Reporting earnings from sports betting?

Yes it might be a gray area along with poker, but I believe it is only b/c they can't really track how much U win/lose. There is a place for each when filing taxes, in your case just take the difference and claim it as winnings if that is what your asking (1220 profit). Nice job, just remember though if you run bad to claim your gambling losses as well b/c it can be done!!