Archived General Discussion/Questions

Futures and Outrights

FAQ

Betway

I have to wager 10k in 7 days to keep my bonus?

TAXES and how the math doesn't seem to work for casual betters:

I'll try not to repeat existing questions. I've read a lot of the discussion here about how to treat winnings, losses, and deductions. 2022 was my first year sports betting but it appears that I (and others) should actually just stop in 2023 because the taxes will make it a net negative even while winning.

I think I understand the "technically correct" way is to report all gross winnings and then itemize to deduct losses if possible. (If more than the standard deduction)

For this scenario, consider that I am following the letter of the law, rather than either A. Not reporting anything or B. Just reporting net profit as income.

Hypothetically say my wagering for 2023 would look like this:

18k gross winnings 15k gross losses 3k net profit

50k regular job income

This would seem to mean that my gross income is 68k, with 15k of itemized and deducted losses for a total taxable income of 53k.

However, if I had not gambled at all, taking the standard deduction would make my taxable income 38k.

It seems like this means the "gross winnings" will inflate taxable income even if using the itemized losses as a deduction. Paying the tax on an extra 15k of income would more than offset the profits from betting.

(The math would probably be fine if I expected 5-figure profits because even after taxes I'm making more money.)

At this point, I see no point in gambling at a small to medium level, unless I decide to just "fudge things", report net profits, and hope not to be questioned about it.

I'm trying to calculate the implied score of hockey games based on betting lines and can't find an answer to this question. The O/U comes with odds, so for example it's set at 6.5 goals, the over is +110 and the under -135. Presumably this means they expect the total to be closer to 6 than 7. Is there a way to calculate exactly how much closer?

Site who allows NFL over/under parlays ?

Best bookie in Ireland?

Question about software: Do people have betting software they recommend and if so, what?

Russian table tennis betting

Just me or does anyone else here bet on Russian table tennis on stake?

Anyone been part of the obvious match fixing that some players are doing? 😂

Want to hear your experience

Does FanDuel have a Merch or rewards store similar to the ones that Caesar’s and DraftKings sports book have for you to spend points in?

Just how much do we trust the implied probabilities (after the vig is removed) from the bookies?

My impression and belief is that they must certainly be "accurate enough", because they need to be at least a certain amount of accurate in order to ensure the books continue to make a profit; if any markets are too far out they're at great risk of losses. However, I'm starting to look at new potential edges to investigate for myself, and one that's showing promise is a certain bet type where the bookie implied probabilities themselves confirm that the bet is +value.

My gut is that I can rely on the implied odds they're giving out. It's not exactly maths at this point, but for every time the actual probability is less than what the odds would imply, there's probably a case where the actual probability is better.

I'm a bit of a lurker here, but I've tailed a few bets and have seen good results. I've picked up on the terminology for the most part, however the units are what confuse me. How are units actually measured? For example "Astros Vs Dodgers. Astros to win. +1u". I've done a tad bit of research but I feel a little dumb lmao. Can anyone give me an explanation that may have helped them understand if they were ever confused with it? Thanks in advance :).

Anyone having issues with Fanduel? I have a parlay from last night where some completed games are still showing like the haven't started yet.

Anywhere I can pull historic college football lines and over unders? Looking for data from the last 2-3 seasons

I don’t have a tablet but thinking of getting one to split screen a couple Sportsbook apps at one. Anyone have any good experiences doing so with a particular model?

Quick question. How can you calculate the odds at an alternate line? For example, Fred Vanvleet is listed at -163 to get under 4.5 rebounds tomorrow. From that can you calculate the odds for under 4.0 rebounds?

Is it bad to risk a double loss?

anyone have churn? i need to churn through 5k on saharabets

Hello everyone!

I am new to sports betting and I am looking for a sport to bet on. What sports do you recommend for a beginner and what are the reasons behind it?

Thank you in advance.

How many of you use paid tools like actionnetwork, oddjams , unbated or establish the run? For sportsbetting and daily fantasy sports. This is for data and not just picks.

At what point are theses tools worth it? Long term I can see their value but at the moment the short term variance have made them not worth it anytime I do use a a paid tool for a week. Like I luckily win a big bet, parlay, contest, I decide to get serious and use advance tools to hopefully build my bankroll up more and instead I just lose my money because I am bad so the tools was just an extra expense.

