Longtime lurker, my take on Matchbook, and my view on the industry

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  • tschmitt87
    SBR Rookie
    • 11-14-06
    • 43

    #1
    Longtime lurker, my take on Matchbook, and my view on the industry
    Longtime lurker who has rarely posted but will do more in the future. I have learned alot in the past 3 years just by lurking and have come along way in terms of betting. I have alot of respect for the long time posters here and the people here who are involved in the offshore industry. I wish you guys the best and keep up the good fight. I believe the future is looking brighter in the offshore industry for the US. Now on to "my take on matchbook".

    First off let me say I am in no way shape or form affiliated with matchbook. Just a bettor with an opinion.

    Some people say that there isn't alot of liquidity on some events. True. For the more exotic sports there may be a dry well so to speak for those events. But for the pro events this is far from the truth. Something that people forget to remember that with matchbook just because you don't see alot of liquidity on some lines doesn't mean there's not more there. There is. With the pro sports especially. Like on MLB totals for instance you may only "see" an average of 3k available on 1 side but once you bet that just wait maybe an hour tops and another 2k+ will be posted up. There truly is no limit at matchbook. Once you buy up all the offers that you can get simply "post up" a line if the line gets a little carried away. But just like economics 101 supply and demand will prevail. It's simple and is alot more easier than people realize. Go through the tutorials and test it out with maybe a dollar or so until you get the hang of posting up offers. I've seen people say how it looks complicated but it's easy just try it once and you will see. Some people complain about getting their limits cut with other books. Why would anyone play at a book that cuts limits, have higher juice, and are constantly getting beat by matchbook on their lines? Except for parlays and some of the "exotic" sports there is NO other book that compares to matchbook except for pinny. You money is safe and secure because they don't "lose" any money. The money is from the bettors and other books dumping off action. If you wanna get 30k+ on an MLB side or NFL spread simply post up the best offer. Post it up as soon as matchbook gets their line posted and you should have no problem getting it matched with ease if you continue to offer the best price. Say for MLB totals most books offer a limit of no more than 2k or more if your lucky. At matchbook you can simply buy up the offers until you get your quota or simply post it up. There is NO EXCUSE for not being able to get down at least 10k+ on MLB totals at matchbook. The only book that comes close to comparing to matchbook in terms of pro sports, juice, limits, and security is pinny. They even have better lines than pinnacle for most of the pro sports. Why anyone doesn't have a matchbook account is beyond me. The only thing you would need from other books are parlays and the more exotic sports. There is NO excuse for not having an account with matchbook.

    Another thing that bugs me in general about the offshore industry right now is how people complain about funding their accounts. "Oh it's too much of a hassle" or "It seems to complicated". The days of depositing with CC for every book is over. Here's a tip get off your a$$ and go ship a moneygram. It's not that hard. If you wanna get a larger amount simply do a bank wire. That's a helluva alot easier than sending 10 2k **'s. Why do people play at any books besides the best? People always b******* about withdrawal time and getting stiffed. Here's another tip. Withdraw once a month. Why the heck do you need to make a withdrawal every week? You shouldn't be playing with rent money anyways so just plan on a once a month withdrawal. Make a monthly goal and if you hit it great, take out your profit goal. But asking for a withdrawal every week is just inexcusable in most cases. Do you think the pro's with 50k+ in their accounts makes a withdrawal every wk? HECK NO! They make a goal and once they complete there "season or goal" they take out ONE big withdrawal. Books don't want to have to process some guy's $200 withdrawal request every 7 days. Pay your taxes, play with the best books, research, and you have NOTHING to worry about when it comes to the offshore industry. Your own laziness is NO excuse to be missing out on the offshore industry.

    In my opinion the ONLY books ANYBODY should be playing with to meet the critical requirements that most have to bet offshore are as follows in no particular order:

    TheGreek
    WSEX
    Matchbook
    Pinnacle (if your lucky enough)
    BetJam
    BookMaker
    5Dimes

    Why would anyone play at any other books than these guys? All these books fulfill everybody's needs. Simple have a matchbook account for totals, sides, spreads, and simply find the next best book for parlays and exotic bets.

