Unless gambling is his "normal course of business" he can't write if off as a business expense, as far as I know.
Record Super Bowl bet....!
- Thread starter garczar
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Unless gambling is his "normal course of business" he can't write if off as a business expense, as far as I know.
Agreed, he makes some good points in that article. He also mentioned he was "heavy" on the other side when he lost the college football championship (meaning his furniture sales outpaced his bet) AND he gave $1000 gift cards to the losers.
Seems like a pretty good guy to me.
Powerful.
he lost big on the Astros to beat the Nationals and the Braves iircHe’s been betting it up real big the last year or so. It’s always in the Vegas paper. Idk if he’s up or down. Word on the street is he’s a brilliant biz man and cool guy. Good luck to him.
Gambol,
Fatboy
Sounds right. He lost a ton on the World Series
He had a dee big bets down the year before as well, I can’t recall what the result was.
Usually guys betting like him don’t want the attention. This guy seems to be betting for attention which isn’t normal at these stakes. There’s plenty of action this size or close to it that never ever makes the news, just a handful of casino employees know of it. Living in vegas is why I look know about it.
Best
Fatboy
He's Vegas Dave with real money.
If you have $1B it is not even a rounding error.
Very well said!He's Vegas Dave with real money.
SlateMan
Registered
If I recall when the hurricanes ravished Houston, this guy opened up his furniture stores as shelters. He let people sleep in the beds and all. Meanwhile just down the road Joel Osteen locked the churches doors.
A Houston furniture store opened its doors as a refuge. Thousands came for help. (Published 2021)
The Gallery Furniture store invited people who needed to warm up or spend the night during the winter storm power outages.
Could be big publicity stunt like Hollywood use to do to print films.
Welp that didn’t work out so good oops
It is and it isn’t
It’s real action
The guy likes attention
Make of that what you will.
If I was betting that high, I wouldn’t advertise it.
I assumed he was betting the spread. Cinci covered, but he bet straight win by cinci. Not too smart imo.
Yep, he's a genuinely good guy, and helps out in a lot of different ways.If I recall when the hurricanes ravished Houston, this guy opened up his furniture stores as shelters. He let people sleep in the beds and all. Meanwhile just down the road Joel Osteen locked the churches doors.
A Houston furniture store opened its doors as a refuge. Thousands came for help. (Published 2021)
The Gallery Furniture store invited people who needed to warm up or spend the night during the winter storm power outages.www.nytimes.com
His bet's are nothing new, and like everything in Texas, he does it BIG.
He is smart. Yes he lost his bet on the football game. However, all the folks that bought furniture at full retail are going to have to pay for that furniture. Probably with interest. I imagine that he set it up so that he is making money either way the game went. I don't know what the mark up on furniture is but it probably is fairly high. The bet was basically an insurance policy. With that being said, he is known as a philanthropist and a generally good guy around Houston.