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

[daggerkobe]

So u would rather pack up and move to Vegas rather than request payout via Western Union which would take a few hours?

And what is this sports business ur referring to? Selling picks to unsuspecting college dorm crowd? That sounds like touting.

[mikeyvplays]

daggerkobe vbmenu_register("postmenu_892739", true); I had a really good eexperience with them. Plus they offer all kinds of plays and in runnings that I am looking for. The customer service was fantastic, grade SUPER fast compared to the crappy mysportsbook.com. The only thing that I didn't like was the ddeposit methods, I love that with my sportsbook I could use my checkcard do daily deposits of $2000 and not have to worry about setting up a netteller account or sending it in via western union for reload (SBG) and paying all those fees. SBG and mysportsbook were really good in the past and I mean really good. I was VERY pleased but they both just went down hill BIG TIME. The reasonI asked for Bet is because they seemed like a class act and I had experience with them so i have some trust. I am afraid to join a new book and run into some stupid problems or can't deposit the money that I want etc. That's all - No offense taken and I don't blame you with the warnings I have heard many myself and then I watch their betting patterns and I am like been there done that and YOU WILL go broke!!!

[durito]

SBG global has never been good.

They've stolen hundreds of thousands of dollars from people over the years.

[mikeyvplays]

Selling picks NO WAY!!! That is garbage! No being just like any other investment firm Fidelity, Charles Schwab etc. only making money through sports betting. Stocks and sports gambling to me is pretty much the same thing. Like I said I want investors to make money on their money and I get to use their money and make money for myself. I can't go to a bank and ask for $1 mil dollars. If I know I have a good product and can make people money ..... people will come. Gamblers like the thrill of the highs and lows so most wouldn't be interested in my product because it would be boring to them. Plus if they did invest with me and say I gave them 20% interest they would still need the high like a drug junkie and end up blowing any profits they would have made on their own. Of course at first it would just be me investing my own maoney and making a living and then taking it to the next level. There are whales all over the world that want to invest. Quick synopsis daggerkobe

[durito]

So you want to start a sports gamlbing syndicate?

I'd suggest starting off quite a bit smaller than that.

How many bets do you plan on making in a year?

[daggerkobe]

But u said you've been researching for 15 years and u never found a book that could replace Bet365 which closed it's doors to US in 2006? Hard to believe.

I'm not quite understanding your business propasal. U want people to give u large sums of money and u will "invest" them in picks? What if u lose? What if u take all the money and run off to Barbados? Sounds more like a scam than a sound business plan. Why don't u just bet ur own money and become a millionaire since ur so good?

[mikeyvplays]

I play the %'s so I would have a lot of plays during the year. Geez the past two months average with baseball, tennis and wnba I have around 250 to 300 plays a week on a $10000 bankroll betting every game to win $150. It's been wworking great. This may be a dumb question - because I would roll between $500000 to 1 mil in a week with $100000 bankroll in Vegas could I basically just live in the casino through comps. I would be very fearful of that becasue they would probably go through my room and look around but it's just a question. Also, I am going to Vegas in two weeks to do some research, how do you get comped for rooms while doing sportsbook??? or upgraded. It's only for 3 days and I will be playing my typical to win $150 a game so no Big Balling but I may turn $15000 to $20000 while I am out there. Just curious...

[mikeyvplays]

Daggerboke that is my plan - play on my own make a couple million then open up a business to make everything legit.

[durito]

Comps are for high rolling losers.

Professional sports bettors do not apply.

Vegas is hardly the panacea you seem to think it is. If you are a winning player, you will be profiled and you will have difficulty getting bets down. They do not like winners there. You go to make a $3,000 bet, they will call the manager over and he will move the line 1/2pt before taking the bet.

I'd suggest figuring out how to open accounts at Pinnacle, Betfair, etc.

[daggerkobe]

Comps are hard to come-by in Vegas. I asked once and they said $10,000 before they'd comp a buffet! Imagine what a room for one night would entail.

Anyways I don't understand why someone who claims to be so good wouldn't just mortgage their home, sell their earthly possessions and make millions by themselves. It's always some other peoples money they want to "invest".

[jjgold]

Mike is a salesman not gambler, good posting though but these guy are easy to catch

[mikeyvplays]

Not a salesman. Was just curious on comps never asked for them and I am heading out in two weeks. Really could care less. Like I saiid before I will be doing it on my own period and making my own money that was the whole point of this in the first place. Durito made a point thatreally concerns me....they don't like winners and they will start profiling and not let me get plays in. That would lead me to where I am today. I wish there was someone here that had true to live experience that could tell me. I am dead serious about going but if they start doing the things duito talks about, what the hell is the point???

[daggerkobe]

Well there's like 100 sportsbooks in Vegas so if u bet at a different one everyday no one should notice u.

[durito]

If you bet at a different one every day, you aren't getting the best #.

If you bet online, you can have 50 books available at any time without having to drive all over town line shopping.

[MrX]

From the little that I've read from you, I also have doubts about your future success, but I'll at least clear up some of the Vegas misinformation.

If you're just making your own bets, you don't have to worry much about being backed off at sportsbooks. I've been backed off at exactly one book, and that's after 3 years of limit betting.

Limits are generally lower than online, but you won't have any problem getting down 3k at a single book on major league sides.

Tax implications are negligible. Sportsbook wins will not trigger W2s (with the exception large parlay odds).

[MrX]

If you are a winning player, you will be profiled and you will have difficulty getting bets down. They do not like winners there. You go to make a $3,000 bet, they will call the manager over and he will move the line 1/2pt before taking the bet.

This is simply not true.

