Originally Posted by
MeanPeopleSuck
Sportsbetting leases BOL's software, so it's an exact clone bet-wise, but BOL doesn't own Sportsbetting, which has a completely different ownership group. Heh, I know that sounds pedantic, but the distinction can be important because when the same ownership group owns multiple sites, sometimes they get very grouchy about people with accounts at more than one (for example, 5dimes / Vietbet / Betanysports / Sportbet.) But since Sportsbetting and BOL are differently owned, rock on.
On the keeping $10k in either book, that's absolutely nothing to sweat. BOL's a monster and Sing's well capitalized, so you've got nothing to worry about.
Oh, one other thing: BOL and Sing are both currently running a promo where you'll receive 20% of your cash balances in free plays when any major sport starts back up, provided only that you sign up and that you don't withdraw before then. If you haven't signed up yet, check with live chat, maybe you still can. Their free play rules are pretty crap these days, but if you're leaving the cash there anyway....
EDIT: FWIW, it's actually pretty easy to sidestep the tax implication problem for sportsbook withdrawals simply by withdrawing in cryptocurrency. Since crypto transactions and most wallets are completely anonymous the transaction can't be linked to your name unless you want to volunteer that information to the govt yourself, which you don't.
If you're new to crypto, pm me and I'd be happy to walk you through the basics. Good luck!