Online Sportsbook : Sports Betting - Contrarian Handicapping
As we have stated on a number of occasions contrarian handicapping is certainly a facet of this
business we know very well and respect a great deal...
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Offshore Sportsbooks
Offshore sportsbooks, or sportsbooks located outside of the United States, is where the majority of sports bets are placed...
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Offshore Sportsbooks

Offshore sportsbooks, or sportsbooks located outside of the United States, is where the majority of sports bets are placed. Taxation and regulation vary greatly by country, but most of them offer convenient internet wagering 24 hours a day.

Offshore sportsbooks range from fraudulent operations with no intention of paying their customers when they win, to multi-billion dollar publicly traded companies. Players share experiences and information with each other as there is often little or no legal recourse in the case of a dispute with an offshore sportsbook.

Offshore sportsbooks range in focus, as some primarily cater to American sports, while others focus on European Soccer. Some sportsbooks handle large wagers while others have low wagering limits. Some offer many exotic proposition wagers, where others have limited choices. Payment methods are not universally accepted at all sportsbooks.

Costa Rica is home to the majority of offshore sportsbooks, as it caters to many of the needs of the industry. They offer an open regulatory environment and a large, capable workforce. In England, gambling reform is cause for expected industry growth within. Sportsbooks are also located in Jamaica, Gibraltar, Antigua, Cura ao, Australia, as well as many other countries around the world.

The United States Justice Department claims that wagering at offshore sportsbooks is a violation of the 1961 Federal Wire Act. They have made many attempts to attack the offshore sportsbooks, all of which operate out of their jurisdiction, by threatening advertisers, financial transaction processors (PayPal, for example), and credit card companies with legal action.

Jeffrey Trauman of Harwood, North Dakota, was the first player ever to be prosecuted for online gambling in the United States. The former car salesman, who quit his job to become a professional gambler, was cited under a North Dakota state law.