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  • #6001 by Jeff "hogfanintx" Anderson on 12 Dec 2013
  • Those are the kinds of bets that need to be placed in a casino.  You call a guy like me who calls a guy and for a small fee makes those bets for you before the season and mails you the ticket.
  • #6002 by nughaud on 12 Dec 2013
  • I gave bookmaker a hard time last week when they insisted on charging me for a withdrawal, so I figure that I at least owe them a somewhat positive report for getting the check to me sooner than I expected.  Even though I requested the payout past their cut-off time last Tuesday, the check arrived within a week. 

    Do you not get 1 free withdraw a month?
    What was the fee on the check?
  • #6003 by nughaud on 12 Dec 2013
  • The Las Vegas Hotel says it had 14 bettors who placed a bet on Auburn to win it all at 1,000-1 odds. A spokesman for Sportsbook.com said it had two bettors who threw down $100 at 1,000-1 odds.

    http://espn.go.com/college-football/story/_/id/10120901/auburn-tigers-fan-made-100-bet-win-national-title-500-1-odds#comments

    Ok, I know this topic has been discussed thoroughly but this seems like a catch 22 situation for these two guys on sportsbook.com.  If they are from the U.S., and if they win, do they pay the taxes and risk arrest for online gambling or, do they not report it and risk arrest for tax fraud? This is not like winning a couple of hundred bucks gambling online. This is getting into big money.

    Anyone who is playing SB's online from the USA is not paying any taxes, legal or illegal, since it's not legal to bet online.
    As someone else said, continue to make withdraws until you get your money out. It might take a long time, but continue to do so. I'm not sure if SB dot com allows transfers to other books, so that's might be an option also.
  • #6004 by nughaud on 12 Dec 2013
  • I've been so busy lately, but I hit some major parlays last week for a dime, so it was all good. I also took a few units on KC @ -3.

    This is an example of some of the parlays I hit. I had some RRs on a few teams also, and in some other smaller parlays I bought up with Auburn -2/-3, which helped the payouts. It would have been all for naught if NE would have lost.

    Wager Type : Parlay (8 team)
    Wager Status : Win
    Risk / To Win Amount : 10.00 / 177.20(USD)
    Accepted : 12/7/2013 10:55AM - PST

    #1) Wager Type : Spread
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Kansas City Chiefs
    Time : 12/8/2013 10:00:01AM - (PST)
    Line : -3 -110

    #2) Wager Type : Money Line
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : New England Patriots
    Time : 12/8/2013 10:00:01AM - (PST)
    Line : -480

    #3) Wager Type : Money Line
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Denver Broncos
    Time : 12/8/2013 1:05:01PM - (PST)
    Line : -615

    #4) Wager Type : Spread
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Seattle Seahawks
    Time : 12/8/2013 1:25:01PM - (PST)
    Line : +10 -435

    #5) Wager Type : Spread
    Outcome : Win
    Sport / Period : College Football / Game
    Selection : Auburn
    Time : 12/7/2013 1:00:01PM - (PST)
    Line : +7 -283
    Game Notes : (CBS) SEC Championship Game @Georgia Dome - Atlanta, GA - TIME CHANGE

    #6) Wager Type : Spread
    Outcome : Win
    Sport / Period : College Football / Game
    Selection : Stanford
    Time : 12/7/2013 4:45:01PM - (PST)
    Line : +10 -244
    Game Notes : (ESPN) TIME CHANGE PAC 12 Championship Game @Sun Devil Stadium - Tempe, AZ

    #7) Wager Type : Spread
    Outcome : Win
    Sport / Period : College Football / Game
    Selection : Michigan State
    Time : 12/7/2013 5:15:01PM - (PST)
    Line : +10 -191
    Game Notes : (FOX) BIG 10 Championship Game @Lucas Oil Stadium - Indianapolis, IN

