Tuesday 18 October 2011

The Gambling Story

I started out just like millions of people: playing the fake cash games online. One afternoon, I logged into my account to find a real money balance involving $5. 00. With all of the negative stigma society commonly attaches to online gaming, I figured I probably would never put in a deposit with my student's money, and this was the chance to see if I might create a few bucks and enjoy. I even played pretend money limit hold'em for two to three weeks until I was pumping it consistently so I could take advantage out of my 5 pounds.

In December 2004 I jumped into the smallest game on the spot: 10c/20c limit hold'em. With lots of luck (and some help from very loose games), I managed to slowly run my 'bankroll' right into about $50, at which unfortunately point I started playing $3 sit'n'go's, which finally became $7 and $10 sit'n'gos, then $1/$2 limit. I was spending a lot of time reading strategy websites, such as reading the limit hold'em posts (referenced at bottom). Right now (July 2005), my money had reached about $600. I began to read considerably more about bonuses and rakeback, which might be absolutely ESSENTIAL to all limit player, as I will outline below.

I began to forgo strategy in favour of hunting down the a large number of lucrative bonuses. I was obsessed with the notion of 'free money' using bonuses, and my game (and bottom line) suffered as a result. I struggled playing tough $1/$2 and $2/$4 online games at various sites, although Used to do slowly increase my bank roll. Eventually, I got tired of playing breaking even texas hold'em to earn bonus greenbacks, and I realized that i would never move beyond the miscroscopic stakes games if MY SPOUSE AND I was putting 'bonus whoring' prior to when improving my game, i really made a drastic transform: I put bonus whoring right behind me, and I required my $2, 000 bankroll to Party $3/$6 6max matches, which were definitely very much softer than the Definite $1/$2 grind.

January 2006: I did very well for a few months, and then broke even for ones next couple. I moved about $5/$10, and remained a slight winner. I made quality money, but the fact is I was a very mediocre player; bonuses and rakeback preserved me barely profitable just the summer months. At this stage, my bankroll had expanded to $16, 000, but I compared my winrate towards the disgusting amount of rake I JUST was paying, and I thought to return to my bonus-whoring solutions, albeit at the exact stakes. I realized that her good rakeback deal could around double my hourly speed, provided the tables remained soft. I did a large amount of research on rakeback along with bonus deals, which paid off immensely. I played at several sites from the summer and fall with 2006, eventually settling about the VERY profitable prop player deal within a major site, playing the particular $4/$8 and $6/$12 shorthanded restriction games. After a couple of weeks, however, I became fed up. I once again needed a move. Despite the fact i was making significantly more with this particular prop deal than at any other site / game, I decided ıt had been time to take an essential run at no confine hold'em. I had manufactured some random, unsuccessful efforts at NL throughout the entire poker experience, however variance of playing short-handed limit could be unbearable, and to quotation a poker-playing friend of mine, "You're the exclusively person I've ever satisfied that plays limit, bro". I had put together saved a quote by a post that really stuck by him: Visit: - 7casinobro.blogspot.com

Change sites. Play (alot) a smaller amount tables. Drop down for stakes (slightly). Think regarding each decision. Post wrists and hands in start forums. Limit you to ultimately a fairly small bankroll and progress in limits quickly (or down in the event you lose).

Do that for in terms of a month (without falling back up old patterns) and you must shoot yourself for not doing it last year?

He wasn't kidding. Available Christmas of 2006, I reserved $500 for a dash at NLHE. I combined these advices with my $5. 00 reduce approach: I started at the end, $25NL back at Party (before among the the penny tables) I read everything We could get my hands relating to about NLHE, and My group is very happy with my results so far: I'm currently playing $200NL, and I haven't played one hand of limit since i deposited that $500 right into Party. I am still discovering new strategy and principles about no limit (and poker in most cases, really) every time I sit back for a session, and my goal is always to reach $600NL sometime come early july.

Enough about me. Here's the meat for this post - if next to nothing else, please read all the section on bonuses & rake back.

The Top Part Online Casino Sites

One of many industries that is most booming is the online casino sites not to mention gambling industry. At least once a day that every person is that has a connection with some computing devices with high speed, everything is moving in any pace increasing exponentially.

So now you happen to be excited to play and you have been waiting through the following top notch online casino sites, you choose the one which most appeals to you and you also download the casino.

The absolute best online casino sites offer many of the amenities of land-based casinos along with a large variety of online games, often with better possibility, and appealing promotional features and bonuses.

Many internet casinos offer free mmorpgs, which provide a good possibility, get acquainted with the particular casino software before generating a deposit:

Golden Casino

This specific online casino is excellent as gold!! Golden Casino ensures the security from the information of their customers with regards to storage and transmission. It secures all the results that are gathered online by using the needed physical and electronic procedures on hand. Golden Casino also employs a strict restriction on underage gambling.

