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    All Forums | Gaming Industry - US

    withdrawal options with out a paper trail

    dl36
    CountCrisco
    NCarts
    esplanade
    kdawgy
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    Search
    Views: 1818
    Posts: 10
     
    dl36
    dl36
    Banned
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    Joined: Jul, 2003
    Posts: 27850
    Posted: Nov. 19, 2014 - 7:09 PM ET #1

    My story is that I have not made a deposit or withdrawal since 2005...

    I made deposits into pinnacle and bodog back then but after the laws changed I thought it best not to send money back and forth including deposits...

    As many experienced people know...

     bodog became bovada...

    I also got dumped from pinnacle to betjamaica...

    then bet jamaica dumped me to herritage...



    And I have been playing off of winnings ever since...  

    My accounts are beginning to get to a point where I would like to take out come of my winnings over the years... I would hate to lose access to the money if a site went down or some other issue...

    I am thinking 5k from bovada and 2.5k from herritage....


    But I would like there to be no record of the transaction associated with me personally...  My friend in banking advised nothing involving a check in my name and cashing it at a bank...

    So im looking for some help as to the best way to do this...  my amounts are not too high (10k+) so I am thinking this is reasonable...


    Can anyone tell me the best way to do this specifically from my two offshore books (bovada and herritagesports)?
    Reply
    To remove first post, remove entire topic.
    My story is that I have not made a deposit or withdrawal since 2005...

    I made deposits into pinnacle and bodog back then but after the laws changed I thought it best not to send money back and forth including deposits...

    As many experienced people know...

     bodog became bovada...

    I also got dumped from pinnacle to betjamaica...

    then bet jamaica dumped me to herritage...



    And I have been playing off of winnings ever since...  

    My accounts are beginning to get to a point where I would like to take out come of my winnings over the years... I would hate to lose access to the money if a site went down or some other issue...

    I am thinking 5k from bovada and 2.5k from herritage....


    But I would like there to be no record of the transaction associated with me personally...  My friend in banking advised nothing involving a check in my name and cashing it at a bank...

    So im looking for some help as to the best way to do this...  my amounts are not too high (10k+) so I am thinking this is reasonable...


    Can anyone tell me the best way to do this specifically from my two offshore books (bovada and herritagesports)?
     
    CountCrisco
    CountCrisco
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    Joined: May, 2014
    Posts: 1564
    Posted: Nov. 20, 2014 - 1:24 PM ET #2

    The best way is through a bitcoin withdrawal with Heritage. You have to make a deposit through bitcoin though before you can withdrawal through bitcoin. I heard their new bitcoin deposits/payouts are seamless. 
    Reply
    The best way is through a bitcoin withdrawal with Heritage. You have to make a deposit through bitcoin though before you can withdrawal through bitcoin. I heard their new bitcoin deposits/payouts are seamless. 
     
    dl36
    dl36
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    Posts: 27850
    Posted: Nov. 20, 2014 - 4:56 PM ET #3

    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?
    Reply
    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?
     
    NCarts
    NCarts
    Prospect
    Participation Meter
    Joined: Nov, 2014
    Posts: 19
    Posted: Nov. 20, 2014 - 6:27 PM ET #4

    Bovada offers 1 free hard paper check per month. I honestly think its your best bet. Financial institutions shouldn't hassle you much over it since its well under 10k. I don't know what kind of advice your "banking friend" is giving you. 
    Reply
    Bovada offers 1 free hard paper check per month. I honestly think its your best bet. Financial institutions shouldn't hassle you much over it since its well under 10k. I don't know what kind of advice your "banking friend" is giving you. 
     
    CountCrisco
    CountCrisco
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    Joined: May, 2014
    Posts: 1564
    Posted: Nov. 20, 2014 - 9:59 PM ET #5

    Quote Originally Posted by dl36:

    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?

    There are some bitcoin wallets like blockchain that don't ask for your name or info. All you need is an email. If you set up multiple bitcoin wallets and know what you're doing, it would be very difficult if not impossible to track. Heritage knows about the potential of this currency, which is why they added this option quickly to their cashier system. Also, another good thing about Heritage's bitcoin is payouts are free up to $1K per day. 

    I dont know about Bovada, don't think they have bitcoin yet. Bitcoin is the best way to transfer money in/out sportsbooks without being tracked. 
    Reply
    Quote Originally Posted by dl36:

    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?

    There are some bitcoin wallets like blockchain that don't ask for your name or info. All you need is an email. If you set up multiple bitcoin wallets and know what you're doing, it would be very difficult if not impossible to track. Heritage knows about the potential of this currency, which is why they added this option quickly to their cashier system. Also, another good thing about Heritage's bitcoin is payouts are free up to $1K per day. 

    I dont know about Bovada, don't think they have bitcoin yet. Bitcoin is the best way to transfer money in/out sportsbooks without being tracked. 
     
