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    All Forums | Las Vegas

    betting limits

    hillardoh1
    666LES
    Bling
    LeRinkRat
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    Views: 2515
    Posts: 11
     
    hillardoh1
    hillardoh1
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    Posted: Jul. 14, 2015 - 1:03 PM ET #1

    Let's say you wanted to bet over the limit at these sports books the mirage,Mandalay bay, and MGM grand so you decide to spread the bets at each of these sports books.could you do that even throughthey are owned by the same company or would you get denied and redflaged. 
    Reply
    To remove first post, remove entire topic.
    Let's say you wanted to bet over the limit at these sports books the mirage,Mandalay bay, and MGM grand so you decide to spread the bets at each of these sports books.could you do that even throughthey are owned by the same company or would you get denied and redflaged. 
     
    666LES
    666LES
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    Posted: Jul. 14, 2015 - 3:21 PM ET #2

    Let's say you want to bet 15k on a game and the limit is 5k at each.Walk up to each counter and bet 5k (line may change as walk to each book). They don't take your name or ss# when you bet.
    Try this-Walk up to counter@Mirage,bet 5k,go sit down.If your action doesn't move the line, go hit it again.Repeat.
    You will not get denied at MGM or MandalayBay or anywhere for a bet you made at another property.
    Reply
    Let's say you want to bet 15k on a game and the limit is 5k at each.Walk up to each counter and bet 5k (line may change as walk to each book). They don't take your name or ss# when you bet.
    Try this-Walk up to counter@Mirage,bet 5k,go sit down.If your action doesn't move the line, go hit it again.Repeat.
    You will not get denied at MGM or MandalayBay or anywhere for a bet you made at another property.
     
    hillardoh1
    hillardoh1
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    Posted: Jul. 14, 2015 - 3:39 PM ET #3

     I really thought the casinos would not take your action from the same company casinos if you tried to go over the limit at different casinos
    Reply
     I really thought the casinos would not take your action from the same company casinos if you tried to go over the limit at different casinos
     
    666LES
    666LES
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    Posted: Jul. 14, 2015 - 3:53 PM ET #4

    If you bet at the Mirage,how would the folks at the counter at MandalyBay know who you were or what you had bet? 
    You know some times you could ask if they would take a bet for more then the limit and the worse thing the manager will do is say no, some times they say yes. 
    Reply
    If you bet at the Mirage,how would the folks at the counter at MandalyBay know who you were or what you had bet? 
    You know some times you could ask if they would take a bet for more then the limit and the worse thing the manager will do is say no, some times they say yes. 
     
    hillardoh1
    hillardoh1
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    Posted: Jul. 14, 2015 - 4:31 PM ET #5

    they would only know you if they took ids. im just surprised the sportsbooks haven't done this. they do however keep track of your plays if you have a players card. I also do know they will not take your action on certain numbers or just move the line against you.
    Reply
    they would only know you if they took ids. im just surprised the sportsbooks haven't done this. they do however keep track of your plays if you have a players card. I also do know they will not take your action on certain numbers or just move the line against you.
     
    666LES
    666LES
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    Posted: Jul. 14, 2015 - 4:49 PM ET #6

    They will take a limit bet on any game with any posted number unless the game is circled (injury or ?? player) If the posted # is 3, 7 or 21 they will take your action and they will not move the # before you bet.If you use your player card they want you to bet any game several times,they want you to bet.

    I lived in LasVegas more then 8 years and any game with a posted line, you you can bet counter limit at that line.
    Reply
    They will take a limit bet on any game with any posted number unless the game is circled (injury or ?? player) If the posted # is 3, 7 or 21 they will take your action and they will not move the # before you bet.If you use your player card they want you to bet any game several times,they want you to bet.

    I lived in LasVegas more then 8 years and any game with a posted line, you you can bet counter limit at that line.
     
    Bling
    Bling
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    Posts: 41476
    Posted: Jul. 15, 2015 - 4:54 PM ET #7

    Quote Originally Posted by hillardoh1:

    they would only know you if they took ids. im just surprised the sportsbooks haven't done this. they do however keep track of your plays if you have a players card. I also do know they will not take your action on certain numbers or just move the line against you.
    Because in reality they don't care if you make several bets at the limit.  All they want is the chance to adjust the line before too much money is put on it, that is really the only reason the limits exist so low. 
    Reply
    Quote Originally Posted by hillardoh1:

    they would only know you if they took ids. im just surprised the sportsbooks haven't done this. they do however keep track of your plays if you have a players card. I also do know they will not take your action on certain numbers or just move the line against you.
    Because in reality they don't care if you make several bets at the limit.  All they want is the chance to adjust the line before too much money is put on it, that is really the only reason the limits exist so low. 
     
    LeRinkRat
    LeRinkRat
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    Posted: Jul. 15, 2015 - 11:24 PM ET #8

    Quote Originally Posted by Bling:

    Because in reality they don't care if you make several bets at the limit.  All they want is the chance to adjust the line before too much money is put on it, that is really the only reason the limits exist so low. 


    once again, Bling has it correct. you can stand at the same window and book one limit bet after another BUT after at least the 2nd bet, maybe even the 1st IF they are getting pounded, the book will probably adjust the odds
    Reply
    Quote Originally Posted by Bling:

    Because in reality they don't care if you make several bets at the limit.  All they want is the chance to adjust the line before too much money is put on it, that is really the only reason the limits exist so low. 


    once again, Bling has it correct. you can stand at the same window and book one limit bet after another BUT after at least the 2nd bet, maybe even the 1st IF they are getting pounded, the book will probably adjust the odds
     
    hillardoh1
    hillardoh1
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    Posted: Jul. 17, 2015 - 8:04 PM ET #9

    OK let's say you bet with chips and you won 11000 in chips could you avoid filling out the tax forum if you cashed out 2 diffrent times. Once with 6000 dollars in chips and a second time with 5000 dollars worth of chips
    Reply
    OK let's say you bet with chips and you won 11000 in chips could you avoid filling out the tax forum if you cashed out 2 diffrent times. Once with 6000 dollars in chips and a second time with 5000 dollars worth of chips
     
    666LES
    666LES
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    Posted: Jul. 20, 2015 - 2:27 PM ET #10

    No matter what you are betting with if you have to file WG-2 (300-1) you do not avoid filing that form.Are you thinking C-Track ? It's not a tax form and that's possible but some places are asking for info for cashouts of less then 10k.
    Reply
    No matter what you are betting with if you have to file WG-2 (300-1) you do not avoid filing that form.Are you thinking C-Track ? It's not a tax form and that's possible but some places are asking for info for cashouts of less then 10k.
     
     
    hillardoh1
    hillardoh1
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    Posted: Jul. 22, 2015 - 7:00 PM ET #11

    It seems like they have too many ways to track you with a ctr or make you fill out a w2g. Also they have MTL a multiple transaction  log they file whenever someone exceeds $3000 transaction. So much hassle when you consider  you have to pay 10% juice to the casino then pay 25%  or 28%  in taxes. There was an article about Billy Walters even  saying its really not worth it if   your a Nickle or dime player and like getting your money taken
    Reply
    It seems like they have too many ways to track you with a ctr or make you fill out a w2g. Also they have MTL a multiple transaction  log they file whenever someone exceeds $3000 transaction. So much hassle when you consider  you have to pay 10% juice to the casino then pay 25%  or 28%  in taxes. There was an article about Billy Walters even  saying its really not worth it if   your a Nickle or dime player and like getting your money taken
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