Just joined this site and found about about this streak contest. At first, I thought that giving up 7 points at home was a lot, but when I checked out Brooklyn's recent home losses, it seems that they are not always losing at home, but losing by more than 7 points. So it does seem like a good pick.
0
Just joined this site and found about about this streak contest. At first, I thought that giving up 7 points at home was a lot, but when I checked out Brooklyn's recent home losses, it seems that they are not always losing at home, but losing by more than 7 points. So it does seem like a good pick.
Contest winnings are not gambling winnings so he would not be able to deduct his hedge bet. I hope he wins the $100k but why not take at least the $25k he has already won and put it on the Nets. I believe there is no state income tax in Florida like us here in California so the tax hit is not as bad.
How on earth does one deposit that type of money with huge red flags and records with your bank? It's not an option for some people.
0
Quote Originally Posted by salamiman:
Contest winnings are not gambling winnings so he would not be able to deduct his hedge bet. I hope he wins the $100k but why not take at least the $25k he has already won and put it on the Nets. I believe there is no state income tax in Florida like us here in California so the tax hit is not as bad.
How on earth does one deposit that type of money with huge red flags and records with your bank? It's not an option for some people.
How on earth does one deposit that type of money with huge red flags and records with your bank? It's not an option for some people.
Taxes should be with held prior to being paid his contest winnings. My post was as a suggestion to protect his winnings. It's fine that you don't agree with me. We both do agree that winning the additional $75k would be sweet. GL Brackson!
0
Quote Originally Posted by nbafan88:
How on earth does one deposit that type of money with huge red flags and records with your bank? It's not an option for some people.
Taxes should be with held prior to being paid his contest winnings. My post was as a suggestion to protect his winnings. It's fine that you don't agree with me. We both do agree that winning the additional $75k would be sweet. GL Brackson!
"Read between the lines"? Ok, well just know that it is possible to recognize and appreciate greatness without overwhelming the dude with relentless brown nosing and desperate attempts to become his best buddy. I mean you literally are trying to proposition a business venture with him on this board.. Of course I know Brackson has your back because you've been there since "day 1", not to mention your shameless man crush.. so I'll let it be.. But you are no more mesmerized by this unbelievable streak than anyone else, and me disagreeing with you doesn't make me a "hater", just means I think you're ridiculous. That's all. And to Brackson, I know you don't need it, but I'll state it again. GOOD LUCK, WE'RE ALL COUNTING ON YOU!
Just let it go Sir. There is no shame or anything ridiculous in conducting oneself as a gentleman in the proposal of good business decisions and comradarie. Now kindly stop posting this here, I told you already what to do if you want to have a discussion with me. Your personal problems with me will be placed on my personal page or consider yourself a flamer and troll or are you just another paid losing tout trying to start a fight?. Thank You.
0
Quote Originally Posted by All3ofThese:
"Read between the lines"? Ok, well just know that it is possible to recognize and appreciate greatness without overwhelming the dude with relentless brown nosing and desperate attempts to become his best buddy. I mean you literally are trying to proposition a business venture with him on this board.. Of course I know Brackson has your back because you've been there since "day 1", not to mention your shameless man crush.. so I'll let it be.. But you are no more mesmerized by this unbelievable streak than anyone else, and me disagreeing with you doesn't make me a "hater", just means I think you're ridiculous. That's all. And to Brackson, I know you don't need it, but I'll state it again. GOOD LUCK, WE'RE ALL COUNTING ON YOU!
Just let it go Sir. There is no shame or anything ridiculous in conducting oneself as a gentleman in the proposal of good business decisions and comradarie. Now kindly stop posting this here, I told you already what to do if you want to have a discussion with me. Your personal problems with me will be placed on my personal page or consider yourself a flamer and troll or are you just another paid losing tout trying to start a fight?. Thank You.
If it were me I would fly out to Vegas or have someone in Vegas bet at least 20-25K to hedge it...
Good luck Jackson on Portland...I hope they win and cover for you. Amazing run. You are now the record high streak holder of all time on Covers with 24 and hopefully 25+
0
If it were me I would fly out to Vegas or have someone in Vegas bet at least 20-25K to hedge it...
Good luck Jackson on Portland...I hope they win and cover for you. Amazing run. You are now the record high streak holder of all time on Covers with 24 and hopefully 25+
These guys (covers) are in Ireland, dude they're not with-holding for Uncle Sam.
