Posted:
#4701
Green leaf
Can u shut the hell up?
Another annoying clown in here
Moving to Vegas to become a full time pro handicapper
Posted:
#4702
Lastly...get your as s in your car after hopefully you win your bet and drive to a William hill book...open an phone acct. drive to a stations casino...open a phone acct. drive to south point...open a phone acct (.10 baseball that's a must too have rather than a .20 cent line)
and start taking advantage of the tools this city offers you by living in it. What your doing is retarded and had you had an acct the other day..you wouldn't have lost the fla game because while with your family you could have got the number you wanted right on your phone.
Grow up and learn to live in this town!!! Tough love here brother!!
Posted:
#4703
5 K on the Kings. I never thought I would see the day where a 21-40 team against a 49-13 team would be the biggest bet someone has ever made. CG, you are the most honest person ever and for that I hope you win tonight. I have a bad feeling that it will be one of those games that arent competitive at halftime. I hope you win this and go back to normal. But like you said this is your journey but sadly this might make the journey more like a short vacation.
Posted:
#4705
I know no1 believes me when I say this but... If the queens do get there a$$ kicked tonight I have already said to myself "I took my shot, I had to with a large play because 5 of my 6 losses in my mind were due to my family distracting me". And I just operate with my 22K new bankroll at my $500 a game. This is a SHOT I had to take tonight not bc I went 0-6 but because of how my routine was thrown off and my process I used to dominate out here first 3.5 weeks with my family now here for 5 of my 6 losses in my epic 0-6 disaster
Posted:
#4707
Quote Originally Posted by JicJac:
Lastly...get your as s in your car after hopefully you win your bet and drive to a William hill book...open an phone acct. drive to a stations casino...open a phone acct. drive to south point...open a phone acct (.10 baseball that's a must too have rather than a .20 cent line)
and start taking advantage of the tools this city offers you by living in it. What your doing is retarded and had you had an acct the other day..you wouldn't have lost the fla game because while with your family you could have got the number you wanted right on your phone.
Grow up and learn to live in this town!!! Tough love here brother!!
One of the reasons I don't think CG will make it to football is hidden in your post above.
When you have to go out of your way to get 10 cent MLB lines - and that is considered to be the best you can get - that is really paddling upstream. Betting in to MLB with 10 cent lines is tough as hell. Cant imagine being able to do it.
I used to bet in to 1 cent (yes, 1 cent at MB) MLB lines. With commissions it used to work out to closer to 2 cents - but even at that - with the grind of MLB - it wasn't a sure thing.
10 cents is suicide IMO.
Support your local animal shelter. I am on twitter.
Posted:
#4710
Quote Originally Posted by vanzack:
CG -
If you win, you will be asked to fill out what is called a FINCEN report.
It is not an IRS form. Don't listen to people here who think they know what they are talking about. There will be no withholding tax, you aren't going to have to give them 30% - none of that.
But they are going to ask you for your SS# - and you are going to fill out a FINCEN that says you had 10k in cash on you. This is the same report you fill out if you go to buy a car with cash, or do anything with over 10k in cash.
It is not a report of earnings. In theory - it is not an IRS form although I am sure these forms are auditable if they want it.
Since you are a professional (as you have told us many times), I am sure you have a tax strategy in place. So just keep saving your losing tickets, keep up with your gambling journal (this thread), and pay your taxes. This form should have zero effect on that.
Also - because you are "professional" - I am sure you will file a schedule C as a professional gambler - so I hope you are keeping receipts that are expensable to your profession. Like your trip there, Tilapia, MILF expenses, nice blazers, and gas money for line shopping. You are entitled to write off business expenses that apply to your profession (as I am sure you already know and are keeping meticulous records).
Instead of cashing it, couldn't he just take the credit for 5 $2000+ tickets and spread it out over the NBA slate tomorrow and then they won't be interested in $10k+ total payout since it won't exist?
Posted:
#4711
Quote Originally Posted by vanzack:
Oh boy federal forms ......AVOID AS MANY AS POSSIBLE...nothing good comes from having your name on them that is a guarantee!
Just google FINCEN report and 10k.
It is a department of treasury thing. Not an IRS thing.
