Offshore Sportbook 101

That company is still around today and is doing just fine. That company is known as CRIS Sports.

Remember, this is still the late 1980’s. The internet is still not even a word in the dictionary!

So for the next few years, a few other companies, American bookmakers from various parts of the US, operated out of the Dominican Republic and then, Antigua.

 

It was around 1994 when the online boom started to take off mostly via services like prodigy and AOL. It was then that you started to hear whispers about this thing called the internet. Ohhhhhh. The internet. What is it? How do I get on it? Is it safe?

 

If you have only been on the net a few years, you wouldn’t recognize the early internet. It was made up of sites that were mostly all text. There were no fancy websites with flash and so on. Just plain text links. Oh, and there was no such thing as a domain name. All the websites has these really long addresses that made no sense whatsoever.

 

But back in 1994 and 1995 is when you first started to see offshore sportsbooks on the internet. Back then, the websites served as billboards. There was no online wagering. You simply went to the website to get a little more information about the offshore sportsbook. In those days, there were LESS THAN 10 offshore sportsbooks in operation.

 

It wasn’t until around this time that a company named Intertops started accepting wagers via the internet. They were located in Austria but eventually moved a branch of their business to Antigua.

 

From that point forward, each year so tremendous growth. The offshore sportsbook industry just literally exploded and continues to grow to this day. There are now offshore betting companies in Russia, England, Australia, All over the Caribbean, and places too many to name. Literally allover the world, with no end to the growth in site.

 

Offshore sports betting has seen it’s share of problems. There have been various situations over the years where these establishments have gone out of business, taking their customers deposits with them. There have been court cases and arrests for alleged illegal activities and so on. But this is no different than any other industry. There are always going to be growing pains.

 

Bettorsworld has been along for the ride since the beginning and has enjoyed every minute of it. One can only imagine what the next 10 years will bring.We′ve already seen the poker boom. What’s next?

 

Whatever it is, there’s no doubt that offshore sportsbetting and offshore sportsbooks are here to stay. It’s really only a matter of time before you see this entire industry regulated in some fashion. There’s really no other way to go. It’s just a matter of time.