Taxes and Gambling

Get the Form Whenever you win a “qualifying amount” at a casino, they are legally required to report it to the IRS. Therefore, they will collect your social security number and send you an IRS Form W-2G. As such you want to make sure to report these winnings on your tax returns because the IRS [...]

Money Management in Betting

Money management is one of the main concept when it comes to sports betting. People go very rash and impulsive that they empty their pockets without knowing how to manage funds. And so this is why few bettors end up losing so much money than they have planned for the day. The individuals lose track [...]