Re: Relocate to Vegas for sportsbetting

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • princecharles
    SBR Wise Guy
    • 11-22-10
    • 827

    #1
    Re: Relocate to Vegas for sportsbetting
    I see posts creep up now with greater frequency extolling the wisdom of moving to Vegas and dumping off shore bookies.
    For other than straight sides and totals, I don't get it. Last time I was there I must have checked out a dozen casino books trying to find an MLB alternate line, to no avail.
    For prop players and even lines like halftime team totals is Vegas a tough sell, and if not where's the best book there for a more 'offshore' selection of wagers?
  • brettels
    SBR MVP
    • 11-04-10
    • 3376

    #2
    would have to go further than vegas, all the way to australia.
    Comment
    • Tomato
      SBR MVP
      • 01-29-09
      • 1251

      #3
      Originally posted by princecharles
      I see posts creep up now with greater frequency extolling the wisdom of moving to Vegas and dumping off shore bookies.
      For other than straight sides and totals, I don't get it. Last time I was there I must have checked out a dozen casino books trying to find an MLB alternate line, to no avail.
      For prop players and even lines like halftime team totals is Vegas a tough sell, and if not where's the best book there for a more 'offshore' selection of wagers?
      Hilton is the only book that comes close and they don't offer nearly as much as what offshore books offer in terms of soccer.
      Comment
      • Pride
        SBR MVP
        • 04-12-10
        • 4238

        #4
        how many times have you been up big at a book but lost it all back?

        vegas that shit doesnt happen because the money is instantly in your hand.
        Comment
        • princecharles
          SBR Wise Guy
          • 11-22-10
          • 827

          #5
          Originally posted by Pride
          how many times have you been up big at a book but lost it all back?

          vegas that shit doesnt happen because the money is instantly in your hand.
          Personal discipline aside, point is still if The Hilton is as 'plentiful a selection of off mainstream wagers' available, then what's the point?

          Again this is not directed at the straight sides and totals, but simple props we take for granted at off shores.
          Comment
          • Counterfeit Cash
            SBR Wise Guy
            • 01-03-11
            • 668

            #6
            If it means guaranteed money on winnings (sans the tax) I'll take my chances in Vegas any day of the week over the offshore option, but that said a solid offshore book is well worth it's weight in gold.
            Comment
            • mrmarket
              SBR MVP
              • 01-26-10
              • 4953

              #7
              Anyone who moves to vegas to bet sports full time is foolish when viable alternatives exist.
              Comment
              • sportstrader88
                SBR Hustler
                • 04-21-11
                • 62

                #8
                Why relocate to Vegas? Americans should relocate to anywhere outside America so you can use Pinny, Betfair, Matchbook and SBO
                Comment
                • Waterstpub87
                  SBR MVP
                  • 09-09-09
                  • 4102

                  #9
                  If I was going to move anywhere to bet fulltime, it would be Toronto. Free access to all the big name books, and not very far.
                  Comment
                  • helpplease
                    SBR High Roller
                    • 03-03-12
                    • 129

                    #10
                    I have a question .. are vegas odds -110 -110 ?! also if u win in vegas .. do u get ur full winnings ?! or are u taxed on it .. how does it work exactly .. if anyone can share some insight I'd be much appreciated thanx
                    Comment
                    • NunyaBidness
                      SBR Hall of Famer
                      • 07-26-09
                      • 9345

                      #11
                      Originally posted by helpplease
                      I have a question .. are vegas odds -110 -110 ?! also if u win in vegas .. do u get ur full winnings ?! or are u taxed on it .. how does it work exactly .. if anyone can share some insight I'd be much appreciated thanx
                      Usually -110 lines.

                      You are not taxed on your winnings at the counter, although Americans are required to pay taxes on their gambling winnings anyway. If your payout is too large they'll fill out a CTR, so ask to be paid in chips.

                      Aren't I nice and helpful?
                      Comment
                      • helpplease
                        SBR High Roller
                        • 03-03-12
                        • 129

                        #12
                        Originally posted by NunyaBidness
                        Usually -110 lines.

                        You are not taxed on your winnings at the counter, although Americans are required to pay taxes on their gambling winnings anyway. If your payout is too large they'll fill out a CTR, so ask to be paid in chips.

