My old man just gave me 20K!

[milwaukee mike]

if you haven't been to vegas that should be #1 on every gambler's travel list and probably on every non-gambler's travel list also

[Optional]

Hoping I can go to the Australian Open.

I have a spare room.

Is your partner hot?

Does she like photography?

[Bbr]

I have a spare room. Is your partner hot? Does she like photography?

[jjgold]

Too many young kids blow everything

No understanding of the value of money

[rkelly110]

I'm sure if dad knew what you were doing with that money, he would take it back.

Vacation and a sports book?

It's tough out there job wise. Better put that money back to live on.

[hels]

I lived in Australia for 3 years and saying 'partner' or 'significant other' is quite common. I thought everyone was homo for a while.

[Bbr]

we live and we learn. I am glad there is a lot of decent advice here!

[wantitall4moi]

I would combine the first two. Go to vegas for the winter (your winter) somewhere around the start of baseball season. Find a nice but cheap short term rental until you go back to school.

Even with a modest bit of ability you would should be able to more than double your bank roll.

[ebbearsfb1]

15 k in pinnacle ... go all in... nothing will put hair on you and your "partners" peaches faster

[Bbr]

I would combine the first two. Go to vegas for the winter (your winter) somewhere around the start of baseball season. Find a nice but cheap short term rental until you go back to school. Even with a modest bit of ability you would should be able to more than double your bank roll.

Seems like a half decent idea. The only thing is that I am in no position to go for a long term/distant holiday. Need to get a job asap by Feb. I aint going back to school!!! Woooooooooooooo

[kmarinouofm]

7k savings
3k vacation (its for me and my partner)
for the advice

dude .. this is smart.. .have fun... Don't get a motorbike unless you already have a decent car that you are willing to take to work with you next year.. ... Trust me.. when you enter the real world.. and have a decent job.. you wont want to be driving around in a rape van like JJ

[Teamprofit101]

Wow, congrats!!! Enjoy that vacation

[Thunder Gulch]

Going to have to save a little for Uncle Sammy. Any gift over $13K is a taxable event.

[WvGambler]

3k to pinnacle is your worst move....much worse than a vacation.

[TheCentaur]

Rescue a bunch of animals and use the money to take care of them.

[jjgold]

3k to pinnacle is your worst move....much worse than a vacation.

Go invest the money in an apartment building Son and stop acting like your life is one big party

If you were my kid I swear if I saw this thread I would whip your bare ass until you learned the value of money

Its not about gambling and partying

BRB I can straighten you out real quick

CALL ME

[tenbas]

Make 5k for pinnacle. It is nearly not enough for safe betting (0,1% max) - but you can try.
If you know how to bet, that is.

[Marginalis]

Partner

[jjgold]

Who cares about his partner

I care about managing the kid's money

[ebbearsfb1]

Surprised no one has said it... so I will.... pictures or it didn't **** happen... and let's see some pics of this partner of yours

[wantitall4moi]

LMAO people act like 20K is some sort of large amount of money. These sort of threads really show the 'wealth' of the guys who post here I guess.

To put it in perspective. I hadnt made a bet since Aug of 08, right before I got married. I took 5K and gave it to a guy I know to place some bets in Vegas for me, and I got a couple locals and goofed around with baseball. I made 20K in about 6 weeks just for 'fun' with a small amount of cash and (to most people) a small amount of credit. One local guys shut me down by limiting my bets but even with those limits I could have made about 9K.

All we get on this site are guys talking about buying farmland somewhere for 100-500K, or guys moving millions in the stock market or buying 4 or 5 thousand shares of a 40 dollar stock. Then some kid comes on here talking about 20K and its like everyone thinks he won the lottery. It basically sheds the light on the truth.

