To place a bet on sports is an age-old tradition in some circles. Betting on sports online? Not so much. The relatively new form of online gambling has only fairly recently come into fruition, bolstered by several offshore operations in Costa Rica, Panama and other countries around the globe. It’s a lucrative business, but many international betting sites have opted out of given the legality of online sports betting in the United States.  In 2011, the U.S. Fifth Circuit Court of Appeals ruled that the Interstate Wire Act of 1961 solely prohibited wager transmissions in conjunction with sports betting, excluding…