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Gaming Gurus: Strategy Expert Article Archive - Page 251
Roulette tips27 February 2016 1. The Single-Zero WheelWhen playing the game of roulette, try to find a wheel that only has one zero rather than the double zero. The single zero is known as a French or European wheel. The odds for a player are greatly improved when playing against a single zero...read moreDeal Me In: Antiperspirants, anyone?26 February 2016 Dear Mark: I love the El Cortez in Las Vegas that you lauded last week, except for one thing: They sure do sweat the money. It is probably one of the sweatiest shops in Las Vegas. Otherwise, as you said, you just cannot beat the low limits, the limited deck sizes and the rules...read moreFavored to win World Series25 February 2016 It’s spring training time in major-league baseball, and for gamblers that brings talk of odds to win the World Series, who’s favored and what that actually means.The Chicago Cubs are a hot topic of conversation after their breakthrough season a year ago, when they won 97 regular-season games, beat the St...read moreAsk the Slot Expert: Do casinos tighten machines when they're no longer new?24 February 2016
Question: We travel from the U.K. to Vegas twice a year. Just about every trip there is a new slot machine that just about every casino has. We have noticed that when we play these machines on the first trip, they pay out very well.
Titanic was a great example...read moreMore of gambling's fads and facts23 February 2016 I am covering some of the many (as in many, many, many) gambling systems that players use to win money – even if the systems actually lose money, which almost all of them do. The “fad” is what players think the system does and why they play it; the “fact” is what the system actually accomplishes...read moreFour aces and 10 10s21 February 2016 QUESTION: Please explain about the video poker games with the bonuses on aces. You get 400 coins on the aces in Bonus Poker, 800 in Double Bonus, 2,000 in Double Double Bonus and 4,000 in Triple Double Bonus.The aces have to come up a lot less with the bigger payoffs, right? If they come up the same, why would anybody play for the 400 instead of the 4,000?ANSWER: First, a couple of points of clarification: The payoffs you list assume a five-coin bet...read moreYour video poker quiz20 February 2016 Remember the pop quiz back in high school? Try this True or False pop quiz for video poker.1. You should always play the maximum number of coins when you play video poker.2. If your initial five-card hand has a four of diamonds and you discard it, it’s possible for you to get a four of diamonds on the draw.3...read moreDeal Me In: Lady Luck smiles over the short run19 February 2016 Dear Mark: I love your column and look forward to it every Thursday. I am a dedicated blackjack player and follow basic strategy. For years, I have preferred playing one- and two-deck games (on Fremont St.), but lately, I find I do better with the six- and eight-deck shoes...read moreReal live poker18 February 2016 I don’t write a lot about live poker — the Texas Hold’em, seven-card stud and Omaha that you see in casino card rooms. Most of my poker playing has been done in home games, with rules that have little to do with anything you’ll find at casinos...read moreAsk the Slot Expert: Is slot cash back gambling income?17 February 2016
Question: Many casinos offer cashback programs. If you cash in your points for cash when you leave the casino, is this taxable income? Does the casino include this cashback as 1099-Misc income as they do for prizes and awards not included as a W-2G win?
I know that comps are not being reported or taxed (so far), but what do the tax experts say about how one handles the cashback or merchandise you get from the cashback programs?
Answer: My go-to reference for gambling-related tax matters is Tax Help for Gamblers by Jean Scott and Marissa Chien...read more |
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