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need some advice! Just won $200,000+ in beted.com

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Posted: #151

Dreams Do Come True 

Wow ........ Congrats Man ...... I wish i never started gambling ...... Take the $ and quit ...... Enjoy it be Happy ....... And have a great story to tell for the rest of your life ........ BUT STOP GAMBLING you already have reached a much higher peak than any realistic expectation could have foreseen ....

 
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Posted: #152

I have recently had a problem with BetED too and closed my account. Customer service and management were very unprofessional and attacked me personally even though the error was on their end. The BetED site's interface malfunctioned on me and they refused to honor a 2-team parlay for me too during the NBA playoffs but it was NOWHERE near what you have 'won'.

Wish there was a different sportsbook sponsoring the Streak Survivor contest! (hint, hint, Lou) Oh well, never had a problem with my other 4 books though and three of them are Covers sponsors so hooray! (BetPhoenix #1!!, BetJamaca, BetUS)

 
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Posted: #153
Amazing Iron picks. Thanks for sharing this story
 
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Posted: #154
I believe you bro

Hope you get your
 
Prospect
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Posted: #155
Quote Originally Posted by Syddigs:

I am calling BULLSHIT based purely on the betting pattern of this guy. He has a $500 ten team parlay across two sports ( soccer and baseball ) and hit its it to win up to $217K.

His next bet is a two team parlay for ONLY $264. If he had won $217K the previous day then why would his next bet be for only $264. Not to mention the ridiculous staking plan. $500 on a 10 teamer across two sports, but only slightly more than half that on a 2 teamer the next day when he had just won 217K. 

If I had won huge the previous day, I would definitely be having more than a $264 baseball two teamer the next day.

Smells mighty fishy to me.

what should he do? start placing $10,000 parlays cause he won all that money!!! you continue to bet the way you normally bet. why should he give it all back? i don't think that that is a dumb move!!! $264.00 parlay is a pretty healthy wager, maybe, just maybe he is playing it safe!!!

 
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Posted: #156

congrats ironpicks!!! i am very happy for you. glad u showed all those haters out there that this was legit!!! spend your money wisely my friend!!!!

 
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Posted: #157

 What the fuck!

 

 Damn fine hit brother.....  Damn fine!

 
Prospect
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Posted: #158

Great hit man! 

I have been around a long time and never have seen anything quite like this.

Hopefully you get paid.

 
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Posted: #159
If this were me, here's what I'd do.

1- Make damn sure I have gotten the money and exactly, to the penny, how much.

2- Consult with an international tax accountant OR find a damn good local guy who has a specialty in taxation. My guy has his masters in public tax. If he doesn't know, he'll steer me in the right direction.

3- Have that accountant calculate the amount, exactly, what my tax exposure will be.

4- Consult with the accountant and possibly my attorney about the advantages and disadvantages of having an LLC or Corporation dedicated for this transaction. Maybe there is a tax pass thru if I get the bookie to pay it to that sort of entity.

5- Once I've established the tax liability amount, I'd drop that into a cd or money market fund. I'll get interest, not much, and in the meantime, I may find some opportunities to write off expenses. Frequently people pay the IRS their tax money straight away and it's a helluva lot harder to get your money back from them than it is to pay. They don't want the cash until 4/15, or 3/15 if you're a corporation, so why not make a few bucks off of what will be their money?

6- Transfer the remainder, whether it's in $10K increments or less, into my brokerage account.

7- I have no debt currently, but if I did have interest bearing debt, I'd pay it off. There is no sense paying money to owe money.

8- Leave out 25% of what's left over in cash.

9- Invest the remaining 75% into CLF, ISRG, a small amount of OREX and GES or some other retailer. Put a downward and an upward limit on each one and then forget about it.

10- Spoil myself with a ___________________??


 
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Posted: #160

Quote Originally Posted by vvryan11:

Where's smokin and all the other haters now?? Haha so many people on this site are nothing but negative and only post to rip other people.  Glad to see it when this happens and they look like total jackasses.  Congrats IronPicks that certainly is the bet of a lifetime... don't spend it all in one place!!

This is still bullshit and Im right here buddy..havent went anywhere..I dont care what MOD comes on here and says "oh, we have just confirmed"..blah...blah..blah...go find a good author to write your fairytale because im still not buying it..I dont care who you are..no one plays parlays like that..NO ONE!!! I dont care how much money you have...thats like throwing away money in REALITY which is obviously NOT where this guy is at at this time in his life...Don't really care..This whole thing is fairytale...I wish I could say im jealous, but im not because it wasnt a real bet...Here..let me make up a fake covers alias and come in here and post saying that I have just confirmed his wager is real and not fake..c'mon..get a life dude

 
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Posted: #161
Quote Originally Posted by tlml1899:

First of all congrads IronPicks spend your money wisely and dont give it back to them.Make sure you withdraw the max every week and buy your family something nice.What do you plan on doing about taxes?

