Gambling With an Edge

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge. Show Notes[00:00] Introduction of Russell Fox, tax expert from Clayton Tax[01:02] What's going to be in the next tax law?[02:09] Has the pandemic affected Russell's professional life?[03:02] Do Canadian poker players owe income tax?[05:14] Can YouTubers deduct gambling losses in excess of winnings?[06:30] Have the tax implications on DFS changed?[12:27] Taxation of credit card rewards redemption[12:51] Process of reporting winning for a recreational advantage player[18:06] How is travel time handled if IRS questions full-time gambler status?[18:52] Lost or misplaced W2Gs[20:58] Is it better to file as a professional gambler if you're a slot AP with many W2Gs?[22:29] What are the acceptable ways for an amateur to define a sports betting session?[24:31] Tax on futures bet, rule of constructive receipt[25:11] Should a bettor clear balances from all sports betting apps every year[25:34] Tax treatment of free bets[30:52] South Point Casino October Promotions - $500k+ Monster Money casino-wide progressives, Prime Time Mondays for people 55 and older[32:19] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[32:52] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[33:56] Is a casino win/loss statement from a casino sufficient for tax purposes?[35:51] Beard accounts in sports betting[39:53] Splitting a sports bet[41:16] At what point does it make sense to file as a professional gambler?[43:26] Audit risk for professional gamblers[46:05] Tax professionals who specialize in gambling[48:01] TurboTax[48:35] Costs to file as a professional gambler[51:44] Changes to cryptocurrency laws[54:41] How to contact Russell Fox[55:25] Recommended: Maid on Netflix, A Most Clever Girl by Stephanie Marie Thorton, Circus Circus steakhouseSponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeGuest Links:http://Claytontax.comhttp://Twitter.com/russcfoxRecommended:Maid on Netflix http://Netflix.com/title/81166770A Most Clever Girl by Stephanie Marie Thorton  https://amzn.to/3CmJgtQhttp://Circuscircus.com/restaurants-1/the-steak-house/Learn more about your ad choices. Visit podcastchoices.com/adchoices

No guest this week as we once again dip into the mail bag. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction[00:33] Did Bob ever take advantage of online casino promotions?[01:28] W2Gs for craps players[03:44] General rules for all variations in video poker[05:32] Card counting for comps[10:12] Should slot hustling be avoided where hole-carding[11:30] Magic of the Nile slot advantage player tracking[13:21] $5DDB with double progressive amounts[16:52] Should a new AP chase progressives?[19:54] Seven Stars Insider newsletter[21:34] Prax[23:23] Card counting as a refusal and AP sports betting[25:03] Signing up for new credit cards when purchasing a home[27:08] Baccarat, roulette, and baccarat bonuses[32:05] How do the odds change playing two hands versus one hand[35:24] Valuing a blackjack hot seat promotion[39:20] South Point Casino October Promotions - $500k+ Monster Money casino-wide progressives, Prime Time Mondays for people 55 and older[40:45] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[41:25] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[42:35] How did Bob get backed off playing video poker at MGM properties?[44:52] Basic strategy for multi-deck and doubling on A7[48:18] How can a dealer handle impolite players?[50:12] Putting tape over unused camera on computer[52:17] Loss rebates for roulette[53:16] Blackjack dealer yells "skills check"[54:31] Card pulling[57:34] Recommended: books by Donald Westlake, Margins of Error podcastSponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeBooks Referenced:Comp City by Max Rubin https://amzn.to/3jjfvCwSoftware Referenced: http://Qfit.comRecommended:Donald Westlake books https://amzn.to/3C7k0I4Margins of Error podcast http://Cnn.com/audio/podcasts/margins-of-errorLearn more about your ad choices. Visit podcastchoices.com/adchoices

