there is the possibility of a huge payoff resulting
from a relatively small initial wager, the IRS has
demanded that a11 casinos record the social security
numbers of certain winners.
The following is the schedule that is generally posted
some where near the keno lounge of most casinos. If
not posted, then let the following rules guide you.
Price of Ticket Payoffs Reportable
$0 $ .59 $600 or more
.60 .89 1,200 or more
.90 1.19 1,800 or more
1.20 1.79 2,400 or more
1.80 2.39 3,000 or more
2.40 2.99 3,600 or more
3.00 3.59 4,200 or more
3.60 9.99 6,000 or more
10.00 and over 10,000 or more
Gambling losses may be deducted from gambling wins,
so it's important to save losing tickets if you've
won enough to have a reportable win. This places an
uncomfortable and unfair burden upon the player, who
may have lost a great deal of money in other games
during the year. Suddenly he or she makes a big win
at keno, which is completely taxable, while all previous
losses at online blackjack games and craps are next
to impossible to verify.
who open from late position often have weak hands.
This tends to be particularly true of players who
limp from late position. With only a few players left
to act, it's very unusual for a late position opener
to limp with a big hand. Most players will raise with
a wide range of hands from late position, but the
range of hands they'll limp with is restricted to
weak hands. You should raise most late position limpers
with a wide range of hands with both big card strength
and drawing strength.