headlines

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

Up Next

Offshore is Still the Only Political Betting Option for USA Residents

Don't Miss

‘Game of Thrones’ bettors win big at offshore betting sites

headlines

New Summer Slot Titles At Bovada’s Online Casino

Published

1 week ago

May 22, 2023

Offshorebettingsites.net

As the summer rolls in, so do new online slot titles at Bovada’s online casino. Bovada is known as one of the most trusted offshore casino sites available to USA players, and while they have built an excellent reputation among players since their launch in 2011, today, they are one of the most secure and entertaining online casinos operating from offshore.

Betting on slots is the backbone of domestic and online casinos, as they offer hours of entertainment with multiple ways to win. Most players who play slots have their favorite titles they have grown accustomed to but should not sleep on the new titles as they offer up-to-date technology and encompasses everything learned from player habits and previous releases.

New Slot Titles Available At Bovada

Occasionally, Bovada is known to release additional slot titles. When new titles are added, older titles are typically replaced since there are already tons of titles, and the casino wants to offer its best games and reduce clutter for new users. Some new slot titles are themed as Christmas-related, St. Patrick’s Day-related, or Easter related.

In addition to the tons of slot titles already offered at Bovada’s online casino, they have just released a few more in time for summer 2023.

Oasis Dreams
Golden Savanah
Thunderbird Spirit
Temple of Athena
Galapagos Islands
Vikings
Year of the Rabbit

Hot Drop Jackpot Slots

Hot Drop Jackpots are a new promotion Bovada, and its sister sites use to entice players to play select titles. In addition to the already embedded jackpots and win lines, Bovada is giving additional “Hot Drop Jackpots” that are timed and released every day or once a week. The three jackpots include: Hourly Jackpot, Dailey Jackpot, and Super Jackpot (drops before $300k is reached)

Other Casino Games Available at Bovada

In addition to slot titles, users can play many other online casino games with a single account. The following is just a touch of all the online casino games available at Bovada’s online casino.

Blackjack
Roulette
Video Poker
Craps
Baccarat
Keno
Live Dealer Games

Each of the games available online at Bovada is tested for fairness by a trusted offshore gambling regulator that issues compliance records so that players can ensure they are not being cheated. Our industry professionals have been playing online with Bovada for years and love the crypto banking options, friendly customer support, and bonus options that are available online.

If you are looking for a new online casino, we suggest you see our online Bovada casino review to see what the site offers new players and why we rate them so high compared to their competitors.

headlines

Semifinal Odds Favor Boston Celtics To Win their 17th NBA Championship

Published

2 weeks ago

May 16, 2023

Offshorebettingsites.net

Online sports betting sites are unanimously favoring the Boston Celtics to win the 2023 NBA Finals based on the future odds offered at this time. After a dominant playoff run, the Celtics are poised to have a great season no matter what happens in the later rounds, but fans are laying down cash on Boston to win their 17th NBA Championship.

The NBA Semifinals start Tuesday, May 16th, when the Los Angeles Lakers take the court against the Denver Nuggets for game one of the Western Conference Finals. On May 17th, the Miami Heat will take on the Boston Celtics for game one of the Eastern Conference Finals. The winner of the two series will face off in the 2023 NBA Finals.

Future Odds To Win The NBA Finals

Boston Celtics EVEN
Denver Nuggets +250
Los Angeles Lakers +290
Miami Heat +1400

Lakers vs. Nuggets – Western Conference Finals

According to most NBA betting sites, the Los Angeles Lakers are a slight underdog, but the odds are close. Nikola Jokic has been lighting it up in the postseason, but he must lead his team against a young Los Angeles Lakers team led by NBA superstar Lebron James.

Lebron James is near the end of his professional basketball career, and he is playing with a mission this season, but he might have met his match with Nikola Jokic. Jokic is almost ten years younger than Lebron and only getting better as time passes. Below are the game lines for game one of the Western Conference Finals.