Is the above true?! As an Irish guy myself and a long time sports bettor, even I didn't know this!
___________________________________
Anyway, congrats and best of luck with Portland, Brackson. Was leaning Portland myself, posted reasons in the NBA forum earlier. Hope you don't go tout like some are suggesting bizarrely, though I'd understand the other side of the coin if you did go that route somewhat.
0
Quote Originally Posted by VEGAS25:
These guys (covers) are in Ireland, dude they're not with-holding for Uncle Sam.
Is the above true?! As an Irish guy myself and a long time sports bettor, even I didn't know this!
___________________________________
Anyway, congrats and best of luck with Portland, Brackson. Was leaning Portland myself, posted reasons in the NBA forum earlier. Hope you don't go tout like some are suggesting bizarrely, though I'd understand the other side of the coin if you did go that route somewhat.
Taxes? Thought this was paid from Canada, so if live in USA no pay taxes unless they somehow report to us ..um, nevermind, whatever bank you deposit will report the funds to IRS.
0
Taxes? Thought this was paid from Canada, so if live in USA no pay taxes unless they somehow report to us ..um, nevermind, whatever bank you deposit will report the funds to IRS.
So much good positive happy energy here and I have to have a troublemaker chasing me around. Last time I answer him, promise.
Well. I came here to say Thank You, after about 4 months of slowly bleeding out, I am back in the black. yes sir, Mr. Burd. My first real black ink in over 4 months. Playing, studying, day in, day out.
My return to attempting to learn to be a good capper afforded me the good grace to have met you Sir. I have had a little glimpse inside the mind of an actually good capper and I am embarassed to admit, I am no better than a coin flipper on my own, and I am gonna say it popular or not many of those paid cappers should be ashamed of themselves. For every 1 legit player like yourself, it is no stretch of the mind that there is at least 10,000 folks like me. The books, touts, casinos etc. look at us as just so much meat on the hoof.
Thank You for the glimpse of a brilliant mind. You singlehandedly showed me I was correct in believing it can be done. I just dont think I will ever get that good and dont wish to dig another hole for myself, so when you quit, I either quit or go back to making 10 dollar bets, I will not give those lying, cheating thiefs another nickel of my hard earned money.
May good follow you and yours forever and a day! Thank You.
0
So much good positive happy energy here and I have to have a troublemaker chasing me around. Last time I answer him, promise.
Well. I came here to say Thank You, after about 4 months of slowly bleeding out, I am back in the black. yes sir, Mr. Burd. My first real black ink in over 4 months. Playing, studying, day in, day out.
My return to attempting to learn to be a good capper afforded me the good grace to have met you Sir. I have had a little glimpse inside the mind of an actually good capper and I am embarassed to admit, I am no better than a coin flipper on my own, and I am gonna say it popular or not many of those paid cappers should be ashamed of themselves. For every 1 legit player like yourself, it is no stretch of the mind that there is at least 10,000 folks like me. The books, touts, casinos etc. look at us as just so much meat on the hoof.
Thank You for the glimpse of a brilliant mind. You singlehandedly showed me I was correct in believing it can be done. I just dont think I will ever get that good and dont wish to dig another hole for myself, so when you quit, I either quit or go back to making 10 dollar bets, I will not give those lying, cheating thiefs another nickel of my hard earned money.
May good follow you and yours forever and a day! Thank You.
Nice writeup of the Portland-BKN game. It seems that all the trade rumors and the team being on the selling block finally broke Nets back. Those b2b losses by 30+ points were pretty unacceptable. My only concern is that the Blazers sometimes start slow, sometimes way too slow. GL.
0
Nice writeup of the Portland-BKN game. It seems that all the trade rumors and the team being on the selling block finally broke Nets back. Those b2b losses by 30+ points were pretty unacceptable. My only concern is that the Blazers sometimes start slow, sometimes way too slow. GL.
Lots of issues here. Let's talk taxes first. If you're an American it doesn't matter where the money comes from you have to report it on your Tax Return even if they don't take out the money which Covers has already stated in the past they don't do that. So the result is All Americans that win will have to pay taxes on their winnings. You can't hide $25,000 much less $100,000 from the IRS. All deposits over $3000 whether you know this or not are reported to the IRS. All cash deposits over $1000 are reported to Homeland Security whether you know this or not. That comes from the Patriot Act and that amount has been lowered from the original $3000 Cash deposit with Congressional approval. That's a fact.
