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Posted: #51
I am gonna try to bump this to a new page, maybe it will fix itself
 
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Posted: #52
<<<<<< Fart Smucker eh?
 
Prospect
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Posted: #53
i hate it whe I lose my pony in a pile of shit... by the time I get him out he always smells like......well you know......
 
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Posted: #54
you see, this really is not that hard, it's not rocket surgery
 
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Posted: #55
know what you mean
 
Prospect
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Posted: #56
I'm not much for blindly tailing anyone.  I like to read lots of quality write-ups to help me form a better opinion of a game.  Thats whats kept me lurking around covers for years without ever posting.  No offense to Rush but I always laugh at the people who blindly tail him.
 
Prospect
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Posted: #57

For information on where to make your bets, your options are many.  I disagree with NevadaNightmare that the "serious" gambler should only make his bets at a Nevada sportsbook.  In some situations, you may get better odds, but if you shop around, you can often find similar or even better odds online.  The key here is to shop around for the best line.

As for an investment opportunity, don't think of sports betting as an alternative to stocks, money market accounts, business ventures, etc.  This is a different type of gamble typically (almost always) in favor of the bookie .  For a new sports gambler, you need to hone your craft as a handicapper.  This takes time.  You may learn from others but you must be able to commit to studying on your own.  Use a system to find value in a line.  Use smart money management (Kelly Criterion works for me) and be prepared for losing sessions - it happens to all of us.

I would be skeptical of anyone answering your request for a partnership (whatever your intentions are).  You don't want to be swindled by bankrolling someone else's picks.  This all sounds a little shady to me.

 
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Posted: #58
My point is if your are bettin many thousands of dollars, how do you know an offshore will pay you?  It is illegal in the US to bet with them so you can't call the cops.  That was my point.  I would not trust my $100,000 with a bunch of yahoo's in Jamaica who are accountable to no one.
 
MVP
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Posted: #59
Quote Originally Posted by AtlFader:

I am telling you what Steve Wynn said..... just go hang out in a sports book some afternoon... see how "wealthy" and "well dressed" the players are... they are one step away from a cardboard box under an interstate.... most have been divorced 3+ plus times...... find me one cab driver in vegas that did not lose everything he had and is now driving cabs...... professional gamblers can never win at house casino games because of the odds % favoring the house or sports handicapping where the book gets juice.... that margin guarantees that the longer you play, the more likely you are to lose..... name any casino game and I will give you the house advantage in %... we know what the juice is in sports.... that is all you need to know

I stand by that statement... you are entitled to your opinion, my intent is not to argue with you.... I hope you are an exception to the guaranteed mathematical advantage the house has; and I hope you make a good living gambling  

i was never talking about casino games, i was talking about Sports gambling and yes i agree with you 99.9% cant make a living out of it but there are the rare ones that make a shitload.

 
Prospect
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Posted: #60
NevadaNightmare - point taken...
 
I have never had $100,000 in an offshore account but I have had many thousands in numerous online sites at one time.  I have never had any trouble getting my money or getting paid.  If you find reputable sites, they work just as well as Vegas.  I just can't fly out to Nevada every week to make my bets.  I wish I could...
 
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Posted: #61
Listen, I would have the greatest respect for anyone who could make a living betting on sports... It probably doesn't get any better than that....
 
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Posted: #62
If I had the money as you seem to have, I would become a bookie. That would be my dream job, and Im sure I speak for most of us.
 
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Posted: #63
off shore books won't take anything near that large.. they don't lay off; they fade you.....
 
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Posted: #64

One More Point

You used to be able to cash a winning ticket and slither on out of the book with your cash... NOT ANY MORE... if you win more than $600 you have to go to the IRS window and report it; if it is over $5000 they take 28% out right there... so now when you compute you required winning percentage, you must discount your wins by 28% for the tax man...

SO if you play $1,100 (add as many zeros as your heart wants) and you win, you get paid $1,000 minus $280 for a net win of $720 so take a close look at the effect of that... if you win you get $720 but you risked $1,100 that means you have to win at the window a real world 69% TO JUST BREAK EVEN... IS ANYBODY YOU KNOW THAT GOOD??????

 
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Posted: #65
XJET1 - I agree.  If I could just be on the other side, that's where the real (guaranteed) money is.
 
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Posted: #66
YEAH, only problem a bookie has is to make sure he is not doing business in an area that is the same area Tony Soprano's friend is working
 
Prospect
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Posted: #67
Quote Originally Posted by AtlFader:

One More Point

You used to be able to cash a winning ticket and slither on out of the book with your cash... NOT ANY MORE... if you win more than $600 you have to go to the IRS window and report it; if it is over $5000 they take 28% out right there... so now when you compute you required winning percentage, you must discount your wins by 28% for the tax man...

SO if you play $1,100 (add as many zeros as your heart wants) and you win, you get paid $1,000 minus $280 for a net win of $720 so take a close look at the effect of that... if you win you get $720 but you risked $1,100 that means you have to win at the window a real world 69% TO JUST BREAK EVEN... IS ANYBODY YOU KNOW THAT GOOD??????

Not true, in the state of Nevada the magic number is $10,000.  I personally collected $3,000 on the superbowl last year from a Cal Neva book.  Just walked out cash in hand, no tax man!!

 
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Posted: #68
you might have, but the law is pretty clear on that....
 
Prospect
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Posted: #69
Quote Originally Posted by AtlFader:

you might have, but the law is pretty clear on that....

Did it just change this year?  It's been $10,000 for as long as I've been gambling.  Are you sure your not thinking of another state?

 
Legend
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Posted: #70
GL
 
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Posted: #71
No casino is going to risk its license by not complying with IRS rules.... The casino MUST ISSUE A Form 1099G on known winnings, exempt are table games... but winning tickets ARE known winnings...
 
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Posted: #72
AND EVEN IF THEY DO NOT WITHHOLD IT
YOU STILL OWE IT
YOU WILL GO TO JAIL FOR TAX FRAUD...
 
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Posted: #73
I go to churchill downs for the ponies, they  are $600 report it $5000 with hold it.... I asked the guys, they said they thought everybody had to do it.... Take a look at the federal deficit... and then know that gambling winnings are taxable and have been for a long time...  they are just going after that money IMHO.....
 
Prospect
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Posted: #74
Lol, how?  My name is nowhere on the ticket.  I get cash not a check.  How would I go to jail.  I am supposed to report all gambling winnings on my taxes that is true.  However, no casino makes you fill out the form till you win over $10,000 trust me on this one!
 
 
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Posted: #75
See I thought so a different state!  In Nevada the amount to fill out the form is $10K.
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