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If tournaments are about prestige, then cash games are where the real money is made. They also train you to play real poker, rather than just move all-in and hope for …
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Learn How to Play Texas Hold 'Em Poker, and you'll be ready for the most common poker game. If you think you're good enough, you might want to test your skills in a high-pressure situation. Be sure you know How to Play Poker in a Tournament before you ante up. As long as you're in the casino, you might as well drop a few bucks on some other
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Gambling winnings (which the IRS refers to as "income") can include: ... you spent on tickets for the winning game); $5,000 or more in poker tournaments ... Signing up for a player's card at a casino is a great idea, because the casino keeps an ...
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Here are the main differences between cash games and poker tournament play: Cash games are played on one table. Tournaments can be played on one table but can also consist of multiple tables. In cash games players exchange money for chips, and there is usually a minimum and maximum buy-in amount, depending on the stakes.
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united states - Do you need to pay taxes on cash poker My father is a poker player and only plays cash games, that is poker games where you only play with you own money (vs tournament where you pay a fixed fee and can win up to millions). Do you need to pay taxes on cash poker games? Ask Question 4. Can I avoid tax on my poker winnings? | Yahoo Answers Sep 02, 2008 · I've been playing cash games at my local casino and walk out with about $700 every weekend. If I just pocket the money, can I avoid paying the tax? Can I avoid tax on my poker winnings? ... However, if you put too much of that cash in your bank, the IRS will be informed.