[durito]

This is simply not true.

Not ever?

You'd certainly know better, but I've read stories like that online a bunch of times.

[durito]

Tax implications are negligible. Sportsbook wins will not trigger W2s (with the exception large parlay odds).

But you still owe taxes on winnings regardless.

[MrX]

Durito made a point thatreally concerns me....they don't like winners and they will start profiling and not let me get plays in. That would lead me to where I am today. I wish there was someone here that had true to live experience that could tell me. I am dead serious about going but if they start doing the things duito talks about, what the hell is the point???

Here's the deal:

Making $150 plays (or $500 plays, for that matter) they will pay exactly zero attention to you, for good or for bad. You will get no valuable comps and you will attract no heat.

If you're making $3k bets, you will attract attention.

If you're making $3k bets, walking outside and talking on your cellphone, coming back multiple times, and betting at the same time others are hitting the same line all across town, you will be backed off at many books.

If you're making $3k bets in the manner of someone just playing their own picks you will run into the occasional hassle, but for the most part will be allowed to go about your business.

[MrX]

Not ever?

Ever, sure. Virtually every crappy thing a casino can do to a man has been done and will be done again.

I'm saying that it's definitely not what he should expect.

Over thousands of bets, I've had a book try to change the line after my bet (solely based on my action) exactly once.

It's happened to me twice (phone-in) offshore.

[MrX]

But you still owe taxes on winnings regardless.

Exactly.

It's exactly the same boat as betting offshore. Pay your taxes or risk the consequences.

[durito]

Ever, sure. Virtually every crappy thing a casino can do to a man has been done and will be done again.

I'm saying that it's definitely not what he should expect.

Over thousands of bets, I've had a book try to change the line after my bet (solely based on my action) exactly once.

It's happened to me twice (phone-in) offshore.

I think what I was reading about must be what you referenced before in people betting for others/sydicates, whatever.

Obviously it's not likely this guy will have many problems -- other than how quickly he loses $100,000. I was trying to talk him out of the general idea, not the vegas part.

You still couldn't pay me to live there for the summer

[MrX]

Obviously it's not likely this guy will have many problems -- other than how quickly he loses $100,000. I was trying to talk him out of the general idea, not the vegas part.

Well, I'm with you on that, I just have a compulsive need to correct all of the Vegas misinformation that is so widespread. I don't know why, I don't even like Vegas.

For sure, he should at least attempt to do the offshore gambling thing correctly before deciding that Vegas might be the answer. There are some definite advantages to being here, though.

You still couldn't pay me to live there for the summer

You are a smarter man than I.

[rm18]

Getting down on football and NBA will be no problem no mather how much you win, but you will have trouble betting more than a few hundred on a MIssouri Valley over under or somthing like that.

[mikeyvplays]

Thanks for the great info MrX. The reason I wanted to move to Vegas is I felt that I wouldn't have to deal with all these online sportsbook issues. It's funny you lose and they love you, you start winning and asking for payouts and the BS starts. I treat this like any other business and I just don't want to waste all my time dealing with customer services and hoping I get withdrawals and I don't lose all of my money. I prefer not to live in Vegas but if that is what I have to do to make my money I have no problem for a year or two and then have others conduct my business. I don't see myself wagering more than $5k on any single game. Also, maybe Mrx you could answer this, I don't want to walk around Vegas with a wad of cash, would the casino house your money and you could make bets from that?? Or do I have to bring the cash money for amy wagers?? That just doesn't sound safe?

[durito]

You are safer with your money at pinnacle than you are with it in your pocket walking around vegas.

[mikeyvplays]

Gurito I thought Pinnacle doesn't take US accounts?

[flyingillini]

Why hasn't JJ commented on this? This guy will go broke guaranteed. Why move to Vegas.. It is a terrible place to live.

[MonkeyF0cker]

Vegas has more security than Fort Knox. Carrying cash is relatively safe here. Just valet your car or take a limo/taxi and don't walk around. The casinos have safe deposit boxes that you could use, however.

[mikeyvplays]

Sorry I am new to the forum, who is JJ? Thanks for the vote of confidence and I know many have failed but I am very confident that I won't go broke. The proof in the pudding is all that counts, I believe in myself and what I have.

[mikeyvplays]

Thanks Monkey! I don't know much about Vegas except what I saw in the movies so I want to know from people that live there and have some experience. I wouldn't want to go there blind and there a ton of knowledgeable people on this site. Thanks

[flyingillini]

JJ where are you???????

[Sinister Cat]

Why move to Vegas.. It is a terrible place to live.

Can some of our vegas-dwellers set the record straight on this? Is it really *that* bad? I realize that most of Vegas itself is a shithole, but I've driven around Henderson and Summerlin a bit and they seem pretty normal, could be the suburbs of any city in the southwest.

Personally, I wouldn't want to live there, but I think there are worse places to live, right?

[Rufus]

Thanks Monkey! I don't know much about Vegas except what I saw in the movies so I want to know from people that live there and have some experience. I wouldn't want to go there blind and there a ton of knowledgeable people on this site. Thanks

Hey Mikey, I live in Vegas. I just graduated from college in Connecticut and am working for Las Vegas Sports Consultants. Message me with any questions you have. I've had similar ideas about a sports hedge fund at some point in the future, but it's really not practical with the limits I don't think.

[mikeyvplays]

Sinister trust me Vegas is not my ideal place to live but like I said earlier I am sick and tired of all the BS with the offshore accounts. Plus I am not sure if any of the offshores could handle a $100k deposit or if I would trust any with my money, especially with all the BS they pull. I want to make this a legitmate business.