Online Offshore Sports Betting Guide
Offshore betting is how many gamblers bet their money. Wagers can be made in a wide variety of things such as sports, poker, casino games, and more as long as the Sportsbook offers it.
It’s vital to carefully choose a safe offshore sportsbook since there are many betting sites to avoid.
In this guide, we highlight everything there is to know about offshore sports betting, as well as the sportsbooks we’ve tested and are worth your bet.
Offshore Sports Betting
Is Offshore Betting Illegal?
Offshore betting is neither legal or illegal as sports offshore betting legality varies by jurisdiction. In many countries, it is fully regulated, in other areas, it’s expressly illegal.
The reason to ask yourself as an online sports bettor is if placing a bet as an individual may be a problem for you within your country or region. If the answer is no, then offshore betting is safe.
In most Western countries, betting on sport is either expressly legal and regulated, or even if it is criminalized – the penalty is typically a minor offense – that is rarely enforced.
Top Offshore Sports Betting Sites 2021
Is Online Offshore Sports Betting Legal?
The sportsbooks located offshore are operating against the Federal law by taking American residents bets.
The FBI released a memo in 2007 that online gambling was illegal. Still, they outlined that their focus was the operators running the sites, and not individuals placing bets online.
In 2011, the Obama administration reversed the view that the Wire Act applied to all forms of gambling, casino gambling, such as online casino games and poker was now legal, provided a government-licensed operator offered it.
Sports betting still fell under the Wire Act, and offshore sportsbooks and offshore betting were, and still are, the focus of law enforcement, regarding the Wire Act.
Is It Legal to Place Online Offshore Sports Bets From the US?
Yes, despite what the FBI has said in previous memos and other statements – no law Federal law criminalizes an individual from placing an offshore bet from the US.
Some states do have laws that outlaw online gambling and/or online sports betting. The legality of US offshore betting will vary by state, but even then, these laws are almost never enforced.
Utah, and several other states, including Washington State, have outlawed all forms of online gambling, which includes placing offshore sports bets from the US. In Washington State, the law is rather draconian in that gambling online is a felony.
However, no one has ever been arrested, let alone charged with the crime. In fact, no one has ever been charged with the simple act of placing offshore sports bets from the US.
The overall legality of US offshore betting is a grey area for bettors in many jurisdictions, but enforcement is nonexistent.
What Is Online Offshore Sports Betting?
Offshore sports betting refers to the location of the sportsbook’s operators and servers. Many offshore gambling sites are located in the Caribbean or Central America. Although, lots of “offshore betting” sites are in Canada or Asia.
The term is more of an all-encompassing one, for sites that offer online betting to U.S. residents.
Bonuses are much better for U.S. sports bettors than they are for international bettors, even in regulated climates. Offshore betting sites operate in countries where they pay little to no taxes and overhead is quite cheap.
There are no bonuses when you bet with local bookies. Bonuses are one of the critical advantages of offshore betting and online betting, in general.
Online offshore sports betting bonuses will give your bankroll an immediate boost in the range of several hundred dollars to several thousand.
There are some great local bookies out there, but they are still not as trustworthy as most offshore betting sites.
Not only that, but there are usually far more betting markets, along with bonuses and other perks when it comes to offshore gambling.
There are several things you can try to do to get a payment out of an offshore sportsbook that isn’t complying, but it’s going to be a lot harder to force an old Italian guy to pay up.
Payment processors were a significant issue for offshore sportsbooks, but that has changed drastically in recent years due to crypto-currencies, such as Bitcoin or Litecoin.
Sportsbooks accept other cryptos and are adding more regularly. This has stabilized the offshore business and allowed sportsbooks and players to take advantage.
Still Not Regulated
There are plenty of positives about offshore betting markets, but lack of regulation is ultimately an issue with being paid.
In countries such as the United Kingdom, bookies bets are guaranteed to be paid, or they would be forbidden from operating within the country because their gaming license would be revoked.
The upside to lack of regulation is bigger bonuses and more deals, but they don’t offer the same level of security as legal, regulated climates.
Funds Must Be Deposit to Bet
It’s tough to call this one of the drawbacks of offshore sports betting, but when you bet with locals – you’re typically betting “on credit.” Which means you don’t have to deposit the funds before you can place bets.
This can put some bettors in dangerous situations, where they bet money that they don’t have, but it would be nicer, if you have the bankroll (and self-control), to settle up each week, without having to put the funds up first.
Lower Betting Limits for Key Markets
The best use of a local bookie or offline betting options compared to offshore betting is larger limits on proposition bets or smaller markets.
Most offshore sportsbooks won’t allow more than $500 (some limits are as low as $50) or so on proposition bets and smaller markets.
Lots of locals will take far more money on props and obscure markets compared to online offshore sportsbook.
This is a significant advantage due to the extra amount you can get down on weaker or softer odds before being noticed or limited.
Paying Taxes On Offshore Sports Betting Wins
Just because offshore betting falls outside the legal and U.S. banking system, doesn’t mean your gains aren’t taxable. In fact, the IRS doesn’t mind how you got your money, so as long as you give them their cut.
There is less of a paper trail when betting online, but your offshore betting tax liability doesn’t change whether you’re betting with a ticket in Vegas or at an offshore sportsbook. Paying taxes on sports bets is an absolute must.
Popular Sports For Offshore Betting
Every sport under the sun is available when making offshore bets. Though online offshore sports betting sites cater to American betting habits – many have odds from just about every competition in the world.
NFL offshore betting is by far the most popular sport to bet on, but those looking for NBA offshore betting or other major sports will have no issues finding lots of markets with large betting limits.
NFL Offshore Betting
The advent of offshore gambling has been a football bettor’s dream come true. Bettors can wager tens of thousands on a game in a matter of seconds or as little as a few dollars.
Offshore NFL odds originate at Pinnacle Sports, but there are tons of other options for NFL offshore betting lines. Our NFL betting odds section has an excellent overview of odds and markets available.
NBA Offshore Betting
The second most popular sport, along with college basketball, that is bet offshore is the NBA. The league has grown heavily in recent years, which has increased viewership and offshore betting markets.
Limits aren’t quite as high as NFL, but they are considerably more than smaller market sports. Get started with the basics of NBA offshore betting with our basketball betting guide.
Bet On Your Favorite Sport At These Top Online Sportsbooks
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|Rank||Offshore Betting Site||Deposit Bonus||Get Started|
|1||BetNow||Deposit Bonus 100% Up To $500||Bet Now|
|2||MyBookie||Deposit Bonus 50% Up To $1,000||Bet Now|
|3||Bovada||Deposit Bonus 50% Up To $250||Bet Now|