I won a 22k parlay on fanduel - better to do multiple withdrawals or one big one??

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  • Orion1178
    SBR High Roller
    • 10-05-23
    • 151

    #1
    I won a 22k parlay on fanduel - better to do multiple withdrawals or one big one??
    I've heard anything under 700 dollars is processed immediately


    Should I just do like 50 withdrawals under 700?
  • blankoblanco
    SBR MVP
    • 11-18-11
    • 3484

    #2
    Congrats on the win!

    That's a lot of smaller withdrawals to make. It could raise red flags if you're doing them in quick succession, and it's in the realm of possibility that they use it as a reason to freeze your account or something. Otherwise it's gonna make it take forever to get all your money out

    I would probably just go with the bigger withdrawal that you actually want and avoid anything that could look sus. However I don't have experience with making a large withdrawal from Fanduel, so maybe somebody else has better advice
    Comment
    • Orion1178
      SBR High Roller
      • 10-05-23
      • 151

      #3
      Originally posted by blankoblanco
      Congrats on the win!

      That's a lot of smaller withdrawals to make. It could raise red flags if you're doing them in quick succession, and it's in the realm of possibility that they use it as a reason to freeze your account or something. Otherwise it's gonna make it take forever to get all your money out

      I would probably just go with the bigger withdrawal that you actually want and avoid anything that could look sus. However I don't have experience with making a large withdrawal from Fanduel, so maybe somebody else has better advice


      Why would multiple small withdrawals cause a freeze of account? I'm not cheating anything
      Comment
      • Easy-Rider 66
        BARRELED IN @ SBR!
        • 02-14-12
        • 36043

        #4
        Originally posted by Orion1178
        Why would multiple small withdrawals cause a freeze of account? I'm not cheating anything
        structuring so trying to avoid taxes?
        Comment
        • Orion1178
          SBR High Roller
          • 10-05-23
          • 151

          #5
          Originally posted by Easy-Rider 66
          structuring so trying to avoid taxes?


          They don't take out taxes unless it's a huge parlay - like 300 to 1
          Comment
          • Easy-Rider 66
            BARRELED IN @ SBR!
            • 02-14-12
            • 36043

            #6
            Originally posted by Orion1178
            They don't take out taxes unless it's a huge parlay - like 300 to 1
            not sure what the rules are with taxes. Maybe someone with experience withdrawing that kind of coin can assist you. GL.
            Comment
            • Optional
              Administrator
              • 06-10-10
              • 60655

              #7
              Originally posted by Easy-Rider 66

              structuring so trying to avoid taxes?
              Originally posted by Orion1178



              They don't take out taxes unless it's a huge parlay - like 300 to 1
              Nothing to do with it.



              It's about money laundering. If you "look" like you are doing that books are supposed to investigate why and report it if needed.
              .
              Comment
              • Doug tushyterror
                SBR MVP
                • 07-03-12
                • 4172

                #8
                Originally posted by Orion1178
                I've heard anything under 700 dollars is processed immediately


                Should I just do like 50 withdrawals under 700?
                I'd say post the slip or it never happened but people aren't big on proof around here so I'll take you at your "word"
                * just 3 of my WDs this month that all arrived the same day so I'm pretty sure they could expedite 1 of your "big ones" with maximum efficiency.

                Last edited by Doug tushyterror; 02-12-24, 04:47 AM.
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                • Easy-Rider 66
                  BARRELED IN @ SBR!
                  • 02-14-12
                  • 36043

                  #9
                  ^^^ definition of a Heavy Hitter. Good Luck Doug.
                  Comment
                  • Doug tushyterror
                    SBR MVP
                    • 07-03-12
                    • 4172

                    #10
                    Originally posted by Easy-Rider 66
                    ^^^ definition of a Heavy Hitter. Good Luck Doug.
                    Thanks ER but it's all based off this..would still be eating Ramen & living in credit card debt if Sinner doesn't come back from 2 sets down..even paid off all my cards in full as a result.

                    Comment
                    • Easy-Rider 66
                      BARRELED IN @ SBR!
                      • 02-14-12
                      • 36043

                      #11
                      ^^^
                      Comment
                      • d2bets
                        BARRELED IN @ SBR!
                        • 08-10-05
                        • 39990

                        #12
                        Why would you do that? What is it that you're worried about? I've done many withdrawals much larger than that without issue. It takes a day or two. Many small withdrawals might piss them off and get your account locked.

