Casinos are in the business to make money. They don’t intentionally make mistakes. Still, sometimes mistakes happen that smart players can exploit. You don’t need to be a pro. You just have to be alert and savvy — and find one of these mistakes. It also helps if you have the requisite knowledge and bankroll […]
Posts tagged W2Gs
Being Good at Everything
I have two good friends, “Thelma” and “Louise,” who are married to each other. I’ve been friends with Thelma for more than a decade, Louise about half that long, and Bonnie and I happily attended their wedding last year. Thelma is very bright and has been successful at a number of things. She’s also very […]
Podcast – guest Russell Fox #2
This week we talk with tax professional Russell Fox. Russell is based in Las Vegas and handles many professional gamblers. We discuss things like – how teams handle W2Gs, 1099s, and K1s. We talk about how to be smart about having residences in 2 states, and some tips on an HSA. podcast Click to listen […]
Quitting When I’m Ahead
You’ve heard the expression “Quit when you’re ahead,” applied to gambling. You’ve also heard, “When you’re on a hot streak, keep firing away!” These two bromides give opposite advice on what you should do when you actually hit a big jackpot. The first says go home. The second says stay and keep playing.
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