Possible move to Vegas in March 2010. Need advice

R

rbpd5015

EOG Member
To start off please understand I am not bsing I promise and I due understand the seriousness of what I am doing and the risk that I will be taking. I take constructive critiscm well....however if you doint have a valid point and due not know a way to overcome the issue please don't post.

I am a married man with 3 kids. I make 60k and have a safe job in this economy. I have been working on a MLB betting pattern for 2 years and have been succesfull. I have been very happy with the two online books I have played at and have not had an issue with them taking my action. I know its early but baseball seems to be the most by the numbers sport. If I continue making a profit like I have so far I will look at moving to Vegas and playing higher and legally.

I am not a whale and not a huge winner.....I would never claim to be either. I just have a passion to make money and love MLB. My handle at this time is 2k a week and with an avg season should be able to make that number 5k a week. So at that point I would be a bit cautious about getting my account closed or loosing my money. I would have no legal grounds to get it back either. I have a friend who worked for a company that was owned by bet cris and he told me horror stories of winning customerd screwed.

So now I am at a crossroads.??? I can move to Vegas with my family and be Mr Mom. My wife could easly get a job in her career and I can take my cash and investments and turn it into a huge bankroll. Approx 40k. At that point I would be betting about 10k a week legally. Now I understand taxes take what 25pct??. I could handle that. I believe I could make it using the same money management I have developed the last two seasons.

My leaks..
Enjoy betting other sports but suck at them. I hope having my family with me and treating MLB like a business can curb this

Enjoy poker... I need to only bring to the casino sports betting money and play poker as recreation not during that time.


I do have a few worries. I hear a lot of people being capped at the window in Vegas to a very low number. I need to be able to bet 4k on a game if I want and can't afford to show up and be limited to 500 or 700 like I have heard happens.

I do not know if this is just a case of people making up stories to look good or if their is truth to this. I had heard Lenny's(where is this???) And coast casinos would take almost any bet.

I would really appreciate some feedback, thanks in advance.

Matt
 
BrickShitHouse

BrickShitHouse

2
Re: Possible move to Vegas in March 2010. Need advice

I have heard the prices of houses and plummited over 50% so you could definately get a good deal there if you are looking at buying. Never placed bets in Vegas, but if you needed to place a large wager maybe drive to a couple different casinos?
 
ballwonder

ballwonder

EOG Master
Re: Possible move to Vegas in March 2010. Need advice

Matt if you leave youre $60,000 dollar a year job that is safe in this economy, with a family to do this "legally" in vegas, youre a fucking idiot. There is my advice. Have a nice easter.
 
THE SHRINK

THE SHRINK

1
Re: Possible move to Vegas in March 2010. Need advice

Matt,

I have known people a lot smarter than you that have gone broke moving to Vegas...

Please take this as a friendly suggestion and do not leave at this time in your life....

THE SHRINK
 
kinosh

kinosh

2
Re: Possible move to Vegas in March 2010. Need advice

There's NO WAY I would do this! $40k isn't much if you hit a bad streak betting $10k/week. I would wait until retirement and the kids are on their own. You need more money and less expenses for this endeavor.
 
Homedawg

Homedawg

2
Re: Possible move to Vegas in March 2010. Need advice

there is no need to go to Vegas and do this. 4k/game really isn't that much. you can get that down offshore no problem with no worries of not getting paid.
 
Mr. Smith

Mr. Smith

EOG Master
Re: Possible move to Vegas in March 2010. Need advice

no you should not

reasons

- you are worried posters here might think you are bsing.

- you have a "betting system"

-you used the words "money managment"

no offense, but you should not give up your job and move to Vegas. You can continue to bet online and keep your job. if you lose an account or two online for winning a lot, open up a few new ones
 
TTinCO

TTinCO

2
Re: Possible move to Vegas in March 2010. Need advice

#1 I wouldn't raise kids here-period.
#2 $40k is far from a "huge" bankroll-especially rolling 25% of it weekly. Bad run, then what?
#3 You're going to get here and find out that you can usually find better #s offshore

If you really, really have to get it out of your system, go try it for a month.

I think the "Lenny's" that you're talking about may be the Leroy's sportsbooks.
 
