154 episodes

Professional gamblers Bob Dancer and Richard Munchkin host Gambling With an Edge which aims to make you a better gambler tomorrow than you were yesterday.

Gambling With an Edge Bob Dancer & Richard Munchkin

    • Leisure
    • 4.7 • 309 Ratings

Professional gamblers Bob Dancer and Richard Munchkin host Gambling With an Edge which aims to make you a better gambler tomorrow than you were yesterday.

    Gambling With an Edge - guest Russell Fox 12/01/2022

    Gambling With an Edge - guest Russell Fox 12/01/2022

    Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.



    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.


    Show Notes

    [00:00] Introduction of gambling tax professional, Russel Fox

    [00:42] Form 1099-K

    [03:59] Gambling winnings as a U.K. resident

    [08:39] Sports betting partnerships

    [09:42] Can gambling losses be carried over to future years?

    [10:46] Session recording for sports betting, related transactions

    [15:10] Reporting income earned by family members

    [17:30] Can an EIN be used for W2G's?

    [18:28] W2Gs for online table games play, session accounting

    [20:40] State taxes on phantom gambling income, deductions

    [21:52] Gambling logs, audits

    [26:17] Horse racing W2G's, 300x rule

    [28:09] Incorrect SSN on W2G

    [29:32] Sessions at different casinos

    [30:40] U.K. and US tax treaty for slot jackpots, lotteries

    [32:50] Nevada taxes on sports betting

    [35:32] Commercials

    [38:50] Tax on futures wagers

    [39:50] Combined gambling records when filing jointly, community property states

    [41:35] Form 5754, issuing 1099s

    [44:57] Good and bad states for gambling

    [48:03] Gambling wins and losses as part of a diversified portfolio

    [48:53] Withholding on W2G

    [50:01] Recommended: James Fridman, ProHealth Longevity NMN Pro Complete, Blood and Iron by Katja Hoyer



    Sponsored Links:

    http://SouthPointCasino.com

    http://BlackjackApprenticeship.com

    http://VideoPoker.com/gwae

    http://Unabated.com



    Recommended:

    http://Jamesfridman.com

    http://Prohealth.com/pages/uthever-nmn

    Blood and Iron by Katja Hoyer - https://amzn.to/3izxVSk
    Park v Commissioner - https://www.govinfo.gov/app/details/USCOURTS-caDC-12-01058/USCOURTS-caDC-12-01058-0

    • 55 min
    Tales From The Felt

    Tales From The Felt

    Our guests this week are Colin Jones, and David Drury. We talk about a new book they produced called "Tales From The Felt," which is a collection of 21 true stories from 21 different professional blackjack players.

    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

    Show Notes

    [00:00] Introduction of Colin Jones and David Drury, authors of Tales from the Felt
    [00:40] A listener thanks GWAE
    [02:43] The idea for Tales from the Felt
    [04:24] Selecting stories, favorite stories
    [10:33] Deadlines, editing, managing authors
    [13:07] Were there any authors that weren't able to contribute?
    [17:13] Is the book currently available?
    [18:55] Book proceeds benefit the Blackjack Hall of Fame 501(c)(3)
    [20:08] How to order the book, bonus content
    [23:05] Commercials
    [27:25] Seven Tonys, The Mansplainer, and showing the humanity of AP
    [34:03] How did Richard choose his story?
    [36:08] David's riverboat story
    [38:31] When will book orders start shipping?
    [39:24] The Gift of the Magi by Darryl Purpose, Harlan Coben's Myron Bolitar Series, Moneyball by Michael Lewis, Friends of the Children nonprofit, Swatch Watch


    Sponsored Links:
    http://SouthPointCasino.com
    http://BlackjackApprenticeship.com
    http://VideoPoker.com/gwae
    http://Unabated.com

    Link to Buy Tales From the Felt by Colin Jones and David Drury
    http://Store.blackjackapprenticeship.com/collections/frontpage/products/tales-from-the-felt-an-illustrated-anthology

    Recommended:
    http://Darrylpurpose.bandcamp.com/track/the-gift-of-the-magi
    Harlan Coben's Myron Bolitar Series - https://amzn.to/3GIQHAo
    Moneyball by Michael Lewis - https://amzn.to/3EAJaRN
    http://Friendsofthechildren.org
    http://Swatch.com

    • 45 min
    Sports bettor Scott, aka VegasHorsePools

    Sports bettor Scott, aka VegasHorsePools

    Our guest this week is a sports bettor names Scott, aka VegasHorsePools.

