Gambling With an Edge

Latest Episodes:

Bob Nersesian 12/8/2022 Dec 09, 2022

Show notes

Our guest this week is attorney Bob Nersesian. Bob answers legal questions sent in by our listeners.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of gambling attorney, Bob Nersesian
[00:30] Spotify podcast stats for GWAE
[01:56] Resorts Casino in AC, sovereign immunity.
[04:13] Online sportsbook misgraded wager
[09:11] Player asked for SSN for craps buy-in, CTR
[12:50] Chip verification in Las Vegas after the Young case
[23:43] Civil forfeiture
[28:45] Playing unrated after a trespass
[34:42] Identification requirements and refusals for CTRs, SAR
[45:46] Commercials
[49:12] Sports betting TOS, betting by a spouse
[53:01] Limiting skilled sports bettors
[56:51] Structuring, exceeding $10k over multiple buy-ins
[59:55] Recommended: Jeki Yoo, Season 5 of The Crown, Band of Brothers
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Recommended:
http://Instagram.com/jekiyoo
http://Netflix.com/title/80025678
http://Hbo.com/band-of-brothers

Gambling With an Edge - guest Russell Fox 12/01/2022 Dec 01, 2022

Show notes

Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of gambling tax professional, Russel Fox
[00:42] Form 1099-K
[03:59] Gambling winnings as a U.K. resident
[08:39] Sports betting partnerships
[09:42] Can gambling losses be carried over to future years?
[10:46] Session recording for sports betting, related transactions
[15:10] Reporting income earned by family members
[17:30] Can an EIN be used for W2G's?
[18:28] W2Gs for online table games play, session accounting
[20:40] State taxes on phantom gambling income, deductions
[21:52] Gambling logs, audits
[26:17] Horse racing W2G's, 300x rule
[28:09] Incorrect SSN on W2G
[29:32] Sessions at different casinos
[30:40] U.K. and US tax treaty for slot jackpots, lotteries
[32:50] Nevada taxes on sports betting
[35:32] Commercials
[38:50] Tax on futures wagers
[39:50] Combined gambling records when filing jointly, community property states
[41:35] Form 5754, issuing 1099s
[44:57] Good and bad states for gambling
[48:03] Gambling wins and losses as part of a diversified portfolio
[48:53] Withholding on W2G
[50:01] Recommended: James Fridman, ProHealth Longevity NMN Pro Complete, Blood and Iron by Katja Hoyer
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Recommended:
http://Jamesfridman.com
http://Prohealth.com/pages/uthever-nmn
Blood and Iron by Katja Hoyer - https://amzn.to/3izxVSk
Park v Commissioner - https://www.govinfo.gov/app/details/USCOURTS-caDC-12-01058/USCOURTS-caDC-12-01058-0

Tales From The Felt Nov 25, 2022

Show notes

Our guests this week are Colin Jones, and David Drury. We talk about a new book they produced called "Tales From The Felt," which is a collection of 21 true stories from 21 different professional blackjack players.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of Colin Jones and David Drury, authors of Tales from the Felt
[00:40] A listener thanks GWAE
[02:43] The idea for Tales from the Felt
[04:24] Selecting stories, favorite stories
[10:33] Deadlines, editing, managing authors
[13:07] Were there any authors that weren't able to contribute?
[17:13] Is the book currently available?
[18:55] Book proceeds benefit the Blackjack Hall of Fame 501(c)(3)
[20:08] How to order the book, bonus content
[23:05] Commercials
[27:25] Seven Tonys, The Mansplainer, and showing the humanity of AP
[34:03] How did Richard choose his story?
[36:08] David's riverboat story
[38:31] When will book orders start shipping?
[39:24] The Gift of the Magi by Darryl Purpose, Harlan Coben's Myron Bolitar Series, Moneyball by Michael Lewis, Friends of the Children nonprofit, Swatch Watch
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Link to Buy Tales From the Felt by Colin Jones and David Drury
http://Store.blackjackapprenticeship.com/collections/frontpage/products/tales-from-the-felt-an-illustrated-anthology
Recommended:
http://Darrylpurpose.bandcamp.com/track/the-gift-of-the-magi
Harlan Coben's Myron Bolitar Series - https://amzn.to/3GIQHAo
Moneyball by Michael Lewis - https://amzn.to/3EAJaRN
http://Friendsofthechildren.org
http://Swatch.com

Sports bettor Scott, aka VegasHorsePools Nov 18, 2022

Show notes

Our guest this week is a sports bettor names Scott, aka VegasHorsePools.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of sports bettor and analyst, Scott
[00:32] How did Scott get into gambling?
[06:01] Computer programming, odds screens
[07:29] Transitioning from office work into full time gambling
[09:05] Recreational, originator, and model sportsbooks
[11:50] Lessons learned from working at a sportsbook
[16:18] SpankOdds
[18:54] How did Scott meet Spanky? Munchkin?
[24:48] Networking stories and tips
[34:24] Contacting Scott
[35:16] Commercials
[39:09] Finding an edge in sports betting
[42:15] Playing the comp game
[44:28] Horse racing Python program
[48:05] Odds screens, Don Best, SpankOdds
[50:18] Bet Bash, Dink, Chinese Mike
[56:56] Recommended: Richard’s office, Spencer Cornelia, Jack Binion’s Steakhouse at Bally’s, Eat For Life by Joel Fuhrman
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Guest Links:
http://Twitter.com/VegasHorsePools
Links Referenced:
http://SpankOdds.com
http://90degreespodcast.com
http://Tim.blog
Recommended:
https://www.youtube.com/watch?v=1VdZAX4cx4o
http://Twitter.com/RWM21/status/1590035893834092545
http://Caesars.com/ballys-las-vegas/restaurants/binions-steak
Eat For Life by Joel Fuhrman - https://amzn.to/3X3EY5g

