Seriously, Is Online Gambling even worth it for American posters ?

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  • vyomguy
    SBR Hall of Famer
    • 12-08-09
    • 5794

    #1
    Seriously, Is Online Gambling even worth it for American posters ?
    Step 1 :- Looking for a good sports book online?
    Issues:- Most books scam you. Barely around 2-3 books are good. Many people don't even know about these good books unless they visit SBR or other ratings site.

    Step 2:- I found a good book...now how can I deposit?
    Issues:- You can't deposit with this method that method...blah blah blah. Also have to deal with bank bull-shit.

    Step 3:- Ok finally made a deposit online...now lets start betting.
    Issues:- 98% of the people lose in sports betting long term. Have to deal with ridiculous -110 lines, limit winning players etc..

    Step 4:- Hey I was lucky to be among 2% that win ....Now how can I withdraw?
    Issues:- Limit on how much you can withdraw per month. Hefty fees for withdrawal. Bounced Checks. Long delays while withdrawing.

    Step 5:- Hey I survived steps 1-4...yahoooo ....I have the money in my hands baby.
    Issues:- You have to pay 30% of the winnings to Uncle Sam sir


    Bottom Line, Online Gambling in US in general is -EV and not worth all the hassles. Too much bull-shit to deal with. The only good thing about this is the "thrill" or the "adrenaline rush" you get while watching the games. Makes watching games more entertaining. Besides that, too many hassles to deal with online gambling in US. Oh, lets not forget that these online books can be closed anytime by DOJ .

    Oh and don't talk about the "stick to local" bull-shit. Do you really want to deal with those kind of underground people? You don't pay him, he will break your leg...good luck with that

    The best possible solution is to move to country where online gambling is legal and tax-free...like UK. Don't have to deal with any of the above mentioned bull-shit.
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