Internet Sports Betting: Where Can I Get My Betting App?
Internet sports betting has exploded in popularity over the past year or so, from casual hobbyists to professional bettors looking for a high-quality alternative to the now-routine newspaper sports columns. In-person betting started in Michigan last year but quickly went underground after the closing of the local Detroit casinos. The internet sports betting sites opened up in the fall, opened again Nov. 14, and have remained closed at reduced staff since then. While there may be some validity to the idea that more people would bet on internet sports betting if it were available in person, there are also many other strong reasons why the betting industry is flourishing in the digital space. The major benefits for the bettors include:
* Experience: While newspaper sport betting is primarily done by amateurs with no betting license or knowledge of the inner workings of sport leagues themselves, internet sports betting is an accessible skill for anyone who can find a suitable online betting forum and follow simple tips and tricks. Unlike in person sports, bettors do not need to read about a team or match before placing their bets. Instead, they can simply open their laptops, fire up their internet browsers and place bets with just a few clicks. This accessibility also means bettors can spend more time watching games rather than analyzing their betting decisions.
* Security: Unlike in person sports betting, it is easy to conduct internet sports betting on casino websites. There is no need to provide personal information such as credit card numbers or bank accounts in order to place a bet. Instead, all bettors use the same virtual account that acts like a bank account. With this form of online sports betting, bettors can enjoy the same level of security as players would find at traditional online casinos. The high level of security and encryption methods used by casinos make it difficult for criminals to access and use their credit cards.
* No deposits required: Betting sites usually require bettors to open a deposit account, which means they are required to make a deposit before they can begin. This form of online betting is a good way to practice safety precautions. However, it takes only a few seconds to make a deposit and most online betting sites offer a range of deposit options, from credit cards and e-wallet services to e-checks and money transfers. Since the majority of sports games do not allow refunds, the only option to get your money back is to wait until the end of the game and withdraw it.
* Noonafter, the Wire Act: Gambling and online sports gambling is against the federal law. The Wire Act punishes anyone who attempts to circumvent Wire Act regulations. Any violation results in heavy fines and a prison sentence.
* National Collegiate Athletic Association: The NCAA is the governing body for athletic programs. Any association with an Internet sports betting site is required to treat its members well. Many sites place bets in games that do not even involve college athletes. As such, the NCAA and its enforcement team are very serious about protecting its revenue stream.
* Federal Trade Commission: The FTC works hard to protect consumers from any and all fraudulently designed scams. Part of that duty is to set up guidelines and to define what counts as a scam. One example of this is the Wire Act. The Wire Act defines the minimum payment amount that must be made in order to make a valid bet. Other examples include a wire transfer or a withdrawal that uses a prepaid or stolen card.
Legal Sports Betting Apps: Internet sites that provide legal sports betting apps are often supported by an industry organization, like The Betting Apps Alliance, which works closely with the Feds to monitor the industry and make sure it doesn’t fall into disrepute. In addition, the Betting Advantages Alliance provides members with tools and information that can help bettors make better decisions. The most effective and popular of these is the Wire Chart, which helps the wager understand the odds of different games and the chance of winning. There are also legal sports betting apps available from the Betting Channel, which shows you the different ways to bet and offers a full list of sportsbooks available across the United States.