    My Summary:
    1. Matchbook is the BEST book for US players for PRO sports and most college sports in terms of Spread, ML's, and Totals.
    2. Learn how to post up offers at Matchbook. It's easy and using an excuse such as "it's too complicated" is f'ning ignorant. Read the tutorial and ask questions. Help each other out.
    3. Play with the BEST BOOKS and do your research.
    4. CC's are not going to work anymore so get over it. **'s, bank wires, etc are easier than people realize if you stop being LAZY. Ask them if they have "other" options to deposit.
    5. Make no more than 2 withdrawals per month. Some books offer 1 FREE withdrawal per month. You will be surprised how much faster people will get paid. Less pressure on their processors means faster withdrawal times for everyone. The BEST BOOKS are NOT going to TAKE your money so stop worrying! Its ok to keep money in your account for more than a week for christ sake!
    6. Stop playing with rent money!
    7. One of the most important points. PAY YOUR TAXES!!! Its not hard and its legal!!
    8. Have some discipline. Dont bet over your head.
    9. MONEY MANAGEMENT!! Stop betting 15% of your bankroll every freakin game! Ask ganchrow for some advice on this or ask a question for vanzack. They both are very smart when it comes to bankroll management and setting goals.
    10. Have fun! Stop worrying about getting your money from these books above. You will get paid and usually in a very timely manner.

    Thats all I got for now. Sorry about the long post, had to get that off my chest. If anyone has any comments or questions please feel free to post away. I'm more than happy to discuss.

    Best of Luck,
    tschmitt
  • tschmitt87
    SBR Rookie
    • 11-14-06
    • 43

    #2
    One more thing. Interbook transfers are a must! Matchbook even has free transfers to most of the books above. Its fast and easy! Utilize it!
    Comment
    • Iwinyourmoney
      SBR Posting Legend
      • 04-18-07
      • 18368

      #3
      solid post son. Welcome
      Comment
      • tschmitt87
        SBR Rookie
        • 11-14-06
        • 43

        #4
        Originally posted by Iwinyourmoney
        solid post son. Welcome
        Thank you sir
        Comment
        • KC
          SBR MVP
          • 04-12-07
          • 1613

          #5
          well said, could not agree more
          Comment
          • flyingillini
            SBR Aristocracy
            • 12-06-06
            • 41219

            #6
            Originally posted by tschmitt87
            Longtime lurker who has rarely posted but will do more in the future. I have learned alot in the past 3 years just by lurking and have come along way in terms of betting. I have alot of respect for the long time posters here and the people here who are involved in the offshore industry. I wish you guys the best and keep up the good fight. I believe the future is looking brighter in the offshore industry for the US. Now on to "my take on matchbook".

            First off let me say I am in no way shape or form affiliated with matchbook. Just a bettor with an opinion.

            Some people say that there isn't alot of liquidity on some events. True. For the more exotic sports there may be a dry well so to speak for those events. But for the pro events this is far from the truth. Something that people forget to remember that with matchbook just because you don't see alot of liquidity on some lines doesn't mean there's not more there. There is. With the pro sports especially. Like on MLB totals for instance you may only "see" an average of 3k available on 1 side but once you bet that just wait maybe an hour tops and another 2k+ will be posted up. There truly is no limit at matchbook. Once you buy up all the offers that you can get simply "post up" a line if the line gets a little carried away. But just like economics 101 supply and demand will prevail. It's simple and is alot more easier than people realize. Go through the tutorials and test it out with maybe a dollar or so until you get the hang of posting up offers. I've seen people say how it looks complicated but it's easy just try it once and you will see. Some people complain about getting their limits cut with other books. Why would anyone play at a book that cuts limits, have higher juice, and are constantly getting beat by matchbook on their lines? Except for parlays and some of the "exotic" sports there is NO other book that compares to matchbook except for pinny. You money is safe and secure because they don't "lose" any money. The money is from the bettors and other books dumping off action. If you wanna get 30k+ on an MLB side or NFL spread simply post up the best offer. Post it up as soon as matchbook gets their line posted and you should have no problem getting it matched with ease if you continue to offer the best price. Say for MLB totals most books offer a limit of no more than 2k or more if your lucky. At matchbook you can simply buy up the offers until you get your quota or simply post it up. There is NO EXCUSE for not being able to get down at least 10k+ on MLB totals at matchbook. The only book that comes close to comparing to matchbook in terms of pro sports, juice, limits, and security is pinny. They even have better lines than pinnacle for most of the pro sports. Why anyone doesn't have a matchbook account is beyond me. The only thing you would need from other books are parlays and the more exotic sports. There is NO excuse for not having an account with matchbook.

