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*** OFFICIAL *** FFA WAGERING THREAD - Merry Christmas!!! (8 Viewers)

My daughter(6) asked me what betting was the other day.  I always explain to them that I'm working when I'm on the computer but I think those days are soon numbered.  I have no idea how I'm going to explain my excessive gambling to my kids.
When we were watching WWE last night, my son looked at me and said "Daddy, you got every winner right so far". :bowtie:

 
I'm not a CPA but I'm tax certified. You can claim losses up the amount of your winnings. Therefore you can't take an overall loss but you can lower your winnings, professional or not.
So walking around and picking up losing bet slips at the track is smart then.

 
My daughter(6) asked me what betting was the other day.  I always explain to them that I'm working when I'm on the computer but I think those days are soon numbered.  I have no idea how I'm going to explain my excessive gambling to my kids.
Last yr for father's day the 6 yr old had I tie he colored, and it was stuff I do kinda thing.   He work so and so,  he loves to do this, he always says this, etc.  The one question. Was what is he best at, or what he likes to do and his answer was gambling

 
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Couple more I played:

Gostkowski +.5 fg over McDavid pts - line should be Gost -.5.  See if you can find this.

Ryan +1.5 pass td vs Tiger 4th round bogeys.  Screenshot this and make sure your book just counts bogeys (check Westgate prop list because they have the writing).  Anyway, I analyzed the final round scores from last year at Dubai.  Most bogeys made was 6 (1 golfer) and 2 guys had 5 bogeys.  Besides those 3 guys of 70, most guys were around 3 or less.  If Ryan beats his 2.5 number it will be tough to lose this.  If he gets to 2 I think it still has legs.

 
Is there a site where you can see how far the kickoff went into the end zone to try to analyze how risky a team is when bringing the ball out?  NFL.com just says kicked to end zone, touchback.

 
turbotax always asks me for net winnings on gambling income. never had to itemize anything. YMMV.
https://www.irs.gov/uac/newsroom/five-important-tips-on-gambling-income-and-losses-1

  1. You can claim your gambling losses up to the amount of your winnings on Schedule A, Itemized Deductions, under ‘Other Miscellaneous Deductions.' You must report the full amount of your winnings as income and claim your allowable losses separately. You cannot reduce your gambling winnings by your gambling losses and report the difference. Your records should also show your winnings separately from your losses.
 
Do you have to withdrawal it for it to be considered winnings? I only ended up $2kish in 2016 and have zero intentions of letting the IRS know. Seems like a coke dealer telling them his profit on how much powder he slang around. 

 
Do you have to withdrawal it for it to be considered winnings? I only ended up $2kish in 2016 and have zero intentions of letting the IRS know. Seems like a coke dealer telling them his profit on how much powder he slang around. 
I've had cashouts around that level and didn't bother reporting. IMO that in and of itself isn't going to get you flagged for an audit. If the rest of your books are in good order I'd not sweat it. Now if you're depositing lots of 4 and 5 figure checks like some of these guys... It's tougher to hide. 
 

 
Do you have to withdrawal it for it to be considered winnings? I only ended up $2kish in 2016 and have zero intentions of letting the IRS know. Seems like a coke dealer telling them his profit on how much powder he slang around. 
Here's an article on legality of playing online as a player: http://vegasclick.com/online/legal

TL;DR - It's not against federal law to play off-shore as a player. I think of it as an Al Capone trap - if you don't declare the winnings like you would gambling winnings earned within the US, you can get popped for tax evasion, not gambling offshore in and of itself.

 
can't figure out y
Don't you see what towels like these are capable of? You get out of the shower and dry yourself off. But then, the towel makes you drier and keeps on making you more dry. Can you imagine it? What it would be like to be way, way too dry? I'll tell you something. You don't want to know, and I don't know.

 
Don't you see what towels like these are capable of? You get out of the shower and dry yourself off. But then, the towel makes you drier and keeps on making you more dry. Can you imagine it? What it would be like to be way, way too dry? I'll tell you something. You don't want to know, and I don't know.
You're a towel

 
My daughter(6) asked me what betting was the other day.  I always explain to them that I'm working when I'm on the computer but I think those days are soon numbered.  I have no idea how I'm going to explain my excessive gambling to my kids.
I tell my son it's what makes the games more fun for me...like even games I wouldn't usually watch.  He likes it because we always have a team to root for.

 
@swirvenirvin

You may be right in regards to the returns prop.  Lewis had a return in the Pitt game and the Houston game where he was 2 yards and 1 yard deep respectively and didn't even think about taking the ball out of the end zone.  This was after he brought back a 98 yard kick to the house in the Houston game.  

Bosher first kick TB -215 for sure.  Still researching the other side.

