We are here to tell you why online sportsbooks are superior than any other option. As of February this year, 25 states in the US have legalized sports betting. A handful of states have legislation that has either been voted on or will be voted on to bring that total even higher by the end of 2021.
Interestingly enough, US bettors that can now bet legally are still heading to offshore sportsbooks to place their wagers. Sure, states like Michigan and Pennsylvania have seen dramatic increases in state revenues because of sports betting, but offshore books are still making a killing. How is that possible?
There are a number of reasons why. Don’t expect offshore sportsbooks to go anywhere either. They will be around for a long time because online sportsbooks are superior.
Experience Trumps Everything
There is a reason why you take your car to get fixed at the local garage. There is a reason why you have been dealing with your bank for the last 20 years. It’s about experience. Your car guy worked on your parent’s cars and has been around for decades. The same is true of your bank.
It’s the same in the world of offshore sportsbooks. These online sportsbooks have been around for 20-plus years. They know the industry. It may be the main reason online sportsbooks are superior. Who do you think brought technology to the world of sports betting? That’s right. Offshore sportsbooks.
There may be times when you’re tempted to try something new, but when you want a sure thing you go for the company that has been around the longest; the one that has it all figured out. You choose the one that has more experience. That is one reason why online offshore sportsbooks will never go away.
More Choices Make Online Sportsbooks Superior
When you can’t find odds on a game you were looking to bet, you will find it at an offshore sportsbook. Maybe it’s an obscure sport – table tennis or Australian rules football – that you are searching for. Whatever the case, online sportsbooks simply offer more choices.
You will find a wider range of sports and events at an online sportsbook compared to one in the US. Sportsbooks in US states are regulated by both federal and state laws. Those regulations have an effect on what is offered by sportsbooks.
Minus that regulation, offshore sportsbooks can offer more betting choices. When getting this variety with so many choices, line shopping is easily done when using multiple online sportsbooks.
In the United States, all income is taxable. That would include income made from betting on sports. These new US sportsbooks are required by law to report certain winnings. These reported winnings vary by state.
Some states, bettors must report any winnings over $600. In others, the limit might be higher. But in other cases, the taxes are taken right out of the winnings. In those where they are not, the sportsbook must send a document notifying the bettor that taxes are due on the winnings.
Offshore sportsbooks do not fall under the jurisdiction of the US government. They are not required to send any documentation related to taxes.
Convenience = Makes Online Sportsbooks Superior
Believe it or not, there are five states in the US where you can only place a sports bet by doing so in person. That means you have to go to a physical sportsbook and place your wager. Tell me that alone doesn’t make you believe online sportsbooks are superior.
So, you have to get in your vehicle, drive to the sportsbook, place the bet, and drive home. Why not just open an app on your smartphone and place the same bet from the comforts of your own home?
That is a huge advantage for online sportsbooks these days. The majority of sports bettors are doing so by using a smart device. It’s extremely convenient and another of the big reasons why bettors continue to choose offshore sportsbooks.
Did you see the amount of NHL draft props offered for this year’s NFL entry draft? It was insane … and a reason every serious bettor needs a number of online sportsbooks in their arsenal.
Better Variety, Lines & Odds
In addition to having more choices of sports and sporting events, bettors have the opportunity to find better lines and odds on games when they go online.
One of the keys to success in sports betting is simply finding the best lines and odds. To do so requires shopping and that is best done online these days.
The bottom line is you need to capitalize on betting diversity that offshore sportsbooks give.
Deposit & Payment Methods
Most all sportsbooks will accept the standard forms of deposit. Those include credit cards, bank or wire transfers, PayPal or other third-party sources, and more. The same is true for withdrawals. Most sportsbooks allow for similar forms of withdrawal.
Where offshore sportsbooks have an advantage over US sportsbooks is in the use of Bitcoin. Offshore books have been dealing in cryptocurrency for years. Using Bitcoin or Litecoin keeps bettors’ financial transactions safe and anonymous, something that appeals to many players.
Online sportsbooks will continue to remain superior because of their experience, their ability to offer more choices, better odds, and, ultimately, convenience.