Is it a bad idea to keep a high balance on your bookie account?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • jankay
    SBR Hustler
    • 06-16-12
    • 64

    #1
    Is it a bad idea to keep a high balance on your bookie account?
    Would it be in my best interest to not keep my account's balance too high? Currently the balance on my account is over $10k and was wondering if I should withdraw a good amount from it. I worry that my bookie might try to make up excuses to confiscate my balance later on. Also, will withdrawing a large sum of cash give me unwanted attention from the bank or from the local tax office?
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    Depends on book
    Comment
    • Hu$tle
      SBR MVP
      • 03-31-15
      • 1365

      #3
      Always, no one to cry to if its gone one day
      Comment
      • jankay
        SBR Hustler
        • 06-16-12
        • 64

        #4
        Originally posted by jjgold
        Depends on book
        What about Bet365? I know they're a huge bookie and i can probably trust them but just in case.
        Comment
        • DrunkHorseplayer
          SBR Hall of Famer
          • 05-15-10
          • 7719

          #5
          If it's 10k because you've been winnng, it would be a good idea to withdraw half of it just to see how much crap they give you. If they don't pay you in a timely fashion, don't bet there anymore and keep demanding payment.
          Comment
          • Rich Boy
            SBR Hall of Famer
            • 02-01-09
            • 9714

            #6
            Always verify all documents BEFORE requesting a withdrawal, that way they cant give you the run around. If you are with Bet365 I wouldnt be worried, they will pay out but will also give you the boot if they deem you sharp. Ive had my Pinny balance over 20k and never felt worried. Honestly feels safer than a bank!
            Comment
            • DOM_Toretto
              Restricted User
              • 01-28-13
              • 9035

              #7
              For locals you should meet up and square up every week or at least every other week.
              Comment
              • jjgold
                SBR Aristocracy
                • 07-20-05
                • 388179

                #8
                bet365 ok as long as your verified
                Comment
                • mohye1980
                  Restricted User
                  • 01-25-14
                  • 2363

                  #9
                  Put the money in the bank. No way in hell any book is safer than putting it in the bank.
                  Comment
                  • jtoler
                    BARRELED IN @ SBR!
                    • 12-17-13
                    • 30967

                    #10
                    Let Tony sit on 37k before, make sure its a nice sized volume book that pays.
                    Comment
                    • NavsPicks
                      SBR MVP
                      • 10-16-12
                      • 3344

                      #11
                      My largest balances
                      Bet365 : 23k
                      Pinnacle 18k

                      Neither book gave me any troubles
                      Comment
                      Search
                      Collapse
                      SBR Contests
                      Collapse
                      Top-Rated US Sportsbooks
                      Collapse
                      Working...