Originally Posted by
mhrb
I thought all gambling transactions are classed as cash wd? There are some ways around this I can think of that might work but they'd be very slow.
Otherwise it would be trivial to do 6 figs with this method...
Earning points on this is a minor. Doing 6 or 7 figures a year isn't hard once you have the infrastructure and knowledge. The issue is KYC when you step things up to this level. Unless you have a big bankroll or income, Amex for example will shut you down when they FR you as using them for gambling transactions or any other financial transaction for the purpose of MS is against their T&Cs.
The softies also get stroppy over too many deposits and withdrawals in a short space of time. Having said that, the laws on charging fees for credit card transactions had an unintended consequence on the viability of doing this.
If you do have the means however then there are better ways of MSing big with less operational risk (which doesn't include the arithmetic involved).