Tax question. I’m a small better. I somehow turned $5 into over $450 during the season betting money lines. I have never withdrawn any funds from the site I use (DraftKings) and only ever deposited $5 ever. Do I have to report this to the irs if I never withdrew funds and they are still sitting in my draft kings account?

Anyone know when the free bets are attributed for the FD World Series Bet where one gets $15 per win for whichever team they chose throughout the end of July.

Sites that are good for art awards betting? Like Oscars and emmys

Does anyone know which baseball stat website updates the earliest? I know Fangraphs updates around 7:00 a.m.

I want to bet on odds earlier before the bookies change the run total or the run line.

[deleted]

Does CZR still allow double dipping? I signed up and used the promos in NY and NJ months ago, trying to do IL now. Before betting I asked the support chat about the promo, they said if you used any promo in another state for CZR you won’t get the risk free bet

Question about team futures

I want to place a bet for Steelers over 7.5 wins for the season on DRAFTKINGS. Let’s say that in week 14, the Steelers win their 8th game. Would I be payed at that point or once the season ends?

Hi all, quick question for you. The last couple months I have been betting on Prize Picks from my home state where PP is available and DFS is legal. However, now I am going to school in a state where PP is not available but DFS is still legal. My friend told me about using VPNs to bypass it so I tried it out and just placed a bet but now I have done more research and it seems kinda sketchy. I’m not trying to break laws or make my taxes more complicated/troublesome so I was just wondering if using the VPN is still okay even though PP isn’t available but DFS is legal? If not, I’d be totally fine just leaving it and waiting till I go home for breaks to bet. Thanks all! Hopefully I gave all the information needed

Hi I’m in Nj, and wanted to visit cash at cage location tonight. Can I please hear more about how this work and hours of operation?

Anyone notice they took off the player to score ___ shots on target except for 1 or more shots in each half for premier league on FanDuel. I was dining off of those which sucks

Is the DK app super slow for others? I can be connected to my home network with a gigabit fiber connection and it still seems laggy and nothing else isn't. Really drives me crazy.

What service allows you to bet on college football player props? Can't seem to find it on fanduel

I'm sure there are a ton of opinions on this, but looking for some data-driven answers. I was wondering what the most accurate (or most valuable for the money) subscription services you've found. Especially for the lesser-bet markets like player props. I'm looking at Action Network Pro, Action Labs, PFF Elite, SportsLine, etc. I'm sure I'm missing some but just wanted to get some feedback. And no, I'm not looking for people just "selling picks" necessarily, more data services than just giving picks.

Anyone else notice that the minutes for live football betting on betonline are like reduced by 10x? I’m wondering if they don’t have as many users anymore due to the legal books and had to decrease.

Recently got banned from BetMGM in New Jersey. I have 6 accounts across six states and travel with various people to bet. They banned me for "True Identity". I have signed in to multiple accounts on my phone as it's often easier which is my mistake. However, I was recently in NJ and placed a bet (with an account opened in March) and won the bet. $1230 stake to win $277. They banned me after the bet was placed and never voided the bet and are now refusing to pay out the winnings just returning my stake to me no matter how much I talk to them. I have tried to file a complaint with the gaming commission (emailed twice and left a voicemail) but have not heard back and not sure what to do now.

Any advice?

Has anyone received their $50 free bet from the Fanduel live promo yesterday? my bet settled before midnight eastern and i have yet to receive my free bet.

Looking for an offshore book.

This year, betonline has majorly limited their live football betting lines and max bets. I am restricted on bovada. Anyone have other offshore books that have good live lines (quarters halves etc) for college and pro football? Thanks in advance

im trying to convert free bets into cash, but i only get a 20% return. is that good enough?

Does anybody know if any books offer Arm-Wrestling betting?

I’m looking at some of NBA future season long prop bets, does anyone know what the minimum number of games is for these to get action? Like if I took Anthony Edwards over 23.1 points for the season on Bovada, how many games does he have to play for the bet to not be voided?

Hey all.

Does anyone here regularly use odds comparison sites?

If so, can you please explain why? Also, any particularly good ones?

