the betting thread

PhillyPhreak54 · August 06, 2021, 10:32:51 PM

Quote from: rjs246 on August 06, 2021, 07:05:14 PM
My stupid tiny parlay/round-robin bet for tonight.

Atl -1.5
USA/FRA under 175.5
Hou -.5 after 4.5 innings (this is the dumbest and I love it LOL)

Little pucker factor there in the Astros game

rjs246 · August 06, 2021, 11:41:13 PM

Lol no doubt. But given the minuscule risks I'm taking it's all just whatever.

rjs246 · August 07, 2021, 12:17:48 AM

$$$

PhillyPhreak54 · August 07, 2021, 12:48:41 AM

Lol soon to be Russell's Tout Service in the house.

TWENTY DIME PLAY OF THE YEAR

Jkjk...glad you're crushing it.

Keep it rolling.

rjs246 · August 07, 2021, 01:00:35 AM

If someone with the bankroll/stones had been betting along with me at grownup numbers they would have done well this year. As it is, I have a little cash to play with going into the NFL season.

Diomedes · August 07, 2021, 08:05:28 AM

How are gambling winnings taxed?

PhillyPhreak54 · August 07, 2021, 08:43:05 AM

I don't know to be honest as far as percentage goes

Since I'm not in a legal state I don't get end of year tax docs. But I know the legal state operators do send out the w2g's.

Diomedes · August 07, 2021, 08:56:17 AM

If you're in Vegas and you win three grand before going back home....that's just free income?

General_Failure · August 07, 2021, 09:24:52 AM

Quote from: Diomedes on August 07, 2021, 08:05:28 AM
How are gambling winnings taxed?

24%, if you win more than 5k it gets held automatically. You can also claim your losses up to the same amount that you won.

PhillyPhreak54 · August 07, 2021, 09:37:08 AM

Quote from: Diomedes on August 07, 2021, 08:56:17 AM
If you're in Vegas and you win three grand before going back home....that's just free income?

Depends on the game and payout.

Hit for $1200 or more on a slot machine and they're bringing you a w2g with your cash. I know people who play the $5-$10 (or higher slots) and basically any hit on them is over $1200 so they get a lot of forms.

Buy in for $500 at blackjack and cash out $10k? No tax paperwork. It's up to you to report that to Uncle Sam.

Place a side bet that has some crazy pay out or hit a progressive jackpot on something like three card poker (have seen some $1M hits) and you're getting taxes taken out there and some paperwork.

SD · August 07, 2021, 10:46:36 AM

Quote from: Diomedes on August 07, 2021, 08:05:28 AM
How are gambling winnings taxed?

They're not that's why you use bookies.

rjs246 · August 07, 2021, 03:10:13 PM

Here's today's dumb shtein.

Atl -1.5
SD -1.5
US Women BBall -18

PhillyPhreak54 · August 08, 2021, 04:07:30 PM

Did it hit?

No action for me yesterday since we were out and about until midnight.

Nice little hits on day on would Segura Homer (+700) and would Harper Homer (+300) - had $15 on Jean and $20 on Harper. Also had Phils F5.

If the Royals hold on and the M's beat the Yanks it'll be a real nice day.

rjs246 · August 08, 2021, 05:50:38 PM

Ha mine definitely did not hit. Well, one for three.

The Nats hit a three run homer in the ninth to screw me and the us women backups couldn't score to finish out the win.

After going 3/3 the night before, this was fully expected.

PhillyPhreak54 · August 08, 2021, 09:27:08 PM

Yeah some days it just be like that. Just gotta make it til football bc baseball betting is hard