Bigbet
No jail time for me thank God. One of the same guys that represents Jamaal Lewis kept me out of jail. He kept it all money. Thats what the IRS wants anyway. The FBI wants jail, then you have the IRS waiting for you when you get out. The IRS wants money.
Back taxes due including penalties were mid 7 figures.
No jail time for me thank God. One of the same guys that represents Jamaal Lewis kept me out of jail. He kept it all money. Thats what the IRS wants anyway. The FBI wants jail, then you have the IRS waiting for you when you get out. The IRS wants money.
Back taxes due including penalties were mid 7 figures.
Am I reading this correct?
You have made over 15 million dollars touting picks?
Why on earth would you even need to cheat on taxes when your pulling down 7 figures? Especially when your doing something so morally questionable in the first place?
Johnny that just sounds way too greedy, impressive but greedy...
Where do you stand today John?
You have made over 15 million dollars touting picks?
Why on earth would you even need to cheat on taxes when your pulling down 7 figures? Especially when your doing something so morally questionable in the first place?
Johnny that just sounds way too greedy, impressive but greedy...
Where do you stand today John?
Mid 7 fig in taxes and penalties. Penalties are huge. Today I do the Johnny DeMarco 900 and that's about it. A lot calmer than it used to be. A lot less money too.
You're right I didn't need to cheat. I did and I paid the price. I wish I was as good at book-keeping as I was at promoting plays.
Looking back on it, cheating on taxes is the same as betting games-eventually you'll get caught and go down.
You're right I didn't need to cheat. I did and I paid the price. I wish I was as good at book-keeping as I was at promoting plays.
Looking back on it, cheating on taxes is the same as betting games-eventually you'll get caught and go down.
No I don't think there are any players out there who have played for a long time and can call themselves lifetime winners percentage wise. I think there may be a few players who have won money because they got ahead and quit.
I think sportsbooks that kick out so called "wise guys" are ridiculous. A guy can get hot but eventually he is gonna go down big time.
Lifetime percentage is probably roughly 50/50 which is preety decent because a tout always has to have a game.
I think sportsbooks that kick out so called "wise guys" are ridiculous. A guy can get hot but eventually he is gonna go down big time.
Lifetime percentage is probably roughly 50/50 which is preety decent because a tout always has to have a game.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Looking back on it, cheating on taxes is the same as betting games-eventually you'll get caught and go down. <HR></BLOCKQUOTE>
Anyone,
How many Americans gamble? How many Americans cheat on taxes Annually?
Thanks
Anyone,
How many Americans gamble? How many Americans cheat on taxes Annually?
Thanks
My answer "I do" last time I said those words, it cost me dearly....divorce!
I think a gambler paying taxes is a fvcking joke...
We are already overtaxed, hell find a nice tax free cash gig and just take your chances.
Johnny D, thanks for coming in...50% and 15 million dollars later, I would agree... you sure can promote!
I think a gambler paying taxes is a fvcking joke...
We are already overtaxed, hell find a nice tax free cash gig and just take your chances.
Johnny D, thanks for coming in...50% and 15 million dollars later, I would agree... you sure can promote!
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by JohnnyDeMarco:
No I don't think there are any players out there who have played for a long time and can call themselves lifetime winners percentage wise. I think there may be a few players who have won money because they got ahead and quit.
I think sportsbooks that kick out so called "wise guys" are ridiculous. A guy can get hot but eventually he is gonna go down big time.
Lifetime percentage is probably roughly 50/50 which is preety decent because a tout always has to have a game.<HR></BLOCKQUOTE>
Sorry, but that is an incorrect assumption sir.
No I don't think there are any players out there who have played for a long time and can call themselves lifetime winners percentage wise. I think there may be a few players who have won money because they got ahead and quit.
I think sportsbooks that kick out so called "wise guys" are ridiculous. A guy can get hot but eventually he is gonna go down big time.
Lifetime percentage is probably roughly 50/50 which is preety decent because a tout always has to have a game.<HR></BLOCKQUOTE>
Sorry, but that is an incorrect assumption sir.