0
Lots of issues here. Let's talk taxes first. If you're an American it doesn't matter where the money comes from you have to report it on your Tax Return even if they don't take out the money which Covers has already stated in the past they don't do that. So the result is All Americans that win will have to pay taxes on their winnings. You can't hide $25,000 much less $100,000 from the IRS. All deposits over $3000 whether you know this or not are reported to the IRS. All cash deposits over $1000 are reported to Homeland Security whether you know this or not. That comes from the Patriot Act and that amount has been lowered from the original $3000 Cash deposit with Congressional approval. That's a fact.
This hedging talk is so played out it's not even funny. First of all hedging when you already have a guaranteed $25K on a free contest is beyond stupid. 95% of the people in this country don't even have $10,000 to even hedge with. Let's start there. You don't get the $25K until streak is over because as the rules state you get either the Grand Prize of $100K or $25K depending on your streak. So he doesn't have the $25K in his account. I can understand a small hedge for the W21 just to lock a little more money but after that it's impractical, unnecessary and frankly 99% of you talking about hedging all this money don't have the money to do it with either. I'm just keeping it real.
0
This hedging talk is so played out it's not even funny. First of all hedging when you already have a guaranteed $25K on a free contest is beyond stupid. 95% of the people in this country don't even have $10,000 to even hedge with. Let's start there. You don't get the $25K until streak is over because as the rules state you get either the Grand Prize of $100K or $25K depending on your streak. So he doesn't have the $25K in his account. I can understand a small hedge for the W21 just to lock a little more money but after that it's impractical, unnecessary and frankly 99% of you talking about hedging all this money don't have the money to do it with either. I'm just keeping it real.
So much good positive happy energy here and I have to have a troublemaker chasing me around. Last time I answer him, promise.
Well. I came here to say Thank You, after about 4 months of slowly bleeding out, I am back in the black. yes sir, Mr. Burd. My first real black ink in over 4 months. Playing, studying, day in, day out.
My return to attempting to learn to be a good capper afforded me the good grace to have met you Sir. I have had a little glimpse inside the mind of an actually good capper and I am embarassed to admit, I am no better than a coin flipper on my own, and I am gonna say it popular or not many of those paid cappers should be ashamed of themselves. For every 1 legit player like yourself, it is no stretch of the mind that there is at least 10,000 folks like me. The books, touts, casinos etc. look at us as just so much meat on the hoof.
Thank You for the glimpse of a brilliant mind. You singlehandedly showed me I was correct in believing it can be done. I just dont think I will ever get that good and dont wish to dig another hole for myself, so when you quit, I either quit or go back to making 10 dollar bets, I will not give those lying, cheating thiefs another nickel of my hard earned money.
May good follow you and yours forever and a day! Thank You.
The guy is a Troll and he's just messing with you because you keep responding. Don't feed the Trolls my friend. His Girlfriend probably left him for some Highroller and he's hating life ever since. Who knows and frankly who cares. I don't know you from Adam but you seem like a genuine gentlemen to me and I appreciate your sincerity and how you have conducted yourself on this thread that I started for Brackson. So there is no need for you to feel bad about expressing yourself in any way shape or form and if somebody has a problem with it... guess what? That's their problem. Keep it their problem. You don't have to respond to this guys insecurity. He most likely has Daddy issues to go along with the fact his Girlfriend left him. So don't even worry about it.
0
Quote Originally Posted by ALILHELPPLEASE:
So much good positive happy energy here and I have to have a troublemaker chasing me around. Last time I answer him, promise.
Well. I came here to say Thank You, after about 4 months of slowly bleeding out, I am back in the black. yes sir, Mr. Burd. My first real black ink in over 4 months. Playing, studying, day in, day out.
My return to attempting to learn to be a good capper afforded me the good grace to have met you Sir. I have had a little glimpse inside the mind of an actually good capper and I am embarassed to admit, I am no better than a coin flipper on my own, and I am gonna say it popular or not many of those paid cappers should be ashamed of themselves. For every 1 legit player like yourself, it is no stretch of the mind that there is at least 10,000 folks like me. The books, touts, casinos etc. look at us as just so much meat on the hoof.
Thank You for the glimpse of a brilliant mind. You singlehandedly showed me I was correct in believing it can be done. I just dont think I will ever get that good and dont wish to dig another hole for myself, so when you quit, I either quit or go back to making 10 dollar bets, I will not give those lying, cheating thiefs another nickel of my hard earned money.