                        22k may seem like a lot to you, but it's nothing. They were taking 500k on sides yesterday.
                        Comment
                        • lakerboy
                          SBR Aristocracy
                          • 04-02-09
                          • 94361

                          #13
                          They will give you 10k in less than 24 hours. FanDuel is slow but dk Pays at lightning pace.
                          Comment
                          • d2bets
                            BARRELED IN @ SBR!
                            • 08-10-05
                            • 39990

                            #14
                            Originally posted by lakerboy
                            They will give you 10k in less than 24 hours. FanDuel is slow but dk Pays at lightning pace.
                            Less than 24 hours is slow? My experience is they approve same day and it hits account the next day. That's not slow in my book.
                            Comment
                            • DwightShrute
                              SBR Aristocracy
                              • 01-17-09
                              • 102286

                              #15
                              Originally posted by d2bets
                              Why would you do that? What is it that you're worried about? I've done many withdrawals much larger than that without issue. It takes a day or two. Many small withdrawals might piss them off and get your account locked.

                              22k may seem like a lot to you, but it's nothing. Theywere taking 500k on sides yesterday.
                              Comment
                              • lakerboy
                                SBR Aristocracy
                                • 04-02-09
                                • 94361

                                #16
                                Originally posted by d2bets
                                Less than 24 hours is slow? My experience is they approve same day and it hits account the next day. That's not slow in my book.
                                FanDuel has NEVER given me in less then 48 hours. That's based on ALOT of withdrawals not one or two experiences.

                                DK pays very fast.
                                Comment
                                • d2bets
                                  BARRELED IN @ SBR!
                                  • 08-10-05
                                  • 39990

                                  #17
                                  Originally posted by lakerboy
                                  FanDuel has NEVER given me in less then 48 hours. That's based on ALOT of withdrawals not one or two experiences.

                                  DK pays very fast.
                                  Weird. It usually hits my account next day. But you're in Canada, right? So that's probably the difference.
                                  Comment
                                  • d2bets
                                    BARRELED IN @ SBR!
                                    • 08-10-05
                                    • 39990

                                    #18
                                    Originally posted by DwightShrute
                                    Why is that funny? Genuinely curious. Some people see a thousand or two in their account and think it's a crazy huge sum. Others see it as a rounding error. It's all relative.
                                    Comment
                                    • DwightShrute
                                      SBR Aristocracy
                                      • 01-17-09
                                      • 102286

                                      #19
                                      Originally posted by d2bets
                                      Why is that funny? Genuinely curious. Some people see a thousand or two in their account and think it's a crazy huge sum. Others see it as a rounding error. It's all relative.
                                      Are you saying $22k to a bettor or the book? If you mean the book, then I misunderstood.
                                      Comment
                                      • JIBBBY
                                        SBR Aristocracy
                                        • 12-10-09
                                        • 83691

                                        #20
                                        Leave it all in and let it ride! Don't be a pussy...


                                        Comment
                                        • dxp
                                          SBR Sharp
                                          • 10-06-18
                                          • 463

                                          #21
                                          as soon as i linked my bank account with trustly on both draftkings and fanduel, i began receiving my payouts immediately. it takes like 1-2 minutes on average. doesn't matter if it's $50, $700 or $2000. regular ACH with fanduel used to take 24-72 hours because they handle it and it goes in their queue.
                                          Comment
                                          • d2bets
                                            BARRELED IN @ SBR!
                                            • 08-10-05
                                            • 39990

                                            #22
                                            Originally posted by DwightShrute
                                            Are you saying $22k to a bettor or the book? If you mean the book, then I misunderstood.
                                            Of course it's peanuts to the book, esp Fanduel. And it's also not that monumental to a lot of bettors. It's all relative.
                                            Comment
                                            • Easy-Rider 66
                                              BARRELED IN @ SBR!
                                              • 02-14-12
                                              • 36043

                                              #23
                                              Originally posted by d2bets
                                              Of course it's peanuts to the book, esp Fanduel. And it's also not that monumental to a lot of bettors. It's all relative.
                                              you must be a heavy hitter D2bets. 22K is a lot of coin for sure. Good luck moving forward.
                                              Comment
                                              • mjsuax13
                                                Moderator
                                                • 03-14-15
                                                • 24769