20K in this day and age isnt enough to bother with. No matter what country youre in. "investing' it might seem like the right thing to do. But IMO betting on sports (with the right approach) is as good an investment as you can make. Betting both sides of the same games will incur risks of between .5% and 4% and in most cases get returns of 1.5% to 12%. Some even higher but those are really few and far between these days. And all those returns are compounded as in you reinvest your profits back into the 'business'. Sports is still better than the stock market for guys with minimal expectations and who just want to make a 'normal' living. But even with limited approach you can make almost double what the average US salary is. Not paying taxes makes it even better.

The problem is the approach and the mentality. Most guys dont have what it takes emotionally or upstairs to do it. Also most guys are gambling trying to make more money so they can gamble even more, rather than gambling just to make money to have and spend. Sure if youre gambling for entertainment its no big deal, but if youre gambling to make money to pay the bills it all changes. But there is a big dfference in gambling to pay the bills and using bill money to gamble.

Either way with the 4K you already have saved you could stay in Vegas 6 months on that easily, that gives you a 20K bankroll and 6 months to see if you can invest in yourself and flip that money into a meaningful amount.

[jjgold]

20K to a young kid is like 300,000 to a 50 year old especially in today's economy

[pitman]

Wish more fathers were like yours

[TheCentaur]

Wish more fathers were like yours

at ur avatar

[Cutler'sThumb]

Live it up, son.

And quit calling your woman "partner". You've been brainwashed.

He's an Aussie, and it's very normal down there to refer to your opposite sex significant other as "partner". Just a slight cultural variation (I lived down there for a few years). Nobody thinks this means same sex relationship down there, as a fully committed relationship without marriage is very common. People stateside don't realize how much of a bible thumping culture we have here, as a whole, thanks to the Evangelists.

As everyone else is saying here, bro, be careful. I knew a girl who got exactly that same amount from her dad and was eating noodles out of a microwave 4 months later. You obviously have more of a plan than she did, but caution none-the-less.

AUSSIE AUSSIE AUSSIE!!!

[Cutler'sThumb]

LMAO people act like 20K is some sort of large amount of money. These sort of threads really show the 'wealth' of the guys who post here I guess.

To put it in perspective. I hadnt made a bet since Aug of 08, right before I got married. I took 5K and gave it to a guy I know to place some bets in Vegas for me, and I got a couple locals and goofed around with baseball. I made 20K in about 6 weeks just for 'fun' with a small amount of cash and (to most people) a small amount of credit. One local guys shut me down by limiting my bets but even with those limits I could have made about 9K.

All we get on this site are guys talking about buying farmland somewhere for 100-500K, or guys moving millions in the stock market or buying 4 or 5 thousand shares of a 40 dollar stock. Then some kid comes on here talking about 20K and its like everyone thinks he won the lottery. It basically sheds the light on the truth.

20K in this day and age isnt enough to bother with. No matter what country youre in. "investing' it might seem like the right thing to do. But IMO betting on sports (with the right approach) is as good an investment as you can make. Betting both sides of the same games will incur risks of between .5% and 4% and in most cases get returns of 1.5% to 12%. Some even higher but those are really few and far between these days. And all those returns are compounded as in you reinvest your profits back into the 'business'. Sports is still better than the stock market for guys with minimal expectations and who just want to make a 'normal' living. But even with limited approach you can make almost double what the average US salary is. Not paying taxes makes it even better.

The problem is the approach and the mentality. Most guys dont have what it takes emotionally or upstairs to do it. Also most guys are gambling trying to make more money so they can gamble even more, rather than gambling just to make money to have and spend. Sure if youre gambling for entertainment its no big deal, but if youre gambling to make money to pay the bills it all changes. But there is a big dfference in gambling to pay the bills and using bill money to gamble.

Either way with the 4K you already have saved you could stay in Vegas 6 months on that easily, that gives you a 20K bankroll and 6 months to see if you can invest in yourself and flip that money into a meaningful amount.

