What a Sports Investor Should Look for When Choosing a Sportsbook (Part III)

In Part I and Part II of this guideline, I went over 8 items that I use to determine if a Sportsbook is safe for me to keep my investments. Today I'm going to go over the last one, which is a very important PPB Guideline tip.

Location & Legality

It might seem like two, but they really go hand in hand so much that they should be treated as one. As most of us US citizens know, it is illegal to place online wagers on Sports, based on the US Wire Act. So the most obvious thing here is, if the site is based in the United States, then stay far away from it. The last thing you want to do is to grow your investments just to end up facing prosecution by our government. After prosecution you could end up having those funds seized, and possibly spend some time in prison.

Just making sure that the Sportsbook is located offshore is not enough. You need to find out the legality of Online Sports Gambling in that country. The most common locations that Sportsbooks call home include Antigua (which is successfully challenging the US ruling with the WTO so far), United Kingdom, Costa Rica, Gibraltar, Isle of Mann, and Kahnawake (Indian reservation just south of Montreal).

At these locations, online gambling is allowed and legal but Sportsbooks must go around jumping through hoops to get US business. Yet, even then, they are still within the grasps of the US governments long hands as seen recently with BetOnSports. Some online gambling sites are forced to stay away from the US market with their advertising and let US citizens just "find" them.

So be a smart investor. Spend a few minutes looking up the location of a Sportsbook and legality of the online sports gambling in that location. Lastly pay your taxes on your winnings like a good citizen, and you'll be ok. We might not agree with all the laws but since we are here we do have to abide by them.

These 9 PPB Guideline Tips provide you all the different areas of research that need to be done when reviewing a Sportsbook. Following these tips to chose a Sportsbook will eliminate any of your concerns and worries about where your money is kept. Without this worry, you can concentrate on growing your investment smartly and consistently and be able to enjoy it all afterwards.

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