Going to make online poker even harder. When the sports betting idiots leave, just gonna leave GTO players under 40. Yuck.
All fun and games for online kansas sports betting untill ur 1099 tax bill or whatever comes and your taxed on what you won (even though you are waay down on gambling for the year). Good luck with that. I'm sure everyone was claiming all of their offshore sports betting wins... [Reply]
Going to make online poker even harder. When the sports betting idiots leave, just gonna leave GTO players under 40. Yuck.
All fun and games for online kansas sports betting untill ur 1099 tax bill or whatever comes and your taxed on what you won (even though you are waay down on gambling for the year). Good luck with that. I'm sure everyone was claiming all of their offshore sports betting wins...
I had a friend that took all the losing tickets she could find so she could take some out of reported winnings.
Going to make online poker even harder. When the sports betting idiots leave, just gonna leave GTO players under 40. Yuck.
All fun and games for online kansas sports betting untill ur 1099 tax bill or whatever comes and your taxed on what you won (even though you are waay down on gambling for the year). Good luck with that. I'm sure everyone was claiming all of their offshore sports betting wins...
Protip: you can't pay taxes if you don't win :-) [Reply]
These legal state-run sports books have vig so high that the game just can't be beat long term or even mid term. Imagine playing a poker game where the house drags 50% of the pot each hand as rake. Not even Phil Ivey on adderall could profit in a game like that, and
'twill be the same with Kansas sports betting if the previous states are any indication. [Reply]
Originally Posted by BDj23:
Protip: you can't pay taxes if you don't win :-)
Actual pro tip: set your gambling activities up as a business on schedule C. It's a very aggressive tax position that I wouldn't recommend in most cases but one that I've taken many a tax year (you kinda have to keep it up once you start it). [Reply]
Originally Posted by Vladimir_Kyrilytch:
These legal state-run sports books have vig so high that the game just can't be beat long term or even mid term. Imagine playing a poker game where the house drags 50% of the pot each hand as rake. Not even Phil Ivey on adderall could profit in a game like that, and
'twill be the same with Kansas sports betting if the previous states are any indication.
I wonder what the juice will be? I read 10% tax on all bets but I can't find much. Will you have to file a form on every win or will they just tax you when the bet is placed/cashed out?
You get nickel and dimed to death playing offshore too with btc it seems [Reply]