    #8) Wager Type : Spread
    Outcome : Win
    Sport / Period : College Football / Game
    Selection : Fresno State
    Time : 12/7/2013 7:00:01PM - (PST)
    Line : -3 -105
    Game Notes : (CBSC) MOUNTAIN WEST Championship Game @Bulldog Stadium - Fresno, CA

    ---------------------------------------------------

    Wager Type : Parlay (5 team)
    Wager Status : Win
    Risk / To Win Amount : 20.00 / 138.35(USD)
    Accepted : 12/6/2013 3:58PM - PST

    #1) Wager Type : Spread
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Kansas City Chiefs
    Time : 12/8/2013 10:00:01AM - (PST)
    Line : -3 -110

    #2) Wager Type : Money Line
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : New England Patriots
    Time : 12/8/2013 10:00:01AM - (PST)
    Line : -530

    #3) Wager Type : Money Line
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Denver Broncos
    Time : 12/8/2013 1:05:01PM - (PST)
    Line : -615

    #4) Wager Type : Spread
    Outcome : Win
    Sport / Period : NFL Football / Game
    Selection : Seattle Seahawks
    Time : 12/8/2013 1:25:01PM - (PST)
    Line : +10 -435

    #5) Wager Type : Spread
    Outcome : Win
    Sport / Period : College Football / Game
    Selection : Auburn
    Time : 12/7/2013 1:00:01PM - (PST)
    Line : -3 +144
    Game Notes : (CBS) SEC Championship Game @Georgia Dome - Atlanta, GA - TIME CHANGE
  • #6005 by nughaud on 12 Dec 2013
  • Jeff, looks like you made some good calls last week. Congrats.
  • #6006 by Jeff "hogfanintx" Anderson on 12 Dec 2013
  • Jeff, looks like you made some good calls last week. Congrats.

    Thanks man you as well!
  • #6007 by Jeff "hogfanintx" Anderson on 12 Dec 2013
  • FYI not playing anything on Bolts and Broncos tonight.
  • #6008 by Spikes on 12 Dec 2013
  • FYI not playing anything on Bolts and Broncos tonight.

    I'm on the over, just 1 unit.  56
  • #6009 by Jeff "hogfanintx" Anderson on 12 Dec 2013
  • I'm on the over, just 1 unit.  56

    I considered the over and had it at 53 and considered the Bolts +10.5 but left them both alone. I hope you hit the over. I like it, but just not enough to bet it.
  • #6010 by nughaud on 12 Dec 2013
  • I'll probably add the Broncos ML to one of my open parlays or buy it down to -3 or -6.

    Line is dropping. It's 10 at some books now, and seeing it -10 (-103), which is the best line I can find.

    I'll be taking the over 65.5 for the FSU/Auburn game.
    Auburn doesn't play much defense and FSU can light it up. It could easily be similar to the last game Auburn played.
    BM has the Auburn at +9.5 -110. I'd love taking it if I can get it at +10.
  • #6011 by Jeff "hogfanintx" Anderson on 12 Dec 2013
  • I'll probably add the Broncos ML to one of my open parlays or buy it down to -3 or -6.

    Line is dropping. It's 10 at some books now, and seeing it -10 (-103), which is the best line I can find.

    I'll be taking the over 65.5 for the FSU/Auburn game.
    Auburn doesn't play much defense and FSU can light it up. It could easily be similar to the last game Auburn played.
    BM has the Auburn at +9.5 -110. I'd love taking it if I can get it at +10.

    All I will say is be very careful betting bowl games early when they are a month away from being played. A lot can happen.
  • #6012 by nughaud on 12 Dec 2013
  • All I will say is be very careful betting bowl games early when they are a month away from being played. A lot can happen.

    Yep, of course. It's not like I'm betting the house or anything. I'll always wager appropriately, depending on the situation and time is one of them.
  • #6013 by Jeff "hogfanintx" Anderson on 13 Dec 2013
  • Yep, of course. It's not like I'm betting the house or anything. I'll always wager appropriately, depending on the situation and time is one of them.

