Poker Winner Blog

Games of Chance and Skill

Casinos offer a choice between games of skill, where the player can affect the outcome; and chance, where players have no input and rely on luck.

Games of chance include roulette, slots and punto banco. Once players have decided what numbers to play there is no further action to take.

Poker and blackjack are games of skill. As players make all the decisions about taking cards, they are able to use their intelligence to win. With games of skill, a combination of knowledge and experience can make the difference between winning and losing. Read the rest of this entry »

In the USA you will find the record useful if you have a big win, as gambling wins are subject to tax. Players can offset gambling losses against winnings, but the IRS requires players to keep an accurate record of dates, bets made, address of gaming establishment, names of people with you and the amount won or lost. Comps also count as winnings. In addition, proof of expenditure, like casino receipts and bank records, will need to be shown if you are audited. Read the rest of this entry »