                        Aren't I nice and helpful?
                        yesh u are my little love bug .. lol thanx m8
                        Comment
                        • MonkeyF0cker
                          SBR Posting Legend
                          • 06-12-07
                          • 12144

                          #13
                          You get your full winnings. You need to file a W2G for parlays/horse exotics that pay over 300/1 and $600 or a CTR (which is just a filing with the IRS) for any transactions over $10k. They may withhold for the W2G but you can request that it not be withheld.
                          Comment
                          • princecharles
                            SBR Wise Guy
                            • 11-22-10
                            • 827

                            #14
                            Originally posted by Waterstpub87
                            If I was going to move anywhere to bet fulltime, it would be Toronto. Free access to all the big name books, and not very far.
                            Very interesting...
                            Me being north east coast now, would be a short hop.
                            Comment
                            • poker6469
                              SBR Sharp
                              • 02-13-12
                              • 454

                              #15
                              charles nothing compares to las vegas they are king

                              i do most straight and totals and parlays now and then,nothing like cash in hand no bull shitt .
                              Comment
                              • laconic
                                SBR High Roller
                                • 11-02-08
                                • 120

                                #16
                                Is iceman still plying his trade in sin city?
                                Comment
                                • Counterfeit Cash
                                  SBR Wise Guy
                                  • 01-03-11
                                  • 668

                                  #17
                                  I'm heading to Vegas this upcoming football season to play a few (I don't do much on the exotic side anyway) but I really could never imagine actually living there no matter how much I hit there...that's just me though.
                                  Comment
                                  • Waterstpub87
                                    SBR MVP
                                    • 09-09-09
                                    • 4102

                                    #18
                                    Originally posted by princecharles
                                    Very interesting...
                                    Me being north east coast now, would be a short hop.
                                    I've thought about it. An international city, easy to get citizenship or residency, still close enough to visit without flying. Free access to Pinny and Betfaire, and they speak English.
                                    Comment
                                    • Thremp
                                      SBR MVP
                                      • 07-23-07
                                      • 2067

                                      #19
                                      Originally posted by Waterstpub87
                                      I've thought about it. An international city, easy to get citizenship or residency, still close enough to visit without flying. Free access to Pinny and Betfaire, and they speak English.
                                      No.
                                      Comment
                                      • greenhippo
                                        SBR Hall of Famer
                                        • 02-15-12
                                        • 9091

                                        #20
                                        Betting online is a large reason why I can't manage bankroll. I see a number on a screen and it means nothing to me, so I feel more comfortable making larger bets when I shouldn't. The times I went to Vegas I always came out ahead betting sports, although I'd lose money most elsewhere. All because it was cold hard cash I was putting up and not clicking a button. All things being equal I'd take my chances doing Vegas over online. But they're not equal so I continue with online.
                                        Comment
                                        • marcojuiceman
                                          SBR MVP
                                          • 05-25-11
                                          • 2870

                                          #21
                                          Originally posted by helpplease
                                          or are u taxed on it ..

                                          Only in America do they tax you for every dam thing
                                          All thanks to the continuation of a government who dont want to cut Sh**
                                          But Spend spend away
                                          All ******* the AMerican people
                                          Comment
                                          • durito
                                            SBR Posting Legend
                                            • 07-03-06
                                            • 13173

                                            #22
                                            Originally posted by marcojuiceman

                                            Only in America do they tax you for every dam thing
                                            All thanks to the continuation of a government who dont want to cut Sh**
                                            But Spend spend away
                                            All ******* the AMerican people
                                            income taxes in usa are less than most other developed countries
                                            Comment
                                            • bigjah15
                                              SBR MVP
                                              • 12-20-10
                                              • 1437

                                              #23
                                              Originally posted by durito
                                              income taxes in usa are less than most other developed countries
                                              But some of them offer free healthcare right?
                                              Comment
                                              • marcojuiceman
                                                SBR MVP
                                                • 05-25-11
                                                • 2870

                                                #24
                                                Originally posted by durito
                                                income taxes in usa are less than most other developed countries
                                                No such thing as a Income Tax its in the Constitution
                                                Comment
                                                • baskets
                                                  SBR Posting Legend
                                                  • 11-24-11
                                                  • 11691

                                                  #25
                                                  Originally posted by Waterstpub87
                                                  If I was going to move anywhere to bet fulltime, it would be Toronto. Free access to all the big name books, and not very far.

