Sportsbet Offshore Online Betting 2020
Sportsbet opened its doors to the public back in 1998 to offer its new coming customers not only a sportsbook, but also a racebook, and much more. Sportsbet.io has been accepting bettors from all over the world including residents of the United States for many years now who appreciate its sports offering including international sports, popular leagues alongside its bonuses and promotions.
Moreover, here bettor who register for an online account can also use loads of virtual currencies, place plenty of free bets and even wager on a great selection of virtual sports which is always a plus. Many bettors who are just starting their online sportsbetting journeys wonder who owns Sportsbet and where is Sportsbet based and these questions can be answered by looking into the operator’s website which in section list this info.
The Sportsbet online gaming platform is actually an Australia-based company which started its online gaming operations in Darwin more than twenty years ago. The Sportsbet online betting platform almost closed its doors back in 2005 as it was on the brink of bankruptcy. Since those times, the website has enjoyed a complete turnaround especially in 2009 when it was acquired by the biggest Ireland’s bookie Paddy Power.
Today, the Sportsbet betting platform enjoys a rather great reputation with rather high ranking when compared to other bookies. However, this operator is only regulated and licensed by the government of Curacao without holding a license to offer its operations to US residents. Hence, we cannot recommend registering here due to potential legal consequences of such actions alongside other dangers and risks that customers expose themselves in the case of gaming here.
Is It Legal to Play at Sportsbet?
In this section of this Sportsbet review, we take a look at possible risks and serious dangers which lure at offshore sportsbetting sites such as this one and all of the risks and dangers come due to the fact that the operator does not have proper licensing to offers its service to customers from the United States in the first place.
This naturally leads us to examining its legality in states. In order to examine it properly, we have to look at federal laws active in the states which manage not only the online sportsbetting industry, but also other types of online entertainment including online poker rooms and online casinos. There are several primary federal laws related to the industry which currently address online sportsbetting activities to some degree.
One of the most important laws is the Federal Wire Act which emerged to the scene back in 1961. It is also called the Interstate Wire Act which criminalized the usage of popular wire communications for placing real-money wagers. The act emerged on the scene a long time ago when organized crime was flourishing in the world of sportsbetting. While the act was used in order to prevent the expansion of online sportsbetting activities, it includes certain provisions which give states easy workarounds.
Then, there is the UIGEA standing for the Unlawful Internet Gambling Enforcement Act which came to life back in 2006. This act in particular targets finances of online gaming sites including online sportsbetting sites which operate illegally in the states.
According to which act, it is considered a criminal offense for companies based in the United States to process transactions of any kind aimed at illegally operating sportsbooks, online casinos and other online gaming platforms. In this sense, US residents are not allowed to deposit to and withdraw from offshore, illegally operating sportsbooks.
That's why you shouldn't bet at this operator
Even though many bettors enjoy the Sportsbet bonus, Sportsbet free bets, as well as other gaming perks which are offered here, registering here for an online account means coming across more risks and dangers than potential gains and this is why we strongly recommend that bettors stay away from this bookie. The biggest issue we have with the bookie is its lack of licensing to legally operate in the United States.
Considering that it has failed to obtain proper licensing issued by the United States iGaming governing bodies, bettors who decide to register here expose not only themselves, but also their money to all kinds of risks and dangers. Offshore betting sites commonly fail to comply with the mandatory industry’s standards such as the employment of technologically advanced data encryption systems which make it virtually impossible for third-party software to access players’ sensitive data. Without such technology employed, players cannot rest assured that their money is safe and they cannot rest assured that their personal info they share during the process of registering is safe as well.
This naturally leads to other issues related to security and privacy measures which when turning to offshore betting are commonly missing. Operators such as the bookie here in question also cannot guarantee transparency and fair play at all times. Hence, this is something that players cannot expect when they turn to offshore betting, while fair play and transparency are among the crucial features all every regulated, trustworthy and safe online gaming environment.
Additionally, without complying to the highest industry’s standards, without employing the necessary safety and privacy measures and without being overseen by prominent regulatory bodies, bookies such as the one in question here can decide to shut down their service in the United States at any time. In the case of this happening, bettors cannot expect any help by governing bodies simply because the operator is not overseen by any. Hence, no protection in such cases is guaranteed.
Sportsbet Check: All you need to know
As suggested by the previous section, we cannot ever recommend a non-regulated, non-licensed website including this bookie. Nonetheless, we still want to objectively asses its service, check its advantages and disadvantages, and give an honest opinion.
In the next section, we take a look at the Sportsbet deposit bonus, Sportsbet app for portable devices, its sports collection and odds alongside other important features.
Sports & Live Betting: Loads of Popular Markets
The operator offers a big selection of sports including top-rated North American sports and leagues alongside some lesser-known sports. The collection includes wagering on NFL, NHL, MLS and MLB leagues alongside soccer, football, basketball, ice hockey, cricket, tennis, horse racing, motor racing, cycling, rugby and more.
