[vyomguy]

As a player, you are doing nothing wrong in depositing, placing bets and withdrawing. There is no federal law prohibiting this. State laws might vary.

As a bank, you are not supposed to process gambling transactions.

As a sportsbook, you are not supposed to use american banks for gambling transactions.

The Govt is NEVER after the players. They are always after the sportsbooks and their processors.

So, as a player you are doing nothing illegal...especially if you use non-banking methods to deposit and withdraw. So stop worrying you dumb fuks. As long as you pay your taxes on your winnings, govt doesn't give a fuk about what Joe Nobody is doing.

This is supposed to be michael jack corbin's job to tell the newbies .....john walker needs to pay me for this public service

[YorkHunt]

As a player, you are doing nothing wrong in depositing, placing bets and withdrawing. There is no federal law prohibiting this. State laws might vary. As a bank, you are not supposed to process gambling transactions. As a sportsbook, you are not supposed to use american banks for gambling transactions. The Govt is NEVER after the players. They are always after the sportsbooks and their processors. So, as a player you are doing nothing illegal...especially if you use non-banking methods to deposit and withdraw. So stop worrying you dumb fuks. As long as you pay your taxes on your winnings, govt doesn't give a fuk about what Joe Nobody is doing. This is supposed to be michael jack corbin's job to tell the newbies .....john walker needs to pay me for this public service

[pavyracer]

Walker paid you 12 points this morning. Now go to the Casino and make your dreams come true.

[King Mayan]

Don't call me a idiot, ya dig.

[Tech N9ne]

As a player, you are doing nothing wrong in depositing, placing bets and withdrawing. There is no federal law prohibiting this. State laws might vary.

As a bank, you are not supposed to process gambling transactions.

As a sportsbook, you are not supposed to use american banks for gambling transactions.

The Govt is NEVER after the players. They are always after the sportsbooks and their processors.

So, as a player you are doing nothing illegal...especially if you use non-banking methods to deposit and withdraw. So stop worrying you dumb fuks. As long as you pay your taxes on your winnings, govt doesn't give a fuk about what Joe Nobody is doing.

This is supposed to be michael jack corbin's job to tell the newbies .....john walker needs to pay me for this public service

Your right but your also wrong

Yes as long as you pay your taxes on winnings and are of legal age you are doing nothing wrong. However nobody here including you bothers to pay taxes on winnings, there might be a couple who do but the vast majority dont, therefore online gambling to most here is illegal

[FishFace5]

As a player, you are doing nothing wrong in depositing, placing bets and withdrawing. There is no federal law prohibiting this. State laws might vary. As a bank, you are not supposed to process gambling transactions. As a sportsbook, you are not supposed to use american banks for gambling transactions. The Govt is NEVER after the players. They are always after the sportsbooks and their processors. So, as a player you are doing nothing illegal...especially if you use non-banking methods to deposit and withdraw. So stop worrying you dumb fuks. As long as you pay your taxes on your winnings, govt doesn't give a fuk about what Joe Nobody is doing. This is supposed to be michael jack corbin's job to tell the newbies .....john walker needs to pay me for this public service

.....Nothing about what you said is false although saying to go ahead and just pay your taxes skips over the most outrageous part of this equation.
"pay your taxes" means forking over approx 30%+ of your winnings to the gov't. You claim to be an experienced and successful gambler, how would an extra 30% off the top affect your success?
This isnt Europe or Canada where you guys get to pay nothing or some minor lottery tax of less than 5%.

[wantitall4moi]

online gambling is basically Russian Roulette. If you win enough to make it worth your while you might not get paid, and there isnt much anyone will do about it. Even at the so called top notch books.

So regardless of the legality, the books are on a free roll with everyone who has money posted up with them.

Just look at the poker places and how they havent paid anyone, or only a few people just to try and look good.

So while it might be illegal per se, there is nothing you can do legally either.

