but are standard practices in international waters.

Casino Practices and Legal Scrutiny

The Carnival Cruise line has been criticized and faced legal action for certain practices within its onboard casinos, with allegations ranging from lack of transparency to concerns over gaming fairness. These legal challenges have put the company under significant scrutiny and could have far-reaching implications for the future of cruise ship casinos.

Complaints often center on unclear gaming rules and other practices that disadvantage players. These issues raise broader questions about regulatory oversight for casino operations in international waters and the legitimacy of cruise casinos.

Legality Of Offshore Casino Cruises

Due to international maritime laws, casinos operating on cruise ships often fall into a regulatory gray area. However, legal challenges suggest a growing push for stricter oversight to protect consumer interests. This underscores the need for transparency, fair odds, and straightforward terms in the industry.

Offshore casinos operating from trusted gaming jurisdictions are often scrutinized by regulatory agencies that test the games for fairness and ensure player protections are in place. The same could be implemented for casino cruises, but for now, the absence of a regulatory body is a cause for concern.

Are Cruise Ship Casinos Legit?

Cruise ship casinos do not have to be regulated by a trusted regulatory agency; Therefore, they are not considered legitimate. While some onboard casinos do opt to have regulation, others do not since they only operate in international waters.

Gambling incentives are another telltale sign that a casino lacks legitimacy. The practices that led to Shane Dixon’sDixon’s disappearance will have their day in court, and Carnival Cruise will likely try to settle out of court to avoid further legal challenges. This potential for legal action underscores the need for accountability in the industry.

The offshore casinos we review only operate online and are all regulated by a trusted governing body. Many games and substantial slot libraries host popular titles like Buffalo Run, A Night with Cleo, and many more online.

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2024 US Presidential Election Odds From Offshore Sports Betting Sites

Published

2 weeks ago

November 5, 2024

Offshorebettingsites.net

The 2024 US presidential election is November 5, 2024, and offshore sports betting sites offer odds on who will win the Presidency.

Over the last couple of months, Republican candidate Donald Trump Sr. has sparred with Democratic candidate Kamala Harris over immigration policy, abortion rights, inflation, and several other key elements of each administration.

This article will discuss US politics and political betting odds associated with each candidate. We will also discuss how to lock in odds on election day.

2024 Candidates: How Did We Get Here?

Former President Donald Trump Sr. has been running a re-election campaign since 2020 when he lost office to Joe Biden. After an attempt by Nikki Haley and other prominent Republicans to secure the nomination, it was clear Trump still had the majority support of the party. Trump went on to secure the party’s nomination just a couple of days after an assassination attempt in Butler, Pennsylvania.

After the first official 2024 Presidential debate, current President Joe Biden ended his re-election bid and threw his support behind his vice president, Kamala Harris. Biden’s poor debate appearance sparked concern over his mental ability to lead the country. Despite entering the race late, Kamala was able to debate Trump once.

Sportsbook Odds For President

The best offshore sports betting apps have Trump as the favorite; however, that could change as votes count. Based on the odds, bettors can expect a red wave, but polls can often be misleading.

When Trump won the Presidency in 2016, he was behind in all the polls. In 2024, he has regularly been behind in the polls and is expected to lose the majority vote. However, he could easily win the Presidency with enough electoral votes.

Below are some current odds available for election day 2024 from Bovada’s online sportsbook.

US Presidential Election 2024 Winner

Donald Trump Sr. -175
Kamala Harris +145

Winning Party

Republican Party -175
Democratic Party +145

Party Of Popular Vote Winner

Democratic Party -220
Republican Party +160

Is Betting On US Politics Legal In The United States?

No federal laws make betting on elections illegal in the United States. While state-licensed sportsbooks often do not accept wagers on politics, offshore betting sites do. The online sportsbooks we review have accepted US players since the early 1990s and are all licensed by a reputable governing body.

Sportsbook sites often accept currencies to attract US bettors, including popular digital currencies such as Bitcoin and Litecoin. You can also find great sign-up bonuses, numerous rewards programs, and sites accepting players over 18.

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Monday Night Football Odds From Offshore Sportsbook Sites

Published

1 month ago

October 21, 2024

Offshorebettingsites.net

The 2024-25 NFL season is in full swing, and betting odds for this Monday Night Football contest are already posted.

This Monday will host two NFL games featuring an NFC vs. AFC team: the Ravens vs. the Buccaneers and the Chargers vs. the Cardinals.

NFL betting odds are available for games and games that will be played later this week. Game line odds are often available a few days before the match, whereas futures and props are available all year.

Below, we will discuss the game line odds for tonight’s matchups and discuss why the odds favor each team.

NFL Game Lines

NFL game lines are probably the most popular sportsbook odds in existence. They offer three ways to bet on the game. The money line or win is the most straightforward bet, as it is essentially picking who will win the contest.

Below, you will see that the Ravens and Chargers are favorites, as their win and spread line odds offer little value. However, if the Bucs or the Cardinals can win tonight, some good money could be made if the bet hits.

Ravens vs. Buccaneers

Both the Ravens and Bucs are looking towards the NFL postseason with current winning records. Ravens QB Lamar Jackson, alongside RB Derrick Henry, has been an almost unstoppable force on the ground attack. Most critics believe the Buccaneers have been playing above their expected ability and have relied heavily on the hot hand of quarterback Baker Mayfield, who has played well this season.

Odds from trusted offshore sportsbooks believe that the Buc’s defense will struggle against the Raven’s ground attack. With Lamar’s ability to create plays, it will be a tough fight, win or lose.

Baltimore Ravens vs. Tampa Bay Buccaneers

Spread: -3.5 (-115), +3.5 (-105)
Win: -200, +170
Total: O50.0 (-115), U50.0 (-105)

Chargers vs. Cardinals

Both the Chargers and the Cardinals have struggled this year. The Chargers are currently 3-2; a loss would take them to .500 for the season. The Cardinals are currently 2-4, and a win could set them up for a late-season playoff run.

Odds indicate the Chargers should win this competition, but anything could happen on the field.

Los Angeles Chargers vs. Arizona Cardinals