Posts Tagged ‘real money’

Poker and the Law

Hello,

I’ve started playing poker just recently. First I tried playing at poker rooms that offer free play. Right now I want to start playing online for real money but I’m bothered about the law, particularly about declaring my winnings. I know I look like paranoid and sound silly but I just don’t want to have any headache specially if related to taxes and all. Your thoughts?

Thank you.

Best regards,
Justin
Justin,

If you are a winning player, then you might want to consider hiring an accountant to do your taxes in regards to declaring your gambling winnings. By law, if you win more than $400 in a year, you must declare your winnings. Now, you can declare gambling losses against your wins, but only up to the amount of your wins.

Issue on Cockiness

Hello,

I’m here to ask something about emotion. Well, I know and I understand why emotion badly affects one’s play. For me tilt has never been much of a problem unlike cockiness.

I know I must admit it, when I sit down and play calmly and with humility, I know my game is going to be tight, aggressive and seriously thoughtful. And in the event I am in such mood more or less I’ll be placing money in the tournament I’m in or at least double my money if in a ring game.

Just the other day, after days of good play, I was very cocky and played cleverly. I bluffed a lot if I just remember it right. I don’t understand why every time cockiness strikes in me, I lose. Maybe for some reasons, but for reasons I don’t know.

Because I badly want cockiness to be out on my system, I started forcing myself to play the free money tables and also play real money only when I’m focused. Any thoughts?

Hope to hear from you soon.

Best regards,
Kevin
Kevin,

When someone becomes cocky, they usually convince themselves that they are superior to all players and they buy into their belief to the extent of overlooking information that other players may present in a hand. They may feel that a player couldn’t possibly call their bluff or that they couldn’t call with an inferior hand and hit. When a player gets this mindset, the tight players at the table take advantage and punish them when they make a mistake.

Play for Real Money in U.S.

Hello,

Do you have any idea if it’s legal to play for real money on the internet in U.S.?

Thanks in advance!

Regards,
Dave
Dave,

It is not legal to play online for real money in the United States.