1. 03-07-18 12:45 PM #36
    jjgold
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    jump through hoops??

    The top books pay real fast with bitcoin
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  2. 03-07-18 12:51 PM #37
    USCPHILLYGUY
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    Coach when’s the last time you requested a payout via bitcoin? Mine took about 4 days to credit
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  3. 03-07-18 12:54 PM #38
    PAULYPOKER
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    Quote Originally Posted by Hman View Post
    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!!!
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  4. 03-07-18 12:58 PM #39
    Hman
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    Quote Originally Posted by USCPHILLYGUY View Post
    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
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  5. 03-07-18 01:14 PM #40
    jjgold
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    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
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  6. 03-07-18 01:15 PM #41
    PAULYPOKER
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    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......
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  7. 03-07-18 01:17 PM #42
    USCPHILLYGUY
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    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
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  8. 03-07-18 02:34 PM #43
    jjgold
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    The bottom line you can’t beat offshore Vegas never dented it
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  9. 03-07-18 02:39 PM #44
    USCPHILLYGUY
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    I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
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  10. 03-07-18 03:22 PM #45
    downsouth
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    Quote Originally Posted by USCPHILLYGUY View Post
    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.
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  11. 03-07-18 04:49 PM #46
    StackinGreen
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    Quote Originally Posted by Hman View Post
    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.
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  12. 03-07-18 05:58 PM #47
    Optional
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    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.
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  13. 03-07-18 06:03 PM #48
    jjgold
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    I lived there lots of people had accounts offshore

    Quote Originally Posted by USCPHILLYGUY View Post
    I’d love to know the percentage of Las Vegas residents who wager off shore. I’d think it a very small number.
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  14. 03-07-18 06:17 PM #49
    StackinGreen
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    Quote Originally Posted by Optional View Post
    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.
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  15. 03-07-18 06:59 PM #50
    jjgold
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    Great info here
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  16. 03-07-18 07:22 PM #51
    sweep
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    Quote Originally Posted by Hman View Post
    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...
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  17. 03-07-18 07:43 PM #52
    Hman
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    Quote Originally Posted by sweep View Post
    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.
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  18. 03-07-18 08:09 PM #53
    sweep
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    Quote Originally Posted by Hman View Post
    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
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  19. 03-07-18 08:15 PM #54
    Hman
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    Quote Originally Posted by sweep View Post
    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.
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  20. 03-07-18 08:17 PM #55
    jjgold
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    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
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  21. 03-07-18 08:35 PM #56
    sweep
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    Quote Originally Posted by jjgold View Post
    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.
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  22. 03-07-18 08:44 PM #57
    USCPHILLYGUY
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    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.
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  23. 03-07-18 08:50 PM #58
    MoneyLineDawg
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    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
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  24. 03-07-18 08:52 PM #59
    jjgold
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    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
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  25. 03-07-18 09:28 PM #60
    StackinGreen
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    More options the better, as I've said before.
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  26. 03-08-18 08:11 PM #61
    pattymayo
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    Nice little timeline here:

    http://www.espn.com/chalk/story/_/id...sey-vs-leagues

    Mark my words, by July 4th weekend you'll be able to legally make a wager on a sporting event in New Jersey.
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  27. 03-08-18 08:14 PM #62
    jjgold
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    time will tell

    best of luck to all
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  28. 03-08-18 08:16 PM #63
    pattymayo
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    JJ, will you meet me at Monmouth Park this summer once it's legalized?
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  29. 03-08-18 08:34 PM #64
    PAULYPOKER
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    Quote Originally Posted by USCPHILLYGUY View Post
    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............
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  30. 03-08-18 09:45 PM #65
    jjgold
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    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

    Quote Originally Posted by pattymayo View Post
    JJ, will you meet me at Monmouth Park this summer once it's legalized?
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  31. 03-08-18 11:31 PM #66
    StackinGreen
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    I'm making money on all the stocks that will have this huge market boom ahead of them for the next few years ...
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  32. 03-09-18 12:50 AM #67
    shocka1212
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    Quote Originally Posted by USCPHILLYGUY View Post
    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
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  33. 03-09-18 01:16 AM #68
    Underdog5229
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    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.
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  34. 03-09-18 02:17 AM #69
    Optional
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    Quote Originally Posted by Underdog5229 View Post
    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.
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  35. 03-09-18 05:13 AM #70
    jjgold
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    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

    Thank You
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