Limits in Vegas

[booker777]

Does anyone know how Vegas sportsbook maximum limits work? Can someone bet the maximum limit multiple times at the same place or once they do it they are done for that game? Can they go back the next day, etc. No, its not for me cause like most people here, I am flat broke.

[MikeTizzy]

every book in vegas has their own limits for different sports or type of bets. And if u play a max play, u can play again for another ticket at slightly more juice. Thats what golden nugget did for me. There max is only 500 so i had to play 2 tickets to win 500 and the 2nd was at like -130 or some crap, they suck and im glad i hardly lost there. These small books around Old vegas are usually like this, but the bigger books have better limits.

[booker777]

ok tks. Do you also know anything about tax witholdings. I read that if your profits are more than 5k on a wager the sportsbooks are required to withold 25% for the IRS. Does anyone know if this is true?

[Shifty]

ok tks. Do you also know anything about tax witholdings. I read that if your profits are more than 5k on a wager the sportsbooks are required to withold 25% for the IRS. Does anyone know if this is true?

It's the same as racetracks with IRS reporting. No reporting or withholding unless your payoff is 300-1 odds regardless of amount. I assume currency reports are filed if $10K cash changes hands.

[booker777]

ok tks.

[littlekona]

It's the same as racetracks with IRS reporting. No reporting or withholding unless your payoff is 300-1 odds regardless of amount. I assume currency reports are filed if $10K cash changes hands.

300-1 rule on horses has been modified based on combinations wagered so a $24 tri box now can be up to 7200$ with no IRS report