I wouldn't disagree with this comment at all. In the right hands this amount of $ could be great leverage to generate a steady income. My only question for you is why you stopped doing it 3 years ago if you had it figured out? Too much time/attention needed? Wife shut it down or something?
I'm not getting on your case at all, I'm just curious.

[RyanLeafOfBets]

Start your Sportsbook winnings by throwing it on Providence -1 today!

[tenbas]

LMAO people act like 20K is some sort of large amount of money. These sort of threads really show the 'wealth' of the guys who post here I guess.

To put it in perspective. I hadnt made a bet since Aug of 08, right before I got married. I took 5K and gave it to a guy I know to place some bets in Vegas for me, and I got a couple locals and goofed around with baseball. I made 20K in about 6 weeks just for 'fun' with a small amount of cash and (to most people) a small amount of credit. One local guys shut me down by limiting my bets but even with those limits I could have made about 9K.

All we get on this site are guys talking about buying farmland somewhere for 100-500K, or guys moving millions in the stock market or buying 4 or 5 thousand shares of a 40 dollar stock. Then some kid comes on here talking about 20K and its like everyone thinks he won the lottery. It basically sheds the light on the truth.

20K in this day and age isnt enough to bother with. No matter what country youre in. "investing' it might seem like the right thing to do. But IMO betting on sports (with the right approach) is as good an investment as you can make. Betting both sides of the same games will incur risks of between .5% and 4% and in most cases get returns of 1.5% to 12%. Some even higher but those are really few and far between these days. And all those returns are compounded as in you reinvest your profits back into the 'business'. Sports is still better than the stock market for guys with minimal expectations and who just want to make a 'normal' living. But even with limited approach you can make almost double what the average US salary is. Not paying taxes makes it even better.

The problem is the approach and the mentality. Most guys dont have what it takes emotionally or upstairs to do it. Also most guys are gambling trying to make more money so they can gamble even more, rather than gambling just to make money to have and spend. Sure if youre gambling for entertainment its no big deal, but if youre gambling to make money to pay the bills it all changes. But there is a big dfference in gambling to pay the bills and using bill money to gamble.

Either way with the 4K you already have saved you could stay in Vegas 6 months on that easily, that gives you a 20K bankroll and 6 months to see if you can invest in yourself and flip that money into a meaningful amount.

20k is a decent - not perfect - start for a pro bettor.
I don't know on what drugs you are but not everyone is talking about millions and likewise shenanigans. And for most of the people, 20k is a lot nowadays. Not everyone is internet gazillionaire, such as yourself, for example.

Now get off that drugs and face the reality, mr. Buffet.
/facepalm

[frizzelli]

LMAO people act like 20K is some sort of large amount of money. These sort of threads really show the 'wealth' of the guys who post here I guess. To put it in perspective. I hadnt made a bet since Aug of 08, right before I got married. I took 5K and gave it to a guy I know to place some bets in Vegas for me, and I got a couple locals and goofed around with baseball. I made 20K in about 6 weeks just for 'fun' with a small amount of cash and (to most people) a small amount of credit. One local guys shut me down by limiting my bets but even with those limits I could have made about 9K. All we get on this site are guys talking about buying farmland somewhere for 100-500K, or guys moving millions in the stock market or buying 4 or 5 thousand shares of a 40 dollar stock. Then some kid comes on here talking about 20K and its like everyone thinks he won the lottery. It basically sheds the light on the truth. 20K in this day and age isnt enough to bother with. No matter what country youre in. "investing' it might seem like the right thing to do. But IMO betting on sports (with the right approach) is as good an investment as you can make. Betting both sides of the same games will incur risks of between .5% and 4% and in most cases get returns of 1.5% to 12%. Some even higher but those are really few and far between these days. And all those returns are compounded as in you reinvest your profits back into the 'business'. Sports is still better than the stock market for guys with minimal expectations and who just want to make a 'normal' living. But even with limited approach you can make almost double what the average US salary is. Not paying taxes makes it even better. The problem is the approach and the mentality. Most guys dont have what it takes emotionally or upstairs to do it. Also most guys are gambling trying to make more money so they can gamble even more, rather than gambling just to make money to have and spend. Sure if youre gambling for entertainment its no big deal, but if youre gambling to make money to pay the bills it all changes. But there is a big dfference in gambling to pay the bills and using bill money to gamble. Either way with the 4K you already have saved you could stay in Vegas 6 months on that easily, that gives you a 20K bankroll and 6 months to see if you can invest in yourself and flip that money into a meaningful amount.

