Should I start using legal in state books over bookmaker?

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  • wombat
    SBR MVP
    • 11-23-20
    • 1022

    #36
    One important factor not mentioned is taxes. That factor alone will always keep offshore books in business. It's hard enough trying to beat the line but paying 30% taxes on top of that when using a US book, good luck with that. Especially with the amounts the OP is playing, you will for sure get a 1099 at the end of year.

    I believe any profit amount over $600 is reported to IRS if playing at a US book.
    Comment
    • d2bets
      BARRELED IN @ SBR!
      • 08-10-05
      • 39990

      #37
      Originally posted by wombat
      One important factor not mentioned is taxes. That factor alone will always keep offshore books in business. It's hard enough trying to beat the line but paying 30% taxes on top of that when using a US book, good luck with that. Especially with the amounts the OP is playing, you will for sure get a 1099 at the end of year.

      I believe any profit amount over $600 is reported to IRS if playing at a US book.
      You believe wrong. It's not reported, but you have to report winnings, whether it's onshore or offshore.
      Comment
      • wombat
        SBR MVP
        • 11-23-20
        • 1022

        #38
        Originally posted by d2bets
        You believe wrong. It's not reported, but you have to report winnings, whether it's onshore or offshore.
        "For sports bettors, the IRS Form 1099 will be the most common tax form. When you win more than $600 on a sportsbook site such as DraftKings, FanDuel, or PointsBet, the operator is required to send you a Form 1099-MISC. "

        Last edited by wombat; 03-14-22, 12:11 AM.
        Comment
        • Crusherrr
          SBR MVP
          • 06-27-16
          • 3646

          #39
          Originally posted by wombat
          you are incorrect. Your winnings are reported to the IRS via form 1099 if played at a US based sportsbook:

          "For sports bettors, the IRS Form 1099 will be the most common tax form. When you win more than $600 on a sportsbook site such as DraftKings, FanDuel, or PointsBet, the operator is required to send you a Form 1099-MISC. "

          https://www.bonus.com/irs-taxes-gambling/
          No, you are incorrect. Draftkings, Fanduel send if you win at Fantasy but not for sports UNLESS you hit a big 300-1 or more parlay for > $600.
          Comment
          • Smokey McPot
            SBR High Roller
            • 07-18-21
            • 190

            #40
            Originally posted by wombat
            you are incorrect. Your winnings are reported to the IRS via form 1099 if played at a US based sportsbook:

            "For sports bettors, the IRS Form 1099 will be the most common tax form. When you win more than $600 on a sportsbook site such as DraftKings, FanDuel, or PointsBet, the operator is required to send you a Form 1099-MISC. "

            https://www.bonus.com/irs-taxes-gambling/
            This is incorrect.
            Comment
            • wombat
              SBR MVP
              • 11-23-20
              • 1022

              #41
              Why even risk the hassle, just play offshore at one of the large books and you'll be fine.

              Better odds, instant payouts, what more can you ask.
              Last edited by wombat; 03-14-22, 12:03 AM.
              Comment
              • TheMetsSuck
                SBR Hall of Famer
                • 01-14-12
                • 6149

                #42
                elaborate on twitter books
                Comment
                • d2bets
                  BARRELED IN @ SBR!
                  • 08-10-05
                  • 39990

                  #43
                  Originally posted by wombat
                  "For sports bettors, the IRS Form 1099 will be the most common tax form. When you win more than $600 on a sportsbook site such as DraftKings, FanDuel, or PointsBet, the operator is required to send you a Form 1099-MISC. "

                  https://www.bonus.com/irs-taxes-gambling/
                  Well if it's on the internet...lol.

                  See Crusherrr's answer.

                  Whoever wrote that is clueless. Sports doesn't generate 1099, if it's anything it will be W-2G. And it's only if you hit a 300-1 or more play.

                  And again, you still have to report offshore winning all the same.

