Taxation of Gambling Winnings

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Do you enjoy gambling? Many people find it enjoyable and relaxing to go to a casino and spend time at the slots or tables. A big problem we see as accountants is that most people don’t understand how the winnings affect their tax return. Here are a couple of examples. About 25 years ago a [...]

History Of Online Gambling

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Online gaming is not very old and started in the late 1990′s with the Caribbean government legalizing online gambling. This step paved the way for further advancement in this field. Although it is illegal to gamble on the Internet in many countries, foreign-based casinos and gambling houses carry out their businesses with impunity. This is [...]

Craps Bets – Good Versus Bad

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In terms of affecting a craps decision, there’s no such thing as a skilled craps player. However, there are knowledgeable and ignorant players. Although no one (not even the shysters who claim to have mastered the scam known as “dice control” or “dice setting”) can skillfully affect a craps decision, your amount of knowledge can [...]

Roulette

There is more than one way to maximize your enjoyment at Roulette. The most obvious is winning and winning big is the ultimate way, but that’s not always possible, nor does it always happen. Roulette is a game of chance, and like any game of chance, you’ve got to master your mind and master your [...]