Los Angeles Lakers vs. Denver Nuggets

Spread: +6.0 (-110), -6.0 (-110)
Win: +200, -240
Total: O223.0 (-110), U223.0 (-110)

Heat vs. Celtics – Eastern Conference Finals

The Miami Heat are considered long shots in this NBA matchup, as they had to win a play-in contest to advance to the first round of the NBA playoffs. However, the Heat has been more determined than ever after almost going out against the Atlanta Hawks earlier in the play-in games.

The Boston Celtics seem unstoppable with Jason Tatum’s hot hand going into the Eastern Conference finals, but the Heat will likely do all they can to slow him down. Odds boards have the Celtics as heavy favorites in the game lines and future odds section, but anything can happen in the paint.

Miami Heat vs. Boston Celtics

Spread: +8.0 (-110), -8.0 (-110)
Win: +285, -370
Total: O210.5 (-110), U210.5 (-110)

Where To Bet On The 2023 NBA Playoffs & Finals

The most trusted offshore betting sites are a good place to start when laying down some action on NBA games. Of course, there are always domestic sports betting locations, but they do not typically offer the conveniences that online sportsbooks offer.

headlines

Cryptocurrency Bonus Rewards At Offshore Sports Betting Sites

Published

3 weeks ago

May 8, 2023

Offshorebettingsites.net

Are you a fan of online gambling and cryptocurrencies? If yes, then you’re in for a treat! Offshore betting sites have provided a new and exciting way for gambling enthusiasts to earn bonus rewards through cryptocurrencies.

Below we will discuss how offshore betting sites use cryptocurrencies to offer bonus rewards and why you should consider taking advantage of them if you frequently wager online.

What are Cryptocurrencies?

Cryptocurrencies are digital currencies (money) that operate independently of banks and governmental oversight. They typically use blockchain technology to secure and verify transactions and control the creation of new units.

One of the selling features of cryptocurrencies is that they are decentralized, which means they operate on a peer-to-peer network. Decentralization eliminates the need for intermediaries such as banks or currency exchanges, resulting in lower transaction fees and faster processing times.

Cryptocurrency Bonus Rewards

Offshore betting sites we review, such as Bovada and Café Casino, have started to embrace cryptocurrencies and offer bonus rewards to their customers that deposit with an accepted digital currency. Crypto rewards are given as additional funds in your betting account.

The bonus reward amount can vary depending on the betting site and the type of cryptocurrency used. However, these rewards are not uncommon to be equivalent to a percentage of your deposit. For example, if you deposit $100 in Bitcoin, you may receive an additional 75% bonus reward in the form of Bitcoin.

Why You Should Consider Cryptocurrency Bonus Rewards

There are several reasons you should consider taking advantage of cryptocurrency bonus rewards for several reasons. Firstly, they offer an additional way to earn money while betting on your favorite sports, casino games, or online poker tournaments.

Secondly, using cryptocurrencies can provide you with greater privacy and security when betting online. Since these currencies operate independently of banks and governments, they offer additional protection against fraud and identity theft.

Thirdly, using cryptocurrencies can also result in faster processing times for deposits and withdrawals. Faster deposits and withdrawals can be especially beneficial if you want a more seamless betting experience.

How to Buy Crypto Online And Fund An Online

To buy cryptocurrency online, you must sign up at a popular exchange where you purchase bitcoin or other altcoins. Some crypto exchanges also act as digital wallet where you can store your digital funds, but we recommend utilizing a different digital wallet that provides additional securities.

Once you have an address for your digital wallet, you can send purchased digital currencies to your address. The process is also similar when funding your online betting account. Once you sign up and verify your identity, you can fund your offshore betting site with traditional banking methods or use digital currencies to get more bonus perks. Once you have your digital wallet address and crypto in the bank, you can send as much as you like to the offshore betting site by scanning the QR code provided or entering your digital wallet address.