How risky or dangerous is this?

[JDS]

He had someone overseas (friend/relative???) and this....

Probably tens of thousands of dollars in offshore bank accounts and sportsbooks that will never be recovered sadly.

 

[Tanko]

Probably tens of thousands of dollars in offshore bank accounts and sportsbooks that will never be recovered sadly.

You're probably right.
He seemed pretty smart though. Hopefully, he had a plan in place. Distant relative or something.

 

[613tunit]

He had someone overseas (friend/relative???) and this....

I believe you are right. I’m pretty confident he told me he had family in England. The way he spoke it seemed not to be an issue at all.

 

[Tanko]

I believe you are right. I’m pretty confident he told me he had family in England. The way he spoke it seemed not to be an issue at all.

I believe he was using them as a "beard" of sorts.

Got any family that you really really trust overseas 613unit?

 

[613tunit]

If I had a friend use my money to deposit and put in bets for me from another province (fully legally) If we got lucky and won a large sum could they deny paying out the winnings by asking him where he got such a large amount of bitcoin to deposit in the first place?

I understand KYC is a must in today’s world but what would a reputable company like Pinnacle be looking for to deny paying out?

 

[613tunit]

I believe he was using them as a "beard" of sorts.

Got any family that you really really trust overseas 613unit?

Only in Italy but I believe Pinnacle doesn’t allow Italian bettors.

 

[canuckg]

Are there ANY negatives using ps3838 vs Pinnacle directly or are the lines, juice, limits, no banning, etc etc identical? Thanks in advance.

yeah basically identical. you also have betfair with asianconnect which is kiwi247

 

[canuckg]

sorry typo - piwi247

 

[613tunit]

sorry typo - piwi247

Thank you

 

[jjgold]

At times there’s controversies with brokers that they don’t pay or void wagers you could look around

 

[canuckg]

asianconnect takes up to 48 hours to pay

 

[torontogyal]

As some of you may know I’m having a hard time depositing a large amount into Pinnacle. It comes down to that I live in Ontario which is the only province in Canada that they are licensed in.

In Ontario they limit the maximum deposit to $3,000 daily. In all other provinces the deposit limit is $500,000 daily.

How risky or dangerous would it be to bet on Pinnacle by:

- Using a VPN pretending I’m located in one of the other provinces with the high deposit limits.

- Buying a dedicated computer to run in one of my friends house who lives in one of these other provinces with high deposit limits that I can control remotely.

- I live 10-15 minutes away from Quebec which is the closest province to me. Having to drive every bet wouldn’t be my favourite option to do but I’m still throwing it out there.

Do not do this unless you have proof of income for your deposits and that the deposits are under the same name of the accounts. I believe Pinnacle tries to limit sharp action in Ontario as they are taxed based on volume rather than profits, hence I had several accounts suspended and it took me a while to get my money out after using them for 2 years since legalization of sports betting in Ontario (I was mainly arbitrage/low-hold betting on their site). Like others have pointed out, PS3838 acts as a grey mirror to Pinnacle and probably how they get by jurisdictions/tax implications. I personally use BetInAsia, but heard asianconnect is just as good.

 

[torontogyal]

Are there ANY negatives using ps3838 vs Pinnacle directly or are the lines, juice, limits, no banning, etc etc identical? Thanks in advance.

2% withdraw fee + 2% service fee (waived every 8 days after withdraw)

 

[jjgold]

It’s just not worth it.

 

[mralar16]

Are there ANY negatives using these sites vs Pinnacle directly or are the lines, juice, limits, no banning, etc etc identical? Thanks in advance.

I only lost 4-5k there and stopped because I'm an idiot. I'm sure they would gladly continue taking my action. I suggest signing up and talking to them directly - they'll help you bypass govt restrictions if they like what they hear. Especialy Vodds

 

[613tunit]

Do not do this unless you have proof of income for your deposits and that the deposits are under the same name of the accounts. I believe Pinnacle tries to limit sharp action in Ontario as they are taxed based on volume rather than profits, hence I had several accounts suspended and it took me a while to get my money out after using them for 2 years since legalization of sports betting in Ontario (I was mainly arbitrage/low-hold betting on their site). Like others have pointed out, PS3838 acts as a grey mirror to Pinnacle and probably how they get by jurisdictions/tax implications. I personally use BetInAsia, but heard asianconnect is just as good.

Thanks Toronto. Appreciate the info!

 

[613tunit]

2% withdraw fee + 2% service fee (waived every 8 days after withdraw)

Are both fees waived if you withdraw every let’s say 10 days or just the withdraw fee?

 

[torontogyal]

Are both fees waived if you withdraw every let’s say 10 days or just the withdraw fee?

No, just the service fee.