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janus · 07-04-09, 06:11 PM

Quote:

Originally Posted by THE SHRINK

Misery is optional for me personally. I can choose to stay in that crappy and angry mood or I can choose to start my day over at any time...

Sometimes, I will do something nice for someone else, even though I don't feel like it...

This often helps me get out of myself and in a better frame of mind...

THE SHRINK

great answer.

Max Value · 07-04-09, 06:47 PM

Next ?

Shrink

With the continued growth of Matchbook betting exchange and being that it is obvioulsy dipping into -110 books profits ..do you see any sportbook owners getting on board with this type of betting model ?

Viejo Dinosaur · 07-04-09, 07:31 PM

Shrink...

Do you know of any forum that turns down advertising from any Sportsbook?

Can forums turn to advertising from non-gaming companies, such as travel...?

THE SHRINK · 07-04-09, 07:40 PM

Quote:

Originally Posted by Max Value

Next ?

Shrink

With the continued growth of Matchbook betting exchange and being that it is obvioulsy dipping into -110 books profits ..do you see any sportbook owners getting on board with this type of betting model ?

I know for a fact that one of the giants is about to enter the ring...

THE SHRINK

THE SHRINK · 07-04-09, 07:47 PM

Quote:

Originally Posted by Viejo Dinosaur

Shrink...

1-Do you know of any forum that turns down advertising from any Sportsbook?

2-Can forums turn to advertising from non-gaming companies, such as travel...?

1-Dummies?

2-It is very difficult. Anything is possible I suppose, but given the current state of the economy in the US and abroad, I suspect that the gambling industry isn't targeted enough for most non-gaming companies such as travel agencies to spend money on...

Then, there's also the argument that some non gaming sites would have their image tarnished by appearing on something considered ILLEGAL here in the United States...

THE SHRINK

shdw01 · 07-04-09, 07:55 PM

Quote:

Originally Posted by THE SHRINK

Misery is optional for me personally. I can choose to stay in that crappy and angry mood or I can choose to start my day over at any time...

Sometimes, I will do something nice for someone else, even though I don't feel like it...

This often helps me get out of myself and in a better frame of mind...

THE SHRINK

good idea....doing nice to others....

The Noob · 07-04-09, 08:56 PM

Quote:

Originally Posted by THE SHRINK

GREAT QUESTION!!!!

I believe that has a lot to do with your personality and how you handicap...

For some people, especially the addictive type, I believe it is best to stick with the same amount on all games and the reason should be obvious...

Gamblers who play for "action" and "thrill" are more prone to become addicted and chase. If you fit this description, then you know from personal experience you can lose your entire bankroll because of poor money management and discipline...

On the other hand, if you are a very serious bettor, and perhaps you are almost a Professional at it, then by all means you SHOULD vary your bets anywhere from 1 to maybe 3 units...

Almost every Pro gambler that speaks to me varies their wagers depending on how much the better of it they believe they will have compared to the closing line...

For example, if The Patriots are favored by 3 over the Jets , and I have the game handicapped to fall 6, then this would fall into a 3 unit bet...

Also, if I know the pointspread is going to move favorably due to contacts I have, then that also qualifies as a larger bet...

I am assuming all pros are seasoned vets at bankroll management and discipline. And that's the only group I believe I'd recommend such variance to..

THE SHRINK

Thanks Shrink

,

For me equal bets are the key to my money management. If I really feel strongly about a game then I will bet it for 2 units, but that only happens 3 or 4 times a season.

Majman · 07-04-09, 11:03 PM

Shrink,

From your experience around larger online gamblers, specifically online gambling winners, how do they handle taxes? Do they typically meticulously follow all of the reporting guidelines?

With the reporting standards for poker, it is almost impossible to not file as a professional gambler and not pay 80% of your net winnings to the IRS. This is because you are taxed on each individual winning session and can't write off all of your losses. Russell Fox has a site devoted to this and his advice is quite grim for the winners in terms of how much you lose. Any info you have on how winners that you know handle this would be helpful. Have you heard of any audits and results?

Doug · 07-05-09, 12:17 AM

Quote:

Originally Posted by Mamon

Dear Mr. Shrink,

I have often thought about how many times I have lost late night Drunk and High. How would you suggest coping with this problem. In the old days it was call the bookie and final bets in at 7pm or 9pm on MNF. These days the best I do is cap all the late games everyday before the first heroin.

Maybe skip the heroin ?

