MyBookie Offshore Sportsbook 2020
Opened to the public back in 2014, Mybookie is another premier online sportsbetting destination which operated from its office located on the island of Costa Rica. Just like many other similar sportsbooks from the industry, Mybookie ag is also focused on serving players from the United States while it also accepts customers from many different parts of the online gaming world including Canada and the United Kingdom.
There are also several country restrictions including Russia, China and France. All in all, this online betting platform enjoys a rather good reputation among other sportsbooks for its Mybookie bonus, early betting odds offered for all of the most popular sports, for loads of player props also available and other gaming perks. The team working behind the scene has made some wise choices in the past especially when it comes to the Mybookie mobile service which today attracts masses of mobile gaming fans.
In addition to offering a sportsbook, this operator also offers an online casino packed with loads of games such as roulette and blackjack, as well as a racebook across its main site. All in all, the brand has become a popular online gambling service especially to bettors from the United States. Even though it cannot be denied that this sportsbook does offer some great things in terms of its online betting service, the biggest issues regards its legitimacy in the United States, so the most important question is Mybookie legit in the states remains.
The Mybookie betting platform is licensed by the jurisdiction of Curacao, while it has no necessary licensing to offer its service in the United States. It has been active in this market since its inceptions by taking advantage of the market’s loopholes. Nonetheless, without the proper licensing, it operates fully out of the grid. the wisest decision for US bettors is to stay away from this sportsbook and we cannot ever recommend registering for an online gaming account at such an unlicensed, unregulated platform. Further, we check is Mybookie legal in NJ and other states and answer important questions on its service in general.
Is MyBookie legal to bet with?
In this section of our MyBookie ag review, we take a look at the operator’s legitimacy when it comes to its operations in the United States. In order to examine the online sportsbetting industry in the states, we have to take a look at the US federal laws which are currently actively managing the industry’s operations, services and products in general offered to American bettors who join such gaming platforms.
There are three primarily laws in the United States on a federal level which formerly addresses and actively address the world of online sportsbetting in the states. One federal law which represented the biggest challenge to the legalized sportsbetting named the Professional and Amateur Sports Protection Act from 1992 was stricken down by the US Supreme Court in May of last year.
This federal law, in particular, was the biggest hurdle to legal, licensed sportsbetting activities in the states for more than twenty-five years. With this law out of the picture, every state was given the necessary authority to manage the industry in its own terms. In other words, every state was given the authority to legalize online sportsbetting activities either fully or to some degree.
One law which has been active since 2006 is the Unlawful Internet Gambling Enforcement Act that specifically targets the offshore betting industry by disrupting the finances of non-licensed, unregulated, offshore sportsbetting operators such as Mybookie. In other words, the UIGEA made it a criminal offense for companies, banks and payment processors based in the United States to process transactions of any kind to and from offshore, illegally operating sites.
That's why you shouldn't bet at this operator
While the UIGEA law has had fairly limited success in preventing offshore betting sites from operating in the states, it was extremely effective when it comes to disrupting commonly used deposit and withdrawal methods. Hence, the majority of the offshore betting sites were forced to turn to digital currencies while some big names decided to leave the market altogether. In this sense, it is never a good idea to bet at an offshore sportsbetting operator no matter its reputation.
While we cannot deny the fact that the Mybookie live betting platform offers some betting perks such as its bonuses and promotions, rather good Mybookie app, and solid sports collection with competitive odds, it all comes down to the operator’s lack of licensing to offer its product to US bettors in the first place. Without such licensing on the board, the operator cannot ensure its customers that their money is safe.
In addition to money safety-related issues, bettors who decide to register at this operator despite our firm recommendations not to do so face a variety of other troubles such as their private, extremely sensitive data not being safe. This comes from the operator missing some of the most important data encryption technology whose main purpose is to ensure customers’ safety at all times.
This naturally leads to a variety of other potential risks and dangers such as no guarantee pf transparency on the operator’s service in general as well as no guarantee of fair play which are among the most crucial features of fully state-licensed, fully-regulated, renowned and reputable operators. Additionally, players’ bank accounts may be shut down as it is considered a violation of the US federal law to send funds and withdrawn from offshore betting platforms.
MyBookie Check: Mybookie legit operations
Just like many other Mybookie reviews available on the Internet, here we also objectively assess the operator’s sportsbetting platform. In other words, we check the MyBookie customer service, Mybookie minimum bet, Mybookie free play bonuses, Mybookie promo as well as Mybookie rollover requirements, , banking options offered, payout times, betting odds and sports collection among other relevant features. Even though we strongly recommend staying away from this operator, we still want to present our unbiased guide on its service.
Sports & Live Betting: Focused on the North American Sports Market
Like the majority of other offshore sportsbook offering its service to customers from the United States, Mybookie is also fully focused on the North American sports market. Here, customers can place real money wagers on all sorts of popular American leagues and sports alongside several other options such as:
- MLB, NFL, NBA, MLS, NHL
In addition, bettors can also explore horse racing, eSports, motor sports, boxing, MMA, cycling, rugby as well as access rather exciting live betting events with favorable lines as well as collect Mybookie points that can be redeemed later on for bonuses. While the sports selection of rather solid, non-US bettors complain about the lack of international events.
Odds: Competitive Odds on Certain Markets
When it comes to the betting odds offered by the operator, customers can take advantage of highly competitive odds on certain markets including the top-ranked North American sports and leagues. While the betting odds offered are generally above the industry’s standard, they are still far away from offering the best money value when compared to the top-ranked betting sites.