Golden Casino offers wide sorts of online casino games which counts over 100 online games. These include most games which has been easily downloaded and may be played for free! These help in making you become more familiar when using the games by helping you to practice them without opening an account and putting money inside play. Games such while Poker, Tri-Card Poker, Movie Poker, Red Dog On line poker, Craps, Roulette, Baccarat, Blackjack, Keno, and more are available for free download.

Golden Casino offers possibly 30 tournaments each 4 weeks and includes video poker tournaments, slots, casino hold'em, and several of the more traditional style on line poker tournament games.

Rushmore On the internet Casino

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Super Slots Casino

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Millionaire Casino

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Friday 14 October 2011

Are All Slot Machines Made Equal

If you have seen one slot machine, you have seen them all. But are they really all the same? The probability of hitting the right combination of numbers is low but you may have a better chance at some casinos than others. Even the chair that you choose to sit in may have something to do with your luck.
With the progressive slot machines such as Megabucks or Quartermania, the jackpot may be higher but so is the cost to play. Up to 15% of the money that you put into a progressive slot could be going straight to the jackpot. While this is great for the eventual jackpot winner, your odds of earning a return on your money are lower. If you like going for the long shot, then the progressive or "on line" slot machines may be for you. With the odds of winning being reported at 50 million to 1, you may want to look at the more traditional slot machines.

If you like earning a higher return on every coin that you drop into the slot, you may want to give the "equal distribution" or "straight multiplier" machines a spin. Although the payout is not as high as far as a jackpot is concerned, these machines are programmed to pay out at a higher percentage of the amount played.
Some slot players have theories about which machines are hot and which are not. Some believe that if you sit closest to the door of the casino, you are more likely to win because the casino wants to attract the attention of people walking by so that they too will come on in and play the slots for a while. One person jumping up and down because their slot machine just hit does tend to draw quite a bit of attention.

When entering a casino for the first time, look to see if you can find any "certified" slot machines. Some casinos will have information posted about a slot machines certified payout percentage. Make certain that the percentage is talking about a certain slot and not the casinos slots in general. All in all, sitting at the slots and trying to tame the one armed bandit can be an entertaining way to pass the day. I would not expect to walk out with millions but I would be willing to drop a coin and take a chance.

Article Source: http://EzineArticles.com/117739

The True Cost of Free Things

So there we were, a bunch of guys in their 40s on a Tuesday night, sitting around a corporate conference room table playing our once-a-month friendly game of Texas Hold 'em.

n the big screen, the Sox were busy beating the Indians, the credenza was overflowing with pizza, Doritos and drinks, Attorney Steve was busy talking about landing a big one for his firm, CPA Rob was talking about his daughter's birthday and somewhere at the far end of the table I could hear ultra-successful investment banker Brad mumbling about his wife demanding a pit-stop at Publix for a frozen chicken.

And there, sitting at the head of table was myself, concentrating on one thing and one thing only: staring down film producer Rod, wondering if he was trying to bluff me out of yet another hand. Believing a third rub of his eye was his tell, I called his "all-in" and heroically managed to beat his two-pair with a straight to the ten.

Although losing the biggest hand of the night wasn't destined to be his fondest memory, I did manage to give him the bright side of things: technically speaking, the money he just lost could potentially be a tax write-off for him.

Surprising? To many people, it most certainly is. In fact, I find many people aren't aware of the laws regarding the thing we all look forward to, sometimes referred to as "winning free stuff."

So, while you may not find yourself hanging out with the Hold 'Em gang on a Tuesday night, who knows? You may find yourself the proud owner of something for free. And in the event you do land such a thing, when it comes to taxes and other related issues, here's a few quick things to keep in mind...

1. WINNING THE LOTTERY

Given there's a better chance for me to win Powerball than for my New York Jets to win another Super Bowl, I suppose I should remind myself of what will happen if I got so lucky to win the biggest lottery in the land.

Generally, all lottery winnings are subject to federal, state and local taxes. An award under $600 dollars is often not reported, however, technically speaking, any amount you win needs to be reported as taxable income. Large winnings are reported on IRS form 5754 and other than swimming to Cuba with cash stuffed up your pants, there's no way to avoid taxes when winning the big one.

Disappointed? Don't be. For those that don't appreciate lengthy swims to foreign lands, you may want to consider not playing the big one at all..... Why?... Well, consider this: Powerball is played twice a week and the odds of winning are roughly 120,000,000 to 1 (which is close to the odds of my Jets winning another Super Bowl). Doing the math, if you lived to be 77, then you would have to buy roughly 15,000 tickets for each drawing (approximately 30,000 tickets each week) to give yourself a 1:1 chance of winning.

That's not very good odds, and yet another reason why you might want to consider sticking with that nice morning run around the neighborhood instead of training for a swim to Cuba.

2. CASH PRIZES

Have you ever won a cash prize? I once did. High school, 7-11, a scratch-off-something where I think I won somewhere around $20 dollars (and no, I don't believe I reported that to the IRS).