R

rbpd5015

EOG Member
Re: Possible move to Vegas in March 2010. Need advice

Thank you it is Leroy's. I know 40k isn't that large...I just worry about playing offshore. I have never had an issue with the greek. So I am not one with an issuen but everyday there are 10 posts about sites not paying.


Now to the person arguing about the use of the words system and money management.

If you sit here and try to convince me that you don't have a system you are a liar. In my opinion you can not be a succesfull sports better unless you have a system and great not good money management.

Yes I have a system. Will I tell you how it works ....no. Does it win...yes. Can it loose yes. But I am a above average handicapper.

There are two HUGE reasons why most people with your type of so called system loose.

1 poor money management and no stop loss.

2. Poor handicapper takes bad favorites


Matt
 
THE SHRINK

THE SHRINK

1
Re: Possible move to Vegas in March 2010. Need advice

Matt,

You have nothing to worry about at all with at least 7 other sports books besides the Greek...

I am guessing you are young and head strong...

Listen to others who have fallen before you...

Stay home and give your 'system' more time...

You can still bet safely off shore and with less distractions than Vegas...
 
R

rbpd5015

EOG Member
Re: Possible move to Vegas in March 2010. Need advice

THE SHRINK said:
Matt,

I have known people a lot smarter than you that have gone broke moving to Vegas...

Please take this as a friendly suggestion and do not leave at this time in your life....

THE SHRINK
Click to expand...

Shrink I kinda find this offensive but I understand what you were trying to say.

Why did they go broke? What was their leak or were they just poor handicappers or the biggest one of them all did they get unlucky.


Baseball is predictable and the numbers are always similar to the previous years stats. Even though the steriod era effect stats it didn't effect teams total wins and losses.

I got proven history to prove my picks.....what do you use a hunch a tout?? You might win more in a day or a week. I will make mine in the end. I like to bet lower risk options with smaller short term gaines.


Matt
 
GreenDoberman

GreenDoberman

2
Re: Possible move to Vegas in March 2010. Need advice

Matt,
No one here is going to convince you either way as it is up to you. I will be happy to answer your questions and give you the good, bad, and ugly to living in Vegas as well as gambling for a living. I can also put you in contact with others who are or have done or tried the same.

Mine and others opinions are irrelevant but I would be happy to be a sounding board and help answer some questions that will allow you to make a sound and informed decision. Feel free to pm me and/or email me.
 
T

Towelie

EOG Enthusiast
Re: Possible move to Vegas in March 2010. Need advice

Dont quit your day job. I echo everything everyone else is saying. 40K for a bankroll is peanuts compared to what most pros have. You dont need to live in Vegas to get real money down, you will get better numbers offshore, christ matchbook is dealing 1 cent lines for baseball.

Just because you have beaten baseball the past 2 years doesnt mean that you will continue to moving forward. Games are ever evolving and the same model will never work forever. It will need tweaks along the way and not doing so before it is too late can wipe you out. I dont see what benefit you gain by moving to Vegas.
 
Cannon

Cannon

Banned
Re: Possible move to Vegas in March 2010. Need advice

About 15 years ago I had two single friends who were sharps took 200K each to Vegas to bet football. They made $120,000 each the first year and $40,000 the second year not bad for 5 months. They had a blast but did not do it the third year. They are books now.
 
R

rbpd5015

EOG Member
Re: Possible move to Vegas in March 2010. Need advice

I appreciate all the positive feedback. I guess the problem I have is I want to due it legit and pay taxes etc. I don't want to get my money siezed. I don't want to be prodecuted in america and don't want the irs hounding me. I was raised be upfront and truthfull about everything and good things will happen in return.


Vegas is not my prefered living spot in Nevada I want to live there a couple years then move to Lake Tahoe. I heard you can get phone in account if your Nevada resident so maybe that would work also.

I understand 40k is small but it is what I got without touch my family's living and savings money. I will bet small until I can afford to bet big. I will also work in offseason to add to bankroll.

I will still keep my cash in the greek so that should help. However that will be very little so I never have an issue cashing a large check.