                  So neither generates a tax form and both are reportable. So it's not a reason to play offshore.
                  Comment
                  • jjgold
                    SBR Aristocracy
                    • 07-20-05
                    • 388189

                    #44
                    Like Many said you can have both if you live in the states they offer it

                    You’ll always find 85% of your wagers will be offshore maybe more
                    Comment
                    • Waterstpub87
                      SBR MVP
                      • 09-09-09
                      • 4102

                      #45
                      Still waiting on that info on Twitter books.
                      Comment
                      • Crusherrr
                        SBR MVP
                        • 06-27-16
                        • 3646

                        #46
                        Originally posted by Waterstpub87
                        Still waiting on that info on Twitter books.
                        If you're on twitter you'll see a whole bunch of them. DailyPayoutBook,PureWage,7 Stacks,Everygame(not Old intertops) among many others. They're essentially PPH books but they have discord and are pretty popular. Some very good bonus offers- just be careful. I followed a few for a long time before even trying any of them.
                        In the last week I've taken a $1k 100% cash with 10x roll, 150% FP 1x roll on $1k and 150% FP 9x roll on another.
                        Purewage was one of the more popular ones but are now "potentially" going to not pay a guy a $150k balance so I'd definitely stay away from them for right now.

                        Some have some interesting terms- the one with 150% FP 1x makes you wager 25% of your balance in the week you request a payout.

                        Don't take any of my mentions on twitter books as a suggestion. But if you're interested, follow them and many do giveaways. At the very least you could retweet and win some free bets.
                        Comment
                        • False Start
                          SBR High Roller
                          • 12-08-21
                          • 238

                          #47
                          Originally posted by Crusherrr
                          If you're on twitter you'll see a whole bunch of them. DailyPayoutBook,PureWage,7 Stacks,Everygame(not Old intertops) among many others. They're essentially PPH books but they have discord and are pretty popular. Some very good bonus offers- just be careful. I followed a few for a long time before even trying any of them.
                          In the last week I've taken a $1k 100% cash with 10x roll, 150% FP 1x roll on $1k and 150% FP 9x roll on another.
                          Purewage was one of the more popular ones but are now "potentially" going to not pay a guy a $150k balance so I'd definitely stay away from them for right now.

                          Some have some interesting terms- the one with 150% FP 1x makes you wager 25% of your balance in the week you request a payout.

                          Don't take any of my mentions on twitter books as a suggestion. But if you're interested, follow them and many do giveaways. At the very least you could retweet and win some free bets.
                          Hi Crusherr...you and I both live in Southern Connecticut. Can you please give me some info on some good PPH books here? I don't have twitter. How did you sign up/get started?
                          If you would rather PM me, that's fine.
                          I'm looking for some more outs with bonuses.

                          Thank you!
                          Comment
                          • d2bets
                            BARRELED IN @ SBR!
                            • 08-10-05
                            • 39990

                            #48
                            Originally posted by Crusherrr
                            If you're on twitter you'll see a whole bunch of them. DailyPayoutBook,PureWage,7 Stacks,Everygame(not Old intertops) among many others. They're essentially PPH books but they have discord and are pretty popular. Some very good bonus offers- just be careful. I followed a few for a long time before even trying any of them.
                            In the last week I've taken a $1k 100% cash with 10x roll, 150% FP 1x roll on $1k and 150% FP 9x roll on another.
                            Purewage was one of the more popular ones but are now "potentially" going to not pay a guy a $150k balance so I'd definitely stay away from them for right now.

                            Some have some interesting terms- the one with 150% FP 1x makes you wager 25% of your balance in the week you request a payout.

