How do YOU withdraw money from your sportsbook? which is best way to do it?

[yoo its flash]

so I wanted to see what your tips/suggestions are on depositing/withdrawing from your onlinesports book.

my online sports book says bankwire is the best way to withdraw. but im thinking we're in the us and its not "right" so wouldnt that be a problem? i think WU is the way to go. but i maybe worng?

[SecretStash]

bankwire is best for large sums.. if smaller or need money today/fast (under 1K) and cheap, go with western un or moneygram.. if 2kor less and u dont need it immediately - go with check (takes a bit sometimes).. or transfer it to other books if they offer that.

but imo trust the book. they usually know how to service their own clients and dont want denials either from banks..etc

-stash

[olgplayer]

Originally Posted by SecretStash

bankwire is best for large sums.. if smaller or need money today/fast (under 1K) and cheap, go with western un or moneygram.. if 2kor less and u dont need it immediately - go with check (takes a bit sometimes).. or transfer it to other books if they offer that.

but imo trust the book. they usually know how to service their own clients and dont want denials either from banks..etc

-stash

secretstash said it best. i used MG or WU if i need money the same day or next day, but if i was to take a big sum of money, it would be bankwire or fedex check

[yoo its flash]

Oh ok but shouldn't bank wire cause problem later on? As it might be like an income or somewhat? Have you had any problem with bankwire? You might end up paying tax. On it?

[cook county capper]

Originally Posted by yoo its flash

Oh ok but shouldn't bank wire cause problem later on? As it might be like an income or somewhat? Have you had any problem with bankwire? You might end up paying tax. On it?

How would they know it is income? They cannot assume or profile.

Also, you do not have to pay tax, nothing for the government to tax.

The only way you are going to get caught is by doing something, something really dumb.

1) Getting bank wires every week for large sums
2) Getting checks for more than $3,000, and doing this regularly
3) Buying things with large sums of cash (cars, boats, motorhomes, etc....)


It is like selling marijuana. You buy $2,000 of it, upsell it to $3,000.
You make $1,000. You deposit this into the bank.
It is all cash, but the government doesn't tax this.
But if you keep doing this, and once in a while take out large sums, a BIG RED FLAG will eventually pop up.
I advise people to save quarters if you are truly worried, you can have $25,000 in quarters at home and tell the authorities you've been saving quarters since you were born. Nothing they can do.

I use my bookie, western union, and ******** visa to put in money.
I use my bookie, moneygram, and fedex check to get out money.
Never had a problem in 12 years of doing this.

[patswin]

depends on the book and what it offers
i like to pay the least amt when withdrawing so if a shop has free checks i will do that or whatever is the least expensive

[yoo its flash]

thanks ccc, what you mean by saving quarters? i think i'll use bank wire next time. thanks

[tw burke]

i ask for check and it comes by fed-ex--then no problem depositing in my bank

[bt33]

Rarely took money out but when I did it was by wire transfer, thought it was the easiest way to go, I just set up a seperate bank account so then I didn't have to worry about any fraud.