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How to store your bankroll How to store your bankroll

07-18-2019 , 01:05 AM
Hi guys.
I wonder how you guys take your bankroll with you when moving to another country to play live games. Let's pretend I live in italy and want to play in Vegas live games for a few months . I wanna have my bankroll with me, let's say 40k. How do I do that? How do you guys take your money with you? Sry for bad English and thanks in advance.
How to store your bankroll Quote
07-18-2019 , 04:27 AM
If you want the whole 40k with you call your main casino and wire it to them.
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07-18-2019 , 09:01 AM
Not sure if there's a thread on the cheapest fees involved with wiring to casinos but it may be worth a search.

You may also want to talk to your bank and see if they have a partner bank in USA that they work with.

If you aren't sure that you have a 'main' casino, then you could look into opening either a virtual or actual bank account in USA that you can access in Vegas. A few months is long enough IMO to go through this process ... you don't have to tell them you are closing the account in 4 months.

I haven't seen anything lately, but in the past you had to 'report' anything above $10K in cash when moving around. It's not that it's illegal to have it with you, you just need to tell them you have it 'on' you. I certainly wouldn't put it in any checked luggage and it may take you a bit longer to get through security and customs as well.

I agree the first step would be to talk to 'many' casinos to see who will work with you, especially if you are staying with them at any time during your visit. GL
How to store your bankroll Quote
07-18-2019 , 09:56 AM
Quote:
Originally Posted by answer20
Not sure if there's a thread on the cheapest fees involved with wiring to casinos but it may be worth a search.

You may also want to talk to your bank and see if they have a partner bank in USA that they work with.

If you aren't sure that you have a 'main' casino, then you could look into opening either a virtual or actual bank account in USA that you can access in Vegas. A few months is long enough IMO to go through this process ... you don't have to tell them you are closing the account in 4 months.

I haven't seen anything lately, but in the past you had to 'report' anything above $10K in cash when moving around. It's not that it's illegal to have it with you, you just need to tell them you have it 'on' you. I certainly wouldn't put it in any checked luggage and it may take you a bit longer to get through security and customs as well.

I agree the first step would be to talk to 'many' casinos to see who will work with you, especially if you are staying with them at any time during your visit. GL
Interesting. So if I'm walking through security at the airport with $11k in my backpack, I have to tell them specifically that it's in there?
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07-18-2019 , 10:13 AM
Not domestically.* But when entering the US you have to declare any currency > US$10k or risk having it seized and forfeited. There is absolutely no reason not to declare it if you are going to use it lawfully, so just do it.

*Of course, even domestically there is a risk some ****head LEO will seize it under our asinine asset forfeiture laws, and then you'll have to sue to get it back.
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07-18-2019 , 10:13 AM
Quote:
Originally Posted by Mother Mucker
Interesting. So if I'm walking through security at the airport with $11k in my backpack, I have to tell them specifically that it's in there?
If you're travelling Internationally, in or out of the US, you need to declare it (not sure the process for outgoing, but during your customs check incoming). For domestic travel there's no limit, and no need to declare, but obviously you're going through a TSA checkpoint and they may ask questions if you have large sums of cash on you.
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07-18-2019 , 10:44 AM
Quote:
Originally Posted by Mother Mucker
Interesting. So if I'm walking through security at the airport with $11k in my backpack, I have to tell them specifically that it's in there?
If you travel internationally, there are multiple signs to make sure everyone is aware of that and can’t claim ignorance.

FWIW, it’s not only cash but monetary instruments in general. So $5k in cash and money orders worth $5k would have to be declared.
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07-18-2019 , 10:53 AM
You also can't have $5k on you and give $5k to your girlfriend traveling with you and not declare.
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07-18-2019 , 04:17 PM
You would also have to declare the cash when you leave your home country. There are similar rules for carrying cash to/from/between EU countries.

The following text is from europa.eu

Quote:
If you plan to enter or leave the EU with EUR 10 000 euros or more in cash (or the equivalent in other currencies) you must declare it to the customs authorities. Failure to do so could result in your cash being retained by the customs authorities, and you may receive a fine. Be aware that the customs authorities may carry out individual checks as well as checks on your baggage and/or vehicle.

If you want to travel between EU countries with EUR 10 000 euros or more in cash (or the equivalent in other currencies), you must check with the customs authorities in the countries you are leaving, entering and passing through whether you must declare it.
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07-22-2019 , 06:32 PM
Put all $$$ into coinbase. Find Crypto nut at casino and sell them crypto. Shouldn't be hard to find someone to buy a BTC from you. Higher variance but i've done it.

Costs about $5 marker fee's to buy a BTC which is annoying - may be cheaper on binance or other sites.

Make sure you don't hold the $$$ in BTC unless you like high variance.

Paypal could work too but some people are not trustworthy and reverse the transactions which is why I don't accept paypal any more.
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