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US Sports Betting Market Looking At Expansion

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Offshore Sportsbook Example

Sports betting legalization in the US could be possible through a new Congressional bill. The Gaming Accountability and Modernization Enhancement Act, or GAME Act, made its Congressional debut through the Energy and Commerce Committee. The bill calls for the repeal of PASPA, or the Professional and Amateur Sports Protection Act, the federal ban on sports betting that has been standing for 25 years.

PASPA bans sports betting in 46 states, with Oregon, Delaware, Montana and Nevada the only exceptions. Out of these four, Nevada is the only state to offer single-game betting through licensed and regulated brick-and-mortar and online sportsbooks. The GAME Act, if passed, would effectively repeal PASPA and allow for a legal and regulated framework to be set up for casinos, poker rooms and sportsbooks nationwide. All authoritative oversight would fall to the Federal Trade Commission which would also be responsible for establishing consumer protections each state must adhere to before being able to offer sports betting. Sports betting would need to be legalized via voter referendum per state and the individual states would handle their own regulation.

This expansive ambition is the product of Representative Frank Pallone, the head of the Energy and Commerce Committee and fierce sports betting advocate. Pallone has authored previous bills that called for sports betting in his home state of New Jersey, but those pale in comparison to the scale of the GAME Act. His state also recently lost out on their initial sports betting case thanks to the Solicitor General. That case was the preliminary effort against PASPA, though it tried to work around the ban instead of calling for it to be repealed.

Legal sports betting is not impossible for US residents. Bettors can make the trip to Nevada and walk into one of the physical sports betting locations, or they can try their hand at one of the Nevada Gaming Commission’s regulated online sportsbooks. There are also other options in offshore sportsbooks. US federal law permits US residents to place bets with legally sanctioned and regulated offshore sportsbooks providers. The top reputable offshore sportsbooks that accept US residents emulate the Las Vegas brick-and-mortar sports betting experience but with more perks. These perks include a wider selection of betting lines and wagering types, 24/7 live chat support and exclusive bonuses and promotions that give players more money to bet with at no additional cost to bettors.

Pallone’s GAME Act could potentially reimagine the US sports betting landscape. US-based online gambling initiatives have not been able to compete with offshore providers in terms of selection or services rendered. This has led a vast migration of American bettors over to these sites. Pallone even cited the $400 billion sports betting industry that is being missed out on because of PASPA in the GAME Act’s introductory session. He also admitted that the bill does need some revisions if it is to pass through the legislative process.

However, if the GAME Act passes and there is a nationwide sports betting framework created, the US might start to see some of the traffic divert away from offshore betting sites and instead opt for US-based online sportsbooks. In fact, US-based sportsbooks may even try to offer a similar bonus incentive structure with more betting lines and wagering types so they can become more competitive within the industry. All of this rides on the GAME Act successfully passing, which will likely be a drawn out process. Sports betting advocates have been lobbying for this type of legislature, and the GAME Act may very well be the answer they have been looking for.

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May Madness: Offshore Betting Giant Bovada Debuts NFL Sim Classic Tournament

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Madden 20 generated image of Patrick Mahomes with an NFL The Sim Classic logo

A majority of the United States is preparing to reopen for business after a lengthy COVID-19 shutdown, but major sports are still on hold for at least the next few weeks. During this pause in the action, odds on video game simulations have been given the spotlight at top-rated offshore betting sites.

One of the largest and most trusted offshore sportsbooks in the industry, Bovada, has jumped into the video game sims betting ocean with both feet, presenting The Sim Classic, a tournament of simulated NFL games using Madden 20 as the software.

The Sim Classic began on May 9th and will last until the 24th.  There will be a minimum of sixty simulated NFL contests that can be seen in the Sim Classic section of Bovada’s sportsbook. Links will also be provided in the betting line to view the stream directly on Twitch.

Futures odds on which teams will advance to the round of 16, division winners, and which team will be declared the champion of the Sim Bowl are offered. Live in-game betting is an option, as well as parlays for multi-game action.

