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US Sports Betting Market Looking At Expansion

Published

7 years ago

June 5, 2017

Sports betting legalization in the US could be possible through a new Congressional bill. The Gaming Accountability and Modernization Enhancement Act, or GAME Act, made its Congressional debut through the Energy and Commerce Committee. The bill calls for the repeal of PASPA, or the Professional and Amateur Sports Protection Act, the federal ban on sports betting that has been standing for 25 years.

PASPA bans sports betting in 46 states, with Oregon, Delaware, Montana, and Nevada the only exceptions. Out of these four, Nevada is the only state to offer single-game betting through licensed and regulated brick-and-mortar and online sportsbooks. The GAME Act, if passed, would effectively repeal PASPA and allow for a legal and regulated framework to be set up for casinos, poker rooms, and sportsbooks nationwide.

All authoritative oversight would fall to the Federal Trade Commission which would also be responsible for establishing consumer protections each state must adhere to before being able to offer sports betting. Sports betting would need to be legalized via voter referendum per state and the individual states would handle their own regulation.

This expansive ambition is the product of Representative Frank Pallone, the head of the Energy and Commerce Committee and fierce sports betting advocate. Pallone has authored previous bills that called for sports betting in his home state of New Jersey, but those pale in comparison to the scale of the GAME Act.

His state also recently lost out on its initial sports betting case thanks to the Solicitor General. That case was the preliminary effort against PASPA, though it tried to work around the ban instead of calling for it to be repealed.

Legal sports betting is not impossible for US residents. Bettors can make the trip to Nevada and walk into one of the physical sports betting locations, or they can try their hand at one of the Nevada Gaming Commission’s regulated online sportsbooks. There are also other options in offshore sportsbooks. US federal law permits US residents to place bets with legally sanctioned and regulated offshore sportsbooks providers.

The top reputable offshore sportsbooks that accept US residents emulate the Las Vegas brick-and-mortar sports betting experience but with more perks. These perks include a wider selection of betting lines and wagering types, 24/7 live chat support, and exclusive bonuses and promotions that give players more money to bet with at no additional cost to bettors.

Pallone’s GAME Act could potentially reimagine the US sports betting landscape. US-based online gambling initiatives have not been able to compete with offshore providers in terms of selection or services rendered. This has led to a vast migration of American bettors over to these sites. Pallone even cited the $400 billion sports betting industry that is being missed out on because of PASPA in the GAME Act’s introductory session. He also admitted that the bill does need some revisions if it is to pass through the legislative process.

However, if the GAME Act passes and there is a nationwide sports betting framework created, the US might start to see some of the traffic divert away from offshore betting sites and instead opt for US-based online sportsbooks. In fact, US-based sportsbooks may even try to offer a similar bonus incentive structure with more betting lines and wagering types so they can become more competitive within the industry.

All of this rides on the GAME Act successfully passing, which will likely be a drawn-out process. Sports betting advocates have been lobbying for this type of legislature, and the GAME Act may very well be the answer they have been looking for.

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Best Banking Options at Offshore Casino Sites For 2024

Published

1 day ago

April 22, 2024

Offshorebettingsites.net

In the world of online gambling, offshore casino sites have emerged as popular destinations for players seeking entertaining gaming experiences and convenience. However, one crucial aspect of offshore casinos is their deposit and withdrawal options.

Below, we will discuss the best banking options for offshore casino sites in 2024 and the benefits each method offers. So, if you are interested in starting an account, read below to find the perfect offshore gambling banking method for you.

Why Casino Banking Methods Are Important

Offshore casino banking distinguishes itself from traditional banking methods by offering a broader spectrum of financial services tailored to the needs of online gamblers. These services are designed to ensure secure and efficient transactions, adhering to the stringent regulatory standards governing offshore operations.

The Advantages of Offshore Casino Banking

Anonymity: Offshore banking provides players anonymity, safeguarding their financial privacy and confidentiality.
Global Accessibility: Players can access online banking services anywhere globally, eliminating geographical restrictions.
Diverse Payment Options: Offshore casinos offer various payment options, including cryptocurrencies, e-wallets, and traditional banking methods.
Enhanced Security: Vigorous encryption protocols and advanced security measures protect transactions against cyber threats and fraud.
Faster Withdrawals: Offshore banking typically offers expedited withdrawal processes, ensuring rapid access to winnings.

Cryptocurrency Deposits & Withdrawals

Bitcoin circle coin logo Cryptocurrencies have revolutionized the online gambling industry, offering unparalleled anonymity and security. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are widely accepted at offshore casinos. All the casinos in our fastest payout offshore betting guide accept some form of crypto.

Cryptocurrency deposits and withdrawals often avoid added processing fees that are sometimes associated with money-transfer services. Offshore Bitcoin casinos often process BTC transactions in minutes, making them one of the fastest banking options available in 2024.

E-Wallets & Prepaid Cards

E-Wallets such as PayPal, Skrill, and Neteller have become a preferred banking method for many online gamblers. The abovementioned platforms facilitate fast deposits and withdrawals, robust fraud protection mechanisms, and 24/7 customer support.

