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Bitcoin Means Smooth Sailing For Offshore Sports Betting Sites

Published

4 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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Best Banking Options at Offshore Casino Sites For 2024

Published

1 week 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

3 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

1 month 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.