How does bookmaking work?

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Cheech
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Re: How does bookmaking work?

Post by Cheech »

Guess a I been lucky. No stiffs. Same person 20 years. Taught me. I play online. Not offshore. A check for gambling? No such a ting lol
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Re: How does bookmaking work?

Post by Cheech »

I had a bovids account for poker and props. I won on props two weeks in a row and they shut it off. Com men those offshore guys. Not bookies.
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Re: How does bookmaking work?

Post by Cheech »

*bovada
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Re: How does bookmaking work?

Post by Cheech »

Agree risk wherever you bet. I'd rather see my guy in person than call and talk to "chad". Matter of preference. All the best. I enjoy your posts. I assumed you weren't in us.
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

Cheech wrote:Guess a I been lucky. No stiffs. Same person 20 years. Taught me. I play online. Not offshore. A check for gambling? No such a ting lol
very common i get checks when I ever win at the casino and from offshore books. I claim all my gambing on my taxes. The irs has come after me in the past so i keep account everything.

yeah many locals have moved online
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

Cheech wrote:I had a bovids account for poker and props. I won on props two weeks in a row and they shut it off. Com men those offshore guys. Not bookies.
they may chase the good players. but I know locals who do that to . Allot of guys dont want the crazy prop bettors or the nut cases who light the board with parlays because they dont want the risk .

sucks they closed your account , i been with them a long time never had A issue
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

Cheech wrote:Agree risk wherever you bet. I'd rather see my guy in person than call and talk to "chad". Matter of preference. All the best. I enjoy your posts. I assumed you weren't in us.


Yeah I used to be A bookie. It just isnt worth for me at this point. to take a pinch now wouldnt be worth it . I know many locals but they dont give me the best lines. I bet allot of baseball, props and nba i just get better numbers online.
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
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Snakes
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Re: How does bookmaking work?

Post by Snakes »

I get one free withdrawal every thirty days with 5Dimes. I usually just get a Moneygram and since it's usually only a couple hundred dollars it's not a big deal. I have heard of guys having Moneygrams or Western Unions canceled because they withdrew too much money (like a couple thousand).
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Snakes
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Re: How does bookmaking work?

Post by Snakes »

I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
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FriendofHenry
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Re: How does bookmaking work?

Post by FriendofHenry »

Stroccos wrote:
Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
How come none of the BMs I knew never issued a w2-g ;)
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

FriendofHenry wrote:
Stroccos wrote:
Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
How come none of the BMs I knew never issued a w2-g ;)
Lmao because your a mush u never cashed a ticket in your life hahaha
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

FriendofHenry wrote:
Stroccos wrote:
Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
How come none of the BMs I knew never issued a w2-g ;)
They don't issue you one , I voulantary disclose All offshore and wagers I make locally. I was came after by the irs. someone told the FBI about allot of gamblers , I was also present at a few raids . Since they couldn't bring a indictment they had the Irs stick a microscope up my ass .
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
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FriendofHenry
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Re: How does bookmaking work?

Post by FriendofHenry »

Stroccos wrote:
FriendofHenry wrote:
Stroccos wrote:
Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
How come none of the BMs I knew never issued a w2-g ;)
Lmao because your a mush u never cashed a ticket in your life hahaha
Me - a mush - Come on now. Fortunately I was never bet sports, only golf and poker. If you know anything about my "Friends" then you know why I never bet sports.
Back in the day on Tuesday nights, at least in my joint, the envelopes mostly went one way. They sure weren't headed in the direction of the squares ;-)
"Never walk in a room unless you know your way out" - Henry Zottola
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Stroccos
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Re: How does bookmaking work?

Post by Stroccos »

FriendofHenry wrote:
Stroccos wrote:
FriendofHenry wrote:
Stroccos wrote:
Snakes wrote:I believe that unless you win more than 10 g's in a year, it's not necessary to declare them for tax purposes. I could be wrong, though.
you have to declare any winnings weather its 500 or 1 million. but you can write off your losses against your wins. if you sign the w2-g it gets automatically sent in the turbo tax site breaks it down

http://blog.turbotax.intuit.com/income- ... axed-8891/
How come none of the BMs I knew never issued a w2-g ;)
Lmao because your a mush u never cashed a ticket in your life hahaha
Me - a mush - Come on now. Fortunately I was never bet sports, only golf and poker. If you know anything about my "Friends" then you know why I never bet sports.
Back in the day on Tuesday nights, at least in my joint, the envelopes mostly went one way. They sure weren't headed in the direction of the squares ;-)
Yeah I agree , better to be running the gambling but I need some action to keep me sane
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
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