How Does Offshore Betting Work?

What comes to mind when you hear the phrase “offshore betting”?

Offshore betting sites are usually located in countries where gambling is legal and regulated, and they are subject to the rules of that country. 

Offshore betting sites also offer many advantages. For starters, they are often much cheaper than their brick-and-mortar counterparts. They also provide a more comprehensive range of betting options, so you can find the perfect game to suit your needs.

And because they are not subject to the same taxes and fees as traditional casinos, they can offer better odds and payouts. So if you are looking for a safe and affordable way to gamble, offshore betting might be right for you. Make sure you do your research and choose a reputable site.

Read on to learn all about offshore betting!

Defining Offshore Betting

Offshore betting is defined as gambling on a site located in a country other than where the bettor resides. Many people see it as a legal gray area, but it is legal in most jurisdictions.

There are some exceptions, so it is always best to check the laws in your own country before placing a bet offshore. There are several reasons why people might choose to bet offshore.

But the most common one is because it’s easier and more convenient than betting with a local bookie. With offshore betting, you have a much more comprehensive range of markets to choose from. You can also often find better odds.

Of course, there are also some risks involved in betting offshore. The main one is that you might not be able to get your money back if the site goes out of business or refuses to pay. Because of the number of sites and the risk of losing real money, choosing a reputable offshore betting site is essential.

The History of Offshore Betting

In the early days of offshore betting, bookmakers would take bets by telegram or telephone. You had to call the bookmaker and give them your bet details to place a bet, and they would then give you a quote for the odds. If you accepted the odds, they would take your bet.

This system was called “betting by appointment.” Offshore betting took off in the 1970s when David Jenkins set up the first offshore bookmaking operation in Antigua. Most people credit Jenkins with inventing the “point spread,” which revolutionized offshore sports betting.

Before, bettors simply decided whether a team would win or lose. With the point spread, betting became more sophisticated and more interesting, as it became possible to bet on the margin of victory. Today, offshore betting is big business.

Bettors wager millions of dollars offshore every day, and the industry shows no signs of slowing down. 

The Legality of Offshore Betting

Offshore gambling is legal in the United States. But, there are a few requirements you must meet to gamble offshore.

First, the gambling site must be outside of the United States.

Secondly, the site must be licensed and regulated by a government jurisdiction.

Finally, the site must accept US customers.

How Does Offshore Betting Work?

So, how does offshore betting work? Well, it is actually quite simple. You need to find an online gambling site that accepts bets from US residents.

Once you have found a site, you will need to register for an account and deposit some money. Once you have done that, you can start placing bets on the games that you want to play. It is important to note that not all online gambling sites are created equal.

Some sites are more reputable than others and offer better odds and higher payouts. It is essential to do your research to make sure you’re using a reputable site before you start gambling.

Tips for Safe Offshore Betting

Offshore betting is a popular way to gamble on sports and other events, but it is not always clear how it works. Here are some tips for safe and legal offshore betting:

Ensure the site you are using is licensed and regulated by a reputable authority.

Be aware of the different types of bets you can make, and choose the ones that best fit your goals and risk tolerance.

Keep track of your bets and be mindful of your bankroll.

Take advantage of bonuses and promotions, but read the fine print first.

It is important to note that you may be subject to taxes on your winnings if you live in the United States. You should check with a tax professional to ensure you do everything legally.

The Different Types of Offshore Betting

When it comes to offshore betting, you can place different types of bets. The most common type of offshore bet is the point spread bet, where you bet on the outcome of a game, and the sportsbook sets the odds.

The second most common type of offshore bet is the money line bet, where you bet on the winner of a game.

The third most common type of offshore bet is the total bet, where you bet on the total number of combined points scored in a game by both teams.

The fourth and final type of offshore bet is the futures bet. This is where you bet on the outcome of a future event, such as the winner of the Super Bowl.

What to Look For in an Offshore Betting Sites

Offshore betting sites are not subject to the same rules and regulations as traditional offshore sportsbooks. These regulations can be both a good and a bad thing. On the one hand, it allows them to offer a broader range of betting options and services.

But, it can make it difficult to know if they are reputable and safe to use. Here are some things to look for when choosing an offshore betting site:

• A valid gaming license from a reputable jurisdiction
• Good customer reviews
• A wide range of betting markets
• Competitive odds
• A user-friendly platform
• Fast and reliable customer service

First, you need to ensure that the site you’re using is reputable and trustworthy. There are a lot of scams out there, so it is essential to do your research. Once you have found a reliable site, you need to make sure that you understand the terms and conditions of the site.

Finally, you need to be aware of the risks involved with offshore betting. While it can be a great way to make extra money, you need to be mindful that you could lose everything you put in. Betting on sports is a risk, but as long as you know the risks involved, you can cut them.