            Another thing that bugs me in general about the offshore industry right now is how people complain about funding their accounts. "Oh it's too much of a hassle" or "It seems to complicated". The days of depositing with CC for every book is over. Here's a tip get off your a$$ and go ship a moneygram. It's not that hard. If you wanna get a larger amount simply do a bank wire. That's a helluva alot easier than sending 10 2k **'s. Why do people play at any books besides the best? People always b******* about withdrawal time and getting stiffed. Here's another tip. Withdraw once a month. Why the heck do you need to make a withdrawal every week? You shouldn't be playing with rent money anyways so just plan on a once a month withdrawal. Make a monthly goal and if you hit it great, take out your profit goal. But asking for a withdrawal every week is just inexcusable in most cases. Do you think the pro's with 50k+ in their accounts makes a withdrawal every wk? HECK NO! They make a goal and once they complete there "season or goal" they take out ONE big withdrawal. Books don't want to have to process some guy's $200 withdrawal request every 7 days. Pay your taxes, play with the best books, research, and you have NOTHING to worry about when it comes to the offshore industry. Your own laziness is NO excuse to be missing out on the offshore industry.

            In my opinion the ONLY books ANYBODY should be playing with to meet the critical requirements that most have to bet offshore are as follows in no particular order:

            TheGreek
            WSEX
            Matchbook
            Pinnacle (if your lucky enough)
            BetJam
            BookMaker
            5Dimes


            Why would anyone play at any other books than these guys? All these books fulfill everybody's needs. Simple have a matchbook account for totals, sides, spreads, and simply find the next best book for parlays and exotic bets.

            My Summary:
            1. Matchbook is the BEST book for US players for PRO sports and most college sports in terms of Spread, ML's, and Totals.
            2. Learn how to post up offers at Matchbook. It's easy and using an excuse such as "it's too complicated" is f'ning ignorant. Read the tutorial and ask questions. Help each other out.
            3. Play with the BEST BOOKS and do your research.
            4. CC's are not going to work anymore so get over it. **'s, bank wires, etc are easier than people realize if you stop being LAZY. Ask them if they have "other" options to deposit.
            5. Make no more than 2 withdrawals per month. Some books offer 1 FREE withdrawal per month. You will be surprised how much faster people will get paid. Less pressure on their processors means faster withdrawal times for everyone. The BEST BOOKS are NOT going to TAKE your money so stop worrying! Its ok to keep money in your account for more than a week for christ sake!
            6. Stop playing with rent money!
            7. One of the most important points. PAY YOUR TAXES!!! Its not hard and its legal!!
            8. Have some discipline. Dont bet over your head.
            9. MONEY MANAGEMENT!! Stop betting 15% of your bankroll every freakin game! Ask ganchrow for some advice on this or ask a question for vanzack. They both are very smart when it comes to bankroll management and setting goals.
            10. Have fun! Stop worrying about getting your money from these books above. You will get paid and usually in a very timely manner.

            Thats all I got for now. Sorry about the long post, had to get that off my chest. If anyone has any comments or questions please feel free to post away. I'm more than happy to discuss.

            Best of Luck,
            tschmitt

            I agree with a lot that you have to say, great post by the way. Heritage by far is right up there with the top though.
            המוסד‎
            המוסד למודיעין ולתפקידים מיוחדים‎
            Comment
            • vanzack
              SBR Sharp
              • 12-16-06
              • 478

              #7
              Wow, that sounds so much like something I would say I think people are going to think I created an alias to post that.

              BTW - couldnt agree more with your post - after asking questions for 10 years I still to this moment dont understand why anyone plays at a book that is not in the top 10. I hear things like "sportsbook.com wont pay me" and I just shake my head in confusion....
              Comment
              • SBR Lou
                BARRELED IN @ SBR!
                • 08-02-07
                • 37863

                #8
                What an excellent post, tschmitt87 really dove in with both feet and hit the ground running...

