Legal
Issues
There are presently no laws barring you from opening an
account with an offshore sportsbook and placing bets over
the internet. What the government has unsuccessfully tried
to argue thus far is that it is illegal for an American
to be accepting wagers over telephone lines. See our section
on Legal Gambling Issues and
Updates for the latest information.
Reporting
Winnings
You should always report any gambling winnings to the IRS
at tax time. Be certain to deduct any gambling losses up
to the reported winnings amount.
Research
Your Sportsbook
Offshore sportsbooks vary significantly in fiscal stability.
There are betting sites online as we speak that have no
intention of paying out a single penny. They have slick
web sites and seemingly excellent customer service skills
when players are making a deposit, but things change quickly
when a player attempts to cash out his winnings. Fortunately,
our research has shown that the
sites on our recommended list ALWAYS pay their winners
… fast and on time!
Personal
Security
Credit card fraud is a hot topic these days with ever increasing
cases of identity theft being reported. With this is mind,
we suggest that players be extremely careful when providing
credit card or bank account information. In fact, the only
certainty we have on this issue is that the shops on our
recommended list are
amongst the safest and most secure of any sites on the web.
We simply will not share our personal data with a sportsbook
that is on our Warning or Avoid lists.
Funding
Your Account
Decide in advance how you plan to send money to your offshore
betting account. Today, with the increasing number of credit
card transactions being declined for online gambling transactions,
one must be prepared with alternate funding methods. We
suggest NETeller.
NETeller is the leading online money transfer service for
the gaming industry and provides the quickest, cheapest
and most secure way to transfer cash in and out of your
wagering account. Opening a NETeller account is like using
an online wallet - You are able to deposit, withdrawal,
and transfer funds instantly. The shops that we recommend
offer free deposits and many offer bonuses based on NETeller
transactions.
Opening
Your Account
Opening an offshore sportsbook account is an extremely simple
process. Be certain that you enter all information correctly
as this information will be used to send you your winnings!
Again, when funding your account, we recommend Neteller
… this is the safest and most sure-fire method for
making sportsbook and casino deposits, as well as collecting
winnings. And remember
to check our Recommended
List first BEFORE you open that account. Don’t
take chances playing anywhere but with the best.
