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Possible cash out method
 

Would this work in theory...

You sign up to a betting website using the same details as your stealth paypal account.

You deposit using your paypal account which should work as all info matches.


You then withdraw to your own bank account.

To enable this, from what I can gather without trying it myself, the betting company will require a copy of the bank statement and ID. Assuming the betting company accept your documents, your good to go?

Am I right in thinking this will work?

Why not just withdraw to a bank account attached to the Paypal account?

And no, I don't think it would work in the medium to long term.

It won't be long before they catch on to what you are doing. It's not a good long term solution for the withdrawal of funds.

Why can't you withdraw to the bank account attached to your PayPal?

This is a solution for those accounts that don't have bank accounts attached.

For whatever reason, some people don't attach bank accounts, we all know that.

Re: Possible cash out method
 

Paypal does not like gambling sites. They will prob limit ur account if u do this

just to back this up

i used to do it with MB and pp....you get limited from all over pp bookies site betfair all of them......over and over.


Another thing is.....from places like betfair or bookie you can only take what you put in by what mean you put in so what everyou put in with pp as to be withdrawn via PP.


if you know how to LAYBET then it can work good but you need to know your stuff which you clearly do not.

Re: Possible cash out method
 

I know people that exploit the laybet on Betfair and make a fairly decent risk-free income from it.

If you have the capital to outlay and some basic mathematical skills it is easy to do.

yer i know all about carpet bagging and the like... been there done that about 8 years ago :)

Time for another rounds me thinks becuase the 7 year mark has passed.

Really good money to be made .... i started with £160.00 and made in the region of 16k... that does not sound like much but i did that in about 4 months.

Took WH for just short of 600 in one day, well more like 2 hours.

If you have good money to lay out you can make a living just from odd differences (ARBS)

Its one of, if not the best way i have eve come accross for free money.

I had the time of my life.

tax free too :)

a good payment processor to use for these kind of sites is moneybookers, Now known as skrill.

They soon catch on to you. Had all the free bets. free bet off bookie lay on betfair.
Bet365 free 4/1 or over bet is a good one till they catch on:
Free £50 bet with them at 4/1 = £200 profit or no loss
Lay £40 on betfair hopefully at 4/1= £160 loss or £40 win
£40 profit whatever the outcome.
As I say they soon catch on.