LV Sportsbook ???

[LVBOUND]

I got a few questions about LV Sportsbooks

#1) Can you buy points?? I am not looking for 3 4 or 5 just like a point to a point in a half? ON NFL NCAAF

#2) If I make 20 plays at at an avg risk of 275 to win 250 thats 5500 out of my pocket. Hopefully a book will take that..... Here is the qustion however. If I go lets say 11-9, my return would be (11*(275+250) = 5775. When I return to collect my winnings it will look like i was a (11*250) 2750 winner, when in all actuality I was a 275 winner. How does this work so you do not get taxed at the 2750? or do they tax you on the 275 or do they tax you on the 5775????

When I say tax I mean do I have they track it and report it to IRS?
Matt

[Justin7]

If you win 250, or 2500, they won't bat an eye. Some books take 5k a pop on NCAAF.

If you win at gambling, you owe taxes. Vegas books won't report it unless you are playing parlays with odds >300:1... But you owe on winnings whether or not they report it.

[LVBOUND]

I hope this is true, however I read somewhere that any transaction over 3000 was recorded?

who here is from Vegas and bets at the window each week? Thats who I need a answer from?

If you know anybody from Vegas that players alot please leave their name for me.


Matt

[pimike]

I hope this is true, however I read somewhere that any transaction over 3000 was recorded?

who here is from Vegas and bets at the window each week? Thats who I need a answer from?

If you know anybody from Vegas that players alot please leave their name for me.


Matt

Justin is correct and he knows just as well as any residents. He gave you correct info.

The only way thewrite your info down is if you collect more than 10 dimes, which includes your wager. Or if they give you chips you will then have a problem at the cashiers cage. Don't take chips.

[LVBOUND]

OK I got one last question lets say the following.


I bet 25 games with an avg of 330 to win 300 thats 8250.

Now I have a good week and go 16-9 that 16 * (330+300) = 10080


so I break 10K since I have 16 winning tickets I can spread them out throughout the weekend day cashing them right?


Also if I cash a 630 winning ticket and make two plays for the following week at 250 a piece so I only get 130 back that would not raise eyebrows would it?


Matt

[durito]

Raise eyebrows?

You can win whatever you want. Vegas doesn't care. If you win .01 you have a tax liability to the IRS.

If you are trying to cheat on your taxes, I'd suggest not.

[james4512]

dont be so worried about the taxes unless your planning on going there for an extended peroid of time. Winning a thousand or whatever will never get back to you and you can just as easily say you lost. And once you have a winning ticket you can cash it at any time

[themajormt]

LV, you are asking TAX questions, and those are between you ans the IRS... Vegas is not interested in that unless you hit a jackpot on a slot or in a poker tourney. My uncle cashed a $13k SB ticket 3 years ago and they didnt say a damn thing besides "how do you want it?"