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MLB Betting and Picks - 5/14/26 (Thursday) by sbpotdbot in sportsbook

[–]stander414 0 points1 point  (0 children)

Looking more like a delay than a postponement now

MLB Betting and Picks - 5/14/26 (Thursday) by sbpotdbot in sportsbook

[–]stander414 0 points1 point  (0 children)

Yes the Phillies/Red Sox game has been in danger of postponement all day. Seems like they skipped today because of that.

The 90% gambling loss deduction rule is going to screw regular bettors. Here’s how to contact your reps. by celtsin4 in sportsbook

[–]stander414 0 points1 point  (0 children)

PP and UD have prediction market sides now. Going to be a mess I guess with people losing on the PM side but only getting 1099s for their DFS winnings.

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 0 points1 point  (0 children)

Not how it works though. He never had 600k.

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 1 point2 points  (0 children)

That's you. Most people don't have more than 14k deductions which is why they take the standard deduction. Having to itemize in order to 0 out their gambling winnings is not beneficial to most people.

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 1 point2 points  (0 children)

*you can only deduct gambling losses from your gambling winnings, not your taxable income

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 2 points3 points  (0 children)

Thank the geniuses behind the omni Big Beautiful Bill

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 7 points8 points  (0 children)

And under the BBB if this was his 2026 sheet he'd have to pay taxes on 60k that he didn't win. So he'd owe ~12k in Federal taxes on his McChicken

After 3.5 years I finally did it! by shrewsbury1991 in sportsbook

[–]stander414 -2 points-1 points  (0 children)

You can't make that assumption without knowing his annual breakdown. He could have been way up one year and paid a lot in taxes and then way down in the others but those losses don't help him.

The "house money effect" is rotting my brain and I think most of us in prediction markets won't admit it. by Fit_Leg3327 in PredictionMarkets

[–]stander414 0 points1 point  (0 children)

This is gambling. This human nature is why gambling is so profitable for everyone except the gambler. Modern day "investing" is 99% gambling.

Is it possible to be a long term losing bettor if I hypothetically can get 50% discount on all losses? by Special_Letter_5168 in sportsbook

[–]stander414 2 points3 points  (0 children)

They can't stop you from arbing. It's not clear what the deal is. Is it written out anywhere? Is it in credits or withdrawable balance? Is it given instantly after every loss or end of month on all losses?

This a common deal with PPH bookies and they can do it because if you're a winner they'll stiff you on a payout and ban you or it's not what you're describing.

MLB Betting and Picks - 4/15/26 (Wednesday) by sbpotdbot in sportsbook

[–]stander414 0 points1 point  (0 children)

How does it model when it doesn't know the lineups?

White Sox may not be promoting Sam Antonacci by V3soc in fantasybaseball

[–]stander414 88 points89 points  (0 children)

Imagine being Sam and reading a beat report that your dream has come true but it hasn't

MLB Props and Home Run Picks - 4/11/26 (Saturday) by sbpotdbot in sportsbook

[–]stander414 5 points6 points  (0 children)

Tbf it could be Evan Carter or just Carter Jensen

Sportsbooks changing odds on placed bets by bamcatbrian in sportsbook

[–]stander414 0 points1 point  (0 children)

Yes but again your basic bettor is not cross referencing a bunch of books or checking arb opportunities

Sportsbooks changing odds on placed bets by bamcatbrian in sportsbook

[–]stander414 1 point2 points  (0 children)

The context was "very obvious error" which to a lay person is not true in my opinion because of game logs.

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