If you walked in to a bar with 10k cash, in order to impress some MILFs, and the bartender saw it - he is supposed to have you file a FINCEN.
If you went to make a HUGE salad, and your bill was over 10k for the cucumbers, tomatoes, fresh herbs, and feta - and you paid with cash - Albertsons is supposed to have you fill one out.
It does not show income - although in certain circumstances it could.
If you bet on a -1000 favorite - and you risked 9500 to win 950, when you collect you would fill one out - even though you only earned 950. And lets say you made 3 5k wagers (at different books). You win one and lose two - that means you lost about 6k total - but you would still have to fill out the form for cashing the one you won.
There isn't even an amount on the form. It just shows that you had over 10k in cash on you at that time.
What is the point? Ask the govt. I am sure they have their reasons, but one of those reasons is not to show income.
Posted:
#4712
Quote Originally Posted by vanzack:
Oh boy federal forms ......AVOID AS MANY AS POSSIBLE...nothing good comes from having your name on them that is a guarantee!
Just google FINCEN report and 10k.
It is a department of treasury thing. Not an IRS thing.
If you walked in to a bar with 10k cash, in order to impress some MILFs, and the bartender saw it - he is supposed to have you file a FINCEN.
If you went to make a HUGE salad, and your bill was over 10k for the cucumbers, tomatoes, fresh herbs, and feta - and you paid with cash - Albertsons is supposed to have you fill one out.
It does not show income - although in certain circumstances it could.
If you bet on a -1000 favorite - and you risked 9500 to win 950, when you collect you would fill one out - even though you only earned 950. And lets say you made 3 5k wagers (at different books). You win one and lose two - that means you lost about 6k total - but you would still have to fill out the form for cashing the one you won.
There isn't even an amount on the form. It just shows that you had over 10k in cash on you at that time.
What is the point? Ask the govt. I am sure they have their reasons, but one of those reasons is not to show income.
Posted:
#4715
Quote Originally Posted by scalabrine:
Instead of cashing it, couldn't he just take the credit for 5 $2000+ tickets and spread it out over the NBA slate tomorrow and then they won't be interested in $10k+ total payout since it won't exist?
I am not an expert in avoidance strategies with this....
I have heard people used to get paid with chips instead of cash and this would be the workaround - but I am pretty sure they wont do this anymore.
I don't know about rolling it over to new tickets. I do know when you do this they call out "multiple transaction alert" - don't know what this means - but a supervisor comes over. I am honestly not sure if they do a form at that point or not - or what the hell they do.
Support your local animal shelter. I am on twitter.
Posted:
#4717
Betting Empire 
You are just asking the betting gods to lose this game by 12, arent you? Be humble dude. Dont be a cocky jerk; that is what got you into this mess and praying for a 5K win or being down 4K and a stunning net turn of 10K in a week. I know you dont listen to anyone, but why don you listen to VAN; this guy is very sounds and know his stuff and has been there. A PRO would listen and take advice and make himself better for it. You are just a blowhard who thinks he knows everything. You have proven me right by being a reactionary amateur by betting 5K on a team going nowhere and no incentive to win at all on a random night in ATl where they were partying all night at the strip club. I hope you win but man you didnt stack the odds in your favor at all.
You are just asking the betting gods to lose this game by 12, arent you? Be humble dude. Dont be a cocky jerk; that is what got you into this mess and praying for a 5K win or being down 4K and a stunning net turn of 10K in a week. I know you dont listen to anyone, but why don you listen to VAN; this guy is very sounds and know his stuff and has been there. A PRO would listen and take advice and make himself better for it. You are just a blowhard who thinks he knows everything. You have proven me right by being a reactionary amateur by betting 5K on a team going nowhere and no incentive to win at all on a random night in ATl where they were partying all night at the strip club. I hope you win but man you didnt stack the odds in your favor at all.
Posted:
#4718
Quote Originally Posted by vanzack:
One of the reasons I don't think CG will make it to football is hidden in your post above.
When you have to go out of your way to get 10 cent MLB lines - and that is considered to be the best you can get - that is really paddling upstream. Betting in to MLB with 10 cent lines is tough as hell. Cant imagine being able to do it.
