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Aside from being unable to play in certain states and having to fill out a tax form, opening an online horse betting account at TwinSpires as one other major drawback: You will need to provide your social security number to them. BetUS is an attractive alternative offering a generous welcome bonus and WILL NOT ask for your social security number. They don't report your winnings either.
This is NOT the case with online racebooks operating outside the US, including Gambling911.com-endorsed Bookmaker….. Again, you do not have to provide your social security number to BetUS.
TwinSpires reports your winnings, which will result in 25 percent withheld and upwards of 10 percent more depending on the state you reside in.
This is one of the most significant drawbacks of placing bets at US-based online gambling websites.
“The key is to find online gambling firms that have impeccable reputations and preferably a few years in business,” notes Gambling911.com Senior Editor Payton O’Brien. “Bookmaker is endorsed by Gambling911.com and has been in business now going on over 30 years now.”
You should know the dangers of someone obtaining your social security number – think identity theft and how this can ruin your life.
Churchill Downs, which owns the TwinSpires website, is no stranger to security breaches.
In September of 2012, the TwinSpires website was hacked just weeks before the Breeders Cup.
The company said at the time an intrusion into the computer records of TwinSpires.com occurred, exposing customers information, and that an investigation was immediately launched.
At least when these things happen at say Target, the hackers just get your credit card information. Sounds terrible for sure but at least they are not getting your social security number.
At TwinSpires.com they can.
BetUS does accept players from around the world.
- Ean Lamb, Gambling911.com