When it comes to winning a cash prize, this one is fairly simple: cash prizes are taxable, and as a result, federal, state and local taxes are owed on the amount you win. Typically, anywhere from 10% to 25% of the winnings could be withheld from large amounts awarded. As for the rest, you'll have to pay the rest come tax time.

3. PRODUCT PRIZES

Forget Phil Mickelson. A few years back, a buddy of mine once landed a very sweet hole-in-one at a charity golf tournament. Not only did he get a peck on the check from the snack girl, but he also won a brand new Porsche.

Sound good? It sure did, until he learned Uncle Sam wanted to ride shotgun. When it comes to winning product prizes, the IRS says you'll have to pay federal, state and local tax on fair market value, rendering the peck on the cheek from the pretty snack girl the only thing you may want to actually take home with you.

4. GAMBLING

Who wouldn't want to win money at a casino? I certainly would, and if anyone out there has had the experience of doing such a thing, toss me a note about how it feels.

When it comes to winning big money, casinos typically withhold 30-40% of the winnings. Ironically, however, the tax laws are actually different depending on the game you played to win it.

See, the casinos managed to convince congress there's no way they can possibly keep track of everyone, especially at the lower wage tables when playing blackjack, baccarat, craps, roulette or the big wheel. As a result, generally speaking, when playing at those tables, the winnings are generally not reported to the IRS - but technically speaking, the gambler is always supposed to report any winnings as money received.

And as for comps, get this: technically speaking, those things you get for free could be deemed taxable items as well. Needless to say, I don't know of many people that report a comped surf and turf down at the Bellagio on their tax return, but once again, technically speaking, all that free stuff could be something to report as well.

Other tidbits that come to mind include:
  • Bells ringing all over creation? Congratulations on your win, but winning money at slots will be reported if the amount is over $1200.
  • Pick a few winners on Keno? Well done. But any amount above $1200 will be reported as well.
  • Chicago Buck or Eddie's Revenge come in first? That's real sweet and it may even get you a date with the best looking girl on the block, but remember: winnings down at the horse or dog track over $5,000 or 300x the wager will be reported.
  • If you're like me and typically lose more than you win, here's an important point: generally, one can write off gambling losses against their income, but only up to the amount of their winnings.
  • Excess losses cannot be carried forward to the following tax year.
  • Gambling at an Indian Reservation? Have fun, bring a date, win huge, quit your job, enjoy the Elvis impersonator but remember, all the rules above still apply.
  • To substantiate wins and losses, the IRS requires a journal of record that states a list of items including, (1) the date and type of your wagers; (2) the name of the gaming establishment; (3) the address or location of the gaming establishment; (4) the names of the other person(s), if any, present with you; (5) the amount(s) you won or lost; and lastly, (6), whether or not you were drinking, and if you were, the type of drink you had (just kidding).


Sunday 9 October 2011

People Rush To On-line poker

Ever wonder why people rush inside poker online sites? It is because poker is often a mind game offering a completely geometry of challenges and in the end the successful winner reaps a good amount of money. A mindful play is oftentimes planning to be worthwhile and gainful with poker online depth. a mindless play. Every move your stuff in poker is like a challenging puzzle for your personal player to solve. You don't have to possess magic tantrums along with Chinese frogs to reach your goals in poker. The game is less of an winning by luck more of winning with proficiency.

Who is information! A detailed understanding about "The who is" info on the poker site is type of essential for a affixed playing. "The who is" the specifics on the poker online site could grant some clue to internet pages the site and the related authenticity of one's site. Be sure that the venue you play in or perhaps "The who is" information for your site in which you need to play is not black listed whilst in the 419 kind of swindles.

Quality of the software packages! There are a wide variety of sites that include instantly and dirtily built internet poker rooms. The term quick in addition to dirty poker online isn't going to mean that the design is going to be bad or the playing experience will probably be bad. It simply means which the software may possibly n't have enough security regarding the personal information inside the player. Do not trust your personal information to sites if you see some very beneficial hacker safe and SSL certification inside the site. The quality of the software program of poker websites is quite important with regards to trusting your personal advice.

Reviews! A nice look and nice feel using the poker online site certainly won't mean that the site works miracles and all in itself. You might not find a way to know the disguised trouble unless your personally develop the performance of the site if it's a real time player combined with the site. Learning by an person's own experience is gratifying, but learning by someone else's experience is dual rewarding. Rather than putting yourself to test to identify in the event that the site is ok, you can go from the reviews of players that'll be already registered with the venue; brilliantly enough, you can also learn if they are obtaining their payment perfect; might seem to be a lot of a caution, after all you will definitely play lots of money in poker online web-sites, the original little homework is basically worth a gold acquire.

Gerit is usually a good author who writes articles for a poker game. His favorite hobby is playing on line poker in poker locations. But he wants to play only the optimal Internet Poker game. Now days people are generally rushing towards poker game.

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