                Welcome to the SBR forum!
                Comment
                • pico
                  BARRELED IN @ SBR!
                  • 04-05-07
                  • 27321

                  #9
                  why would US players pay taxes? this only apply to regulated countries.

                  matchbook support sucks...if nothing goes wrong then they're fine...but something goes wrong...communication with them is a pain in the ass. when you call then 30% of the time, you can't hear the other end talking. 10% of the time, it won't even get connected. if you get connected, 60% of the time you can barely hear them talking. plus their cs is not that bright, when you ask a relative specific question, they'll give you the generic answer which doesn't help you at all.

                  oh did i mention, they screwed up one of my bankwires before and it took them 3 months to sort it out. they end up giving me 2 months worth commission free trades, but still, i don't really like them that much.

                  there are better alternatives, i like tradesports better than matchbook...i believe tradesports is more solid than MB.

                  i am not using matchbook because it is just way too much hassle. plus they try to nickle and dime you to death. 7 dollars for a regular mail? last time i checked, it cost less than a dollar for an international stamp.

                  there are better sports exchanges, i just don't like MB that much.
                  Comment
                  • SBR Lou
                    BARRELED IN @ SBR!
                    • 08-02-07
                    • 37863

                    #10
                    Originally posted by picoman
                    oh did i mention, they screwed up one of my bankwires before and it took them 3 months to sort it out.
                    I thought that was the colored lady at Bank of Americas fault?
                    Comment
                    • durito
                      SBR Posting Legend
                      • 07-03-06
                      • 13173

                      #11
                      Originally posted by picoman
                      why would US players pay taxes? this only apply to regulated countries.
                      .
                      Ah no.

                      US players most certainly owe taxes and if they don't pay them they will get in trouble with the IRS (not good)
                      Comment
                      • durito
                        SBR Posting Legend
                        • 07-03-06
                        • 13173

                        #12
                        Originally posted by picoman
                        last time i checked, it cost less than a dollar for an international stamp.
                        from and to where?

                        it cost me $8 to send a letter to the usa
                        Comment
                        • pico
                          BARRELED IN @ SBR!
                          • 04-05-07
                          • 27321

                          #13
                          Originally posted by durito
                          Ah no.

                          US players most certainly owe taxes and if they don't pay them they will get in trouble with the IRS (not good)
                          how do you report it? income is from gambling activity which is against the law.

                          if you sold some crack, do you report your profit to the irs?
                          Comment
                          • pico
                            BARRELED IN @ SBR!
                            • 04-05-07
                            • 27321

                            #14
                            Originally posted by durito
                            from and to where?

                            it cost me $8 to send a letter to the usa
                            it is a check not a package. canada to australia a letter doesn't cost $8.
                            Comment
                            • pico
                              BARRELED IN @ SBR!
                              • 04-05-07
                              • 27321

                              #15
                              Originally posted by CrazyL
                              I thought that was the colored lady at Bank of Americas fault?
                              yes it was, but it was MB's fault for having confusing information. they should dumb it down for not so bright bank employees.
                              Comment
                              • WileOut
                                SBR MVP
                                • 02-04-07
                                • 3844

                                #16
                                Originally posted by picoman
                                how do you report it? income is from gambling activity which is against the law.

                                if you sold some crack, do you report your profit to the irs?
                                internet gambling is not against the law in the US believe it or not. In some states where they have passed special laws internet gambling is against the law, but in most places it is not. There are no federal laws against it either. There are federal laws against taking a bet but not placing one. The UIGEA only applies to businesses involved with gambling money. Most states have indian owned casinos and lotteries and legal fantasy sports and horse racing. So gambling is far from illegal. The DOJ tries to make it sound like gambling is illegal for the gambler but it is not and I believe this was held up in a court of law if I'm not mistaken.
                                Comment
                                • vanzack
                                  SBR Sharp
                                  • 12-16-06
                                  • 478

                                  #17
                                  Originally posted by picoman
                                  how do you report it? income is from gambling activity which is against the law.

                                  if you sold some crack, do you report your profit to the irs?
                                  You report it on your 1040, gambling is not against the law, and yes, if you sold creack - the IRS expects you to report it.

                                  Your posts in this thread are less than remarkable.
                                  Comment
                                  • durito
                                    SBR Posting Legend
                                    • 07-03-06
                                    • 13173

                                    #18
                                    Originally posted by picoman
                                    how do you report it? income is from gambling activity which is against the law.

                                    if you sold some crack, do you report your profit to the irs?
                                    Yes absolutely.

                                    The IRS requires drug dealers, bookies, hookers, etc to pay taxes on their income and many do (others don't and go to jail for tax evasion). They do not share that information with other gov't entities.