                                                  lots of blacks in Toronto
                                                  Comment
                                                  • Counterfeit Cash
                                                    SBR Wise Guy
                                                    • 01-03-11
                                                    • 668

                                                    #26
                                                    Originally posted by baskets
                                                    lots of blacks in Toronto
                                                    What's your point?
                                                    Comment
                                                    • 5mike5
                                                      SBR Aristocracy
                                                      • 09-21-11
                                                      • 51883

                                                      #27
                                                      dont mind him, hes got an IQ below stupid
                                                      Last edited by 5mike5; 05-17-12, 11:51 PM.
                                                      Comment
                                                      • baskets
                                                        SBR Posting Legend
                                                        • 11-24-11
                                                        • 11691

                                                        #28
                                                        Originally posted by 5mike5
                                                        dont mind him, hes got an IQ below stupid
                                                        lol, thank you, Mr. 5dimes employee
                                                        Comment
                                                        • 5mike5
                                                          SBR Aristocracy
                                                          • 09-21-11
                                                          • 51883

                                                          #29
                                                          ur welcome

                                                          Comment
                                                          • CallMeChip
                                                            SBR Wise Guy
                                                            • 03-23-11
                                                            • 681

                                                            #30
                                                            Vegas has its benefits, money in hand, no bullshit hassles, etc... but it really has a lacking selection of wagers compared to OS books (although most of those props are sucker bets anyway). Then again unless you're employing runners you can't fight for beneficial lines from various books like you can easily online. I think the CTR cutoff for most joints now is around 10 grand, maybe smaller at off-strip places or downtown. I cashed a $4k parlay at Hilton no questions asked, although I placed another bet at the same time with the cash, but I did have it full in hand with no CTR. Billions in gambling funds go unreported to the IRS every year, unless you're dropping dime stacks across the board most well known casinos couldn't give a crap whether you report or not.

                                                            Personally, I will always prefer cash in hand to a wider variety of bets. You can chase lines in Vegas if you're using a service or know the book staff, but it's not always a guarantee. In the end, having peace of mind that if my ticket wins I know I'll get my money no problem is the security I'm looking for. That and I just love the town. Vegas is starting to compete with offshore though by offering online betting in the state of Nevada, easier way to take advantage of lines. Haven't used it yet myself, but it's something to watch for.
                                                            Comment
                                                            • princecharles
                                                              SBR Wise Guy
                                                              • 11-22-10
                                                              • 827

                                                              #31
                                                              I think the CTR cutoff for most joints now is around 10 grand, maybe smaller at off-strip places or downtown. I cashed a $4k parlay at Hilton no questions asked, although I placed another bet at the same time with the cash, but I did have it full in hand with no CTR.

                                                              I'm pretty sure the CRT does not require your signature, and I have it from a reliable source That casinos routinely file CRTs on players using all the info they need from the player's loyalty card.
                                                              Last edited by princecharles; 05-18-12, 12:36 PM.
                                                              Comment
                                                              • CallMeChip
                                                                SBR Wise Guy
                                                                • 03-23-11
                                                                • 681

                                                                #32
                                                                Originally posted by princecharles
                                                                I'm pretty sure the CRT does not require your signature, and I have it from a reliable source That casinos routinely file CRTs on players using all the info they need from the player's loyalty card.
                                                                It does require a signature if you're not a club member, which I'd rather not be considering your history with the casino (all transactions used with card no matter how small) are subject to subpoena if you happen to be audited. Using a players card is a different story, they already have everything they want from you, so no matter what you win it will be reported by the casino.
                                                                Last edited by CallMeChip; 05-18-12, 09:33 PM.
                                                                Comment
                                                                • goblue12
                                                                  SBR MVP
                                                                  • 02-08-09
                                                                  • 1316

                                                                  #33
                                                                  If your ticket is below $10,000 between Risk + Win you shouldn't have any concerns.

                                                                  The problem is anything over $500 these days is considered "large".
                                                                  Comment
                                                                  SBR Contests
                                                                  Collapse
                                                                  Top-Rated US Sportsbooks
                                                                  Collapse
                                                                  Working...