Las Vegas

[rwd201]

Im interested in traveling to Vegas to bet on some nfl this season
what are the limits as far as risk and payout
can you parlay as many teams as you want
how do they payout in check or cash
is it a hassle to place a wager
please explain

[Ian]

what are the limits as far as risk and payout

For a NFL game you should be able to get down mid 5 figures on a side pretty easily. You'll have to fill out a tax form for wins over iirc 10k.

can you parlay as many teams as you want

I doubt it, but I'm not really the guy to ask.

how do they payout in check or cash

Cash. I've never had a winning ticket for more than low 4 figures, so they might have different procedures for truly huge wins.

is it a hassle to place a wager

Basically no. Just go up to the window, state the number of the game you want to bet (each bet will have a number next to it), the bet you want to make, and how much money you want to bet. For example: 4332, Browns Cardinals under 42, to win $200 at -110. Then hand the writer $220. Confirm that the ticket is correct, and don't lose it once they give it to you.

For parlays you hand the ticket writer your parlay card. If you fill out your parlay card at the window the people standing in line behind you might try to kill you.

If you bet small market stuff certain books will give you the run around or just act like assholes, but this is rare and it's definitely not something you have to worry about if you're only betting NFL.

[rwd201]

whats the limit on a parlay as far as risk or payout
do you have to be on high alert for people trying to rob your ticket or winnings or is it friendly enviroment for the most part

[djefferis]

They take multi team parlays..but screw you on payout odds.

Winnings payable in cash..never played huge winner there except for many years ago...had a boxing prop (lewis over tyson in the 8th at 20/1)..risk a grand and mailed ticket in from Ohio...they paid via check, but only likely due to the payout being fedex'd. Cash or check..the IRS will know of any win over 1199 or culmulatives Iin that amount.

Is it a friendly enviorment...inside the sportsbook..as friendly as vegas gets (friendly aint a word I would use to describe anything in vegas). Outside..the touristy areas are fine..step into a side alley downtown or most any place in N Las Vegas and youll soon discover how bad the crime is..stick to the hotels though and your fine.

[djefferis]

As to parlays..also keep in mind large tickets (risk 1k or more on 4 teamer or above or winnings of 50k or more) will likely need ok'd by mgmt.

Corellated plays may also be rejected (ie 1k on Browns +16 and browns/steelers under 36)

[poker6469]

you will love it

been out there many times,i live in phoenix so its about 3 n half hour drive .if you have cell phone you can bet on that when you are out there stations and cantor are two i know of ,when i was there at lvh super book seen guys betting 50.000 and you can get paid cash right away or check and they will also do bank wires, i quit betting online since i been going there online doesnt compare.

[rwd201]

so basicly you can't get around paying tax and you shouldnt try to
how much is tax on 10,000

also does managment have a list of whos going to win and lose or something like that

[cloverfield]

When I goto Vegas and wager on MLB Totals (like $500-1000 wagers) on the first wager I always get a look, then they call upstairs and have a brief conversation, then finally allow me to place my wager.

I'm sure they are on the lookout for beards and the like. NFL won't be so bad because I'm sure they get a lot of action on those. If you wager on the "smaller" stuff you will get a look/question for sure. The question I always get is "are you staying at this hotel sir"?.

[poker6469]

you can get more than one betting ticket 5.000 and 5.000 they dont care ,im telling you if you arent lazy its not a big deal.better than winning and then someone wants to review your account for weeks and think about a way to get out of paying you.

[djefferis]

They will monitor for players cirumventing tax reporting by all means...failure to do so is a huge violation and would get a book fined quickly...ie. betting 550 to win 500 10x in succesion.

Tax is typically 33%..and your responsibility to report..foreign players can seek expemption I think..but everyone is 1099'd...if you dont have ID/passport I believe they withold mandatory 1/3rd and give you a receipt...best to ask the book mgr though.

As to their holding a list of winners/losers...on the games themselves...no, this is not wrestling...if they knew winners in advance, they would be much more willing to take action.

