***Season Long NCAA In-Game***
- Thread starter ProV1Colt
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booksbestfriend
On Johnny's Shitlist
What is this "winnings" thing you speak of?
Ed Oliver at running back. Should be illegal for safety of defenders lol
carolinablue
College Football Guru
Been doing this a long time, took me a while before I learned the concepts of having a disciplined strategy, not letting emotion get in the way of decision making and solid money management skills (econ degree helps there definitely), but once I did it made things much better all the way around, not just from a financial health standpoint but an emotional health standpoint as well.
booksbestfriend
On Johnny's Shitlist
CTG does have an "unlike" button. Problem is, you have to like something first.
carolinablue
College Football Guru
Plus always remember that all Uncle Sam wants is his share and you won't encounter any issues!
booksbestfriend
On Johnny's Shitlist
Tiger blood
Dislike
carolinablue
College Football Guru
haha....you will learn.
You would love 2 systems I am involved in then. MLB & NHL.
I'd say emotion and money management are very difficult to control
booksbestfriend
On Johnny's Shitlist
Someone hss to pay my federal salary, so keep winning.
What are you saying?
Wow athletic pick.
carolinablue
College Football Guru
turnovers...here we go...time to switch the channel, I can't watch this, it will give me an ulcer LOL
Tigers Blood shaved ice.... fucking taste great
My go to
carolinablue
College Football Guru
Don't avoid reporting your winnings.
rambler882
Head of the Justin Fields Fan Club
Well. May burn my fresno ticket if a td here
UC Santa Barbara vs UC Davis last year was absolutely an example of point shaving
booksbestfriend
On Johnny's Shitlist
Push em back, push em back, wayyyyy back
Doesn't everybody avoid?
rambler882
Head of the Justin Fields Fan Club
Can you report your losses? Lol
carolinablue
College Football Guru
Yes as long as they aren't greater than your winnings.
Speaking of that..... May be getting my Q Clearance back if I move back home.
booksbestfriend
On Johnny's Shitlist
Sure. The IRS lijes a good laygh.
Gambling needs to be legalized to facilitate reporting. Then no need to even think of killing higher education by taxing grad students
rambler882
Head of the Justin Fields Fan Club
Honest question. You can report them even if using 5dimes etc? Or only if going via vegas etc?
carolinablue
College Football Guru
Most don't win over the course of a year so probably don't even think about it to be honest, but not worth it to try and hide if you are talking any decent amount of money. Not worth the trouble in my opinion, but everyone is different, and I can respect that.
There is no question on your form about where the winnings come from.
booksbestfriend
On Johnny's Shitlist
Nice. Bailey suitef up for Hou
Technically you're supposed to report a 50 dollar bill you find on the streets.
rambler882
Head of the Justin Fields Fan Club
Interesting. Never thought about this
Only report if you fill out a tax form.
What if your profit is like 50 dollars? Seriously going to stress about that? It's not income worth reporting unless it's a job or unless it's a lot of income.
What if your profit is like 50 dollars? Seriously going to stress about that? It's not income worth reporting unless it's a job or unless it's a lot of income.
So many ugly kicks today
booksbestfriend
On Johnny's Shitlist
Can i claim losses as donations to the ganbling god. Freadom of religion and I worship Dailey with tithe
carolinablue
College Football Guru
I would argue that is leading with a false opening statement, but not trying to get all attorney-ish here.
Whatever. I report. Just feel like a sucker for doing so when I don't exactly make thousands.
carolinablue
College Football Guru
College kicking overall seems to have gotten worse over time. Sometimes I wonder if I should get my son into kicking as he could probably get a scholarship if he could consistently make it from 40 yards out.
Now If you get audited.... you surely would have to report from where?
I assume you would request your total loses from your book, and they can provide it.
Say I contact BOL and request all my tickets from 2017, they should be able to provide that I believe
It's the only way of playing in the NFL without lifelong CTG or whatever that thing is called maybe i'm thinking of something else
What if you have a bookie and you can't access winnings and losses?
booksbestfriend
On Johnny's Shitlist
Do the online books keep records for you. I can look at mine Dailey or weekly with my locals site
carolinablue
College Football Guru
The likelihood of getting audited for something related to this is so small as there are so many other red flags that trigger audits and this isn't one of them. I will make a caveat here and say I am not a tax attorney, just a financial guy who studies tax policy because I am an economics nerd who likes that kind of stuff, plus I like to optimize my tax situation each year to ensure I am not leaving anything on the table either way.
I'm not sure I know any of my gambling friends who actually report
carolinablue
College Football Guru
BOL has a ledger that can be accessed at any time. All I do is go to my account and set the time period and I can see all my transaction figures. That makes it easy for me to calculate my record and units won and loss each week so quickly.
Red flags like? pushing thousands into bank account at one time, probably. i would say if you're moving big money into an account you should do so in increments instead. That's what my bookie does and he says he never gets stress as long as he deposits less than 10k at once
I would absolutely think so.
I'll do a quick query of my tickets inn BOL and select a "range"
rambler882
Head of the Justin Fields Fan Club
After i signed up for BOL my identity was stolen within a month. Never using them again
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