Jimmy Jazz 11/9/22 Nov 11, 2022

Show notes

Our guest this week is Jimmy Jazz. He is back to talk about credit card strategies and other low roller plays.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, http://facebook.com/gamblingwithanedge, or you can find me at @RWM21 on Twitter.
Show Notes
[00:00] Introduction of value seeker and credit card points expert, Jimmy Jazz
[00:47] Halloween in Las Vegas
[02:11] Rental car issues, tips, duplicate reservations, etc
[10:21] AutoSlash.com
[12:10] Four Queens and Binion’s merger
[17:59] Boarding pass deals at The D
[21:13] Playing at The D, Golden Gate, Circa to generate offers
[26:18] Point generation on advantage slots
[32:45] Commercials
[36:16] Caesars MasterCard
[39:07] Seven Stars status
[41:00] I-bonds
[43:31] Discover Bank savings account
[44:32] Predictit.org
[45:19] Food options in Las Vegas
[52:26] Gas prices
[54:56] Recommended: Makers and Finders, Supreme Courtship by Christopher Buckley, Panevino
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Sites Referenced:
http://AutoSlash.com
http://GasBuddy.com
http://Upside.com
Recommended:
http://Makerslv.com
Supreme Courtship by Christopher Buckley - https://amzn.to/3TshVyb
http://Panevinolasvegas.com

Anthony Curtis 11/1/22 Nov 01, 2022

Show notes

Our guest this week is Anthony Curtis. We talk about what's new in Las Vegas.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
00:00] Introduction
[00:48] Mattress Mack and the World Series
[05:32] Is the free furniture deal still available?
[08:36] Does Mattress Mack really want the Astros to win?
[10:12] Grand Prix is Las Vegas, celebrity racing odds
[18:41] Tilman Fertitta
[20:58] Station casinos, lost points, hoarding points
[25:33] Commercials
[29:41] Don Schlesinger's upcoming book
[35:24] Bob Dancer and Phileas Bruce strategy cards
[41:07] Las Vegas Advisor is going digital
[45:00] Recommended: $25 match plays at The D, $1M photo display at Binion's
Sponsored Links:
https://SouthPointCasino.com
https://BlackjackApprenticeship.com
https://VideoPoker.com/gwae
https://Unabated.com
Books Referenced:
Sportsbook Management by Roxy Roxborough - https://amzn.to/3NyRxkD
Blackjack Attack by Don Schlesinger - https://amzn.to/3zG8h3M
Connected Vegas Style by Richard Wilk - https://amzn.to/3WxSMF8
Recommended:
Match play promotions at The D
$1M display at Binion's

Mail bag 10/27/2022 Oct 27, 2022

Show notes

No guest this week as we answer questions from our mail bag.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction
[00:29] Video poker videos on YouTube
[04:24] Shockwave Poker
[07:15] Social gambling laws in Colorado, tax issues with partners
[14:12] Gambling books with good story telling
[17:41] Tipping on handpays
[22:06] Sign-up bonus strategy
[26:33] Scratch-off ticket system
[29:50] Maximizing comps as a couple
[33:02] Hit and run blackjack strategy
[35:00] http://SouthPointCasino.com
[36:27] http://BlackjackApprenticeship.com
[36:57] http://VideoPoker.com/gwae
[38:04] http://Unabated.com
[38:41] Video Poker for Winners versus WinPoker
[39:11] Sending a DM to Richard Munchkin on Twitter
[40:59] Richard's playing deviations and indices
[42:28] Why don't smaller casinos offer better video poker pay tables?
[45:29] DDB question about holding KQJ
[47:49] Jackpot frequency settings on slots and video poker
[49:12] Recommended: Quit by Annie Duke, Thinking in Bets by Annie Duke
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Books Referenced:
21st Century Card Counter by Colin Jones - https://amzn.to/3TJNUdV
The Biggest Bluff by Maria Konnikova - https://amzn.to/3TY3KC9
Molly's Game by Molly Boom - https://amzn.to/3sCNWbS
Lay the Favorite by Beth Raymer - https://amzn.to/3f9cTsm
Ship It Holla Ballas by Jonathan Grotenstein - https://amzn.to/3SIdJty
The Professor, the Banker, and the Suicide King by Michael Craig - https://amzn.to/3Dhnnh6
Gambling Wizards by Richard Munchkin - https://amzn.to/3fdg8Pq
Comp City by Max Rubin - https://amzn.to/3fcmWwF
Quit by Annie Duke - https://amzn.to/3DAh5L0
Thinking in Bets by Annie Duke - https://amzn.to/3DB8Ez8