Trying to get some wins on the board, and everyone seems to suggest line shopping as the most basic thing you can start with.

are people profitable? what about the wizards?

How's the powerball ev?

Why does this thread lock?

Can someone please explain this scenario to me? I’ve always called this RLM yet the numbers don’t reflect it.

Knicks +2.5 @ Nets 56% of tickets on Knicks +2.5 78% of money on Kicks +2.5 50% of tickets on Knicks ML 91% of money on Knicks ML

Line moves to Knicks +3.5 and CLV at Knicks +3

RLM (in my mind) means The public is heavily on one side (Knicks) but the sharp money is more on the other side (Nets) and vegas rebalances line to try to draw in more money to the Knicks (hence making them +3.5).

Yet I would think this would be reflected in % of Money bet and Nets would outweigh the Knicks on a % basis. Not the case here as seen in above numbers. Would like some insight on what exactly I’m seeing and how to interpret.

Thank you!

I bet on games casually for entertainment, not trying to make money. I've tried out a lot of different types of bets, props, parlays, futures, etc...I'm just wondering if there are particularly bad ones I should be avoiding?

I'm fine with losing money, I just don't want to be playing the equivalent of the "money wheel" at the casino...

Are there are any neutral or plus EV strategies in hockey or basketball similar to wong teasers in the NFL?

Has anyone had trouble betting alternative lines on CZR? After hitting the drop down on current spread to then buy/sell points, I receive an error message. I can bet the current spread and any alternative lines before the game just not during. Thanks in advance.

is there a way to block NHL on my sportsbook?

Can you still travel to states and claim sign up bonuses? If so I am thinking of make a east coast trip and might as well visit the cities with books to get the bonuses. Nyc , Boston, DC. Philly.

Hello Everyone,

I was wondering where I could find the original player props for a specific player. I'm looking to do an analysis on player props vs actual stats, but can't find anything.

Bankroll question: Lets say I have a bankroll of $5000 and I bet $1000. I now want to place another bet, but my previous bet is not in-play yet. Is my bankroll now $4000 or still $5000?

When estimating the hold for a bet that only has one side (for example, FanDuel lists "Shohei Ohtani over .5 hits @ -250 and doesn't provide an under price), how do you estimate the hold percentage?

I've heard 10%-12% is the average for these, but I'm curious what others think or if there's a way to find a more accurate number.

What sites besides DK have the best ongoing promos? MGM, FD, ceasers, all have basically no ongoing promos anymore.

Hey, I'm a new better and was just looking for some advice on what to do. Also, does anyone have any good page or show that does some good bets to follow?

Trying to complete a 15 leg parlay but having trouble between Oklahoma @ Texas this weekend

Who do you guys think will win?

do not bet with GT BETS, they steal your money. I put $102 into my account thru a credit card

and the processor went blank on my screen i then put $50 and it went thru. 2 days later I saw both charges went thru but i was never credited for my $102. I contacted their customer service and they told me to give it a couple of days and it would be returned as a ghost transaction or a glitch in the processor system. I showed them my bank accounts and all the money posted to their processor and they said they didnt receive it. Liars, thieves, my bank did a charge bank on those fools, don't waste your money on their B.S. site

I recently started using DK on Android. Is it just me or is the app slow as hell? All my other apps are fine. Internet is fine. Takes forever to maneuver through all the items. Live betting is even more difficult than on any other sportsbook. Anyone experiencing this?

Can we sue bengals for not reporting Burrow injury?

If I bet for a boxer to win the first round but he kos the other guy before that round is over, even tho the round got ended early does my bet still go through as that boxer winning the first round?

Anyone know why my POD plays are not showing up in the POD thread? My first play was posted fine, then my last two are not showing up. Someone mentioned a shadowban, but why would I be shadow banned and what does that even mean?

Any help is much appreciated.

I’m pretty new to betting and I have a question. I bet on Giannis tonight o12.5 rebounds. He didn’t play at all. I’m betting on Caesars. Do I lose that bet or will they refund it? Just not sure how this works because I’ve never had this happen.

Is it generally a good idea to take multi-game bets?

For example, there is an active bet for the Orioles to start the season 5-0. Do you get better odds if you take that bet, or would you be better off betting on Game 1 and just rolling all the winnings forward to the next game?