    CountCrisco
    CountCrisco
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    Joined: May, 2014
    Posts: 1564
    Posted: Nov. 20, 2014 - 10:05 PM ET #6

    Another thing, that $10k rule that you're worried about only applies to cash deposits. Check deposits are fine regardless of the amount. Normal people especially business owners deposit checks all the time for over $10k, it doesnt send out flags. Only cash deposits send out flags. Trust me, your bank is not going to say anything to the govt if you deposit checks.  
    Reply
    Another thing, that $10k rule that you're worried about only applies to cash deposits. Check deposits are fine regardless of the amount. Normal people especially business owners deposit checks all the time for over $10k, it doesnt send out flags. Only cash deposits send out flags. Trust me, your bank is not going to say anything to the govt if you deposit checks.  
     
    dl36
    dl36
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    Posts: 27850
    Posted: Nov. 20, 2014 - 11:53 PM ET #7

    Quote Originally Posted by NCarts:

    Bovada offers 1 free hard paper check per month. I honestly think its your best bet. Financial institutions shouldn't hassle you much over it since its well under 10k. I don't know what kind of advice your "banking friend" is giving you. 

    My friend means well and perhaps airs on the side of caution...

    I am wondering however if I could take it to a check cashing place that would not be associated with my actual bank account and if that would make a difference
    Reply
    Quote Originally Posted by NCarts:

    Bovada offers 1 free hard paper check per month. I honestly think its your best bet. Financial institutions shouldn't hassle you much over it since its well under 10k. I don't know what kind of advice your "banking friend" is giving you. 

    My friend means well and perhaps airs on the side of caution...

    I am wondering however if I could take it to a check cashing place that would not be associated with my actual bank account and if that would make a difference
     
    dl36
    dl36
    Banned
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    Posts: 27850
    Posted: Nov. 20, 2014 - 11:55 PM ET #8

    Quote Originally Posted by CountCrisco:


    There are some bitcoin wallets like blockchain that don't ask for your name or info. All you need is an email. If you set up multiple bitcoin wallets and know what you're doing, it would be very difficult if not impossible to track. Heritage knows about the potential of this currency, which is why they added this option quickly to their cashier system. Also, another good thing about Heritage's bitcoin is payouts are free up to $1K per day. 

    I dont know about Bovada, don't think they have bitcoin yet. Bitcoin is the best way to transfer money in/out sportsbooks without being tracked. 

    called bovada... they dont do bitcoin... 

    they do moneygram but there is like a 10% of more fee and $750 limit, and recommendation to get it from different places every time...

    bovada also would not transfer funds to heritage...

    So for heritage, bitcoin sounds good...  how do I transfer bitcoins into cash?
    Reply
    Quote Originally Posted by CountCrisco:


    There are some bitcoin wallets like blockchain that don't ask for your name or info. All you need is an email. If you set up multiple bitcoin wallets and know what you're doing, it would be very difficult if not impossible to track. Heritage knows about the potential of this currency, which is why they added this option quickly to their cashier system. Also, another good thing about Heritage's bitcoin is payouts are free up to $1K per day. 

    I dont know about Bovada, don't think they have bitcoin yet. Bitcoin is the best way to transfer money in/out sportsbooks without being tracked. 

    called bovada... they dont do bitcoin... 

    they do moneygram but there is like a 10% of more fee and $750 limit, and recommendation to get it from different places every time...

    bovada also would not transfer funds to heritage...

    So for heritage, bitcoin sounds good...  how do I transfer bitcoins into cash?
     
    esplanade
    esplanade
    Captain
    Participation Meter
    Joined: Feb, 2008
    Posts: 9021
    Posted: Nov. 21, 2014 - 3:53 PM ET #9

    Quote Originally Posted by dl36:

    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?


    Isn't that ankles behind ears? You're the expert. Other than when you are "airing".
    Reply
    Quote Originally Posted by dl36:

    so basically I am converting their funds into another currency...

    Is this something that is tracked? 

    how do I do the bovada?


    Isn't that ankles behind ears? You're the expert. Other than when you are "airing".
     
     
    kdawgy
    kdawgy
    Veteran
    Participation Meter
    Joined: Nov, 2007
    Posts: 1742
    Posted: Nov. 21, 2014 - 4:08 PM ET #10

    Bovada won't do checks of $3,000 anyways, so you're good there.  I've had good luck with bovada checks and credit to cc (if you're eligible).  Check is usually on my doorstep within 48-72 hours.

    Check cashing places sound easy but is probably your worst option.  Most won't do international checks, won't do over $500, and even if they do they will photo copy your drivers license, get your fingerprint, and probably require a second form of ID. 

    Moneygram is your only truely papertrial free option, but even that isn't the case if you are considered a "unusual transaction".  In that case they will ask for your social and other background information to process your transaction. And that's really the number you want to avoid having to give up.
    Reply
    Bovada won't do checks of $3,000 anyways, so you're good there.  I've had good luck with bovada checks and credit to cc (if you're eligible).  Check is usually on my doorstep within 48-72 hours.

    Check cashing places sound easy but is probably your worst option.  Most won't do international checks, won't do over $500, and even if they do they will photo copy your drivers license, get your fingerprint, and probably require a second form of ID. 

    Moneygram is your only truely papertrial free option, but even that isn't the case if you are considered a "unusual transaction".  In that case they will ask for your social and other background information to process your transaction. And that's really the number you want to avoid having to give up.
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