Anyone you know making a living doing this in Vegas for a living?? Any concerns??

durito · 07-19-08, 04:50 PM

There are certainly people that live in vegas that bet for living, however I would say most professionals do not live there and make most if not all of their wagers online.

Why do you want to move to vegas?

mikeyvplays · 07-19-08, 04:53 PM

Interesting. Thanks for the input. I am just sick and tired of all these games these online books play. Limiting wagers, worrying about payouts, how can I deposit a large amount etc etc. I just want to spend my time handicapping games and not worrying about these BS isssue and dealing with CS all day which I have been doing wayyyyyy toooooo much of lately. The only thing I really want to avoid is thee taxes in Vegas. That will automatically chomp 40% of your profits, that's ridiculous!! I aam open to advice. Thanks again guys.

daggerkobe · 07-19-08, 04:58 PM

Sinister Cat · 07-19-08, 05:01 PM

Originally posted by mikeyvplays

The only thing I really want to avoid is thee taxes in Vegas. That will automatically chomp 40% of your profits, that's ridiculous!! I aam open to advice. Thanks again guys.

How is paying tax on your gambling profits any more or less ridiculous than paying tax on money you earn from a "real" job?

BrentCrude · 07-19-08, 05:06 PM

If you don't make it as a handicapper in Vegas,make the 6 hour drive to Hollywood and lift up your pants leg showing some skin at Schwab's Drug Store and get discovered as a pretty boy actor.The odds are about as good for each as to making it big.

Anyone addicted to free trial porn online?There must be 20 million broads in this country that pose for pocket change that all think they are going to be the next Pamella Anderson.Many are great looking and better looking than actresses that made it big but they end up in the porn heep of dismay.

So many people with pie in the sky expectations throwing hail mary desperation passes in the end zone hoping to make it big these days.

As ugly as a water buffalo Oprah Winfrey is,she had to put out to some old fart entertainment industry bigwig that looked like Allan Greenspan to get to where she is.If you ever see Oprah in a swimsuit,look close at her back and you will see all kinds of Serta and Simmon's mattress logos indented in her back like tattoos.

Vegas and Hollywood are the kind of towns like in the old west where guys that thought they were the quickest gun show up every night by the hundreds only to find out they aren't the quickest guns in the west.Maybe they were quick in Grand Island,Nebraska or someplace.

mikeyvplays · 07-19-08, 05:07 PM

I know I know plus I am in accounting. But I don't get taxed at 40% and I have a ton of write offs not sure about write-offs on this. When I go to Vegas in two weeks I am meeting with a tax guy that knows the gambling arena to figure out what I can do. Any concerns that you guys out there are aware of???? If I start kicking the casinos a** are they going to ban me? I guess I am a bit afraid of what could happen from all those damn Vegas movies I have seen. Thanks

durito · 07-19-08, 05:09 PM

1) Gambling income is taxable for United States citizens whether they live in Las Vegas or Medellin, Colombia -- this includes bets made at online sportsbooks outside the US. If you intend to do this for a living you will have to pay taxes. Do not **** with the IRS.

2) I noticed you mentioned mysportsbook.com and sbgglobal. There is a reason these books are rated D- at SBR. While they do offer +EV opportunities you may not find elsewhere -- they tend not to pay (SBG especially if you win big) people. You will not have these issues with Pinnacle, Cris, Greek, Matchbook etc. -- though they are harder to beat.

3) If you want to avoid limits and hassles from sportsbooks, stay away from vegas.

tacomax · 07-19-08, 05:11 PM

dodif lives in Vegas, bets in Vegas and due to the amazing amount of money he makes, he owns Vegas.

mikeyvplays · 07-19-08, 05:11 PM

BrentCrude I hear you and you are right. The thing is is I NEVER lost sight of my goal and I have been very confiident and believed it could be done and I am there now. You are right you treat gambling the wrong way and you will be broke as a joke, which I was because I treated it as a get rich quick scheme. THAT doesn't work. You have to treat this like any other investment or mutual fund that you have but I feeel the returns are much better. I appreciate your opinion Brent but I honestly have put in over 15 years day in and day out looking at this and sstudying this and making tons of mistakes and losing my a** but I finally wised up!! I am patient even though it is still hard as hell and I never lost focus of my goal to get the hell out of my day job!! That eats away at your soul and eats away at your life!!