Offshore Betting Sites vs. Traditional Sportsbooks

Offshore betting sites offer several advantages over traditional sportsbooks. They are often located in countries with more favorable tax laws and regulations, resulting in lower costs for the bettor. Offshore sites also tend to offer higher limits and more bonuses than traditional sportsbooks.

However, offshore betting sites are not subject to the same level of regulation as traditional sportsbooks, which can make them a risky choice for some bettors. When choosing an offshore betting site, make sure the site is reputable and has a good track record.

Offshore Sports Betting Tips

Some strategies for success at offshore sportsbooks include: 

1. Know your game: The first key to beating the odds at offshore sites is to know the ins and outs of the game or sport you’re betting on. Study up on team and player statistics, read expert analysis, and understand the implications of various lineups before placing your bet.
2. Pay attention to the line: Before placing any bets with offshore bookies, pay attention to the line. The line is the oddsmaker’s way of handicapping a game, and you should understand how it works before placing your bet.
3. Shop for the best line: You should always shop for the best line regardless of what offshore sportsbook you use. Numerous online sportsbooks offer different lines for the same game, and it’s essential to find the one offering the most favorable odds for your bet
4. Don’t chase losses: It’s always tempting to quickly win back your lost money, but fast decisions are often wrong in the sports betting world. If you start placing bets because you want to get back money that you’ve lost, you’re probably making bad decisions. It’s essential to slow down, maintain your discipline, and take your time, especially if you’ve gone through some tough losses.  

Here are eight of the top offshore betting sites.

1. Bovada

Bovada is an online sportsbook and casino based in Costa Rica. The company was founded in 1997 and is one of the most popular gambling sites for US players. Bovada offers a wide variety of sports betting options, casino games, and poker.

Bovada has one of the largest customer bases in the industry and a track record of fast payouts, easy deposits, and significant betting limits. 

As one of the largest gambling sites in the world, Bovada offers several bonuses for new players. You can receive a 75% bonus of up to $750 on your first deposit with Bitcoin for sports betting. For other deposit methods, you can receive a 50% bonus of up to $250. 

Read also: Explained – How to Win Bovada $250 Welcome Bonus

You can also receive up to $275 for each friend you refer to Bovada ($200 for regular users, $275 if you use Bitcoin). When you consider the variety of sports you can bet on, the number of table games, bonuses, and the fact that they have a large online poker community, Bovada might be the best offshore betting site. 

2. Betonline

BetOnline Sportsbook and Casino is one of the most reliable online betting brands since 2001. This offshore bookie is based out of Costa Rica but regulated by Panama and its government.

US players love this sportsbook because of several reasons. Higher wager limits, great odds, and availableness on different devices, including desktop, mobile betting, IOS, and android.

Up to $1000 in welcome bonuses of 50% and 100% are ready for all new players. Players can enjoy betting on a variety of sports and leagues, including US major sports, soccer leagues all around the World, esports betting, live betting, and many more. Those who love poker and casino will enjoy the site too. Betonline is one of the most trusted and reliable brands for more than 25 years.

3. MyBookie

MyBookie is a legal and licensed betting site. That means they follow all the government’s rules and regulations. They also use the latest encryption technology to keep your personal and financial information safe. When you create an account with them, you’ll be able to deposit and withdraw money using various methods.

MyBookie is a reliable offshore betting site that offers various betting options. You can bet on sports, casino games, and horse racing. The site is easy to use and offers competitive odds. Withdrawing your winnings is easy, and their customer service is excellent.

In terms of bonuses, MyBookie offers new members a 100% match of their first deposit in free play. They also offer a $1,000 bonus for Bitcoin players. If you’re looking for a safe and secure way to bet on sports, MyBookie is the site for you.

Mybookie Odds

Mybookie is a mixed bag when it comes to odds. They have some excellent value bets, which are bets offered at odds that are too good to pass up, but you can often find better odds at other sites for many games. It may be best to take advantage of these value bets at Mybookie and then look for better odds on different games at one of the other sites listed. 

4. BetUS

BetUS is a sportsbook, racebook, and online casino that offers its services to worldwide clients. The company has been operational for over two decades and is headquartered in Costa Rica.

BetUS has earned a reputation as a reliable and trustworthy gambling services provider. The company offers a wide range of betting options on various sports, including football, basketball, baseball, and hockey. In addition to sports betting, BetUS also provides casino games, horse racing, and poker.

They are a licensed and regulated gambling provider, and their services are available to clients in the United States. They also offer a 200% crypto bonus (150% sports betting/50% casino), one of the most generous bonuses available. 

BetUS History

BetUS is one of the oldest online sportsbooks in operation today. Founded in 1994, BetUS was one of the first sportsbooks to open shop on the World Wide Web. BetUS has been respected in the industry for years and continues to offer a top-notch sports betting experience for its customers.

Though BetUS may not be as large or as well-known as some of the other sportsbooks in the industry, it has still managed to carve out a loyal following of customers.

