TreeTwista10 minisoldr 148536 Posts user info edit post |
Draftkings has a "King of the Court" thing for the NBA where you place a bet on a player prop with -500 minimum odds, and if that player leads the league in P+R+A for that day, you get a share of $1M in bonus bets. I picked Luka points last night and lost the bet, but got a $36 bonus bet. Taking Giannis tonight 10/25/2024 5:23:41 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
Trae Young won it last night and it looks like the bonus bets were $290. So while guys like Luka and Jokic are probably safer bets, the bonus bets will be lower for them if more people pick them. But I'm going with Jokic today. 10/26/2024 9:40:58 AM |
StTexan Let Trump cook! 7329 Posts user info edit post |
Aww man you said we were going to sizzler 10/26/2024 12:05:52 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
taking Harden tonight 10/27/2024 3:18:36 PM |
JT3bucky All American 23273 Posts user info edit post |
Interesting about the DK thing, I will try that tonight.
Another successful parlay of overs/unders. Getting good at those early in the year. 4 pick parlay hit last night. I'm hammering anything in the 200s for over. 10/30/2024 9:22:41 AM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
I received a $240 bonus bet for picking Devin Booker in King of the Court last night 11/1/2024 12:28:50 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
yolo'd my bonus bet on OKC -11 vs POR. Looks like Zion was the play tonight if my math is correct, so I lost $0.10 on Jokic but won $208.69 on the bonus bet. 11/2/2024 12:34:26 AM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
King of the Court is back, but now you have to do a $5 minimum bet with -200 minimum odds. Going Anthony Davis tonight. 11/13/2024 5:14:59 PM |
beatsunc All American 10750 Posts user info edit post |
i got Mikko Rantanen to score a hockey goal boosted to +220 on DK tonight
almost all the dk promos are parlays now and i dont do those. sad 11/13/2024 6:25:02 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
looks like Giannis was the play lol. 59 points, 14 rebounds, 7 assists. 11/13/2024 11:17:26 PM |
Elwood All American 4088 Posts user info edit post |
in a slump. made some small bets on Tyson and Stipe knocking out Jones and Paul. 11/15/2024 9:14:22 AM |
Motiak All American 1500 Posts user info edit post |
I saw Erin Pare is trying to pass a law to make our taxes easier https://www.wral.com/story/north-carolina-sets-sports-betting-record-in-october-total-wagered-eclipses-600-million/21719101/ so hopefully that works out. 11/15/2024 12:56:53 PM |
beatsunc All American 10750 Posts user info edit post |
^
Quote : | ""Once we found out that we're just getting taxed on winnings and can't deduct our losses like the federal way, we just stopped because it's tough enough to beat the sportsbook, much less the state," he said." |
not being able to deduct losses is total BS. if you won $10k but lost $11k in the year not only did you lose $1k to the app but now you owe NC taxes on the $10k
[Edited on November 17, 2024 at 7:55 AM. Reason : bs]11/17/2024 7:50:59 AM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
1 Giannis rebound away from hitting an 11 leg SGP turning $5 to $280. Classic. 11/23/2024 10:39:25 PM |
justinh524 Sprots Talk Mod 28015 Posts user info edit post |
^^good. gambling losses should not be tax deductible. ] 11/23/2024 10:45:32 PM |
StTexan Let Trump cook! 7329 Posts user info edit post |
Why should they be tax deductible is a better question 11/23/2024 11:12:14 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
It's not that you should specifically be able to deduct your losses. It's that you should be taxed on your net winnings. If you go into a casino and win $1000, and then bet $900 on a hand of poker and lose, your net wins/losses is $100. And you're taxed on $100. You aren't taxed on the $1000 win.
It would be like if you owned stocks and you were taxed every time they gained value, even if they then lost value. 11/23/2024 11:59:22 PM |
StTexan Let Trump cook! 7329 Posts user info edit post |
However stocks and big league games are quite different, no? 11/24/2024 12:25:06 AM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
I mean, they're both just betting on what you think will happen. If you buy into a $1000 poker game in Vegas, and you get your chips up to $2500, but eventually go all in and lose.. Should you have to pay taxes on $2500 of temporary chips ,even though the actual net result is you lose $1000? 11/24/2024 2:00:19 AM |
beatsunc All American 10750 Posts user info edit post |
Quote : | "If you go into a casino and win $1000, and then bet $900 on a hand of poker and lose, your net wins/losses is $100. And you're taxed on $100. You aren't taxed on the $1000 win" |
or since most people dont win its more likely you lost $1100 after winning $1000.
many thousands of people in NC are going to be surprised and pissed when they get a w2 showing winnings when they actually lost11/24/2024 9:13:43 AM |
Motiak All American 1500 Posts user info edit post |
Realistically there's no way to maintain sports betting if the losses can't be deducted. The system is already built such that you need to win 55% of bets to break even and if you can't deduct losses then there is no way to be profitable. 11/24/2024 9:10:14 PM |
justinh524 Sprots Talk Mod 28015 Posts user info edit post |
(gambling isn't meant to be profitable to anyone but the people taking the bets) 11/25/2024 1:20:48 AM |
Motiak All American 1500 Posts user info edit post |
^Making the people who take the bets lose money is very easy, it's just not worth my time if I also lose money as well due to how it's taxed. 11/25/2024 12:17:25 PM |
TreeTwista10 minisoldr 148536 Posts user info edit post |
revisiting some of my futures
Vikings under 7.5 wins dumb L Arizona wins Big 12 +1400 L Oregon wins Big Ten +225 W Jets over 9.5 wins L Colorado under 5.5 wins L but I did get in on Travis Hunter for Heisman at +2500 NC State over 8.5 wins L Georgia wins SEC +200 W Panthers over 4.5 wins maybe? 12/8/2024 12:00:53 AM |