Is it illegal for me to get paid for offering sportsbook bet recommendations?
Posted by admin under sportsbook
For example I tell a guy if he gives me $20 I will tell him who he should bet on for the basketball game tonight. If I’m wrong I give him his money back. If I am right I keep the money.
There are many handicapping services out there where people can buy picks for sporting events. What you are doing is perfectly legal.
Also, keep in mind what you are doing is income. If you make a few bucks here and there it’s no big deal, but if you were to make a substantial amount of money selling picks, it would be in your best interest to declare is as income on your taxes. Tax evasion is really the only way you could get in trouble for what you are proposing.
There are many handicapping services out there where people can buy picks for sporting events. What you are doing is perfectly legal.
Also, keep in mind what you are doing is income. If you make a few bucks here and there it’s no big deal, but if you were to make a substantial amount of money selling picks, it would be in your best interest to declare is as income on your taxes. Tax evasion is really the only way you could get in trouble for what you are proposing.
References :
Add A Comment