5. Bookmaker EU

Bookmaker EU is a European-based betting site, but it’s also open to customers from all over the globe. The website is relatively new, but it’s already become a popular destination for online gambling.

One thing that makes Bookmaker EU unique is its focus on safety and security. The website uses the latest security technologies to protect its customers’ information. It also has a strict anti-fraud policy.

Another thing that makes Bookmaker EU stand out is its user-friendly interface. The site is easy to navigate and provides a great user experience. They offer various cryptocurrency bonuses on deposits of up to 100%. The higher the bonus, the higher the rollover, so you’ll want to factor that in before deciding to go with the 100% bonus.

They also offer a bonus on regular deposits of 15% cash and 60% casino bonuses.  

If you’re looking for a safe and secure place to gamble online, Bookmaker EU is a great option.

Unique Bets at Bookmaker EU

While other sites offer traditional sports betting options, Bookmaker EU gives bettors opportunities to bet on everything from politics to sports. For example, you can bet on American presidential elections, who will win a Grammy in each category, and what singer will win Eurovision 2022. 

While these are fun bets, some of them can’t be found on US sports betting sites, particularly the political ones. 

The site also has some of the best odds on soccer games worldwide, from the Premier League to the Bundesliga. You can bet on whether Liverpool will win the quadruple or whether a particular team will be promoted to the UEFA Championship. 

6. BetNow.EU

BetNow.EU is an online sportsbook that offers bets on a variety of sports. You can bet on sports from all over the world, including Europe, Asia, and the Americas.

BetNow.EU offers gambling services to European Union citizens. It was founded in 2006 in Malta and is currently headquartered in London. The company is licensed and regulated by the UK Gambling Commission. BetNow.EU offers online sports betting, casino games, and poker. In addition to gambling services, BetNow.EU also provides customer support and financial services.

They are a secure and reliable betting company that offers a great range of betting options and features. Customers can be sure that their bets are placed in a safe and secure environment. The company provides several features to help customers stay in control of their betting.

The site started in 2015 and has seen strong growth because of its new player bonuses and easy-to-use interface. They also offer a rebate, where bettors can recoup 10% of their casino-related losses and 8% of horse racing losses. While this isn’t technically a bonus, it does mean that you’ll get more for your money from this sportsbook.

The company also recently lowered the minimum bet from $10 to $1, meaning those with smaller bankrolls can risk less while learning how to place bets on the site. The company offers a 50% sign-up bonus up to $500, with a 10x rollover. With this bonus, if you deposit 500, you’ll receive $750 in your account, but you’ll have to place $7,500 in bets before you can withdraw the bonus money. 

7. XBET

Xbet is a betting platform that allows you to place bets on various sports and events. Whether you’re a fan of football or basketball or looking to place a bet on a more niche sport like cricket or darts, Xbet has you covered.

How does Xbet work? It’s actually quite simple. After creating an account and logging in, you’ll be able to browse the various markets and odds on offer. Once you’ve found a bet you like, you can simply click to place your bet and wait for the event to take place. If your bet is successful, you’ll receive your winnings in your account, which you can then withdraw or use to place further bets.

Xbet is a relatively new online sportsbook that has quickly become a favorite among sports bettors. There are several reasons why Xbet is unique and appealing to bettors. They offer a wide range of sports betting markets, which gives bettors more options to choose from.

Xbet also provides competitive odds on all of its markets, leading to excellent profits. They frequently offer generous bonuses and promotions, further increasing your bankroll. They currently offer a 50% deposit bonus up to $500, and a $100 refer a friend program. They also give bettors access to 24/7 customer service, so you can get in touch with someone if you ever have any issues. 

8. SportsBetting.AG

SportsBetting.Ag is a completely legal betting site, and it is licensed by the Curacao eGaming Commission.

SportsBetting.Ag offers a wide variety of betting options for its users, including live betting, parlays, and more. The website also provides members with news and features about upcoming events and tips and advice from experts. SportsBetting.AG is a safe and secure place to bet on sports and offers a variety of payment methods, such as credit cards and 17 types of crypto coins.

They are a crypto-friendly site, offering a bonus on Bitcoin deposits of 100% up to $1,000 and a 35% bonus on every reload. You can also receive a 50% welcome bonus of up to $1,000 for other types of deposits. 

The site offers frequent $10,000 predictor challenges for different events, such as the NHL and NBA playoffs. In these events, entry is free, and players earn money depending on how many points they score compared to the other entrants. In the NBA playoff predictor challenge SportBetting.AG recently had, the prize for first place was $1,250!

What Are You Waiting For?

The offshore betting world is complex, but you can make it work for you and score some big wins with a bit of research. With this guide in hand, you’re on your way to becoming an offshore gambling expert. So what are you waiting for? Sign up for some accounts using the bonuses mentioned above and test your sports knowledge. 

If you want to be a successful bettor, you need to have a plan. With our sports betting masterclass, you can learn everything you need to know about developing a plan and making smarter bets.