When an online sportsbook offers a bet, there’s a good chance there’s a good reason behind it. The most common reason to wager on football, basketball, or baseball is for the chance to win even more. If you think back over the years, many stories have emerged from online sportsbooks about customers that were so maniacal and reckless, they bet more than they should have, and always left themselves in a hole, sometimes literally.
One of the more notorious “bounties” from an online sportsbook occurred in the 2004-2005 football season. A customer that had over 40 wins while betting on his favorite NFL team, the Baltimore Ravens, was so aggressive he’d bet more than $50 on a game, if the Ravens were even a touchdown away from his home. Yet, when the ball eventually dropped, the Ravens were more than a touchdown and a big bet was made.
Another sportsbook that came up with a name was the Sportsbook.com, and they faced a lot of issues when it came time to pay the customers. In 2007, they faced a tax bill from the United States government which valued at $2.3 billion. In 2010, they started charging a premium rate of 20%. All in all, the company lost around $750 million in the US in the year 2010.
The story from last year is even sadder. When the US government seized the sportbooks, the owners were not informed and did not have access to the music. As a result, the US government legalized sports betting and the internet sportsbooks immediately went out of business.
So why are US citizens so passionate about sports betting? It’s clearly a passion because of the possible earnings available. The question is: are US citizens better gamblers than their European counterparts?
According to eCOGRA, the answer is clearly no. If statistics are to be believed, then theatical bettors placed in the European countries probably outpaced the US bettors. The revenue from the United States of America makes up only a small part of the total income of the European countries.
Another reason for the comparative lack of respect for the United States of America is the complete apartness of the American population, races, sexes and ages. In the United States of America, a person can bet in the comfort of their own home without the interruption or distraction from theairport, media, restaurants and customers.
In the United Kingdom, sports betting is illegal except in the few states that allow bookmaking in sports. The continental Europeans have the entire picture, so bettors from the United Kingdom may bet on almost anything. They can make a wager in almost any store, at the rate of 20 pence. The Americans also have betting problems as the country doesn’t have the same respect for individual liberty that the United States does. A person can bet very regularly in baseball, basketball, football, hockey, soccer and a variety of other sports in which odds can be established.
In the United States, the only manner in which a person can bet is at the Sports Books. These are almost always located in the betting boxes in the entrances of the dewapoker, and arenas Zeus sportsbook. You must have a cash account hooked up to the sportsbook and all transactions are done securely.
In the United States, the most bet games are played in Las Vegas. However, a person can place a bet in a casino in almost all the states. Betting in a casino is legal in Nevada, Oregon and Delaware. In Oregon, where casinos are banned, bets are excepted from the state lottery system. In Nevada, betting on horses is legal and is regulated.
All of these betting options are subject to monitoring by the Government, and foreign governments realize that the United States Government is the most powerful government in the world, not just on the football field, but in every aspect of human events.