Buddy Frank & G2E 2022 Oct 20, 2022

Show notes

Bob and I get a return visit from long time slot director Buddy Frank, and this was taped immediately after the Global Gaming Expo (G2E) show, the biggest casino industry trade show of the year. We spend a lot of time talking about the new things we saw.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter, or on Facebook at https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction slot director and consultant, Buddy Frank
[01:56] Machine games at G2E
[04:06] Biggest trends at G2E, cashless gaming and sports betting
[06:18] Skill-based slot machines
[07:37] Electronic versions of carnival games
[12:17] Stadium gaming, player interaction, and tipping
[15:57] Investment research, profitability
[18:02] Variable state slot machines
[20:13] Slot machine screen size
[22:47] Slot machine bet size options
[28:16] Progressive machines with different bet sizes
[30:58] Must-hit by machines
[36:05] http://SouthPointCasino.com
[37:06] http://BlackjackApprenticeship.com
[37:37] http://VideoPoker.com/gwae
[38:24] http://Unabated.com
[39:00] Video poker games at G2E
[40:24] Forfune X video poker
[48:35] Big City 4's video poker
[52:44] Full House or Better Wheel Poker
[53:45] Buddy's additional comments on G2E trends
[55:04] Gambler's podcast episode with Rufus Peabody, The Longevity Paradox by Steven Gundry, This Is How They Tell Me The World Will End by Nicole Perlroth
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Recommended:
http://Theringer.com/2022/9/21/23363621/gamblers-super-bowl-props-rufus-peabody-nfl
http://Theringer.com/2022/9/28/23375387/gamblers-super-bowl-episode-3-rufus-peabody
The Longevity Paradox by Steven Gundry - https://amzn.to/3TljxdC
This Is How They Tell Me The World Will End by Nicole Perlroth - https://amzn.to/3Tqa1WY

Veganmav Oct 13, 2022

Show notes

Our guest this week is named Veganmav. We talk about his starting with $2.50 during the internet poker boom, and building that bankroll to mid seven figures. And yes, he still eats out of dumpsters.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of poker and blackjack player, Veganmav
[00:31] Being homeless as a child
[01:56] Flipping Toyota Camrys
[07:41] Scalping tickets
[10:34] Playing poker
[16:40] Heads up limit hold'em
[20:09] Retiring from poker, applying to medical school
[24:16] Taking a leave of absence, living in Japan and China
[26:01] Learning and studying in Thailand, benefits of team meetings
[27:34] Why did Veganmav retire from gambling?
[30:33] http://SouthPointCasino.com
[31:25] http://BlackjackApprenticeship.com
[31:54] http://VideoPoker.com/gwae
[33:19] http://Unabated.com
[33:58] Transitioning into blackjack
[36:44] Dumpster diving, food waste, food safety
[46:58] Linguistic and cultural advantages in blackjack
[52:41] Will Veganmav eventually practice medicine?
[54:47] Dating as an advantage player
[58:20] Recommended: The Longevity Diet,
[1:02:08] How to contact VeganMav, TommyAngelo.com, Raspberry Pi
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Recommended:
The Longevity Diet by Valter Longo - https://amzn.to/3rTaIfb
http://TommyAngelo.com
http://Raspberrypi.com

Blackjack Ball 2022 Oct 06, 2022

Show notes

Our guests this week are Max Rubin, and Darryl Purpose. This episode is about the 2022 Blackjack Ball.
We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of Max Rubin and Darryl Purpose
[00:56] How was this year's Blackjack Ball different?
[02:32] The Blackjack Ball 501c3
[05:43] Organizing the Blackjack Ball and logistics
[07:35] Blair Hull receives the Ed Thorp Lifetime Achievement Award
[11:00] Test questions
[17:47] Cleveland Clinic Lou Ruvo Center for Brain Health
[19:46] Guessing states with tribal casinos
[25:28] http://SouthPointCasino.com
[26:19] http://BlackjackApprenticeship.com
[27:00] http://VideoPoker.com/gwae
[28:15] http://Unabated.com
[28:56] Skills test at the final table
[31:39] Estimating the number of cards in the discard rack
[34:46] Cutting a card to the dealer
[37:08] Hole card strategy
[40:08] Memorization of cards, counting down a deck
[45:46] Indoor and outdoor areas
[46:43] Jason England
[49:03] Darryl's plans for champagne
[53:58] Recommended: Mint Mobile, Walter Tevis science fiction books, "Eddie and Jules" by Darry Purpose, Breath by James Nestor, BlackjackReview.com
Sponsored Links:
http://SouthPointCasino.com
http://BlackjackApprenticeship.com
http://VideoPoker.com/gwae
http://Unabated.com
Recommended:
http://Mintmobile.com
"Eddie and Jules" by Darry Purpose https://soundcloud.com/lance-cowan-1/eddie-jules
Breath by James Nestor - https://amzn.to/3e6snNj
http://BlackjackReview.com

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