Is Online Sports Betting Legal Or Illegal?

Is Online Sports Betting legal or illegal? This has been an ongoing issue for most sports bettors and gamblers, especially in the United States. The answers are Yes and No. It will now depend on the different circumstances. This article will present the risk involved in the different activities so we can determine when to consider the legality issue.

There is little to no risk for players making bets online, poker rooms buying advertising and smaller media accepting online gambling ads. There is no federal law against playing online. Players can relax for now because it is relatively safe to continue such activity. Casinos, poker rooms or affiliates buying advertising should not worry, as well. To date, only offshore sportsbooks have received attention from the government. Small publishers accepting online gambling ads are also not the target. So far, they have been spared from any form of penalty.

If you are taking bets on a server located in the U.S. and taking sports bets over U.S. phone lines, then you better stop and think twice. These activities have the most risk because both have been considered illegal. Let us use BetOnSports as a perfect example. They took sports bets over the phone and even advertised their number on billboards. They took in $4.6 billion wagers from 2001 to 2005. The CEO, the Founder and his siblings were all fined, arrested and imprisoned on different occasions. This means that big time advertisers and operators in the United States should watch out.

Now, let us take a look at some past events that have affected the law on Internet Gambling. In 2002, the court ruled out that the Wire Act of 1961 pertained only to sporting events. In 2004, the court dismissed another case and stated that they are geared towards illegal activities which include Internet Gambling. In 2006, The Unlawful Internet Gambling Enforcement Act prohibited Americans from using credit cards, electronic funds transfers, or checks to finance Internet gambling activity. The act was focused on how Internet gambling accounts are funded, not the actual betting.

If you noticed, the question on legality remains to be complex. We all have different opinions and interpretations. The law is constantly changing and we will never know what will happen next. So far, no arrests have been made in the United States for simply placing bets online. We will all remain in the gray area until the law gives specifics on what is legal or not.

Sports Betting Tips

Many people place sporting bets everyday across the globe. Just about any sport can be the focus of a sports bet. The limit to this activity is quite endless. When partaking in the exciting world of sports betting, it’s a good idea to follow some basic tips. The following recommended pieces of advice are ones you should ponder when engaging in sports betting.

The first tip to keep in mind when engaging in sports betting is to always do research prior to placing your sports bet. This research will lead you to make a more informed sports bet. There is a plethora of information available to you, especially on the internet. It is there for a reason! In the end, your sports bet may have more of the desired outcome.

Secondly, finding the bookmaker that works best for you is a wise idea. Some bettors prefer to use land-based bookmaking establishments with which to do business. Still others find that they prefer the online bookmaking sites to do their sports betting. There are pluses and minuses to each choice. However, what matters most is what works best for you. As you continue to place your sports bets, you will be doing business with this establishment for hopefully a lengthy period of time. Make your selection wisely.

Another helpful hint to keep in mind is not to overlook the underdog in a sports competition. So many bettors focus on the favourite. There are great bargains to be had by placing bets on the underdog. Not to mention the fact that a great payout exists should the underdog emerge from the sports competition victorious. If you’ve done your research, you will be able to select an underdog team on which to place a wager.

Timing is crucial to sports betting. Bookmakers are continually updating odds, especially as the sports event nears. When you place your bet will determine your odds of winning. Many suggest that sports bets be placed closer to the sporting event. The reasoning behind this suggestion is that many last minute changes or events can occur that will have an effect on the results.

By: Daniel Novak

Top Tips on How to Make Money Betting on Your Favorite Sports

Sports betting has been around for some time as a favorite pastime by many. Of course, aside from the excitement and thrill it gives to a usual game of football or horseracing, you can also make money from it. In fact, a good amount of money in betting, that is also why many people wants to try their luck to make money betting on their favorite sports.

Although you can bet in your favorite sports, you can however bet on many other sports that might give you interest. Although you may not know much about how the game is played, you can still bet, minimize losses and maximize wins for as long as you have a system in place.

Here are a few tips that can help you on how to make money betting.

– Understand that losing is part of sports betting and in some point or another, you may have your own share of losses. One thing that you can keep in mind in betting is to be comfortable working with risks and learning to accept losses. Of course, you don’t have to just wait for your win, but you have to also have a strategy to maximize winnings and reduce risks.

– To make money in betting on your favorite sports, it is important to understand the different types of bets and the risks and rewards that you can get out of it. Indeed, one of the keys to big winnings in sports betting is knowing where to put your money. Different types of bets have different risks and rewards, thus being familiar with what types of bets can give you the good winnings with a manageable risk and help you on how to make money betting in sports.

– Only play the amount that you are willing to lose. Even if you have lots of money in your bankroll, it is still important to consider putting at risk an amount that you are willing to lose. Otherwise, you will be dwelling on your losses and chasing them that you forget to stick to your strategy and forget the fun of sports betting as well.

– Have a system and stick to it. Sports betting can be tricky as there are a lot of risks involved. Although there is no single formula to make sure you win in sports betting, there are some tips that can help you make wiser decisions when it comes to betting.

– In any sports you are betting, do your homework and research on the teams and their past performances. There may be no formula to be winning always in sports betting, but a few research would help you minimize the risk and maximize your profits as well.

If you want to make money betting on your favorite sports, it is important that you have the courage to face risks and the ability to accept losses.

Choosing the Right Online Sports Betting Website

Sports betting can add to the enjoyment of viewing sports games. You can easily place bets on your favorite teams from an online website. Here are some tips on how to choose the right online sports betting website.

Legal.

Never place bets with illegal or dubious online websites. In every country, there are laws in place for sports betting activities. Make sure that the website is completely legitimate and legal before opening an account and placing bets. Websites that are illegal will eventually get shut down when the relevant authorities come down on them. It’s only a matter of time. And if you have any credits left in your account, they will be forfeited when that happens. In a worst case scenario, you may even get into trouble with the authorities. So never ever place a bet if you are unsure.

Cutting edge software.

Established sports betting websites usually use cutting edge software to track all bets. Software should be easy to use, and reliable. In other words, if you place some bets and you happen to win, the winnings must be credited correctly.

Credibility.

To ensure that winnings are credited promptly and correctly, only open accounts with credible websites. You can easily determine the credibility of a website just by reading user reviews. Don’t depend on the testimonials that are posted on the sports betting websites. Take the time to visit online betting forums and ask around. If there is something shady going on, the community will alert you.

Multiple payment options.

Once you have established the credibility of a website, you may start placing bets. A good sports betting website should offer multiple payment options such as echecks, eNets, credit cards, etc. This will provide you with more convenience.

In addition, information about how the winnings will be posted to your bank account is also very important. You may need to setup your account correctly to start withdrawing winnings. If in doubt, you can always send an email from the website.

Minimal risk.

If you are just starting to place bets, it is a good idea to minimize your risk. Many websites offer generous rebates and bonuses for new customers. For instance, they may absorb up to 50% of your first 3 bets. Such rebates and bonuses will help minimize your risks. To keep the risks to a minimum level, you may also wish to compare bonuses before signing up.

Wide selection of games.

As a sports fan, it is very likely that you may be interested in several types of sports. For example, you may like basketball and soccer. For this reason, there should be a wide selection of games so that you can place all your bets in one single location.

Choosing the right online sports betting website will provide you lots of fun and enjoyment. So always take the time to choose one that is reputable and has the right technology.