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FFA Wagering Thread: THERE HE IS!@! (9 Viewers)

I've never had a +EV year to report. :shrug:
doesn't matter in the eyes of the IRS...technically you are supposed to report all winnings, and then you are allowed to deduct losses up to that amount.

but you cant just go an report the net win/loss
hmm

ive never received a package :butthead leaugh:

I guess I'll look into
I've only reported when I get a W2-G for horse racing. I don't think I'm at high risk for audit either, so I'm willing to take my chances and I'm not raking in big dollars like some of these guys...just saying the law says you should report any and all winnings
Looks like it's easy to report winnings but near impossible to deduct losses. F'ing awesome.

I always take the standard deduction but I'm not sure if my income bracket doesn't put me in a high risk arena for an audit.

This is annoying. I have a few thousand worth of poker winnings with Otis that I guess I'll need to throw on there. fml

 
3.25% of returns over $200k were audited.

Over $1MM annually and your odds are about 1 in 9.

Under $200k and you have less than a 1% shot at an audit.

 
Anthony Davis' best numbers (by far) are on zero days rest this year: 29.9 pts, 11.1 reb, 2.5 blk, 1.5 stl, 63.0 FG% on a 10-gm sample size.

Davis over 25

 
I can't deposit Bovada checks via ATM since they are from a Canadian bank. Not sure what they mean but Chase ATMs don't take them in my experience. Not a big deal to use a teller though.

 
just withdrew from Bovada...it said they prefer you deposit via ATM. Completely opposite than SB. Does everyone follow that advice?
ive done cc before cause it was easier and needed the money in there. The withdrawal process doesnt get any easier tho
no, i guess i meant they want you to deposit the check via ATM. does that make sense?
Yes makes sense...atms have improved around here....they force me to deposit any non USA based check at the bank

 
In 2007 if you would have started betting on the Hurricanes when they played the Sharks you would have gone 6-2 SU against an average line of 160.4. You would have returned 102.4% on your investment. If you limited those to road games only you would have gone 3-0 SU against an average line of 204.2 and returned 211% on your investment.

 
Mo said it best back in December about the huge UFC favorites. He said it gets to a point where you lay so much money it's like it's not as important if you win but just as long as you don't lose. Or something like that. It was a pretty good quote I've been meaning to give him props on because it changed the way I started looking at things.

 
Dropped an extra 850 on the UK ML at the start of the game.
:lmao:
Does this really make you laugh?
Absolutely.
did i not see a DD post about less a week ago in that Tremendous Upside thread about adjusting how we navigate these threads :grad:

i've been there before fantasycurse, chasing is no bueno. hope Kentucky at least wins for you
:lmao:

Let me see the extra $850 slip and I'll never say anything again. I wasn't busting his balls because he might lose the bet, but apparently you missed that.

 
Dropped an extra 850 on the UK ML at the start of the game.
:lmao:
Does this really make you laugh?
Absolutely.
did i not see a DD post about less a week ago in that Tremendous Upside thread about adjusting how we navigate these threads :grad:

i've been there before fantasycurse, chasing is no bueno. hope Kentucky at least wins for you
:lmao:

Let me see the extra $850 slip and I'll never say anything again. I wasn't busting his balls because he might lose the bet, but apparently you missed that.
i miss a lot man. ask my wife. that is no bueno as well

 
You ####ers couldn't foul one more time? Jesus christ this is just brutal.
:lmao: I said the exact same thing. the end of these CBB games are so funny with some teams fouling all the time, even down like 17, and other teams just not even fouling. And there really isn't much rhyme or reason when they do it

 

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