Re: Pinnacle Rebates (470 Views)
Posted by:
jimbo66 (IP Logged)
Date: December 16, 2004 01:49PM
CH,
I withdraw and deposit all the time. Not a problem in the time I have been using them. I have had scores on multi-race bets for 20k and 30k this year and they paid.
They will either fedex you a check or do a bank wire. Either way, the trick is not getting paid, but getting paid in increments that don't trigger any IRS audits. Even if I want to withdraw 20k, what I do is break it into three separate wires of 7k, 7k and 6k. I have heard that 10k is a limit that you should avoid when doing Western Unions, bankwires, cashing checks, etc.etc.
If you are a "pick-6" player, you shouldn't use them though. They don't take this bet, they stop at pick-4. You are not betting into the pools, you are betting with a bookmaker. However, their "limits" are not what a lot of bookmakers have (many shops limite WPS at 15-1, 8-1 and 2-1 respectively, and 100-1 on exactas and doubles. They pay track odds at Pinnacle. There is a "cap" of profit per race, based on size of the track. The bigger circuits are capped at 50k, so if you lucky enough to hit a trifecta that paid 60k, you would only get 50.