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While online gambling continues to grow and expand as one of the industries with one of the most explosive growth rates in the financial history of the US – some experts believe the industry generated a total amount of revenue close to the $100 Billion in year 2004- it remains illegal and penalized by law for any person to use any form of wire communication facility within the US territory to accept or ‘write' a bet.
This has lead many bookmakers to set shop outside the US . With the aid of the Internet and servers located mostly in Latin American countries, any bookmaker can run his business from outside the US . While some offshore jurisdictions are safer than others, the bottom line is that there are no legal regulations in the offshore gambling industry. When a player loses his hard-earned cash to an unscrupulous operator, he has no legal resources to recuperate his funds.
Just last year, thousands of players lost millions of dollars to scam sportsbooks and little can be done to avoid it. In an environment like this, online players need to be extremely careful with whom they trust with their hard-earned cash and they should do some thorough research before depositing funds into an offshore account.
If you're planning to start playing online or you want to open a new account, make sure to check SportsCrew.com Danger Zone of Scam Sportsbooks before you do so. It's hard enough to beat the odds; so, save yourself the bitter hassle of getting scammed by any of the books in this Danger Zone. The ‘sportsbooks' listed here have reportedly experienced problems ranging from Bonus-Ponzi schemes to financial collapse due to poor management. All of them have presented at least one of the following symptoms:
- They DO NOT have a license to operate an online casino or sportsbook,
- They have reportedly slow-paid customers
- They have had company problems
- They are being hosted in US territory
- They have failed to provide adequate customer support or
- They're simply scam operations disguised as ‘online sportsbooks'
- They are at best an unstable organization
Don't let these scam sportsbooks ride on your buck. Do not send money to the websites listed below and if you have already made a deposit with one of these sportsbooks and you just found out about this list, do request your funds to be sent back to you ASAP. |