    Oh I hear ya.  Wasn't implying you don't know what your doing.  Just so much can go wacky between an opening bowl line and kick off.  Not sure why I tend to rehash that on here year after year.

    My apologies.
  • #6014 by Hawgndaaz on 13 Dec 2013
  • Oh I hear ya.  Wasn't implying you don't know what your doing.  Just so much can go wacky between an opening bowl line and kick off.  Not sure why I tend to rehash that on here year after year.

    My apologies.

    Injuries, suspensions, and most importantly...

    who is going to sandbag and/or not play due to draft status?
  • #6015 by Jeff "hogfanintx" Anderson on 13 Dec 2013
  • Injuries, suspensions, and most importantly...

    who is going to sandbag and/or not play due to draft status?

    Yep along with coaching changes, interim coaches and so forth.
  • #6016 by Hawgndaaz on 13 Dec 2013
  • Yep along with coaching changes, interim coaches and so forth.

    I'm assuming you bet against an interim? Or am I just having reggie herring nightmares still?
  • #6017 by Jeff "hogfanintx" Anderson on 13 Dec 2013
  • I'm assuming you bet against an interim? Or am I just having reggie herring nightmares still?

    Depends on the interim.  What position he was promoted from for the game. If the teams performance in the bowl could make him the long term coaching solution.  Differs with each situation.
  • #6018 by Spikes on 14 Dec 2013
  • Good Saturday to all!!

    Took AZ in NCAA +3,  2 Star ( Game stated at 12) wanted to post anyway..

    NHL SJ Sharks -180  ( 2 Star)

    Good luck as always!!!
  • #6019 by WILL CLINTON on 14 Dec 2013
  • At least Will seems to be enjoying his sickness.
    Lol he certainly does.

    The way I see it, until I can't pay a bill, or my kids go without Christmas, it's still a hobby. lol.

    Yes, but I believe you owe the taxes on the full amount in the year that you win it. If a person were to get audited, would the IRS just take the info that you provided on the amount you won or would they want something official from sportsbook? And with sportsbook being offshore, they don't have to report anything.

    At a casino, yes, you are right. If you go to Shreveport and win $10k playing cards, they will hold out taxes when they give you your winnings. But, you can claim gambling losses up to the amount you claim gambling winnings. You are 100% right about the off shore books. They aren't under US jurisdiction and tax laws. The problem is going to be explaining why you have a $10k check to cash. That's why I would request a $7k-$8k check every month until is paid out.

  • #6020 by Jeff "hogfanintx" Anderson on 14 Dec 2013
  • The way I see it, until I can't pay a bill, or my kids go without Christmas, it's still a hobby. lol.

    At a casino, yes, you are right. If you go to Shreveport and win $10k playing cards, they will hold out taxes when they give you your winnings. But, you can claim gambling losses up to the amount you claim gambling winnings. You are 100% right about the off shore books. They aren't under US jurisdiction and tax laws. The problem is going to be explaining why you have a $10k check to cash. That's why I would request a $7k-$8k check every month until is paid out.



    Actually I'm not sure that's correct.  I have won well over 10k several times playing blackjack at a casino.  Every time it has been marathon sessions.  You are not winning that 10k on one bet.  I have never paid taxes or had to.  Now at the horse track if you bet say 50.00 and hit a trifecta that pays over like 799.00 or something you have to pay taxes.

    Blackjack maybe you are playing 25.00 50.00 100.00 or so a hand. It's cumulative and therefore shouldn't fall under that bracket.  A one time sports wager however that pays those amounts I think is different.
  • #6021 by WILL CLINTON on 14 Dec 2013
  • Actually I'm not sure that's correct.  I have won well over 10k several times playing blackjack at a casino.  Every time it has been marathon sessions.  You are not winning that 10k on one bet.  I have never paid taxes or had to.  Now at the horse track if you bet say 50.00 and hit a trifecta that pays over like 799.00 or something you have to pay taxes.

