Depending on the sport, an oddsmaker at a sportsbook will decide that he wants to open the first line. For a majority of the major American sports such as the NBA, NHL, and MLB, this still happens offshore. For college football, Circa | Sports sets the first weekly line every Sunday during football season.

BetUS is one of the oldest and most trusted offshore sportsbooks available in the US. In our BetUS review, we’re going to take a close look at why this well-established online betting site is so popular among US bettors.8 Mar 2024

It is illegal to place a bet with an online sportsbook that is not licensed by the state of Tennessee. Physical sportsbooks and kiosks are also not legal, nor is placing a bet with a person (i.e., a “bookie”).

BetUS offers the fastest and most secure payouts in the industry, we also offer several options to withdraw your funds. You can request payouts directly on our website or by contacting an account manager toll-free at 1-888-51 BETUS (23887).

Bottom line. Any winnings from a sports bet must be reported as income on your tax return. You can deduct gambling losses, but only if you itemize your deductions and they don’t add up to more than your winnings.Feb 12, 2024