If you mean winners and losing players (sharp or square)...yes, they ask if you are a member of an internet gambling site...if you answer yes, SBR, you are tagged a loser and given nicer comps.

[rwd201]

what would help me go under the radar when it comes to managment and approval as far as the way im dressed
would a plain white tee or collar polo be better

[rwd201]

can people who live in vegas have offshore book accounts totally legal since its legal to bet on sports in vegas?

[maxvalue1]

good thread...

[James D]

can people who live in vegas have offshore book accounts totally legal since its legal to bet on sports in vegas?

No.

Also to answer your earlier questions regarding NFL betting

payout limits at places like cantor gaming, Mirage wynn hilton caesars are all over six figures.
you can parlay as many teams as you want. they will happily charge you more juice then usual( unless you money line )
payout cash and they take no money out immediately unless you hit a 300-1 shot
make wager is very easy it is usually verbal to the ticket writer.....you can use betting number for team but most people do not. the pros use both to avoid errors. example

105 Detroit -5
106 jets 42

A pro or experienced gambler says I will take 105 detroit -5 2200 to win 2000

So the number correlates with the team, makes errors much much less likely

[James D]

what would help me go under the radar when it comes to managment and approval as far as the way im dressed
would a plain white tee or collar polo be better

are you kidding about your clothes?

You have to be betting big money to really be on radar. you could bet at different places lower amounts to avoid being noticed.

For instance lets say you want to bet 10k on rams at mirage and are ( for some reason) worried 10k will get you on radar. go to each of these hotels and bet 1-2k and you will get same 10k down. They all have same lines....
Mirage
MGM
excalibur
luxor
aria
bellagio
nyny

You can also do this for caesars properties and william hill properties as they have many locations also. Even though I think you are worried about nothing

One last thing, one good idea is to sit at a casino table and buy some chips, play a little and then color up a few times. Keep the casino chips dont get cash back at cage. They are different then the sports chips and if you make a large sports bet with casino chips they think you are just another casino degenerate and they give you more latitude in the sports book

[James D]

so basicly you can't get around paying tax and you shouldnt try to
how much is tax on 10,000

also does managment have a list of whos going to win and lose or something like that

100% inaccurate. I could list a handful of ways to avoid taxes. Just bet at a few shops for christ sake!! But again you dont pay the taxes now, you have to declare on income tax and they virtually never check. Not kidding, virtually never

[rwd201]

i think im triping
when nfl season comes im going to come back to reality
If not imma have all the hoes and jelwrey

[sbrhedge]

...they paid via check, but only likely due to the payout being fedex'd. Cash or check..the IRS will know of any win over 1199 or culmulatives Iin that amount.

i thought a CTR is only issued if over $10,000 cash crosses the counter in your direction?

[TheCentaur]

so basicly you can't get around paying tax and you shouldnt try to
how much is tax on 10,000

I don't know about that. i know of a guy who won a million on a parlay and bought a car to drive it back to the East coast. Didn't pay taxes either

[GimpedMaster]

Fascinating thread!

Planning on rounding up 10-20 G's or so and going in September to try my hand at football capping on the big stage, going to start a thread like this closer to then with a million questions I'm sure...

[RickySteve]

Only person in this thread with any semblance of a clue is James D and even he's not completely accurate.

[TheCentaur]

Only person in this thread with any semblance of a clue is James D and even he's not completely accurate.

Classic Prickysteve

[mr.ed]

Regarding William Hill, I was at the Plaza a couple of months ago and after several trips to the window the cashier said he would have to get my ID if I came up again as I was getting near the threshold. My question, if I left I went to a different William Hill property, would they know it was me, as I was making large wagers and each wager had to approved. I am guessing the approval came from the main office and not the Plaza itself.

[unluckysob]

good ???--like to know myself.

Regarding William Hill, I was at the Plaza a couple of months ago and after several trips to the window the cashier said he would have to get my ID if I came up again as I was getting near the threshold. My question, if I left I went to a different William Hill property, would they know it was me, as I was making large wagers and each wager had to approved. I am guessing the approval came from the main office and not the Plaza itself.