I still say hes full of shit...could care less what the fuck you think...

 

 

Second alot of you bashing little pricks need to apologize to ironpicks for calling him a liar and bashing him when all he did was ask for help.That means you:

gutcheck

Iw1nBets

Godfather16

Sharp_Action

gold6185

smoking376

Cleek111

Instead of helping the guy and giving him a little friendly advice you bashed him and called him a liar. Sad if you ask me

 
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Posted: #162

Hi,

My names LOU..Just want to say that this bet was completely real and not fake..and remember to join me next week for another episode of Fairytales and Magic Dust.....

Thanks,

Lou  

 
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Posted: #163
Quote Originally Posted by orangemen09:

what should he do? start placing $10,000 parlays cause he won all that money!!! you continue to bet the way you normally bet. why should he give it all back? i don't think that that is a dumb move!!! $264.00 parlay is a pretty healthy wager, maybe, just maybe he is playing it safe!!!



Why the fuck would/should he play it safe when he has just won $150K. That's called being a box. So you are OK with him having $500 parlays prior to him wining 6 figures, but then you should think he should turn box after cashing that large ticket?

Until you win $150K what makes you think you should be offering this guy advice? This guy wins $150K and for some ridiculous reason you think he wants/needs your gambling advice. How deluded is that? You should be asking him for advice.

The only good advice offered has been from those recommending that he seek tax advice and other assistance on how to get his money with the least Govt interference.
 
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Posted: #164
IronPicks if your this good @ hitting parlays, why don't you post your plays so we can see how you are on a consistent basis. If your for real congrats but maybe start up a daily parlay thread or even post your play on Willbet's thread...
www.Lucky-Bet.site => Bet on Sports - 50% Deposit Bonus
 
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Posted: #165
congrats on an amazing hit. Can i have 5g's to pay back school loans.... lol  jk

Invest! Invest!  Seek professional help so you won't get into trouble with the I.R.S....  

Keep all of us updated, i would like to see how you fix the tax problem.
 
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Posted: #166

Hey Syddigs,

I was just being consistent with the prior sentiments regarding not giving it back.  Your right, I dont know him, but Im 99.9% sure he will give it all back and more if he continues to try hit large parlays. Ive seen the best go down in flames after big hits.  Its truly an enigma how it happens, but it does.  The gambling gods giveth and then they take awayeth.

 
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Posted: #167
Quote Originally Posted by Syddigs:


You are WRONG. If the guy was aware of the rules he would have known what his maximum payout would be if he hit his parlay. He was NEVER going to get 217K and the rules state this. Perhaps if he was aware of the rules he could have made his parlay an 8 teamer to win the $150k, instead of taking the extra risk by making it a 10 teamer and for $67k that he was NEVER going to get paid.

In saying that, as I said previously, I do think that BetED should credit his acct the remaining balance, or at least some of it, and attach a rollover clause to it so that he can play with money that he rightfully won but will not receive due to their ( and most books ) max payout rules.


Your second paragraph is flat out stupid, if he should have known according to you, why would they give him credit. That point is nonsensical.

With regard to your first point, someone said they read the rules and the 150k limit is not clearly indicated OR it was not BEFORE the hit. In either event, not much contribution in your attempt to call me wrong.
 
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Posted: #168
Quote Originally Posted by Syddigs:



Why the fuck would/should he play it safe when he has just won $150K. That's called being a box. So you are OK with him having $500 parlays prior to him wining 6 figures, but then you should think he should turn box after cashing that large ticket?

Until you win $150K what makes you think you should be offering this guy advice? This guy wins $150K and for some ridiculous reason you think he wants/needs your gambling advice. How deluded is that? You should be asking him for advice.

The only good advice offered has been from those recommending that he seek tax advice and other assistance on how to get his money with the least Govt interference.


Why so angry and bitter, a couple $5 bets go against you??
Calling the guy a box?? He calls you a broke losing chump.


 
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Posted: #169

Two cheers  

 
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Posted: #170
SMALL UPDATE

The Good.
Beted.com has shown awesome customer service so far.
I'm sure it has to do with the unique situation, but props to them for the awesome service, anyways. After those early 24hrs where I didn't get any response from them, and I was scared thinking I was being blown away, everything has been great. It was all validating and making sure it was a genuine winning bet.
My account is fully cleared. I can bet normally, No restrictions, All good.
The accounts manager personally called me to congratulate me and talk about my withdrawal options. All is good.