                                    And there is nothing illegal about placing a bet, however it is most certainly illegal to win money betting and not pay your taxes.
                                    Comment
                                    • durito
                                      SBR Posting Legend
                                      • 07-03-06
                                      • 13173

                                      #19
                                      Originally posted by picoman
                                      it is a check not a package. canada to australia a letter doesn't cost $8.
                                      good for canada to australia.

                                      which one of those countries is matchbook in?

                                      if i want to send a letter to the us from anywhere in central/south america and the Caribbean it costs $5-10. If I want to make sure it actually gets there it costs $25
                                      Comment
                                      • vanzack
                                        SBR Sharp
                                        • 12-16-06
                                        • 478

                                        #20
                                        Originally posted by durito
                                        good for canada to australia.

                                        which one of those countries is matchbook in?

                                        if i want to send a letter to the us from anywhere in central/south america and the Caribbean it costs $5-10. If I want to make sure it actually gets there it costs $25

                                        And if you are paying a payment processor to create and cut a check, and then mail it, surely 8 bucks is pretty cheap.

                                        But some people would just rather pay 800 bucks in higher lines to save the 8 bucks for mail.

                                        Comment
                                        • tschmitt87
                                          SBR Rookie
                                          • 11-14-06
                                          • 43

                                          #21
                                          Originally posted by KC
                                          well said, could not agree more
                                          Thank you KC
                                          Comment
                                          • tschmitt87
                                            SBR Rookie
                                            • 11-14-06
                                            • 43

                                            #22
                                            Originally posted by vanzack
                                            Wow, that sounds so much like something I would say I think people are going to think I created an alias to post that.

                                            BTW - couldnt agree more with your post - after asking questions for 10 years I still to this moment dont understand why anyone plays at a book that is not in the top 10. I hear things like "sportsbook.com wont pay me" and I just shake my head in confusion....
                                            Lol thanks vanzack. I follow alot of your posts on this site and other forums as well. You are a very smart man. Learned alot from you.
                                            Comment
                                            • tschmitt87
                                              SBR Rookie
                                              • 11-14-06
                                              • 43

                                              #23
                                              Originally posted by CrazyL
                                              What an excellent post, tschmitt87 really dove in with both feet and hit the ground running...

                                              Welcome to the SBR forum!
                                              Thanks crazyl. The best forum I have ever been to when it comes to information.
                                              Comment
                                              • tschmitt87
                                                SBR Rookie
                                                • 11-14-06
                                                • 43

                                                #24
                                                Originally posted by picoman
                                                why would US players pay taxes? this only apply to regulated countries.

                                                matchbook support sucks...if nothing goes wrong then they're fine...but something goes wrong...communication with them is a pain in the ass. when you call then 30% of the time, you can't hear the other end talking. 10% of the time, it won't even get connected. if you get connected, 60% of the time you can barely hear them talking. plus their cs is not that bright, when you ask a relative specific question, they'll give you the generic answer which doesn't help you at all.

                                                oh did i mention, they screwed up one of my bankwires before and it took them 3 months to sort it out. they end up giving me 2 months worth commission free trades, but still, i don't really like them that much.

                                                there are better alternatives, i like tradesports better than matchbook...i believe tradesports is more solid than MB.

                                                i am not using matchbook because it is just way too much hassle. plus they try to nickle and dime you to death. 7 dollars for a regular mail? last time i checked, it cost less than a dollar for an international stamp.

                                                there are better sports exchanges, i just don't like MB that much.
                                                First let me say if you don't pay taxes you are asking for trouble. You pay taxes on gambling income! They have a separate category for it! ITS NOT ILLEGAL!!! If you have a good run at the local game and say win around 5k you simply pay taxes on it! Its not hard and your own stubbornness will get you NO WHERE when it comes to an IRS audit.