This guy is full of shyt, dont listen to a word this attention whore has to say, it is a fact that this clown is a broke dyck loser.

[wantitall4moi]

I wouldn't disagree with this comment at all. In the right hands this amount of $ could be great leverage to generate a steady income. My only question for you is why you stopped doing it 3 years ago if you had it figured out? Too much time/attention needed? Wife shut it down or something?
I'm not getting on your case at all, I'm just curious.

combination of a lot of things. Internet had made gambling hard in terms of getting numbers that were slow to move or 'off' in some places. While it opened up a lot of potential bettng options at that time the defection from the U.S. market was getting into full swing. So you were left with minimal outs but the same amount of real time odds changes. So the books had the advantage big time then. Also limits were getting reduced due to lack of competition for books so they felt they could dictate their terms. It made them more financially stable and viable but less attractive for guys who were looking to make a living making bets.

Plus I had been doing it almost 10 years and was getting a little burned out. I made alot of money over that time so basically I had made my 'investments' and could retire.

That is why I say a lot of guys gamble for the wrong reasons. I cashed out with more than most guys could dream of getting from a 401K or a portfolio of diversified investments. And the beauty of it is, if I ever had the urge or desire the 'market' was still there for me to fool around with, which I did last spring.

I graduated from an ivy league school in 91, dropped out of law school in 92 and got into some easy money schemes. I got out of prison in 1998 with the same useless degree I had in 91, a felony conviction and what little bit of money I had stashed away. So it wasnt like I had a head start. I just had a brain and the common sense to use it. Growing up around criminals and con men didnt hurt. But you dont ave to be a scumbag to make money gambling on sports and you dont have to cheat people out of money t make a living. It just makes it easier for some people.

So I took what I had and moved to Vegas and started doing my thing. Internet was going well then but not until around 1999 or 2000 was it common enough to be really useful, then it took off and until maybe 2006 it was THE way to go. So while it was short lived it was a very lucrative area. the internet sensation really took hits in 07 and 08, and has been in steady decline every since. Books are still options for people with connections it s just a lot harder to move money around, especially without raising flags.

So now it is better to go somewhere where you can be into a brick and mortar shop. Australia is a gambling mecca but Vegas is sill better. Asia is the tops but about 3 times as expensive as Vegas and the criminal element there is much more pronounced. So risk versus reward isnt close.

Either way 20 k is a decent amount of money but it isnt something you can use to retire on someday unless you can maximize its full potential, which is going to require a hands on approach. As it is the Australian dollar is worth 1.02 or so right now so just exchanging it will give him a 2% bonus.

[milwaukee mike]

Going to have to save a little for Uncle Sammy. Any gift over $13K is a taxable event.

fail

1) poster lives in australia where there is no gift, estate, or inheritance taxes
2) you can give someone up to $5 million in the u.s. without it being a taxable event. you are thinking of the requirement to FILE a gift tax return, not owe taxes

[KingJD31]

your crazy fuk the vacation use that to make even more

[NYSportsGuy210]

Put it all on flirida state (-3). to cover versus notre dame this thursday and give me my cut by the weekend.

[brooks85]

here is a better idea.. go on more than one vacation

[Bbr]

Value of money? How about value of life. I don't want to die knowing I saved 20 k when I was young. 20k= Small peanuts in this day and age. Just waiting for the right job and that 20k will return pretty quickly.