What about using a canadian bank account as a U.S. citizen to gamble on sports with Pinnacle?
I’ve read the reviews of pinnacle, and it seems like a legit site.. I was thinking of opening a canadian bank account online and putting .00 in it. I would deposit .00 into Pinnacle via wire transfer and stick to Parlays with heavy college football, basketball, and baseball team favorites like LSU(football) against say Northwestern State. If I win anything big I could wire transfer to my Canadian bank account then wire transfer from there to my U.S. bank account. Sports parlay betting appeals to me not that I think I’ll win anything big, but that I can bet and forget about it for like 2 weeks. The big part for me in dealing with gambling is not the money. I bet small always and have not been tempted to bet more. I just don’t want to think about it all the time and pour over horse racing statistics everyday.
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November 17th, 2011 at 7:04 pm
It wouldn’t be worth the cost of wiring $10! You will have to pay a monthly fee for your Canadian account, pay $50 to wire $10, and if Pinny finds that you do live in the USA, they will confiscate your funds and you will be lucky to get the initial $10 refunded. If you open an account under false pretenses, you run a big risk. Especially since you’re only betting $1 at a time, I would suggest just using sites that cater to US based players. You can do the same thing, but it will be much more convenient for you. Pinny will require you to verify your home address prior to any payouts, so you’re screwed in that regard.
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November 17th, 2011 at 7:04 pm
Why not just use a U.S. friendly sportsbook? Bodog, 5 Dimes, Intertops, and BetOnline are all good sportsbooks and accept U.S. players. Just use Western Union or Moneygram to deposit and withdraw. That seems easier to me. Wire transfers are usually expensive. I’d check out the costs of withdrawing via wire transfer first. Plus, if you get caught you will definitely lose any funds in your account. More info on good U.S. friendly sportsbooks here: http://www.proline-sucks.com/sportsbooks.html
November 17th, 2011 at 7:04 pm
What you are saying is considered money laundering. Why do all that work when you can just deposit into a USA friendly sportsbook? You can use Bodog for now, they are however not accepting USA players at the end of 2011. BetOnline seems to have positive reviews and its USA friendly.