                                                Their CS is great! You email and within the next 3 hours you get a response. You go on live chat and someone is always there to help you with any problem you may have. I read about the problems they had with Bank of America and it was not their fault. Everybody has problems from BOA. SWITCH BANKS!! There are tons of them! Tradesport is nowhere near MB. MB has more liquidity hands down. Lol how do they nickle and dime you!? With their incredibly low juice!? There FREE B2B transfers!? They refund any fees you have when you send them a ** or Bank Wire in the form of commish credits. Lol I always get my money within a week or less. You cannot be serious when you say there are better exchanges than MB when it comes to US players. If you dont have a MB account you are just being stubborn and you know out. Get over the fact BOA messed up, find a different bank, swallow your pride, and get an account. Thats all im saying to you in this thread.
                                                Comment
                                                • tschmitt87
                                                  SBR Rookie
                                                  • 11-14-06
                                                  • 43

                                                  #25
                                                  Originally posted by durito
                                                  from and to where?

                                                  it cost me $8 to send a letter to the usa
                                                  Completely agree with all your posts durito.
                                                  Comment
                                                  • tschmitt87
                                                    SBR Rookie
                                                    • 11-14-06
                                                    • 43

                                                    #26
                                                    Originally posted by WileOut
                                                    internet gambling is not against the law in the US believe it or not. In some states where they have passed special laws internet gambling is against the law, but in most places it is not. There are no federal laws against it either. There are federal laws against taking a bet but not placing one. The UIGEA only applies to businesses involved with gambling money. Most states have indian owned casinos and lotteries and legal fantasy sports and horse racing. So gambling is far from illegal. The DOJ tries to make it sound like gambling is illegal for the gambler but it is not and I believe this was held up in a court of law if I'm not mistaken.
                                                    Thanks wilieout. I find it incredible how so many people believe all the horsh** that the govt throws out there when it comes to internet gambling.
                                                    Comment
                                                    • pico
                                                      BARRELED IN @ SBR!
                                                      • 04-05-07
                                                      • 27321

                                                      #27
                                                      Originally posted by vanzack
                                                      You report it on your 1040, gambling is not against the law, and yes, if you sold creack - the IRS expects you to report it.

                                                      Your posts in this thread are less than remarkable.
                                                      i remember watch a news about a guy went into the police station complaining about he got ripped off when he bought crack.

                                                      if you're in the states...outside of vegas, you're dumb enough to put gambling win/loss on your tax form. if you get audited, do you print out betting history from 5dimes?

                                                      you guys wanted to be goody goody with the tax man i know, but use some common sense.
                                                      Comment
                                                      • pico
                                                        BARRELED IN @ SBR!
                                                        • 04-05-07
                                                        • 27321

                                                        #28
                                                        Originally posted by durito
                                                        good for canada to australia.

                                                        which one of those countries is matchbook in?

                                                        if i want to send a letter to the us from anywhere in central/south america and the Caribbean it costs $5-10. If I want to make sure it actually gets there it costs $25
                                                        yes, why should a business charge you a flat rate when the cost is variable? why should people who live in the industrial countries bear the cost for sending checks to third world countries.
                                                        Comment
                                                        • tschmitt87
                                                          SBR Rookie
                                                          • 11-14-06
                                                          • 43

                                                          #29
                                                          Originally posted by vanzack
                                                          And if you are paying a payment processor to create and cut a check, and then mail it, surely 8 bucks is pretty cheap.

                                                          But some people would just rather pay 800 bucks in higher lines to save the 8 bucks for mail.

                                                          Why some people complain so much about withdrawal fees is beyond me. It costs a lot of money to cut checks through a processor with the kind of volume most books have. But if everyone will stop asking for a withdraw every f'n week and go to no more than twice a month the price will go down as will the withdraw time. $8 dollars for a check is CHEAP!! Waiting no more than a week is FAST!! Especially when you can get so much lower juice in the long run to easily make that back in a few bets. I couldn't agree with vanzack more on this issue. People are wasting their time and money if your playing with other books besides MB when it comes to spreads, totals, and ml's. The FACTS are starring you in the face.
                                                          Comment
                                                          • durito
                                                            SBR Posting Legend
                                                            • 07-03-06
                                                            • 13173

                                                            #30
                                                            Originally posted by picoman
                                                            i remember watch a news about a guy went into the police station complaining about he got ripped off when he bought crack.

                                                            if you're in the states...outside of vegas, you're dumb enough to put gambling win/loss on your tax form. if you get audited, do you print out betting history from 5dimes?

