GTbets Offshore Sportsbook 2020
GTbets emerged on the scene relatively recently in June of 2011. The GTbets sportsbetting website is one of the sportsbooks that cater to residents of the United States offering fairly good bonuses and promotions, rather huge sports collections with loads of options to bet on including basketball, NBA, hockey and many other sports.
In this GTbets sportsbook review, we assess the operator site’s quality by checking its mobile service, betting odds offered, customer support and other. Before we get there, it is extremely important to note that this sportsbook lacks necessary, state-issued licensing to operate in the United States, so players cannot trust its service.
In other words, we cannot recommend registering for an online account here to US residents. The operator works from Curacao while it also holds licensing issued by the jurisdiction of Curacao. With such licensing, the operator cannot operate in the United States, but it still does so which poses major risks for customers from the United States who decide to join despite our recommendations not to do so.
This answers some questions related to where is GTbets located and its legality in the United States, while further in this GTbet review, we uncover all of the major risks and dangers of turning to offshore betting in the first place. Keep reading to find out how to protect yourself, your funds and your privacy.
Is GTbets legal betting site?
GTbets sportsbook has become one of the most favorite virtual places for US residents to enjoy all sorts of sportsbetting activities including betting on all of the top-rated American leagues and sports alongside international sports. Furthermore, many players enjoy the operator’s fruitful bonuses and promotions which in some cases provide a great value for their money, but they are still very misleading as players get feelings that GTbets is a regulated, US-based sportsbook, while it has no licensing to operate in the states at all.
The truth is that the sportsbetting industry in the United States has been in the focus of loads of controversies as for the most part customers were offered fairly limited options. However, the things are gradually changing now with several states legalizing online sportsbetting and with several other already passing legislation to do the same. In other words, the industry is changing, becoming less of a grey market, and more of a fully regulated market with loads of options.
And, then there is offshore betting which has been present in the United States since the earliest days of this kind of entertainment offered over the Internet. There are several different federal laws which regulated the industry including its fraction we know as offshore betting.
According to the Unlawful Internet Gambling Enforcement Act which was signed by President George W. Bush in 2006, payment processors are prohibited to process transactions to illegal sportsbooks hosted by offshore or overseas servers. The act applies not only to online sportsbetting, but also to online casino and poker rooms hosted by offshore operators such as GTbets.
That's why you shouldn't bet at this operator
The main question remains whether is offshore betting from the United States considered illegal or not. The simplest answer is that the process of withdrawing, depositing and betting your money at offshore operators is considered breaking the law. In addition, there are many other risks related to offshore betting other than legal consequences which this GTbets review shares further.
Despite the fact that offshore betting operators have been present in the industry since the beginnings of the Internet. These types of betting sites still have a big share of the United States betting market, but the share is shrinking with legal sportsbooks emerging and with changing laws and regulations which allows some or all sportsbetting activities.
Still, many bettors decide to take their shot at offshore betting without being aware of the risks and dangers related to such online platforms. First of all, such operators do not hold necessary licensing to operate in the states, which automatically means that they do not comply with the posed industry’s standards such as guaranteeing fair play and employing the latest security and privacy measures.
Without such measures employed, bettors risk not only their money, but also their personal information such as their IDs, credit and debit cards’ information and everything else they share during the process of registering at offshore betting sites. As soon as they deposit their online account at anoffshore website, they risk their money being stolen, their data being stolen and many other dangers.
GTbets Check: GTbets legit betting site or not?
GT bet may appear great at first glance thanks to its fruitful, rewarding bonuses and rather rich sports collections with competitive odds, but it all comes down to the operator failing to obtain its state-issued license to start offering its service to US residents.
Without such licensing, we cannot ever recommend registering for an online account here or at any other offshore site. On the other hand, we still want to briefly present what the operator offers to its customers once they provide their GTbets login info and start gaming here which is once again, never recommended.
Sports & Live Betting: A Solid Sports Offer
As mentioned in the previous sections, this sportsbook is mainly focused on serving players from the United States, so its sports collection includes all of the top North American sports and leagues alongside several other international sports events such as:
- NFL and NBA
Other than this, players can place real money bets on fantasy football, horse racings, eSports, rugby, as well as on lots of live betting events which are also offered. While the selection is rather solid, some customers complain about some international sports missing which is a big downside.
On the other hand, players who prefer gaming while on the go appreciate the GTbets mobile service which works across all portable devices with the GTbets app crafted for both Android and iOS-powered tablets and smartphones.
Odds: Sometimes Falling Behind
When it comes to the operator’s betting odds offered, they are generally competitive as with other operators of this kind. However, when compared to state-licensed, legal operators’ odds, GTbets is sometimes falling behind in term od not posting odds on time. Other than this, there are no major downsides related to the betting odds offered which stand at the industry’s average at -120.
