1. #1
    chiefsfan
    chiefsfan's Avatar Become A Pro!
    Join Date: 09-16-11
    Posts: 10

    Sportsbook Advice for a Missouri Resident

    I'm needing some advice from any of you out there who have some experience in this area. I've been a horse player for about 5 years now. Only problem is that I live in this great state of Missouri that doesn't allow for online horse betting. Other than the few times a year I make it to Oaklawn Park or Churchill Downs, I never get to bet. I also have a small OTB in an Indian casino about 100 miles away that I make it to occasionally.

    Now, finally to my question. I'm trying to get into the betting aspect a bit more serious and believe I can make some money doing it. I've been following my bets (fake) for months now and have turned a good profit. Now I'm not talking on doing the pipe dream and quitting my day job to become a professional horse bettor, but I would like to do it more on a regular basis to see if I can build a bankroll to maybe one day make that a reality.

    How do I do this legally online? Or somewhat legally with loopholes? Sites such as TVG, Twinspires, YouBet, etc. won't take my bets being a Missouri resident and I don't know about going the offshore route. I'm also worried about the tax aspect of it. I know I wouldn't need to worry about that now but if the time came where I did this on a much regular basis, I know you can't report your winnings from an offshore account. Any advice on how I can navigate through this would be appreciated. Thanks!
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  2. #2
    bigboydan
    bigboydan's Avatar Become A Pro!
    Join Date: 08-10-05
    Posts: 55,425

    I reside in Mo. sir and even though I have the luxury of going over to the OTB in IL. I find it much easier to just place my wagers online using some of these books I've listed below.

    5Dimes (SBR Rated A+)
    Bookmaker (SBR Rated A+)
    Bodog (SBR Rated A)
    BetIslands (SBR Rated B-)
    DSI (SBR Rated A+)
    Legends (SBR Rated A+)
    Heritage (SBR Rated B+)

    Now as far as the tax stuff goes. That would be something you will have to take up with your account in regards to the way your winnings because you can also deduct your losses.

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