    Blackjack maybe you are playing 25.00 50.00 100.00 or so a hand. It's cumulative and therefore shouldn't fall under that bracket.  A one time sports wager however that pays those amounts I think is different.

    I could easily be confused, but now that I think of it, I've never had to pay taxes on my Poker winnings either. The reason I said that is that I know if you win a certain amount on a slot machine, you have to pay taxes on it, especially if it's a jackpot. There's probably a limit where you do have to pay taxes if it's over a certain amount, and don't beneath that.
  • #6022 by McHogLovin on 14 Dec 2013
  • I could easily be confused, but now that I think of it, I've never had to pay taxes on my Poker winnings either. The reason I said that is that I know if you win a certain amount on a slot machine, you have to pay taxes on it, especially if it's a jackpot. There's probably a limit where you do have to pay taxes if it's over a certain amount, and don't beneath that.


    Local Cherokee Casino you have to claim poker winnings over 2500.  But if you win 12k you just have your poker buddies go to the cage with ya and cash out 2k 6 times and go home. 
  • #6023 by jkstock04 on 14 Dec 2013
  • It is confusing to me as well...one of my friends once hit 10k on a penny slot in Vegas and didn't have to pay a dime in taxes. They just counted out the cash and said have a nice day. I really don't understand how it all works.

    Another buddy of mine...at a different casino got hot on the roulette wheel...won about 8k after buying in for 500 and they tried to make him fill out a form/pay taxes. If I remember right he had different people cash in 1k-2k at a time avoid it.

    Once at the horse track I hit a $500 bet for about 6k and didn't have to pay a dime in taxes...but I have seen people who hit a trifecta for $700 who had to pay taxes. Lol like I said I don't get all this stuff.
  • #6024 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • Chiefs -5.5 / 4 units
    Jets +10.5 / 5 units
    Giants +8.5 / 3 units
    Bears -1 / 4 units
    Pats +3 bought a half point / dime play
  • #6025 by widespreadsooie on 15 Dec 2013
  • You're supposed to get taxed on gambling winnings. You should receive a W2-G from the casino around tax time that reports all winnings and with holdings. If you didn't with hold at the window you will on your tax return.
  • #6026 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • You're supposed to get taxed on gambling winnings. You should receive a W2-G from the casino around tax time that reports all winnings and with holdings. If you didn't with hold at the window you will on your tax return.


    Dude.  If you play blackjack for 30 hours then walk over to the cage and cash in 14 grand in chips you don't pay taxes on it.  I never have. Have never received anything from the casino or the irs.  It's different hitting a jackpot on a slot. On those you will pay taxes.
  • #6027 by Da Porker on 15 Dec 2013
  • you pay federal taxes on any one bet that pays 600-1 or higher...amount won does not matter ie if you bet $10,000 and win $10,000, its tax free.  Bet $1 and win $600 (or more) will result in them holding 25% (i think that's still the % withholding).
  • #6028 by WILL CLINTON on 15 Dec 2013
  • Falcons  The Redskins are falling apart, so I figured I'd throw some on Atl.
    Patriots
    Panthers
    Raiders
    Bengals
    Titans

    This looks like all of today's. Good Luck everybody, and next weekend the Bowls start.

    I already like Wash St -4.5 over Colorado St.
  • #6029 by widespreadsooie on 15 Dec 2013

  • Dude.  If you play blackjack for 30 hours then walk over to the cage and cash in 14 grand in chips you don't pay taxes on it.  I never have. Have never received anything from the casino or the irs.  It's different hitting a jackpot on a slot. On those you will pay taxes.

    If your winnings, regardless of where they came from, are subject to federal with holding you will receive a WG-2. If it isn't subject to federal with holdings you still are supposed to report it as income which can result in a lower refund or having to pay more in with your tax return.

