Have Won Over 100K Since November

Question

I used to be a small bettor. Would have anywhere from $200-$1000 max in my account. Had about $500 in my account in November, and have won over 100K since.

Have slowly been cashing out about 3-5K a week via Bitcoin and transferring them to my bank account.

I'm worried that this activity could look suspicious on my bank account with me receiving so much recent money from Coinbase.

Am I fine, or is it something I should worry about, and maybe slow down with making deposits for a while?

ACs_Picks · Answer

I used to be a small bettor. Would have anywhere from $200-$1000 max in my account. Had about $500 in my account in November, and have won over 100K since.

Have slowly been cashing out about 3-5K a week via Bitcoin and transferring them to my bank account.

I'm worried that this activity could look suspicious on my bank account with me receiving so much recent money from Coinbase.

Am I fine, or is it something I should worry about, and maybe slow down with making deposits for a while?

LeagueCapper · Answer

Depends, if your planning on reporting your winnings and paying taxes on it, then there is nothing to worry about as you can deposit as much as you like.

GIANFRANCO1114 · Answer

should not be getting payouts from sportsbooks to coinbase ... they will shut you down QUICK

always use a separate wallet like blockchain.

learned the hard way after coinbase shut down my account.

should transfer from sportsbook to blockchain then blockchain to coinbase (i use circle now) then from coinbase / circle to bank account

ACs_Picks · Answer

I&#x27;m definitely planning on paying taxes on it.  Just wondering how shady it looks depositing thousands of dollars worth of Bitcoins in my bank account every week.  I guess that doesn&#x27;t mean they can tell it&#x27;s gambling money, but it could look shady.

ACs_Picks · Answer

Yup, that&#x27;s what I do!.  The first couple times I deposited straight to Coinbase from the Sportsbooks I use, but changed that up quickly, and started using Blockchain.

Redwing51 · Answer

What book do you use? Do you bet normal with them. How have they not limited you yet?

Do you use a different blockchain wallets to bring money into coinbase?

Im hearing problems with 5dimes, nothing bad from pinnacle yet.

Have Won Over 100K Since November

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