The Truth Behind Sports Bets - Is It Legal? Is It Profitable?

Winning a bet is one of those quick-money schemes that individuals are easily interested in. However, this is not fail-safe and does not guarantee a bettor a win each and every turn. Profits for bettors are highly unpredictable and so are, for the most part times, not guaranteed.
There is one important matter to think about, though, when you're thinking of testing your lucky charms at betting. If you are residing in the USA, there are only a couple of states wherein this can be legal. As of 2009, only four states have legalized sports betting: Delaware, Nevada, Montana and Oregon. To escape state laws, most sports bets are conducted with the Internet. It is clear how the Interstate Wire Act of 1961 that prohibits gambling on sports outcomes only restricts bets made via telephone. However, legal experts are in a relentless debate as to whether or not including the Internet.
Other countries tend to be more favorable with betting, particularly Antigua and Barbuda (these countries won a suit filed about the WTO from the USA regarding gambling online). European countries have imposed laws that regulate, not ban, betting operations.
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