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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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Thanksgiving Day NFL Betting Odds From Offshore Sportsbook Sites

Published

1 week ago

November 20, 2023

Offshorebettingsites.net

Turkey Day is just around the corner, and this year, there are three NFL matchups you can wager on to earn a little extra stuffing.

Football has been a Thanksgiving Day tradition for many sports fans for as long as they can remember, given that the NFL first started playing games on the holiday in the 1920s. Today, the Dallas Cowboys and the Detroit Lions both always play on Thanksgiving Day.

The Cowboys started their Thanksgiving tradition in 1966, while the Lions started their tradition in 1934. Detroit is currently 37-44-2, and the Cowboys are 32-22-1 all-time on Thanksgiving Day.

Betting On 2023 Thanksgiving Day Football Games

To lay some action on the NFL Thanksgiving Day matchups, your best bet will be with offshore sportsbook sites that service the United States. While domestic sportsbooks are now located around the US, only a few states have authorized online sports betting.

Offshore sportsbooks also utilize non-traditional banking methods such as betting with Bitcoin, altcoins, and other P2P methods. Once you have created an account and made your first deposit, you can wager on any game you choose.

2023 Thanksgiving Day Odds

Below are the current odds for betting on the NFL on Thanksgiving Day. As you can see, the Lions, Cowboys, and 49ers are all favored to win their games. There are three ways to bet on each of the game lines below.

The “win” betting line is the most popular option as it chooses a winner by any margin; however, don’t sleep on the spread and totals, as they are great options for close games that can go either way.

Green Bay Packers vs. Detroit Lions

Spread: +7.5 (-110), -7.5 (-110)
Win: +285, -370
Total: O47.0 (-115), U47.0 (-105)

Washington Commanders vs. Dallas Cowboys

Spread: +10.5 (-105), -10.5 (-115)
Win: +400, -575
Total: O48.5 (-115), U48.5 (-105)

San Francisco 49ers vs. Seattle Seahawks

Spread: -7.0 (-110), +7.0 (-110)
Win: -300, +250
Total: O42.5 (-110), U42.5 (-110)

Odds Via Bovada

Time To Eat

We always suggest setting a budget and only risking what you can afford to lose, and this Thanksgiving is no different. While it is time to eat, it is also a time to enjoy good company with family and friends. We hope your holidays are full of cheer and you also score some excellent football action.

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Win Free Spins Playing Slot Titles At Offshore Betting Sites

Published

3 weeks ago

November 6, 2023

Offshorebettingsites.net

One of the best features of offshore betting sites is the bonus and promotional offers associated with their casino services.

Now that the end of the year is near, many trusted online casino sites are offering promotional offers to their account holders, and if you enjoy gambling on slots, then you need to see these offers.

Bovada Free Spin Bonanza

Our top-rated online casino, Bovada, is currently giving away thousands of free spins.

Right now, Bovada is guaranteeing 250k free spins to 25k weekly winners. To qualify, you must pay $10 or more on any slot title on the site. For each slot title where you wager over $10, win or lose, you will be issued a digital ticket into the weekly drawing.

The weekly Free Spin Bonanza prize distribution is as follows.

Bovada slots bonanza prize distribution

Casino Max 325% Slots Bonus

Another one of our favorite online casinos, Casino Max, is offering a 325% deposit match bonus when you deposit up to $1,000 on the site. The best part about Casino Max’s slot bonus is that you can use the bonus on your first three deposits.

While most bettors will only deposit $100 or so, a 325% match is a great bonus offer for avid slot players. Casino Max’s slot bonus does require a 40x playthrough before you can withdraw the funds, but if you bet high on slots, that requirement can be reached quickly. Bonus offers at offshore betting sites such as this one do lend compelling incentives to visit and stick around for a while.

BetOnline Ultimate Spin-Off

BetOnline is offering a weekly tournament for their top slot players. To earn a spot in the contest, players must generate at least $4,000 in total casino handle and play at least four days a week to qualify for the competition. Qualified participants will receive an email on Monday night to confirm their invitation to the tournament.

Below are the weekly cash prizes distributed to participants of the weekly slots tournament offered by BetOnline.

BetOnline slots tournament weekly prizes

Mobile Slot Options For 18+ Players From The USA

The age requirement for the most trusted offshore betting sites varies, but for some of the sites listed in our guides, you can register a new account if you are at least 18 years old.

All the sites we recommend are licensed by trusted gaming commissions and hold current compliance records that ensure players that the odds are fair and the security protocols are working correctly. The most common encryption technique utilized by online e-commerce sites is Transport Layer Security (TLS) and Secure Socket Layer (SSL).

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NFL Future Odds Still Hold Great Value After Week Six Of Regular Season

Published

1 month ago

October 23, 2023

Offshorebettingsites.net

One of the most fruitful ways to bet on the NFL online is to bet with future odds early in the season.

Future odds can range from the next Super Bowl winner to divisional winners and often provide the best odds as teams have a 1/32 chance to win the Super Bowl and a 1/16 chance to win the conference. As the season starts to unfold, the odds for the best teams will creep towards zero, and the odds for the worst teams will skyrocket.

Below, we will discuss NFL future odds and show you offshore sports betting sites where you can wager on the odds provided.

Super Bowl & Conference Future Odds

The NFL Super Bowl is one of the most anticipated sporting events in the world, and with ESPN reporting that Super Bowl LVII was the most-watched telecast ever, you can see why the event has so many people placing their bets.

Each year, the NFL Super Bowl crowns the best overall team and defines them as the football champions for the season. Bettors can get in on the action by placing bets on their favorite teams, and the earlier you place your bet, the better the odds will be.

Bovada’s online sportsbook is a trusted site for USA players wanting to bet on the Super Bowl and other sporting events. Below are the current NFL futures for the 2023-24 season offered at Bovada.

Super Bowl 58 Winner

San Francisco 49ers +375
Kansas City Chiefs +450
Philadelphia Eagles +650
Miami Dolphins +950
Dallas Cowboys +1000
Baltimore Ravens +1200
Buffalo Bills +1200
Cincinnati Bengals +2000
Detroit Lions +2000

AFC Championship Winner 23/24

Kansas City Chiefs +200
Miami Dolphins +400
Baltimore Ravens +600
Buffalo Bills +600
Cincinnati Bengals +1200

NFC Championship Winner 23/24

San Francisco 49ers +150
Philadelphia Eagles +250
Dallas Cowboys +400
Detroit Lions +900
Seattle Seahawks +1800

Other Ways To Bet On The NFL Season

In addition to future odds, offshore sports betting sites offer game lines, props, prop builders, parlays, and other ways to bet on the NFL action. Game lines offer three sets of odds, including spread, win, and total odds, so you aren’t limited to betting on who will win the game.

Prop Builders At Offshore Sportsbooks

While many prop odds are available to bet on, some offshore gambling sites have started to provide online prop builders where you can build prop bets with the team or player of your choice.

Once a team or player is selected, you can choose the lines you wish to wager on depending on the team or position. Sportsbooks will then generate odds for the props you choose. Prop builders are also a great way to parlay bets to increase your winning potential.

NFL prop builder

Can I Get In Trouble For Gambling With Offshore Betting Sites In The United States?

Offshore betting sites offer a safe and convenient way to gamble online on sports, casino games, and poker. US gambling laws do not outlaw offshore betting sites. However, states can prohibit the practice.

Only Washington state has outright banned online gambling, while other states have only addressed their domestic options.