Jul
23
2019

Online Sports Gambling Laws

Prior to delving into the world of sports betting online, many people stop to wonder if they are breaking any state or local laws. In most states, and even the federal government, have legislation about whether its legal or not to gamble online.

Who Regulates Sports Betting?

The regulations of gambling in the US were entirely discretionary per state until recently. The start of online gambling created confusion about jurisdiction. Who runs the laws of cyberspace? Most current gambling laws were meant to apply to general gambling laws, long before the internet existed. Thus the application of those laws to online gambling are open to broad interpretation.

US Regulation of Sports Betting

Most people ask “Is it legal to run a ports betting operation offshore and take action from clients in the US?” The US will most likely argue it is not legal. However, no bills have yet been passed to prevent any such activities from happening. In recent years, attempts to pass bills of this sort have failed.

The government has placed responsibility of gambling legislation at the hands of individual states. Some states have considered legalizing online gambling but have failed. Some states also have added legislation that prohibits the advertising of online casino (Illinois is one such state). Only three states – Nevada, Louisiana and California prohibit citizens from betting beyond state borders. Such laws are loosely enforced. In fact, most states consider gambling violations misdemeanors with the majority focusing on operators as opposed to the gamblers themselves. To avoid breaking US laws, most internet sportsbooks are located offshore in foreign countries along with their servers!

To be clear, the US government has been trying to pass legislation to deal with the regulation of online gambling. But, because there are so many grey areas regarding who has authority over cyberspace activities, these attempts have been unsuccessful in passing. It’s becoming clear that the US will not be able to effectively legislate online gambling as of now but that’s not to say what the future may hold…

So, Can I Bet Sports Legally?

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Jul
16
2019

How to Gamble Online

There are probably more gambling sites on the internet than any other form of activity. Their popularity is growing exponentially. In the mid 1990s there were only 25 gambling sites on the internet. In 2001 that had grown to 1200. Today there may well be in excess of 10,000 such sites. This is quite remarkable and their growth can be attributed to the amount of cash available to individuals and to the growth of the credit card market.

In general gambling can be broken down into two main types of gambling – Sports gambling and Casino gambling. The Sports gambling covers all major sports such as Horseracing, Greyhound Racing, Soccer, Rugby, American Football, Baseball, Cricket, Basketball, Boxing, Motor Sport, Snooker and Tennis. The Casino gambling embraces Roulette, Blackjack, Craps, Poker and other more obscure card and table games.

Horse racing also provides a platform for trading much the same as trading is done on the stockmarket. There are a number of sites that facilitate such trading. People who use their software never actually gamble on a race. They just trade the Back and Lay prices before the race starts.

It is possible to gamble 24/7 on the internet and that is one of the attractions.

If you want to gamble online there are countless ebooks available to help you learn the various strategies necessary to become successful. But be advised – do not rely on one type of gambling. Set up multiple streams of income if you want to succeed. And do immerse yourself in your chosen sports or pursuits. Remember you want to win. There are plenty of losers. Don’t be one of them.

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