Want to take $70,000 to BJ table

[Andrewtheanswerhog]

So first off I know this is basically a card counting forum which I'm all for and and I'm learning more and more day by day but I'm a complete newbie to casinos but... (I am anything but a newbie to risks and gambling in other respects) but casinos im very much a virgin, i recently came into some cold hard cash $70k and basically i need $30,000 more to get my butt out of trouble, won't go into personal details but need the money BAD and im ready to take a risk! Anyways i have 3 questions

#1 Is it better to carry the cash in stacks of $10k up to the table to have the dealer count in exchange for chips or is it better to go to the box??, id like to show the least amount of cash possible for tax reasons, I know any transaction over $10,000 is going to be reported but I think a $40,000 transaction is going to ring less of a bell than $100,000 plus draws less of a crowd.

#2 Im the event that i win my goal but only after having to empty my pants and socks to have $100k in chips can i cash out that entire amount when i leave?? Like in $100k in $100 bills cash?

#3 As for the taxes that i will have to pay on my winnings if i have any, what happens in the event that I get to $90,000 after starting with $70,000 only to give back $40,000, and thus leaving with $50,000 before I call it quits what kind of win-loss would I have to report on my taxes.

And wouldn't that be a loophole in the gaming Tax system if people just lie to the IRS about how the $50,000 they made that night can't be taxed because they gave it all or most of it back within the next hour especially since casinos don't really report table games to the IRS??

Anyways I'm sorry if these questions sound weird or crazy but I thank anyone who reads and responds to this! Thank you!

 

[Andrewtheanswerhog]

Do you have a job? There’s less risk and more certainty if you just work for that extra 30k.

Well sort of I inherited a boat dealership small boats and the only thing I would need the money by June 24th of this year and that's what I thought for taxes fairly simple enough. Was thinking about the Super Bowl but glad I didn't because I am a Patriots fan haha

 

[Andrewtheanswerhog]

If you really NEED the money I wouldn’t go to the casino. I’d sell the dealership. I wouldn’t want the responsibility of owning a dealership.

It could but right before I inherited it my dad in a few months prior wrote out a lease so there's a guy in there now paying me rent, which barely covers the overhead and I know I'd have to go to court to terminate his lease . Also technically I don't have a job and am unemployed with zero income so would it look fishy paying my taxes with no income but tens of thousands of dollars of Casino winnings?

 

[JJP]

You still haven't said what you are going to do. Are you going to try to learn to count cards? Better learn basic strategy backwards and forwards, first.

BTW, you can be a Patriots fan and bet against them. All the big $$ was on Philly.

 

[Ryemo]

So first off I know this is basically a card counting forum which I'm all for and and I'm learning more and more day by day but I'm a complete newbie to casinos but... (I am anything but a newbie to risks and gambling in other respects) but casinos im very much a virgin, i recently came into some cold hard cash $70k and basically i need $30,000 more to get my butt out of trouble, won't go into personal details but need the money BAD and im ready to take a risk! Anyways i have 3 questions

#1 Is it better to carry the cash in stacks of $10k up to the table to have the dealer count in exchange for chips or is it better to go to the box??, id like to show the least amount of cash possible for tax reasons, I know any transaction over $10,000 is going to be reported but I think a $40,000 transaction is going to ring less of a bell than $100,000 plus draws less of a crowd.

#2 Im the event that i win my goal but only after having to empty my pants and socks to have $100k in chips can i cash out that entire amount when i leave?? Like in $100k in $100 bills cash?

#3 As for the taxes that i will have to pay on my winnings if i have any, what happens in the event that I get to $90,000 after starting with $70,000 only to give back $40,000, and thus leaving with $50,000 before I call it quits what kind of win-loss would I have to report on my taxes.

And wouldn't that be a loophole in the gaming Tax system if people just lie to the IRS about how the $50,000 they made that night can't be taxed because they gave it all or most of it back within the next hour especially since casinos don't really report table games to the IRS??

Anyways I'm sorry if these questions sound weird or crazy but I thank anyone who reads and responds to this! Thank you!

Dude, what the hell are you doing? Are you planning on playing high stakes blackjack in hopes of earning 30K?! Does nobody else think this sounds nuts??

 

[JJP]

Kind of reminds me of the movie "Fargo", when Jerry Lundergaard (William Macy) is trying to explain his scheme to shake down his father in law for money. When pressed by the Steve Buscemi character, he was like "well, its really neither here nor there why I need the money."

 

[Andrewtheanswerhog]

You still haven't said what you are going to do. Are you going to try to learn to count cards? Better learn basic strategy backwards and forwards, first.

Just basic strategy for now, but i could learn to count cards, i have the memory for it

 

[ZenKinG]

These forums are full of degenerates. Makes me sick. OP, please just stay out of the casino, your whole post is one big red flag.

 

[Andrewtheanswerhog]

Hey! you would be surprised by which famous companies that you use in your life that at one point were saved or gotten off the ground by one man's desperate fly by the seat of his pants decision to go to a casino blackjack table. And although im 23 I've been exposed to gambles like this for much of my life.

