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Gambling With an Edge

Gambling With an Edge

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 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.Copyright Gambling With an Edge
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  • Anthony Curtis & NFL contests

    Anthony Curtis & NFL contests
    Aug 28 2025
    Our guest this week is Anthony Curtis. We discuss the upcoming football contests, the big Vegas downturn, and upcoming books.

    Show Notes

    [00:00] Introduction of Anthony Curtis, owner of The Las Vegas Advisor and Huntington Press
    [01:12] NCAAF and NFL football contests
    [04:04] Grandissimo
    [06:03] Did tax law changes affect participations in football contests?
    [08:15] Contest pricing and strategies for additional entries
    [10:51] The value of football knowledge versus contest theory
    [13:27] Huntington Press’ upcoming books on sports betting, slots, roulette, blackjack, baccarat, and another book by James Grosjean
    [19:57] Las Vegas tourism, waived resort fees, and other deals.
    [27:33] Struggles Foubtainebleau, Resorts World, and The Downtown Grand
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    30 min
  • Life is a Gamble - Magician Mac King

    Life is a Gamble - Magician Mac King
    Aug 23 2025
    Mac King has been performing his comedy magic in Las Vegas for 25 years. His show is hilarious, and thoroughly entertaining.

    [00:00] Introduction of magician Mac King
    [00:50] What’s the first magic trick that Mac remembers?
    [04:39] When did Mac start doing magic?
    [06:06] Mac’s paid performance
    [08:19] Mac’s career plans after high school
    [12:36] Working with Lance Burton
    [14:47] “It’s Magic” in Los Angeles
    [16:38] Life after college, comedy clubs
    [18:51] Intersection of gambling, magic, and card cheating
    [21:06] Mac King’s Excalibur show
    [22:58] Performing with a bloody thumb
    [34:06] Houdini's naked rope escape
    [37:47] Future plans and why Mac still loves performing
    [39:58] Life outside of magic
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    42 min
  • Russell Fox on taxes for gamblers

    Russell Fox on taxes for gamblers
    Jul 16 2025
    Our guest this week is tax expert Russell Fox. We talk about the terrible new taxes on gamblers in the big beautiful bill. What's a gambler to do? Is Richard going to retire.... again?

    [00:00] Introduction of gambling tax expert Russell Fox
    [00:48] How does the tax bill affect gamblers?
    [02:25] Session method logging
    [03:56] Sports betting logs and session definition
    [09:14] Advantage slot play and session definition
    [13:08] Will this law be overturned?
    [17:08] 1099 changes, W2G backup withholding
    [20:16] CTRs
    [20:51] 90% maximum deduction of losses and business expenses
    [23:06] Long term impact on high limit rooms, DraftKings, FanDuel, and offshore books
    [28:02] U.S. citizens, permanent residents, non-resident aliens, withholding
    [30:46] Worldwide income, renouncing U.S. citizenship, and exit tax
    [34:17] Favorable comfortable structures, tax advantages of C-corp
    [34:55] IRS job cuts and audit probability
    [38:29] Recreational gamblers and W2Gs
    [40:33] Will this tax law increase tax fraud?
    [41:18] Contacting Russell Fox

    Links:
    Claytontax.com
    Taxabletalk.com
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    43 min
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