Bob and I get a return visit from long time slot director Buddy Frank, and this was taped immediately after the Global Gaming Expo (G2E) show, the biggest casino industry trade show of the year. We spend a lot of time talking about the new things we saw. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter, or on Facebook at https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction of Buddy Frank, long time slot director and casino executive[00:36] Player identification and video poker player skill tracking products at G2E[14:08] Resorts World's cashless system, credit cards[24:25] Interesting AP games at G2E, slots, keno[31:45] Auto-hold on video poker[35:24] Ultimate X Gold[39:18] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[39:38] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[40:08] South Point Casino October Promotions - $500k+ Monster Money casino-wide progressives[41:11] South Point operations, comments on the locals market in Las Vegas, Circa[47:12] Strategy for a player who has been banned, but not trespassed[51:01] Aristocrat party at Allegiant Stadium[53:15] Recommended: Sooley by John Grisham, CSI Las Vegas, Aruze claw game and craps gameSponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeSites Referenced:http://Wizardofodds.com/games/video-poker/tables/ultimate-x-gold/Recommended:Sooley by John Grisham https://amzn.to/2YU8EbLCbs.com/shows/csi-vegas/Learn more about your ad choices. Visit podcastchoices.com/adchoices

No guest this week as we once again dip into the mail bag. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction[00:40] Biggest gambling regrets[03:57] How can dealers gain AP knowledge?[06:44] Variance on multi-line video poker[10:20] Fixed-odds horse racing[11:49] Bob's problems with betting in Arizona[22:29] How do APs network?[25:45] Advantages and disadvantages of playing on casino credit[30:39] South Point Casino October Promotions - $500k+ Monster Money casino-wide progressives[31:54] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[32:35] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[34:15] Who should a player contact about re-entering a property after being thrown out?[37:20] Slot YouTubers[39:28] Vulturing Ultimate X[40:46] New GWAE intro[42:40] Recommended - Goliath on Amazon Prime, The Devil May Dance by Jake Tapper, Ross Thomas novels, The Hustler, The Color of Money, Jake Jacobs review of The Card CounterSponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeEpisodes Referenced:http://Lasvegasadvisor.com/gambling-with-an-edge/podcast-wilma0-part-2Recommended:http://Amazon.com/Goliath-Season-1/dp/B0875NY2V2The Devil May Dance by Jake Tapper https://amzn.to/3AmrHs7Ross Thomas novels https://amzn.to/306VNn1The Hustler https://amzn.to/2WPNJFQThe Color of Money https://amzn.to/3lmk2WyThe Card Counter movie review. http://Lasvegasadvisor.com/gambling-with-an-edge/the-card-counter-reviewLearn more about your ad choices. Visit podcastchoices.com/adchoices

No guest this week as we once again dip into the mail bag. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction[00:32] Video poker progressive with a must-hit-by amount[02:08] Hole carding practice[05:26] Civilian criticism of hitting A7 vs 10 while counting[09:03] How easily can a video poker pay table be changed?[15:13] Playing Spanish 21 unrated[17:47] How to approach a vulnerable table?[20:38] Handling variance on 9/6 Triple Double Bonus[24:14] Game selection in video poker and table games[25:50] Running bad on video poker[30:10] Phone apps and device law[34:51] Long hotel comp stays[36:26] Why doesn't Bob Dancer have a Youtube channel?[38:29] Bet spread vs min to max[41:51] http://BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[42:31] South Point Casino September Promotions - $500k Monster Money casino-wide progressives[43:35] http://VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[44:23] Playing in retirement and the comp game[47:10] Why do dealers hate match play coupon players?[51:08] Do people recognize Richard's voice?[55:18] Tipping after W2G bar tops[58:12] Recommended - Sex Education on Netflix, The Plot by Jean Hanff Korelitz Sponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeBooks Referenced:Beyond Counting by James Grosjean - (out of print)Modern Blackjack by Norm Wattenbarger - https://amzn.to/3m9xBrnRecommended:Sex Education http://Netflix.com/title/80197526The Plot by Jean Hanff Korelitz https://amzn.to/3ii0GQl Learn more about your ad choices. Visit podcastchoices.com/adchoices