Because if a book decides not to pay there isnt anything you can do about it. Come whine here and what will happen? Nothing, because this place doesnt have any power either. You think a book cares if it is rated A+ or F- on some website? Not hardly. If they dont have to pay out money what the hell do they care.

I suppose you could try and sue them in their country but unless it is over a million bux it isnt worth the cost to bother, and even then getting a judgement doesnt mean too much because the laws in those countries arent the same as the ones here. And even here if you get a judgement put on you in court it doesnt mean you have to pay either.

So in the end it is basically a hit or miss endeavor, you either win and get paid, win and dont get paid, or just keep depositing and have fun pissing money away. for small time guys it is Ok, but if you start getting serious money then it starts raising the chances of getting stiffed. thats just the way it is.

[ronibrown]

oh no you are calling me

[jjgold]

Betting sports is illegal in the united states except las vegas

Its pretty clear

[Glitch]

wantitall4moi, you usually have some really good insight but youre way off the mark here. these books make hundreds of thousands off being sbr a+ books. they care. People who get ripped off by an a or b book complain all the time and if their argument is valid, it is rectified/remedied. this is not a rare occurance.


if its illegal by state law its illegal. In NY, its illegal to bang a 16-year old even though different states have different ages of consent. just because federal law allows it to be legal in GA, that doesnt make it legal in NY.

[bb_skoots]

but online betting is done off-shore , so it is 99.9% legal. Also net winnings are taxable at your marginal tax rate (not 30%)*.

* ok, only net if you itemize your deductions on schedule A.

[milwaukee mike]

"state laws might vary".

that's like saying drunk driving and murder aren't illegal because the federal government won't prosecute you for it and calling people idiots for saying murder is illegal

[milwaukee mike]

but online betting is done off-shore , so it is 99.9% legal. Also net winnings are taxable at your marginal tax rate (not 30%).

this is completely untrue. EVERY BET WON IS A TAXABLE EVENT, you can't just net out your winnings and losses for the year.
winnings are taxable on page 1 of the 1040, losses are only allowable as an ITEMIZED DEDUCTION up to winnings. so if you won $5000 on a bunch of small bets throughout the year and lost $6000 the losses would only help you if you have a house (mortgage interest/real estate taxes) to push you over the standard deduction.

and in states like wisconsin, every win is taxable on the state return and the losses aren't allowed to offset.

[Deuce]

The act of transferring US currency to off shore gambling entities is indeed an illegal activity. The act of placing wagers is not.

[milwaukee mike]

online gambling is basically Russian Roulette. If you win enough to make it worth your while you might not get paid, and there isnt much anyone will do about it. Even at the so called top notch books.

So regardless of the legality, the books are on a free roll with everyone who has money posted up with them.

Just look at the poker places and how they havent paid anyone, or only a few people just to try and look good.

So while it might be illegal per se, there is nothing you can do legally either.

Because if a book decides not to pay there isnt anything you can do about it. Come whine here and what will happen? Nothing, because this place doesnt have any power either. You think a book cares if it is rated A+ or F- on some website? Not hardly. If they dont have to pay out money what the hell do they care.

I suppose you could try and sue them in their country but unless it is over a million bux it isnt worth the cost to bother, and even then getting a judgement doesnt mean too much because the laws in those countries arent the same as the ones here. And even here if you get a judgement put on you in court it doesnt mean you have to pay either.

So in the end it is basically a hit or miss endeavor, you either win and get paid, win and dont get paid, or just keep depositing and have fun pissing money away. for small time guys it is Ok, but if you start getting serious money then it starts raising the chances of getting stiffed. thats just the way it is.

name 1 person that has EVER been stiffed by a sbr A+ book. if you honestly feel this way then why in the world would you even deposit $1 online? judging by your "non-pro" status maybe you don't, in which case what the hell are you doing at an ONLINE SPORTSBOOK FORUM?

