Posted:
#1
After pondering this for several years, I am planning a move to Las Vegas in August to start a career as a pro sports bettor and I would really appreciate any help with some answers to these questions from anyone who might be able to answer them. Sorry if they are novice but will be really helpful for me for anyone who has the time to answer them, and it's much appreciated. I also realize there are some that say why do you have to move here, online books are better, etc.. and I respect those opinions but I am moving regardless so while having online accounts is something I do and will keep, im not looking for if I should or if I shouldnt.
1) I would like to spread my money into different sportsbooks so I can obviously shop for the best lines. What is the process of opening an account at one, i.e. do they give you a number and can you just bet without having to pass cash back and forth as long as you have enough money in it?
2) Following up question #1, what books allow you to phone in bets? Obviously for football, it's easier to get down to the strip, but for things like basketball where you are betting every night, or even playing halftime lines in football on Saturdays and Sundays, as a Nevada resident can you for example call in your bets at somewhere like the Bellagio or do you pretty much have to place the bets in person?
3) What are the limits on sides and totals at most places? It seems like the M will allow you to bet whatever you want. Is that different than most places where the limits are fixed?
4) Are their any tax implications to worry about. I know that I am responsible for self reporting, but let's say I open an account up for 50K and cash it out at 150K later in the year, does that casino report it if I take out the 100K? And is it wise to save your losing tickets as well for IRS reporting purposes, or if you are betting on an account, get a printout monthly for your losses?
5) I know the comps for sports bettors aren't like they are for casino gaming, slots, etc...but is it worth doing it or are their any particular books that have good comps programs for sports betting? Or is it better to just keep your anonymity?
6) What is the best place to live at? I am leaning toward renting a house where I can have a nice office with a significant multi TV setup. That kind of rules out a high rise that would be on the strip so what are the best areas in terms of location to look for something in the 1k-2k/month range? Depending on if driving to the strip is going to have to be something done nightly then the closer Id want to be. If I were able to call bets in, then closeness to the strip isn't as important. I dont have kids, I don't have to live in the nicest area in town, but don't want to live in the slums either, and would prefer an area that functions as a civilization outside of partying, gambling, and drinking.
Thanks again for your help on answering any of these and any other info or tips anyone has. I really appreciate it.
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Mom's basement.......That is the truth 7up hey enjoy it out there I was thinking about moving there as well........It's a great market to bye in.
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