Easy proof going pro is +ev even for US

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  • newguy
    SBR Hall of Famer
    • 12-27-09
    • 6100

    #1
    Easy proof going pro is +ev even for US
    Here is why going pro just makes sense even for US players:

    Cost: $200
    Tax Savings: $36 (assuming you itemize and 18% effective tax rate)
    Actual cost: $164 ($200 minus the $36 you get back on taxes)

    I would imagine most live close enough to a Target where a Target GC could be used to purchase something you would buy anyway, and that most here spend at least $60 a year on pizza:

    Target gift card = 2,950 points
    $60 pizza cards = 1,275 points
    Total points needed = 4,225 points.

    That equates to logging in 353 out of 365 days (12 points/day*353 days = 4,236 points). $160 worth of gift cards leaves you $4 short of break-even. That means, over course of a year, you need to win $4 at the casino, sportsbook, or poker tables (and if you can't be +ev at SBR poker you are not in the right place - the daily's are almost free money).
  • sweep
    SBR Posting Legend
    • 10-09-10
    • 16753

    #2
    Comment
    • LT Profits
      SBR Aristocracy
      • 10-27-06
      • 90963

      #3
      newguy is as sharp as a guillotine
      Comment
      • BetsandBeer
        SBR High Roller
        • 12-06-13
        • 220

        #4
        thats if sbr doesnt suddenly discontinue points. always risk there so not exactly +ev
        Comment
        • shaunovery
          SBR Posting Legend
          • 11-15-07
          • 18143

          #5
          Originally posted by BetsandBeer
          thats if sbr doesnt suddenly discontinue points. always risk there so not exactly +ev
          Think if sbr did discontinue points this place would be as good as denvers defense
          Comment
          • artyfudgepacker
            SBR MVP
            • 01-06-13
            • 2205

            #6
            thanks newguy .ill be turning pro soon
            Comment
            • SportsMushroom
              SBR MVP
              • 09-28-10
              • 4177

              #7
              that means you have the stress of having to log in every day and also trying to win some extra points


              and all this just to brake even? sounds to me like a chore


              if you do manage to make a profit that means you are good at gambling, so why not do that at an actual casino/sportbook for real cash instead of gift certificates?



              being an sbr pro is just like having an iphone, everyone wants it cause its 'cool' but the truth is its not worth it
              Comment
              • InTheDrink
                SBR Posting Legend
                • 11-23-09
                • 23983

                #8
                Taxes? Is that because it's a donation? I went pro before that and have used points every year to renew. Who do you pay for the donation? I thought the money goes to sbr to make the donation so it's their deduction and not yours.
                Comment
                • Ghenghis Kahn
                  SBR Posting Legend
                  • 01-02-12
                  • 19734

                  #9
                  newguy let me borrow 3000 points. i'll give it back to you in 250 days. thanks pal.
                  Comment
                  • Vegas39
                    BARRELED IN @ SBR!
                    • 09-22-11
                    • 30686

                    #10
                    Originally posted by InTheDrink
                    Taxes? Is that because it's a donation? I went pro before that and have used points every year to renew. Who do you pay for the donation? I thought the money goes to sbr to make the donation so it's their deduction and not yours.

                    No link takes you to the charities site to make donation
                    Comment
                    • InTheDrink
                      SBR Posting Legend
                      • 11-23-09
                      • 23983

                      #11
                      Originally posted by Vegas39
                      No link takes you to the charities site to make donation
                      Gotcha. Thanks pal. I never knew that.
                      Comment
                      • newguy
                        SBR Hall of Famer
                        • 12-27-09
                        • 6100

                        #12
                        Originally posted by SportsMushroom
                        that means you have the stress of having to log in every day and also trying to win some extra points


                        and all this just to brake even? sounds to me like a chore


                        if you do manage to make a profit that means you are good at gambling, so why not do that at an actual casino/sportbook for real cash instead of gift certificates?



                        being an sbr pro is just like have an iphone, everyone wants it cause its 'cool' but the truth is its not worth it
                        Stress = during morning deuce surf to sbr = no stress at all. 12 seconds of multi-tasking and done for day.

                        As for the break even - its at worst a break-even - place in BTP (either top 20 where there is cash or even the weekly point prizes), win in the superbowl squares pools, or any of the other free contests they have and you are way +ev. Add in the trivia where at least 10 points is easy every week, so even if you never rolled the dice and went for 60 or 175, you should be able to get another $20 value out of trivia alone.

                        All of that doesn't require you to put a single point at risk. If you aren't able to break-even on the gambling meaning you lose money every year, think of it as a much better use of that $200 you would have lost anyway. You can gamble at least $200 worth of points but a good cause got the benefit of that money instead of one of the books.

