Navigant Consulting Inc. is an independent firm engaged by the NETeller staff to provide financial consulting and accounting services to the NETeller Plc. Group. The firm will supervise the process of returning the funds to the original account holders.

The agenda of the preliminary discussions was managing an orderly return of funds to US customers (the amount of funds seized was around $55 million). As the result of the signed agreements, the NETeller Plc. Group “anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers”.

It’s worth to be mentioned however that the seized NETeller accounts have been temporarily de-certified to revoke Peer-to-Peer capabilities. As a NETeller representative states, “these accounts should be automatically re-certified in the next few weeks”.

Unfortunately it has not been discussed yet how funds will be distributed to US customers. It will take 75 days before they work out the best way to manage the things.

Now he would like to withdraw the money or at least spend it on something – if not gambling then buying something online… However he got the following response from the NETeller staff:

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Dear …….,

Unfortunately at this time Neteller is unable to accept any online merchants transactions based out of the USA.

I do apologize for any inconvenience that this may cause.

If you have any further questions please don’t hesitate to contact us at anytime.

Regards,

………………..

Account Manager

Merchant Business Development

NETELLER

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There are always offended ones when politics involved. The government claims to protect their citizens but in fact they chase for their interests first of all…

US bettors having two reasons to take offense

1. First, US bettors can no longer shop for the best betting lines on the internet. In case you have some idea of the betting lines difference, you will understand what I mean here. Some online sportsbooks offer -105 betting lines and the bettors are happy to save money with this kind of proposition!
2. Second thing that makes US citizens crazy about is the fact that their NETeller accounts have been blocked permanently. No matter what the initial reason of creating the NETeller account was – either betting purposes or anything other – all accounts got blocked and most users had no way to return the money.

Offshore betting site owners mourning over the lost earnings

The owners of the offshore betting sites are now mourning over the lost US marketshare. These are now facing the UK market. Which is quite different and not open after all. It is flooded with UK-based sportsbooks, plus the new governmental plan on building several mega casinos in Manchester and other cities makes it impossible to bite a large piece off the gambling pie.

What about the other countries? Australia is a good country to target – Australians love supporting their sports teams and they are ready to risk money on it. Most gambling activities online are prohibited there still there are exceptions form the rule. Online betting is allowed with one exception – you cannot offer live betting to the Australians.

The other countries with powerful economics might be of interest too, however they do not represent a large share in the gambling pie, so there is no wonder that the betting site owners are in despair.

We call them “wiseguys”. They are often referred to as “pro handicappers” – they sometimes offer “handicapper picks”, not always free of charge… Why not? They love sports betting and treat it as their job. They make research daily, as they have to be in the course of events, always. They study the injury stats and track the history of any event… Whew, this takes time and some brains…

Anyway, no matter what your aim is, if you are a sports lover and want to share your knowledge or discuss smb’s knowledge or experience in sports betting – BE WELCOME TO MY BLOG!