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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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Betting On The Master’s Golf Tournament With Offshore Sportsbooks

Published

1 week 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

3 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.

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Blackjack Betting Options With Offshore Betting Sites

Published

1 month ago

March 14, 2024

Offshorebettingsites.net

Blackjack is one of the most popular casino games of all time, and offshore betting sites offer multiple variations of it.

Known as one of the easiest card games to learn, blackjack or 21, is played worldwide and is a staple on any casino floor. With some skill and luck, blackjack players can beat the dealer and fund their entertainment for the night or walk away with some winnings.

Below, we will discuss the game of blackjack and all the online wagering options available at legal offshore casino gambling sites.

How To Play Online Blackjack

To play online blackjack, players aim to achieve a hand total closer to 21 than the dealer’s without going over. To begin, each player is dealt two cards face up, while the card dealer receives one face up and one face down.

Numbered cards are worth their face value, face cards are worth 10, and aces can be worth 1 or 11. Players decide whether to “hit” (receive another card) to improve their hand or “stand” (keep their current hand). They can also choose to “double down” (double their initial bet and receive one more card) or “split” (if they have a pair, they can split them into two separate hands).

Once all players have completed their actions, the dealer reveals their face-down card and must hit until they reach 17 or higher. If a player’s hand beats the dealer’s without exceeding 21, they win. If the dealer’s hand exceeds 21, all remaining players win. However, if the dealer’s hand beats the players, they lose their bets.

Online Blackjack Variations

Online, you will find many variations of twenty-one, allowing players to choose their style of play. While the game’s name often describes the variation, all blackjack games are identical. Popular blackjack variations include Classic, Single Deck, Double Deck, European, Perfect Pairs, Pirate 21, Pontoon 21, Super 7, and Zappit blackjack.

A general rule is that the lower the decks used, the lower the house edge. Each game has slightly different rules on whether the dealer will hit or stay on a soft 17. Since the dealer is last to reveal his cards and players must decide to hit or stay on their dealt cards, the dealer always has a slight advantage.

Split, Insurance, and Side Bets

In addition to playing your hand, side bets and other options can be utilized depending on what variation you play.

A “split” bet can be played when you are dealt a matching pair of cards. Those cards can then be split into two individual hands. Both cards will then be dealt another card, and a player can decide to hit or stay.

An “insurance” bet can be placed when the dealer draws an ace. At Bovada’s online casino, an insurance bet is half the total bet and pays 2:1. It typically assures players that they don’t lose money. card dealer –