Agreed Fishhead, JD and others may or may not have ever heard of Billy Baxter, Joe W Brown, Artie B, BW, Herbie Hoops, Tiger, Poker gang, Sonny Reizner, Bob Martin, Lunatic, Lem,etc..or possibly wouldn't recognize them if sitting at the next table over.
DeMarco, I can testify firsthand to being born unto a family of pros & BMs, having known others, and met plenty of people that haven't had an "official/regular" day job for the majority of their adult lives(if ever), yet admit as an disclaimer that the vast majority of pro bettors have had lean times, where they have went into debt or quit, only to return later, and must admit many of these people put pen-to-pad for the majority of their bankroll building, as an income to survive the brutal learning curve that the lifestyle brings.
JD, your premise is correct, as less than 1/10th of 1%, have the necessary mental makeup/ connections/bankrolls/intellect/dedication/info/
etc..to attempt the brutal grind of making it a living.
But you may be surprised as to how many have done it, and still do, though most all old-timers will agree, that it's tougher today than in the past, when they were far ahead of the information relays/changes, & their sophistication edge not as commonplace.
Your premise is correct, in that most stout pros today, must get their money in, and get it out, and pick their spots to play, unlike the past markets of larger limits, personalized lines, slower line relays, varied local lines, LCN/NYC/stores of size,etc..that provided a more year 'round approach/market for many syndicates/pros/followers/middlers/movers/ Bookmaker's bookmaker.
But as any BM or guy in the know here can attest, there are people that do it year-in/year-out in the black!
Any of the many SB managers that visit here, or other moderators in the business care to testify?
JD, if you intended that over a lifetime, that "most" pros/wiseguys have a losing percentage or are in the red, I'll tend to agree, but many have went on to fatten up after graduating their learning curves, or fat career making runs then reducing play sizes.
As for saying a "few" may have won and quit ahead, there are more of them than just a few, yet sadly you are right though, there should be more that walked at their pinnacle..yet most crash and burn.
JD, there is a reason that quite a few folks have to use movers, beards, and runners to get down..it's called "winning"(the art of picking winners)!
There is also a reason why there is a term called "Bookmaker's bookmaker"..it's winning so big for so long, that their regular to larger wager size can often only be made, when a store makes offerings as to balance their entire sheet to certain games..othewise must fill up by piece-mealing.
It takes serious winning to pay the overhead of movers and their legwork fees/commisions, in order to just fill up.
DeMarco, I can testify firsthand to being born unto a family of pros & BMs, having known others, and met plenty of people that haven't had an "official/regular" day job for the majority of their adult lives(if ever), yet admit as an disclaimer that the vast majority of pro bettors have had lean times, where they have went into debt or quit, only to return later, and must admit many of these people put pen-to-pad for the majority of their bankroll building, as an income to survive the brutal learning curve that the lifestyle brings.
JD, your premise is correct, as less than 1/10th of 1%, have the necessary mental makeup/ connections/bankrolls/intellect/dedication/info/
etc..to attempt the brutal grind of making it a living.
But you may be surprised as to how many have done it, and still do, though most all old-timers will agree, that it's tougher today than in the past, when they were far ahead of the information relays/changes, & their sophistication edge not as commonplace.
Your premise is correct, in that most stout pros today, must get their money in, and get it out, and pick their spots to play, unlike the past markets of larger limits, personalized lines, slower line relays, varied local lines, LCN/NYC/stores of size,etc..that provided a more year 'round approach/market for many syndicates/pros/followers/middlers/movers/ Bookmaker's bookmaker.
But as any BM or guy in the know here can attest, there are people that do it year-in/year-out in the black!
Any of the many SB managers that visit here, or other moderators in the business care to testify?
JD, if you intended that over a lifetime, that "most" pros/wiseguys have a losing percentage or are in the red, I'll tend to agree, but many have went on to fatten up after graduating their learning curves, or fat career making runs then reducing play sizes.
As for saying a "few" may have won and quit ahead, there are more of them than just a few, yet sadly you are right though, there should be more that walked at their pinnacle..yet most crash and burn.
JD, there is a reason that quite a few folks have to use movers, beards, and runners to get down..it's called "winning"(the art of picking winners)!
There is also a reason why there is a term called "Bookmaker's bookmaker"..it's winning so big for so long, that their regular to larger wager size can often only be made, when a store makes offerings as to balance their entire sheet to certain games..othewise must fill up by piece-mealing.
