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Gambling With an Edge - Mail Bag 9/6/2021

Gambling With an Edge

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Playing Slow Means You're Earning Less Money Than Playing Fast

If you're an expert player and can play a thousand hands an hour perfectly, that's great. But most players when they go above a certain level find themselves missing two or three hands an hour. That will eat up your profits. So it's much better to play slow and accurately than it is to play fast and make mistakes. Next question. If I bought in for $500 at a blackjack table, the Blasio, for example, would the casino issue me a W2G? What triggers a reporting requirement to the IRS in such a situation?

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