Didn't read the entire thread. I'll use a few MoneyGram transactions when I can. Yea I know ... the fees.
With MG I get the money quickly and the fees are just the price of doing business. MG isn't perfect and the fees suck but at least I get my money. The government is making it harder to move money so you do what works for you.
It's helpful to read the thread before making comments so people don't have to repeat what's already been said. It's hard enough to hit 52.4% of your wagers without have to pay fees on top of that. So no, I wouldn't find it a good strategy to continuously pay fees like that (sorry, not buying that would be a smart "cost of doing business"). As stated, had I known it would be this much hassle to have a check accepted for deposit, the best option would be to use the bank wire. No fees, and the money would be in your account in approximately one week. So lesson learned by me for next time.
If you are dealing with a dime or more, the fees are not a big issue. Hardly noticeable. Everyone's priority is different. Mine is leaving the smallest footprint possible. I pay the taxes on gambling winnings, no problem there. But I'd prefer not to get a bank involved in my gamble business.
It depends upon the book you are using and how long you've been with them. I'll leave a few dimes in my book before cashing out. Some guys leave five figures in their book before cashing out. I will not do that. Bookmaker would be my first choice for a solid book. (Pinnacle is the best but they do not accept US customers).
Bank of America cashes thise Canadian checks no problem. 3 day hold maybe? No atm will ever take those checks. Bovada is the easiest to deposit by debit card and money is there in 2 minutes. They send checks via fed ex 3 days once a month for free. Any book that offers the debit card payout is good. Great way to get your money.
Heritagesports.eu is also a very good book to use. Not many books offer the credit or debit card option for deposit. Once you verify your card through them it is an easy process to deposit. They also accept moneygram but the limits are low. I have been using offshore sports books for 20 years. One of the best sites that i use to find a legit sports book is OSGA.com (Offshore Gaming Association). They give detailed information on books, whether youare looking bonus, payout, deposit, or whatever you as a player could be searching for. As a 20 year offshore player, I remember the days when you could deposit 3,000 western union or moneygram, also get a payout for almost whatever you requested. The most i had ever received at one time was 5,000 western union. It sucks because those days are gone. I do it recreational now because it is so hard to get the money to the sportbook, and even more difficult receiving your funds back. I hate to see the day come, but i believe us as player's will eventually get cut off from the offshore industry.
Just verified with Catalina at 5Dimes. Nothing has changed. Their max MG withdraw right now is $449 with a fee of twenty bucks. I've got no problem paying $100 in fees to collect two dimes or more. It's a clean transaction with no banks. You want to save a few bucks.., that's fine for you. My priorities are different, like not dealing with the banks. You save on your fees and I'll pay them to stay off the banks radar. Like I keep trying to explain.. it's all about what your priorities are.
Good for you. I'm not interested in paying 5% of profits, let alone making 5 trips for payouts. Nor am I paranoid (like you seem to be) about some IRS sting over a couple of dimes, lol. I think the government has bigger fish to fry. Had you taken the time to read the previous responses (which you repeatedly seem too lazy to do), you would have known that the conversation dealt with ease and convenience (which doing 5 separate transactions is not).
There are more important things than ease and convenience... and a lousy 5%. You think "the government has bigger fish to fry"? Try again. A friend of mine has been contacted by the IRS because some bank teller reported him about a payout check he tried to cash. He has cashed these checks in the past at his bank with no problem. However this hot shot teller decided to go Rambo on him Not sure how all of this is going to work out for him. Before this happened to him though, I'm sure he would of said most of the things you have said.