                        You can't put a price on how good you feel helping out others right??
                        Comment
                        • InTheDrink
                          SBR Posting Legend
                          • 11-23-09
                          • 23983

                          #13
                          Lol @ stress of having to log in

                          Jesus Christ even if you miss a couple bucks and you lose $5 on the deal who fukkin cares

                          One thing op left out was that the point renewal continues to make it more and more +ev with every year you renew using points.
                          Comment
                          • pavyracer
                            SBR Aristocracy
                            • 04-12-07
                            • 82839

                            #14
                            It's a good deal. But it's not a bad deal either if you are a non-pro. When I'm Pro I feel immense pressure to keep growing my points balance whereas when I'm a non-pro I don't give a shit.
                            Comment
                            • Ballerholic
                              SBR MVP
                              • 01-16-13
                              • 2767

                              #15
                              going pro soon, but for free
                              Comment
                              • InTheDrink
                                SBR Posting Legend
                                • 11-23-09
                                • 23983

                                #16
                                Damn I never realized how pressure packed this place is

                                I'm nervous now just being on here

                                Comment
                                • newguy
                                  SBR Hall of Famer
                                  • 12-27-09
                                  • 6100

                                  #17
                                  Originally posted by InTheDrink
                                  One thing op left out was that the point renewal continues to make it more and more +ev with every year you renew using points.
                                  I was going to talk about that but then you get into time value of return of that money and all. Obviously you clear more than 3,000 points a year just by logging in so you could go pro every year just on that and have free swings at all the contests - but didn't because I didn't want to get into discussion about how long that could take to actually break-even.
                                  Comment
                                  • SportsMushroom
                                    SBR MVP
                                    • 09-28-10
                                    • 4177

                                    #18
                                    Originally posted by InTheDrink
                                    Damn I never realized how pressure packed this place is

                                    I'm nervous now just being on here


                                    i dont come to sbr every day, just when im bored and just need something to fill my time with

                                    why would i put myself in the situation were i need to come to sbr every day to collect points? that sounds ridiculous to me

                                    why would you want the daily grind of trying to turn a profit on an sbr membership
                                    Comment
                                    • Vegas39
                                      BARRELED IN @ SBR!
                                      • 09-22-11
                                      • 30686

                                      #19
                                      Originally posted by SportsMushroom
                                      i dont come to sbr every day, just when im bored and just need something to fill my time with

                                      why would i put myself in the situation were i need to come to sbr every day to collect points? that sounds ridiculous to me

                                      why would you want the daily grind of trying to turn a profit on an sbr membership

                                      Takes 10 seconds to log in. Hell gonna assume you have a phone with internet access . Not the huge chore you're making it out to be
                                      Comment
                                      • InTheDrink
                                        SBR Posting Legend
                                        • 11-23-09
                                        • 23983

                                        #20
                                        Originally posted by SportsMushroom
                                        i dont come to sbr every day, just when im bored and just need something to fill my time with

                                        why would i put myself in the situation were i need to come to sbr every day to collect points? that sounds ridiculous to me

                                        why would you want the daily grind of trying to turn a profit on an sbr membership
                                        I'm not the guey who badgers people about being pro like some others so if it doesn't work for you then you're probably best not doing it. For someone who is here most days then it's a no brainer.

                                        Anyway I piss away a lot more than $200 on dumb shit all the time so even if I lost a few bucks out if the deal I'm not gonna give a shit about it. I just wouldn't spend any more into it.

                                        The idea of pressure just sounds funny to me.
                                        Comment
                                        • pulledclear
                                          SBR Hall of Famer
                                          • 02-19-12
                                          • 6684

                                          #21
                                          PHHHHHHHHHHHHHHHHHHHHHHHHHT! Fart noise.
                                          Comment
                                          • pulledclear
                                            SBR Hall of Famer
                                            • 02-19-12
                                            • 6684

                                            #22
                                            Dead as a hammer.
                                            Comment
                                            • ParlayininHTown
                                              SBR Hall of Famer
                                              • 06-27-10
                                              • 7561

                                              #23
                                              Why does it matter either way?

                                              If you want to go pro, go pro.

                                              If you don't, don't.

                                              Even broke-dikk fukks can find $200 to throw at this place if they want to be pro bad enough.
                                              Comment
                                              • trytrytry
                                                SBR Posting Legend
                                                • 03-13-06
                                                • 23650

                                                #24
                                                Originally posted by artyfudgepacker
                                                thanks newguy .ill be turning pro soon

                                                arty, good to hear

                                                if you do turn pro in the next 33 days let me know. post it in the POINTs FORUM and Ill give ya 333 points!
                                                Comment
                                                • InTheDrink
                                                  SBR Posting Legend
                                                  • 11-23-09
                                                  • 23983

                                                  #25
                                                  Parlayer gets it

                                                  Parlayer I hope things are going your way pal
                                                  Comment
                                                  • Triple_D_Bet
                                                    SBR Hall of Famer
                                                    • 12-12-11
                                                    • 7626

                                                    #26
                                                    As mentioned above and previously, goin pro isn't an obvious +EV move anymore; as shown by newguy, you need to put time in to be able to break even. Everyone assigns a different value to their time, but even if you crush poker, it's far from what most people would consider profitable based on time put in.

