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Gambling Is My Business: A Financial Organizer for Professional Card Players & Other Gamblers

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Author :
Release : 2012-09-11
Genre : Games
Kind : eBook
Book Rating : 392/5 ( reviews)

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Book Synopsis Gambling Is My Business: A Financial Organizer for Professional Card Players & Other Gamblers by : Kiki Canniff

Download or read book Gambling Is My Business: A Financial Organizer for Professional Card Players & Other Gamblers written by Kiki Canniff. This book was released on 2012-09-11. Available in PDF, EPUB and Kindle. Book excerpt: DON'T GAMBLE WITH THE IRS Gambling Is My Business was written for men and women who are, or want to be, professional gamblers. It will show you how to track gambling income, explains what gamblers can and cannot deduct, and teaches you how to document gambling activities in a manner that will survive an IRS audit. A couple of winning pots taken home from card games with friends, or casual evenings at the casino, does not make you a professional gambler. A professional gambler is operating a business, not just out to win a game or two. And, in an audit, the professional gambler will most likely be asked to prove that their gambling activities qualify as a business. Tracking wins, losses, and expenses on gambling is the same whether you're reporting hobby or business income. It must be done according to IRS rules if you expect to survive a tax audit, and both professional and hobby gamblers will benefit from using this organizer to keep proper records. Maintain this organizer regularly and you should be done in less than 20 minutes each month, and when tax time rolls around it will take you less than an hour to get ready for your tax professional. All of the forms necessary for recordkeeping, as well as preparing annual income and expense figures for tax preparation, and documenting your time spent as a gambler are included. This system requires no special math or bookkeeping skill; the professional gambler simply posts all records into this organizer, which can then be used by his or her tax preparer to produce an audit-proof return.

How to Make $100,000 a Year Gambling for a Living

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Author :
Release : 1997
Genre : Games & Activities
Kind : eBook
Book Rating : 167/5 ( reviews)

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Book Synopsis How to Make $100,000 a Year Gambling for a Living by : David Sklansky

Download or read book How to Make $100,000 a Year Gambling for a Living written by David Sklansky. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt: Is there really such a thing as a professional gambler? The answer is an unequivocal, "Yes!" This book's authors are but two examples. Many thousands of people around the country make a good living exclusively from gambling. It is not easy, but it can be done. The key is to understand which games are beatable and know how to beat them. David Sklansky and Mason Malmuth have spent many years writing about the finer points of poker, blackjack, and other beatable games. As you will see in the book, those other "games" are horses, sports, progressive slots and video poker, casino tournaments, and special promotions. They don't include craps, roulette, keno, or baccarat for reasons they'll explain. This book, was written for the not quite as experienced aspiring gambler. It shows you everything you need to learn and do if you want to gamble for a living from both the practical and the technical standpoints. The rest is up to you.

The Biggest Bluff

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Author :
Release : 2021-06-08
Genre : Psychology
Kind : eBook
Book Rating : 646/5 ( reviews)

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Book Synopsis The Biggest Bluff by : Maria Konnikova

Download or read book The Biggest Bluff written by Maria Konnikova. This book was released on 2021-06-08. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times bestseller • A New York Times Notable Book “The tale of how Konnikova followed a story about poker players and wound up becoming a story herself will have you riveted, first as you learn about her big winnings, and then as she conveys the lessons she learned both about human nature and herself.” —The Washington Post It's true that Maria Konnikova had never actually played poker before and didn't even know the rules when she approached Erik Seidel, Poker Hall of Fame inductee and winner of tens of millions of dollars in earnings, and convinced him to be her mentor. But she knew her man: a famously thoughtful and broad-minded player, he was intrigued by her pitch that she wasn't interested in making money so much as learning about life. She had faced a stretch of personal bad luck, and her reflections on the role of chance had led her to a giant of game theory, who pointed her to poker as the ultimate master class in learning to distinguish between what can be controlled and what can't. And she certainly brought something to the table, including a Ph.D. in psychology and an acclaimed and growing body of work on human behavior and how to hack it. So Seidel was in, and soon she was down the rabbit hole with him, into the wild, fiercely competitive, overwhelmingly masculine world of high-stakes Texas Hold'em, their initial end point the following year's World Series of Poker. But then something extraordinary happened. Under Seidel's guidance, Konnikova did have many epiphanies about life that derived from her new pursuit, including how to better read, not just her opponents but far more importantly herself; how to identify what tilted her into an emotional state that got in the way of good decisions; and how to get to a place where she could accept luck for what it was, and what it wasn't. But she also began to win. And win. In a little over a year, she began making earnest money from tournaments, ultimately totaling hundreds of thousands of dollars. She won a major title, got a sponsor, and got used to being on television, and to headlines like "How one writer's book deal turned her into a professional poker player." She even learned to like Las Vegas. But in the end, Maria Konnikova is a writer and student of human behavior, and ultimately the point was to render her incredible journey into a container for its invaluable lessons. The biggest bluff of all, she learned, is that skill is enough. Bad cards will come our way, but keeping our focus on how we play them and not on the outcome will keep us moving through many a dark patch, until the luck once again breaks our way.

Red Joker Rules

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Author :
Release : 2010-02-23
Genre : Games & Activities
Kind : eBook
Book Rating : 172/5 ( reviews)

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Book Synopsis Red Joker Rules by : Pat Holland

Download or read book Red Joker Rules written by Pat Holland. This book was released on 2010-02-23. Available in PDF, EPUB and Kindle. Book excerpt: "Gambling is investing, and investing is gambling," says the Red Joker. Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable. Through a mixture of skills, self-control and sheer luck, some of those who have created it will receive more than others. There is no inherent difference between sifting through a horse's prospects of winning a race and a company's prospects of returning regular profits. There is no inherent difference in deciding whether to raise the betting on a particular hand of cards and deciding whether a property is a good or bad buy. But there is a world of difference between the pace of gambling and the pace of investing. A gambler faces as many investment situations in a week as an investor does in a lifetime. The rules are the same, but the gambler is in a situation where he can learn the rules very quickly. This is a book of advice from the gambler to the investor - The Red Joker Rules.

Johnny's Girl

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Author :
Release : 1999-09-01
Genre : Biography & Autobiography
Kind : eBook
Book Rating : 76X/5 ( reviews)

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Book Synopsis Johnny's Girl by : Kim Rich

Download or read book Johnny's Girl written by Kim Rich. This book was released on 1999-09-01. Available in PDF, EPUB and Kindle. Book excerpt: Johnny’s Girl the nationally acclaimed memoir of growing up in Alaska’s underworld as the only child of gambler John F. “Johnny” Rich and exotic dancer, Frances “Ginger” Rich. It chronicles Alaska’s mean streets and her parent’s tragic lives that were cut short. Kim Rich was an ordinary girl trapped in an extraordinary childhood, someone who dreamed of going to parties and getting good grades while living in an after-hours hell of gamblers, pimps, and con men. She longed for normalcy, yet she was inescapably her father's child, and she had no choice but to grow up fast. Her mother, who suffered from mental illness, was a stripper and B-girl: her father was a major player in the underworld of Anchorage, Alaska in the sixties, a city flush with newfound oil money. Only after her father was gruesomely murdered when she was 15, and Kim became a journalist, was she able to fill in the missing pieces of one American dream gone horribly wrong. Kim's true story is a tale of a woman's search for her parent's secrets. What she finds is both shocking and tragic, but in the end she's able to discover her true self amid the remnants of her parents' lost lives.

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