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If I won in Vegas regularly
- Thread starter printman
- Start date
Patrick is right but it goes a bit deeper than that. It would depend on the place you won it at. You have to remember it's illegal to gamble in some of the sports book in this town. The Coast properties will take a bet but the Station casinos sweat a guy betting $10 dollar show bets in their race book and you'd be run out of the sports book if you were a consistent winner. The key would be to spread the money around. If you wanted to bet $2000 on a game you just bet a nickel at four places. They all have the same numbers so it doesn't matter.
The IRS is no problem as long as you keep the total money bet under $10,000 each day and you would want to keep each bet or series of bets under $2500 because they would start logging your bets on a clipboard.
Sports betting in Las Vegas is a thing of the past. They only want square tourists playing those moronic parlay cards and the locals playing those idiotic football contests that get 50,000 entries and 500 people tie for first each week and win $12.75 a piece.
The IRS wouldn't be the problem but dealing with the clowns running these sports books and all the aggrevation trying to get from place to place and fighting the tourists will stress you out so much, you'll lose your patience and your edge. If you're talking about the numbers that you mentioned, open up 3 or 4 offshore accounts and bet with places that will let you gamble.
The IRS is no problem as long as you keep the total money bet under $10,000 each day and you would want to keep each bet or series of bets under $2500 because they would start logging your bets on a clipboard.
Sports betting in Las Vegas is a thing of the past. They only want square tourists playing those moronic parlay cards and the locals playing those idiotic football contests that get 50,000 entries and 500 people tie for first each week and win $12.75 a piece.
The IRS wouldn't be the problem but dealing with the clowns running these sports books and all the aggrevation trying to get from place to place and fighting the tourists will stress you out so much, you'll lose your patience and your edge. If you're talking about the numbers that you mentioned, open up 3 or 4 offshore accounts and bet with places that will let you gamble.
Good post Bob, thanks for the clarifications. I can't imagine why anyone would play in Vegas sportbooks rather than off-shore. Even the phone stuff is only a couple of dimes daily. I don't think they care if you grind out 5k a week but it would sure be a helluva lot of work. Much easier in the "old days" from what I hear.
Off-shore even with it's drawbacks is the place for the serious players.
Off-shore even with it's drawbacks is the place for the serious players.
I agree with you guys. Most of the chicken bleep sportsbooks have such pitifully low limits.
Even a good sized place like the Rio (suffering under the Harrah's curse). We could make bigger bets with total strangers in the coffie shop than they will take in the book.
One serious question though for Bob. None of the books in Vegas really "book" the horse action, do they? Don't they all just act like a simulcast spot and get paid a percentage. I think they want ALL the horse action they can get. The more, the bigger, the better on horses, I thought?
Even a good sized place like the Rio (suffering under the Harrah's curse). We could make bigger bets with total strangers in the coffie shop than they will take in the book.
One serious question though for Bob. None of the books in Vegas really "book" the horse action, do they? Don't they all just act like a simulcast spot and get paid a percentage. I think they want ALL the horse action they can get. The more, the bigger, the better on horses, I thought?
Packer- You're absolutely correct. The horse wagers made in Las Vegas go directly into the pool at the track along with action from simulcasting sites. There is no risk to them at all, which is just how they like it because they get the takeout % which is different depending on which track is robbing you.
What I should have said is the Station properties sweat $10 house quinellas which is the win price times half the place price when they feel like letting you bet them, of course. Nicky was correct when he mentioned they wouldn't take a house Q wager from a regular customer. He wanted to bet a hundred or two and they said he could have $20. What's really funny about that is the guy wanted to bet the 2 favorites. Their extension would be relatively small on that bet and the guy was a regular which means you know they have him stuck in the long run, especially if he's betting quinellas on a regular basis.
What I should have said is the Station properties sweat $10 house quinellas which is the win price times half the place price when they feel like letting you bet them, of course. Nicky was correct when he mentioned they wouldn't take a house Q wager from a regular customer. He wanted to bet a hundred or two and they said he could have $20. What's really funny about that is the guy wanted to bet the 2 favorites. Their extension would be relatively small on that bet and the guy was a regular which means you know they have him stuck in the long run, especially if he's betting quinellas on a regular basis.
