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Moving to Vegas to become a full time pro handicapper

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Legend
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Posted: #5901
Quote Originally Posted by mbialowas:



This was a big no no with the IRS back a couple years ago. Has this changed recently, if so I will have to check this out

Not sure what you consider a no-no with the IRS.

The IRS expects you to pay taxes on your income, regardless of where you earn it.  It makes no difference to the IRS. 

The no no with the IRS is hiding income.  And if that includes a foreign residence - it is still hiding income.  If you don't hide income, and declare your earnings - what could possibly be a no-no??

Support your local animal shelter. I am on twitter.
 
Legend
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Posted: #5902

Quote Originally Posted by RodWoman:

  You don't have to explain yourself to morons!!  AKV admits he knows nothing about basketball, and you're justifying yourself to him?  You pick at 60% rate, Scalabrine 40%!!  AKV, who knows.  Scalabrine says AKV is best on here so maybe he's at 45%.  But's it's demeaning to keep explaining to guys who can't pick their nose what you're plan is. 

And yet he is down money.

(answered in true RW style)

 

Support your local animal shelter. I am on twitter.
 
Veteran
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Posts: 1472
Posted: #5903
Quote Originally Posted by bk1374:


The bottom line is, the worse the price you get, the less you are winning.  So even if you win every bet, you are still costing yourself $$$ to your bottom line if you are getting poor prices on your wagers.

Player A bets every wager at (-110) ...and....

Player B bets every wager at (-105)

They each make 20 wagers and win them all.  Player B is going to win more, relative to what he risked, than player A.  That's the point Van (and others) have been trying to make for a couple months now.
He is going to win more relative to what he risked, but he's not going to have more money in his pocket.  But obviously, there is a huge difference, based on what vig you pay, if you don't win 'em all!!
 
Hall of Fame
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Posted: #5904
sorry CG, your math is flawed bigtime.  Just because you are hitting near 60 percent on 370 plays, that does not mean you will hit the same percentage on the next 370 plays.  That is pure dreaming
 
Prospect
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Posted: #5905
Quote Originally Posted by rangerz2478:


This is the ultimate loser response right here. 


How is this the ultimate loser response?
 
All-Star
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Posted: #5906
Quote Originally Posted by cd329:

sorry CG, your math is flawed bigtime.  Just because you are hitting near 60 percent on 370 plays, that does not mean you will hit the same percentage on the next 370 plays.  That is pure dreaming

He's not going to hit 60% lol.
 
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Posted: #5907
I won the last 18 out of 20 superbowl bets, so that means i will win the next 18 out of 20 superbowl bets,lmfaooooooooooo
 
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Posted: #5908
Quote Originally Posted by Laroja:


He's not going to hit 60% lol.



no kidding.  The best in the world hope to hit 54-55 percent, sometimes less
 
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Posted: #5909
Quote Originally Posted by vanzack:

And yet he is down money.

(answered in true RW style)

 

  He's been there a month.  Is it over?  I would give 5k to charity if you lose your bet!!
 
Legend
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Posted: #5910

Quote Originally Posted by RodWoman:

  He's been there a month.  Is it over?  I would give 5k to charity if you lose your bet!!

You are officially on the "too dumb to respond to" list.

Support your local animal shelter. I am on twitter.
 
Veteran
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Posts: 2510
Posted: #5911
I should have known an epic thread like this would eventually merge with the idiotic "only losers pay the vig" crap you see around here.

If you think "only losers pay the vig" you should stop betting - you just have no understanding of what you are doing.  Winners pay the vig.  


 
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Posts: 16192
Posted: #5912
WOLVERINES in a total rout babbbby. Let's go Louisville in which a cover would be an epic turn around after my 0-8 run and Mondays debacle
 
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Posts: 1665
Posted: #5913
Scam keep dropping your MUSHdom in here. You clueless fukk u
 
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Posted: #5914
Scal * scam same difference. Great break down on this game pal hahahaha
 
Prospect
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Posted: #5915
How do winners pay vig?


 
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Posts: 2341
Posted: #5916
scal, the guys changed their minds.  they want the blonde wig and the black dildooo.
 
Veteran
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Posts: 1472
Posted: #5917
Quote Originally Posted by vanzack:

You are officially on the "too dumb to respond to" list.

  And you, AKV, are a genius in your own mind.  Make it 10k.
 
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Posted: #5918
Champ keep riding my plays. It's time for a big run I am resilient as Fuckk
 
Veteran
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Posted: #5919
Quote Originally Posted by Ballerholic:

How do winners pay vig?



This has been discussed here at length.  Use the search function if you are interested.
 
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Posted: #5920
Quote Originally Posted by vanzack:

Not sure what you consider a no-no with the IRS.

The IRS expects you to pay taxes on your income, regardless of where you earn it.  It makes no difference to the IRS. 

The no no with the IRS is hiding income.  And if that includes a foreign residence - it is still hiding income.  If you don't hide income, and declare your earnings - what could possibly be a no-no??


The big no no was the gentleman telling me bluntly it was illegal. I will now have to look into this Van as it seems like things have changed. 
 
Legend
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Posted: #5921
Quote Originally Posted by mbialowas:


The big no no was the gentleman telling me bluntly it was illegal. I will now have to look into this Van as it seems like things have changed. 

Im curious.  What was "illegal"?  Which part?

Support your local animal shelter. I am on twitter.
 
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Posted: #5922
Quote Originally Posted by Ballerholic:

How do winners pay vig?



You need a new hobby.
 
Prospect
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Posts: 68
Posted: #5923
Hey College,
Why dont you set up account at multiple locations? 
That way you dont have to run around town chasing the best lines? 
 
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Posts: 28221
Posted: #5924
Quote Originally Posted by collegegambler:

Scal over 370 bets now NCAA nba and nfl and I hit near 60%. My sample size is huge. Michigan rolling and the Illinois brick layers holding true to form just like I said. For the millionth time my idiotic 5.5K bet is why I'm down. But I am good enough to even overcome that in only 3-4 days

I wrote that I expect a 1-1 day between these two bets. Whether you win early or late is irrelevant.

This is actually the first time in several days you will not be in a hole to start the day.
 
 
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Posted: #5925
Quote Originally Posted by vanzack:

Im curious.  What was "illegal"?  Which part?


No idea which "part", I am  not an expert on the subject that's why I'm going to be looking into this. My accountant, is who I  listen to when it comes to tax time. Not disagreeing on anything,  I will have to look into this.

So you pay the US tax man on income made in a foreign country?
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