SIAP: Iowa -28 1/2

[J_Heater]

Have been in Vegas for a few weeks working and saw Iowa - 28 1/2 against Miami (ohio)

I'm up a whopping $20 gambling wise and I'm going to the Four Queens in a few hours to put that on Iowa to win it all. This weekend at New York New York I noticed Iowa 50/1 and thought damn, $20 for a chance at $1,000 seems worth it to me even though I know odds not in Iowa's favor. Decided not to do it as Im not much of a gambler hence while Im only up $20. Then buddy at Four Queens says it's 75/1 to there. So I figure I am betting house money so why not.

Oh by the way 8 to 1 to win the BT.

Cheers.

 

[nu2u]

If you want good odds get yourself a cheap hooker. STD odds are 2:1 downtown.

 

[CO_hawk]

Couldn't see a reason not to put it on Iowa for the Big10 Championship.

My personal opinion is that they have just as good of shot as the Big10 East three, with an easier path to the title.

 

[Jonesingforhawkeyes]

If you want good odds get yourself a cheap hooker. STD odds are 2:1 downtown.

$20 should cover that bet.

 

[Obviously Oblivious]

Couldn't see a reason not to put it on Iowa for the Big10 Championship.

My personal opinion is that they have just as good of shot as the Big10 East three, with an easier path to the title.

I agree. Maybe split your $20 and put $10 each on B10 championship and the NC.

 

[Herkmeister]

It's not tax free money. I quit betting. SCREW THE IRS!!!!!!!!!!

 

[thirdandpunting]

I reckon they've got a lot of fishin' holes in Vegas

 

[J_Heater]

Just for the sake of future reference here were the bets I made in Vegas.

$20 Iowa to win it all 75/1
$100 Iowa over 8 1/2 wins during regular season
$ 40 Iowa to win B1G 8/1.

I'm not much of a gambler and you are looking at all of my bets for the year. Thought I would post it now as I always laugh when people come back after a game is over and talk about what an easy bet that was and how much they made. Everybody is a winner after the fact.

 

[markfromj]

It's not tax free money.

Do you think it should be?

 

[J_Heater]

Do you think it should be?

Are losses taxed at the same rate as winnings? That answers the question for me. If you can write off loses for the same rate as you pay on winnings than I say tax away. But if you pay more on winnings then it seems very unfair.

 

[Herkmeister]

Do you think it should be?

Well I couldn't care less really. But it's one reason I never gamble anymore. I just didn't want to do the accounting of gains and losses so I quit. I'm not even sure if that's how it works. I'm past that stage of life and casinos just don't do anything for me. In fact, I've grown to truly dislike them.

 

[markfromj]

Are losses taxed at the same rate as winnings? That answers the question for me. If you can write off loses for the same rate as you pay on winnings than I say tax away. But if you pay more on winnings then it seems very unfair.

Well, losses aren't taxed at all. They are losses.

But you can offset your taxable gains by your losses. So, win $1000, lose $1000, then no tax on the winnings.

 

[Pepperman]

Just for the sake of future reference here were the bets I made in Vegas.

$100 Iowa over 8 1/2 wins during regular season

For this specific one, what does it pay? I have that same option on my online book and I think the juice is -150 or so. I will look again tonight, but it also intrigued me... I think 2-1 is the worst case outcome for non-conference, but would probably be willing to bet on 3-0 happening. In conference, I guess there are some threats - Michigan, Wisconsin, Nebraska, at PSU, at MIN. I don't see Iowa losing 4 of those, but then will Iowa slip up against somebody else?

 

[IowaNiceHawk]

It's not tax free money. I quit betting. SCREW THE IRS!!!!!!!!!!

If we're up by 20 at half, I'll be able leave Kinnick & to drive to the Big
Party in Des Moines that I'm invited to that weekend!

GO HAWKS

 

[David1979]

any line on the Iowa v. Iowa State game yet?

 

[Pepperman]

any line on the Iowa v. Iowa State game yet?

Not one at my book. Other Iowa lines of interest:

Iowa -3.5 vs Wisconsin
Michigan -3.5 at Iowa
Iowa -3 vs Nebraska

And the o/u of 8.5 is -130 over, even money under
If you want CCG and bowls included, 8.5 over is -210, under +160

 

[Hawk and Awe]

The big ten title odds seem really low to me. It would make more sense to just bet money line on every regular season game I would think.

 

[Pepperman]

The big ten title odds seem really low to me. It would make more sense to just bet money line on every regular season game I would think.

I am not sure I follow. Are you suggesting a bettor simply place $100 on each moneyline in the B1G season? So bet a total of $900? I'm not sure how that could possibly translate into getting $7200 in winnings though? So then if you start to stack the winnings and do a moneyline "let it ride" type of thing, what if they lose to Michigan in the regular season and that is the only loss of the year? They'd still win the B1G and you'd be out a ton of cash. Maybe I'm not understanding the strategy?