  • #6030 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • you pay federal taxes on any one bet that pays 600-1 or higher...amount won does not matter ie if you bet $10,000 and win $10,000, its tax free.  Bet $1 and win $600 (or more) will result in them holding 25% (i think that's still the % withholding).

    I do believe that is correct
  • #6031 by ur on 15 Dec 2013
  • Thanks for the info but I'm still trying to find out what a person, like these two guys that bet on Auburn on Sportsbook, would do If he were to win a large amount online whether it be at one time or over the season(s). From what I understand, any income is taxed no matter how you made it. Now I know if you win at a casino and they pay you in cash that you are not going to report it unless you know the casino is reporting it. My question is more for online offshore winnings. How do you handle it when (if) you get audited and you have several thousand in deposits from checks from your offshore acct. If you listed it as income on your tax return, then you are possibly ok with IRS but would they turn you over to the feds if you told them where it came from thus getting in trouble for wagering. If you don't list it then you are in trouble for tax evasion, thus The catch 22 for which I am looking for an answer. If you don't ever get audited or never have the bank file a suspicious activity report (SAR) on your check, then you are ok. But if you ever do, then you have to come up with an answer.
  • #6032 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • Thanks for the info but I'm still trying to find out what a person, like these two guys that bet on Auburn on Sportsbook, would do If he were to win a large amount online whether it be at one time or over the season(s). From what I understand, any income is taxed no matter how you made it. Now I know if you win at a casino and they pay you in cash that you are not going to report it unless you know the casino is reporting it. My question is more for online offshore winnings. How do you handle it when (if) you get audited and you have several thousand in deposits from checks from your offshore acct. If you listed it as income on your tax return, then you are possibly ok with IRS but would they turn you over to the feds if you told them where it came from thus getting in trouble for wagering. If you don't list it then you are in trouble for tax evasion, thus The catch 22 for which I am looking for an answer. If you don't ever get audited or never have the bank file a suspicious activity report (SAR) on your check, then you are ok. But if you ever do, then you have to come up with an answer.

    Honestly I don't know. Two years ago I hit a ten team parlay online. Bet 5.00 and it paid out like 3600.00. I just made the withdrawal.  I would imagine 100k would draw quite a bit more attention though!
  • #6033 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • What was I thinking betting the g-men today!
  • #6034 by Jeff "hogfanintx" Anderson on 15 Dec 2013
  • Need Tom Tereific to bail me out in my dime play!
  • #6035 by widespreadsooie on 15 Dec 2013
  • Thanks for the info but I'm still trying to find out what a person, like these two guys that bet on Auburn on Sportsbook, would do If he were to win a large amount online whether it be at one time or over the season(s). From what I understand, any income is taxed no matter how you made it. Now I know if you win at a casino and they pay you in cash that you are not going to report it unless you know the casino is reporting it. My question is more for online offshore winnings. How do you handle it when (if) you get audited and you have several thousand in deposits from checks from your offshore acct. If you listed it as income on your tax return, then you are possibly ok with IRS but would they turn you over to the feds if you told them where it came from thus getting in trouble for wagering. If you don't list it then you are in trouble for tax evasion, thus The catch 22 for which I am looking for an answer. If you don't ever get audited or never have the bank file a suspicious activity report (SAR) on your check, then you are ok. But if you ever do, then you have to come up with an answer.

    If these guys hit their Auburn tickets they will most definitely need to consult a CPA.
  • #6036 by McHogLovin on 15 Dec 2013
  • What was I thinking betting the g-men today!

    That you needed a replacement for your Steelers.   ;)
  • #6037 by Jeff "hogfanintx" Anderson on 16 Dec 2013
  • That you needed a replacement for your Steelers.   ;)


    :) dime play bit the dust as well. 
  • #6038 by yardpig on 16 Dec 2013
  • Hey DadVader, are you going to use your spreadsheet data to play the bowl games?

