Football (Soccer): Football is a popular sport with a lot of betting opportunities. The rules are relatively simple to understand, and there are a variety of different bets that you can place. Tennis: Tennis is a great sport for beginners because there are only two outcomes: the winner and the loser.

Topline. Texas furniture kingpin Jim McIngvale better known as Mattress Mack  won $75 million on Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what is believed to be the largest payout in legal sports betting history.

These sites are not regulated by Florida or U.S. laws, and they only have to abide by the local regulations in their jurisdictions. There is no specific law in Florida prohibiting you from gambling online by using one of these offshore sites, which will accept Florida residents. You are free to do that.

While federal law is abundantly clear on the illegality of such operations, these books and even the media, often claim it is not illegal for the consumer to use offshore sites. While it is true that no federal law targets bettors using offshore books, many states have laws that make using these books illegal.