Can someone provide insights how this works?
Thanx

So, here's how it goes down: You've got these organized crime families, right? They set up these gambling operations offshore, usually in places like Costa Rica. Why? Because over there, the rules are a bit more relaxed compared to places like New Jersey where gambling laws are strict.

So, say you're in New Jersey and you want to place a bet. You can do it either at a casino or online through these shady websites run by these groups. When you place your bet, all the details get sent electronically to their operation in Costa Rica.

Now, the actual money might not leave New Jersey right away. It's kept in accounts controlled by the families or their buddies. If you win, they calculate your payout based on the odds and send the winnings back to you, maybe through some back-and-forth to make it look legit.

But here's the thing: all this money moving around? It's not exactly legal lol. These guys are breaking gambling laws left and right, not to mention dodging taxes and laundering the cash to cover their tracks.

So, by operating offshore, they can make a ton of money without worrying too much about getting busted by the cops. It's like a loophole in the system that they're exploiting for profit, and it's pretty fucking shady shit, and lot of times they do get indicted.

Hope this clears it up my good friend Hollander

Here is some links to a ring busted in the DFW area in 2015. Allegedly used wire rooms in Costa Rica.

https://www.nbcdfw.com/news/local/i...collected-1-billion-in-one-year/1921488/

To go further down the rabbit hole the guy they think masterminded it is an Italian with connections to the believed to be defunct Civella/Marcello family. Or at least his dad or grandfather was close with Jack Ruby. He owns a few restaurants in the Dallas area. Take from it what you will.

https://www.nbcdfw.com/news/local/feds-investigate-owner-of-campisis-as-large-bookmaker/2078301/

https://www.dmagazine.com/publicati...billion-dollar-plano-gambling-ring-bust/

https://www.dallasobserver.com/news...s-betting-ring-in-dallas-history-7124611

Hollander, gambling is actually completely legal in certain countries like Costa Rica, Belize and a few others. In fact, they're more than happy to have businessmen from other countries apply for, and grant them, gambling licenses because it helps their country's infrastructure by also employing their nationals. They also collect the licensing fees and a steady annual tax revenue.

So, regardless of whether those individuals may be breaking laws in their own countries by accepting bets, countries like Costa Rica could care less because they aren't affected by it.

Thats the true process and reasoning involved.

Thanks guys ! Your answers makes it clearer.

From one of the articles above.

The investigation started after a separate 2012 probe which targeted 20 bookies linked to an illegal gambling operation that took in more than $5.4 billion from 2007 to 2011, according to the warrant

WOW

You'd be good at this H. Go for it

Malta is another option.

Malta is one of the largest and most respected regulated gambling markets in the world. The Malta Gambling Authority (MGA) issues licenses for a wide range of gambling activities including online casinos, sports betting, horse racing betting, and poker.

To obtain a Malta gaming license, an operator must meet strict requirements in terms of financial reliability, data security, player protection, and gaming fairness. MGAs also require operators to adhere to a strict risk control system, which aims to protect players from gambling problems.

The Malta gaming license is considered one of the most prestigious licenses in the gambling industry. It gives operators access to a huge market of players from Europe and other countries, increasing players’ confidence in the operator and its games.

You can open one or more licenses from the existing ones, depending on your needs: B2B (for game developers and software providers), B2C (for online casinos and other gambling operators). The validity period of each license is 10 years.