Originally Posted by Mimosine
i've looked into it, and it seems that the main problem is the money thing.... netteller is off limits, credit cards are off limits, so is online gambling impossible for US residents?
That's the main problem all right.
The US gov't does not want a US citizen to gamble on the internet. That's the spirit of the law, I think.
A casino is considered a "financial institution" under Title 31 even though it is not a bank.
I'm not sure where Western Union may fit in under the current law. If you get a check drawn on a Canadian Bank, the US bank that you deposit that check to is not legally allowed to process it, if they know it's from gambling. I had 6 month holds placed on foreign-drawn checks by my local bank. I'm still out $2700 from a reputable casino. And $5500 from another. That was wagered ane earned before the law was passed. That law took me by complete surprise. Suddenly at 3 AM pop-up windows from everywhwere saying I can't play. I saw Neteller coming and cleared that out ahead of time. So, what the heck, I took a little hit at the end. Alot of it was profit anyway, not my buy-in.
If you don't get paid, you may as well try to sue your local bookie for not paying you. You'll have no recourse.
Paypal was gone 100 years ago after the NY Attorney Genl sued them and Ebay bought it, long before the current law was passed.
You find a good +EV deal to make it worth the risk to you, on the face of it with your $200, research the terms of the deal and the casino etc and are willing to take the added risk of being paid, go for it. Worst case, you win and never get paid and lose $200.
A few months back I had a sewries of phone calls with a deal, on the face of it, +EV over $1000. Some new "marketing plan". After 4 askings for a phone number I could call them back on, I finally got one. They actually answered. All they needed was my $750 payable to "Joe Blow" in Venezuela or something. I actually thought about it. Ballless as I am, I don't have the $1K but I still have the $750 lol.