Most sports betting websites are geo-locked, and you will not be able to access them from certain countries; for example, you cannot bet on UK sites when you are in Hungary. As a traveler, you get frustrated and look for a way to bet when abroad or think of ways to bet on foreign markets.
You will find information on different sites trying to advise you on how to sneak into the geo-locked territories to place your bet; they will not specify the troubles that follow once you try. The sites will tell you with VPN encryption, you can bet without struggle, missing out that not all VPNs are compatible with betting, fantasy sports, and gambling sites.
Save yourself the trouble and bet within Hungary, where you will have an excellent betting experience. Check out OnlineSportfogadás and get competitive odds from the best bookies. I have dug out why you shouldn't bet on foreign bookies.
Don't Bet on foreign Bookies
You will find different territories have different attitudes toward gambling; some warmly allow it, while in some countries, it is taboo. For example, UAE opposes betting, so you will not be able to log in to gambling and betting sites. Bookies have to get a license to meet gambling law regulations in other jurisdictions. It might be too much for an operator, especially when they have different markets with flexible terms.
Let's get down and look at why it wouldn't be advisable to bet abroad.
Different tax variations
Note that betting on a foreign site could be challenging because of licensing and different tax laws. For example, before betting on UK sites, you should know tax applies to all licensed operators. Depending on the country, the punter may pay the tax directly from their winnings, and for others, the betting site pays on your behalf.
The different tax applies in countries like Germany where licensing is required. A 5% deduction is made from your stake and winning. The rule applies to all German residents, punters, and anyone betting in German territory. If your bookie allows you to access your account in Germany, you will be disappointed when your winnings get deducted 5%.
Another pressing issue is the currency; you will have to use its local currency if you are betting on an offshore site. Unless you have an e-wallet using your bank account, you will be liable for currency exchange fees. And if you are an expat currently in that country, you need to have a local bank account with local currency.
Regulated and Unregulated Markets
Most countries don't have rules for betting online, which makes them unregulated markets, while other countries have regulations, but their operators do not require licenses in regulated markets. There is also an illegal market where betting and online gambling is highly prohibited.
You may think that your bet will stand because you can access and login in abroad betting site, but that's not the case. Where you are betting from really matters; if you are betting in an illegal market, you may lose your bet and account or have trouble with authorities where you can part with a hefty fine or worse.
Betting abroad is riskier since your bets may get avoided and your account suspended. Why knowingly register an account that could fortify your winning? It is advisable to bet local bookies where you know it's safe and the chances of your bet getting voided are minimal.
Difficulty in Matching Bets
When betting from a foreign market, you will experience less money than your local sites due to difficulty in matching bets. Your local bookie may have odds for less popular sports like fencing or a few longshots. The foreign site may not have odds that you are not satisfied with your local market and have a wider variety of local and international sports you can choose from every time.
If there is a dispute, an offshore operator will not protect you as a foreigner, and you will be at the risk of losing your stake or winning. So, whenever you think of betting or gambling abroad, expect the risk of betting in other jurisdictions.
Is it Worth Betting Abroad?
Most betting sites are geo-locked and are restricted to residents, although you will find many bettors willing to bet on foreign markets. There are few options like betting shops or land-based casinos. Most punters will bet using VPN, which contravenes terms and online betting sites.
You will find some sites that will accept clients from anywhere without thorough checking, but you should know it's unsafe, and mostly the sites are linked with criminal activity. So, if you dare bet abroad, make sure the site you are betting from is legitimately operating in that country.
When opening an account, you have to give out your address and bank information, and if you are a foreigner, you might have difficulties registering with the foreign bookmaker, so you will not be able to place your bets.
How Safe is VPN?
You might have heard that using a VPN (virtual private network) is a success when betting in foreign markets. Note that it is illegal since the foreign bookie doesn't know where you are. So, when using the VPN, you disguise your whereabouts and change the location of your server to fool your bookie you are in their country to access the site.
Although it's highly effective, you will be breaching the terms and conditions you agreed with your bookmaker. If found, you will take full responsibility for your actions; the account will shut down, and a revoke of your winnings may not be enough.
Instead of getting in trouble, why not use the local bookies to place your bet? If traveling, place your wager before leaving to avoid all the risks of betting from another jurisdiction. Betting offshore comes with its troubles, including account closure, void bets, and having problems with authorities.
On the other hand, local bookies have much to offer, like using the same currency, wider varieties of odds, and safety. It is self-explanatory that betting on local sites is way better than betting abroad, but the choice is yours to make.