[milwaukee mike]

The act of transferring US currency to off shore gambling entities is indeed an illegal activity. The act of placing wagers is not.

um sorry but this is also wrong. here is the wisconsin statute that is quite clear

945.02 Gambling.
Whoever does any of the following is guilty of a Class B misdemeanor:
(1) Makes a bet

[Thunder Gulch]

Somebody tell me how to get the money back and forth without breaking a law.

[Vegas_bond]

online gambling is basically Russian Roulette. If you win enough to make it worth your while you might not get paid, and there isnt much anyone will do about it. Even at the so called top notch books.

You cant include the top notch guys here.

In order to keep their customers, they need to keep a reputation too.

Unless they are planning to pack.

[bb_skoots]

The act of transferring US currency to off shore gambling entities is indeed an illegal activity. The act of placing wagers is not.

What about using an off-shore middle-man in a third country to send your money for you. (Philipines or Nicarauga )

[FishFace5]

this is completely untrue. EVERY BET WON IS A TAXABLE EVENT, you can't just net out your winnings and losses for the year. winnings are taxable on page 1 of the 1040, losses are only allowable as an ITEMIZED DEDUCTION up to winnings. so if you won $5000 on a bunch of small bets throughout the year and lost $6000 the losses would only help you if you have a house (mortgage interest/real estate taxes) to push you over the standard deduction. and in states like wisconsin, every win is taxable on the state return and the losses aren't allowed to offset.

exactly. +1.
...Treating gambling winnings like standard income is ridiculous and doesnt work.
If you take 30% of the top it is impossible to win.
It would completely squash the industry if this was the tax structure agreed upon and if that is their plan for "legalizing" or "standardizing" they might as well just red flag all wagering as illegal and stop wasting time and money

[FishFace5]

What about using an off-shore middle-man in a third country to send your money for you. (Philipines or Nicarauga )

What a revolutionary idea....... its called Western. Union.

[bb_skoots]

[COLOR=#000000 !important]Somebody tell me how to get the money back and forth without breaking a law.[/color]
Use munney graham.

[Nats' Fan]

Don't care if it's legal or not. As long as there's a book willing to take my action, I'll give it..

[milwaukee mike]

Don't care if it's legal or not. As long as there's a book willing to take my action, I'll give it..

almost every person in this country breaks a bunch of laws every day. unless you only drive 55 or less in a 55mph zone...

for christ's sake, oral sex was still illegal in 18 states until 2003

so if you claim to be a "law-abiding citizen" YOU AREN'T!

[a4u2fear]

as illegal as pirating music, and that's still going strong.

[No coincidences]

vyom is sharp.

[MendozaLine]

pay taxes on your winnings

[Thunder Gulch]

[COLOR=#000000 !important]Somebody tell me how to get the money back and forth without breaking a law.[/color] Use munney graham.

That is illegal...they are starting to watch ** and **

[cobalt king]

Your right but your also wrong

Yes as long as you pay your taxes on winnings and are of legal age you are doing nothing wrong. However nobody here including you bothers to pay taxes on winnings, there might be a couple who do but the vast majority dont, therefore online gambling to most here is illegal

no one here pays taxes on winnings because we all lose more than they win

[jarvol]

Lots of dumbasses in here. Dude sending and collecting the money is the illegal part.

[Nats' Fan]

Lots of dumbasses in here. Dude sending and collecting the money is the illegal part.

Jarvol, that's not necessarily true. There are several states(5 or 6 I think), where it's not just about "sending or collecting money". In these states, it is illegal to place wagers of any kind.

[a4u2fear]

pay taxes on your winnings

Govt does nothing. You put your money at risk, win, and they deserve some of it. Good idea.

[jarvol]

Jarvol, that's not necessarily true. There are several states(5 or 6 I think), where it's not just about "sending or collecting money". In these states, it is illegal to place wagers of any kind.

Federally speaking....yes it is.

[jjgold]

If it was legal all uk books would love usa customers

[bb_skoots]

That is illegal...they are starting to watch ** and **

what is illegal about munney graham or westturn youn yun? I have never heard this. I have never heard of any small time gambler being busted for gambling off shore.