 
@swirvenirvin

You may be right in regards to the returns prop.  Lewis had a return in the Pitt game and the Houston game where he was 2 yards and 1 yard deep respectively and didn't even think about taking the ball out of the end zone.  This was after he brought back a 98 yard kick to the house in the Houston game.  

Bosher first kick TB -215 for sure.  Still researching the other side.
good nice backup research i didnt look at where they were received I know I did last yr.  Just thinking good ol Bill doesnt like to give up any field position.

Do we know if roof closed for weather yet?

 
@swirvenirvin

You may be right in regards to the returns prop.  Lewis had a return in the Pitt game and the Houston game where he was 2 yards and 1 yard deep respectively and didn't even think about taking the ball out of the end zone.  This was after he brought back a 98 yard kick to the house in the Houston game.  

Bosher first kick TB -215 for sure.  Still researching the other side.
I remember the Pats were one of the first teams during the year to realize that with the new touchback rules the optimal KO strategy is to kick high and to the goal line so the opposing team would have to run it out.  they're third in opponent starting LOS/KO this year at an average of the 23.5 yard line.

 
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Think I'll have something solid for Mayweather/McGregor. I would be stunned if this didn't happen, there are just too many rubes out there who'd shell out for this.

 
Square or octagon?
Square, octagon's never ever gonna happen. Mayweather's only getting pulled back in because this is light work for a lot of money.

McGregor's going to be a big underdog and will get a lot of recreational bets on him at +800 to +1000, it's probably going to be fairly close odds between Mayweather decision and Mayweather KO, and honestly, the outcome is more or less up to Mayweather. If he wants to put on an exhibition and gets his normal unanimous decision and dance around McGregor all night, he can. If he wants to really try and pour it on...even though he's not carrying much power (for nearly his entire run at welterweight, if we're being honest), he's going to be able to hit McGregor at will, I think. 

 
Think I'll have something solid for Mayweather/McGregor. I would be stunned if this didn't happen, there are just too many rubes out there who'd shell out for this.
At first I thought the same but I don't think the UFC is going to bend on this one.  Not a chance Floyd gets in the ring for anything less than 6 figures and the UFC team was trying to lure him in for $25M which $$ insta laughed off. 

 
Square, octagon's never ever gonna happen. Mayweather's only getting pulled back in because this is light work for a lot of money.

McGregor's going to be a big underdog and will get a lot of recreational bets on him at +800 to +1000, it's probably going to be fairly close odds between Mayweather decision and Mayweather KO, and honestly, the outcome is more or less up to Mayweather. If he wants to put on an exhibition and gets his normal unanimous decision and dance around McGregor all night, he can. If he wants to really try and pour it on...even though he's not carrying much power (for nearly his entire run at welterweight, if we're being honest), he's going to be able to hit McGregor at will, I think. 
Was talking about this with some buddies last night and this was exactly what I was saying. Mayweather Decision -400 or better is value IMO. It may be -500 or -600. Mayweather TKO has some legs. Snowball chance in hell MacGregor catches him with a good one, but I can't see Floyd getting anywhere near a position that could cost him a haymaker to the face. 

 

 
At first I thought the same but I don't think the UFC is going to bend on this one.  Not a chance Floyd gets in the ring for anything less than 6 figures and the UFC team was trying to lure him in for $25M which $$ insta laughed off. 
Yep, IF this fight happens, it's on Money's terms. He has quite literally ALL the leverage. The only way he bothers with Connor is for a massive, massive payday. Not sure if Dana is capable of the ego check of sending his breadwinner out as a massive ##### (Financially and odds) to another fighter. Basically screams that UFC is 3rd or 4th fiddle to Boxing, still. 

 
Square, octagon's never ever gonna happen. Mayweather's only getting pulled back in because this is light work for a lot of money.

McGregor's going to be a big underdog and will get a lot of recreational bets on him at +800 to +1000, it's probably going to be fairly close odds between Mayweather decision and Mayweather KO, and honestly, the outcome is more or less up to Mayweather. If he wants to put on an exhibition and gets his normal unanimous decision and dance around McGregor all night, he can. If he wants to really try and pour it on...even though he's not carrying much power (for nearly his entire run at welterweight, if we're being honest), he's going to be able to hit McGregor at will, I think. 


Some espn dork said that if he fought McGregor he would move up on their personal rankings of top boxers. Cut that youtube video off quick after that.

 
At first I thought the same but I don't think the UFC is going to bend on this one.  Not a chance Floyd gets in the ring for anything less than 6 figures and the UFC team was trying to lure him in for $25M which $$ insta laughed off. 
Don't you mean 9 figures?

and while I think Floyd will be the rightful favorite, I do think McGregor would have a punchers chance here. If McGregor can cut off the ring and force Floyd to exchange anything can happen. :shrug:

 

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