englishmike · 07-19-08, 05:11 PM

Originally posted by mikeyvplays

I know I know plus I am in accounting. But I don't get taxed at 40% and I have a ton of write offs not sure about write-offs on this. When I go to Vegas in two weeks I am meeting with a tax guy that knows the gambling arena to figure out what I can do. Any concerns that you guys out there are aware of???? If I start kicking the casinos a** are they going to ban me? I guess I am a bit afraid of what could happen from all those damn Vegas movies I have seen. Thanks

I think Fantasia would probably be more upyour street than the Vegas movies.

rm18 · 07-19-08, 05:12 PM

I don't know from personal experience but i htink you will hav e alot more trouble getting doen in Vegas they will want to know you are a guest and not take big money on lesser bet things

mikeyvplays · 07-19-08, 05:15 PM

Thanks durito. Really Vegas will put the cap on you more than online sportsbooks??? I thought since it was legal out there and there are whales out there why would my $1000 - 3000 wagers matter??? I know I aactually didn't have problems with either book early on but now I see wwhy they are graded D-. Luckily I got my moneyand ran out of SBG I hope I get the same out of mysportsbook. Another crappy book.

mikeyvplays · 07-19-08, 05:19 PM

EnglishMike thanks for your opinion but many have been doubted in this universe and many have proven people wrong. I am sure people said to them the same things you are saying but guess what the persevered. But thanks for your thoughts and opinions anyway. This is an open forum. I am being serious though about my plans and I really would like to real life experiences. Thanks guys

durito · 07-19-08, 05:21 PM

What sports are you planning on betting?

Sides? Totals? Halves? Props?

daggerkobe · 07-19-08, 05:24 PM

Didn't u already pose this "question" many times on other forums?

********Tout Alarm********

BrentCrude · 07-19-08, 05:26 PM

Englishmike,find a nice sweet and innocent gal where you live and not in Vegas and go to Vegas and both learn how to make a good pizza or something and work in the restaurant industry where someday you might own your joint or something.

BeatTheJerk · 07-19-08, 05:28 PM

in 2011 internet gambling will be legal and taxed ............... it usually takes 5 years for a Bill to be overturned and it will .............. "mark my word" but in the meantime mikey if you really feel this is your destiny to follow give it a try ........... fuk it you only live once right ? if you have the means to get started with this then go for it !

mikeyvplays · 07-19-08, 05:30 PM

Tout alert??? I am not on any other forums I just asking all you guys for opinions. I am not selling anything or telling you guys what to do I just want to address some of my issues and you guys seem very knowledgeable and I am glad I found your website

englishmike · 07-19-08, 05:33 PM

Originally posted by BrentCrude

Englishmike,find a nice sweet and innocent gal where you live and not in Vegas and go to Vegas and both learn how to make a good pizza or something and work in the restaurant industry where someday you might own your joint or something.

lol Why would I want to go to Vegas to work in a pizza parlour when i could go with you and friend and make a fortune. Be careful not to get taken in a back room and beaten by the mob if you win, I've seen it in the movies.

mikeyvplays · 07-19-08, 05:35 PM

Great attitude Beatthejerk!! That is my opinion, the worst thing that happens to people is regret before they die. I don't want to have any regrets and I have spent countless hours and days studying this stuff and finding ways of winning. As like any new venture there is some fear but I just wanted to get an opion of what some roadblocks may be during my venture. What's really the worst that happens I completely F-up and I have to go back and work in some boring office bored out of my mind watching girls getting ofiice a** Great!

mikeyvplays · 07-19-08, 05:36 PM

English you should be a comic.

durito · 07-19-08, 05:52 PM

I must say I have my doubts.

You've been researching this for 15 years yet don't seem to be very familiar with the offshore betting world?

Even if you live in vegas, you should still have multiple offshore accounts to ensure that you always get the best number.

daggerkobe · 07-19-08, 05:58 PM

I'm always suspicious of new posters that brag about winning soooooo much that they've been banned from books. That's what I've seen other tout wannabes use to sucker people. Andthe fact that he referred to the touts as a "sports investment" rather than the scammer losers that they are just cemented my suspicions.

And why does someone who has done 15 years of research need anyone's help? And why are you asking about a book that pulled out the US back in 2006????? Haven't been able to find a reliable book in 2 years???? Yeah right...........

englishmike · 07-19-08, 06:01 PM

Originally posted by daggerkobe

I'm always suspicious of new posters that brag about winning soooooo much that they've been banned from books. That's what I've seen other tout wannabes use to sucker people. Andthe fact that he referred to the touts as a "sports investment" business just cemented my suspicions.

