Olympics Betting For 2018
Betting on the Olympic games is one of the more riveting avenues of sports betting, providing an electrifying connection between the global athletic phenomenon of world solidarity that embodies the Olympic games and the individual fan that watches from thousands of miles away. Not only is Olympic sports betting a way to connect to the magic that defines the Olympics, it is also a way to enjoy a legally sanctioned betting experience tied to events that may make history.
Options for legally betting on the 2018 Winter Olympic Games bring an exhilarating layer of involvement for those fans eager to connect in some way to the events through the thrill of betting entertainment. Americans looking for a legal way to bet on sports in the US can turn to offshore sportsbooks for all their gambling needs while remaining within the confines of U.S. law . We are confident in our recommendations to American sports fans seeking genuinely licensed and regulated internet betting on this season’s Olympic games.
Check out our newest section about betting on the Winter Olympics.
Best USA Sportsbook For Betting On The Olympics
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If you are looking for the most reputable sportsbook to bet on the 2016 Olympics, then look no further than Bovada. They are a household name in the industry and have a perfect track record with players. As a matter of fact, they've never missed a payout. So if you happen to win big while betting on the Olympics, you won't have to sweat getting paid.
New players can take advantage of a generous 50% signup bonus up to $250 free on their first deposit to the sportsbook which can be made via credit cards, bitcoin or money transfers.
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Best Legal USA Online Sportsbooks
For Olympics Betting In 2018
Each of the following sites are US friendly and offer betting odds on the Rio Summer Olympics. Every single one of these sites offer's some exciting welcome bonuses for new players and will match your first deposit up to a certain amount.
US Gambling Laws That Affect Betting On The 2018 Winter Olympics
There are a few US federal gambling laws that impact the options that are readily available for betting on the Olympics in the United States. The Professional and Amateur Sports Protection Act, also known as PASPA, governs land based sports betting in the US. There are four states that are exempt from PASPA, including, Nevada, Oregon, Montana and Delaware. Those four states are legally permitted to offer sportsbook gambling to their residents and visitors if they choose to do so. When the law was enacted in 1992, states with existing gambling industries in place were afforded a year’s grace period in which to add sports betting options to their platform should they desire. The grace period was offered with New Jersey’s existing gambling market in mind, however the state failed to move forward with steps to take advantage of integrating sportsbook gambling into their repertoire. As a result, the state is facing legal opposition from the federal government in their efforts to add limited sports betting options. There are a few venues that are exempted from PASPA’s restrictions, including pari-mutuel wagering on horses and dogs.
The second US federal law that plays a role in the regulation of US based sports betting is the Federal Wire Act. This law effectively prohibits US based online betting on sports. This means that it is not legal for any business operating within the United States to launch an online sportsbook offering real money betting options. The law only restricts sports betting activities, and does not apply to other types of online gambling, such as casino games, poker or bingo.
While these two federal laws effectively restrict US based sports betting both online and offline, they do not have any influence over legally licensed and regulated offshore sportsbooks offering betting services to US residents. These types of destinations enthusiastically accept US customers and offer competitive betting lines, odds and wagering options that are in line with the standards established in Las Vegas. Neither PASPA nor the Federal Wire Act prohibit US residents from engaging in online sportsbook gambling at these types of legitimate sports betting sites. You can see a listing of recommended legal online sportsbooks that offer Olympic events betting lines to US residents.
Update to the Federal Wire Act: In 2019, the DOJ reversed their 2011 stance on the Wire Act to prohibit any gambling information, data, and wagers to cross state lines making the environment completely intrastate. However, many states have begun the process to legally challenge this decision in court due to their tax revenue dependence on the industry.
About The Winter Olympics
The Opening Ceremony for the 2018 Winter Olympics takes place on Friday, February 9, in PyeongChang, South Korea. There will be curling and ski jumping held before the Opening Ceremony. On the day of the Ceremony there will be curling, figure skating and freestyle skiing. You can consult the 2018 Winter Olympics Schedule for specific times and dates. There are 15 total sports categories divided up into further subsections. Representatives from 206 countries will be competing for glory in this year’s contests.
There will be a high number of betting lines offered throughout the tournament. Wagering types will include point spreads, props, futures, parlays and more. You can bet on which nation will win the most medals, place head-to-head bets between 2 countries, among others. The most popular betting categories for the Winter Olympics are ice hockey, alpine skiing, snowboarding and figure skating. The 2018 Winter Olympics will feature Big Air Snowboarding, Team Alpine Skiing, Mass Start Long Track Skating and Mixed Curling for the first time in history. Germany, Norway, USA, Canada and Netherlands are the countries with the best odds of winning. These may change as the tournament progresses.
US residents without access to a Vegas bookmaker can legally access 2018 Winter Olympics betting lines through any of the approved sportsbooks listed on this page. They have each been vetted through a rigorous screening process and passed our quality assurance tests. Each brand is legally licensed and regulated by offshore governing jurisdictions that have legalized online sportsbook gambling for their respective territories, thereby making it legal for them to offer their services to players around the world, including the US.
Official Website: https://www.pyeongchang2018.com is the official website for the 2018 PyeongChang Winter Olympics. They feature a complete listing of all events, schedules, news and more.