All Forums | Boxing

how to bet $10k without being in vegas

...
Participants:
Search model icon
Views: 2826
Posts: 19
 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #1
how can i make a SINGLE wager of $10k on the fight? if am not in las vegas?

Thanks
 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #2
what are my options?
 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #3
no one knows? most online sportsbook limits are very low..please pour your comments on the options possible

A single $10k wager

thanks
 
Prospect
Participation Meter
Joined: Apr, 2007
Posts: 382
Posted: #4
Quote Originally Posted by fcksptbtng:

how can i make a SINGLE wager of $10k on the fight? if am not in las vegas?

Thanks
Go to Macau...
 
Veteran
Participation Meter
Joined: Mar, 2014
Posts: 3152
Posted: #5
Give the money to me since i will be in Vegas that weekend and trust me to send the funds back if you win at a 10% commission.


 
Rookie
Participation Meter
Joined: Jan, 2010
Posts: 774
Posted: #6

Good luck with that, online books limits are low, not to mention who would want them to have that much of your cash. If you are going to bet that much you should just fly out before the fight and add the cost of the stay in your bet (since you are sure enough to bet 10K on a fight)

Be careful  boxing is a shady sport, the fight game is the most fixed sport of them all and this high profile fight would be the perfect opportunity to make a killing off the betting public.

 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #7
Is it true that casinos in las vegas make you pay tax when you win up to certain amount? I was reading this article online that says they can keep 25 to 30% of winnings for IRS tax

true or not?
 
Veteran
Participation Meter
Joined: Mar, 2014
Posts: 3152
Posted: #8
Quote Originally Posted by fcksptbtng:

Is it true that casinos in las vegas make you pay tax when you win up to certain amount? I was reading this article online that says they can keep 25 to 30% of winnings for IRS tax

true or not?


Yes...just break up your bet and you will be fine.

2 $3k and change bets and you will be fine.
 
Veteran
Participation Meter
Joined: Mar, 2014
Posts: 3152
Posted: #9
Quote Originally Posted by cd2010:

Good luck with that, online books limits are low, not to mention who would want them to have that much of your cash. If you are going to bet that much you should just fly out before the fight and add the cost of the stay in your bet (since you are sure enough to bet 10K on a fight)

Be careful  boxing is a shady sport, the fight game is the most fixed sport of them all and this high profile fight would be the perfect opportunity to make a killing off the betting public.





As i will be in Vegas that night i plan to bet what i can afford to lose on the fight because anything could happen and don't want to fly back home broke and destroyed.
 
Veteran
Participation Meter
Joined: Mar, 2014
Posts: 3152
Posted: #10
Quote Originally Posted by StackMyLoot:



Yes...just break up your bet and you will be fine.

2 $3k and change bets and you will be fine.


Meant 3 but yeah just break up the bet and don't bet the whole 10k at once or same book go to multiple ones and you will avoid the procedure.
 
Prospect
Participation Meter
Joined: Apr, 2007
Posts: 382
Posted: #11
Quote Originally Posted by fcksptbtng:

Is it true that casinos in las vegas make you pay tax when you win up to certain amount? I was reading this article online that says they can keep 25 to 30% of winnings for IRS tax

true or not?
It all depends how much you win in different sporting events and casino games. If you're Canadian, you can apply to get back some of the withholding tax. Google search 10.1 Nevada Gambling for more info.
 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #12
does this tax apply to online sportsbook as well?
If i win a lot of money like turn $2,000 into $20,000
will they withhold tax?

My understanding is these sportsbook are offshore
so it shouldnt be

but asking to confirm

Thanks
 
Hall of Fame
Participation Meter
Joined: Jan, 2015
Posts: 20652
Posted: #13

Quote Originally Posted by fcksptbtng:

does this tax apply to online sportsbook as well?
If i win a lot of money like turn $2,000 into $20,000
will they withhold tax?

My understanding is these sportsbook are offshore
so it shouldnt be

but asking to confirm

Thanks

the feds get theirs no real way around this if you are a non national or part of us terrotorities then you can get this back.

but good luck only way to duck a ten99 is to make a series of wagers that once won will add to 799 in multiple places that don't have a common corporation affiliation.... 

 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #14
Quote Originally Posted by nature1970:

the feds get theirs no real way around this if you are a non national or part of us terrotorities then you can get this back.

but good luck only way to duck a ten99 is to make a series of wagers that once won will add to 799 in multiple places that don't have a common corporation affiliation.... 



Don't get what you mean
can you be more clear?

i asked if online sportsbook withhold tax as well
 
Hall of Fame
Participation Meter
Joined: Jan, 2015
Posts: 20652
Posted: #15

Quote Originally Posted by fcksptbtng:



Don't get what you mean
can you be more clear?

i asked if online sportsbook withhold tax as well
online sports books are not legal.....

only way to use these can be utilized is swiss or cayman islands bank accounts allow us citizens to gamble but the feds will not tolerate tax evasion.... swiss have a lose understanding with the irs but bank accounts must be obseen to become a issue cayman islands is a state unto itself. but incorpation proceedings need to be addressed buy a ticket go to vegas and gamble legal my best advice. 

 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #16
Quote Originally Posted by nature1970:

online sports books are not legal.....

only way to use these can be utilized is swiss or cayman islands bank accounts allow us citizens to gamble but the feds will not tolerate tax evasion.... swiss have a lose understanding with the irs but bank accounts must be obseen to become a issue cayman islands is a state unto itself. but incorpation proceedings need to be addressed buy a ticket go to vegas and gamble legal my best advice. 



What do you mean online sportsbook are illegal?
Well it is legal to bet online
am not a criminal for betting online

and am asking about paying tax here, going to vegas doesnt stop paying tax as mentioned above
 
Banned
Participation Meter
Joined: Sep, 2013
Posts: 296
Posted: #17
anyone want to answer the question?
 
Veteran
Participation Meter
Joined: Feb, 2006
Posts: 3172
Posted: #18
no taxes online sportsbook. where are you from? you must be in a shelter or something. you act like you don't know anything.do some homework if you want to get answers. Go to goggle. grow up and act like a man.
 
 
All-Star
Participation Meter
Joined: Oct, 2008
Posts: 11310
Posted: #19
Depends where you are, a bet of that size you'll surely need to put at least 50% upfront esp w/o having someone credible to vouch for you.  Btwn two guys you'll be able to get this type of action down in NYC. 
All Forums | Boxing
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2024 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.