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PSA: PLEASE BE AWARE OF ALL OF THE RISKS INHERENT IN BETTING OF ANY TYPE BEFORE DEPOSITING MONEY THAT YOU CANNOT AFFORD TO LOSE.

PSA: If you're already caught up in this and don't know how to stop, or can't stop, or are in too much trouble to believe that you can ever be normal again...PM me.

There is hope.

« Last edited by Yehuda57 on January 21, 2022, 11:13:03 AM »

Author Topic: [PSA: Gambling Is Risky And Addictive] Sports Betting Account Signup Bonuses  (Read 26573 times)

Offline Euclid

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Re: [PSA: Gambling Is Risky And Addictive] Sports Betting Account Signup Bonuses
« Reply #260 on: February 29, 2024, 07:26:08 PM »
Third thing, you must play through the funds at least once, or else you'll get SD.

Offline Redbull3

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Taxes are a massive headache and take away from any MS benefit IMO. You need to pay taxes on all your winnings, and you can not use the losses to offset.

There is a possible way around it (sessions), but this workaround hasn't been challenged yet in court and no guarantee that it will hold up.

You can also file taxes as a professional gambler to circumvent this, but that's a whole can of worms too (hard if you have income from other sources).

Long story short, speak to an accountant who's very knowledgeable in gambling, especially matched betting, before doing this.

I did some research into it and this is what I came out with - the tax headache is not worth the play.
OP made 125k discover points by loading and withdrawing. No wagering necessary if you are ok waiting 3 days. No taxes.

Offline Euclid

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[PSA: Gambling Is Risky And Addictive] Sports Betting Account Signup Bonuses
« Reply #262 on: March 01, 2024, 10:03:19 AM »
OP made 125k discover points by loading and withdrawing. No wagering necessary if you are ok waiting 3 days. No taxes.
Sure, but you'll be limited/SD if you try to scale this. Books do not like this

Offline Aviw

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