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Old 01-14-2011, 12:44 PM
 
1,320 posts, read 2,392,143 times
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Hello, Just want an opinion or fact. Is betting on NFL games legal to do? I read its a billion dollar business.

I follow NFL alot and a friend told me bout this website. And I was thinking of making a lil money on betting on NFL games. But if its illegal, I dont want to go to jail.

Any comments.

Last edited by vter; 01-14-2011 at 08:35 PM..
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Old 01-15-2011, 01:01 AM
 
Location: Dallas
76 posts, read 300,600 times
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Quote:
Originally Posted by darrell2525 View Post
Hello, Just want an opinion or fact. Is betting on NFL games legal to do? I read its a billion dollar business.

I follow NFL alot and a friend told me bout this website. And I was thinking of making a lil money on betting on NFL games. But if its illegal, I dont want to go to jail.

Any comments.
its illegal but u rarely get caught =p
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Old 01-15-2011, 02:29 AM
 
5,586 posts, read 9,859,196 times
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No one has ever gone to jail just for betting on football online. I think one person got fined for doing it, yep just one person out of millions who have done it. Those who get in trouble are the bookmakers, not the bettors.
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Old 01-15-2011, 09:45 AM
 
1,320 posts, read 2,392,143 times
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Quote:
Originally Posted by Willy702 View Post
No one has ever gone to jail just for betting on football online. I think one person got fined for doing it, yep just one person out of millions who have done it. Those who get in trouble are the bookmakers, not the bettors.

Can I lose my job for betting on NFL games? Is it somewhat unethical?

Thanks
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Old 01-15-2011, 09:58 AM
 
10,494 posts, read 24,386,191 times
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Quote:
Originally Posted by darrell2525 View Post
Can I lose my job for betting on NFL games? Is it somewhat unethical?

Thanks
Of course not. Betting on sports is fully legal but not advised because of the vig. Most (if not all) sports advisers lie about their record. I personally tried it years ago and lost a lot of money.
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Old 01-16-2011, 01:30 PM
 
5,586 posts, read 9,859,196 times
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Quote:
Originally Posted by darrell2525 View Post
Can I lose my job for betting on NFL games? Is it somewhat unethical?

Thanks
Very unlikely as long as you don't do it from work. In just about any office with at least 10 workers someone had action on the games this weekend, whether it was betting online, informal bets with friends, playing squares or dealing with a neighborhood bookie (who most likely was sending the bets to an offshore sportsbook). So having action on the games is not going to be an issue unless you have a very high profile job where everything you do is scrutinized.
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Old 02-13-2011, 06:31 PM
 
Location: Tampa, FL
27,798 posts, read 28,257,304 times
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I'm sure there are jobs where you possibly could lose your job if your employer found out.

Legal? How do you pay taxes on your winnings - you probably don't.

I think my bank doesn't transfer funds to the offshore acct (I vaguely remember reading a notice once). I wonder if there are any commercial US banks that fund offshore accounts.
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Old 02-13-2011, 10:57 PM
 
5,586 posts, read 9,859,196 times
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Quote:
Originally Posted by BucFan View Post
I'm sure there are jobs where you possibly could lose your job if your employer found out.

Legal? How do you pay taxes on your winnings - you probably don't.

I think my bank doesn't transfer funds to the offshore acct (I vaguely remember reading a notice once). I wonder if there are any commercial US banks that fund offshore accounts.
Employers would have a hard time finding out, but sure if you were applying for a job or had one which allowed for very deep background checks then it could get you in trouble. Very few individuals have such jobs. Now if you did it on company time on a company computer its a different story. Do it on your smartphone or from your home computer and its not likely to come out.

As for taxes, technically you are required to pay taxes on every winning wager and then on another line offset it with every losing wager up until you are breaking even. Extremely few people do this. Its easy to pay taxes though, there is no disclosure of what sort of gambling you did when you file your taxes, gambling winnings are gambling winnings and there are plenty of places to gamble these days.

As for funding, its awfully tough to do compared to what it used to be, but there are still people getting deposits in and out so you can't say its not done.
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Old 02-14-2011, 09:11 AM
 
8,265 posts, read 11,195,775 times
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Quote:
Originally Posted by Willy702 View Post
As for taxes, technically you are required to pay taxes on every winning wager and then on another line offset it with every losing wager up until you are breaking even. Extremely few people do this.
Yup. It is like the profit from a garage sale, or one neighbor paying geekier neighbor to help fix his computer. You have to be talking some pretty big numbers for anyone to notice or care.
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Old 02-15-2011, 06:45 PM
 
1,096 posts, read 4,243,909 times
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It's technically illegal but they even have commercials for sportsbook and bodog on tv here where gambling online isn't legal.

Many credit card companies have stopped letting their cards be used for online betting but many sites get around it by selling you "tokens" you turn in for money rather than selling you money credits directly.

Also not all banks and cards have stopped working. Chase banks visa card still works, not the mastercard though. Some of those prepaid cards work as well, this is a good option as its not tied to your name. Call the sportsbook first though adn tehy will tell you which cards work, dont buy one or there's a chance its one they cant take unless you check with them prior to buying.

Its kind of ridiculous. In IL you can bet on horses from home but cant bet on a football game. These idiot politicians dont want video poker in bars b/c they call it the crack cocaine of gambling and say it makes it too easy.

At least a video poker machine in a bar someoen has to get off their fat ass and go to the bar, they do allow betting on horses from home. How is that not easier than going to a bar?

The laws are so hypocritical most people just choose not to follow them and gamble. No one has been caught, I think one guy running a site from Costa rica got arrrested when he came back to the states. Unless your the one running the book nooone cares.
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