Anybody bet through an off shore site?

[JohnGalt1]

I receive a mailing from BetUS.com.

They are located in Costa Rica.

I can not bet my home track Canterbury from my home due to state laws barring bets from MN residents.

I did ask if money wagered went into the track pools. I was told no, that they book the action which makes sense.

If I open an account I would like to know, if you've ever bet through one, how trustworthy betting sites not located in America are.

[lamboguy]

i gave it up for lent

[geroge.burns99]

Originally Posted by JohnGalt1

I receive a mailing from BetUS.com.

They are located in Costa Rica.

I can not bet my home track Canterbury from my home due to state laws barring bets from MN residents.

I did ask if money wagered went into the track pools. I was told no, that they book the action which makes sense.

If I open an account I would like to know, if you've ever bet through one, how trustworthy betting sites not located in America are.

If your a big winning player , they will eventually toss you....

If you want to play and get rebates and get that action...whats a few 100 dollars...I wouldn't keep a lot there...

GB

[Inner Dirt]

I had a friend that was ripped off by World Sports Exchange (WSEX) for the tune of about $10,000. Even though they did not cease operations till 2013, they started screwing people over long before that. My friend's hose job was mostly from a future bet on the LA Lakers to win the NBA title in 2009. During the play-offs he bet the Lakers in each series and then let ride to the finals, cashed all those and the future bet made before the season. His stake for that $10k was $1500, but he had a rough year betting so he figured that play-off hit got him a little better than even.


What WSEX did as evidenced by constant postings on internet forms was keeping the smaller customers who did not make any big hits paid off, while giving ones who tried withdrawing 4 figure plus sums nothing but one excuse after another for what appeared to be about a half dozen years. They obviously hoped to get word of mouth referrals from friends of the people who were getting paid.


I would let my betting style dictate whether to risk it or not, small player who is rarely in position for a big hit, go ahead. If you are dumping hundreds a day into Pick Six pools and putting $100 on each try to hit a superfecta I would not do it.

[geroge.burns99]

Originally Posted by Inner Dirt

I had a friend that was ripped off by World Sports Exchange (WSEX) for the tune of about $10,000. Even though they did not cease operations till 2013, they started screwing people over long before that. My friend's hose job was mostly from a future bet on the LA Lakers to win the NBA title in 2009. During the play-offs he bet the Lakers in each series and then let ride to the finals, cashed all those and the future bet made before the season. His stake for that $10k was $1500, but he had a rough year betting so he figured that play-off hit got him a little better than even.


What WSEX did as evidenced by constant postings on internet forms was keeping the smaller customers who did not make any big hits paid off, while giving ones who tried withdrawing 4 figure plus sums nothing but one excuse after another for what appeared to be about a half dozen years. They obviously hoped to get word of mouth referrals from friends of the people who were getting paid.


I would let my betting style dictate whether to risk it or not, small player who is rarely in position for a big hit, go ahead. If you are dumping hundreds a day into Pick Six pools and putting $100 on each try to hit a superfecta I would not do it.

[baconswitchfarm]

Originally Posted by Inner Dirt

I had a friend that was ripped off by World Sports Exchange (WSEX) for the tune of about $10,000. Even though they did not cease operations till 2013, they started screwing people over long before that. My friend's hose job was mostly from a future bet on the LA Lakers to win the NBA title in 2009. During the play-offs he bet the Lakers in each series and then let ride to the finals, cashed all those and the future bet made before the season. His stake for that $10k was $1500, but he had a rough year betting so he figured that play-off hit got him a little better than even.


What WSEX did as evidenced by constant postings on internet forms was keeping the smaller customers who did not make any big hits paid off, while giving ones who tried withdrawing 4 figure plus sums nothing but one excuse after another for what appeared to be about a half dozen years. They obviously hoped to get word of mouth referrals from friends of the people who were getting paid.


I would let my betting style dictate whether to risk it or not, small player who is rarely in position for a big hit, go ahead. If you are dumping hundreds a day into Pick Six pools and putting $100 on each try to hit a superfecta I would not do it.

My friend had a similar situation with a different off shore. It would be months if you hit a decent amount and tried to withdraw.