                            Don't take any of my mentions on twitter books as a suggestion. But if you're interested, follow them and many do giveaways. At the very least you could retweet and win some free bets.
                            Gimmicky, complicated and risky. I want to gamble on games not on the sportsbook.
                            Comment
                            • jjgold
                              SBR Aristocracy
                              • 07-20-05
                              • 388189

                              #49
                              Yes they are just kids running php shops

                              I can have a book up in five minutes from right now

                              $10
                              Comment
                              • Waterstpub87
                                SBR MVP
                                • 09-09-09
                                • 4102

                                #50
                                Originally posted by Crusherrr
                                If you're on twitter you'll see a whole bunch of them. DailyPayoutBook,PureWage,7 Stacks,Everygame(not Old intertops) among many others. They're essentially PPH books but they have discord and are pretty popular. Some very good bonus offers- just be careful. I followed a few for a long time before even trying any of them.
                                In the last week I've taken a $1k 100% cash with 10x roll, 150% FP 1x roll on $1k and 150% FP 9x roll on another.
                                Purewage was one of the more popular ones but are now "potentially" going to not pay a guy a $150k balance so I'd definitely stay away from them for right now.

                                Some have some interesting terms- the one with 150% FP 1x makes you wager 25% of your balance in the week you request a payout.

                                Don't take any of my mentions on twitter books as a suggestion. But if you're interested, follow them and many do giveaways. At the very least you could retweet and win some free bets.
                                Crusher, I always really enjoy your descriptions of books. Seriously, one of my favorite things about the forum.

                                Unfortunately, you have a problem. I think you may be addicted to bonuses. You need to go bonus whores anonymous.
                                Comment
                                • Crusherrr
                                  SBR MVP
                                  • 06-27-16
                                  • 3646

                                  #51
                                  Originally posted by d2bets
                                  Gimmicky, complicated and risky. I want to gamble on games not on the sportsbook.
                                  I get it totally. As I said in my post before. Don't take my post as a recommendation. However, I take as many outs as I can. Just providing information as several had asked. There is certainly a lot more risk using twitter books. But- with discord and affiliates they have, I've at least felt a little bit more secure sending money to them. I deposited $1,000 each on a few. To me- it's worth a shot. It's a fraction of what I'm doing on more highly rated offshores.
                                  Originally posted by Waterstpub87

                                  Crusher, I always really enjoy your descriptions of books. Seriously, one of my favorite things about the forum.

                                  Unfortunately, you have a problem. I think you may be addicted to bonuses. You need to go bonus whores anonymous.


                                  Reminds me of the old days when there was actually a site with the name Bonuswhores. The old casino and poker bonuses I'd clear when I was like 15 years old were great.
                                  Comment
                                  • pattymayo
                                    SBR Posting Legend
                                    • 05-19-09
                                    • 10221

                                    #52
                                    Originally posted by themike78
                                    People have been saying offshore is going to end the past 5 years. It's not going anywhere. It's stronger than ever. These U.S books are all garbage. No customer service and take too long to pay. Also the U.S is not offshores only market. Look at all those books that voluntarily banned U.S players 10 years ago and they are all doing fine.
                                    most of the books here in NY pay next day, right to your bank account. Ive been doing offshore forever now I barely touch it with NY being legal. Bitcoin betting and near instant payouts are great, but then still takes another step to turn it into real cash. I could see offshore taking some hits as sports betting legality spreads more around the country
                                    Comment
                                    • pattymayo
                                      SBR Posting Legend
                                      • 05-19-09
                                      • 10221

                                      #53
                                      Just checked out some of those Twitter books and they all feel scammy to me lol. To each his own
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388189

                                        #54
                                        Pass Twitter books

                                        Just brokes looking to take a shot at a player

                                        Free money
                                        Comment
                                        • DontTailMe
                                          SBR MVP
                                          • 03-24-19
                                          • 2897

                                          #55
                                          Yeah, I love and respect Crusherrr and I'm sure he has figured out a routine that works for him, but I would not recommend Twitter books to anyone. Too many of them go dark, and it's too easy for them to do so. It could be a loser sitting in his parents basement with no financial backing. Offering PayPal/Venmo is also usually a red flag. No one working with any substantial volume can pull that off without those fintechs constantly shutting down accounts left and right.
                                          Comment
                                          • Keith Richard
                                            SBR MVP
                                            • 07-06-06
                                            • 1576

