Offshore Sports Gambling
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Thread: Offshore Sports Gambling

  1. #1

    Default Offshore Sports Gambling

    Now that sports gambling has become legal in the United States, does that mean the offshores can legally take our action? More importantly, Pinnacle? Back in the day it was my favorite. Great juice lines, payouts right to my bank. Will they start taking US Citizens again?

    Thanks for your knowledge!

  2. #2

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by BigBlind View Post
    Now that sports gambling has become legal in the United States, does that mean the offshores can legally take our action? More importantly, Pinnacle? Back in the day it was my favorite. Great juice lines, payouts right to my bank. Will they start taking US Citizens again?

    Thanks for your knowledge!
    No it doesn't mean that. They still will, but not legally.

  3. #3

    Default Re: Offshore Sports Gambling

    The Unlawful Internet Gambling Enforcement Act of 2006 is still in place.

    The UIGEA prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law.

    In the spring of 2011, the United States Attorney in New York indicted the founders of the three largest onlike poker sites (PokerStars, Full Tilt Poker and Absolute Poker) on violations of the UIGEA.

    Everything happens gradually.

    I can see sports betting being launched in New Jersey and Pennsylvania and if that runs smoothly, there will be a relaxing of the rules and regulations governing other jurisdictions.

    Of course, the American-based gaming companies will try to discourage competition from elsewhere, much like FanDuel and Draft Kings succeeded in doing in the world of fantasy sports.

  4. #4

    Default Re: Offshore Sports Gambling

    I would love to see some offshores get let in. They run it better than vegas books overall. I can't see the offshores coming in getting part of the pie. Why would legal books want to have them come in? Legal books/leagues want to choke the bettors as much as possible. Too much greed.

  5. #5

    Default Re: Offshore Sports Gambling

    The leagues need to take a piece of the handle, not a piece of the profits to steer clear from any conflicts of interest.

    And that's a small piece of the handle in order to grow the handle and keep the pricing competitive.

  6. #6

    Default Re: Offshore Sports Gambling

    With the US going to be getting sports betting revenue from states other than Nevada, I think one can make the case the Feds may target the offshores more than ever. They want that money staying here, not going to the Caribbean or Central America.

  7. #7

    Default Re: Offshore Sports Gambling

    I would have thought the crackdown would have come in anticipation of the Supreme Court's green light to legalize sports betting.

    The Feds have more pressing needs than to chase down legitimate gambling enterprises in faraway places.

    Besides, I would argue the Internet is a borderless entity.

  8. #8

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by John Kelly View Post
    I would have thought the crackdown would have come in anticipation of the Supreme Court's green light to legalize sports betting.

    The Feds have more pressing needs than to chase down legitimate gambling enterprises in faraway places.

    Besides, I would argue the Internet is a borderless entity.
    No doubt about that but it hasn't stopped them in the past.

  9. #9

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by John Kelly View Post
    The leagues need to take a piece of the handle
    No. That cost gets passed on to the customer, and if the competition is offshore, they need to at least remain somewhat competitive. Mark Cuban is probably off with his evaluation that the value of every professional sports franchise just doubled with the legalization of gambling, but it's hard to argue the leagues will certainly be more profitable even without a direct stake in the wagering pool.
    "David is aware of this thread and he's disappointed about the developments."

  10. #10

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by Valuist View Post
    With the US going to be getting sports betting revenue from states other than Nevada, I think one can make the case the Feds may target the offshores more than ever. They want that money staying here, not going to the Caribbean or Central America.
    Guaranteed to happen.

  11. #11

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by MrTop View Post
    I would love to see some offshores get let in. They run it better than vegas books overall. I can't see the offshores coming in getting part of the pie. Why would legal books want to have them come in? Legal books/leagues want to choke the bettors as much as possible. Too much greed.
    I am sure Bookmaker has looked into this...flood gates have opened....
    Everyone dies......but not everyone lives.....

  12. #12

    Default Re: Offshore Sports Gambling

    internet borderless agree..... but the US Just. dept. and some 3 letter names go much further when they want to. IRS is even going into swiss accounts these days. Feds went into FiFA Headquarters and slapped the cuffs on in zurich Switzerlandfor fixing things in 2015


    their arm reaches quite far

  13. #13

    Default Re: Offshore Sports Gambling

    It's a crying shame that citizens north and south of the U.S. borders have more freedom to gamble than Americans in a country founded on liberty and free will, risk and reward.

  14. #14

    Default Re: Offshore Sports Gambling

    agree JK. I wish I could play with pinny , greek and matchbook like the old days... I really feel what happened with the decision was planned for a long time. It seems like someone told NJ to put in the paperwork 5-6 years ago to get things started.

  15. #15

    Default Re: Offshore Sports Gambling

    The timing seems to be perfect, MrTop.

    Here's hoping professional sports leagues are able to team with gaming partners to satisfy all segments of the gambling public from the $5 bettor to the $5,000 bettor and beyond.