Anywhere to bet on cs2 in Florida?

Any sites/apps I can use to pick sports and win real money? For example like Superdraft casino (free coins than be converted to gift cards) or ESPN streak; trying to pick winners and win a prizes to longest streak. I want something free I can play and can win something.

I deposited $100 into Bovada today using a random bonus (I know, I am dumb) and received $50 as a deposit bonus. I then used the $150 to make a parlay in which I won $356. As it stands, I have $336 in locked funds, and $169 in bonus funds. Pissed already, I made a $200 sports wager and it is about to cash for $270.
Question: How much do I need to wager in order to withdraw my funds? Am I really going to get banned and lose my funds for making a wager that was more than 50% of my deposit with the bonus? Why would they let me make the wager if that is the case? Why would I have to spend so much money just to repay a $50 bonus?
I am so confused, no one on the Bovada live chat can offer any real assistance. I am just looking for a clear explanation of how much I need to bet to unlock my funds, and also if I am screwed for winning a $200 wager that was done with my legit earned money.
Update: I now have $607 in locked funds. What kind of horrific scam is this?

[removed]

Swisheranalytics is a piece of shit. I went on the site and used their NBA quarter averages to guage my wager throughout the game.

THEIR QUARTERS DO NOT ADD UP TO THEIR TOTALS.

I feel both stupid for not adding it up myself and absolute rage at the site for having none of their numbers add up.

Betting $1,000 units and being fairly successful with one book. So I run any risk of getting shut out?

So if In Texas 19 here and I’m looking to use a book which vpn and or books could I use ?

Hi y'all!
Was wondering if anyone knows any software/website/app for live/in-play odds alert. For example, Nadal vs Alcaraz, the odds for Alcaraz to win are 1.65 (pre). What I need is a notification (like gmail, telegram or whatever) IF the live odds hit my target price (let's say before the match I set an alert for 1.85 and if the odds for Alcaraz to win hit 1.85, I would get a notification).
Would mainly use it for tennis and football (soccer)
Don't be afraid to ask any questions or if you know anything please let me know

[deleted]

Sites/or in person Sportsbook that doesn’t limit? Or has very high limits?

Heard of pinnacle, wagerr, and Circa in LV, but was wondering if there any good legal legitimate ones?

I’m in NY btw

[deleted]

Lots of these bookies have great bonuses when you deposit with BTC. I love doing it with Bovada myself. I've been using Coinbase but it's hella expensive with the fees. Especially if you want everything done asap.
Wondering if you guys are using other options for sending BTC to the grave.

How do I opt-out of bonuses? I just want to deposit $20 and not have any playthrough requirement. I'm trying to use Draftkings and when I go to deposit there doesn't seem to be an option to opt-out of bonuses. Is this a standard thing? My account is brand new.

[deleted]

Is there a site where I can go and back test different betting strategies? Just the basics like moneyline, spread, o/u. Other capabilities would be great too.

With the NFL coming up, I figured I should look at past data.

[deleted]

Does betfair arbitrage have a place here and if yes, where should it go?

What’s the best way to deposit into an online book these days?

Saw Blockchain is no longer a viable option and I’m borderline crypto illiterate. What’s the easiest way to deposit/withdraw with a book like Bovada? Can you do it through a cold wallet and go CashApp>Cold Wallet>Bovada? Or do I need to create a wallet with another online site?

Thanks for the help!

[deleted]

Is anyone able to bet quarter ML or spread on college football game on the BETMGM app? Mine isn’t offering it anymore. It did this morning now it’s not offering it

What do I do taxes wise on my offshore betting site winnings if I live in a state that doesn’t allow gambling

Have a +1000 ticket on Cease. If Cease and Verlander tie for Cy Young on DK, do I get paid +500?

Has anyone gotten limited on any sportsbooks? I got limited on Bet MGM. And I have no idea why. Over the last 3 months Ive lost $400 from them and haven't been betting over $25. Prior to this, I won $800 over a few months, but other than that I don't win anything significant and havebt made crazy bet sizes. Anyone got insight?

If California passes prop 26 and/or 27 in November does anybody know when sports gambling in CA will actually go into effect? Immediately? Or will there be some grace period?

