Our members are dedicated to PASSION and PURPOSE without drama!

Menu

Show posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Show posts Menu

Messages - Ehtelgaeb

#1
You're right. It was 10,000,000 decisions not games.
#2
Conservatively

10,000,000 games in 40 years = 250,000 games per year
250,000 games in 50 weeks per year = 5,000 games per week
5,000 games per week in 5 days per week = 1,000 games per day
1,000 games per day in 10 hours per day = 100 games per hour

That's a lot of Baccarat.
#3
Baccarat Forum / Re: TAX RETURN FOR ONLINE GAMBLING???
December 21, 2016, 03:33:51 PM
From IRS.gov

Topic 419 - Gambling Income and Losses
The following rules apply to casual gamblers. Gambling winnings are fully taxable and you must report them on your tax return. Gambling income includes but is not limited to winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and the fair market value of prizes, such as cars and trips. For additional information, refer to Publication 525, Taxable and Nontaxable Income, or review How Do I Claim My Gambling Winnings and/or Losses?

Gambling Winnings
A payer is required to issue you a Form W-2G (PDF), Certain Gambling Winnings, if you receive certain gambling winnings or if you have any gambling winnings subject to federal income tax withholding. You must report all gambling winnings on your Form 1040 (PDF) as "Other Income" (line 21), including winnings that are not subject to withholding. In addition, you may be required to pay an estimated tax on your gambling winnings. For information on withholding on gambling winnings, refer to Publication 505, Tax Withholding and Estimated Tax. If you are considered a nonresident alien of the United States for income tax purposes and you have to file a tax return, you must use Form 1040NR (PDF), U.S. Nonresident Alien Income Tax Return. Refer to Publication 519, U.S. Tax Guide for Aliens, and Publication 901, U.S. Tax Treaties, for more information.

Gambling Losses
You may deduct gambling losses only if you itemize deductions. However, the amount of losses you deduct may not be more than the amount of gambling income reported on your return. Claim your gambling losses on Form 1040, Schedule A (PDF) as an "Other Miscellaneous Deduction" (line 28) that is not subject to the 2% limit. A nonresident alien of the United States cannot deduct gambling losses.

Recordkeeping
It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements, or other records that show the amount of both your winnings and losses. Refer to Publication 529, Miscellaneous Deductions, for more information.

More Tax Topic Categories
#4
Sports Betting Forum / Re: THANKS SOXFAN !!!!!!!!
October 10, 2016, 11:35:08 AM
Quote from: Tomla on October 09, 2016, 08:30:14 AM
Spent the spring and summer and early fall using your original  parlay: 2, 2, 2, 6, 8 ,   10, 15, 20, 25, 35, 50
                                                                                                        6  4  2 12 12,  10 , 15, 15, 10,15, 25

Used it on many diff types of sports bets and oh my it produces !!!!!!!!!!!!!!!!!!!!
much appreciated the bull dog is fed

( only the dysfunctional could lose)

Tomla, I am always curious about successful sports bettors.  How do you select the team to bet on?  Is it a mathematical process or do you follow sports closely enough to be able to intuitively pick?
#5
Quote from: TheLaw on July 22, 2016, 07:39:56 PM
I think he's asking about the stop-loss that you added to play after the initial larger tests by Nickmsi failed to show a profit with flat betting only.

The charts with -1 and/or -2 stop loss (then restart a new game), were the only ones that showed a profit without a progression.

So still flat betting with an added -2 stop loss then restart new game. Is that correct?

Yes, this is what I was asking.  Evidently not.

Adulay please check your PM.
#6
Quote from: ADulay on July 22, 2016, 04:12:03 AM
I realize that many are stuck on running millions of trial hands but it's hard to beat sitting down at the table once your comfortable with your bet selection.

Hit the B&M casino tonight and flat bet my way to a very nice +8 net.

Can't complain about that.

This makes three trips to the casino where the VDW play has produced a profit.

Simple yet effective for general baccarat play.

An upload of the shoe should be available tomorrow after some sleep for those who care to take a look.

AD

Quick question if you don't mind.  Were you playing as you originally indicated with a reset after a win or did you go with -2 stop loss before resetting?
#7
I always thought the perfect gambling solution was to put bills into a coin changer.  Just like a slot and it always pays 100%.
#8
Baccarat Forum / Re: Sputnik's March
February 22, 2016, 01:55:41 PM
Thanks Roulette Fan! And everyone else working on this.
#9
Flat betting OTBL wins 7, but I saw the shoe before I played it and was able to select what I thought was the best bet selection.  In my opinion, this doesn't really count.  I can pick the $200,000,000 lottery numbers on Sunday morning after they are posted in the newspaper.
#10
OTBL wins 13 out of 18 hands on this shoe.  But this proves nothing.
#11
Horse & Greyhound Racing Forum / Re: Follow the frog
October 03, 2014, 11:57:31 AM
Quote from: Leapyfrog on October 03, 2014, 11:06:30 AM
Thanks for the comments friends. But unfortunately results don't seem to agree :)

I have some acquaintances (not really friends but people I've met) that actually play US horses for a living and they tell me the win rate is similar to poker.  In poker you play maybe 18% - 20% of the hands dealt but you expect to win better than 50% of the hands you play.  So you're winning like 9% of all hands dealt.  In horse racing you may play 50% to 75% of the races but your win rate is maybe 15% so you're winning like 7.5% to 11.25% of all races watched or handicapped.  And at 7% to 12% win rate, your win rate can still be statistically significant but you can still be losing money.  Horse racing is tough.
#12
Horse & Greyhound Racing Forum / Re: Excel
September 26, 2014, 06:25:31 PM
You can get them from BRIS in a comma delimited format, 1435 columns x number of horses in the race today, $1 a card minimum.

http://bris.com/cgi-bin/HTML/products.html

and the $1 files

http://bris.com/cgi-bin/trk_report.cgi?drs

information on the make up of the pp file

http://www.brisnet.com/cgi-bin/static.cgi?page=structures