so bookmaker's fees for withdrawing money is OUTRAGEOUS!

[ipickwinners]

cost $600 to take out $20k???

i think i need to find a new book after i get my money out of here?

or is this the normal fee throughout the industry?

[Justin7]

Book to book is cheaper.

"Normal" for the industry? Cashing out 20k from most books is like finding volunteers for exploratory dental surgery. Huge pain in the ass. They have steep fees. You get your money as clockwork as smaller books paying $600 payouts.

[ipickwinners]

do u have any suggestions as to the best way to take out 20k without having to pay $600?

[Justin7]

Send 10k to another book. It will cost you only 200.

If you're a smaller player, you should look closely at 5dimes if you are still welcome there.

[ipickwinners]

i have a feeling its going to take me 3 months to get all my money

[stuntin909]

look at it this way. better to pay those 600 now then to lose more by keeping that money in the account lol

[hels]

betdaq/betfair

[Bdolan33]

What about the monthly free withdrawl?

[Powderguy]

Free withdrawl, they have those like the guy above me said, don't they?

[ipickwinners]

the once a month free payout does not apply to the the wire for amounts above 5k

this sucks

[jjgold]

Average European and Aussie books might charge $5 for a $20,000 transfer..international then maybe like $50

[potsie]

I transfer 10,001 to another book. Remember that your bank will file with the IRS when you get a wire in excess of 10K. Another option may be taking small chunks out via DC. Congrats on the win!

[HedgeHog]

Send 10k to another book. It will cost you only 200.

If you're a smaller player, you should look closely at 5dimes if you are still welcome there.

"Only" $200. Most Books that do B2B, charge nothing. Regardless, and more importantly, this new book will likely require a 1-2x rollover on the 10k. Depending on the player, this could take some time and cost hundreds more in juice lost on "forced" action. Not sure this is the best route for most IMO.

[Justin7]

Remember that your bank will file with the IRS when you get a wire in excess of 10K. Another option may be taking small chunks out via DC. Congrats on the win!

I don't think bankwires trigger a CTR. Only cash transactions.

[Big_Slim]

IMO....$600 for 20k is a small price to pay for a large amount!....I would also NOT recommend you having 20k wired to your bank because they WILL notify the IRS for anything over 10k coming into your account....so at the end of the year you're gonna owe taxes on the 20k in addition to the $600 that Bookmaker charged you.

Do your homework and see which book has the lowest fees with the fastest payouts and transfer small chunks (3-5k) to that book then cash out at that book.

[Big_Slim]

I don't think bankwires trigger a CTR. Only cash transactions.

I'm not 100% sure about this but its better to be safe than sorry!....In this environment you gotta believe everybody is watching especially when it comes to getting cash in that amount!

[relaaxx]

and that's what makes bookmaker suck - 600 is outragous - all the payout options are too high - transfer money for 200 but then you will have to roll the amount transferred over at new book. and it's 200 for small amounts to be transferred also - bad lines--high fees=why play there, because they pay, so what, other books pay without making a fortune in fees. again, they suck.

[Sam Odom]

A+ Book
Must have OUT

[Mr. Teaser]

double post

[Mr. Teaser]

I don't think bankwires trigger a CTR. Only cash transactions.

I don't think they do.

[Smoke]

$600 fee for 20K is pretty fair

[Sam Odom]

$600 fee for 20K is pretty fair

if most were asked to pay 15.00 for a 500.00 w/d they would say 'fine'

[chilidog]

I transfer 10,001 to another book. Remember that your bank will file with the IRS when you get a wire in excess of 10K.

I don't think bankwires trigger a CTR. Only cash transactions.

All bank wires are logged. Every last one of them. Cash transactions of $3,000 and up are reported.

[HedgeHog]

if most were asked to pay 15.00 for a 500.00 w/d they would say 'fine'

If it costs the same to wire $500 and $20,000, do you think it's ok for the Book to gouge 40x the fee on the larger amount? Most of us don't.

[Sam Odom]

Most of us don't.

I understand... I also understand the need to use Bookmaker as an offshore out

Otherwise , move to Vegas

[byronbb]

I applaud anyone who can beat bookmakers lines AND the 3% vig on withdraws.

[Sam Odom]

many times a week the best baseball dog is at BM (Americans)

[LordVodka]

Just pay it and accept it as part of doing business. I don't like bookmaker because of their juice but $600 to take out $20k sounds fine.

[erickvivar]

Are you serious? only $600 for 20k? geesh, 1k for 20k will still be fine. Take it and stop complaining.

[ipickwinners]

Are you serious? only $600 for 20k? geesh, 1k for 20k will still be fine. Take it and stop complaining.

u know i wasnt just handed 20k....i earned that money starting with 1k....it took a lot of work to build it up to where i had it. i want every last dime of it to go into my pocket, not the books

[ipickwinners]

by the way, i only took out 15k because i wanted some money to play the finals.

am i really going to have to pay taxes on that? my bank will notify the IRS? i need someone to answer this question who knows what they r talking about....JJgold??

JJ PM me pal please

[YorkHunt]

If you made 20k 600 is change. Unless your in Canada or overseas I would just do a wire for maybe 4k. ** the next week for 2500 and the following another wire for 4k. youll have your money in a month but safe from IRS hounding you

[YorkHunt]

Dude if you get more than 9900 from overseas wires especially if your at a smaller bank, of course they notify the IRS.

[ipickwinners]

so whats the IRS gonna do at the end of the year? audit me?

[ipickwinners]

am i gonna get in trouble with the IRS?