MGM cut me off after 3 weeks of betting

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Handicapper
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FreeRyanFerguson.com
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Wouldn’t this not work with legal books because eventually you have to get a 1099 or W2 and they have much stronger KYC standards?
You only get a 1099 if you win a 300-1 or higher longshot. It’s just on you to report the income.
 

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FreeRyanFerguson.com
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What we really need is a betting exchange like Matchbook and Mansion. Those places were awesome and I’ve heard rumblings online that exchanges are coming to the legal market.
 

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You only get a 1099 if you win a 300-1 or higher longshot. It’s just on you to report the income.

Varies by state

A nany state like Illinois doesn't issue a W2 or 1099 if you win over $600 on the app?
 

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For federal taxes, it doesn't matter what state you play in..I thought the books are required to send you tax info. by Jan 31st if you met certain limits--No??
 

FreeRyanFerguson.com
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For federal taxes, it doesn't matter what state you play in..I thought the books are required to send you tax info. by Jan 31st if you met certain limits--No??
I guess that the federal government assumes everyone loses, because the only time you get a tax form for sports is if you hit a 300-1 parlay. For casino slot jsckpots I think if you hit for $1200 you get a 1099. For table games you can win a million and nothing is reported, but of course you are legally obligated to pay taxes on your net winnings each year.
 

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Hadn't previously noticed the time line on this...

They gave you a host after a few days? Understandable at those numbers.

My question---did you actually sign up for a players card or they pressured you into it to take the bet?

I am guessing your unit bet is in the 15-25k range for that win in that amount of time. Why sign up for a players card?

Don't take offense---but seems like such newbie mistakes for someone so seasoned. Player card and shown the door. Just seems like you should have been expecting this.

Just my thoughts and opinion. :)

Now your information and picture will be sent to other books not to take your action. That sucks.
 

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More I think of this more I am even surprised they will accept $300 bets from you---normally its "we won't take ur action" or something like $15.

Just strange.
 

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The $10-$15 limits is something like a badge of honor of the casino(i believe)

So if people come back and make a stink about being banned casino can just reply "we never banned you, you can place a bet on any of our lines you like---we just limited your betting max."

Its beyond stupid but some casinos love to be able to say this as their come back to a banning.
 

FreeRyanFerguson.com
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Hadn't previously noticed the time line on this...

They gave you a host after a few days? Understandable at those numbers.

My question---did you actually sign up for a players card or they pressured you into it to take the bet?

I am guessing your unit bet is in the 15-25k range for that win in that amount of time. Why sign up for a players card?

Don't take offense---but seems like such newbie mistakes for someone so seasoned. Player card and shown the door. Just seems like you should have been expecting this.

Just my thoughts and opinion. :)

Now your information and picture will be sent to other books not to take your action. That sucks.
5k a game. I just signed up, and it automatically linked to my MGM players card. A host contacted me right away after 36 hours once she noticed I was betting 2k a game. I asked if she could up my limits to 5 “like everywhere else” lol and she got it done. Three weeks later I could only bet $300 and then a week later it was down to $11.
 

FreeRyanFerguson.com
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Hadn't previously noticed the time line on this...

They gave you a host after a few days? Understandable at those numbers.

My question---did you actually sign up for a players card or they pressured you into it to take the bet?

I am guessing your unit bet is in the 15-25k range for that win in that amount of time. Why sign up for a players card?

Don't take offense---but seems like such newbie mistakes for someone so seasoned. Player card and shown the door. Just seems like you should have been expecting this.

Just my thoughts and opinion. :)

Now your information and picture will be sent to other books not to take your action. That sucks.
My buddy is a casino consultant and said that the regulated books are not allowed to share any information on players.
 

FreeRyanFerguson.com
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you living in Vegas Ilini ?
No, I actually hate Las Vegas. Every time I go there I want to leave and every time I go to Biloxi I want to stay. Eventually I’ll probably move down there. Great people, great culture where everyone says hello. Gambling town, but not a dark place like Vegas.
 

Nirvana Shill
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Is Kermit still alive? Tell him I said hello. Loved hanging with that guy when I did live out there briefly.
My visits to Vegas are more frequent , but in and out quickly...Just take care of business , then outta there.
I talk and see Kermit all the time. He's doing well. He's up in Washington.. nice spread he has up there. I will give him the message.
 

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