May good follow you and yours forever and a day! Thank You.
The guy is a Troll and he's just messing with you because you keep responding. Don't feed the Trolls my friend. His Girlfriend probably left him for some Highroller and he's hating life ever since. Who knows and frankly who cares. I don't know you from Adam but you seem like a genuine gentlemen to me and I appreciate your sincerity and how you have conducted yourself on this thread that I started for Brackson. So there is no need for you to feel bad about expressing yourself in any way shape or form and if somebody has a problem with it... guess what? That's their problem. Keep it their problem. You don't have to respond to this guys insecurity. He most likely has Daddy issues to go along with the fact his Girlfriend left him. So don't even worry about it.
This hedging talk is so played out it's not even funny. First of all hedging when you already have a guaranteed $25K on a free contest is beyond stupid. 95% of the people in this country don't even have $10,000 to even hedge with. Let's start there. You don't get the $25K until streak is over because as the rules state you get either the Grand Prize of $100K or $25K depending on your streak. So he doesn't have the $25K in his account. I can understand a small hedge for the W21 just to lock a little more money but after that it's impractical, unnecessary and frankly 99% of you talking about hedging all this money don't have the money to do it with either. I'm just keeping it real.
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
0
Quote Originally Posted by smoothd20:
This hedging talk is so played out it's not even funny. First of all hedging when you already have a guaranteed $25K on a free contest is beyond stupid. 95% of the people in this country don't even have $10,000 to even hedge with. Let's start there. You don't get the $25K until streak is over because as the rules state you get either the Grand Prize of $100K or $25K depending on your streak. So he doesn't have the $25K in his account. I can understand a small hedge for the W21 just to lock a little more money but after that it's impractical, unnecessary and frankly 99% of you talking about hedging all this money don't have the money to do it with either. I'm just keeping it real.
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
Nah not me I'm Unstoppable! I'm going for it all Brotha and If I don't make it I'm good with the $26K. Think about this. You gotta borrow the money, fly to Vegas because you can't do that online. Limits are too low and it would take too long to get paid at least with Bovada. All the last minute arrangements to fly to Vegas or if you're in on the East Coast that dump you guys call Atlantic City. Too much stress and BS for me not to mention the whole Tax issue on that losing Hedge bet trying to subtract that from your winnings with the IRS. Good luck with that. That will open up a Pandora's box of BS you never wish you would have opened. No sir not for me. I'm going "All-In" straight no chaser and no hedging. No complications logistically and down the road with the IRS. I'm just an OG man and that's how I roll. Respect!
0
Quote Originally Posted by Unstoppable Force:
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
Nah not me I'm Unstoppable! I'm going for it all Brotha and If I don't make it I'm good with the $26K. Think about this. You gotta borrow the money, fly to Vegas because you can't do that online. Limits are too low and it would take too long to get paid at least with Bovada. All the last minute arrangements to fly to Vegas or if you're in on the East Coast that dump you guys call Atlantic City. Too much stress and BS for me not to mention the whole Tax issue on that losing Hedge bet trying to subtract that from your winnings with the IRS. Good luck with that. That will open up a Pandora's box of BS you never wish you would have opened. No sir not for me. I'm going "All-In" straight no chaser and no hedging. No complications logistically and down the road with the IRS. I'm just an OG man and that's how I roll. Respect!
I forgot to mention one other thing about that Hedge bet. Once you repay your "Investors" They will have to count it as Income if you report that you paid them which they wont like and if you don't report that you paid them you're paying taxes on money that you didn't get to keep because you're paying them back money from a losing hedge bet. So now you're a double loser to your investors and the IRS. All this because of a unnecessary Hedge bet. Let that reality sink in to all you Hedge betting promoters.
0
I forgot to mention one other thing about that Hedge bet. Once you repay your "Investors" They will have to count it as Income if you report that you paid them which they wont like and if you don't report that you paid them you're paying taxes on money that you didn't get to keep because you're paying them back money from a losing hedge bet. So now you're a double loser to your investors and the IRS. All this because of a unnecessary Hedge bet. Let that reality sink in to all you Hedge betting promoters.
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
Force, No offense meant, but Im just gonna tell you what I think.
