Couple questions for USA based players

**Justin7** · 12-19-08, 11:16 AM

Kingfish,

Larger pro-players face more problems than they used to. Money movement is one big issue. You're pretty much limited to chump-change transfers if your bank is in the US. If you want to routinely do transfers of more than 10k, you really need to set up a bank account outside the U.S. Ideally, you want a business presence outside the US also - this allows you to bet at Pinnacle, and comply with gambling laws of that country instead of the US.

Here are books I'd have no reservations keeping $50k+:
Pinnacle (if you have international office)
TheGreek
Cris family (Bookmaker for US players)
WSEX
Matchbook (affiliated with WSEX)
Betfair (if you have international office)

There are others out there that are good, but these are just from my personal experience.

You also might want to hang out in Vegas and get linked with the "boy's club". That might open some other options as well.

**kingfish** · 12-19-08, 11:52 AM

Thanks! Good info.

Vegas now requires ID for bets over 1k so that killed the "runners".

I could set up biz offshore, but the issue of getting money back here remains.

Also, I believe wsex and some others are offering courier check, not wire but I could be wrong. Not sure it matters...

I guess my main concern (after getting paid) is, even if I collect small amounts I cannot really go into the bank with 5k checks all the time without reporting the income and I cannot really report offshore gaming income.

**Justin7** · 12-19-08, 12:19 PM

Originally posted by kingfish

Thanks! Good info.

Vegas now requires ID for bets over 1k so that killed the "runners".

I could set up biz offshore, but the issue of getting money back here remains.

Also, I believe wsex and some others are offering courier check, not wire but I could be wrong. Not sure it matters...

I guess my main concern (after getting paid) is, even if I collect small amounts I cannot really go into the bank with 5k checks all the time without reporting the income and I cannot really report offshore gaming income.

Most books in Vegas do NOT require IDs for bets over 1k. Harrahs properties do, but mainly just to harass people since they are incompetent and don't know how to manage action. MGM properties, Leroys and Hilton don't require this.

If you are doing this to make 100k+ a year, you MUST have international options if you want to use offshore. You can make a good living beating up the Vegas books, but throw in the offshores and it gets easy.

**Peep** · 12-19-08, 12:24 PM

Another thing you might want to consider is leaving as much offshore as you can. It is easier moving it from one book to another than moving it into the states and back out again.

Their is a Russian version of Paypal that I looked into a few years back that a few books were taking. I don't remember the name though, but they were well thought of and weren't bothered by USA snoops and/or large amounts of money.

**rookie** · 12-19-08, 12:29 PM

Russian version of paypal - Web Money ?

**Justin7** · 12-19-08, 12:34 PM

Webmoney. And there are rampant scams with it. Since your account is just like currency, it can disappear just like currency if someone gets your account info. Webmoney is very liquid, but you'd better have a computer dedicated to sports betting if you use it, and never stray from your known betting sites.

**kingfish** · 12-20-08, 04:13 PM

Yeah, any of the third party billers are out of the question with these amounts.

I am looking into setting up corp offshore. I have no issues paying taxes on winnings, just rather report the income from a business not illegal gaming

Thanks for the help and the warm welcome. As someone who has profited well into 6 figures for years at this, I am hoping I can add some insight to the "think tank" area as well.

(I am sure it's been discussed but these little books seem to wildly inflate the favorite which can be quite advantageous. Unfortunately, not a great option for dime players)

**thespeculator** · 12-21-08, 05:46 PM

i don't doubt what you are saying kingfish, but some guys will come in and call you liar about winning, don't let that stop you from sharing infor about your transactions , i am sure lots of people would find it informative

**kingfish** · 12-21-08, 06:15 PM

heh, thanks for the heads up but I am not really looking for people to believe me. They do not even know who I am - just legitimate answers are great.

The first week back to offshore wagering and I already made a mistake by using Betus (before I came to this site). Now up around 7.5k and wondering if I have been playing with fake money there (no payment coming). I deposited $500 into bookmaker but of course lost that play so the week's earnings are with betus....

I will be using the trusted books now and spreading the risk. That much I will tell you.

I will let everyone know if betus pays.

**pacattack81** · 12-23-08, 08:58 PM

Originally posted by kingfish

heh, thanks for the heads up but I am not really looking for people to believe me. They do not even know who I am - just legitimate answers are great.

The first week back to offshore wagering and I already made a mistake by using Betus (before I came to this site). Now up around 7.5k and wondering if I have been playing with fake money there (no payment coming). I deposited $500 into bookmaker but of course lost that play so the week's earnings are with betus....

I will be using the trusted books now and spreading the risk. That much I will tell you.

I will let everyone know if betus pays.

betus will pay eventually...they're just really slow sometimes...you might also have to fax your id's 2 or 3 times

**kingfish** · 12-23-08, 09:09 PM

i requested a payout of $2750 (under 3k) and it has been in pending approval status for a few days. I'll call next week.

**bigboydan** · 12-23-08, 09:25 PM

Keep us posted sir.

**applepicks** · 12-23-08, 09:47 PM

Take a vacation to Costa Rica. Bring a 20k cashiers check. Now that you have bankroll, make 3 other planned visits during the year and set up visits to your bookmaker and request that you recieve a cashiers check in return.
Curacao is also a nice place to visit with some books available to do the above process.
High end players were the one's that were really hampered when the law was changed and Neteller was taken away from US players. Now you have to get creative when transferring large amounts of money.

**Organized Rhyme** · 12-23-08, 10:22 PM

Just a Betus fyi. I have requested two checks for $3k in the last month, and both of them were at my door within 10 days. One came thru Fedex and the other regular mail in a plain, white envelope.

**trixtrix** · 12-23-08, 10:33 PM

Originally posted by applepicks

Take a vacation to Costa Rica. Bring a 20k cashiers check. Now that you have bankroll, make 3 other planned visits during the year and set up visits to your bookmaker and request that you recieve a cashiers check in return.
Curacao is also a nice place to visit with some books available to do the above process.
High end players were the one's that were really hampered when the law was changed and Neteller was taken away from US players. Now you have to get creative when transferring large amounts of money.

curious: does this work? i've been taking frequent vacations to costa rica and dominican republic recently, never realized i can bring a cashier check w/ me and deposit in person...

from what i understand, the sportsbook operations in cr disallow walk-ins, and is under heavy armoury and locks w/ guards armed to the teeth. is this walk-in deposit option really viable? i certainly don't mind bringing a bit extra w/ me next time i fly taca international..

**durito** · 12-23-08, 10:48 PM

no, you cannot generally deposit or withdrawal in person

**applepicks** · 12-23-08, 11:22 PM

Originally posted by durito

no, you cannot generally deposit or withdrawal in person

I don't know any high end players that have been denied this request, but yes, generally recreational bettors are not welcomed. I've seen many cashiers checks passed in person in CR in the last 6 years. Remember a very unregulated industry that depends heavily on credit.

**durito** · 12-24-08, 12:07 AM

Originally posted by applepicks

I don't know any high end players that have been denied this request, but yes, generally recreational bettors are not welcomed. I've seen many cashiers checks passed in person in CR in the last 6 years. Remember a very unregulated industry that depends heavily on credit.

I've never heard of such a request being granted. Perhaps you can assist me with it. I can be in San Jose at any time.

What on earth is the purpose of hand delivering a cashiers check when you can fedex it?