Legal Sports Betting For Wyoming Residents
Legal sports betting for Wyoming residents isn’t hard to find. You just have to know what to look for. When it comes to betting on sports in Wyoming legally, residents need only log on to an online sportsbook from their computer or smartphone. Heck, even your tablet will work. Online, offshore sportsbooks are a legal form of sports betting in the state for a number of reasons, all of which we go over below. On this page, we answer any and all of your questions about legal Wyoming sports betting. From state laws to federal laws, from legal gambling ages to what you can bet on, everything you need to know is right here. We don’t call ourselves legal sports betting sites for nothing, either, as we also include recommendations for the best legal Wyoming sports betting sites available to residents throughout the state.
Is It Now Legal To Bet On Sports In Wyoming?
The repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA) does impact the legality of sports betting in Wyoming. While it was previously impossible for the state to license Wyoming sportsbooks, legislators now have the freedom to do so. State lawmakers will first need to legalize sports betting and set up the regulatory framework before local Wyoming sportsbooks can become a reality. It is also possible that the state will regulate online and mobile sports betting sites as well. The state has yet to announce if and when it will move forward with legalization. In the meantime, Wyoming sports bettors can still use trusted sports betting sites such as Bovada, BetOnline, and 5Dimes to bet on all of their favorite teams.
Yes, it is our belief that online sports betting is legal in Wyoming. This is because online sportsbooks accept American bettors, including Wyoming residents. When you use an online sports betting site, you are not violating any existing state law. When you use an online, offshore sportsbook, you’re also maintaining your rights under US federal laws. Ergo, online sports betting is legal in Wyoming.
Sports Betting Laws in Wyoming
The first step we took in writing this page was to take a good hard long look at the Wyoming penal code. When we did this, we found two things. One, that there are no laws that refer to or make mention of sports betting in the state. And Two, that there are no laws that prevent the use of the internet when gambling. These two findings are what back up our claim that online sports betting in Wyoming is legal. Without laws to prevent these actions, legal Wyoming sports betting can be conducted online.
The simple answer is no, you will not go to jail for online sports betting in Wyoming. How do I know this? It’s because when you bet on sports at online sportsbooks in this state, you’re not breaking any part of the penal code. And when you use an online, offshore sportsbook, you’re not breaking any federal laws, as they pertain only to domestic-based sports betting operations. Furthermore, these federal laws only target the person taking the bet, rather than the person placing it. For all of these reasons, legal Wyoming sports betting can continue at overseas, online sportsbooks without fear of legal repercussions.
Bovada is where we personally play the odds, and we can tell you that they have brought their users some of the highest paying odds of any gambling site. Bovada has a 100% to $250 match bonus, which will give you as much as you can afford to deposit. If you join up with Bovada, you can play the odds on major professional sports, minor sports, collegiate sports and more. Bovada uses Bitcoin, VISA and wire transfers for easy deposits. This makes them one of the highest paying locations for sports gambling. Just remember to adhere to the minimum gambling age of 21.
BetOnline is a new sportsbook, but this has not prevented them from rising to the top of the charts. A 50% match bonus awaits all new players, giving a bonus of $1,000 for all new players with bonus code BOL1000. If you decide to start playing with BetOnline, you will see that they come with a large number of options. This starts with the four major American sports - the NFL, NBA, MLB and NHL - but also soccer, fighting sports, auto sports and more. BetOnline accepts Bitcoin, VISA, wire transfers and checks for easy deposits. We have decided to start playing with BetOnline because they offer odds that are far beyond what other books offer.
Yes, federal laws do impact legal Wyoming sports betting. Federal laws are those that can override state legislation and must be enforced by all 50 states. The reason we recommend online, offshore sportsbooks for legal Wyoming sports betting is because of laws like the Wire Act which make it difficult to find US-based online sportsbooks.
Ever wonder why Wyoming residents can’t just log on to a Nevada-based sportsbook online? It’s because of the federal law, the Wire Act. The Wire Act prevents wagers from crossing state lines, by making it illegal for anyone to take a bet over a line of communication.
The Unlawful Internet Gambling Enforcement Act (UIGEA) is another federal sports betting law to become familiar with. This is more of a banking restriction than anything else. Federal Reserve Board and Department of the Treasury require that U.S. financial institutions have safeguards in place to prevent payments related to online gambling from being processed. Essentially, all the UIGEA does is occasionally make credit card deposits more difficult.
That being said, neither of these laws make it illegal to place a bet. So when you use an online, offshore sportsbook, you’re using a business that falls outside of the jurisdiction of either of these laws, making them a viable and legal Wyoming sports betting option for residents.
Most states in the US set their legal gambling ages to the same as the legal drinking age. This isn’t so in Wyoming. Legal sports betting can be done at the age of 18 and onwards. Online sports betting sites that accept Wyoming residents only require players to be 18 as well, so you can start playing as soon as you’re a legal adult.
When you think of a mobile sports betting site, you’re probably thinking of an app that severely limits what you can do. That’s not the case with the legal Wyoming sports betting sites we recommend. Their mobile sports betting sites are browser-based, so they don’t take up any room on your phone, they work with all operating systems, and best of all, they allow you to do everything you would on the computer. Wyoming residents on the go will love these mobile sports betting sites.
Are Online Sportsbooks Safe?
Yes, online sportsbooks are very safe, when you’re using one that is licensed and regulated by a gaming commission, like the ones we recommend on this page. Legal Wyoming sports betting can only be done at online, offshore sportsbooks, so to make sure you’re using one that is secure, check to see where they’re located, who they’re licensed by, and what security measures they’re using, like an SSL and other encryption technology.
What Is The Vig?
The vig, short for vigorish, is the cut that a sportsbook takes from any winning wager you have. This is sometimes called the juice, as well. Think of it as a commission, taken in order to pay the book for services rendered, in this case, placing your bet.
How Can I Read Odds?
When reading betting odds, it’s important to know that there are three different kinds. The first and most popular form of betting odds that you’ll find at a legal Wyoming sports betting sites is American odds. These are signified by a (+) or (-) sign, followed by a number. The (+) sign denotes what you stand to win based on $100 bet, and the (-) sign symbolizes what you have to stake to win $100. So when you see a team with +130, it means you will win $130 for every $100 bet you place. Conversely, a team with -130 odds means you have to bet $130 to win $100.
Fractional odds are also a popular form of betting odds at Legal Wyoming sports betting sites. When you read these odds, the numerator will always denote the payout, while the denominator will always show what you have to stake. So when you have a team with 4/1 odds, it means you will earn $4 for every $1 bet. Conversely, if a team has 1/3 odds, you would have to stake $3 to win $1.
Finally, there are Decimal odds, which are rare to see. To see what your payout will be, multiply the decimal odd by what you intend to wager, then subtract the wagered amount to find out the payout. Here’s an example. Say someone had 6.50 odds. If you’re betting $100, you would multiply 6.50 X 100 to get 650. Subtract the $100 wager from this, and you get your payout of $550.
Wyoming may not have any professional franchises to boast about, but they do have some of the biggest sports fans. The great thing about using an online, offshore sportsbook is that there is no need to limit yourself to betting on the locals. You can place wagers on teams based in Florida, California, or even London. Without any local restrictions, you simply have to bet on whichever team you think will make you the most money. Fans of Division 1 athletics can either bet on their home team, the University of Wyoming, or they can wager on whichever college they’d like. It’s all up to you.