Bonus & Promotions: Loads of Ongoing Bonuses and Promotions
One department in which this sportsbook excels is definitely its bonuses and promotions section which includes loads of ongoing promos that generally given great money value for bettors who have completed their Mybookie login registration process. For newly registered customers, the operator has prepared a 100% match deposit bonus worth up to USD 1,000 that comes attached to ten times rollover requirements.
There is also another solid offer including a risk-free bet bonus worth up to USD 20 alongside a reload bonus of 25% worth up to USD 500 that comes with five times rollover requirements. Moreover, bettors can also take advantage of the operator’s 200% referral bonus. It should be noted that some of these require the Mybookie promo code and Mybookie bonus code. Generally, the bonuses and promotions offered give great money value, but some tend to come with rather high rollover requirements which are always a downside.
Payment Methods: Limited Payout Options
In order to fund their Mybookie accounts, customers can use eCheck, Bitcoin, Person-to-Person, MasterCard and Visa credit cards. There is a limit posed on the minimum and maximum deposit amount ranging from USD 25 up to USD 10,000 including Mybookie Bitcoin payout. While there are several deposit options, US bettors are generally forced to turn to Bitcoin which comes with certain risks.
When it comes to the withdrawal options, customers can choose bank wire transfers, Bitcoin, and MoneyGram. There are several downsides. First of all, withdrawal pending time sometimes takes one week when using certain options. Secondly, there are withdrawal applicable fees that go up to USD 50 depending on which withdrawal option customers choose and how much funds they request to cash out.
User Interface / Usability: User-Friendly, Interesting Design
When it comes to the operator’s mobile app and its gaming platform desktop version, both gaming platforms have a rather modern design with several interesting visual features that make the overall design very original. The website and the app are both very steady offering good responsiveness no matter which gaming device bettors choose.
The homepage is packed with all different sections for easy navigation with special banners that inform of upcoming live betting events, and currently active bonuses and promotions. While the general vibe bettors get when gaming here is rather great, there is always room for some improvement and this applies to the Mybookie website.
Customer Service: Accessible on Social Media
The operator offers several different contact channels. There is the operator’s Mybookie live chat and Mybookie email support in addition to phone support. Aside from these standard means of getting in touch with customer support agents, bettors can also contact them using social media platforms including Twitter and Facebook which is definitely something rarely seen these days. While the customer service is rather reliable, one big downside is that it is not accessible around the clock.
The Future of Offshore Betting Sites
Here we discuss briefly what the future may hold for the offshore sportsbetting industry after the Supreme Court’s ruling from May last year thanks to which the biggest obstacle to legal gaming sites has been finally stricken down. Despite many common beliefs, the offshore sportsbetting industry which is extremely deeply ingrained, extremely large and profitable will probably preserve its place in the United States online gambling market.
While newly changing laws and regulations which allow state-licensed bookies to open their doors to the public in several states will bring some changes to the offshore sportsbetting industry, this deeply ingrained market has been one of the favorite online destinations for Americans since the inception of the Internet gambling. In fact, US residents bet billions on the grey market and this includes placing real money wagers at offshore sportsbooks such as the one we discuss here.
On the other hand, in the wake of the Supreme Court’s ruling from the last year which started the expansion of the legalized sportsbetting industry, offshore operators will face some changes mainly regarding its clientele. While they are deemed to lose some of their players, they are not so likely to shut down their operations, but to thrive further. Even though some changes are inevitable, the offshore betting industry has been thriving for years now to be deeply affected by the newly emerging laws and regulations that allow legalized sportsbooks.
Disclaimer: Don't play here
FAQ: Is Mybookie scam site or not?
MyBookie is based on the island of Costa Rica and licensed by the jurisdiction of Curacao. Without proper licensing issued by the US governing body, the sportsbook operates illegally and continues to accept American players. As such, it is highly recommended to American players to stay well away from MyBookie.
According to the UIGEA, it is illegal for residents of the United States to deposit to and withdrawn from offshore operators. In this sense, bettors can face legal consequences in certain states which are allowed to prosecute bettors for such actions. However, no bettor has faced such issues as governments usually target operators, not players.
While US bettors are usually forced to use digital currencies such as Bitcoin with offshore operators, these methods are risky to use due to lack of supervision and extreme volatility of the crypto currencies. Players who do decide to use Bitcoin do so at their own risk and there is really no one to address should things go wrong.
Yes, this is mandatory for every US citizen gaming online no matter playing at a state-licensed or an offshore operator. Whenever gambling online, any winnings that are withdrawn into a bank account are taxable. As such, you should remember to report and pay taxes on any winnings related to your Mybookie account.
MyBookie is not an American site and it does accept players under the legal age of 21. However, this does not mean you should be playing here if you are younger than 21 and if you are an American we highly suggest not trying to gamble anywhere online until you meet the standard US legal age.
Conclusion:Is Mybookie illegal to bet with?
While many reviews on the operator available out there encourage US bettors to join the platform, it is obvious that betting at such online gaming venues poses many troubles and dangers for US bettors. For this reason, we cannot ever recommend joining such platforms no matter their great reputation and other benefits offered.
It all comes down to making the right choice, and in this case, it means turning to only state-licensed operators which must comply with all of the highest standards as they are regularly overseen by the most prominent governing bodies. Those who want to stay on the right side of the law should check out our guide on state-licensed, reputable and renowned operators that offer their services to US bettors.