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View Full Version : Oscar in big $$$ in Akron Oh


krelldog
10-15-2017, 07:15 PM
Word in the street is Oscar D playing for 50 k at Kings of Billiards in Akron Oh.

He's playing Ed Hancock ....Hancock getting the 8 and 9 (playing 10 ball) and 2 games on the wire in a race to 50......

Any Updates???

iba7467
10-15-2017, 07:34 PM
Word in the street is Oscar D playing for 50 k at Kings of Billiards in Akron Oh.

He's playing Ed Hancock ....Hancock getting the 8 and 9 (playing 10 ball) and 2 games on the wire in a race to 50......

Any Updates???

I do not know, but I would bet on Oscar.

J Soto
10-15-2017, 08:03 PM
2 games on the wire going to 50 games? Well ok then.

JAM
10-16-2017, 04:39 AM
Well, what happened? Inquiring minds gotta know! :smile:

DawgAndy
10-16-2017, 05:15 AM
they were going to play to 25 last night and start again to finish tonight. Probably when Big Ed gets off work. Looked like Oscar was starting to catch a gear when I left but it was early. I do know Oscar lost the first 3 games, gave up BIH in each one. So that would be 5-0, when i left OD had won 4 in a row. And that is a a little more in the middle than what I had heard

KeithS66
10-18-2017, 10:29 AM
FYI - To those who wanted to know, I messaged the room yesterday and was told that Oscar won 50 to 30-something.

Kevin Lindstrom
10-18-2017, 10:32 AM
Pool is not dead yet.

Glad to hear about big money action.

Thanks for the post.

Kevin

HUKIT
10-18-2017, 10:56 AM
Does anyone know if Uncle Sam gets his ridiculous 25% cut out of this(not that I care if he does)? I'm just curious when the winnings are that huge if they report that as income.

ribdoner
10-18-2017, 10:59 AM
Does anyone know if Uncle Sam gets his 25% cut out of this(not that I care if he does)? I'm just curious when the winnings are that huge if they report that as income.

sure does..

Dave714
10-18-2017, 11:00 AM
Does anyone know if Uncle Sam gets his 25% cut out of this(not that I care if he does)? I'm just curious when the winnings are that huge if they report that as income.

That's funny !! It's actually closer to 30%

stevelomako
10-18-2017, 11:45 AM
Does anyone know if Uncle Sam gets his ridiculous 25% cut out of this(not that I care if he does)? I'm just curious when the winnings are that huge if they report that as income.

sure does..

That's funny !! It's actually closer to 30%

Of course they report it and pay the taxes.

You don't think they would do the wrong thing and not report it do you?

That's tax evasion and the IRS kinda frowns on it.

wahcheck
10-18-2017, 01:00 PM
Of course they report it and pay the taxes.

You don't think they would do the wrong thing and not report it do you?

That's tax evasion and the IRS kinda frowns on it.

I had been wondering about this when numerous past matchups were advertised on AZB, such as the One Pocket matchups with Frost/Orcullo or the more recent T.Rex/Orcullo matches.....along with other 9 ball or 10 ball matchups....all delineating the races and amount being put up....

I understand that it's regulated in tournaments payoffs; but I doubt if this happens in many gambling matches.....which is why I wonder why they would advertise it openly online which includes the amount in the middle?

couldnthinkof01
10-18-2017, 03:01 PM
I know slim to none about tax law. If two people wager each other, does the winner report the gains and the loser get a rebate for losses? This would open a door to something that would be hard to prove for the i.r.s

Kid Dynomite
10-18-2017, 04:04 PM
i think the IRS allows the winner to deduct his prior gambling losses. Even though he had a nice payday, I am aware of multiple loses to Keith Bennett for large chunks of change. Plus, loses to Justin Bergman.

Funny, when those guys make a good score there is total silence about the IRS and taxes. This MINORITY wins back a few bucks and its front page news and the topic of the day!

KD

one stroke
10-18-2017, 04:36 PM
i think the IRS allows the winner to deduct his prior gambling losses. Even though he had a nice payday, I am aware of multiple loses to Keith Bennett for large chunks of change. Plus, loses to Justin Bergman.

Funny, when those guys make a good score there is total silence about the IRS and taxes. This MINORITY wins back a few bucks and its front page news and the topic of the day!

KD

Then there is the fact few play with their own money to begin with


1

maha
10-18-2017, 06:18 PM
they need to give a 1054 form to their backer. although i doubt any do. other wise they are liable for the taxes on their gross winnings .

cleary
10-18-2017, 07:01 PM
they were going to play to 25 last night and start again to finish tonight. Probably when Big Ed gets off work. Looked like Oscar was starting to catch a gear when I left but it was early. I do know Oscar lost the first 3 games, gave up BIH in each one. So that would be 5-0, when i left OD had won 4 in a row. And that is a a little more in the middle than what I had heard

Everytime I play for 50k, I call those days off sick. I know, I'm weird.

stevelomako
10-18-2017, 08:41 PM
Two pool players were brought into the IRS office.

The agent looks at one and asks "How do you get your money?"
The player points at the other one and replies "I borrow it from him"

The agent looks at the other one and asks "Well now, so where do you get your money?"
The second player points at the other one and says "He pays me back!"

Ekojasiloop
10-18-2017, 11:39 PM
If you’re actually a pool player every goddamn thing in life practically would be an expense, from gas to hotels to gambling losses, to table time. They’d probably owe next to nothing if they actually added up the expenses right.

Black-Balled
10-19-2017, 05:28 AM
If you’re actually a pool player every goddamn thing in life practically would be an expense, from gas to hotels to gambling losses, to table time. They’d probably owe next to nothing if they actually added up the expenses right.

We have been thru the tax fact finding here and as I recall, there would be a limit (3yr?) That one could file in a manner that expenses negate winnings, for tax purposes.

The-Professor
10-19-2017, 05:57 AM
Who ended up winning?

Franky4Eyes
10-19-2017, 08:40 AM
Does anyone know if Uncle Sam gets his ridiculous 25% cut out of this(not that I care if he does)? I'm just curious when the winnings are that huge if they report that as income.

We know the players might report it,
but do their backers? Lol!