SteveO
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Everything posted by SteveO
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Proof on 2 Hi Net bet manual
SteveO replied to Keith Smith's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
On the Contents page, fourth line reads "Betting Negative a Progression on Opposites" should probably read "Betting a Negative Progression on Opposites" -
Gambling sucks
SteveO replied to dweezel7's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Oh my. If only it was really this easy! Selling drugs or prostitution comes to mind. -
You can only deduct expenses if you declare your job is a professional gambler and then you have to use a Schedule C to declare winnings, losses and expenses. If you're a hobbiest then you can only declare losses up to the amount of your winnings (i.e. NO LOSSES) and then you better have some really serious documentation.
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No that is not right. You must LEGALLY pay taxes on ANY income regardless of the source. If you're not a moral and honest person, well the decision to declare your winnings is up to you but any income from any source is required by law to be declared. Are you maybe asking "Does the casino collect taxes on winnings" and they most of the time do not.
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In the US, all income is taxable no matter how it is obtained and no matter what the amount. I think that is how the feds finally got Al Capone, tax evasion. Even if you win $2.40 on a $2.00 horse bet, you are required by law to declare the $0.40. If you declare yourself a "Professional Gambler" you prepare a Schedule C tax form showing your income and expenses. And you better have sufficient documentation to back up EVERYTHING. If you just hit a big win at the tables one night, I think you declare the money as misc. income on Schedule A. DISCLAIMER: I am not a tax professional nor an accountant. I've just dreamed enough that I really looked into it. Edited to Add: Yes, it would be very nice to see his method.
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MDB 2Hi Net Bet - Ellis
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Just to be sure, I went back and READ every message in this thread. This particular method has not been released yet. -
MDB 2Hi Net Bet - Ellis
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Same as my experience at SportBet (same feed as BlackOrchid). If you really want you can bet both sides at the same time and then you only end up paying commission if Banker wins. -
Online Playing Question for Ellis
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Ham, I think the general feeling is that going for a bonus deposit ties up your money for such an extended period of time, it's not worth it. Bonus's used to be much better back in the early day of online poker but not today. -
Beating 5Dimes Live Dealer Shoes
SteveO replied to bigcash2002's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
http://www.sportbet.com/ is where I play and yes, it is the same "feed" as Black Orchid. -
One2Six continuous shuffler
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Maybe send a PM to Keith? -
Beating 5Dimes Live Dealer Shoes
SteveO replied to bigcash2002's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Actual SB Shoes Formated for BTC.pdf Here are some Sportsbet.com shoes with a mechanical up 1 down 1 net betting scheme plus all the counts. -
Beating 5Dimes Live Dealer Shoes
SteveO replied to bigcash2002's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
I play at SportsBet.com and I believe it is the 4-Dimes Casino. They use 6 deck shoes, have two shoes (red and black/blue), the cards are not pre-shuffled, they do a typical "wash" with new cards but I've only seen new cards brought in one time. While the dealer is dealing shoe A, another dealer will come by and shuffle shoe B. Shuffle breaks the deck into stacks and then shuffles different stacks together. My general feeling right now is that MDB+ does not work well in these shoes. I'll post a few examples later. -
One2Six continuous shuffler
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Then I guess you're SOL. -
One2Six continuous shuffler
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Subscription site to all things BTC http://www.e-junkie.com/beatthecasino/ -
Mama Told Me ( Not to Come)
SteveO replied to kachatz1's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
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Mama Told Me ( Not to Come)
SteveO replied to kachatz1's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Saw them live about 1974 or 1975. I think they opened with "Eli's Coming". Still grooving to their music today. -
Thoughts on AOW?
SteveO replied to ztomsk's topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Wasn't this from (what I thought) was Ellis's first published system. I think there was System 0, System 1, System 2 and maybe even System 3(?). From back in the early '90's? -
MDB+ The Ed Gil Example
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
I would like to see more discussion of the 36 Skip Bet methodology. I've used this about a half dozen times and won with it 4 times. I like this and would really like to see more discussion. -
Las Vegas Crawl Schedule
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Well how did we do? Inquiring minds want to know! -
Thanks gman, couple of questions please. Shouldn't bet 12 have been 1 unit? Bet 35 was a one unit bet that the run of 4 would become a run of 5 because hands 5 - 9 were a run of 5? Same for bet 44, betting that run of 4 could go to 5? SteveO
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Introduction to Million dollar Bac @ +5
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Ditto! (Thanks). The above posts have been very, very helpful. -
Introduction to Million dollar Bac @ +5
SteveO replied to a topic in BeatTheCasino.com Q and A Baccarat and Blackjack
Mike I'm not trying to argue here but like Bobby, I was under the impression that the MDB +5 methodology was supposed to work at any table, no selection necessary. I don't have many choices where I live, 2 hours one-way to a casino with a couple of tables and then online. Actually choosing a table is not an option. Waiting for mid-shoe is an option but as I stated above, I and still not strong on picking the best system to play even after waiting half a shoe.