And why does someone who has done 15 years of research need anyonea help? And why are you asking about a book that pulled out the US back in 2006????? Haven't been able to find a reliable book in 2 years???? Yeah right...........

Why would anyone who has done their research think you get beaten up by the mob if you win because that's what happened in Casino or Goodfellas?

onlooker · 07-19-08, 06:03 PM

Originally posted by durito

Even if you live in vegas, you should still have multiple offshore accounts to ensure that you always get the best number.

mikeyvplays · 07-19-08, 06:07 PM

Daggerkobe - Not touting I could really care less if nobody believes me or not. Yes I have used SBG and mysportsbook, especially SBG for years. I also used a private bookie in the Cleveland area. I never said that I won those years as a matter of fact I got KILLED for most of the years. I took breaks in between to study because I lost my a** I don't know how much more honest I can be. Not that I have anything to prove but if you would like me to open a forum and post my plays for 1 month so you could see for yourself I will. Again I am regular player just like all you guys. I just have plans and I am in the infancy stage of making the move and I just wanted to get your guys' opinion on any concerns or if you know anyone that is doing this. That's all I am not trying to sell you that I am a know it all or I am God. I just thought this is an informative site and I wanted to get eexpert opinions on peoplee that have been doing this for a while.

mikeyvplays · 07-19-08, 06:10 PM

I hate the crap that you have to deal with offshore accounts. I am SO SICK OF IT!!! That's why I wanted to go to Vegas where everything is legal and I don't have to waste my time with CS reps and figuring if I will get paid, raise eyebrows by the government etc. I am tired of all that that's why I created a forum for Vegas. If the offfshore books were not such a hassle and they would legalize this stuff instead of making it worse I would be in heaven, because honestly I DON"T want to live in Vegas. But business is business for a while. I will try 5dimes or Bookmakers

accuscoresucks · 07-19-08, 06:11 PM

think tank i think this questions been asked and answerd

how many x over

people need to do more research

durito · 07-19-08, 06:14 PM

Why don't you keep your job and work this part time until you can see whether you can develop an edge.

Beating SBG global's #'s is not difficult -- getting them to not steal from you is the hard part. You wont find numbers that easy most places.

This is certainly something that can be done as a primary income, but I'm not sure you know what you are getting into.

There's a lot of good information you can find on this board. Do some research.

Do you have a good understanding of math and statistics?
Do you have a database of past stats and lines?
Have you designed and tested models?
Do you understand the kelly criterion?
Do you have money set aside to live off of?

mikeyvplays · 07-19-08, 06:14 PM

accuscoresucks vbmenu_register("postmenu_892704", true); What do you mean think tank??? For what? What question has been answered

accuscoresucks · 07-19-08, 06:17 PM

think tank is a section on the forum were people come together to discuss these types questions,and mathmatics,and all that jazz

mikeyvplays · 07-19-08, 06:18 PM

Durito-

When I go out there initially I would work part time until I get settled and do my sports business. Once I get everything in order I am jumping in. Yes I have set money aside for living otherwise this whole point would be null and void. I am very into math and I have spreadsheets upon spreadsheets of calculations, daily plays, my daily plays what is winning what I thought was winning and is really losing me money etc. Are there any concerns that I should take into consideration?? Rules, Mob (seriously) anything that I should know of. I am not joking any knowledge would help

daggerkobe · 07-19-08, 06:20 PM

If that's what u want to do go ahead cause I don't care. I'm just commenting on the fact that I've seen your "dilemma" posted on numerous boards over the years and they turn out to be scammer fraud touts. And the fact that u referred to them as sports investment brokers other than the scammers that they are tells me a lot about your true motives.

But again why did you ask about a book that pulled out 2 years ago?

durito · 07-19-08, 06:23 PM

I don't know much about vegas so sorry I can't really help there.

I can tell you that living in the US right now you will have hassles playing offshore, however those hassles are greatly reduced playing at good sportsbooks.

You cannot do this and just bet in vegas. You may find better numbers there some of the time, but all of the shops are -110/-110. You need to have a book like matchbook with reduced juice at your disposal.

For starters, I would ignore all major sports and focus on smaller markets, WNBA, CFL, MLS, Arena Football, Prop Bets, etc. Your best options for betting these will again be offshore.