Online Betting From Dubai
Online betting from Dubai - is it legal? Is it possible? UAE is a strange…
Offshore bookmakers have long been a viable option for placing wagers on athletic events in many regions worldwide. Despite facing significant obstacles, these platforms have overcome them and established themselves as a reliable choice for sports bettors by creating innovative solutions that enable easy access to their services.
In this article, we will focus solely on best offshore bookmakers for Americans that offer the best value and the most convenient methods for depositing and withdrawing funds. As a bettor, you are likely interested in maximizing the value of your wagers while ensuring that payouts are honored in a timely manner.
To save you the time and effort of searching for reputable online bookmakers, we have compiled a list of the top-rated offshore sports betting sites for Americans.
The offshore sports betting industry is one of the largest revenue-generating markets worldwide, accounting for billions of dollars in transactions every year. In the United States, the American Gaming Association (AGA) estimates that offshore betting amounts to around $150 billion. The industry’s net worth is even higher globally, as other countries also lack adequate regulatory frameworks to cater to demand.
Offshore betting refers to sports betting conducted outside a specific region or country, such as the USA, Australia, Canada, or China. These offshore websites provide millions of bettors with viable options for sports betting, something that is often unavailable to players in their home country due to regulations such as the UIGEA act of 2006.
Despite the absence of a legal definition, offshore gambling sites maintain industry-defining standards and perform just as well as their legal counterparts. Websites licensed by authorities such as Curacao eGaming and the Kahnawake Gaming Commission and operating from countries like Panama, Costa Rica, and Antigua and Barbuda comply with essential standards of integrity. These offshore bookmakers for Americans have become a benchmark bearer of their own, capable of offering a variety of payment solutions that regular mainstream sites may not provide.
Top offshore bookmakers accept bets from US residents, despite the 2007 memo from the authorities declaring online gambling as illegal. However, it is important to check your jurisdiction as individuals are still able to place bets online. In 2011, the Obama administration reversed the interpretation of the Wire Act and allowed for online casino games and poker to become legal, provided it was offered by a government-licensed operator. Sports betting, however, still remained under the Wire Act, and offshore bookmakers and offshore betting remain a focus of law enforcement.
Offshore bookmakers have been able to differentiate themselves from the mainland competitors by meeting consumer demand and setting high standards for integrity and player safety. They have achieved this in several key areas: