Pro bettors at Pinnacle, are you confortable with big deposits?

[Optional]

Asking for source of wealth is an invasion of privacy. I hate when exchanges do it.

I agree that a bookmaker is not the right place to delegate that collection power to.

But I havent thought of a good alternative.

Central system that issues an anonymous ID the bookmaker gets is the most obvious thing. But that opens up a whole new can of worms of oversight.

[raiders72001]

If you are a new customer and are going to deposit that much there, make sure you know you have sufficient proof of the Source of Funds, and Source of Wealth in case they ask.

And chances are they will for that amount.

Asking for source of wealth is an invasion of privacy. I hate when exchanges do it.

[Brandley]

Please don't, I have 20K in their site and haven't been able to withdraw for 8 months.

Their verification process is absurd, it's easier to file taxes than getting through their "source of fund" thing.

[gamblehappier]

I do not think that you will have problem with Pinnacle.My limit will be 30-40k balance there.

[Optional]

If my wealth comes from winnings at other bookies do they make problems?

That is very difficult to justify for many people who try it.

And even if you can supply sufficient evidence to convince them winnings is Source of Income, they will still need to ask for the original Source of Funds.


I certainly would not want to risk depositing a 6 or 7 figure amount without being 100% sure I could pass the tests.

Doing a series of large 5 figure deposits should be enough to trigger the same checks.

I'd do that until they do the checks and you get approved before risking the big money personally.


Pinnacle will not steal your money, but they are now doing full and complete KYC checks.


and BTW, on the form they send you to fill in, there is a list of possible options to choose as source of income. And gambling is not one of them.

[Alfie White]

If you can prove it, not a single legit book can/will dispute that. When I say that, stay away from dodgy sites that have little to no reputation.

[randomuser]

If my wealth comes from winnings at other bookies do they make problems?

[solring]

Yes.

[xKMACKx]

Your money will be safe. Like Optional said, just be prepared to provide proof of income for that amount.

[Krashman]

You need to roll it 3 times before you can withdraw without fees, and if you already have a balance and deposit large on top of that, and don't get it all in play, they consider it an unnecessary deposit.

[Optional]

Pro bettors at Pinnacle, are you confortable with big deposits? i mean 6 or even 7 digits.

If you are a new customer and are going to deposit that much there, make sure you know you have sufficient proof of the Source of Funds, and Source of Wealth in case they ask.

And chances are they will for that amount.

[grey area]

3 k is most I ever put on there... Of the 4 books I currently use Pinnacle only one that has not limited me to lower stakes.
2 of the others have in first week of use William hill and 365

[randomuser]

Pro bettors at Pinnacle, are you confortable with big deposits? i mean 6 or even 7 digits.