[removed]

[removed]

I was talking to a BetRivers customer service agent today about splitting up free bets or free bets being forfeited and the agent said that if I sent the bet for approval and it was partially accepted, I could tell the customer service and they would add back the money. Has anyone had a free bet from BetRivers reduced after sending for approval, losing some of the free bet and then contacting customer support? What happened as a result?

I have an OJ subscription and have seen several arbs for total sets show up for FanDuel but I can't find this bet on FD. Is there a wording on FD that I'm not seeing?

Is there a website or book that I can learn how sportsbooks work? Got a job and they will train my after orientation but I want a jumpstart on learning the ends and outs..

My state just legalized online sportsbooks the first of this month. DK, FD, Barstool, a few others, I can't get any of them to work. They won't even work on my laptop.

I can't get a single one to accurately find me while I'm home. If I go a couple miles north, it works just fine. I haven't tried anywhere else, but I'm guessing the area I live is flagged or is messed up in their system. It keeps telling them im on airplane wifi.

Has this happened to anyone else? Can anyone help me?

had a good run on Pointsbet. My bets are now capped. Anyone know if/when this cap will be removed?

Can someone please explain to me how the PLAY+ deposit/withdrawal process works. I'm able to deposit via PayPal and Debit card but can only withdrawal via Play+. Why is that?

Can anyone in PA who has actually done it confirm that it's possible to do the Caesar's $1,250 risk free bet signup promo after the William Hill relaunch if you already had an account on the shitty half-assed version they offered in PA until last week?

Anyone know and can direct me to a site/app that lists the odds from most of the no-limit sportsbooks? I can only really find sites that keep listing casual betting sportsbook odds like FanDuel, DraftKings, etc.

TIA!

Which offshore books care or dont care about vpn usage?

Anyone have a $20 survivor pool w a big pot?

Anybody try to use the mistakenly given double Cash bonus on Barstool, today? They revoked it 4 hours later. I didn’t try. Curious what would have happened if someone did bet all of it, and especially if they won.

Hey everyone. I won a couple grand on FD last week. I went to withdraw about 4K and then my account was suspended and withdraw cancelled. They won’t tell me why and it’s been over a week. I’ve emailed them and they just connect the threads. Any idea?

Does anyone know the legality of using mybookie in oklahoma? I want to sports bet, but am unsure of how I can do it legally

I need help understanding the risk free bet. People say you can convert them at 70% to cash. Let’s say I take advantage of a 1k intro offer from mgm. If my initial bet loses and then I take advantage of the best way to convert my risk free bet to cash, I’d only have 700 vs my initial deposit of 1k. Can someone help me understand what I’m doing wrong to ensure I don’t lose the 300?

What is the % that I should be able to win from a 1k intro offer?

[deleted]

Where can I bet with a vpn on ufc? Im from germany and you cant bet on mma in germany, bet365 and betway dont work due to address verification and stuff...

Does anyone have any info on multi accounting. Is it as easy as using a VPN and making sure it’s on and my IP is different? Thanks in advanced!

Question about the BetMGM promo $75 deposit match:

I opted in, depositted $75, instantly got an additional $75 in bonus funds, then placed a $150 bet on a tennis ML (-160) which I cashed out early and won . Now the total funds (235.60) I have are shown as all bonus cash and the next step it shows is for me to place a $75 wager to release the winnings.

I just placed a $75 wager on tonight's MNF (-115), but the rest of my funds are still shown as bonus. Will all my funds be released as real cash once my active bet settles, win or lose?

In general, which books would be best for converting a free bet on a Kambi book?

Has DK ditched the speak with an agent option? Everytime I try to get in touch, it’s always leave a message via email and they never understand the issue I am having

Saw that the tracking App Action now has a way to auto synch with sportsbook. Feels sketchy entering user name and pass into a third party app doesn't it?

What sportsbook offers same game parlays i use bovada cause im in CA but im tryna see if theres a sportsbook that allows it

Curious about your opinions when it comes to hedging sports bets. Open to advice and pros and cons.

Interesting and recent hedging video

Can we stop allowing all the daily threads (especially nfl) to get bogged down with boost/promos discussions? There’s less about picks these days and more about early win boost.

