BET DSI Payouts

Triumph · 10-15-12, 09:51 AM

Their checks always arrive on time with tracking #s, great option if you want more than $2500.

tto827 · 10-15-12, 05:08 PM

Won't say the method since supposedly books don't want US players saying method of payment. But I just made a withdrawal over the phone and they said money should be available in 3-4 days, I will let you know if that is the case.

One question of my own, do US banks care if you cash a check for thousands from whatever processor DSI pays out of, I pay taxes on my winnings, I just don't wanna get stuck talking to managers at the bank explaining where it came from.

Triumph · 10-16-12, 04:13 PM

DSI is the book were I have the least worry about being paid

mtneer1212 · 10-16-12, 06:42 PM

Originally posted by tto827

Won't say the method since supposedly books don't want US players saying method of payment. But I just made a withdrawal over the phone and they said money should be available in 3-4 days, I will let you know if that is the case.

One question of my own, do US banks care if you cash a check for thousands from whatever processor DSI pays out of, I pay taxes on my winnings, I just don't wanna get stuck talking to managers at the bank explaining where it came from.

Deposit the check at the ATM. Easy Peazy, Japaneesey.

slambam · 10-16-12, 10:47 PM

Originally posted by tto827

Won't say the method since supposedly books don't want US players saying method of payment. But I just made a withdrawal over the phone and they said money should be available in 3-4 days, I will let you know if that is the case.

One question of my own, do US banks care if you cash a check for thousands from whatever processor DSI pays out of, I pay taxes on my winnings, I just don't wanna get stuck talking to managers at the bank explaining where it came from.

I work at a financial, they don't give a shit about taxes or where it's from, just wanna make sure it'll clear. I'm sure they never (or extremely rarely) get checks from that processor presented to them, so they wouldn't know. And it doesn't matter if it's a cashiers check or what, theres a lot of low life scammers out there.

tto827 · 10-16-12, 10:55 PM

Thanks for responses guys, I'll go with checks in the future for larger withdrawals. Glad to hear I don't have to be too worried.

tto827 · 10-19-12, 08:36 PM

Originally posted by nbpayton

I'm a new client at BET dsi. Can someone advise how long payout normally takes and best option to request.

I got my money in three days, anyway works I have learned.

Gradius · 10-23-12, 02:56 PM

Originally posted by slambam

I work at a financial, they don't give a shit about taxes or where it's from, just wanna make sure it'll clear. I'm sure they never (or extremely rarely) get checks from that processor presented to them, so they wouldn't know. And it doesn't matter if it's a cashiers check or what, theres a lot of low life scammers out there.

So as long as the check clears, then the banks don't really care where you got it from? What about making deposits from a bank to a sportsbook, do the banks hassle you for that?

tto827 · 10-23-12, 07:52 PM

Originally posted by Gradius

So as long as the check clears, then the banks don't really care where you got it from? What about making deposits from a bank to a sportsbook, do the banks hassle you for that?

Not really, first win then worry about these things. You will be able to get your money out. And your bank may charge some fees for transferring money out, but that is why you should just do it via DC, as opposed to wire.

slambam · 10-23-12, 09:40 PM

Originally posted by Gradius

So as long as the check clears, then the banks don't really care where you got it from? What about making deposits from a bank to a sportsbook, do the banks hassle you for that?

Financials aren't required to report much. They're required to report CASH transactions of over $10,000 (Currency Transaction Report), and any activity which may seem fishy (Suspicious Activity Report). The SAR is really only filed if somebody is constantly depositing and withdrawing a large amount. Really, it's to catch people who are doing suspicious things where they may be trying to hide their trail (ex. depositing cash, then sending a large wire transfer, coming back with a large check days later and getting money orders for them, etc.). I don't work directly with tellers, but unless you're being stupid with your payout and bringing up red flags, they're not even going to pay any attention to it. I don't think these forms are even meant to prevent tax evasion - mainly for money laundering, big money drug dealing, funding terrorism, etc.

Technically I don't believe financials are supposed to allow you to deposit into on-line gambling accounts. I'm not completely familiar with it, but there's a federal "Unlawful Internet Gambling Enforcement Act" which I believe details the limitations. It's mainly focused on businesses, but I think there are other provisions also. I think websites have used different ways to get around this, so financials can't really tell what type of website the funds are being deposited into. Example is if you use a CC to deposit, your statement wont say "BETDSI.com", it'll say something completely different.