                                            #56
                                            I live in a state that currently does not allow sports betting. Checking BetOpenly's site it appears they have no restrictions on me opening an account there. How do they get away with that?
                                            Comment
                                            • DontTailMe
                                              SBR MVP
                                              • 03-24-19
                                              • 2897

                                              #57
                                              Originally posted by Keith Richard
                                              I live in a state that currently does not allow sports betting. Checking BetOpenly's site it appears they have no restrictions on me opening an account there. How do they get away with that?
                                              They exist outside the US. The feds can't exactly serve a subpoena. They'd have to spend some major political capital / muscle with their respective foreign governments. As far as they are concerned, the companies are operating legally.
                                              Comment
                                              • Keith Richard
                                                SBR MVP
                                                • 07-06-06
                                                • 1576

                                                #58
                                                I didn't realize they were an offshore site. I thought they were one of the new US sportbooks.
                                                Didn't look at the site real close but one of their deposit and withdrawal methods led me to believe they were stateside. Kind of scary to me. I think I'll pass. Thanks for the info.
                                                Comment
                                                • DontTailMe
                                                  SBR MVP
                                                  • 03-24-19
                                                  • 2897

                                                  #59
                                                  Originally posted by Keith Richard
                                                  I didn't realize they were an offshore site. I thought they were one of the new US sportbooks.
                                                  Didn't look at the site real close but one of their deposit and withdrawal methods led me to believe they were stateside. Kind of scary to me. I think I'll pass. Thanks for the info.
                                                  Oh, sorry. I have no knowledge of BetOpenly. When you said "they" I thought you were referring to the book in the subject of this thread.
                                                  Comment
                                                  • EGrecu
                                                    SBR Wise Guy
                                                    • 09-15-21
                                                    • 709

                                                    #60
                                                    Goddamn it. It happened again

                                                    Nets game was 235 on legal books. By time BM posted, it's 238

                                                    Dallas game went from 226 to 224. Warriors game went from 214 to 213


                                                    I think I'm gonna stop using bookmaker you guys
                                                    Comment
                                                    • Crusherrr
                                                      SBR MVP
                                                      • 06-27-16
                                                      • 3646

                                                      #61
                                                      Originally posted by DontTailMe
                                                      Yeah, I love and respect Crusherrr and I'm sure he has figured out a routine that works for him, but I would not recommend Twitter books to anyone. Too many of them go dark, and it's too easy for them to do so. It could be a loser sitting in his parents basement with no financial backing. Offering PayPal/Venmo is also usually a red flag. No one working with any substantial volume can pull that off without those fintechs constantly shutting down accounts left and right.
                                                      I agree totally. It's not something most should try. I've done as much due diligence on each book I possibly could before using, though. Would never suggest others try- however, they do exist and some have gotten pretty big. It's easy to buy followers and fake screenshots, however. So be careful with who you deal with. Always.
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388189

                                                        #62
                                                        I play one each
                                                        USA
                                                        Offshore
                                                        Comment
                                                        • TheMetsSuck
                                                          SBR Hall of Famer
                                                          • 01-14-12
                                                          • 6149

                                                          #63
                                                          Originally posted by EGrecu
                                                          Goddamn it. It happened again

                                                          Nets game was 235 on legal books. By time BM posted, it's 238

                                                          Dallas game went from 226 to 224. Warriors game went from 214 to 213


                                                          I think I'm gonna stop using bookmaker you guys
                                                          Good middle opportunities
                                                          Comment
                                                          • stake1
                                                            SBR Posting Legend
                                                            • 12-19-18
                                                            • 18116

                                                            #64
                                                            Bookmaker is A+
                                                            no local book is as good compared to them, and what they offer. Bookmaker will
                                                            take large action. Good to have a place that isn’t scared as an out
                                                            Comment
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