My man is gonna win it all. I dont care about your bs hedge and even if he doesnt, he is so skilled he could do this in his sleep and make it again next month. so stick the hedge up your butt, I aint superstitious and luck is only a part of the game. so, ok, I got that off my chest, now, everyone stfu about hedge. HE DONT NEED IT.
Sorry, I said it. Now I will get back in my shell. Have a nice day! . Wow, that kinda felt good. Sick of all these hedge wussies, the man is playing like a Man Deal with it.
0
Quote Originally Posted by Unstoppable Force:
If you don't have the money to hedge..it doesn't mean someone you know can't make the investment for you? If not, you find someone and give them a % for laying the cash...it's guaranteed money instead of a 50/50. Why risk $75K (yes it's a free contest) but you are still have $75,000 on the line....you would rather risk it and waste an incredible run to be stuck with only $25K rather than $50-60K or 75-80K if you lost the hedge? Whatever the amount on a hedge to guarantee somewhat of a profit regardless? Even if it was $1000 or $2000...at least you will have a little something extra 100% guaranteed. Just my opinion...if it were me.. I'd do anything in my power to hedge for a decent amount, regardless.
Force, No offense meant, but Im just gonna tell you what I think.
My man is gonna win it all. I dont care about your bs hedge and even if he doesnt, he is so skilled he could do this in his sleep and make it again next month. so stick the hedge up your butt, I aint superstitious and luck is only a part of the game. so, ok, I got that off my chest, now, everyone stfu about hedge. HE DONT NEED IT.
Sorry, I said it. Now I will get back in my shell. Have a nice day! . Wow, that kinda felt good. Sick of all these hedge wussies, the man is playing like a Man Deal with it.
for those of you that are skeptical of whether brackson will be paid after portland obliterates the nets tomorrow. covers is a multi million dollar company. although a 100k is a lot of money to most of us, all covers has to do is sell a few pop up ads. plus brackson's streak is generating a lot of new views (ratings).
it does make me wonder something though..... why is it that covers can issue a check for 100k to a usa resident, yet offshore books only send a max check of 3k when u want to withdraw winnings
0
for those of you that are skeptical of whether brackson will be paid after portland obliterates the nets tomorrow. covers is a multi million dollar company. although a 100k is a lot of money to most of us, all covers has to do is sell a few pop up ads. plus brackson's streak is generating a lot of new views (ratings).
it does make me wonder something though..... why is it that covers can issue a check for 100k to a usa resident, yet offshore books only send a max check of 3k when u want to withdraw winnings
Smooth, Thank You for the support. I was trying really hard to be nice to that reptile. Just being here, right place right time, witnessing a sweet piece of history, I gotta say, this is more fun than the upcoming toiletbowl/deflategate coming up. Thank You! O yeah, His girlfriend, yeah, shes with my brother now! ugh, im gettin fiesty at 420am hmmmmmmmmmmmm Gonna get me some Cold Cuts!!!! Whoooooooooooooooo
0
Smooth, Thank You for the support. I was trying really hard to be nice to that reptile. Just being here, right place right time, witnessing a sweet piece of history, I gotta say, this is more fun than the upcoming toiletbowl/deflategate coming up. Thank You! O yeah, His girlfriend, yeah, shes with my brother now! ugh, im gettin fiesty at 420am hmmmmmmmmmmmm Gonna get me some Cold Cuts!!!! Whoooooooooooooooo
Smooth, Thank You for the support. I was trying really hard to be nice to that reptile. Just being here, right place right time, witnessing a sweet piece of history, I gotta say, this is more fun than the upcoming toiletbowl/deflategate coming up. Thank You! O yeah, His girlfriend, yeah, shes with my brother now! ugh, im gettin fiesty at 420am hmmmmmmmmmmmm Gonna get me some Cold Cuts!!!! Whoooooooooooooooo
Are you talking about me? When did you join this site...3 months ago? Go away
0
Quote Originally Posted by ALILHELPPLEASE:
Smooth, Thank You for the support. I was trying really hard to be nice to that reptile. Just being here, right place right time, witnessing a sweet piece of history, I gotta say, this is more fun than the upcoming toiletbowl/deflategate coming up. Thank You! O yeah, His girlfriend, yeah, shes with my brother now! ugh, im gettin fiesty at 420am hmmmmmmmmmmmm Gonna get me some Cold Cuts!!!! Whoooooooooooooooo
Are you talking about me? When did you join this site...3 months ago? Go away
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.