Gambling With an Edge - guest Russell Fox

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.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of tax advisor, Russell Fox
[00:41] Recent changes to tax law
[03:31] Self-employment tax for professional gamblers
[07:42] Deductions for gambler vloggers
[09:09] Underpayment penalties for recreational gamblers
[12:10] Deducting bad debts
[14:16] Foreigner gamblers and U.S. tax
[16:33] Declaring winning from a chip bank
[21:10] Taxation of points
[24:31] Common tax mistakes
[30:58] Contributions and IRA contributions
[31:44] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards
[32:45] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners
[33:29] VideoPoker.com/gwae - Gold Membership offers correction on most games
[34:48] Off-setting a hand pay with losses
[38:40] Listing W2Gs as a professional gambler
[40:48] Self-dealing and IRAs
[42:13] 529 plans
[45:29] Depositing large amounts of cash
[48:05] Setting up an off-shore corporation
[51:03] Recommended - Sal Piacente on Youtube, Nittaya's Secret Kitchen


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Recommended:
Nittayassecretkitchen.com
Sal Piacente https://www.youtube.com/results?search_query=sal+piacente
.
Russel Fox's Previous Episodes:
Lasvegasadvisor.com/gambling-with-an-edge/podcast-guest-russell-fox

Lasvegasadvisor.com/gambling-with-an-edge/podcast-tax-adviser-russell-fox

Many more episodes with Russell are available on GamblingWithAnEdge.com

 

Gambling With an Edge - guest Logan Fields

We talk to Logan Fields, author of "2020 Sports Betting: Think Like a Pro," a new book from Huntington Press. Fields takes a makes lots of high-EV, low denomination, bets and it works for him His main sports are football, baseball, and golf.

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.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of Logan Fields, author of 20/20 Sports Betting: Think Like a Pro
[00:56] Logan's sports betting history
[06:26] Leaving a day job to become a full time sports bettor
[07:09] The golden period of online betting
[07:36] Who is the audience for 20/20 Sports Betting?
[11:20] UIGEA and losing outs
[12:37] NFL props and data analysis
[15:40] Is watching games necessary?
[18:28] Opportunities in smaller markets
[20:12] How is betting baseball different from betting football?
[25:09] Database information and prices
[27:32] How much older data can be used?
[30:15] South Point Casino November Promotions - Half-priced Walmart and Amazon gift cards, Thanksgiving Day Hot Seat
[31:07] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners

[31:42] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Ultimate X and Quick Quads

[32:46] Sharp golf bets
[37:07] Betting live markets
[39:09] Betting in Vegas while living in Socal
[41:15] The Masters
[44:10] Betting final Jeopardy
[48:55] Logan's contact info
[50:52] Recommended - Borgen on Netflix, Razor's Edge by William Somerset Maugham


Sponsored Links:
SouthPointCasino.com
Predictit.org/promo/edge
VideoPoker.com/gwae


Books Referenced:
20/20 Sports Betting: Think Like a Pro by Logan Fields https://amzn.to/2KdvR0T

Sites Referenced:
KOStats.com
ArmchairAnalysis.com
Tour-Tips.com


Previous Episodes Referenced:
LasVegasAdvisor.com/gambling-with-an-edge/podcast-rufus-peabody/


Recommended:
Netflix.com/title/70302482

Razor's Edge by William Somerset Maugham https://amzn.to/38ZhAPF
Moon and Sixpence by William Somerset Maugham https://amzn.to/35IBjkS

Gambling With an Edge - guest Matthew Dicks

Our guest this week is Matthew Dicks. Matt is the author of, "Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," as well as several novels. He recently wrote an article for Pokerstars  on how to tell better "bad beat" stories.

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.

podcast
Click to listen - Alt click to download

Show Notes

[00:00]  Introduction of storyteller, Matthew Dicks

[01:14]  A gambling related story about arm wrestling 

[13:36]  What makes that arm wrestling story interesting?

[17:25]  Matthew’s poker experience

[22:39]  Matt’s writing on PokerStars

[24:06]  Why are bad beat stories rarely entertaining?

[28:30]  Why is Sweeney an important character in Matthew’s bad beat story?

[32:01]  Time management 

[35:41]  South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards, Thanksgiving Day Hot Seat

[36:50]  Predictit.org/promo/edge - place small bets on various political events, $20 deposit match for GWAE listeners

[37:37]  BlackjackApprenticeship.com - card counting training site and community

[38:03]  VideoPoker.com/gwae - Gold Membership offers correction on most games 

[39:19]  More on Sweeney’s hand declaration 

[41:21]  Is there any place for fiction in a well told bad beat story?

[43:25]  Could storytelling help APs maintain cover?

[45:31]  Moth events

[49:26]  Matthew’s next storytelling book

[53:19]  Matthew’s contact info 

[54:06]  Recommended - The Queen’s Gambit, Best Hand I Ever Played by Steve Rosenbloom

Sponsored Links:

SouthPointCasino.com

Predictit.org/promo/edge

BlackjackApprenticeship.com

VideoPoker.com/gwae

Guest Links:

"Storyworthy: Engage, Teach, Persuade, and Change Your Life through the Power of Storytelling," https://amzn.to/3kcM9DB

MatthewDicks.com

Youtube.com/c/matthewjohndicks

Pokerstarsblog.com/en/news/how-to-tell-a-good-bad-beat-story-by-a-master-story-teller/67209/

Recommended:

Netflix.com/title/80234304

The Queen’s Gambit by Walter Tevis https://amzn.to/3eUztQO

Best Hand I Ever Played by Steve Rosenbloom https://amzn.to/35qkR8C

.

Gambling With an Edge - guest slot AP Prax part 2

Our guest this week is a return visit from Prax. We talk about life on the road, living in his van, and how covid has affected the AP life.

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.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of machine AP, Prax
[00:33] FaceBook Marketplace arbitrage
[08:24] Van life and nutrition
[11:00] Civil forfeiture
[13:47] Sleeping in a van
[16:25] Coronavirus effects on AP
[24:06] Reacting to the first big loss
[35:58] South Point Casino November Promotions - Half-priced Amazon and Walmart gift cards
[36:38] Predictit.org - place small bets on various political events, $20 deposit match for GWAE listeners
[37:30] VideoPoker.com/gwae - Gold Membership offers correction on most games, Pro Membership includes Quick Quads and Ultimate X

[38:28] Advice to new APs
[43:31] A costly mistake
[44:12] Back-offs
[44:50] More on quality networking
[51:07] Finding a network
[52:49] Talking about slot on Twitter
[55:23] Recommended - People I Mostly Admire podcast


Sponsored Links
SouthPointCasino.com
Predictit.org/promo/edge
BlackjackApprenticeship.com
VideoPoker.com/gwae


Prax's Previous Appearance:
Lasvegasadvisor.com/gambling-with-an-edge/podcast-slot-ap-prax


Recommended:
Freakonomics.com/pima
.