Minimum needed to live the dream

Do you get to deduct your losses?

Get a time share.

you don't deduct shit because IRS doesn't know shit,if you bet 10k you fill out a banking act statement that only states that somebody passed 10k and they don't state wiether you won or lost. These get put in a drawer until the book has a shitload and they box'm and mail'm.

link to LVjunkie thread?

This minimum grows larger day by day as food prices, gas prices, medical costs, housing, utilities, etc. rise and rise.

  Bro, are you renting any rooms?

Yes u do.........i hit for $41,000 at bingo a few years ago, and i was worried about the IRS auditing me and saying I owe them for my winnings(i took the 41,000 as a direct deposit with no taxes withdrawn), so I asked the casino for a printout of all the money I spent at the casino for the year (plus i save all the losing sports and race book losing tickets i had) and when i filed my taxes i actually broke even(not counting my yearly income)

That is nice!  Finally a break from big brother.  I got a 35% tax credit for solar installation this year, this helps on my estimated taxes as usually I pay 750 a qtr., my accountant said I won't need to this year.

I see a few tidbits of bad information on this thread. Please check out this article and this site.

good read if nothing else but we all know how this story ends

Living the dream is a nightmare for most bettors, proceed with great caution

one thing you must have is an online account(matchbook,pinnacle,5dimes) with reduced lines if you are going to do this on a daily basis.

 

I am in the state of Nevada, but also have online accounts.

Good to be here in person though, as you have to have your ear to the ground if you know what I mean

i am in mexico where gambling is legal but the lines, like vegas, are horrible.

i dont even use the mexican sportsbooks anymore but rarely as casinos cannot compete with the discount online services.

depending on the sport there can be a 10-20 percent premium you pay.

you cant afford that if you are doing this full-time.

If he was placing 2200 dollar bets in Preseason, He has more than likely gone bust by now and the dream is now a nightmare.

Sorry to disappoint but I am here, alive and well....

Total = Up about 4k

Its been pretty  crazy. 

Doing great picking winners; giving back to much at the tables

Just bored, looking to meet/talk to people.....

Came out here to pick winners  and have been doing great with it...

My nut is about $450 a month....

Liquid cash = $100k

If I want to bet 2k on a preseason game,....I probably will....... 

Tomorrow on Bears, USF

and about the whole "preseason" thing....

LOL, Gotcha
I knew if I made a statement like that we would get an update

Hope your not a poker player too

Nice one,...Yea I stumble in the poker room every now and again,...

I arrive September 20th for 5 days, Ill add you as a friend and maybe we can hook up and shoot the breeze while betting on some college and NFL games.

you have to open a 5dimes account.

i dont even want to tell you how much youve lost playing vegas lines. im with matchbook and pinnacle.

you cant do this on a dialy basis and bet vegas lines.

you just cant.

 

 

If you are asking then you don't have enough.

Vegas update?

More than likely its all gone, I dont think we will hear from NY Slim again.