                                                            you guys wanted to be goody goody with the tax man i know, but use some common sense.
                                                            What exactly should I tell the IRS then when they ask where I got all my money?
                                                            Comment
                                                            • tschmitt87
                                                              SBR Rookie
                                                              • 11-14-06
                                                              • 43

                                                              #31
                                                              Originally posted by flyingillini
                                                              I agree with a lot that you have to say, great post by the way. Heritage by far is right up there with the top though.
                                                              Thanks illini. Never played with Heritage but I have read about them. Seem like a solid out.
                                                              Comment
                                                              • pico
                                                                BARRELED IN @ SBR!
                                                                • 04-05-07
                                                                • 27321

                                                                #32
                                                                Originally posted by tschmitt87
                                                                First let me say if you don't pay taxes you are asking for trouble. You pay taxes on gambling income! They have a separate category for it! ITS NOT ILLEGAL!!! If you have a good run at the local game and say win around 5k you simply pay taxes on it! Its not hard and your own stubbornness will get you NO WHERE when it comes to an IRS audit.

                                                                Their CS is great! You email and within the next 3 hours you get a response. You go on live chat and someone is always there to help you with any problem you may have. I read about the problems they had with Bank of America and it was not their fault. Everybody has problems from BOA. SWITCH BANKS!! There are tons of them! Tradesport is nowhere near MB. MB has more liquidity hands down. Lol how do they nickle and dime you!? With their incredibly low juice!? There FREE B2B transfers!? They refund any fees you have when you send them a ** or Bank Wire in the form of commish credits. Lol I always get my money within a week or less. You cannot be serious when you say there are better exchanges than MB when it comes to US players. If you dont have a MB account you are just being stubborn and you know out. Get over the fact BOA messed up, find a different bank, swallow your pride, and get an account. Thats all im saying to you in this thread.
                                                                book to book is not a good method. when you do book to book with pinnacle, you lose free deposit and withdraws, which will cost you about 50-70 dollars a month. BOA wire problem was a isolated incident.

                                                                i know you guys love MB, but i don't. i rather pay couple of extra cents at pinny for MLB cuz there no market for soccer, afl, rugby etc. a lot of time and hassle for couple of extra cents. for a recreational gamblers like me, MB means nothing.

                                                                turn over ratio is pretty important, you lose a lot more money waiting for checks to clear than the few extra dollars you get from couple of cents better lines.
                                                                Comment
                                                                • pico
                                                                  BARRELED IN @ SBR!
                                                                  • 04-05-07
                                                                  • 27321

                                                                  #33
                                                                  Originally posted by durito
                                                                  What exactly should I tell the IRS then when they ask where I got all my money?
                                                                  how do they know you have money when you live in a mud hut in the rain forest?

                                                                  another questions is that why would you use US banks for your gambling transcations?
                                                                  Comment
                                                                  • tschmitt87
                                                                    SBR Rookie
                                                                    • 11-14-06
                                                                    • 43

                                                                    #34
                                                                    Originally posted by picoman
                                                                    i remember watch a news about a guy went into the police station complaining about he got ripped off when he bought crack.

                                                                    if you're in the states...outside of vegas, you're dumb enough to put gambling win/loss on your tax form. if you get audited, do you print out betting history from 5dimes?

                                                                    you guys wanted to be goody goody with the tax man i know, but use some common sense.
                                                                    Lol im sorry I couldnt keep myself from responding to this. You keep a betting log! Betting on sports IS NOT ILLEGAL!! Why dont people understand this? You simply keep a log with a spreadsheet or some other form. Show them that you have all your wins and losses accounted for and that it adds up to the tally you made on your tax form. Presto! They are not going to ask anything else! There the IRS! They just want to collect taxes! They want their cut. They dont give a sh** where you got it. Al Capone was convicted on TAX EVASION. Pay your taxes and you have nothing to worry about.
                                                                    Comment
                                                                    • durito
                                                                      SBR Posting Legend
                                                                      • 07-03-06
                                                                      • 13173

                                                                      #35
                                                                      Originally posted by picoman
                                                                      how do they know you have money when you live in a mud hut in the rain forest?

                                                                      another questions is that why would you use US banks for your gambling transcations?
                                                                      No banks here in the rain forest.

                                                                      The us gov't just indicted several people on tax fraud based on bank accounts in the Caribbean and Switzerland.

                                                                      They can and will track your money anywhere. It's not that 1980's anymore.

                                                                      No one would like to not pay taxes on gambling winnings than me -- especially since I don't even live in the United States. But, I've consulted with several professionals and taken their advice.
                                                                      Comment
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