Updated: August 2017

Online Sportsbooks to Bet on all Major Sporting Events

After a law was passed back in 1992 at the Federal level, the activity of running both sportsbooks and betting shops has become illegal throughout all United States with a few exceptions. There were a couple of states exempt from this law thanks to the fact that they already have laws on the books. This includes: Nevada, Delaware and Oregon. This is a little bit odd since in the state of Nevada there is made sports bets worth up to $500 billion per annum, while other states are not able to cash in from this since there is that federal law.

There were many years when people turned their face towards the illegal bet shops in order to get the wagering action going. A very good percentage of all this was made via the Italian Mafia, and powered by NYC betting rackets, while others also came from other regions, like Detroit for example, which was the second most popular.

There is a good new: you no longer need to deal with any gangster or the mafia in order to place sports bets, since everything can be done now straight from the comfort of your home. All this is now possible thanks to the offshore gambling companies that offer offshore gambling like: BetOnline, BetDSI and 5Dimes, for example.

Placing a Bet is Not Illegal

There is currently no law in USA where placing a sports bet is considered illegal, however that is how we see things. It is illegal only to operate a sportsbook, since the US code is currently only prohibited to be in the business of taking bets, this means that there is absolutely no problem with placing bets.

Since all the sportbooks will be located offshore and at the same time they are protected by the major governments and they operate there legally without any problems, and since they are located outside the US DOJ, they represent an excellent place for Americans to start placing online sports bets.

Online Sports Betting

One of the only things that you have to take into consideration before placing online bets is that the industry that we are dealing with is currently unregulated. This should not cause you too much problem and you should not worry about it, since there is a good number of online sportsbooks out there that already have a good and solid track record plus they have proved to be reliable so far.

One of these sportsbooks that are reliable is Bodog, which has changed its name to Bovada and they have been in service for the US sports bettors ever since 1995, while providing some high quality betting services. After being online for more than 17 years, this online sportsbook has never missed a payment to its bettors and it has easily managed to gain a lot of trust around their brand especially in the US.

This fact regarding the online sportsbook that you are dealing with unregulated industry is definitely going to become a problem for you in case you don’t do some research first. There is a good number of sportsbooks scams reported in the market. For example the online sportsbook Cascade which offered deposit methods and allow you to place bets, but they rarely or close to never pay out the players. The vast majority of sportsbook scams are not going to start off this way. At the beginning the sportsbooks have managed to impress a good number of punters, but after some time they have started to run into financial problems and due to the fact that they could no longer afford to make payments it transformed them into a scam site.

In case you are also interested in learning more information about the sports betting in the US, make sure that you check out our Nevada Sportsbooks page.

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