Gray Area Businesses
There has been a dark shadow on sports gambling for as long as anyone can remember, I am of course referring to the question, are bookies illegal?
How to Do It Right
To say the answer to this is a gray area is an understatement, sports gambling is legal in some parts, most notably Las Vegas, but the caveat here is that you must be physically present to place your bets.
Before the era of the offshore sportsbooks and internet gambling, the question was a lot more black and white than it is now. Several states are actively working to legalize and regulate internet gambling but in most parts of the US the answer is still no, there is no legal framework for local bookies to operate.
Getting back to the gray area side of this lucrative business, while there have been attempts to ban and shut down online gambling sites the reality is most governments are incapable of truly stopping you from running an offshore online gambling site.
The trick to staying out of trouble, however, resides in how you handle your payments. Most bookies who have found themselves in hot waters with the authorities were collecting and paying customers directly.
These days there are many ways to paying and collecting from your players that are much simpler and do not leave a paper trail. The latest is, of course, cryptocurrencies, Bitcoin, Ethereum and Litecoin are now being used as a major payment method at the top price per head shops like www.AcePerHead.com.
The convenience, simplicity and the low cost of these payment methods are some of the features that attract bookies the most, but, it is the anonymity factor that has made them the most sought out payment method in recent years.
Cryptocurrencies are not regulated by any financial institution or government, they are widely used, there is currently no legislation banning their use, and the way blockchain technology works, nobody knows who or where you are transacting with.
Bookies can also follow the lead of the experts at Ace Per Head, and start using cryptocurrencies to collect and pay their players, this way there is no physical exchange of money that can be traced back to online bookies.
This also opens the door to thousands of local bookies looking to expand their businesses, but, who up until now have refrained from doing so out of fear of becoming too big and being noticed and drawing the attention of their local law enforcement.
Cryptocurrencies are the way of the future, and this payment method although initially introduced into the gambling industry by lead pay per head companies, is available for bookies to exploit as well.
Seamless, easy to use and discreet, there is no reason why you cannot take your bookie business to the next level. Although for the foreseeable future, the question of are bookies illegal? Will still lingers and cast the online bookie into a gray area, there is now a concrete way to ensure you are doing it right, protecting yourself from over-exposure.
Taking your bookie to the next level has never been easier, and with the help of AcePerHead.com, and their suite of products you can achieve success in record time.