The not so Good.
Unfortunately, they will not make any exception for my account. I will not get a large lump sum of the money like I wanted. I'm forced to receive the weekly $3000 limit. That's it. Not negotiable.
Don't get me wrong, $12,000 a month will make me think my day job is a waste of time, but I had important plans that involved having the larger sum available in the coming weeks. Not happening. Move on.

The Bad
Regarding my transaction, nothing so far.
I'm not going to go all out and personally recommend the site, since I haven't received a penny yet. But everything has worked out fine so far.

They still need to fix that misleading limit in the software. I couldv'e won the same $150,000 limit making an 8 team bet and still wouldv'e won the same max $150K, but instead my odds were much worst in a 10-teamer. That glitch in the software only benefits them, and hurts the player that believes he will get the payout their software says they will win.


Sidenotes
Thanks for everyone's advice, getting an accountant is great tip.

A few things:
I WILL pay my taxes, I'm not crazy. This could turn into a horror story if I don't.
I WILL visit an accountant to clarify a few questions I still have, and to see what is my best move in this situation.
I WILL (at least for the near future) use a 2nd book for some of the  betting I do. My trust in Beted.com is still good, I will still support them, but I don't want to put all my eggs in one basket. Is unlikely I will win this big again, but if I win any large bet again I would want it to be in a different book, at least for the next 12-13 months. (damn 3k limit!).


I WILL NOT be playing anymore $500 10-team parlays again, of course. 






 
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Posted: #171
Quote Originally Posted by smokin376:

Hi,

My names LOU..Just want to say that this bet was completely real and not fake..and remember to join me next week for another episode of Fairytales and Magic Dust.....

Thanks,

Lou  

LOU does alot for this forum and the next time I see you cracking jokes on his behalf, your account will be suspended...

here I will add one more smiley face for you

 

 
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Posted: #172
i dont care if it is a lie or not but still keep in mind that tha sportbook never loses :))
 
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Posted: #173
 
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Posted: #174
Quote Originally Posted by IronPicks:

SMALL UPDATE

The Good.
Beted.com has shown awesome customer service so far.
I'm sure it has to do with the unique situation, but props to them for the awesome service, anyways. After those early 24hrs where I didn't get any response from them, and I was scared thinking I was being blown away, everything has been great. It was all validating and making sure it was a genuine winning bet.
My account is fully cleared. I can bet normally, No restrictions, All good.
The accounts manager personally called me to congratulate me and talk about my withdrawal options. All is good.

The not so Good.
Unfortunately, they will not make any exception for my account. I will not get a large lump sum of the money like I wanted. I'm forced to receive the weekly $3000 limit. That's it. Not negotiable.
Don't get me wrong, $12,000 a month will make me think my day job is a waste of time, but I had important plans that involved having the larger sum available in the coming weeks. Not happening. Move on.

The Bad
Regarding my transaction, nothing so far.
I'm not going to go all out and personally recommend the site, since I haven't received a penny yet. But everything has worked out fine so far.

They still need to fix that misleading limit in the software. I couldv'e won the same $150,000 limit making an 8 team bet and still wouldv'e won the same max $150K, but instead my odds were much worst in a 10-teamer. That glitch in the software only benefits them, and hurts the player that believes he will get the payout their software says they will win.


Sidenotes
Thanks for everyone's advice, getting an accountant is great tip.

A few things:
I WILL pay my taxes, I'm not crazy. This could turn into a horror story if I don't.
I WILL visit an accountant to clarify a few questions I still have, and to see what is my best move in this situation.
I WILL (at least for the near future) use a 2nd book for some of the  betting I do. My trust in Beted.com is still good, I will still support them, but I don't want to put all my eggs in one basket. Is unlikely I will win this big again, but if I win any large bet again I would want it to be in a different book, at least for the next 12-13 months. (damn 3k limit!).


I WILL NOT be playing anymore $500 10-team parlays again, of course. 








1. after I saw this thread and read their rules I didn't see any $150k Max payout. On the same hand I didn't see 3K per week payout but I just scanned through. 

2. 12k a month is great take it all day long. 

3. set up an off shore account with a tie in ATM account in the US. j/k I am sure your accountant will advise you better but hire a good one. 

4. smart paying your taxes. and be sure to track you bets this year and deduct your loses. 

5. I hope in 2 years you are still enjoying your funds. 
 
 
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