The style of play is similar to that of FIFA World Cup Soccer tournaments. Each four-team NFL division will compete amongst themselves, with the top two teams advancing to the sweet 16 where it becomes a loser-goes-home, winner-take-all tournament.

Last season’s rosters will be used, with the game skill setting at rookie level. The contests will be quite lengthy with fifteen-minute quarters but will be slightly accelerated with a 20-second play clock. Weather will not play a factor in these matchups as conditions for each game will be set to partly cloudy.

The games at regulated offshore casinos are run by software that is held to the highest industry standards and offer glitch-free play. The same cannot be said for Madden 20 as glitches can occur that affect final outcomes. If any glitches occur during Sim Classic matchups, it will be considered a game occurrence and will not void any betting odds.

Jacksonville Jaguars @ Houston Texans +7.0

  • Straight: Jaguars +215, Texans -295
  • Total: 55.0

Just like in the real NFL playoffs, all contests must feature a winner. Since there is no human involvement in these simulated games, there is the potential for lengthy matches that last for multiple overtimes.

The Sims Classic is ongoing for the next two weeks, so there is ample opportunity to wager on several games, but don’t wait too long. Below are more examples of the betting lines offered for the tournament.

Sim Bowl Winner

  • Baltimore Ravens +650
  • Kansas City Chiefs +650
  • Green Bay Packers +725
  • Dallas Cowboys +750
  • New England Patriots +750
  • San Francisco 49ers +800
  • New Orleans Saints +850
  • Seattle Seahawks +1400
  • Minnesota Vikings +1600
  • Pittsburgh Steelers +1600
  • Philadelphia Eagles +2200
  • Houston Texans +2800
  • Tennessee Titans +3300
  • Atlanta Falcons +5000
  • Indianapolis Colts +5000
  • Los Angeles Chargers +5000
  • Los Angeles Rams +6600
  • Tampa Bay Buccaneers +6600
  • Carolina Panthers +8000
  • Chicago Bears +8000
  • New York Jets +8000
  • Buffalo Bills +10000
  • Oakland Raiders +10000
  • Cleveland Browns +12500
  • Denver Broncos +12500
  • Jacksonville Jaguars +15000
  • New York Giants +75000
  • Arizona Cardinals +100000
  • Cincinnati Bengals +100000
  • Detroit Lions +100000
  • Miami Dolphins +100000
  • Washington Redskins +100000

AFC Conference Winner

  • Baltimore Ravens +325
  • Kansas City Chiefs +325
  • New England Patriots +375
  • Pittsburgh Steelers +750
  • Houston Texans +1200
  • Tennessee Titans +1400
  • Indianapolis Colts +2000
  • Los Angeles Chargers +2200
  • Buffalo Bills +3300
  • New York Jets +3300
  • Oakland Raiders +3300
  • Denver Broncos +4000
  • Cleveland Browns +5000
  • Jacksonville Jaguars +5000
  • Miami Dolphins +25000
  • Cincinnati Bengals +30000

Division of Sim Bowl Winner

  • AFC East +650
  • AFC North +450
  • AFC South +1200
  • AFC West +550
  • NFC East +600
  • NFC North +500
  • NFC South +650
  • NFC West +450

AFC East Winner

  • New England Patriots -200
  • New York Jets +210
  • Buffalo Bills +1000
  • Miami Dolphins +4000

To Advance from Division

  • Arizona Cardinals +750
  • Atlanta Falcons EVEN
  • Baltimore Ravens -800
  • Buffalo Bills +225
  • Carolina Panthers +175
  • Chicago Bears +300
  • Cincinnati Bengals +750
  • Cleveland Browns +350
  • Dallas Cowboys -1200
  • Denver Broncos +175
  • Detroit Lions +1000
  • Green Bay Packers -700
  • Houston Texans -225
  • Indianapolis Colts +115
  • Jacksonville Jaguars +185
  • Kansas City Chiefs -650
  • Los Angeles Chargers +120
  • Los Angeles Rams +375
  • Miami Dolphins +550
  • Minnesota Vikings -600
  • New England Patriots -900
  • New Orleans Saints -500
  • New York Giants +550
  • New York Jets -275
  • Oakland Raiders +150
  • Philadelphia Eagles -600
  • Pittsburgh Steelers -650
  • San Francisco 49ers -700
  • Seattle Seahawks -800
  • Tennessee Titans -145
  • Tampa Bay Buccaneers +135
  • Washington Redskins +700

