Random question. How is it okay to gamble with these offshore books? Using an example like bookmaker, 5dimes, bodog whatever. I was trying to explain this to a friend, but didnt know how I could explain correctly. Thanks for the help guys.
Gambling Legal/Illegal?
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MexicanStallionSBR Posting Legend
- 09-08-08
- 20429
#1Gambling Legal/Illegal?Tags: None -
tltaylor89SBR Posting Legend
- 06-19-09
- 19610
#2The act of Bookmaking is illegal there is no law on the books that I know of that restricts US citizens from gambling offshore.Now if you gamble offshore and dont report taxes the government can get you for that .Now if they prove you were knowingly hiding the funds to avoid taxes they could charge you with structuring which is a smaller version of money laundering. Penalty for this is up to 5years in prison and a 50% of all income that has not been reported to the IRS.Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#3illegal to place bets anywhere but Vegas in USA
No 10 ways around itComment -
obamaismyuncleSBR Posting Legend
- 12-31-08
- 17801
#4Always was under the assumption that it was OK to place bets off shore via the internet. Placing bets on the phone is highly illegal.Comment -
picoBARRELED IN @ SBR!
- 04-05-07
- 27321
#6it is illegal. you're funding terrorismComment -
sicklerSBR Posting Legend
- 06-05-08
- 15006
#8Just be careful where your paper trails lead to....Comment -
THE PROFITSBR Posting Legend
- 11-27-09
- 17701
#9you can gamble in Nevada, Atlantic City, any waterways that are tributaries of the Mississippi river as long as its on a boat, and any establishment that is owned by someone who's great great great grandfather or closer fuked a squawComment -
RudyRuetiggerSBR Aristocracy
- 08-24-10
- 65084
#10which state do you live in?
might be a felony
might be a misdeamenor
might be nothingComment -
DwightShruteSBR Aristocracy
- 01-17-09
- 102876
#11yes, thus the word offshore. Technically they are placing the bets in the country of origin where the book is located and licensed to operate, like Costa Rica etc and not in the US. That's how I see it.
No US citizen has ever been charged with gambling at an offshore sportsbook as far as I know.Comment -
ouman101SBR MVP
- 12-02-09
- 2815
#12George: "Well, in all honesty, I don't feel that what I've done is a crime. And I think it's illogical and irresponsible for you to sentence me to prison. Because, when you think about it, what did I really do? I crossed an imaginary line with a bunch of plants."
Judge: "Yeah... Gosh, you know, your concepts are really interesting, Mister Jung. Unfortunately for you, the line you crossed was real and the plants you brought with you were illegal, so your bail is twenty thousand dollars"Comment -
MexicanStallionSBR Posting Legend
- 09-08-08
- 20429
#13Thanks for the responses so far. I was kind of thinking what dwight had said, thus the reason for books being offshore.Comment -
tltaylor89SBR Posting Legend
- 06-19-09
- 19610
#14Mexican Stallion I thought you knew the unwritten rules.Comment -
THE PROFITSBR Posting Legend
- 11-27-09
- 17701
#15George: "Well, in all honesty, I don't feel that what I've done is a crime. And I think it's illogical and irresponsible for you to sentence me to prison. Because, when you think about it, what did I really do? I crossed an imaginary line with a bunch of plants."
Judge: "Yeah... Gosh, you know, your concepts are really interesting, Mister Jung. Unfortunately for you, the line you crossed was real and the plants you brought with you were illegal, so your bail is twenty thousand dollars"Comment -
zam77SBR MVP
- 11-03-10
- 3586
#16Very informative site. Gives you some answers, but a lot to read. From what I gather I agree with RudyR... it's the state in which you live that will ultimately have the last word.
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MexicanStallionSBR Posting Legend
- 09-08-08
- 20429
#17Once again thanks for sharing your input.Comment -
nli07SBR Wise Guy
- 07-03-06
- 604
#18Some laws are never enforced...Comment -
MexicanStallionSBR Posting Legend
- 09-08-08
- 20429
#19I think I collected great information in this thread ha. Especially from JJGoldComment
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