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Thread: My Win/Loss Statement! :D

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    My Win/Loss Statement! :D

    https://photos.app.goo.gl/9aCnjft6uGdXxuW69

    https://photos.app.goo.gl/aMXpnBGG4LGwGCrT6

    A far cry from when I used to just play actual pennies...

    The ripped out parts had my personal information and although I may be naive, even I know better than to put my personal information in these pictures.

    The weird thing is, they ONLY put Slot Wins and Losses and claim I didn't play any Table Games even though I play Table Games a lot. Unless they count Table Games as Slot since the machines are all electronic and there are no live table games...

  2. #2
    Senior Member bigplayer's Avatar
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    Table game machines = Slots

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    Quote Originally Posted by bigplayer View Post
    Table game machines = Slots

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    That's what I surmised. Thanks for clarifying!

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    Quote Originally Posted by Blackjack Newbie View Post
    That's what I surmised. Thanks for clarifying!
    I had been lost too.
    That's some great job of putting it clear.

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    Quote Originally Posted by BelindaCruz View Post
    I had been lost too.
    That's some great job of putting it clear.
    Thank you for admitting you were lost too. Casinos considering Electronic Table Games to be Slots gets REALLY confusing. Can you imagine playing ONLY Blackjack and your Win/Loss Statement claiming you only played Slots? That would be a huge WTF!? I was trying to find the Emojis for confused . For some reason, confusion has the same Emoji as sad on most Websites. Concerned also looks sad. Although concerned looks more confused than the actual Concerned Emoji. Go figure. Confused is on the left. Confused is on the right.
    Last edited by Blackjack Newbie; 10-26-2021 at 02:33 PM.

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    Quote Originally Posted by Blackjack Newbie View Post
    Can you imagine playing ONLY Blackjack and your Win/Loss Statement claiming you only played Slots?
    Any Electronic Blackjack game I've ever seen IS basically a slot machine since they "shuffle" after each round. No means of counting means no advantage play.

  7. #7
    Senior Member bigplayer's Avatar
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    Bet $300 on a BJ game, double down and win, that's a total back to you of $600 win + $600 wager = $1200 triggers a W2-G in the US. That is why you see many players bet odd lower amounts so that a split 1x plus double stays below $1200.

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    Bigplayer, I have a question for you. I was playing a Spanish 21 game online which is now legal in MI. I kind of lost my cool after many losses in a row and kept doubling up thinking I got to win a damn hand sometime. Well, for my last hand I put a $800 bet out there. It was a terrible hand against a strong dealer up card. Nothing but small cards started coming out and I was sure I was going to break when a reached 15 or 16. Anyway, luck was with me this time and I pulled a 7 card charlie. The $800 bet paid me $2,400 and with my original $800 bet, I got $3,200 back on that one hand.

    So my question to you is did I trigger a W2-G? The gambling site never said anything about a W2-G. How do I find out if I have any W2-G's out there. I'm having my best year ever and hope to file my income taxes as a business. Do you see any problems?
    Last edited by Midwest Player; 10-30-2021 at 10:30 AM.

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    Quote Originally Posted by Midwest Player View Post
    Nothing but small cards
    You realize that's what happens in Sp21, which is why you always hit hard 12s, etc.?

    P.S. Congrats on being a degenerate gambler.

  10. #10
    Senior Member bigplayer's Avatar
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    Online no idea, might be an actual table game.

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    Quote Originally Posted by 21forme View Post
    You realize that's what happens in Sp21, which is why you always hit hard 12s, etc.?

    P.S. Congrats on being a degenerate gambler.
    No way are you going to get $500,000 or even $100,000 in action playing red chips in the time limit given to these promotions. My standard bet in most of these promotions is $50 and I double up once in a while and sometimes drop to $25 or even lower. I swear these sites turn on beast mode every so often. I recently had a bad losing streak where I lost 15 hands in a row and 4 for the hands were at bets of $400.

    Anyway, the promotions are so good that they make the game positive expected value. Presently, I'm playing a blackjack promotion where you get $2 in free credits up to $2,000 in free credits for every $100 you bet. This requires $100,000 in action to get the max free credits. And to top off matters they usually have leaderboards going at the same time. Last night when I hung up the blackjack play in the wee hours of the morning, I was at the $1,000 prize limit in the leaderboard. