Just like any other form of gambling, sports betting has also entered the World Wide Web. This has enabled sports bettors to try their chances at an even wider selection of sports. However, online sports betting had been illegal for quite some time.
Various countries all over the world have regulated this matter in their own way, with some imposing strict laws to ban sports betting completely.
Others tend to ignore the lack of legal restrictions regarding online sports betting as an implicit approval.
In any case, sports betting has been present on all continents as a type of entertainment ever since people have managed to find a way around the legislatures.
Nonetheless, in an attempt to legalize and regulate this matter properly, the gambling commissions of respective jurisdictions aim to control online sports betting sites and the services they provide.
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- List of Sports Betting sites accepting players from the USA:
- Frequently Asked Questions
- What types of sports wagers will I be able to place?
- Is there a specific time frame for online betting?
- How can an online sports betting site find me?
- Is there an age limit for online sports betting?
- Is there an online sports betting tax that I would have to pay?
- At what stakes would I be available to bet online?
- Would I need to download any software for online sports betting?
- Which currencies can be used for online sports betting?
- How are deposits and withdrawals processed?
- Are there any free bets which I can claim?
- Licensing Authorities for Legal Online Sports Betting
Many people think that they know all about betting on horses just because they know how to ride one. This is not always true, as betting rules are different from offside rule-outs at a typical football game.
The best strategy for anyone who is interested in online sports betting is to read through the following frequently asked questions section. Learning the basics may not paint the whole picture, but it’s bound to provide you with a knowledge-base which you can easily refill.
Virtually all online sports betting providers enable their users to place the bet of their choice. This means that you can stop worrying whether you will have to abandon your favourite betting system or the scheme you learnt from the local sportsbook. There is more to online sports betting than a single or double wager.
Just like most online services, online sports betting is available 24/7. For one, this is due to the fact that different sports are played at separate parts of the globe. Therefore, online sports betting sites need to be available non-stop in case you may wish to place a bet around 4 AM Central European Time on a match which is about to start in Australia, as the time there would be about 11 AM.
Secondly, although you might be aware about this, In Play wagers are rarely found on specific online sports betting sites. That is why you should pay attention to the match’s starting time in order to place your bet before it rather than look for In Play betting sites.
As you know, the sports betting site cannot ‘find’ anyone, but there is some kind of geographical localization software which such sites employ in order to locate the country where the sports bettor is residing. This is a way for the sites to retain their good name and provide services solely to citizens and residents of those countries which have legalized this type of gambling.
This type of betting is considered to be one of the main gambling practices, which is why it has to comply with the legal regulations that are generally imposed by the government. The age limit thus corresponds with the country’s laws regarding the minimum gambling age which typically ranges from 18 to 21.
This is another matter that depends on the regulations determined by your homeland or the country in which you reside. Nowadays, the USA is one of the rare cases which have strict taxation policies for both land-based and online gambling. Other countries which provide their residents with the privileges of online sports betting, such as the UK, Australia and Canada, have not yet burdened their sports enthusiasts with this type of tax.
The stakes normally offered by reliable sports betting sites can range greatly. The only limit which could be imposed here refers to a specific scenario. Namely, your betting account could be blocked (and you should be properly notified about this) if the online sports betting provider determines that you have had too many winning bets. This is usually regarded as a way for online bookmakers to protect themselves just as much as they need to protect you.
Some sites may offer you their downloadable versions, or at least their apps for mobile devices. In any case, you don’t have to feel obliged to download the software if the web browser version suits you just as well. This might even turn out to be a good idea, especially for travels.
The best way to place any wager on a sporting event is by doing it in your country’s currency. Exchange rates and currency conversion fees are not a favorable option when it comes to this matter. As mentioned previously, the best betting sites have localization software, which means they should be able to fit the currency to your current location. The site should otherwise have an open selection for you to choose the currency you prefer.
Nowadays, almost all online gambling providers tend to offer fast and secure money transfer options, both for depositing them into your user account or withdrawing your winnings. Nonetheless, bettors tend to be more worried about their withdrawals than their deposits. Online sports betting sites have little trouble in this regard. Bettors are usually expected to receive a payment minutes after the official finish of the specific sports match.
Definitely yes, there are numerous free bets offers and similar bonuses available at online sports betting sites. Expectedly, free bets are among the most popular offers. They are usually provided to novice bettors as soon as they set up a legitimate user account on the respective betting site. Such free bets can additionally reach out to more regular players as a loyalty reward, along with other types of promotions and bonuses. Some online sports betting sites even offer a moneyback option for unique case scenarios.
As we have proclaimed online sports betting to be part of the general gambling practice, it comes as no surprise that it should be regulated by the main gambling licensing authorities.
A unique situation arises in the USA, as online sports betting is strictly regulated and limited to several states. Namely, since the PASPA of ’92, only the states which already had introduced sports betting were allowed to continue practising it.
Considering Nevada was the only one which had implemented sports betting in its true sense, everyone else was left behind. As it reached the online community, sports betting sites in the USA suffered an even harder blow.
Nonetheless, bettors have found an alternative – offshore betting sites. These sites provide citizen of the United States with online sports betting services, even though they are not regularly licensed by the appropriate authorities, such as the Nevada Gaming Commission.
Contrary to this, the online sports betting scene in UK is flourishing. For one, this is due to the fact that the government has strictly defined each law that is in relation to this it. Furthermore, the renowned UK Gambling Commission is in charge of this aspect of online gambling. This authority is known among sports betting sites for its rigorous measures and expectations which need to be met in order to receive their license. However, due to their proper approach, there is little trouble and a wide selection of legitimate sites in the UK for online sports betting enthusiasts.
The UK Gambling Commission may seem to have set the bar pretty high, but there are several off-shore located authorities which manage to keep up. The Alderney Gambling Control Commission complements the work of the UK Commission, while the Gibraltar Gambling Commissioner and the Isle of Man Casino Control Commission are two additional license providers. In this regard, USA citizens should be safe to practice their hobby.
Moving on to Australia and Canada, one can say they pose the same contrast as the previous two. Namely, Australia’s online sports betting market is completely legitimized and regulated, whereas Canada is simply a grey area on this issue, as there are no specific legal action on their part. Offshore betting sites find Canada to be yet another piece of fertile soil. The main concern is how to make sure Canadian bettors don’t get robbed.