Blondie · 07-05-09, 08:25 AM

Quote:

Originally Posted by THE SHRINK

Misery is optional for me personally. I can choose to stay in that crappy and angry mood or I can choose to start my day over at any time...

Sometimes, I will do something nice for someone else, even though I don't feel like it...

This often helps me get out of myself and in a better frame of mind...

THE SHRINK

Great answer!

THE SHRINK · 07-05-09, 08:45 AM

Quote:

Originally Posted by Majman

Shrink,

From your experience around larger online gamblers, specifically online gambling winners, how do they handle taxes? Do they typically meticulously follow all of the reporting guidelines?

With the reporting standards for poker, it is almost impossible to not file as a professional gambler and not pay 80% of your net winnings to the IRS. This is because you are taxed on each individual winning session and can't write off all of your losses. Russell Fox has a site devoted to this and his advice is quite grim for the winners in terms of how much you lose. Any info you have on how winners that you know handle this would be helpful. Have you heard of any audits and results?

Personally, I have had to declare my gambling winnings each year for the past decade. I was informed from my both my attorney and accountant to be as diligent, thorough, complete and honest as possible.

It has also been alleged that the largely unsupervised electronic funds transfers inherent in online gambling are being exploited by criminal interests to launder large amounts of money.

Therefore, I do not want to spend time behind bars because of greed. I strongly recommend those who make a significant income to declare and report your annual gambling profits.

This may not be the answer you were looking for, but I can go to sleep at night without fear of ramifications from the IRS.

As for audits, I have been through three. Imagine that!

However, I have been fortunate enough to survive all of them and with flying colors, I might add..

THE SHRINK

Rinkrat · 07-05-09, 10:53 AM

Dr. Shrink,
For any one the books you use, what's the maximum amount of $$$ you feel comfortable having in any one book?

RR

THE SHRINK · 07-05-09, 10:58 AM

Quote:

Originally Posted by Rinkrat

Dr. Shrink,

For any one the books you use, what's the maximum amount of $$$ you feel comfortable having in any one book?

RR

25% of my bankroll...

Teddy kgb · 07-05-09, 11:14 AM

Dr. Shrink,
Is there advantages is using plastic money IE. credit cards when trying to build your bankroll or do you suggest starting with the amount you really have on hand regardless how small?

ZZ CREAM · 07-05-09, 11:16 AM

Quote:

Originally Posted by THE SHRINK

25% of my bankroll...

I can't believe you would post-up with any book except maybe small money just because their lines were really bad. That being said, why would you have up to 25% of your bankroll with any book? Mark me confused.

THE SHRINK · 07-05-09, 11:21 AM

Quote:

Originally Posted by Teddy kgb

Dr. Shrink,

Is there advantages is using plastic money IE. credit cards when trying to build your bankroll or do you suggest starting with the amount you really have on hand regardless how small?

Credit Cards lead to debt. Debt can lead to big trouble. I strongly suugest using the amount you have on hand regardless of how small it is for the recreational gambler...

The Noob · 07-05-09, 11:22 AM

Quote:

Originally Posted by Teddy kgb

Dr. Shrink,
Is there advantages is using plastic money IE. credit cards when trying to build your bankroll or do you suggest starting with the amount you really have on hand regardless how small?

Teddy I hope you you are joking here

.

Never bet with money from CC's

THE SHRINK · 07-05-09, 11:29 AM

Quote:

Originally Posted by ZZ CREAM

I can't believe you would post-up with any book except maybe small money just because their lines were really bad. That being said, why would you have up to 25% of your bankroll with any book? Mark me confused.

ZZ CREAM,

The majority of posters aren't fortunate enough to qualify for online credit. Given the current climate within our industry, it may be more difficult to obtain an offshore credit account than a Platinum American Express Card.

I was replying to the recreational gambler who has no choice but to post up or play locally. If I were to post up, I would divide my bankroll between 4 sports books, rather than 1, to minimize risk.

For example, if my bankroll was 1k for this upcoming Football Season, I would feel quite comfortable sending 250 dollars a piece to Pinnacle, Bet Phoenix, Bet Jamaica, and Matchbook.

THE SHRINK

ZZ CREAM · 07-05-09, 11:35 AM

Quote:

Originally Posted by THE SHRINK

ZZ CREAM,

The majority of posters aren't fortunate enough to qualify for online credit. Given the current climate within our industry, it may be more difficult to obtain an offshore credit account than a Platinum American Express Card.

I was replying to the recreational gambler who has no choice but to post up or play locally. If I were to post up, I would divide my bankroll between 4 sports books, rather than 1, to minimize risk.

