Placing A Large Bet in Vegas - Question
 

Let's say (hypothetically) that I want to bet $100,000 on one game, and that $100,000 is currently sitting in my checking account. I don't live in Vegas, but would place the bet there, and would be able to be there for a few days before / after the game.

What is the best way to go about getting this bet down? I'm assuming that my first step would have to be to wire the money to a casino in Vegas.

From there, what do I do? My main questions:

1. Is there any advantage to spreading the bet between different books (i.e. 4 $25,000 bets)? Not withstanding line differences.

2. If I wire the money to Bellagio, and stroll up to the window, can I put it all down and tell them the money is in the cage?

3. How often will they decline to accept my bet?

4. How much additional paperwork, identification will be required?

5. If I decide to spread it between several casinos, what is the best way to go about moving the money?

6. If I win, what paperwork do I need to sign, if any?

I may have more questions, but that will get me started.

Re: Placing A Large Bet in Vegas - Question
 

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3. How often will they decline to accept my bet?

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For anything other than the Super Bowl, almost 100%. If you are a known player, then you might be able to get away with it a little more often, but that's obviously not the case here.

Re: Placing A Large Bet in Vegas - Question
 

The larger books have max bets in the 10K-25K range. That was in 2000, when I lived there, and it's probably not half that nowadays.

Again, that was the larger books. The smaller books were 5K or less.

AND THAT WAS THE NFL. If you're talking about a different sport, divide all those numbers by about 4.

Most sportsbook supervisors are instructed to throw out anyone who wants to bet real money, and push the parlay cards.

If I had 100K to get down on a game, I'd open a Neteller account, and go offshore.

Re: Placing A Large Bet in Vegas - Question
 

Thanks for the responses...I had no idea that it was so restrictive.

I do have a Neteller account, and a small online account with SportingbetUSA. Would you really trust that route for action of that size?

I'm completely comfortable with online poker and online banking, so I guess this isn't THAT big of a step, but seems a little shaky.

Re: Placing A Large Bet in Vegas - Question
 

i would feel comfortable with a large amount of money in a sportsbook like bodog, or the one thats attached to paradise poker. im sure they are worth a [censored] ton more than 100k

Re: Placing A Large Bet in Vegas - Question
 

Just out of curiousity, how much did the point guard/QB cost?
[img]/images/graemlins/blush.gif[/img]

Re: Placing A Large Bet in Vegas - Question
 

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Just out of curiousity, how much did the point guard/QB cost?
[img]/images/graemlins/blush.gif[/img]

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You beat me to it.

Re: Placing A Large Bet in Vegas - Question
 

If you put the 100K one shot on 1 bet and win they will tax you when you win the money. Your best bet is to spread the money all over town to different casinos. It also depends which game you are betting on too...if you are betting on a small game like UCIrivne vs Northridge they might red flag you.

Re: Placing A Large Bet in Vegas - Question
 

Are you Tommy Maddox?

Re: Placing A Large Bet in Vegas - Question
 

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If you put the 100K one shot on 1 bet and win they will tax you when you win the money.

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Wrong.

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...if you are betting on a small game like UCIrivne vs Northridge they might red flag you.

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That's funny.

Re: Placing A Large Bet in Vegas - Question
 

[ QUOTE ]
Just out of curiousity, how much did the point guard/QB cost?
[img]/images/graemlins/blush.gif[/img]

[/ QUOTE ]

Good Question. I should have known that was coming, and now I realize why they make it so difficult to make a huge bet.

To be honest, I really don't have a specific game picked out yet, nor do I think I will probably end up betting on a game after these responses, nor do I know if I have the balls to do this. But after busting my ass in Real Estate for a long time, I am at a point in my life where I can take a little risk. I am by no means a rich guy, and $100K is a LOT of money to me.

But........I am considering taking a "big shot" or two, and am exploring my options:

1. Stock Market
2. Bond Market
3. Casino
4. Lots of other options, none of which are sane

I know the smart thing to do with the money. But I'm at the point where if I lose it, it really won't change my day-to-day life. It will hurt bad, but I will be fine. However, if I am willing to take some serious risk, I may be able to change my life substantially.

So I'm considering options. I may leave it in a mutal fund and be a wuss. But it's fun to think.

It just needs to be legal. By changing my life, I do not intend to change into being someone's bitch in the Federal Pen. That isn't the kind of change I'm looking for.

Re: Placing A Large Bet in Vegas - Question
 

I would invest in the stock market. go to the local bookstore and get yourself a copy of how to make money on stocks. I use the canslim system and have done faily well for myself.

Re: Placing A Large Bet in Vegas - Question
 

Practice your cardcounting, and call a host.

You'll probably still lose most or all of it, but at least you'll get a few comp suites and meals out of the deal.

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But I'm at the point where if I lose it, it really won't change my day-to-day life.

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Well, +/- one-tenth of that would make a big difference in my life, so if you find yourself past your "threshold of misery", and you start thinking, "WTF, I might as well piss off the rest of it," STOP! Contact me, and I'll see it goes to good use. [img]/images/graemlins/wink.gif[/img]

Re: Placing A Large Bet in Vegas - Question
 

But seriously, it sounds like you have psychological issues with having all that money, and you'd be more comfortable if you blew it. That's the thing that drives compulsive gamblers, the type that literally won't rest until all their money is gone.

Before you take a six-figure flyer, look at some GA stuff, and see if it applies to you. Not the ridiculous 20-question quiz, with questions like:

# Did you ever lose time from work or school due to gambling?
# Has gambling ever made your home life unhappy?
# Did gambling affect your reputation?
# Have you ever felt remorse after gambling?

Those tests are a joke. You could replace "gambling" with words like "marriage", and start to feel that marriage was the cause of many problems.

But I know I derived a lot of help from GA, and it was all psychological. I grew up in a blue-collar house, where all the adults would constantly moan, "You can't win in this world, there's no use trying to succeed, 'they' will screw you every time...", as an excuse for their lower positions in life. So whenever I got my hands on any money, I couldn't (subconsciously) stand to have it, and would not feel at peace until I blew every cent of it.

I'm not saying that's you; but your story about wanting to put a large chunk of your worth at risk, needlessly, reminded me of me, before I understood what the hell was going on in my head. So think about it.