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Paddy Power Max Payout

  • 02-06-2021 11:33PM
    #1
    Med101007
    Registered Users, Registered Users 2 Posts: 413 ✭✭


    Whats the max payment that PP will hand out over the counter in cash before they would issue a cheque.

    My uncle is real old school and will only bet in the shops and never online. He's looking to do a big bet on the Euros buts hes worried that if it lands he will be paid his winnings by cheque, which won't look good when he lodges it in his bank account.


Comments

  • #2
    Juwwi
    Registered Users, Registered Users 2 Posts: 4,266 ✭✭✭Juwwi


    A big bet to some is a small bet to others . are you talking over 20k back if if it wins ?

    I'm sure you can request cash winnings ,might have to wait a day or two if they don't have it in the shop .


  • #3
    LMHC
    Registered Users, Registered Users 2 Posts: 407 ✭✭LMHC


    Med101007 wrote: »
    Whats the max payment that PP will hand out over the counter in cash before they would issue a cheque.

    My uncle is real old school and will only bet in the shops and never online. He's looking to do a big bet on the Euros buts hes worried that if it lands he will be paid his winnings by cheque, which won't look good when he lodges it in his bank account.

    I've had a few big ones they sent me between 4 shops at different times and another time paid with a cheque make sure he gets a receipt for the winnings over 10k revenuenhave to be informed.


  • #4
    okidoki987
    Registered Users, Registered Users 2 Posts: 10,639 ✭✭✭✭okidoki987


    AFAIK they don't give out large cash wins anymore.
    If you win or bet over €2k, you have to produce photo ID and proof of address.
    When that is done, you will get the funds transferred to your bank account when you give them your bank details.
    I have a major problem with the 2k winnings which was decided on by politicians who know nothing about betting.
    There is a massive difference between staking 2k and winning 2k.
    You could win 2k for a 10c stake on the Lotto or an accum, then have to supply the shop with your name and address before you get paid.
    So a staff member then knows you've won over 2k and who knows what could happen with that information.
    If he's doing a large bet on a single event, he would be better off doing it on the exchanges where he would get a better price.
    He would still have to satisfy the exchange with the AML requirements but that is the same everywhere.


  • #5
    rekluse
    Registered Users, Registered Users 2 Posts: 925 ✭✭✭rekluse


    Seen 64k cash paid out in boyles , they will usually do whatever customer prefers.


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