    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.


    Show Notes

    [00:00] Introduction of sports bettor and analyst, Scott

    [00:32] How did Scott get into gambling?

    [06:01] Computer programming, odds screens

    [07:29] Transitioning from office work into full time gambling

    [09:05] Recreational, originator, and model sportsbooks

    [11:50] Lessons learned from working at a sportsbook

    [16:18] SpankOdds

    [18:54] How did Scott meet Spanky? Munchkin?

    [24:48] Networking stories and tips

    [34:24] Contacting Scott

    [35:16] Commercials

    [39:09] Finding an edge in sports betting

    [42:15] Playing the comp game

    [44:28] Horse racing Python program

    [48:05] Odds screens, Don Best, SpankOdds

    [50:18] Bet Bash, Dink, Chinese Mike

    [56:56] Recommended: Richard’s office, Spencer Cornelia, Jack Binion’s Steakhouse at Bally’s, Eat For Life by Joel Fuhrman


    Sponsored Links:

    http://SouthPointCasino.com

    http://BlackjackApprenticeship.com

    http://VideoPoker.com/gwae

    http://Unabated.com


    Guest Links:

    http://Twitter.com/VegasHorsePools


    Links Referenced:

    http://SpankOdds.com

    http://90degreespodcast.com

    http://Tim.blog


    Recommended:

    https://www.youtube.com/watch?v=1VdZAX4cx4o

    http://Twitter.com/RWM21/status/1590035893834092545

    http://Caesars.com/ballys-las-vegas/restaurants/binions-steak

    Eat For Life by Joel Fuhrman - https://amzn.to/3X3EY5g

    • 1 hr 1 min
    Jimmy Jazz 11/9/22

    Jimmy Jazz 11/9/22

    Our guest this week is Jimmy Jazz. He is back to talk about credit card strategies and other low roller plays.

    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, http://facebook.com/gamblingwithanedge, or you can find me at @RWM21 on Twitter.


    Show Notes

    [00:00] Introduction of value seeker and credit card points expert, Jimmy Jazz

    [00:47] Halloween in Las Vegas

    [02:11] Rental car issues, tips, duplicate reservations, etc

    [10:21] AutoSlash.com

    [12:10] Four Queens and Binion’s merger

    [17:59] Boarding pass deals at The D

    [21:13] Playing at The D, Golden Gate, Circa to generate offers

    [26:18] Point generation on advantage slots

    [32:45] Commercials

    [36:16] Caesars MasterCard

    [39:07] Seven Stars status

    [41:00] I-bonds

    [43:31] Discover Bank savings account

    [44:32] Predictit.org

    [45:19] Food options in Las Vegas

    [52:26] Gas prices

    [54:56] Recommended: Makers and Finders, Supreme Courtship by Christopher Buckley, Panevino



    Sponsored Links:

    http://SouthPointCasino.com
    http://BlackjackApprenticeship.com
    http://VideoPoker.com/gwae
    http://Unabated.com


    Sites Referenced:

    http://AutoSlash.com
    http://GasBuddy.com
    http://Upside.com



    Recommended:

    http://Makerslv.com
    Supreme Courtship by Christopher Buckley - https://amzn.to/3TshVyb
    http://Panevinolasvegas.com

    • 58 min
    Anthony Curtis 11/1/22

    Anthony Curtis 11/1/22

    Our guest this week is Anthony Curtis. We talk about what's new in Las Vegas.


    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.


