Monday, April 03, 2006

In the last several years, dozens of Internet sports books have sprung into existence. Many are located offshore, in Central American countries or on Caribbean island nations where their bookmaking activities are not illegal. Notably, however, these sports books are frequently run by Americans and direct their activities to bettors in America interested in gambling on American sporting events such as baseball, football, and basketball. Typically, the books accept bets only in U.S. currency, and further require that all wagering be done from pre-funded betting accounts. Toward this end, their websites provide instructions to bettors on how to wire transfer money to the sports books. Many advertise in U.S. magazines especially devoted to sports fans, in college newspapers, or on websites devoted to gambling generally or sports betting in particular. Read further...