Prepaid cards like Paysafecard provide players with a convenient and secure means of funding their casino accounts. With no link to personal bank accounts or credit cards, prepaid cards offer an additional layer of anonymity and control over spending in 2024.

Mobile Payment Solutions

With the rise of mobile gaming, mobile payment solutions like Apple Pay and Google Pay have gained traction among online gamblers. These platforms offer convenience and speed, allowing players to fund their accounts with a simple smartphone tap.

Elevating Your Offshore Gaming Experience

In conclusion, the top banking options at offshore casino sites cater to the diverse needs of players worldwide, offering a blend of security, anonymity, and convenience. Whether utilizing cryptocurrencies, e-wallets, or traditional banking channels, players can enjoy seamless transactions and unparalleled gaming experiences at offshore casinos.

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Betting On The Master’s Golf Tournament With Offshore Sportsbooks

Published

2 weeks ago

April 10, 2024

Offshorebettingsites.net

The Masters Golf Tournament is one of the most prestigious golfing tournaments in the world, and the best players come together to compete for a green jacket.

Over the years, numerous superstars and relatively unknowns have won the tournament, etching their names in golf history. For fans, betting on the competition adds a new level of entertainment.

Below, we will discuss how to bet on the Masters with offshore sports betting sites.

Sportsbook Apps: The Power Is In Your Hands

One of the best features of online sportsbooks is their mobile capabilities. Today, you do not have to travel to place bets on the Masters when you can access the internet. Mobile sportsbook apps can be downloaded from any offshore gambling site if the player confirms their age by providing some personal information.

Once you have gained access to the exciting world of mobile gambling, golf odds are at the tip of your fingers. Popular sports offered by offshore sites include football, boxing, basketball, soccer, baseball, and, of course, golf.

Hole In One Odds For The Masters

After reviewing the odds, one of the best lines we see is the hole-in-one odds. At +700 for no hole-in-one, a $100 bet would pay out $700. Only 34 holes in one have ever been recorded in 87 editions of the Masters golf tournament.

Below, you will see the current odds from Bovada’s online sportsbook concerning a hole-in-one.

Odds via Bovada

Hole In One?

No Hole In One+700
2+ Holes In One-600
3+ Holes In One-350
4+ Holes In One-150
5+ Holes In One+130
6+ Holes In One+250

Future Odds

In addition to hole-in-one odds, you will also find a large supply of future odds for the 2024 Masters tournament. Some of the betting options include who will win the 2024 Masters, the first-round top five, the first-round top ten, and much more. You will also find odds for the 2024 PGA tour, LIV golf competitions, and more.

Below are select odds from Bovada’s online sportsbook for the 2024 Masters golf competition.

Overall Winner

Scottie Scheffler +450
Jon Rahm +1200
Rory McIlroy +1200
Xander Schauffele +1500
Brooks Koepka +1800
Hideki Matsuyama +1800
Jordan Spieth +2200
Joaquin Niemann +2500

1st Round Leader

Scottie Scheffler+1000
Rory McIlroy+1800
Jon Rahm+2000
Brooks Koepka+2500
Jordan Spieth+2500

1st Round Birdies – Brooks Koepka

Over 4.5 +120
Under 4.5 -155

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Online Roulette Betting Options At Legal Offshore Casino Sites

Published

4 weeks ago

March 25, 2024

Offshorebettingsites.net

Online roulette betting is one of the most popular casino options for players willing to spin the wheel for real money. While the thrill of hitting a bet with 1-1 (red/black, odds/even) odds or 35-1 (specific number) odds, there is an apparent reason why players tend to gravitate towards this game.

We recommend that all offshore casino sites offer multiple online roulette options, including American and European Roulette. In addition to classic roulette betting options, each site in our guide offers other variations, including Double Dragon Roulette and Zoom Roulette.

Below, we will discuss the many different roulette betting options you can find online and the differences among them.

American Roulette: Double Zero

American Roulette, characterized by its distinctive double zero (00) pocket on the wheel, offers a thrilling yet slightly altered gameplay experience compared to its European counterpart.

The double zero pocket elevates the house edge, tipping the scales slightly in favor of the house. Consequently, players must bet accordingly to navigate the heightened level of risk.

European Roulette: Single Zero

European Roulette showcases a more favorable arrangement with a single zero (0) pocket on the wheel. This singular zero configuration reduces the house edge, providing players with improved odds and more chances to win.

Online gambling enthusiasts often gravitate towards European Roulette for its balanced gameplay and enhanced winning potential.

Key Differences: House Edge and Payouts

The primary discrepancy between American and European Roulette lies in their respective house edges. American Roulette, boasting both single and double zero pockets, has a higher house edge than European Roulette, which has only a single zero.

This variance directly impacts payout structures, with European Roulette typically offering slightly better returns to players due to its lower house edge. However, for players who like to risk it all on the green pockets, American Roulette offers an additional chance to land on the green.

Is Offshore Casino Gambling Legal In The United States?

Yes, no federal gambling laws make online betting illegal in the United States. The US federal government lets states decide what can and cannot be accessed online.

Almost all US states allow offshore betting in some capacity, with Washington being the odd man out. The state of Washington enacted legislation to make all online betting illegal despite not policing the matter.