  16. #16

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by MrTop View Post
    I would love to see some offshores get let in. They run it better than vegas books overall. I can't see the offshores coming in getting part of the pie. Why would legal books want to have them come in? Legal books/leagues want to choke the bettors as much as possible. Too much greed.
    I disagree, Vaccaro and kornegay are both better than any scum that comes out of costa rica

  17. #17

    Default Re: Offshore Sports Gambling

    Menu not as good as offshore...no reduced vig

    Sad

  18. #18
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Offshore Sports Gambling

    It's NOT illegal to bet offshore in many states.
    ​STAY FOCUSED

  19. #19
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Offshore Sports Gambling

    Quote Originally Posted by John Kelly View Post
    It's a crying shame that citizens north and south of the U.S. borders have more freedom to gamble than Americans in a country founded on liberty and free will, risk and reward.
    Are you running for a congressional district in Vegas, someone mentioned this at SouthPoint to me last week.

    Truth, rumor, maybe, or not?????????????
    ​STAY FOCUSED

  20. #20

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by railbird View Post
    I disagree, Vaccaro and kornegay are both better than any scum that comes out of costa rica
    The only scum I know in the business are a couple bookmakers and every living tout who deceives their clients...
    Everyone dies......but not everyone lives.....

  21. #21

    Default Re: Offshore Sports Gambling

    Touts all goood people. Palmtrer erin running es golden dave malinsky billy walters a customer. Any successful people are paying for info rather it tout , newsletter or novel. If your buying a book at Barnes and Noble you are paying for info. Warren buffet reads 5 books a day

  22. #22

    Default Re: Offshore Sports Gambling

    But this football season will Warren buffet use railbird Sports ?

  23. #23
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    Default Re: Offshore Sports Gambling

    Cris should instantly try to run some Casinos sports books like William Hill is doing. How could they get turned down. These new books will never last without a corporate structure running them. Will all the new books be a William Hill garbarge book?

  24. #24

    Default Re: Offshore Sports Gambling

    just rinse and repeat in what many of you have been doing for 20+ years

    have plenty of outs here and their, and don't worry about what you can't control

    worry about the most important things, numbers here daily and how you can work off those to eat...

  25. #25
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    Default Re: Offshore Sports Gambling

    Quote Originally Posted by raininthrees View Post
    just rinse and repeat in what many of you have been doing for 20+ years

    have plenty of outs here and their, and don't worry about what you can't control

    worry about the most important things, numbers here daily and how you can work off those to eat...
    No this could get good again if these places try to run independent.....
    Many will go broke if they try like you said... Rinse and repeat

  26. #26

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by High Times View Post
    No this could get good again if these places try to run independent.....
    Many will go broke if they try like you said... Rinse and repeat
    always bet on black...market

  27. #27

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by raininthrees View Post
    always bet on black...market

    Clever, very clever.

  28. #28

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by High Times View Post
    Cris should instantly try to run some Casinos sports books like William Hill is doing. How could they get turned down. These new books will never last without a corporate structure running them. Will all the new books be a William Hill garbarge book?
    how is Cris not garbage? what do they offer? Id rather see Betfair or someone who offers little leauge

  29. #29

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by railbird View Post
    how is Cris not garbage? what do they offer? Id rather see Betfair or someone who offers little leauge


    in-game is solid... gives score of game.... is anyone as fast as them with the lines and score watching cris website?

  30. #30
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    Default Re: Offshore Sports Gambling

    Quote Originally Posted by FISHHEAD View Post
    It's NOT illegal to bet offshore in many states.

    Banks are not going to take kindly to credit cards used to post up, see a huge issue here!

  31. #31
    Just Drawn This Way Squarepants's Avatar
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    Default Re: Offshore Sports Gambling

    I'm still trying to figure out Fishhead's comment -- thought that the UIGEA prohibited the banking transactions with the offshores and the Wire Act further prohibited wagering across state lines, including going across state lines to offshore. As in, what state law provides is irrelevant in that context, where the bets are crossing state lines.

    John's whole "the internet is a borderless entity" concept has a nice linguistic twist to it, but it's a nonstarter legally. The US can, and has, prohibited the transactions with the consumer endpoint clearly within its territorial jurisdiction.
    Never confuse price with value, consensus with wisdom, or conformity with courage.

  32. #32

    Default Re: Offshore Sports Gambling

    Agree with the last 2 posts

  33. #33

    Default Re: Offshore Sports Gambling

    Quote Originally Posted by Squarepants View Post
    I'm still trying to figure out Fishhead's comment -- thought that the UIGEA prohibited the banking transactions with the offshores and the Wire Act further prohibited wagering across state lines, including going across state lines to offshore. As in, what state law provides is irrelevant in that context, where the bets are crossing state lines.

    John's whole "the internet is a borderless entity" concept has a nice linguistic twist to it, but it's a nonstarter legally. The US can, and has, prohibited the transactions with the consumer endpoint clearly within its territorial jurisdiction.


    true... but credit cards still work.... banks look the other way

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