Posted:
#1
Guys, I am very serious about becoming a professional gambler and was
thinking about moving to Vegas to pursue my dream. I have spent my
whole life around the world of gambling and personally feel like I can
be one of the few people in this world who make it in the sports
gambling world. I put trials together to see how I do over the years
and have had very good success with seasons in the 58-60%, but I do put
in a lot of time handicapping. I am in college, but I put in atleast
5-6 hours a day doing research and I would love to put in more time
being able to do this as a professional. I know that is a rarity to
make it in this field but I have confidence that I can succeed.
Anyways, I was wondering what you think about the fact that Vegas
supposedly doesnt accept any big plays anymore and how all these
"wiseguys" are having trouble getting in big bets in Vegas now? My
main question is there is all these professional handicappers saying
they live on the east coast, so my assumption is they are using
offshore books, but as a professional when this is your only source of
income, how can you honestly trust these offshore books so much and it
seems weird that you have to report winnings on your taxes as a
professional gambler on something that is illegal like gambling with
these offshore gambling websites. I'm taking a shot and thinking about
risking it all in Vegas, but can I stay on the east coast and not give
up everything and try to take a chance with the offshore books? If I
end up winning through that, do I report something illegaly on my
taxes?
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