Archive for March, 2009
« Previous EntriesDoes God cause a poker player to run good or bad?
Nikolas M asked: I’m asking this specifically of you poker players who believe in God. Would God suspend the laws of mathematics, including probability and variance, to cause a poker player to get more than his mathematical share of good or bad cards? What are your thoughts about this?Absolute Today
How does a professional poker player file taxes?
mazarate21 asked: I’ve made quite a bit of money last year playing cash game poker on the side and I’m thinking of quitting my day job and going full time. How does a professional poker player file taxes and their annual salary? How does the IRS verify the income reported is true? Must you [...]
I want to calculate my odds of making it to a world series of poker event this year?
AndyN asked: I have a 3.45% chance of winning one of the tournaments if I can buy into 6 of those tournaments what are my chances of making it?
Alright I am not looking for a lecture of why I should stay in school and get an education because I am already doing that. I have [...]
How do I deduct gambling losses on my tax return?
Jason asked: I understand that I am required to report gambling winnings and that I am allowed to deduct gambling losses. But I do I determine gambling losses? Specifically, if over the course of a year I fund an online poker account with $3,000, cash out winnings for $5,000, and have $1,000 remaining [...]
Can i stop payment on an echeck to a gambling website?
brian asked: I gambled with more money than i have. I am a US citizen and used an echeck to two different online gambling sites. What happens if i call my bank and tell them to stop payment? Will my bank stop payment? Will the gambling site report this to credit? Can they since online [...]
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