Does someone have a good grasp of the tax laws? Does anybody have a phone number who does taxes for sports gamblers.


Matt
 
D

DrunkHorseplayer

EOG Addicted
Re: Possible move to Vegas in March 2010. Need advice

The tax laws are very simple; keep detailed records of all your bets, both wins and losses, and you shouldn't have much of a problem. The problem will be trying to make in LV what you make offshore; that extra vig adds up fast.
 
Flamingo kid

Flamingo kid

Everybody's hands go UP!
Re: Possible move to Vegas in March 2010. Need advice

Taxes on sportsbets? I thought only racetracks make you 'sign' for 300-1 or higher, i didn't realize that sportsbooks make you sign IRS forms for baseball winnings.

I guess you learn something new every day.
 
railbird

railbird

EOG Master
Re: Possible move to Vegas in March 2010. Need advice

doesnt matter if your worth 100 billion. To take your wife and kid to Vegas is a very cruel thing to do and not fair to them, Vegas is an unsafe place and a living hell.
 
kinosh

kinosh

2
Re: Possible move to Vegas in March 2010. Need advice

rbpd5015 said:
I appreciate all the positive feedback. I guess the problem I have is I want to due it legit and pay taxes etc. I don't want to get my money siezed. I don't want to be prodecuted in america and don't want the irs hounding me. I was raised be upfront and truthfull about everything and good things will happen in return.


Vegas is not my prefered living spot in Nevada I want to live there a couple years then move to Lake Tahoe. I heard you can get phone in account if your Nevada resident so maybe that would work also.

I understand 40k is small but it is what I got without touch my family's living and savings money. I will bet small until I can afford to bet big. I will also work in offseason to add to bankroll.

I will still keep my cash in the greek so that should help. However that will be very little so I never have an issue cashing a large check.


Does someone have a good grasp of the tax laws? Does anybody have a phone number who does taxes for sports gamblers.


Matt
Click to expand...

What's the difference between paying taxes on Vegas earnings and paying taxes on offshore earnings? The tax rate is the same. You need to keep accurate records either way. As long as you pay your fair share, the IRS won't bother you.
 
Mammon

Mammon

EOG Master
Re: Possible move to Vegas in March 2010. Need advice

First of all you need to bet dime lines so Greek is about the same as Vegas lines. If you bet big MLB you lose a ton not betting the dime line.
 
Lloyd Dobler

Lloyd Dobler

2
Re: Possible move to Vegas in March 2010. Need advice

TTinCO said:
#1 I wouldn't raise kids here-period.
#2 $40k is far from a "huge" bankroll-especially rolling 25% of it weekly. Bad run, then what?
#3 You're going to get here and find out that you can usually find better #s offshore

If you really, really have to get it out of your system, go try it for a month.

I think the "Lenny's" that you're talking about may be the Leroy's sportsbooks.
Click to expand...

#1...Fuck you, I'm raising 3, sometimes 4 when you are around
#2...agree, $40K could be lost in two weeks, especially if you are playing 5 10 at Hard Rock versus the sharks and drunks
#3...Of course, they may not pay you, but you will find better numbers. I highly suggest a good agent.
 
Flamingo kid

Flamingo kid

Everybody's hands go UP!
Re: Possible move to Vegas in March 2010. Need advice

Healthcare in Vegas sucks. Just don't get sick and you'll be ok.
 
D

dustdevil

EOG Dedicated
Re: Possible move to Vegas in March 2010. Need advice

All the glimmer of Vegas wore out for me after my first trip. Just not what I had envisioned it to be long ago. I could never raise a family there. If you're in your early 20's I can see how it would be fun for a while, but even in my late 20's nothing about Vegas appeals to me anymore.
 
W

Whoson1st

EOG Dedicated
Re: Possible move to Vegas in March 2010. Need advice

There is absolutely no guarantee that you'll get paid from an offshore.
Maybe it won't be the irs to mess with you, but who the hell knows today.
If you're young, take a shot and go for it. TT's suggestion to try it for a month sounds good to me. You have to weigh everything in life. Both good and bad points to each.
Let no-one talk you out of your dream. Life is not a dress rehersal.
 