Our guests this week are professional sports bettors, Captain Jack Andrews, and Rufus Peabody. This is part 2 of our discussion on their new site http://unabated.com. This is a site with tools to help sports bettors trying to get an edge. No touts, no affiliate ads, just good information and tools for players trying to find an edge. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction of Captain Jack Andrews and Rufus Peabody from Unabated.com[00:53] Rufus' experience with advantage players from Appalachian State, as described on a recent Risk of Ruin podcast[06:29] Rufus' Cantor Gaming interview[08:15] How should players attack new markets?[14:47] Does Arizona have any independent sportsbooks?[16:31] Sports betting in California[21:35] How is NFL betting different in 2021?[23:09] How does a quarterback's vaccination status affect bets and futures?[27:08] Has Unabated received any blowback from bettors who resent others releasing information?[29:47] Have people used Madden to simulate NFL games?[31:32] How can casual sports bettors use http://Unabated.com's tools to get EV?[37:39] South Point Casino September Promotions - City Lights Shine giveaway, Hot Seat promotions, South Point 400 tickets[38:25] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[38:57] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[40:44] Unabated.com's target audience[43:39] Will Captain Jack's Youtube content remain on Youtube?[44:58] Definition of Unabated[48:53] The data science behind Unabated[50:06] When will Las Vegas improve mobile sports betting?[52:07] Is William Hill taking action now?[54:27] Recommended: Our Town on Kanopy, Sidedoor podcastSponsored Links:http://SouthPointCasino.comhttp://BlackjackApprenticeship.comhttp://VideoPoker.com/gwaeBooks Referenced:Sharper: A Guide to Modern Sports Betting by True Pokerjoe https://amzn.to/2XXjCN8Recommended:http://Kanopy.com/product/our-townhttp://Si.edu/sidedoorLearn more about your ad choices. Visit podcastchoices.com/adchoices

Our guests this week are professional sports bettors, Captain Jack Andrews, and Rufus Peabody. They are on to discuss their new site unabated.com. This is a site with tools to help sports bettors trying to get an edge. No touts, no affiliate ads, just good information and tools for players trying to find an edge.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction of Captain Jack Andrews and Rufus Peabody from Unabated.com[00:54] Unabated.com[05:07] NFL simulator[09:42] How is the NFL simulator updated?[10:53] How much does one bad game affect season totals?[13:15] Will derivative markets eventually be automated?[16:18] How much does Unabated cost?[20:02] Written and video educational content[23:10] What other roles exist Unabated?[26:55] Upcoming features[31:20] South Point Casino September Promotions - City Lights Shine giveaway, Hot Seat promotions, South Point 400 tickets[32:03] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[32:36] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[33:58] Super Bowl prop arbitrage[40;34] Calculating place and show prices[42:20] Will Unabated be adding golf tools?[44:26] Are Captain Jack and Rufus still betting?[46:18] Betting exchanges in New Jersey[53:14] Recommended:  A Boy and His Dog, Icarus, Risk of Ruin podcastSponsored Links:SouthPointCasino.comBlackjackApprenticeship.comVideoPoker.com/gwaeGuest Links:Unabated.comTwitter.com/UnabatedSportsTwitter.com/RufusPeabodyTwitter.com/capjack2000Recommended:A Boy and His DogIcarus.filmPodcasts.apple.com/us/podcast/risk-of-ruin/id1527018692Learn more about your ad choices. Visit podcastchoices.com/adchoices

