Question 1

What is live betting?

Accepted Answer

Live betting, also called in-game wagering, is a recent development from various online sportsbook providers that allows bettors to wager on sports as the contests themselves unfold in real-time. Thanks to mobile devices with persistent internet connections, it’s easier than ever to participate in live betting, adding thousands of daily chances to win to your standard sports betting docket.

Question 2

What are the consequences of wagering on sports over the Internet under the age of 18?

Accepted Answer

All of the top online FL sportsbooks only require their customers to be 18 years old or older to use their services, including all of their casino games and racebook options. However, once you attempt to claim your funds, you will have to provide proof of your identity. If you are underage, or if you signed up underage and since turned 18, your account will be terminated and your winnings – and account balance – will be forfeited. However, in order to remain safest, we recommend that you wait until you are 21 to start using these sites. The reason being is that it is the highest required gambling age in the state of Florida and ensures that you can properly avoid any possible trouble with the state down the line.

Question 3

How can I fund my online sports betting account if my credit card fails to process?

Accepted Answer

There are numerous alternate methods via which you can fund your Florida sports betting account if your credit card fails to process. For rapid transfers, however, cryptocurrency is the only viable alternative to card payments, as other options (money orders, bank wires, etc.) can take up to 14 days to process and show up in your sportsbook wallet. Seeing as how Florida has sports teams in every major sport, there is always an event happening at some point in the year and those 14 days could mean the difference in cashing in on a game and not.

Question 4

Do I have to pay to sign up with an online sports betting site?

Accepted Answer

No, you never have to pay to sign up with an online sports betting site. If you ever come across any sportsbook that requires this, avoid them, as they are almost certainly untrustworthy and may be outright scams. The top online offshore sportsbook sites that accept Florida residents are free to join and many of them actually offer a welcome bonus. This will give an extra cushion for when you want to bet on the Dolphins or other teams for the first time.

Question 5

Do I have to pay taxes on my online Florida sportsbook winnings?

Accepted Answer

Yes, you have to pay taxes on your online Florida sportsbook winnings. The requisite government forms and instructional overviews are available here. While this may seem like an annoying process to do, it is the best way to remain safe from any penalties in the future. Florida also does not have a state income tax which is one less expense you have to worry about when filing your taxes.

Question 6

Is online sports betting a federal offense?

Accepted Answer

No, at least not with offshore sportsbooks. The Wire Act is the only federal law in place that has something to do with online sports betting and it only prohibits people in one state from using an online sportsbook housed in another state. For example, if you were enjoying a day in South Beach and wanted to place a sports bet, you can’t use one housed in New Jersey. However, the law has no jurisdiction over the operations of sports betting sites located in other countries or users of these sites.

Question 7

How do I join a legal Florida sports betting site?

Accepted Answer

In order to join a legal Florida sports betting site, you simply have to enter your name and some basic personal information into your betting site of choice’s automatic membership portal. This is no different than, say, signing up for a Netflix or Amazon account, and your personal information is secured with state-of-the-art encryption. Even better, the whole process only takes about five minutes or less! You could sign up for one in less time than it would take to arrives at one of Florida’s sandy beaches.

Question 8

When a Florida sports betting site payout is transferred via check, do I have to do anything special with it?

Accepted Answer

No. However, due to the nature of overseas checks of this sort, it is advisable that you do not attempt to cash the check immediately, as on rare occasions, such checks need additional time to clear. Simply deposit your check into your bank account, and then once it clears, you can draw it out as cash at your convenience. This applies to any bank you use or any Florida credit union you may be apart of.

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