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jbharshaw

jbharshaw

Playing Online Poker

Sometimes making a withdrawal can be quite distressing, but there is a way to do it easily and quickly. Here is a method that provides maximum security and relatively hassle free deposits and more importantly withdrawals from your bankroll or gambling money. If you don’t intend on making withdrawals I suggest you find another hobby, stay on the play money tables, or contact your local gambling intervention organization.

1. Open a new/different checking account at your local bank. This serves two purposes actually: It does not expose your normal checking account to the Internet, and it keeps your normal budget away from your gambling money. Since it takes effort to make the transfer it gives you some insulation between the two accounts.

2. Establish an account with an online transfer service like Neteller, Firepay, etc.

3. Register your special checking account with the transfer service. This will take a few days as they will make a small deposit to verify the account. Once verified you are ready to transfer funds back and forth.

4. Normal transfers take 2 or 3 business days. There is a special Instant Cash but this is a cash advance and the fees are quite high. NEVER USE INSTANT CASH. It has a negative EV (expected value).

5. Keep most of your bankroll in your Neteller etal. account. You should only withdraw funds that you intend to spend. In the Neteller account your bankroll is always available immediately to take advantage of some special promotion or bonus.

6. Open your real money account at your selected poker site. WIN.

7. When you have accumulated some winnings transfer the some money back to Neteller and then transfer a small amount back to your checking account. It will take 2 or 3 days before it is available. You make this initial withdrawal to establish and test the line of transfers. Once you have completed this test withdrawal all future withdrawals will go much more smoothly. Remember these sites often use some significant security measures to insure the send your money to you and not to someone else. You can request a check but it much more complicated and may take a 1-2 weeks.

There is one major drawback to this method of withdrawal. Your bank may report these deposits to the IRS. Keep the withdrawals small may help but there will still be a transaction record.

So, now there is no reason you should have no reason not to set it up and get online.

See you at the tables.

JB

 

Editors Note: jbharshaw has written articles for me for over two years now, and has his own poker information site at

www.bestpokerguide.net





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