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.)

1. Create a free account at a reputable offshore sportsbook.
2. Create a free account at LocalBitcoins.com.
3. Use Zelle (US bettors) or another instant transfer product (International bettors) to purchase BTC from a private seller on LocalBitcoins.
4. Use the Bitcoin to deposit into your sports betting account.
5. 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.

Recently the New Zealand Government has discovered that multiple offshore gambling sites have been using the official New Zealand web address (.nz). At least 13 offshore gambling sites operating outside of New Zealand has been using the web address. The Department of Internal Affairs (DIA) told media sources that the 13 sites are now blocked.

New Zealand carries a reputation of being a well-regulated country, and DIA officials believe that criminal organizations are taking advantage of their reputation by using their official country-based web address with no affiliation.

Offshore sites have often caught a bad reputation because of rogue sites claiming validity. Before signing up with any gambling site, it is a smart choice to do some research into the brand. Check out online reviews or play some free play games to get used to the action.

While the recent incident happened in New Zealand it is no surprise that there are other illegal offshore sites operation around the world in countries like the USA, Germany, Australia, and others. Here are the top three most important factors to consider when trying to validate an offshore gambling site.

Licensing & Compliance Records

Trusted online gambling sites will have a license from a gaming regulator and compliance records to show that their games have been subjected to outside testing. This information is usually easy to find since validated offshore casinos are proud of their licenses. You can usually scroll to the bottom of the home page to get a good start on finding online gambling licensing information.

Gaming software

Gaming software is one of my personal favorites. Let’s say that you found an online casino site that also offers a good bonus and multiple games you would like to wager on.  You check the site out and find that they use RTG Games (Real-time gaming), Rival, Playtech, or NetEnt. Games. To verify that the games all you have to do is go to the gaming manufacturing website and verify that they produce those titles.

Reputation

Reputation is probably the most important aspect to verify before giving out your personal information to an online gambling site. To verify an offshore betting sites reputation you can ask any of your friends who might have played the site, or you can search a related online forum. Be aware that not everyone will have a good story to tell and you need to know how to read between the lines. Did this guy leave a bad review because he got caught cheating or did the site screw this guy? I always look for things like payout speed, where the site is licensed from, and how long they have been operating.

Our Guide

Our guide is the collaborative effort of a team of online betting experts who have put their focus into offshore gambling sites. Legal online gambling is still in its infancy in the USA, and many states believe they just don’t have access to online sports betting, poker, or offshore casino gambling.

Even with the federal sports betting ban removed offshore sportsbooks and other offshore wagering services are in no imminent danger of going away.

On May 22^nd, 2018, the Supreme Court of the United States (SCOTUS) ruled that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional. The PASPA act was first enacted in 1992 and was a federal law that banned domestic sports betting in 46 of 50 states. During its 26 years of existence, the PASPA act shaped how many people looked at sports betting in the United States.

Now that PASPA is out of the way, several US states have already enacted laws and launched domestic sports betting operations. Some of these operations also include online sports betting within state lines or mobile betting while on casino grounds. Below you will find several reasons offshore sportsbooks and other offshore wagering services need not to worry about the changing gambling landscape across America.

As It Stands – The Federal Wire Act

The Federal Wire Act is a federal mandate that restricts online gambling services in the USA from crossing state or country lines.Until the Federal Wire Act is repealed orrevised, states will not be allowed to offer online services across state lines. States that have enacted online gambling platforms must have location restrictions based on GPS coordinates or ISP providers.

Built On Reputation

Offshore sportsbooks and other offshore gambling services have been servicing a majority of the United States for over a decade now, and many bettors have grown accustomed to the betting service. While US gambling laws make using an offshore betting service harder, many users and account holders have found ways to make the service work for them.

Offshore Bonus Options

Offshore gambling services like to add bonus funds, perks, and other incentives for their account holders.Online bonuses are one of the best perks for playing an offshore site. Casino, sports, poker, and bingo services all use online bonus options to lure in potential account holders. These bonus incentives can be lucrative for online players and are often a deciding factor for which site to play.

The Cryptocurrency Option

Offshore gambling services are typically trendsetters when it comes to online commerce. Offshore sportsbooks, offshore casinos, and offshore poker sites are all among the first online commerce sites to accept cryptocurrencies. Not only do they accept crypto, but some offshore sites will accept multiple forms of cryptocurrency including BitCoin, LiteCoin, Dash, Ethereum, BitCoin Cash, and more.

User-friendly deposit methods, customer reputation, and sportsbook bonuses are often the tipping factors over US-based online sportsbooks. The main concern for US online bettors is the withdrawal process. The Unlawful Internet Gaming Enforcement Act (UIGEA), specifically bans banks from processing transactions received from offshore gambling services, and in some cases, this might be the deciding factor for potential account holders.

Other Stats And Predictions

The American Gaming Association estimates that Americans collectively wager about $150 billion annually in the black market and with offshore sportsbooks. That number is likely to fall over the next few years as many more states are considering the option of legal sports betting. However, while legal US sports betting might hurt some offshore profit margins, don’t expect offshore betting sites to be going anywhere anytime soon.

Some offshore operators are predicting that the legalization of sports betting and other online wagering services across the USA will increase revenue to their sportsbook, poker, or casino site. Many people believe that the legality of online gambling carries a stigma resulting from the April, 15^th, 2011, Black Friday debacle. Now that new gambling legislation is passing across the United States more people will be informed of the legalities surrounding online gambling and offshore gambling sites locally and from afar.

Over the past year, the US has seven states that have launched domestic sports betting and numerous other states that have launched state-based online gambling services.