What sites do you guys use and what is the cashout restictions? I liked UltimateBet but it became too hard to deposit/cashout with wait period, etc.
I now play on Full Tilt and really enjoy it, however I requested my first cashout of $300 on December 20th and still have not seen anything in my bank account.
I heard about poker sites having problems with bank transfers (not just Full Tilt) since they passed The Unlawful internet gambling enforcement act. I just get checks even though it takes like 14 days. If your cashing out more then $10,000 I would suggest maybe opening up a swiss bank account so there is no problems with the unlawful internet gambling enforcement act.
Hmm… I am not transfering too much to worry about tho. Hopefully its just the holidays that choked up their transfers.
I have debated the idea of filing business papers and creating a corporation whos business is playing poker with myself as an employee so I can write off car payment, gas, maintenance, computer, etc as business expenses.
PokerStars was always within an hour of cashout when they had direct deposit. Now it’s about a 2 week check process, although I don’t even bother to cash out anymore.
When I was in college I played at least 4-5 times a week at my house and then pretty much every night online to help pay for stuff while in school since I didn’t have time for a real job.
Now that I have a career I just play for fun. I’ll cash it out eventually (or if it gets large enough to do something with) but for now I let it sit.
I put 20 bucks back on when I got here, and it’s gotten up to around 900 at times, I think it’s at like 600 right now… not too shabby for playing $1/2 or $11 SNG’s.
I pretty much always keep over $1,000 in mine. I’m not worried about not getting mine money it just is going to take a couple weeks which I’m fine with.
bodog, fedex check within a week or two, cashed out one check a month for the past couple of months, if you want more than one check they charge outrageous fees
What I’m worried about is the shadiness of these companies. They are all overseas so you can’t really pursue any foul ups. The software isn’t the greatest and I’ve heard glitches that can empty your account. Also, our gov. seems to always be trying to pass laws to stop online gambling. What’s to say these companies won’t “shut their doors” and take your money with them?
It’s not likely that anything mentioned above will happen but it’s not really worth it, in my opinion, to leave a decent chunck of money in there, gaining no interest, unless a grand ins’t worth much to you.
It’s a risk you take. Gotta pay to play. Most people who play, do it for fun and it’s not a day job. Those that do play to pay the bills it would suck to watch the doors get shut down, etc but for the most part anyone playing does it for fun (at least of all the people I know who play online).
My brother was pulling lots of money from Party Poker (over 10k/year) putting himself through college. One day they froze his account because he was playing a lot of tournaments with a friend and a lot of times they would fold to each other to help the other out (not directly cheating, just not playing against one another).
So potentially he was going to lose all the money, well somehow they unfroze his account, he cashed it out and then decided from then on to just play for low limits and for fun because the chance of them taking the money back is there and didn’t want to risk it since he was playing to pay the bills. He doesn’t even play anymore now.
That’s why I don’t even bother to cash it out often anymore, the money I play with is there for fun, if they shut the doors down yes it will suck to lose it but my initial investment is always so low, it’s not money I would miss.