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Bitcoin Means Smooth Sailing For Offshore Sports Betting Sites
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.
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Salem Approves New Gaming Facility Despite Concerns From Neighboring Communities
Salem, New Hampshire, recently approved a new “charitable” gaming facility despite concerns from the neighboring community of Lawrence, Massachusetts.
Located just over the New Hampshire state line, the city of Lawrence is the poorest in the state, and community leaders fear that a new casino-style gaming facility could lead to addiction and further poverty. Despite the concerns and the city asking Salem to reconsider, the state plans to proceed with the project.
On November 26th, the Salem Planning Board voted 5-2 to approve the project slated for the old Lord & Taylor store at The Mall at Rockingham Park. The casino will offer 1,300+ jobs, multiple restaurants, and event space.
New Hampshire Gambling Laws
The state of New Hampshire does not allow commercial casino gaming; however, it does allow charitable gaming. Charitable gaming in the state consists of blackjack, poker, and roulette. While other casino staples such as slots and baccarat are not allowed, the exception for charitable gaming offers residents entertainment and the state additional revenue.
Despite not having full access to class III casino gaming options, the state has 14 charitable gaming facilities that pay 35% of its gross gaming revenues to local charities. Another 10% of revenue goes to the state to fund educational programs.
Lawrence Officials Speak Out
Stephany Infante, vice president of the Lawrence City Council, is concerned that a new casino just over the state line will target residents of Lawrence. She stated to media sources, “In Lawrence, we’re trying to tackle financial struggle, mental health issues, addiction, et cetera, and this is just going to add another component to those challenges.” She also expressed her concern that “People who are struggling financially, or with gambling, which is an addiction, that’s the clientele any casino targets.”
The Lawrence City Council sent a resolution to the Salem Planning Board claiming that Lawrence residents are a primary target for the new casino. Several Lawrence City residents are concerned that a 10-minute drive to a casino could facilitate further criminal activities tied to money laundering.
Are Online Casinos Legal In New Hampshire?
New Hampshire does not license or authorize online casinos within state lines. Despite the restrictions, offshore casinos have been accepting players from New Hampshire and Massachusetts since the late 1990s and have become the go-to option for many players.
Online casino sites offer players popular casino games such as slots, roulette, baccarat, blackjack, poker, sports betting, and more. They also offer bigger bonuses, traditional and non-traditional casino banking options, and more game variations, which makes it easy to see why many players gamble online.
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Thursday Night Football Betting Odds: Lions vs. Packers
The Week 14 Thursday Night Football matchup features a high-stakes NFL battle as the Detroit Lions host the Green Bay Packers at Ford Field. The game will take place on December 5, 2024, at 8:15 PM ET. This NFC North clash has significant playoff implications, as both the Lions and Packers are in the post-season hunt.
Below, we will examine several key aspects of the two teams and the NFL betting odds associated with the contest.
Overview
The Detroit Lions (11-1) are riding high as division leaders, while the Green Bay Packers (9-3) aim to bolster their playoff hopes. Detroit is seeking a season sweep after a 24-14 victory at Lambeau Field earlier this year.
Game Line Odds
Green Bay Packers vs. Detroit Lions
Spread: +3.5 (-115), -3.5 (-105)
Win: +160, -185
Total: O52.0 (EVEN), U52.0 (-120)
The over/under reflects optimism about a high-scoring affair, though both defenses will play pivotal roles.
Matchups
Jared Goff vs. Packers’ Secondary – Lions quarterback Jared Goff continues to shine, orchestrating an offense that ranks among the league’s best in efficiency. Green Bay’s secondary, led by standout Jaire Alexander, will aim to contain wide receiver Amon-Ra St. Brown.
Jordan Love vs. Lions’ Injured Defense – With Detroit’s defense missing Malcolm Rodriguez and Mekhi Wingo, Love has an opportunity to exploit a weakened front. His connection with wideout Christian Watson will be crucial in moving the chains.
The Battle in the Trenches – The Lions boast one of the NFL’s premier offensive lines, while Green Bay relies on Kenny Clark and Rashan Gary to disrupt the run game and pressure Goff.
Game Prediction
The Lions are expected to win this game, as they did earlier in the season, extending their dominance in the NFC.
How To Bet On NFL Games
Offshore sports betting sites offer the most odds for NFL competitions with game lines, futures, and props for each contest. You can bet on NFL games after creating and funding your account.
Online sportsbooks offer several perks to entice players to take action, including bonus rewards, crypto deposits and withdrawals, and returning player reward programs. Once you set up your account, you can access numerous betting lines with the online sportsbook apps.
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Carnival Prepares For Lawsuit Concerning Casino Practices
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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