                                                    Same old story: if you enjoy as a hobby and spend time here anyways, going pro makes sense. If not, then not.
                                                    Comment
                                                    • pavyracer
                                                      SBR Aristocracy
                                                      • 04-12-07
                                                      • 82839

                                                      #27
                                                      I have noticed that after you renew for SBR Pro you get more bad beats on SBR Poker. Could be a software glitch.
                                                      Comment
                                                      • BiTeMe UsAdOj
                                                        SBR Hall of Famer
                                                        • 08-18-11
                                                        • 7537

                                                        #28
                                                        Originally posted by pavyracer
                                                        I have noticed that after you renew for SBR Pro you get more bad beats on SBR Poker. Could be a software glitch.
                                                        pavy ya GOTTA be closing in on your 5 millionth SBR poker hand

                                                        Post it here when ya do and I'll give ya a prize
                                                        Comment
                                                        • winterice
                                                          SBR Rookie
                                                          • 12-13-13
                                                          • 38

                                                          #29
                                                          My go pro soon after reading positives.
                                                          Comment
                                                          • Boner_18
                                                            SBR Hall of Famer
                                                            • 08-24-08
                                                            • 8301

                                                            #30
                                                            Charitable donation needs to be less the fair value received. For example, pay $2000 for a benefit dinner you deduct (2000 - cost of dinner - cost of anything else received). Since you've already shown the fair value received is AT LEAST $160, deducting $200 = tax fraud.

                                                            Tax fraud is not +ev.
                                                            Comment
                                                            • SoCalFisher
                                                              SBR Wise Guy
                                                              • 01-22-09
                                                              • 769

                                                              #31
                                                              Originally posted by newguy
                                                              Here is why going pro just makes sense even for US players:

                                                              Cost: $200
                                                              Tax Savings: $36 (assuming you itemize and 18% effective tax rate)
                                                              Actual cost: $164 ($200 minus the $36 you get back on taxes)

                                                              I would imagine most live close enough to a Target where a Target GC could be used to purchase something you would buy anyway, and that most here spend at least $60 a year on pizza:

                                                              Target gift card = 2,950 points
                                                              $60 pizza cards = 1,275 points
                                                              Total points needed = 4,225 points.

                                                              That equates to logging in 353 out of 365 days (12 points/day*353 days = 4,236 points). $160 worth of gift cards leaves you $4 short of break-even. That means, over course of a year, you need to win $4 at the casino, sportsbook, or poker tables (and if you can't be +ev at SBR poker you are not in the right place - the daily's are almost free money).
                                                              this makes me think I should go pro,geez wtf have I not done this sooner.

                                                              Try3 is your offer good for all, or is fudge packer the only lucky one?
                                                              Comment
                                                              • nikossf
                                                                SBR MVP
                                                                • 03-02-10
                                                                • 2217

                                                                #32
                                                                Originally posted by newguy
                                                                Here is why going pro just makes sense even for US players:

                                                                Cost: $200
                                                                Tax Savings: $36 (assuming you itemize and 18% effective tax rate)
                                                                Actual cost: $164 ($200 minus the $36 you get back on taxes)

                                                                I would imagine most live close enough to a Target where a Target GC could be used to purchase something you would buy anyway, and that most here spend at least $60 a year on pizza:

                                                                Target gift card = 2,950 points
                                                                $60 pizza cards = 1,275 points
                                                                Total points needed = 4,225 points.

                                                                That equates to logging in 353 out of 365 days (12 points/day*353 days = 4,236 points). $160 worth of gift cards leaves you $4 short of break-even. That means, over course of a year, you need to win $4 at the casino, sportsbook, or poker tables (and if you can't be +ev at SBR poker you are not in the right place - the daily's are almost free money).


                                                                So your saying if I logged in and out every day for almost 10 years I can get a 55" inch Samsung Tv for free?
                                                                Nice... I have a chance! Ummm.. SBR please leave the Tv offer the same amount of points for the next 10 years.
                                                                I'll be back...
                                                                Comment
                                                                • killawookie
                                                                  SBR MVP
                                                                  • 12-25-09
                                                                  • 3457

                                                                  #33
                                                                  My offers are still not loading... haven't been working for a good part of this year.. though I haven't been in a rush TBH. Wish the FanDuel/DraftStreet offers came back
                                                                  Comment
                                                                  • Deuce
                                                                    BARRELED IN @ SBR!
                                                                    • 01-12-08
                                                                    • 29843

                                                                    #34
                                                                    Decent deal if item costs don't change quarterly.
                                                                    Comment
                                                                    • Bosseman22
                                                                      SBR Sharp
                                                                      • 09-30-09
                                                                      • 286

                                                                      #35
                                                                      everyone takes a standard 500 deduction for charity anything over that they start asking for reciepts,so if this is your only charitable donation it don't mean squat
                                                                      Comment
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