Global Offshore Sportsbooks Have not Slowed Down
What do you know about global offshore sportsbooks? Many people think they may have taken a hit after the legalization of sports gambling in many of the US States. While that list keep growing, there are very few that can match the convenience, bonuses and lines offered at offshore sportsbooks.
Key Points
– An offshore sportsbook is one located outside of the U.S.
– Global sportsbooks offer many advantages over local and large U.S.-based bookies.
Global Offshore Sportsbooks Have It All
Yes, the sports betting industry is on fire. Billions of dollars are being wagered just by U.S. bettors alone each year. What many may not realize though is that global offshore sportsbooks are the preferred choice of most bettors over local and commercial U.S.-based sportsbooks.
With so many new bettors entering the market, there are undoubtedly thousands upon thousands that don’t even understand the difference between an offshore sportsbook and those that operate locally.
Let’s start there because the offshore sportsbook presents many advantages over the commercial U.S.-based options.
SPORTS BETTORS – WHAT IS YOUR PLAN FOR SUMMER BETTING
An Offshore Sportsbook
It’s a pretty simple concept. An offshore sportsbook is one that does not operate within the U.S. It is ‘offshore’ because it operates outside the borders of the country.
There are offshore sportsbooks all around the world. Many of the more prominent ones used by Americans are located in Central America and the Caribbean. There are offshore books in Europe and even Asia.
Most offshore operations have been around for a long time. For years, offshore sportsbooks were illegal, but Americans have been placing bets offshore for decades. They will likely continue to do so for years to come.
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Competition is Key
Offshore books have been competing with each other for years. With the introduction of large U.S. sportsbooks, nothing has changed. Offshore books continue to offer the best in odds and lines.
Bettors will find the most competitive pricing at offshore sportsbooks. One of the easiest things bettors can do to improve their winning percentage and increase their bankroll is to simply shop for lines.
Time and again, the best lines and odds are found at offshore sportsbooks. They have been doing it for so long, they have become extremely efficient.
Betting Options at Global Offshore Sportsbooks
Bettors will continue to flock to offshore sportsbooks because they just have all the bets customers are searching for. When you want action on the NFL but also on European soccer, Russian hockey, and Asian table tennis; you aren’t going to find it in the newer U.S.-based sportsbooks.
As mentioned, offshore operations have been doing this for a long time. They know what bettors want and they continue to cater to them. For the most betting options, smarter bettors go offshore.
You really need to ask yourself; is your sportsbook meeting your needs?
Easy Access
If you use a local bookie, you are tied to a brick and mortar building and to times when the location is operating. Offshore sportsbooks operate online and are open for business 24 hours a day, seven days a week, all year long.
It doesn’t matter where you are, when you want to place a bet you can simply go online and do so. An offshore sportsbook is available to a bettor anywhere, anytime.
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Best Bonuses From Global Offshore Sportsbooks
U.S.-based sportsbooks offer some incentives, but they pale in comparison to those offered by operations located offshore.
Operating outside of the U.S. means these sportsbooks are not subject to any state or federal laws. That means they don’t pay any state or federal taxes either. There is much less regulation on a sportsbook in Costa Rica, for example, than one in New Jersey.
America’s Bookie is known in the industry to have the best incentive package available. From deposit bonuses and gambler’s insurance to contests and other rewards, they’re the sportsbook to use.
Not having to pay taxes and not having to deal with regulation, offshore sportsbooks can pass on some of their savings to customers in the form of outstanding bonuses and incentives. Bettors will find generous welcome bonuses, reload bonuses, contests, and much more at offshore sportsbooks.
Oftentimes, it is worth opening a betting account at an offshore sportsbook just to take advantage of the bonuses.
Remain Anonymous Offshore
Offshore sportsbooks offer the ability for bettors to remain anonymous. Their software technology can keep customers’ personal and financial information secure.
Plus, offshore books will deal in cryptocurrency. The big one, of course, is Bitcoin and most every offshore sportsbook accepts it as a form of deposit and withdrawal.
Using Bitcoin, bettors that want to stay off the grid for whatever reason can do so. That’s not possible when doing business in a sportsbook based in the U.S. There is too much regulation that requires far too much information for a bettor to remain anonymous.
It’s yet another advantage of using an offshore sportsbook. Until something changes in regards to government regulation, don’t expect local bookies or large U.S. sportsbooks to gain much ground.
A bettor that places a bet and wins $5,000 or more at a sportsbook in the U.S. will be hit with roughly a 25 percent tax bill. The same bettor that wins $5,000 at an offshore sportsbook will pay zero tax and keep all of the winnings.
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