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I'd just like to add my two cents worth:
Karen: I suspect the method employed by pomjim would work whether or not he left the funds in his online betting account for a month, six weeks or six months - the 1% fee would be charged on each withdrawal from the account. Your point about an annualised 9% rate doesn't apply here, I'd say.
Also, while some may prefer to leave their money in an online savings account and earn $550 interest over a year on a $10000 balance (less tax, no doubt at around 47% for most people on this forum), earning a quick 10000 points for a $100 cost seems a good deal. To earn them otherwise, even for a silver or gold frequent flyer, would cost substantially more. Some of the posts I've seen on this board (relating to points runs across the country) would doubtless be worse uses of funds!
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