 

[Andrewtheanswerhog]

[QUOTE=", your whole post is one big red flag.[/QUOTE]

To be honest i'm not that "immoral" or "corrupt" and how is it a red flag? I'm just trying to use what I have to get where I need to be. People have done crazier risks than this. I dont mean to offend anyone.

 

[ZenKinG]

How about you go put 60k in a high growth sector index fund and go find a job while your money grows as you work and sleep?

Hate to sound like I want you to fail, but I love nothing more than seeing people lose their shirt in a casino trying to get rich quick or make 'quick' money when they shouldn't be there in the first place.

You dont know anything about the odds, but just are too lazy to make 30k the hard way and so you want a 'quick' 30k. Go get a job and park your funds in an index fund.

 

[JohnCrover]

How about you go put 60k in a high growth sector index fund and go find a job while your money grows as you work and sleep?

Hate to sound like I want you to fail, but I love nothing more than seeing people lose their shirt in a casino trying to get rich quick or make 'quick' money when they shouldn't be there in the first place.

You dont know anything about the odds, but just are too lazy to make 30k the hard way and so you want a 'quick' 30k. Go get a job and park your funds in an index fund.

He needs 30k quick though. Ideally, it's a good idea to just put his money in an index fund and just work. At his age he should be set for retirement, even if he works a low paying job. I would buy some Coca-Cola stock for sure though, Coca-Cola, some gold, silver, apple, a small amount of Bitcoin, and maybe just put the rest in an index fund or find some companies you believe in.
Yeah though man, you really don't want to gamble with your life, but you said you needed 100k so i'm assuming you're in debt. If that's the case then you will want to talk to your bank and see if you can restructure your loan. Ideally, if you have any nice cars you own I would sell them and down size to something more economical. You really don't want to stay in debt.

 

[Ryemo]

How about you go put 60k in a high growth sector index fund and go find a job while your money grows as you work and sleep?

Hate to sound like I want you to fail, but I love nothing more than seeing people lose their shirt in a casino trying to get rich quick or make 'quick' money when they shouldn't be there in the first place.

You dont know anything about the odds, but just are too lazy to make 30k the hard way and so you want a 'quick' 30k. Go get a job and park your funds in an index fund.

This is one of the very posts made by ZenKing that I can agree with.

Andrewtheanswerhog,

Trying to take your new found wealth to the casino to gamble for the chance of making a quick 30K sounds completely asinine! You’re looking for answers to your idiotic plan on a site that is primarily for advantage players. Take your 70K and please do something more productive with it than taking it to the blackjack tables! You aren’t an AP, so it’s not like you’d be playing a winning game. You’re better off letting the money sit under your mattress and collect zero interest vs taking it to the casino! Use your head, man!

 

[Rebecca C]

This is so ridiculous on so many levels. Swindling the government is not a good idea either. The prisons are full of guilty people, I think more than just a handful of tax cheaters.

 

[Andrewtheanswerhog]

Thank you all for your inputs.

 

[Good Guy]

Without passing judgements, from math point of view, if you are going to gamble (without a player's edge) to get the 30K, your best bet is to make one bet. So, you go to HL and ask to make a bet for 30K. Let us say on banker bet on baccarat. You have 45% chance of getting that 30K. Alternatively, you can bet on craps where they have 100x odds. So, 300 bet and 30,000 on odds.

 

[Andrewtheanswerhog]

So, you go to HL and ask to make a bet for 30K. Let us say on banker bet on baccarat. You have 45% chance of getting that 30K.

Well wow I didn't know that it kind of changes everything, so I can go to the guy in charge and ask to bet more money? What is HL? Could I bet the entire $70,000? Not that I want to... I do play pretty perfect basic strategy, not difficult but I know in a situation like mine the best chance I have at making it is going in and out of there VERY QUICKLY

 

[xengrifter]

Dude, what the hell are you doing? Are you planning on playing high stakes blackjack in hopes of earning 30K?! Does nobody else think this sounds nuts??

Not nuts... he has an even or better chance of making 30k BEFORE losing 70k playing 200$ units with basic strategy (I think?)

But first, watch The Gambler with Mark Wahlberg ->

 

[Andrewtheanswerhog]

I just think there's no way you can go to a casino and bet more than the maximum allowed bet which is usually $10,000 and instead bet like $50,000 to $100,000 for a 1 to 1 odds bet. Or can you?

 

[ZenKinG]

Listen andrew, it's clear you're not gonna take any of our advice because anyone crazy enough to try and make 30k 'quickly' at a casino or 'needing' to make 30k quickly already sends red flags through the roof about their life. Im also sure you're in debt and playing with fire here or maybe youre a criminal of some sorts because you seem to have just fallen upon 70k and still needing to get another 30k? Whatever the case may be, here's a solution for you.

You want the best shot at making 30k 'quickly'? Go martingale roulette in the hi limit room. Martingale works quite well in the short run, but to make 30k you're going to need some very high table limits. Im guessing at least 50k. You might have to arrange a VIP room or something.

Go martingale it all day and hope for the best. Just keep doubling your bet after you lose a bet and as soon as you win one retreat back to your base bet. You're gonna need a sizeable 'base' bet as well to make 30k 'quickly'