BetOnline began taking wagers online as BestLineSports in Costa Rica in 2001 using a bookmaking model that involved discounted line pricing at -108. BestLine moved to Panama in July of 2004 becoming one of two online sportsbooks occupying the country. BLS began expanding its business and by 2006 had moved into one of the industry’s top facilities where it employed over 300 Panamanian citizens. The company made what was likely its best investment by purchasing BetOnline Sportsbook, and more importantly, its website name BetOnline.


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