For example, if my bankroll was 1k for this upcoming Football Season, I would feel quite comfortable sending 250 dollars a piece to Pinnacle, Bet Phoenix, Bet Jamaica, and Matchbook.

THE SHRINK

Okay, mark me confused.....................and STUPID. Sorry Shrink. I understand now.

P.S. Shut up Tiny, I hear you smirking all the way up here.

Rinkrat · 07-05-09, 01:08 PM

Quote:

Originally Posted by THE SHRINK

25% of my bankroll...

Thanks Ken.

kelp0027 · 07-05-09, 01:14 PM

What is the meaning of life???

tia

gl

THE SHRINK · 07-05-09, 01:35 PM

Quote:

Originally Posted by kelp0027

What is the meaning of life???

tia

gl

similar to the meaning for love...

ShavenCoinpurse · 07-09-09, 09:14 AM

Forget to give credit again here Shrink?

Which articles do you REALLY write?

Blondie · 07-09-09, 09:22 AM

Quote:

Originally Posted by ShavenCoinpurse

Forget to give credit again here Shrink?

Which articles do you REALLY write?

Shrink does write many of the lead stories and the industry news on the front page. When I am placing them up on there, I had slacked off on not running them through a checker as a reminder to quote the source.

He has apologized for his actions and we are implementing steps to prevent this from happening to any of our writers in the future.

raiders72001 · 07-09-09, 09:24 AM

Quote:

Originally Posted by Blondie

Shrink does write many of the lead stories and the industry news on the front page. When I am placing them up on there, I had slacked off on not running them through a checker as a reminder to quote the source.

He has apologized for his actions and we are implementing steps to prevent this from happening to any of our writers in the future.

blondie- lay down on this one.

Blondie · 07-09-09, 09:27 AM

Quote:

Originally Posted by raiders72001

blondie- lay down on this one.

Why?

I am not making any excuses for what has happened. However, I am stating anyone is free to check for plagiarism from ANY future articles.

I will even provide a link for you, so you don't have to find your own checker.

http://www.plagiarismchecker.com/

ShavenCoinpurse · 07-09-09, 09:27 AM

Quote:

Originally Posted by Blondie

Shrink does write many of the lead stories and the industry news on the front page. When I am placing them up on there, I had slacked off on not running them through a checker as a reminder to quote the source.

He has apologized for his actions and we are implementing steps to prevent this from happening to any of our writers in the future.

He even changes the article to appear as if he writes them. I just read the real thread on 2+2. Sad.

raiders72001 · 07-09-09, 09:32 AM

Quote:

Originally Posted by Blondie

Why?

I am not making any excuses for what has happened. However, I am stating anyone is free to check for plagiarism from ANY future articles.

I will even provide a link for you, so you don't have to find your own checker.

http://www.plagiarismchecker.com/

Read Shrink's post in this thread. He made it obvious to all that he was taking credit.

raiders72001 · 07-09-09, 09:34 AM

Quote:

Nice to see Ken doing more writing, we can all learn a thing or two. Hope it's a regular feature.

Why wasn't something said here? Lots of replies after this post.

roach23 · 07-09-09, 09:36 AM

Quote:

Originally Posted by Blondie

Shrink does write many of the lead stories and the industry news on the front page. When I am placing them up on there, I had slacked off on not running them through a checker as a reminder to quote the source.

He has apologized for his actions and we are implementing steps to prevent this from happening to any of our writers in the future.

Blondie · 07-09-09, 09:40 AM

Quote:

Originally Posted by raiders72001

Read Shrink's post in this thread. He made it obvious to all that he was taking credit.

I am not excusing what happened and neither is he.

Jeff Jones · 07-10-09, 01:33 PM

Dear Shrink...

Dismissing the ever-popular alchohol and drugs angle.

Have you made more money through the "business of gambling" than you ever made actually gambling on your own? Your website success is documented. The wealth there has given you tremendous credibility among the posters as well as the means to wheel and deal..

Other than in a few examples, is the money in sports gambling made more by the ancillary businesses (tout, bookie, web owner, seminar salesman, radio host, author, systems peddler, or whatever) without all the headaches of actual daily gambling?

What advice do you have for every 21-yr-old with $200 and a tattoo and a 20% bonus dream about his chances with Internet gambling?

Romanowski · 07-10-09, 01:53 PM

Quote:

Originally Posted by Jeff Jones

What advice do you have for every 21-yr-old with $200 and a tattoo and a 20% bonus dream about his chances with Internet gambling?

joeybagadonuts · 07-10-09, 02:22 PM

Quote:

Originally Posted by Jimmy Hoffa

My bank doesn't ask about my wire transfers.