I used to bet in to 1 cent (yes, 1 cent at MB) MLB lines. With commissions it used to work out to closer to 2 cents - but even at that - with the grind of MLB - it wasn't a sure thing.
10 cents is suicide IMO.
This kid has so much to learn its not even funny. And, it has nothing to do with his picks. The infrastructure and mind set that you have to have to do this for a living isn't even a thought it seems.
Posted:
#4722
I wont bug you anymore, CG but I have one last question. If last week and the family did not show, how much would you have bet on this game? Like you said it is your money and you dont need to justify anything to anyone beacuse you are over 21 and in the USA. I am pulling hard for you man but i still hate it because i have chased so many times and you rarely rarely win these bets. Hope this is the best monday of your life dude.
Posted:
#4723
Quote Originally Posted by vanzack:
I am not an expert in avoidance strategies with this....
I have heard people used to get paid with chips instead of cash and this would be the workaround - but I am pretty sure they wont do this anymore.
I don't know about rolling it over to new tickets. I do know when you do this they call out "multiple transaction alert" - don't know what this means - but a supervisor comes over. I am honestly not sure if they do a form at that point or not - or what the hell they do.
Scal,
no he wouldn't be able to do that. Its a transaction over the threshold and will be logged as such with his ss number. There are also no forms to fill out as the play is already on their log sheet. the more plays he makes that are logged the supervisors will get to know him and although will still have to record the info for title 31..they wont be asking for his identity as he becomes a KNOWN player
Posted:
#4724
Quote Originally Posted by JicJac:
This kid has so much to learn its not even funny. And, it has nothing to do with his picks. The infrastructure and mind set that you have to have to do this for a living isn't even a thought it seems.
I stopped betting MLB about 5 years ago. I had lost MB and Pinny at the time (I have since got them back), but I stopped about a month before they left the US market.
I left because their commission structure changed to where I think I was paying about .5 cent per bet - but they were changing it to where it would be a little over 1 cent per bet. I wrote about it extensively here at the time, and the agony of paying .5 cent more!
That .5 cent made me pack it in on MLB - probably forever. I just look at it in the context of betting in to 10 cent lines and I have to laugh - it is a different universe than I am used to. I can accept that CG is a much better pure handicapper than I am - but I cant accept the fact that he should be making MORE on every bet he makes.
That's the part that would make me not sleep at night. Not that I lost a wager, but that I didn't win enough on my winning wagers. Just a different mentality I guess - not better or worse - but I know what makes me money and profitable - and it is the pennies I can squeeze here and there. I am not good enough to find spots to bet 5k when my normal bet is 500. I need to win everything I possibly can on every dollar I risk - and that comes from getting the extra half penny when I can.
Support your local animal shelter. I am on twitter.
Posted:
#4725
Quote Originally Posted by collegegambler:
I know no1 believes me when I say this but... If the queens do get there a$$ kicked tonight I have already said to myself "I took my shot, I had to with a large play because 5 of my 6 losses in my mind were due to my family distracting me". And I just operate with my 22K new bankroll at my $500 a game. This is a SHOT I had to take tonight not bc I went 0-6 but because of how my routine was thrown off and my process I used to dominate out here first 3.5 weeks with my family now here for 5 of my 6 losses in my epic 0-6 disaster
I know no1 believes me when I say this but... If the queens do get there a$$ kicked tonight I have already said to myself "I took my shot, I had to with a large play because 5 of my 6 losses in my mind were due to my family distracting me". And I just operate with my 22K new bankroll at my $500 a game. This is a SHOT I had to take tonight not bc I went 0-6 but because of how my routine was thrown off and my process I used to dominate out here first 3.5 weeks with my family now here for 5 of my 6 losses in my epic 0-6 disaster
Well CG I was looking forward to your write-up for some unique angle as to why the Kings were the play.
After reading it I have this to say (and I swear to you I am not saying this in a sarcastic manner):
Your write-up in support of the Kings side didn't tell me....
JACK SQUAT!!!
And in honor of SNL 40, I stuffed a pillow under my shirt and moved my arms with all the intensity of Chris Farley in the 'Living in a Van down by the River' skit as I said that aloud after typing it.
As far as falling through a table face first?
I'll leave that to you when the final buzzer sounds on this one.
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