After a couple emails from readers who were contemplating offshore betting we decided to write this piece. We are calling it “the complete guidebook to betting offshore” and it has already been recognized as one of the finest pieces of information on the topic of offshore sports betting throughout the betting community. Most of our readers already know why you should be placing your bets offshore, bonuses, convenience, reduced juice, etc. etc. but a lot of players simply are confused on how to do so. After reading this piece of literature you will be fully prepared to start offshore internet betting.
The first step is to choose a quality online sportsbook. This is the most important piece of betting offshore. There are over 1000 internet sportsbooks out there today, most of which are low quality books that don't deserve your action. You always want to stick with the big boys, books that have a good reputation, excellent customer service, and that are rock solid financially. Lets face it after you win, you do want to get paid quickly and hassle free. If you don't know which books are quality, well run businesses, we do have a sportsbooks section which lists some of the superior offshore sports betting books we personally bet at daily. All of the books listed on madduxsports.com are top notch and include a sportsbook review so you can see all their company information, bonus plan, and contact information.
If there is an offshore betting online portal you are considering playing at, but isn't reviewed or recommended by Maddux Sports, you can check out a website called sportsbookreview.com for a letter grade. They are one of the few honest review sites out there that doesn't have an agenda or favoritism towards certain books. We must warn you though; these days there are plenty of sportsbook review sites on the Internet. Most of these websites are owned by sportsbooks or affiliates and the advice or suggestions they provide should be deemed biased.
After you have found the book that suits your betting needs, you are going to need to sign up for an account. This is a pretty simple process; they will ask you for your name, address, to create a password, etc. etc. They ask you for the pertinent information, if you have ever made a purchase online it is the same type of deal. If you are not all that Internet savvy, most books will allow you to call their 800 number and setup your account over the phone. But again the online signup process is pretty straightforward.
After you have registered for an account, you are going to need to deposit funds into the offshore betting account. Different books offer different deposit options so you will need to see exactly which methods your book does offer. Each book is different but normally clicking on the cashier or the deposit link will inform you what methods they accept. The most common ways to deposit are bank wire, western union, visa, mastercard, and money transfer through online companies like neteller, moneybookers, and firepay.
Bank wire is pretty self explanatory; you transfer funds through your bank account to the sportsbook to start betting.
For western union, you will need to contact the sportsbook and request the receiver's information. You will need their name, city, country, and zip/postal code. They will remind you to add your account number when you send the funds to speed up the deposit process.
Visa and Mastercard deposits are a little trickier. The first problem with credit card deposits is some banks have stopped allowing deposits to offshore betting sites. It all depends on the website and your issuing bank if a credit card deposit will work. Quite frankly credit card deposits are becoming a thing of the past since they always don't go through and the maximum deposit is usually pretty low.
As much as credit card deposits are a thing of the past, money transfer through neteller, moneybookers, and firepay are the ideal way to deposit these days. Much like paypal, (who no longer accepts online gambling transfers) these 3 companies allow you to send and receive money to online merchants instantly. You transfer funds to your neteller, moneybookers, or firepay accounts via your bank account and than use that money to deposit at the sportsbook and start betting offshore. Signing up for either one of the accounts is a simple task and takes just minutes to do so. You can click on any of the links above to visit each website and see which one you are most comfortable with. If you don't know which one to choose our personal preference is Neteller. We have been using Neteller for a few years now and in our opinion is the easiest and fastest way to send funds to and from a sportsbook.
Okay so now you have selected a sportsbook, signed up for an account, and have money available to start betting, what's next? Well clearly it is time to start placing your wagers. Each sportsbook has an easy to use wagering menu. It should be clean and concise so placing bets can be made swiftly and with ease. Most books will have it setup where you need to enter your password or initials to verify your wager. This avoids any misplaced bets or mistakes you may have made. After you have verified your wager you will be able to hit the pending wagers or open bets link and see all open wagers you currently have.
Once the game you bet on is over, you will be able to login and see your new account balance. The bigger books are pretty good at grading wagers within a half hour after the sporting event has ended. Some are quicker, some slower, just all depends on the time of year, the sport the wager was placed on, how busy they are, and how many graders the book has working. It is recommended to record all your offshore betting transactions in a log to track performance, betting trends, and any information you may need to look back on someday. This is not essential but highly suggested by Maddux Sports.
Okay so you have picked a few more winners than losers and would like to collect some of your winnings. It is time to request a payout. Most of the offshore betting parlors offer 1 free payout a month. Again some books may give free payouts for only certain withdrawal methods while others may offer free payouts via all methods. This all depends on the sportsbook and you should be able to view all their fees via the website. Please note if you deposited via credit card, it is mandatory for the sportsbook to credit the full amount of the deposit back onto your card before any other method can be used to receive money. Just another reason why credit card depositing, should be a last resort in terms of depositing. Stick with neteller or a cashiers check as again these are the easiest and quickest ways of getting your funds.
That pretty much sums up the offshore betting process in a nutshell.
We thank you for taking the time to read our guide to betting
offshore. If you still have any questions feel free to shoot us
an email and we can help you through the process the best we can.