SpookyBets

Positive EV, Modeling, arbs. Join my discord in bio for my picks and betting advice

[SpookyBets @Spooky_bets]

When the group chat parlay actually hits
$10➡️$30,000 @ortafc

[Underdog NBA @UnderdogNBA]

Spencer Jones (illness) listed available to play Wednesday.

[Underdog NBA @UnderdogNBA]

LaMelo Ball in win over the Wizards:

38 PTS
13 REB
13 AST

Most points in a triple-double in his career.

[SpookyBets @Spooky_bets]

@TieMcFarren @DanLifshatz @scow_invest I thought Sweepstakes were banned in this bill im pretty sure… if I’m not wrong

[CrazyNinjaMike @CrazyNinjaMike1]

SEC 70114 is unconstitutional.
• Introduced by @MikeCrapo
• Limits deductions to 90% of losses.
• Win $100k / lose $100k → IRS taxes $10k you never kept.
• The 90% cap violates the Sixteenth Amendment because it taxes something that is not “income.”
• Under Eisner v. Macomber (1920) income must be a “gain derived” from capital or labor.
• Under Commissioner v. Glenshaw Glass (1955) it must be an “undeniable accession to wealth, clearly realized, over which the taxpayer has complete dominion.” When a gambler’s wins and losses net to zero, there is no accession (increase) to wealth.

This phantom "income" tax will go into effect starting tax year 2026. @repdinatitus is working on a bill that would reverse this unfair anti-gaming tax provision. Let's hope common sense prevails and this is quickly reversed before 2026 gets here.

#Kill70114 #StopHiddenTax

[Phil Galfond @PhilGalfond]

Yikes.

Senate Amendment to the Big Beautiful Bill =
You get taxed on more than you earned from gambling, even if you netted $0 (or less!).

Here's how it works and what you can do...

The change

If it passes in this form, starting in 2026, gambling losses (and expenses) will only be 90% deductible (and still only up to your total winnings).

What this means in plain English

If you win $100k and lose $100k – You’ll owe tax on $10k of “phantom” income.

If you win $100k and lose $50k – You actually profited $50k, but you’ll owe tax on $55k.

If you win $100k and lose $150k – No tax owed (your deduction is capped at $100k, which is more than 90% of $150k ($135k)).

(Editing in from my post below because it's important:

A pro who earns $200k/year might have $3m in winnings and $2.8m in losses.

This means earning $200k and being taxed as if they earned $480k.)

This applies to both recreational and professional gamblers.

For pros, your travel, coaching, software, etc. are lumped into the “loss” bucket and still subject to the 90% cap.

What to do

Pulling from @russcfox's post:

"If you don't like this (and I don't), and if you have a GOP Congressman, let them know. (You can find your House representative at https://t.co/OCRMfd1P3l) Be respectful in your message, and, yes, they are looked at."

Thank you for breaking the news and keeping poker players posted, Russ!

--

[SpookyBets @Spooky_bets]

We hit our last two twitter plays and I'm 2/2 Let's try to go 3/3:
Kentucky/Missouri u169.5 -110 (1.5u)
Good to BM/FD/CZR/BO

[SpookyBets @Spooky_bets]

1u

1/1 on twitter plays let’s see if we can go 2/2

[SpookyBets @Spooky_bets]

FV ~-118 to pinny (1u) #fanduel #sportsbettingpicks

[SpookyBets @Spooky_bets]

@ortafc He can have my nuked DraftKings account 😁😁

[SpookyBets @Spooky_bets]

Pistons scored 76 before half against the 76ers

[SpookyBets @Spooky_bets]

No oddsjam, no arbs, no bullshit

My free community discord server:
https://t.co/xHXbZGXdDn

[SpookyBets @Spooky_bets]

Finally… only took 12 days. all I want for Christmas is @fliff to unban me🥺🥺 what even is an arbitrage bet anyway? I just love betting my favorite sports team and depositing money into fliff!!

[SpookyBets @Spooky_bets]

@MetroPassMike It says I have $0.00 in my balance but 8k redeemable am I cooked?

[SpookyBets @Spooky_bets]

@MetroPassMike My bad bruh I snitched

[SpookyBets @Spooky_bets]

Great month🤝 we went up 64.59 Units with a 7.7% ROI in the Free Gambling Addicts discord server. Join us for December 🎅
https://t.co/ALEBjqMDvM

[SpookyBets @Spooky_bets]

Cashing 160+ members in my FREE +EV community discord.
Up 39.49 Units in the past 4 weeks come check it out
https://t.co/ALEBjqMDvM

[SpookyBets @Spooky_bets]

@EVBetsCO This is ridiculous…

[Underdog NBA @UnderdogNBA]

lebron is up to 16 points in the 4th quarter. in 4 minutes.

https://t.co/cfIM2RHCFH

[SpookyBets @Spooky_bets]

Up 12.22 Units today in the FREE discord!
Join up link in bio #sportsbettingadvice #sportsbet

[SpookyBets @Spooky_bets]

@UnabatedSports