Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
Comment
PAULYPOKER
BARRELED IN @ SBR!
12-06-08
36581
#38
Originally posted by Hman
Some states are already prepared/preparing to take online wagers.
See post #15:
The state recently became the fourth to legalize online gambling, and PA sports betting could be on the horizon. That same gaming law from 2017 also legalized sports betting, should the US Supreme Court strike down the federal ban this spring. That would include mobile wagering as well as betting on sports at casinos.
However, Offshore will still stand strong.
Legalization = Exposure
Exposure = More Players
More Players = More Competition
More Competition = More players finding better bonuses, odds, perks, and value Offshore
It's a domino effect.
PA!!!
Comment
Hman
SBR Posting Legend
11-04-17
21429
#39
Originally posted by USCPHILLYGUY
Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
Mine always takes 24-48hrs but from what I understand that is considered a long time compared to books which only take hours
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#40
it depends the time of day and book
some under 8 hrs..some 1-2 days
I am not driving 60 miles to get a payout and then drive another 60 to get home in NJ if legal
Comment
PAULYPOKER
BARRELED IN @ SBR!
12-06-08
36581
#41
Offshore's future after US becomes legal online.....
One advantage of using offshore books would be tax free offshore book transfers
as they won't be watched near as hard by authoritative gaming lobbyists in DC ...........
Some other advantages would have to be offering better odds,lower juice,better perks and bonuses
across the board in order to compete......
Comment
USCPHILLYGUY
SBR Posting Legend
12-15-12
21746
#42
Pauley I get the tax issues but not sure how comfy I’m feeling with waiting for a 10k plus payout offshore. I’ll offset the wins & losses to make it appear I’ve broken even
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#43
The bottom line you can’t beat offshore Vegas never dented it
Comment
USCPHILLYGUY
SBR Posting Legend
12-15-12
21746
#44
I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
Comment
downsouth
SBR Posting Legend
01-13-11
11580
#45
Originally posted by USCPHILLYGUY
I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
You be surprised. Im guessing that by time finished product reaches NJ its going to be super expensive. Look at how many are already looking to get their piece.
Comment
StackinGreen
SBR Posting Legend
10-09-10
12140
#46
Originally posted by Hman
Once most states start offering online wagering, funding methods will have to be opened up again.
Obviously this will open new avenues for offshore to take advantage of & depositing & withdrawing will likely become easier again as it used to back in the day.
Comment
Optional
Administrator
06-10-10
61682
#47
I think one thing US bettors will find negative about regulation will be the KYC and AML requirements they will be hit with.
It's one thing for books to be demanding bank statements and proof of income in the UK where gambling is tax free.
But if the USA retains taxing on gambling I can see a lot of unhappy people with that.
I think it might be tough to legally justify double taxing the industry and bettors on the same dollars once challenges are brought up too.
.
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#48
I lived there lots of people had accounts offshore
Originally posted by USCPHILLYGUY
I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
Comment
StackinGreen
SBR Posting Legend
10-09-10
12140
#49
Originally posted by Optional
I think one thing US bettors will find negative about regulation will be the KYC and AML requirements they will be hit with.
It's one thing for books to be demanding bank statements and proof of income in the UK where gambling is tax free.
But if the USA retains taxing on gambling I can see a lot of unhappy people with that.
I think it might be tough to legally justify double taxing the industry and bettors on the same dollars once challenges are brought up too.
Good point. This has been a huge problem in horse racing too.
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#50
Great info here
Comment
sweep
SBR Posting Legend
10-09-10
16753
#51
Originally posted by Hman
Once most states start offering online wagering, funding methods will have to be opened up again.
Obviously this will open new avenues for offshore to take advantage of & depositing & withdrawing will likely become easier again as it used to back in the day.
Please explain...
Comment
Hman
SBR Posting Legend
11-04-17
21429
#52
Originally posted by sweep
Please explain...
Players will have to have ways to deposit & withdraw funds with the legal online books.
Many remember the days of PayPal, Neteller, and other methods.
But once laws were passed to stop companies from moving money to & from offshore books, things got complicated & more difficult to move funds.
Once no telling how many 3rd party companies start taking on moving money via player deposits & withdrawals, offshore books will surely once again find ways to take advantage.
Comment
sweep
SBR Posting Legend
10-09-10
16753
#53
Originally posted by Hman
Players will have to have ways to deposit & withdraw funds with the legal online books.
Many remember the days of PayPal, Neteller, and other methods.
But once laws were passed to stop companies from moving money to & from offshore books, things got complicated & more difficult to move funds.
Once no telling how many 3rd party companies start taking on moving money via player deposits & withdrawals, offshore books will surely once again find ways to take advantage.