There is even the Sportsbet eSPorts section to explore. There are also live betting events offered among other specials. While the list of sports offered is rather extensive with more than twenty activities to choose from, there are still some international sporting events missing from the collection.
Odds: Above the Average on American Sports and Leagues
When it comes to the bookie’s odds offered, they go over the industry’s average for the most popular North American sports and leagues. The margin is stand around 5.6% which is also over the industry’s average of 5.2%. Despite this higher margin than favorable, the operator does offer a competitive edge on certain bets. On the other hand, some customers complain that the selection of odds available is fairly limited.
Bonus & Promotions: Free Bets and Deposit Bonuses
Speaking of the operator’s bonuses and promotions department, we have to mention the Sportsbet sign up bonus reserved for newbies. This bonus is a rather unique offering which also includes the Sportsbet bonus bet offer that customers can grab after making their initial, qualifying deposits here worth USD 10. Once they have funded their accounts, they get a rather generous free bet bonus worth USD 30.
It should be noted that virtual sports and player props bets do not qualify for this free bet deposit bonus. Moreover, the bonus expires within seven days of claiming it while the operator can revoke the bonus offer at any time. Those who prefer gaming while on the go, can use the Sportsbet iPhone or Sportsbet for Android app to scoop their bonus. Additionally, the bookie sometimes offers daily deals, but these are not the best deals to grab.
Payment Methods: Standard Offshore Betting Options
When it comes to the Sportsbet deposit options, registered bettors can choose from a standard collection of options that other offshore bookies generally offer including:
- Credit and Debit Cards
The majority of these Sportsbet deposit options are instant which is always a good sign. When it comes to withdrawal options offered, bettors can use Skrill, Cash Card, PayPal and credit and debit cards. Downsides are definitely transactional fees and higher withdrawal pending time when using certain options.
User Interface / Usability: Easy Navigation, Appealing Design
Once customers have provided all the necessary Sportsbet join information they can easily navigate through the website using their desktop devices or tablets and smartphones. The design is rather modern, with a clear, user-friendly interface and easily navigable sections. The only downside for some players is the website’s too serious looks which do not match its entertainment purpose.
Customer Service: Different Contact Channels and an Extensive Help Section
One department in which this bookie excels is definitely its customer support department which bettors can get in touch with using the Sportsbet contact form accessible from the website, live chat feature also easily accessible, and using its e-mail support.
Other than this, there is also the extensive Sportsbet help section which answers some of the most frequently asked questions such as how to verify Sportsbet account, how to use different deposit and withdrawal options or how to draw bonuses and promotions offered, how to win specials and similar.
The Future of Offshore Betting Sites
Here, we briefly explore what the future holds for offshore, non-licensed sportsbetting websites operating in the United States. As mentioned previously, such online gaming and entertainment venues failed to obtain their licenses required to legally operate in the states, and yet they have been present in the industry, in this rather grey market since the inception of the Internet, since more than twenty years ago.
This speaks how greatly ingrained this grey market is and it definitely speaks of financial gains that the industry brings. The truth is that the majority of American citizens turn to offshore gambling as their destination when looking for some online entertainment and this will not change any time soon. On the other hand, there are legalized, state-licensed sportsbooks emerging to the scene to mess the business of the offshore betting industry.
One of the major misconceptions related to legalized sportsbetting is that it will destroy the offshore betting industry. However, it is such greatly ingrained that it cannot be ruined any time soon. While the changing US laws and regulations finally allow regulated, licensed and rather renowned sportsbooks to enter the market, and while will have some negative effects on the offshore betting industry, this grey market is here to stay for at least some time more.
Disclaimer: Don't play here
FAQ: Most Common Questions of Players
Even though there are US laws and regulations which allow prosecution of bettors for playing at offshore betting sites, governments have not prosecuted a single bettor, at least not yet.
Yes, unfortunately including dangers and risks related to losing your money, your account being shut down suddenly without warning, as well as possible legal consequences.
Many offshore sportsbetting platforms allow bettors of at least eighteen years old to register and play and this applies to Sportsbet. However, bettors who are younger than twenty-one cannot register if there are federal and local laws in their states prohibiting such actions.
While many offshore sportsbooks accept Bitcoin and other digital currencies including Sportsbet, using such methods is not the safest option despite greater anonymity they offer.
Yes, as paying taxes on winnings no matter which sportsbook you choose is mandatory for every US citizen.
While offshore sportsbetting does offer some advantages such as greater anonymity, sometimes better odds and bigger sports collection, it all comes down to the potential risks and dangers of such online gaming venues.
Since this bookie fails when it comes to complying with the mandatory industry’s regulations primary related to fund and sensitive data protection, we cannot stress enough the importance of choosing only state-licensed, fully regulated sportsbooks and the bookie in question here is not the wisest option. However, you can find an extensive list on wise options on the website here including reliable, reputable and safe sportsbetting websites which unlike Sportsbet are overseen by prominent US governing bodies.