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Online sports betting
#1
Hello,

Online sports betting has been affected by an act which was put in place long before the internet was created. The 1961 ‘Wire Act’ was designed to stop mob activities of using telephones to channel bets to States where this was legal. The Professional and Amateur Sports Protection act of 1992 introduced a ban on Sports Betting in all but a handful of States. Nowadays, Nevada is the only State to offer comprehensive live sports betting opportunities – with strictly limited options elsewhere.
The huge thirst for betting on sports was unleashed with the invention of the internet. Sportsbooks based themselves offshore (in Central America or the Caribbean) from where they offer a huge range of markets on US and global sports. Payments to these sportsbooks were restricted in 2006, with the passing of the UIGEA which focused on transactions between US banks and gambling sites. With some creativity in the deposit and withdrawal options used, the offshore sportsbook industry has continued to thrive. Many of the books have more than a decade of experience, and an excellent track record in looking after their customers.

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