Have you ever considered trying your luck at sports betting? If so, there are some things you should know before you do so. First, it can be very fun and exciting. However, it also carries with it some risks. You should be aware of those risks when you begin.
Many people make the mistake of thinking they can place sports betting bets anywhere they want in the state of Florida. Unfortunately, this is not true. This misconception should be tackled head on, because it leads to some mistakes that can cost you money and/or even your job. That’s why I want to take a few minutes to explain why it is illegal for a Florida resident to place sports bets on any Florida based sports betting sites. This article will go over the specifics of that ban as well as what you can do to circumvent it.
The law in Florida is very straightforward when it comes to online gambling. Anyone breaking the law can face serious consequences. For example, a person who is caught gambling online can face up to five years in prison. That’s a pretty scary amount of time to spend in prison. Therefore, if you decide to try your luck at online casinos in Florida, make sure you follow all the laws and guidelines outlined by the Florida State Department of Financial Services.
Unfortunately, there are many individuals who find themselves in hot water when they are participating in online gambling. Two of the most popular sports betting sites in Florida are Coral Gables Sportsbook and the Betfair Network. In addition to being shut down by the Florida State Department for offering gambling to the public, both of these betting sites have also been sued numerous times by customers who claimed they were either improperly charged or their winnings were never returned.
When you are looking to partake in sports betting in Florida, you need to realize that you are going to be legally required to partake in a credit check first. This will help to ensure that you aren’t dealing with individuals or companies that are simply in the business of taking advantage of people. If you do get approved for a credit account, you are then going to need to complete an actual wagering plan with the company you have chosen. This usually entails putting down a specific amount that you are willing to wager with, placing a stake of say a hundred dollars on a football game, and then waiting to see if the bet pays off. While the Coral Gables Sportsbook and the Betfair Network are not illegal, they are not exactly ethical.
Despite the fact that online sports betting sites in Florida have to follow a few regulations, there are still a few gray areas that are often overlooked. For example, in a sport like football where the score is rarely ever tied, there is really no way for a sportsbook to take a risk on the unknown factors involved in making a call such as whether the ball will go out of the end zone for one team or for the other. In these situations, betting strategies such as spread betting are utilized by many sportsbooks, though they are not recommended by any means.
In terms of legal matters, both Coral Gables and the Betfair Network are in good standing with the State Department of Gaming. Both sites are licensed to deal with sports betting in Florida and have complied with all of the laws governing sports betting. Additionally, both of these companies operate under the rules and regulations of the United States Department of Justice. So, both sites are well within their rights to operate sports betting sites in Florida.
Overall, online sports betting sites in Florida are a very safe place to get your bets in. In addition to the regulated environment that both companies enjoy, both sites are well known for their honesty and transparency with their customers. In light of this situation, it can truly be said that online sports betting in Florida has come a long way from its humble beginning. The online sports books that cater to Florida are here to stay and, if you are lucky, may even grow to become a local business which offers more than just gambling opportunities.