It takes serious winning to pay the overhead of movers and their legwork fees/commisions, in order to just fill up.
JTF is under the weather. I used to be married to his daughter. His lungs are giving him alot of trouble. Hopefully he'll be back on the air by football. You'd be surprised how many people ask for him.
Horseshoe,
I agree with everything you said. The old school wise guys are gone. And I'll add the new school wiseguys are the ones in bed with Don Best and get the moves early. Even then a lot of them don't win. Being a tout you see and hear just about everything.
One huge thing most people seems to forget. The guys that set the lines-where do they bet? Seriously who takes those plays?
Horseshoe,
I agree with everything you said. The old school wise guys are gone. And I'll add the new school wiseguys are the ones in bed with Don Best and get the moves early. Even then a lot of them don't win. Being a tout you see and hear just about everything.
One huge thing most people seems to forget. The guys that set the lines-where do they bet? Seriously who takes those plays?
Johnny, you say:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> As far as lying about records. From an economic standpoint only-if you said you lost no one would call. Especially on the 900 side-you could win 10 in a row, lose one and they forget about you.
<HR></BLOCKQUOTE>
and
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Understand this, in this job there is zero long term success. If a guy plays everyday he is going down at some point. It's just a matter of when. <HR></BLOCKQUOTE>
Don't you have any ethical or moral issues with this? You obviously believe that people are going to lose money doing this (at least when following your picks). I don't believe this to be true, and I know there are handicappers that have been quite successful long-term. But that fact that YOU think this, while at the same time selling your picks to someone, is quite outrageous.
You also admit that you manipulate your record, meaning that people who may be looking for a service for one reason or another cannot even trust you to give an accurate representation of your abilities. Don't you think that, even if they are going to lose, that they at least deserve to have an accurate gauge of the quality of a "product" (in this case your picks) before they buy?
Doesn't this amount to flat-out stealing? I have a hard time understanding how someone could do this without any guilt or regret whatsoever.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> As far as lying about records. From an economic standpoint only-if you said you lost no one would call. Especially on the 900 side-you could win 10 in a row, lose one and they forget about you.
<HR></BLOCKQUOTE>
and
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Understand this, in this job there is zero long term success. If a guy plays everyday he is going down at some point. It's just a matter of when. <HR></BLOCKQUOTE>
Don't you have any ethical or moral issues with this? You obviously believe that people are going to lose money doing this (at least when following your picks). I don't believe this to be true, and I know there are handicappers that have been quite successful long-term. But that fact that YOU think this, while at the same time selling your picks to someone, is quite outrageous.
You also admit that you manipulate your record, meaning that people who may be looking for a service for one reason or another cannot even trust you to give an accurate representation of your abilities. Don't you think that, even if they are going to lose, that they at least deserve to have an accurate gauge of the quality of a "product" (in this case your picks) before they buy?
Doesn't this amount to flat-out stealing? I have a hard time understanding how someone could do this without any guilt or regret whatsoever.
It is to some point deceiving but every single person who calls the 900 number has a 50/50 chance to win becauce I give one "big" game. I never said I was selling Bibles. Gambling overall on any level is a high risk business.
I also said that I thought all gamblers who play everyday are losers. I mean that whether they get my plays, your plays or anyones plays if they play everyday they are eventually going to lose.
Do I worry about saying I'm 35-5 the last 7 days? Sometimes. It isn't stealing though becuase they do have a chance to win-50/50 anyway for that particular day.
I also said that I thought all gamblers who play everyday are losers. I mean that whether they get my plays, your plays or anyones plays if they play everyday they are eventually going to lose.
Do I worry about saying I'm 35-5 the last 7 days? Sometimes. It isn't stealing though becuase they do have a chance to win-50/50 anyway for that particular day.
If a person has trouble with me they should really ahve trouble with a sportsbook who offers a 20% bonus with a 5x rollover policy. You do the math and tell me does that person have a chance at all-epsecially a square?
With me and one game they have a chance. With rollovers forcing you to play daily or more than usual you are toast.
With me and one game they have a chance. With rollovers forcing you to play daily or more than usual you are toast.