[Poindexter]

I don't use offshores these days, but I will add this. I think this is probably about the worst time to take that leap. With legalization of sports betting pretty likely just about everywhere eventually, most of these places will start having issues of more money coming out and less money going in. Seasoned bettors will probably stay offshore so they can shop, but recreational bettors will shift towards legalized betting in the US (the guys that are sitting around all day waiting for the best line on every game are not exactly the guys that they need as customers). It is ultimately recreational bettors that fund (profit wise) offshore sports betting. The more bettors they lose, the less cash they have and the less profitability they have which ultimately may prove financial doom for some of them. As alluded to by Inner Dirt, I doubt these guys have all their customers deposits sitting in a bank ready to pay out should the need arise.

[geroge.burns99]

Originally Posted by Poindexter

I don't use offshores these days, but I will add this. I think this is probably about the worst time to take that leap. With legalization of sports betting pretty likely just about everywhere eventually, most of these places will start having issues of more money coming out and less money going in. Seasoned bettors will probably stay offshore so they can shop, but recreational bettors will shift towards legalized betting in the US (the guys that are sitting around all day waiting for the best line on every game are not exactly the guys that they need as customers). It is ultimately recreational bettors that fund (profit wise) offshore sports betting. The more bettors they lose, the less cash they have and the less profitability they have which ultimately may prove financial doom for some of them. As alluded to by Inner Dirt, I doubt these guys have all their customers deposits sitting in a bank ready to pay out should the need arise.

good point...thx

But i think Nevada will find a way to screw their residents somehow

[Dave Schwartz]

Originally Posted by geroge.burns99

good point...thx

But i think Nevada will find a way to screw their residents somehow

Not sure what you mean by that.

While I can find a lot wrong with Nevada, the gaming is pretty clean. (Note that I did not say completely free of dishonesty.)

When you make a bet in NV, it is safe to say that you will PROBABLY get paid.

HOWEVER... Betting with a bookie always includes a risk based upon:

1. They don't have the money to pay you.
2. They say you never made the bet or, worse, bet the other way.
3. They've decided they just don't WANT to pay you.
4. They've determined that you are a winning player and they don't like winning players. (BTW, we're keeping your money.)

By comparison, a former wagering partner of mine called in a trifecta with a co-mingled site that resulted in a $37,000 payoff -- EXCEPT THE TICKET WAS INCORRECTLY WRITTEN on the other end.

The site paid the ticket!
Try that with a bookmaker.

[geroge.burns99]

Originally Posted by Dave Schwartz

Not sure what you mean by that.

While I can find a lot wrong with Nevada, the gaming is pretty clean. (Note that I did not say completely free of dishonesty.)

When you make a bet in NV, it is safe to say that you will PROBABLY get paid.

HOWEVER... Betting with a bookie always includes a risk based upon:

1. They don't have the money to pay you.
2. They say you never made the bet or, worse, bet the other way.
3. They've decided they just don't WANT to pay you.
4. They've determined that you are a winning player and they don't like winning players. (BTW, we're keeping your money.)

By comparison, a former wagering partner of mine called in a trifecta with a co-mingled site that resulted in a $37,000 payoff -- EXCEPT THE TICKET WAS INCORRECTLY WRITTEN on the other end.

The site paid the ticket!
Try that with a bookmaker.

Dave....

I had a friend that had to go to the casino to place his bets....

this was a few years ago......did Nevada always have on-line betting...?

or maybe it was an excuse to get out of the house

GB

[Dave Schwartz]

Originally Posted by geroge.burns99

Dave....

I had a friend that had to go to the casino to place his bets....

this was a few years ago......did Nevada always have on-line betting...?

or maybe it was an excuse to get out of the house

GB

To my knowledge, only sports is available via apps but no online.

But I really don't know.

[MJC922]

Not lately. 20 years ago I trusted Intertops for Derby futures and NFL. I'm sure the world has changed substantially since then but they were legit at the time.

[tbwinner]

I also just yesterday received a BETUS.com mailer? I wonder whose mailing list they bought?

[geroge.burns99]

Originally Posted by tbwinner

I also just yesterday received a BETUS.com mailer? I wonder whose mailing list they bought?

Isn't there a law against that?

[castaway01]

It's interesting the change in tone from 5 or 10 years ago on this topic. Back then it was "You're stupid if you're not taking advantage of rebates and betting offshore, you're leaving money on the table." Now it's "You're stupid to bet offshore, they won't pay you."