    Thanks for posting.
  • #6039 by hollywood hog on 16 Dec 2013

  • :) dime play bit the dust as well.

    Ehhh, u still broke even. Not bad for a bad day.  DeAngelo saved u with that 18 yard run on 3rd and 10 with 2 mins left.  He gets 9 or less and the FG was goin up. 
  • #6040 by Jeff "hogfanintx" Anderson on 16 Dec 2013
  • Ehhh, u still broke even. Not bad for a bad day.  DeAngelo saved u with that 18 yard run on 3rd and 10 with 2 mins left.  He gets 9 or less and the FG was goin up. 

    Yes sir.  Can't complain too much.
  • #6041 by DadVader1 on 17 Dec 2013
  • Hey DadVader, are you going to use your spreadsheet data to play the bowl games?

    Thanks for posting.

    Definitely.  I've been immersed in handling a family emergency, so football dropped off my radar for the last week or so.  The emergency is over, and the outcome was what I had hoped for and expected (which is a HUGE relief).  It will take me a few days to get back up to speed on bowl season, but I'll run the numbers and post what I find.
  • #6042 by yardpig on 17 Dec 2013
  • Definitely.  I've been immersed in handling a family emergency, so football dropped off my radar for the last week or so.  The emergency is over, and the outcome was what I had hoped for and expected (which is a HUGE relief).  It will take me a few days to get back up to speed on bowl season, but I'll run the numbers and post what I find.

    Thanks.

    I am glad you had a good outcome with your family emergency.
  • #6043 by arkfanchip on 20 Dec 2013
  • Ohio State -3 against Clemson as close to a lock as you will find. 
  • #6044 by widespreadsooie on 20 Dec 2013
  • Ohio State -3 against Clemson as close to a lock as you will find. 

    I like it, but never use the dreaded "L" word.
  • #6045 by Hawgndaaz on 20 Dec 2013
  • Well I didn't lose any Thursday night NFL or college football bets last night :)
  • #6046 by Jeff "hogfanintx" Anderson on 20 Dec 2013
  • Ohio State -3 against Clemson as close to a lock as you will find. 

    Way too far in advance for me to look at that game, but if they were playing tomorrow I would make a healthy play the opposite way.
  • #6047 by McHogLovin on 20 Dec 2013
  • Way too far in advance for me to look at that game, but if they were playing tomorrow I would make a healthy play the opposite way.

    Ditto.  Ohio State doesn't even want to be there and this was the best Clemson could hope for after the loss to Florida State.  But I do  hate betting on Clemson.  They always bend me over. 
  • #6048 by Jeff "hogfanintx" Anderson on 20 Dec 2013
  • Ditto.  Ohio State doesn't even want to be there and this was the best Clemson could hope for after the loss to Florida State.  But I do  hate betting on Clemson.  They always bend me over. 

    Clemson will stink it up once or twice a year, but Ohio St has been way over valued all season. 
  • #6049 by WILL CLINTON on 20 Dec 2013
  • Tomorrow's action

    USC -6.5  2*
    Wash St -6  2*
    UL Lafayette +2.5  1*
    Buffalo  +1  1*

    I also have 2 ML parlays going

    Buffalo, North Carolina, Wash St, Marshall, Miami, Michigan, East Carolina, Boise St, Bowling Green, Notre Dame, Minnesota, UL Lafayette, USC, N Illinois, BYU
    this one pays out $11,211 on a $2.47 bet

    Oregon, Az St, UCLA, TAMU, Georgia, LSU, Stanford, Baylor, Bama, Ok St, Ohio St, Ball St
    this one pays out $114 on a $2 bet

    I'll probably have action on almost every ball game.

    Good Luck to everyone.
  • #6050 by McHogLovin on 20 Dec 2013

  • I'll probably have action on almost every ball game.




    We all knew this long ago   ;)
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