Bonus & Promotions: Loads of Daily and Weekly Promos
In terms of its bonuses and promotions, the sportsbook does a fairly good job as it offers not only a sign-up deposit bonus, but customers can also scoop its GTbets no deposit bonus, reload bonuses and even more. When it comes to its welcome bonus, it includes two match deposit bonuses, one 100% cash bonus worth up to USD 500 and the other 50% match deposit bonus worth up to USD 250.
Both of these come with five times rollover requirements while customers become eligible after depositing at least USD 35. There is also the GTbets promo section including reload and refer a friend promotions. Sometimes daily and weekly promos require the GTbets coupon code or GTbets promo code that players have to enter into their cashier sections.
Furthermore, registered customers can scoop free points on their favorite football and basketball teams which is another valuable offer. On the. Generally, the bonuses and promotions department is rather solid, but still lacking behind the legal competition.
Payment Methods: Big Transactional Fees for Standard Payment Methods
In order to fund their accounts and withdraw their winnings, punters can use several different options including Bitcoin, credit and debit cards including American Express, MasterCard and Visa, gift cards, Quick Cash, Direct Cash and Back2Card. While the number of options is solid, longer withdrawal pending time and higher transactional fees for non-Bitcoin payment means is one big downside.
User Interface / Usability: Modern Design, but Sluggish Sometimes
The GTbets website looks rather modern with fairly big icons which comes very handy when using the operator’s mobile service. The main menu section includes sports wagering, casino games, promotions, banking means, a guide to using Bitcoin as well as the GTbets phone number and other contact means. While the navigation is hassle-free, easily done with every device, the website sometimes feels slow, a bit sluggish which is extremely disappointing considering its neatly rendered, modern design.
Customer Service: Mixed Opinions and Customer Experiences
Registered punters can access the GTbets customer support agents using its live chat option easily accessible from the website, as well as its telephone line and its e-mail service. While all three options are accessible around the clock, there are some complaints about the customer support department not being available at certain times which can be a huge issue for some customers.
The Future of Offshore Betting Sites
As mentioned at the beginning, several steps have been taken recently both on the state and federal level in order to spread state-legalized online gambling to the United States. Several states have already legalized some forms of online sportsbetting while several others are currently taking steps to bring fully legalized, online sportsbooks within their borders.
In addition, the United States Supreme Court has already struck down the statue which banned wagering on sports which was one of the most important steps leading towards legalized sportsbetting as there is no any act or law active to prohibit such activities. This means that sportsbetting fans and enthusiasts from the United States are no longer forced to wager their money at offshore betting sites.
In other words, in the wake of state legalization, bettors have loads of opportunities for betting at state-licensed, fully regulated sportsbooks. Moreover, now bettors can enjoy all sorts of sportsbetting activities without coming across issues and dangers of offshore betting. Even though some bettors will remain active at their offshore sportsbooks, many who appreciate their safety and privacy will turn to legal options. The future of offshore betting is a bit blurry at the moment, but these operators are not reaching their ending point despite legalized sportsbetting, at least not yet.
Disclaimer: Don't play here
FAQ: Is GTbets scam or legitimate site?
GTbets offers a fairly limited selection of banking options including Bitcoin, gift cards, credit and debit cards, Quick Cash, Direct Cash and Back2Card among several other options. For the most part, American citizens are unable to make offshore deposits of this sort, leaving Bitcoin as only legitimate option for most.
While using Bitcoin does have some advantages such as greater anonymity and no transactional fees, it is not the safest banking option. The currency is both volatile and unregulated, leading to many potential complications and no recourse in cases of theft or loss in any way.
Since players do not get prosecuted for playing offshore sites, playing at GTbets is not considered illegal but this may change soon with legalized online sportsbetting emerging on the scene. For safety reasons, we suggest always staying well away from unlicensed gambling sites and playing with regulated bookies only.
Yes, paying taxes on online winnings is mandatory for every US resident regardless of his or her sportsbook choice. Those who win money and cash it out into their bank accounts should always report the win and make sure to pay their state and federal taxes in full, just like with any other income.
At times, online bookies who operate without a US license such as GTbets are able to offer better odds. However, the better price for some markets is not worth the risk of potentially not getting paid or even facing legal consequences of betting with a bookmaker that is operating without a license.
Conclusion:Is GTbets illegal or not?
While it may be hard to resist gaming opportunities offered by offshore operators whose bonuses and promotions may be fruitful and whose betting odds are sometimes better than what legal options offer, staying safe and protected at all times, taking care of your money and your personal data is always of the biggest importance.
There is a list of very great legal, fully licensed sportsbooks on our website which players who value their money and safety the right way should definitely check out. In the meantime, staying away from offshore operators is always strongly recommended.