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Advice Needed on Withdrawls

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  • #1

    Advice Needed on Withdrawls

    I'm not sure if this is in the right forum or not, if not then please move it.

    For those that are willing to give advice on such a subject your input is appreciated. I am looking to withdraw a good bit of money (thousands), but don't know the legal background of such. How much can you withdraw at a time without having to claim taxes on it? How much per year without claiming taxes? What methods do you prefer to withdraw EFT? Western Union? Check? Is one method better than another method? Are some methods trackable and therefore MUST be claimed on taxes? Any information is helpful, and thank you in advance.

    ~~~ Tigger
    Tags: None
  • #2
    I think you should keep EFT's under 5000, I heard that about drugs and money launderers or something.

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    • #3
      I Would Shoot For 1900 Several Different Times Instead Of All At Once. Less Noticeable And Taxable. 1900 Maybe The Right Number.
      "The range of what we think and do is limited by what we fail to notice.

      Comment

      • #4
        Spearit

        Originally posted by Spearit
        I Would Shoot For 1900 Several Different Times Instead Of All At Once. Less Noticeable And Taxable. 1900 Maybe The Right Number.
        What do you mean spearit? You don't extract more than 1900 per withdrawl, or if you want 1900, you break it up into say $500 increments? How often do you extract it then? One a day? A week? Sorry about all the questions, just trying to be clear on it.

        ~~~ Tigger

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        • #5
          Advice needed....

          How do I get to have that problem??
          "That ain't working, that's the way you do it... get your money for nothing and your picks for free"

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          • #6
            Tigger -small Amounts Of 1900 Withdrawn Does Not Raise Eyebrows. Over The Course Of Several Weeks - Withdraw The Money Once Vary On The Next Say 1750, Then 1800 Per Week. A Large Amount Is More Apt To Be Researched As Far As I Understand. It Is Only An Opinion. Hope It Helps. By The Way Can You Help Some Of Us Who Might Need A Motivational Speech On Winning Ways. Many Of Us Take Bets On A Whim. I Personally Am A Nickel Or Less Player After Burning Up My Resources With A Bookie.
            "The range of what we think and do is limited by what we fail to notice.

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            • #7
              Withdraws for as much as 7500 by check and 5000 by neteller have been done without any ramifications. If you are subsequently depositing dough into a personal bank account, I'd recommend keeping under 10,000 (10 or more requires additional paperwork)

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              • #8
                Spearit/garylehr

                I have had some amazing weeks these past few. Starting a few weeks ago, I have been making my normal wagers of $50-$200, but then running a 10-pt teaser daily on my strongest plays for about $250, and have just made a killing so far. Some people don't like to play teaser, because it just doesn't pay enough, or it takes patience, but I'm here to tell you.... IT WORKS. Build the house brick by brick. I've been enjoying the winnings and haven't had to sweat near as many games out. Hope this helps

                ~~~ Tigger

                PS. Spearit - thanks for the advice. Do you know anything about having to claim any of it on the taxes, or no? Do you or anyone else prefer a certain method other than EFT seeing as that is tracked? Thanks again.

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                • #9
                  Move to a beautiful Carribean Island and request as large a withdrawal as you like. Seems like many of these books are located in Antigua. I wonder what that place is like.

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                  • #10
                    Originally posted by Tigger
                    I have been making my normal wagers of $50-$200, but then running a 10-pt teaser daily on my strongest plays for about $250, and have just made a killing so far.
                    About how many teams do you play teasers on... and is this in addition to your normal plays??
                    "That ain't working, that's the way you do it... get your money for nothing and your picks for free"

                    Comment

                    • #11
                      Hit The Wrong Button And Wiped Out My Post. How You Deposited Is How You Will Get Paid Back. Taxes Come From A Red Flag To Your Bank Account, Mostly. But That Is Larger Denominations. Consult Your Book For Your Rights. Also Us Govt Knows Nothing Of Your Account Total So Milk It For Safe Results. Know Alot Of People That Stay With Bookies Because They Want No Hassles. Thanks For Any Info On Teasers. Love To Hear A Success Story.
                      "The range of what we think and do is limited by what we fail to notice.

                      Comment

                      • #12
                        garylehr

                        Some books have this option, some don't. I am with Pinnacle, Royal, and betmill .com (millenium). Millenium is where I run my 10-pt teaser from. It's called a Super teaser and must have 4 picks involved whether that be sides/totals. Yes, I do this in addition to my normal picks. ONE: this can serve as damage control case I lose a nailbiter. TWO: it can just be more winnings. OR THREE: I could lose both the straight bet and the teaser. It happens. Lately, the first two have happened a lot for me though and not the third, LOL.

                        ~~~ Tigger

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                        • #13
                          Where Do You Concentrate Your Plays From? ARE YOU FADING FEEL FRR NOT TO ANSWER IF IT IS IMPOSITION. SEEKING ALT BETTING STRATEGIES TO SINGLE PLAYS
                          Last edited by Spearit; 03-14-2005, 01:23 AM. Reason: MISTAKE
                          "The range of what we think and do is limited by what we fail to notice.

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                          • #14
                            I have Pinnacle, their Super Teaser is a 7 pt., Olympic offers a 4 team 8 pt or 3 team 6-7 pt., or Bodog which has a Sweetheart teaser which is a 3-team 8pt or 4-team 10pt teaser that sounds closest to what you have.... Thanks much for the info, i'll check it out more!!

                            For example.. today, the Knicks wouldn't have covered a 7 pt teaser, but a 10 pt teaseron Ripple's fade picks would have covered...
                            Saturday, a 4 pt teaser would have covered all Rip's fades....
                            Maybe another way to play them!
                            Last edited by phonepole; 03-14-2005, 01:41 AM.
                            "That ain't working, that's the way you do it... get your money for nothing and your picks for free"

                            Comment

                            • #15
                              No problem at all Spearit, I'm willing to help. I started betting about four years ago. The thing is that I've been lucky enough to learn from a lot of great cappers in the short time I've done this and learned about some of the "traps" and the "lines" that Vegas puts out. The ones to watch for and better yet, the ones to stay away from. I don't know them all, no one does. If anyone did, they we'd all be retired by now, LOL. It's hard to go into detail of how I choose my games, but feel free to coat-tail me. Just remember this, follow at your own risk and NOTHING IS EVER GARUNTEED, no matter what they tell you. There is no such thing in gambling. It's all odds and percentages. Be patient and don't chase.

                              ~~~ Tigger

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