AFC East – Division Exacta

  • Patriots, 2. Bills +1000
  • Patriots, 2. Jets +125
  • Patriots, 2. Dolphins +600
  • Bills, 2. Patriots +1200
  • Bills, 2. Jets +4000
  • Jets, 2. Patriots +375
  • Jets, 2. Bills +750
  • Jets, 2. Dolphins +8000
  • Dolphins, 2. Patriots +20000
  • Dolphins, 2. Jets +6600
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Offshore is Still the Only Political Betting Option for USA Residents

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Bernie Sanders Odds

The presidential election season is heating up in the United States and candidates from both sides of the aisle are hunkering down in preparation for months of battling it out from state to state. Betting on political outcomes continues to become more popular with each passing election cycle, but where can bettors located in the United States go to bet on elections legally?

Although PASPA was repealed in 2018, allowing for states to decide the fate of sports betting in their region, this left the waters for entertainment betting murky. The entertainment category is where political betting finds itself alongside other popular categories such as the Academy Awards, the Grammys, and reality shows such as Big Brother and American Idol.

Las Vegas sportsbooks offer no form of entertainment betting of any kind. For those states that have allowed for in-state regulated gambling and sportsbooks, they have followed the example put forth by Las Vegas and also prohibit entertainment betting. All betting lines offered in those self-regulated regions are for sports only.

That leaves only one political betting option for those living in the United States, and that is a licensed, regulated offshore sportsbook. Our recommended offshore sportsbooks are currently accepting wagers on a variety of political outcomes and are creating new categories frequently. Typically, any offshore sports betting site will also provide betting lines for political outcomes. The best part is, almost all US states allow for offshore betting.

BetOnline is offering these current odds on which candidate will end up being the Democratic nominee in 2020.

Democratic Nominee for the Presidential Election

  • Bernie Sanders +100
  • Michael Bloomberg +225
  • Joe Biden +700
  • Pete Buttigieg +1000
  • Amy Klobuchar +2500
  • Elizabeth Warren +3300
  • Hillary Clinton +3300
  • Tom Steyer +6600
  • Michelle Obama +8000
  • Tulsi Gabbard +8000

Judging by the odds presented here, Bernie Sanders is the current front runner and is expected to win the Democratic nomination. Of course, if you feel that one of the candidates toward the bottom of the list still has a legitimate chance, then place your bet now while the odds are at their highest so you can earn the best payout.

The odds list some candidates that are not currently running for president, such as Michelle Obama and Hillary Clinton. Imagine what their odds would be if they were actually running. Tulsi Gabbard is currently rated at worse odds than Clinton and Obama and should probably consider dropping out of the race at this point. Clinton has been rumored to be attached to Mike Bloomberg’s campaign, but as of August of last year, Obama has no intention of entering the presidential race.

Speaking of dropping out of the race, betting lines have been offered for who will drop out next.

Next Candidate to Drop Out

  • Tulsi Gabbard -150
  • Elizabeth Warren +275
  • Tom Steyer +500
  • Joe Biden +700
  • Amy Klobuchar +1600
  • Michael Bloomberg +3300
  • Pete Buttigieg +5000}
  • Bernie Sanders +10000

The next democratic primary is in South Carolina on February 29th, and a candidate will likely drop out shortly after the results are revealed. Current odds list Bernie Sanders as the favorite in South Carolina, but Joe Biden is listed just behind him. Can Joe pull a fast one in the Gamecock state and get his campaign back on track?

Odds to Win South Carolina Primary

  • Bernie Sanders -120
  • Joe Biden +100
  • Tom Steyer +1600
  • Pete Buttigieg +2000
  • Amy Klobuchar +2500
  • Elizabeth Warren +5000
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Bitcoin Means Smooth Sailing For Offshore Sports Betting Sites

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bitcoin offshore sports betting

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.

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