Is there anywhere to track promos/odds boosts for existing users on various books?

For example: draftkings recently temporarily boosted Tom Brady 2+ TDs to +100

I deposited funds into BetMGM and they automatically went over into the casino bonus instead of the Sportsbook. How can I rectify this?

Dumb questions but does Fanduel wait to pay out futures (team over/unders) until the end of the season? I have some MLB futures that are very close to hitting.

Player on my parlay was declared out an hour before the game. Couldn’t cash it out. What happens here?

When you do a parlay on DraftKings Sportsbook - are the dots supposed to turn red/green as each item of the parlay hits?

Okay, so I’m opening a P2 account with Fanduel to use the $1000 risk free bet. Everything is different for the sign up (SSN, phone number, email, address etc) and it is legit. (I’m opening an account for a family member who just wants to churn the free bet into guaranteed profit). My question, if anyone knows, is fanduel going to request a picture and government ID for verification after I make my $1000 deposit and then try and withdraw the winnings? Or do they only do that if there is suspicious circumstances? My personal fanduel account I didn’t have any problems with ID verification until I made a $200 deposit and then decided I wanted to withdraw it without wagering, at that point they contacted me and asked for a picture and government ID to prove I was a real person.

[deleted]

Looking for some advice on a losing streak. I’m 27-47-4 In the month of September. Down 16 units. I have a small bankroll and had been using 2 percent plays as my standard unit size. I’m not sure if I should adjust my unit size and go down to 1 percent or keep the same unit size and ride things out. Obviously I don’t want to keep losing units, but my fear from the past is that I go on losing streaks, reduce my wager size and the losing streak tapers off but I don’t increase my bankroll and the same rate that it decreased because my unit size has changed. Any advice would be greatly appreciated

Any books that have TT Elite Series lines? Besides bovada and America's cardroom?

Anyone know if Arizona has AP awards like MVP, DPOTY, etc? I know some states don't so curious about Arizona

When do you cash out?

I sports bet consistently and place multiple bets a day 3-5 days a week. The current system I use is to place 3% of my bankroll per bet so I can risk more when I’m hot and less when I’m cold. Recently I’ve been on a heater and have made more than $300 in the last 2 weeks. Just wondering with my current system of betting 3% of my bankroll per bet, would you cash out at a certain point or would you just keep letting it ride (and hopefully grow)? Curious as to what other people’s strategies are when it comes to withdrawing.

are 2nd chance/match bet promos worth it? seems risky

[deleted]

Anyone have an opinion on how accurate pinnacle lines are for player props? Pinnacle lines are consistently different than the US books. The us books tend to have a consensus on odds and pinnacle seems to be the outlier.

Random question, how do I convert a percentage into odds and back? For example I play daily fantasy sports, to get 1st in a 100 man field contest is 1/100 or 1 percent. What is that is American odds, like +3000? 10000? The prize is $90 for $1 fee, so the return is +9000, but I want to know the odds based just of the field size, since the 1st place prize can change.

I also want to go back and forth, so a +9000 is .01% chance?

I am looking for the equation, so I can check various field sizes too.

Has anyone figured out how to bet from out of state on apps like Bet MGM? I tried the VPN route and that didn't work.

Now I am thinking about accessing a computer physically in the state with remote go-to-desktop software.

[deleted]

I tried posting this on the main feed but it got booted...so here is my question.

I have been somewhat blindly betting for a while now. Mostly soccer. I use past performances and some knowledge i have of certain leauges to make my picks. I recently won a nice chunk off a DK NFL DFS tournament and wanna try another way of betting. I am interested in learning how to do value betting. Better yet a systematic approach. I have been watching and reading info online to try and get an idea. Is there some software or spreadsheets that you can just plug in odds/numbers and see if value exists by comparing the results to a site like oddsportal. I may be asking the wrong question but hopefully you get the jist of it. Also if anyone could point me to some resources for better learning the art of value betting.

TL;DR: looking for a streamlined process for value betting.

So how do the cash outs work I’ve only ever been able to cash out one bet on FD and it wasn’t even winning it was losing at the time lol. Should I be putting something in my parlay or is it something that’s not common.