If the book is legal and regulated by the state all you need is a checking account....same thing we are doing here in Jersey with PokerStars. No need for 3rd party
Comment
Hman
SBR Posting Legend
11-04-17
21429
#54
Originally posted by sweep
If the book is legal and regulated by the state all you need is a checking account....same thing we are doing here in Jersey with PokerStars. No need for 3rd party
Checking account will be one of the options.
No way it's the only one though.
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#55
This NJ law is only for walk up bets
nothing online or apps
It was dumb because in future if they want it a long process
Talk to me when prices will be better than 5 dimes, heritage, betonline, matchbook and pinnacle
Talk to me when they have live betting on every game possible in world
Talk to me when they have hundreds of soccer games per day
Talk to me when they have every golf and tennis tourney daily betting and every league possible
Talk to me when they have lines on many womens ncaa nightly
Comment
sweep
SBR Posting Legend
10-09-10
16753
#56
Originally posted by jjgold
This NJ law is only for walk up bets
nothing online or apps
It was dumb because in future if they want it a long process
Talk to me when prices will be better than 5 dimes, heritage, betonline, matchbook and pinnacle
Talk to me when they have live betting on every game possible in world
Talk to me when they have hundreds of soccer games per day
Talk to me when they have every golf and tennis tourney daily betting and every league possible
Talk to me when they have lines on many womens ncaa nightly
The only way this works is if they have a geo-located phone app.....no one is going to Monmouth Park or Atlantic City to put a hundy on a game.
Comment
USCPHILLYGUY
SBR Posting Legend
12-15-12
21746
#57
Coach sadly you’re missing the point There’s a huge market for this yet you strike it down as ridiculous at every turn. The pro teams argument has always been “for the integrity of the game”. That argument flew out the window once pro franchise were allowed to move into Vegas. This is going to pass and like online poker is in NJ, will flourish.
Comment
MoneyLineDawg
SBR Posting Legend
01-01-09
13253
#58
Competition always good for the consumer....there will still be bookies and offshore but they will just need to offer better lines etc to keep up
Not sure if anyone saw but Draftkings just hired a "Head of Sportsbook" and has an office set up in NJ
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#59
No app will be useless other than nfl
Vegas volume got much better when apps were offered
I live in New Jersey I’m not even going to attempt to make a wager if it gets passed drive 60 miles and spend $30 you are your mind
It took nearly six years, but New Jersey finally prevailed and took its first legal sports bet on Thursday. Here is a fun look at how the state's odds changed over the course of its legal battle.
Mark my words, by July 4th weekend you'll be able to legally make a wager on a sporting event in New Jersey.
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#62
time will tell
best of luck to all
Comment
pattymayo
SBR Posting Legend
05-19-09
10221
#63
JJ, will you meet me at Monmouth Park this summer once it's legalized?
Comment
PAULYPOKER
BARRELED IN @ SBR!
12-06-08
36581
#64
Originally posted by USCPHILLYGUY
Coach sadly you’re missing the point There’s a huge market for this yet you strike it down as ridiculous at every turn. The pro teams argument has always been “for the integrity of the game”. That argument flew out the window once pro franchise were allowed to move into Vegas. This is going to pass and like online poker is in NJ, will flourish.
JJ's not going to bite the hand that feeds him............
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#65
I’ll probably be out of New Jersey by then but I have the seven best books that you can possibly ever happen the world so I don’t even care
Originally posted by pattymayo
JJ, will you meet me at Monmouth Park this summer once it's legalized?
Comment
StackinGreen
SBR Posting Legend
10-09-10
12140
#66
I'm making money on all the stocks that will have this huge market boom ahead of them for the next few years ...
Comment
shocka1212
SBR Posting Legend
10-06-12
16788
#67
Originally posted by USCPHILLYGUY
Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
Still better than waiting 3 weeks for a Stone Age check
Comment
Underdog5229
SBR MVP
10-31-11
1856
#68
Will this hurt sbr's bottom line once wagering is legal in every state with mobile betting? I think it all depends on the price of lines, the variety of the markets available and the amount winnings will be taxed.
Comment
Optional
Administrator
06-10-10
61682
#69
Originally posted by Underdog5229
Will this hurt sbr's bottom line once wagering is legal in every state with mobile betting? I think it all depends on the price of lines, the variety of the markets available and the amount winnings will be taxed.
I think SBR have been positioning themselves to be ready for the change for a long time. Hence the care about not letting US members buy points to bet in the sportsbook and stuff like that.
Fingers crossed it's good for players and SBR.
.
Comment
jjgold
SBR Aristocracy
07-20-05
388179
#70
SBR will flourish if it passes as will Vegas as will offshore
Offshore always will have the edge over everyone because of low coast to operate
NOBODY CAN TOUCH THEM NEVER EVER,,Legal places a fun place to go but that is about it not much to offer but generic sports and bets and lines just like Vegas