1. #1
    Senior Member
    Join Date
    Aug 2013
    Posts
    162
    Thanks
    7
    Thanked 31 Times in 26 Posts

    Default First time bettor wins $1.2M on Tiger win

    https://www.bloomberg.com/news/artic...-sports-bettor

    Congratulations to see a guy shoot the moon and hit it. That said....

    Supposedly this guy was in debt but put together a bankroll of $85K by "selling Amazon shares" and day-trading. And made the first bet of his life by flying to Vegas to put $85K down? I would tell people I have never bet also if I were dumb enough to have my winnings posted in a newspaper that the IRS might read. As far as being a "day trader", there are some, but most of the people who call themselves that are not. Anybody who is paying credit card bills while holding equities probably doesnt have a "finance background" but does have some capital they are losing slowly and doesnt want to call himself unemployed or "TV sports fan." I hope William Hill is paying him for this publicity tour.

  2. #2
    Senior Member
    Join Date
    Mar 2013
    Posts
    297
    Thanks
    76
    Thanked 45 Times in 38 Posts

    Default

    Quote Originally Posted by paddyboy111 View Post
    https://www.bloomberg.com/news/artic...-sports-bettor

    Congratulations to see a guy shoot the moon and hit it. That said....

    Supposedly this guy was in debt but put together a bankroll of $85K by "selling Amazon shares" and day-trading. And made the first bet of his life by flying to Vegas to put $85K down? I would tell people I have never bet also if I were dumb enough to have my winnings posted in a newspaper that the IRS might read. As far as being a "day trader", there are some, but most of the people who call themselves that are not. Anybody who is paying credit card bills while holding equities probably doesnt have a "finance background" but does have some capital they are losing slowly and doesnt want to call himself unemployed or "TV sports fan." I hope William Hill is paying him for this publicity tour.
    I agree. This story doesn't pass the smell test. There has to be more to this story...

  3. #3
    Senior Member
    Join Date
    Aug 2013
    Posts
    162
    Thanks
    7
    Thanked 31 Times in 26 Posts

    Default

    Quote Originally Posted by lakemonster View Post
    I agree. This story doesn't pass the smell test. There has to be more to this story...
    USA Today now reporting the guy has a long rap sheet, mostly for domestic violence. Here's my version of what probably happened:

    1. Local wiseguy needs to lay off some Tiger action
    2. Sends local jerkoff on free trip to Vegas, figuring how could he screw this up.
    3. Instead of discreetly spreading the bets around, he told everyone he had $100K to spend and he got $15K down at a couple books.
    4. Got the other $85K down at William Hill
    5. When he collected they told him they'd give him $20K cash if he talked to the media.
    6. He tells the media he's never bet before, the IRS takes note.
    7. The wise guy's strategy of giving the jerkoff $1M in losing betting stubs and lottery tickets is now out the window, so he's $200K in the hole.
    8. Wise guy not happy with the jerkoff.

  4. #4
    Senior Member
    Join Date
    Feb 2013
    Location
    Phoenix AZ
    Posts
    491
    Thanks
    105
    Thanked 63 Times in 51 Posts