Our guest this week is Anthony Curtis. We discuss the upcoming football contests, the big Vegas downturn, and upcoming books.Show Notes[00:00] Introduction of Anthony Curtis, owner of The Las Vegas Advisor and Huntington Press[01:12] NCAAF and NFL football contests[04:04] Grandissimo[06:03] Did tax law changes affect participations in football contests?[08:15] Contest pricing and strategies for additional entries[10:51] The value of football knowledge versus contest theory[13:27] Huntington Press’ upcoming books on sports betting, slots, roulette, blackjack, baccarat, and another book by James Grosjean[19:57] Las Vegas tourism, waived resort fees, and other deals.[27:33] Struggles Foubtainebleau, Resorts World, and The Downtown Grand
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29:47
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29:47
Life is a Gamble - Magician Mac King
Mac King has been performing his comedy magic in Las Vegas for 25 years. His show is hilarious, and thoroughly entertaining.[00:00] Introduction of magician Mac King[00:50] What’s the first magic trick that Mac remembers?[04:39] When did Mac start doing magic?[06:06] Mac’s paid performance[08:19] Mac’s career plans after high school[12:36] Working with Lance Burton[14:47] “It’s Magic” in Los Angeles[16:38] Life after college, comedy clubs[18:51] Intersection of gambling, magic, and card cheating[21:06] Mac King’s Excalibur show[22:58] Performing with a bloody thumb[34:06] Houdini's naked rope escape[37:47] Future plans and why Mac still loves performing[39:58] Life outside of magic
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41:56
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41:56
Russell Fox on taxes for gamblers
Our guest this week is tax expert Russell Fox. We talk about the terrible new taxes on gamblers in the big beautiful bill. What's a gambler to do? Is Richard going to retire.... again?[00:00] Introduction of gambling tax expert Russell Fox [00:48] How does the tax bill affect gamblers?[02:25] Session method logging[03:56] Sports betting logs and session definition[09:14] Advantage slot play and session definition[13:08] Will this law be overturned?[17:08] 1099 changes, W2G backup withholding[20:16] CTRs[20:51] 90% maximum deduction of losses and business expenses[23:06] Long term impact on high limit rooms, DraftKings, FanDuel, and offshore books[28:02] U.S. citizens, permanent residents, non-resident aliens, withholding[30:46] Worldwide income, renouncing U.S. citizenship, and exit tax[34:17] Favorable comfortable structures, tax advantages of C-corp[34:55] IRS job cuts and audit probability[38:29] Recreational gamblers and W2Gs[40:33] Will this tax law increase tax fraud?[41:18] Contacting Russell FoxLinks:Claytontax.comTaxabletalk.com
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43:05
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43:05
Guest Michael Kaplan
Bob and Richard are back to talk with Michael Kaplan about his new book, "Advantage Players."Show Notes[00:00] Introduction of Michael Kaplan, author of Advantage Players[00:43] Michael’s background in gambling and writing[04:18] Finding people to write about[06:46] Definition of “advantage player”[07:21] David Philips, the pudding guy[09:57] Cheating, breaking the law, and advantage play[12:23] Identifying interesting APs and stories[14:02] Bill Benter and Alan Woods[20:59] Phil Ivey and the benefits of humble beginnings[25:09] Getting backed off, betting big, staying disciplined [28:57] Don Johnson’s Atlantic City play[33:45] Playing with James Grosjean[36:20] Interviewing AP royaly[36:09] Advantage play in adult films[40:40] AP skills, qualities, mindset[43:20] Eddie Teams[46:40] How to order Michael’s book, Advantage Players Links:https://www.advantageplayersbook.com/Get book - https://amzn.to/4dTqk9r
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48:49
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48:49
Nigel Eccles Fan Duel co-founder
My guest on this episode is Nigel Eccles, co-founder of Fan Duel.[00:00] Introduction of Nigel Eccles, co-founder of FanDuel[00:48] Nigel’s background and first company [02:04] Nigel’s educational background and interest in gambling, selling variance[06:59] Joining Flutter and prediction markets, exchange models[10:04] Founding FanDuel, fantasy sports, sports betting[14:31] Sports betting in Nevada, over-regulation and limited innovation[18:47] Leaving FanDuel[20:08] Vertical businesses, pandemic spike and whipsaw[20:59] Bettor are getting dumber, banning winners, and the popularity of parlays[24:20] Sharps, betting patterns, cat and mouse games, and taking sharp action[27:24] BetHog online crypto casino, innovation, and payment processing fees[31:42] Managing crypto volatility[33:17] The future of online gaming and crypto [36:10] Final thoughtsX.com/nigelecclesBethog.comBetdex.comFanDuel.com
Learn to Gamble With an Edge from authors, and professional gamblers Bob Dancer and Richard Munchkin. We aim to make you a better gambler tomorrow than you were yesterday.
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