Washing money seems like the post plausible reason he had so much cash on him all the time. If you listened to him he knew jack about sports.
Any reasonable explanation and Im all ears.
Regardless of what anyone thinks,the facts are he was betting huge amounts,probably losing,nobody is sure,but he was able to get big sums down.He used a muggy martingale system...of course huge losses would occur on the occasion it went tits up in a 4 game series..but them losses were v few and in order to make the money legal with the least chance of losing a martingale system sounds the best right ?
He is begging for $100 via email from sapps who believe he is some sports betting guru,which as Wiz pointed out,is not true.Why is a man whos betting 100s of thousands of dollars virtually begging for $100/$200 ?...possibly cause hes being paid a minimal amount to wring them big sums of cash out?
He was evicted(you US blokes call it something else) from a nightclub in the Bellagio for some kind of drug dealing/possesion...again why would a guy betting huge amounts be petty drug dealing ? he wouldnt,he would just have easy access to it,and have enough to supply his friends/hookers/escorts for the night.
Thats my theory anyway.
Good stuff today from Diamond Dave's defense team. Claim feds targeted him because he was annihilating the books.
well it might not be his money.....he could be using / spending it...and the owner has not found out yet or until this past week or so... sometimes people would trust someone with several million to hold for them...they cannot hold it their house because they could be watched........ all US credit books do that....when the pinch comes in the feds get nothing but 10k in the house.
the question here is where did he get the money???? they cut the investigation off maybe way too early... now dave could have the good guys and the bad guys asking questions to him.
This smells a lot like Adam Meyer less the Martingale bs. Guy has been in & out of Gamblers Anonymous and not because he's winning.
The continuing saga of "famed sports bettor" [could be, but personally I never heard of him before he got indicted] Vegas Dave:
Never confuse price with value, consensus with wisdom, or conformity with courage.
Someone he knew may have wanted drugs and Dave sold some of his. Or many other possibilities.
I haven't read anything about it other than what you posted, but I wouldn't conclude he was a dealer based on that.
More interesting is why they "evicted" him. Drugs are common at the clubs, and the mob management is well aware of this.
Perhaps management was sick of him for some reason? Cops or ATF agents in the club so management had to evict him when his activity was spotted to save their liquor license? (Just guesses - according to his statements in the past he was a big spender at the clubs so surprising he'd get 86'ed for a common activity).
He's not a dealer from what I heard....He uses drugs to get chicks.
He was money laundering through sportsbooks? What a fucking idiot.