Jeff Jones

Jeff Jones

2
Re: Possible move to Vegas in March 2010. Need advice

In 2009 Las Vegas, there are only two reasons to pick up and move to Las Vegas.

1) You have secure employment locked up here, or

2) You have no other responsibilities than yourself to provide for.

(Come to think of it, those are probably the only two reasons to move here, even in the boom years.)

This pipedream that you can give up a 60K job with a family to provide for, and momma is going to work out here until your gambling "system" kicks in (LV is still waiting to see its first successful "system") is pure Hollywood.

I guess it might work; after all, somebody wins the megabucks lottery.

Don't believe the constant success nonsense you hear on the Internet from anonymous geniuses.

Kids get grown and go off to prison. The wife divorces you. That's the time to experience daily living in Las Vegas!

It's chauffeur-driven limos to the Strip ultra-lounges every night!
 
W

Whoson1st

EOG Dedicated
Re: Possible move to Vegas in March 2010. Need advice

On the positive side.
The kids will get an education. They may even meet their "real" dad. This is an Offshore Forumn, so I would not expect lots of praise about Nevada.
One thing, I had a $60k job and wish that I had quit it in my 40's. But no, I got old for me and the what if's linger. Safety is not something that one needs to cherish. It's a great idea. But life is short at the best. If you were born with little and came from meager surroundings; than listening to those that say NO--HELL NO; is probably the best advise. No-one can see inside your brain. But one thing is certain. Baseball isn't a flashy game and you have identified IT as a a possible "ticket to ride". I agree, but have very meager funds and father time ain't on my side. Plus-I can't just leave an elderly mother.
Other's will find fault, no matter what. You call the shots and do the best no matter what "they say".
 
Flamingo kid

Flamingo kid

Everybody's hands go UP!
Re: Possible move to Vegas in March 2010. Need advice

Jeff Jones said:
In 2009 Las Vegas, there are only two reasons to pick up and move to Las Vegas.

1) You have secure employment locked up here, or

2) You have no other responsibilities than yourself to provide for.

(Come to think of it, those are probably the only two reasons to move here, even in the boom years.)

This pipedream that you can give up a 60K job with a family to provide for, and momma is going to work out here until your gambling "system" kicks in (LV is still waiting to see its first successful "system") is pure Hollywood.

I guess it might work; after all, somebody wins the megabucks lottery.

Don't believe the constant success nonsense you hear on the Internet from anonymous geniuses.

Kids get grown and go off to prison. The wife divorces you. That's the time to experience daily living in Las Vegas!

It's chauffeur-driven limos to the Strip ultra-lounges every night!
Click to expand...

You mean no one really wins?
 
D

dustdevil

EOG Dedicated
Re: Possible move to Vegas in March 2010. Need advice

Nice post Who'son1st. Ultimately the guy is gonna do what he wants, regardless of what he reads here.

Funny post Jeff, I was just in Vegas last week. I saw a 80 year old guy strolling into Pure at Caesars through the VIP line at about 2 am. Me and my buddies about pissed ourselves laughing, but that guy was going out swinging. Maybe he got lucky.
 
Jeff Jones

Jeff Jones

2
Re: Possible move to Vegas in March 2010. Need advice

dustdevil said:
Ultimately the guy is gonna do what he wants, regardless of what he reads here.

.
Click to expand...

No he doesn't. It's just another Internet Beverly Hillbillies dreamer thinking he's gonna pack up the wife (the meal ticket) and the kids and come out West and strike it rich.

Why stop in Las Vegas? Hollywood Stardom is only 300 miles farther on.

Hopefully he'll post when he gets here.

You can't make it up.
 
Flamingo kid

Flamingo kid

Everybody's hands go UP!
Re: Possible move to Vegas in March 2010. Need advice

Jeff Jones said:
No he doesn't. It's just another Internet Beverly Hillbillies dreamer thinking he's gonna pack up the wife (the meal ticket) and the kids and come out West and strike it rich.

Why stop in Las Vegas? Hollywood Stardom is only 300 miles farther on.

Hopefully he'll post when he gets here.

You can't make it up.
Click to expand...

You :+cluelessdon't believe in his baseball system?
 
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