[mr.ed]

I guess it comes down to whether their set-up is sophisticated enough to plug into each individual outlet and turn on a camera to see who is making the wager. I know they have like 100 shops in Vegas, so I doubt they are camera ready in the smaller ones, but perhaps they are in the bigger shops, such as the Plaza, Riveria...etc. Inquiring minds would love to know.

[Djames2371]

I was in vegas 9 months sportsbetting,if you make a bet larger than 10k, they usually ask for id,for tax purposes that is your responsibility,most of the people who bet big like over 10k or already in the system because chances are they are table players,but now they have a list of suspected runners who they limit to one bet for 5k a day,you can bet thousands a game without a problem unless you consistently posting winners, then they come with the management approval bullshit, or ask for your id to suspect you of running

[rwd201]

If a 5 team parlay has a payout of 10,000 at 5 dimes bm etc about how much would the same parlay payout be at a random casino in vegas?

[IlIOsirisIlI]

I own that town

[jpb383]

There's no reason why you shouldn't pay taxes on your winnings.

[Grits n' Gravy]

I will make it simple for you to understand: During a casino's gaming day all cash transactions throughout the casino that aggregate to either $5000.01 or higher get you put on a MultipleTransaction Log. When aggregate cash transactions go over $10000.01 during the gaming day you will have a CTRC-N filed that requires you to provide valid ID and your ss#. If you refuse the casino will ban you until you provide the required info. They also look for people structuring bets and payouts to circumvent these rules and sometimes file a SARC report on them. You don't want that.

Bottom line, the gaming rules are in place to keep the government happy with the casinos. The casinos try to comply to keep government interference limited. Don't act like a big shot if you have a 10k bankroll. As long as you don't cause compliance headaches you'll be fine to bet.

[Scooter]

rwd201 - "what would help me go under the radar when it comes to managment and approval as far as the way im dressed
would a plain white tee or collar polo be better"


rwd201 - "does managment have a list of whos going to win and lose or something like that"

Lots of great questions!

I really don't see how you will lose!!!

The only thing I can add is to have some sharp lines ready - for example, go up to the counter, do a little jig, and shout "Yahoo, my name is Lou!".

Enjoy your trip!

[djefferis]

10k is the magic number...unless of course you raise suspicion.

Yes, sorry was wrong on the 1199 threshold for sports winnings...only 10k cash transactions require proof of ID be given..1199 is slots and VP jackpots only.

Been a while since ive played in NV and with sportsbooks there.

Dont do stupid things, tip well and no one will typically raise a flag.

[James D]

Only person in this thread with any semblance of a clue is James D and even he's not completely accurate.

I see why they call you prickly steve LOL. What did I say that was inaccurate?

[James D]

Regarding William Hill, I was at the Plaza a couple of months ago and after several trips to the window the cashier said he would have to get my ID if I came up again as I was getting near the threshold. My question, if I left I went to a different William Hill property, would they know it was me, as I was making large wagers and each wager had to approved. I am guessing the approval came from the main office and not the Plaza itself.

There are a few other william hills downtown alone. You could have walked a few casinos down and been at binions, golden gate, 4 queens, all william hill spots within 200 yards of golden gate. Very unlikely they would have known it was you. Unless you are going hotel to hotel to fire on a specific game like a MLB total, and even then maybe not.

[James D]

I guess it comes down to whether their set-up is sophisticated enough to plug into each individual outlet and turn on a camera to see who is making the wager. I know they have like 100 shops in Vegas, so I doubt they are camera ready in the smaller ones, but perhaps they are in the bigger shops, such as the Plaza, Riveria...etc. Inquiring minds would love to know.

ZERO chance of this. The casino itself would never let an outside business have sophisticated cameras like you describe in their hotel. William hill just rents space in the hotels not much different then when there is a dunkin donuts or a subway sandwich shop in the casino