                                                #24
                                                Fellas- the OP didn’t win anything. He does these posts every few months. Eventually he will meltdown and say he needs to be banned because he has a gambling problem.
                                                Comment
                                                • Eddy Munny
                                                  SBR Posting Legend
                                                  • 08-13-13
                                                  • 15739

                                                  #25
                                                  What method do the domestic books use for payouts?
                                                  Comment
                                                  • pavyracer
                                                    SBR Aristocracy
                                                    • 04-12-07
                                                    • 82476

                                                    #26
                                                    Originally posted by mjsuax13
                                                    Fellas- the OP didn’t win anything. He does these posts every few months. Eventually he will meltdown and say he needs to be banned because he has a gambling problem.
                                                    Usually these posters try to sneak a link to a book or a service. There should be a way to move these posts quickly so posters don't start replying to them.
                                                    Comment
                                                    • mjsuax13
                                                      Moderator
                                                      • 03-14-15
                                                      • 24769

                                                      #27
                                                      Originally posted by pavyracer
                                                      Usually these posters try to sneak a link to a book or a service. There should be a way to move these posts quickly so posters don't start replying to them.
                                                      Yes, good idea. Not this guy though. He likes the abuse when he starts talking about winning and losing massive piles of money. Stay tuned.
                                                      Comment
                                                      • Thefix13
                                                        SBR Wise Guy
                                                        • 05-14-21
                                                        • 664

                                                        #28
                                                        Don't forget shilling for books
                                                        Comment
                                                        • Orion1178
                                                          SBR High Roller
                                                          • 10-05-23
                                                          • 151

                                                          #29
                                                          Originally posted by dxp
                                                          as soon as i linked my bank account with trustly on both draftkings and fanduel, i began receiving my payouts immediately. it takes like 1-2 minutes on average. doesn't matter if it's $50, $700 or $2000. regular ACH with fanduel used to take 24-72 hours because they handle it and it goes in their queue.


                                                          I'm doing trustly

                                                          I did a withdrawal for 700 and It was cleared in morning after 4 hours but I haven't seen it in my bank account yet

                                                          I did another withdrawal for 700 but it's been processing for 2 hours
                                                          Comment
                                                          • Orion1178
                                                            SBR High Roller
                                                            • 10-05-23
                                                            • 151

                                                            #30
                                                            Originally posted by mjsuax13
                                                            Fellas- the OP didn’t win anything. He does these posts every few months. Eventually he will meltdown and say he needs to be banned because he has a gambling problem.

                                                            Comment
                                                            • whocares
                                                              SBR Wise Guy
                                                              • 02-20-10
                                                              • 976

                                                              #31
                                                              Good for you! Nice winner
                                                              Comment
                                                              • OldBill
                                                                SBR Hall of Famer
                                                                • 11-02-21
                                                                • 6398

                                                                #32
                                                                fanduel can take 2 -3 b iz days to send funds to your account however from now on deposit wit h pay pal you get paid in minutes
                                                                Comment
                                                                • mjsuax13
                                                                  Moderator
                                                                  • 03-14-15
                                                                  • 24769

                                                                  #33
                                                                  Originally posted by Orion1178
                                                                  We still don’t buy it. Could be anyone. When do you ask to be banned again?
                                                                  Comment
                                                                  • mjsuax13
                                                                    Moderator
                                                                    • 03-14-15
                                                                    • 24769

                                                                    #34
                                                                    Originally posted by OldBill
                                                                    fanduel can take 2 -3 b iz days to send funds to your account however from now on deposit wit h pay pal you get paid in minutes
                                                                    Like your GOFUNDME Bill?
                                                                    Comment
                                                                    • DonnieBrasco23
                                                                      SBR MVP
                                                                      • 11-06-23
                                                                      • 1136

                                                                      #35
                                                                      Originally posted by Easy-Rider 66
                                                                      you must be a heavy hitter D2bets. 22K is a lot of coin for sure. Good luck moving forward.
                                                                      Yeah he's definitely a heavy hitter, but he doesn't share a fuckin' thing with the community as far as picks. So it's quite annoying to always hear about it, would love for him to show us something and we could then all make money.
                                                                      Comment
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