πŸ€‘ How to Make Money Playing Blackjack | Live Casino Comparer

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Yes, but not me. There are pro's out there playing full time and making a living. The Mayor has an interview in his book with LVBear, who is a.


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How to make money playing Blackjack Online!

Chancer New Member Jan 23, Taxes If you were to become a resident of the UK, you wouldn't have to pay any tax on any gambling winnings. Forums Miscellaneous Blackjack - CardCounter. Almost all full-time or serious part-time players despise casinos. To earn a long term living wage at this game; requires some degree of smarts. Not reporting your profit from casino games on your tax return is a crime. Making a living playing blackjack. I despise casinos.

Forums New posts Search forums. And where do you play? New posts. I know a few high stakes pros and their life is anything but easy and they would tell you that. But I don't need to and am not willing to put in as many hours as I used to.

Search Advanced search…. Sure if you want to get technical and declare all you https://video-smotri.online/play/where-to-play-blackjack-online-for-real-money.html, and you can even declare loses too.

LV Bear Administrator Jan 25, Not easy. Gambling losses can only be offset against gambling wins and only in the year they occurred.

Casino winnings are no different than any other reportable income. That is where the smarts come in. Here is a good one: comps are taxable income and need to be included in reported winnings.

Specifically: Tax free - not in the US; Lovely Hotels - dicey at best - if using a mailer from a previous play then ok; if playing on a current trip and staying at their hotel - you also run a real isk of transferring hotels unexpectedly at 3am; Now lets look at some of the downsides: -no health ins; -no make a living playing blackjack days; -no K; -no vacation days; -no perks stock options, frequent flyer miles, no eating out on a vendor's tab; -frequent barrings if you play high enough to earn a decent wage; -variance shouldnt bother you if properly financed but if not then watch out!

Search forums. Casinos and the IRS know its a complicated task. To each his own but be forewarned its not easy Most full time players have other entrepreneur projects they do to compensate. What's new New posts New profile posts Latest activity. For others, it is drudgery; make a living playing blackjack hate going to casinos, and do it only for the money with no enjoyment.

You are running a small biz and if not careful can easily go into the red even if winning at the tables ; and you have to be smart enough to move around to stay ahead of the heat but not move around so probability playing blackjack that your ev suffers due to reduced hours or increased operting expenses.

But advantage play is hard compared to some middle management position in a do-nothing government agency or a large corporation, where you have to do little more than show up, attend a few useless meetings, and line up at the feeding trough on payday. My guess is you have to be willing to play many different places at different times of the day, being very careful not to wear out your welcome.

Why would you think otherwise? Log in Register. Free food is ok; not sure whether gamblers attract more beautiful girls than other folks - everything else you mention is tough not easy. And never against ordinary income. Consistently earning money at blackjack is not just about practicing the system.

Being a skilled player does not mean you become a tax criminal. Shaggy18vw Well-Known Member Jan 24, Dedication If you have the "dedication" that it takes to become a professional blackjack player, chances are you could earn more money doing something else with less effort.

There is no simple answer. Log in. Your CPA is advocating criminal behavior The lack of a reporting requirement for the casino does not make the income "tax free. Many hassles and much time spent in unpleasant, hostile environment ok; is it an easy way to make a living??

That doesn't mean it's not a crime. Believe me, the Feds will check,if they can check wins they will check comps. I have never received tax forms from any casino when I win, because they do not know if you lost the night before.

It depends on your own temperament, too. Therefore, I enjoy taking their money more than I used to.

If you'll post something about your life situation, without giving up enough information to identify you, I'll be glad to make more comments or suggestions.

Your age, work experience, life expectations, family situation, need for health insurance, and other factors must be figured in. So I don't really agree with that statement of "bottom line, if you're smart enough to make a living playing blackjack, you could probably make more doing something else.

I despise them more every day. Record-keeping is a requirement for all businesses; advantage play is no different. The reason that that they do it is because its the best way that they figured out how to make a living.

I think most high level players go down this route If you have real large table game make a living playing blackjack I would change only amounts make a living playing blackjack less than the amount visit web page above each trip to the casino cage.

It's that simple. Geasy John New Member Jan 25, One small correction You must log in or register to reply here.

I agree that it takes dedication; perhaps I should have said that you have to be smart to make a "decent" living at it. There are pro's out there playing full time and making a living. It depends on what else you have done or are able to do. Yes, but not me. I believe the vast majority of skilled players accurately report their incomes and pay their taxes honestly. The biggest joy is personal freedom and the ability to have peace of mind. For a better experience, please enable JavaScript in your browser before proceeding. But I think "smart" is a good word. LV Bear Administrator Jan 23, How can it be tax free? The excuse of "Well, everyone else does it" won't fly if you are the one audited. Implementation is the key. It is stress-free compared to what I imagine an air traffic controller, brain surgeon, or nurse goes through every day. For some it is the most enjoyable and best-paying thing they have ever done. What's complicated about keeping an Excel spreadsheet, or even a paper log of session results, and a daily diary of expenses? Sure, most recreational players, and even some part-time pros, may break the law and hide the income from the government. Members Current visitors New profile posts Search profile posts. Thread starter airasia Start date Jan 19, If you still can, how many of you do? Search titles only. It is easy compared to, say, construction work or other hard physical labor. I said that you had to be smart to make a living at it.