No guest this week as we once again dip into the mail bag. We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction[00:36] Comments on commercials[02:27] Probability of royal flushes on 9/6 Jacks[03:56] Vetting of GWAE guests[07:25] New casino table games[09:43] Double Joker video poker[11:40] W2G jackpoint threshold[13:30] What's the best way to listen to GWAE?[14:44] RFID and TITO at Resorts World table games[16:15] Return on card counting[17:51] Will the Mirage poker room ever re-open[18:06] $1 to $3 Limit Hold/em in Vegas[19:04] Why do casinos allow Bob to play?[19:37] VideoPoker.com strategy corrections[21:26] Card counting advice for a new player without a network[25:02] Burning cards on a double deck games[27;31] What edge can a recreational player get?[29:06] Comp hustling[30:15] Split Card Poker[32:41] Software used by casinos to catch card counters[33:19] $125/hand video poker comps[36:13] IRS reporting requirements on table games[39:01] Why wasn't the card maker in Phil Ivey's edge sorting case charged?[41:09] South Point Casino September Promotions - City Lights Shine giveaway, Hot Seat promotions, South Point 400 tickets[42:20] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[43:03] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[44:10] Using side bets in blackjack to reach table minimum when the count is high[46:33] Can banks deny service to professional gamblers?[48:27] Transitioning from a recreational gambler to a professional gambler[51:55] A match play dispute on craps[54:50] Recommended: Advantage 32 rubber bands, Here TodaySponsored Links:SouthPointCasino.comBlackjackApprenticeship.comVideoPoker.com/gwaeLinks Referenced:WizardofOdds.comQfit.comRecommended:Amazon.com/Alliance-Advantage-Rubber-32-Inches/dp/B00Z726ZWSSonypictures.com/movies/heretodayLearn more about your ad choices. Visit podcastchoices.com/adchoices

Our guest this week is "Super Host" Steve Cyr. We talk about how covid has effected things, the new Resorts World, and what happens with your comps if you are restricted from play.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction of casino super host, Steve Cyr[00:28] How has the pandemic affected the hosting business?[05:16] Does Steve work outside of Las Vegas?[07:36] Resorts World[08:29] Hosting advantage players[15:00] Rating dice[20;57] What happens to a deal if a player is restricted mid-play?[25:26] Problem gambling[20:13] Cash players and source of funds[32:33] South Point Casino September Promotions - City Lights Shine giveaway, Hot Seat promotions, South Point 400 tickets[33:26] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[33:55] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[34:56] Front money[36:02] Sending Bitcoin to the cage[37:22] Requests for escorts[40:56] Casino Comp Wallet app[42:55] How to contact Steve Cyr[44:38] Whales[46:07] Getting burned by players[51:03] Stephen Paddock[55:31] Recommended - Taverna Costera, The Father, Garbage salad at Barry's Downtown PrimeSponsored Links:SouthPointCasino.comBlackjackApprenticeship.comVideoPoker.com/gwaeSteve Cyr's Links:Instagram.com/stevecyrvegasStevecyr.comTwitter.com/SteveCyrVegasWhale Hunt in the Desert by Deke Castleman https://amzn.to/3yGahG3Recommended:Tavernacostera.comThe Father (On Demand)Barrysdowntownprime.comLearn more about your ad choices. Visit podcastchoices.com/adchoices

Our guest this week is a return from last week, Wilma0. We discuss more blackjack, and video poker. But we also talk about an incident at MGM where lots of mistakes were made, and leads to Bellagio refusing to cash $20,000 of his chips.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.Show Notes[00:00] Introduction of AP Wilma0[00:20] Comedy show at the MGM Grand results in a trespass[22;58] Lessons that can be learned from Wilma0's MGM experience[27:30] South Point Casino September Promotions - City Lights Shine giveaway[28:20] BlackjackApprenticeship.com - card counting training website and community with many betting, tracking, and analytical tools[28:44] VideoPoker.com/gwae - Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners[29:26] Bank of America[36:25] Trusting a bum[40:34] Certified mail and going to jail[49:56] Seven Stars advantage play[53:53] Recommended - Deja True storytelling, Below Deck on BravoSponsored Links:SouthPointCasino.comBlackjackApprenticeship.comVideoPoker.com/gwaeRecommended:Eventbrite.com/e/deja-true-ii-a-totally-new-storytelling-experience-tickets-167772133969?aff=erelexpmltBravotv.com/below-deck Learn more about your ad choices. Visit podcastchoices.com/adchoices