    Show Notes

    00:00] Introduction

    [00:48] Mattress Mack and the World Series

    [05:32] Is the free furniture deal still available?

    [08:36] Does Mattress Mack really want the Astros to win?

    [10:12] Grand Prix is Las Vegas, celebrity racing odds

    [18:41] Tilman Fertitta

    [20:58] Station casinos, lost points, hoarding points

    [25:33] Commercials

    [29:41] Don Schlesinger's upcoming book

    [35:24] Bob Dancer and Phileas Bruce strategy cards

    [41:07] Las Vegas Advisor is going digital

    [45:00] Recommended: $25 match plays at The D, $1M photo display at Binion's



    Sponsored Links:

    https://SouthPointCasino.com

    https://BlackjackApprenticeship.com

    https://VideoPoker.com/gwae

    https://Unabated.com



    Books Referenced:

    Sportsbook Management by Roxy Roxborough - https://amzn.to/3NyRxkD

    Blackjack Attack by Don Schlesinger - https://amzn.to/3zG8h3M

    Connected Vegas Style by Richard Wilk - https://amzn.to/3WxSMF8



    Recommended:

    Match play promotions at The D

    $1M display at Binion's

    • 52 min
    Mail bag 10/27/2022

    Mail bag 10/27/2022

    No guest this week as we answer questions from our mail bag.

    We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.


    Show Notes

    [00:00] Introduction

    [00:29] Video poker videos on YouTube

    [04:24] Shockwave Poker

    [07:15] Social gambling laws in Colorado, tax issues with partners

    [14:12] Gambling books with good story telling

    [17:41] Tipping on handpays

    [22:06] Sign-up bonus strategy

    [26:33] Scratch-off ticket system

    [29:50] Maximizing comps as a couple

    [33:02] Hit and run blackjack strategy

    [35:00] http://SouthPointCasino.com

    [36:27] http://BlackjackApprenticeship.com

    [36:57] http://VideoPoker.com/gwae

    [38:04] http://Unabated.com

    [38:41] Video Poker for Winners versus WinPoker

    [39:11] Sending a DM to Richard Munchkin on Twitter

    [40:59] Richard's playing deviations and indices

    [42:28] Why don't smaller casinos offer better video poker pay tables?

    [45:29] DDB question about holding KQJ

    [47:49] Jackpot frequency settings on slots and video poker

    [49:12] Recommended: Quit by Annie Duke, Thinking in Bets by Annie Duke


    Sponsored Links:

    http://SouthPointCasino.com

    http://BlackjackApprenticeship.com

    http://VideoPoker.com/gwae

    http://Unabated.com


    Books Referenced:

    21st Century Card Counter by Colin Jones - https://amzn.to/3TJNUdV

    The Biggest Bluff by Maria Konnikova - https://amzn.to/3TY3KC9

    Molly's Game by Molly Boom - https://amzn.to/3sCNWbS

    Lay the Favorite by Beth Raymer - https://amzn.to/3f9cTsm

    Ship It Holla Ballas by Jonathan Grotenstein - https://amzn.to/3SIdJty

    The Professor, the Banker, and the Suicide King by Michael Craig - https://amzn.to/3Dhnnh6

    Gambling Wizards by Richard Munchkin - https://amzn.to/3fdg8Pq

    Comp City by Max Rubin - https://amzn.to/3fcmWwF

    Quit by Annie Duke - https://amzn.to/3DAh5L0

    Thinking in Bets by Annie Duke - https://amzn.to/3DB8Ez8

    • 57 min

Customer Reviews

4.7 out of 5
309 Ratings

309 Ratings

Conor25648 ,

Highly recommended

Richard and Bob are very knowledgeable on the world of gambling and their podcast is a must listen for the aspiring card counter or AP

D1ce4L ,

Excellent

Excellent podcast. I can listen to this show all day.

zay_3 ,

Long time listener, first time caller

One of my go-to gambling pods. Discovered Richard in the Kelly Sun ESPN pod. Need to invest in better tech but work in progress.

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