However, if they did I would tell them I am purchasing South American pottery as I used to tell the nosey Western Union customer service reps.

Classic.

I would tell them my poor uncle was being kidnapped and I needed to send the funds. That got me booted real quick.

WU = dog shit

joeybagadonuts · 07-10-09, 02:23 PM

Quote:

Originally Posted by Jeff Jones

Dear Shrink...

Dismissing the ever-popular alchohol and drugs angle.

Have you made more money through the "business of gambling" than you ever made actually gambling on your own? Your website success is documented. The wealth there has given you tremendous credibility among the posters as well as the means to wheel and deal..

Other than in a few examples, is the money in sports gambling made more by the ancillary businesses (tout, bookie, web owner, seminar salesman, radio host, author, systems peddler, or whatever) without all the headaches of actual daily gambling?

What advice do you have for every 21-yr-old with $200 and a tattoo and a 20% bonus dream about his chances with Internet gambling?

Good questions, Jeffy.

No way in hell Mr Shrink answers them honestly.

07-04-09, 06:47 PM	#37
Max Value EOG Member Join Date: Oct 09, 2006 Posts: 13	Re: Online Gambling: Ask The Shrink Next ? Shrink With the continued growth of Matchbook betting exchange and being that it is obvioulsy dipping into -110 books profits ..do you see any sportbook owners getting on board with this type of betting model ?

07-04-09, 07:31 PM	#38
Viejo Dinosaur EOG Dedicated Join Date: Dec 24, 2008 Location: Thailand Posts: 5,707	Re: Online Gambling: Ask The Shrink Shrink... Do you know of any forum that turns down advertising from any Sportsbook? Can forums turn to advertising from non-gaming companies, such as travel...?

07-04-09, 11:03 PM	#43
Majman EOG Enthusiast Join Date: Feb 13, 2007 Posts: 158	Re: Online Gambling: Ask The Shrink Shrink, From your experience around larger online gamblers, specifically online gambling winners, how do they handle taxes? Do they typically meticulously follow all of the reporting guidelines? With the reporting standards for poker, it is almost impossible to not file as a professional gambler and not pay 80% of your net winnings to the IRS. This is because you are taxed on each individual winning session and can't write off all of your losses. Russell Fox has a site devoted to this and his advice is quite grim for the winners in terms of how much you lose. Any info you have on how winners that you know handle this would be helpful. Have you heard of any audits and results?

07-05-09, 10:53 AM	#47
Rinkrat EOG Media Hack Join Date: Aug 19, 2005 Location: Massachusetts Posts: 3,443	Re: Online Gambling: Ask The Shrink Dr. Shrink, For any one the books you use, what's the maximum amount of $$$ you feel comfortable having in any one book? RR

07-05-09, 11:14 AM	#49
Teddy kgb Steak tartar loves me Join Date: Dec 02, 2008 Posts: 1,824	Re: Online Gambling: Ask The Shrink Dr. Shrink, Is there advantages is using plastic money IE. credit cards when trying to build your bankroll or do you suggest starting with the amount you really have on hand regardless how small?

07-05-09, 01:14 PM	#56
kelp0027 EOG Dedicated Join Date: Sep 25, 2005 Location: ninety six, s. car. Posts: 7,098	Re: Online Gambling: Ask The Shrink What is the meaning of life??? tia gl

07-09-09, 09:14 AM	#58
ShavenCoinpurse EOG Dedicated Join Date: Aug 10, 2006 Posts: 6,666	Re: Online Gambling: Ask The Shrink Forget to give credit again here Shrink? Which articles do you REALLY write?

07-10-09, 01:33 PM	#67
Jeff Jones EOG Gadfly/Curmudgeon Join Date: Aug 27, 2007 Location: The South Strip Posts: 8,867	Re: Online Gambling: Ask The Shrink Dear Shrink... Dismissing the ever-popular alchohol and drugs angle. Have you made more money through the "business of gambling" than you ever made actually gambling on your own? Your website success is documented. The wealth there has given you tremendous credibility among the posters as well as the means to wheel and deal.. Other than in a few examples, is the money in sports gambling made more by the ancillary businesses (tout, bookie, web owner, seminar salesman, radio host, author, systems peddler, or whatever) without all the headaches of actual daily gambling? What advice do you have for every 21-yr-old with $200 and a tattoo and a 20% bonus dream about his chances with Internet gambling?

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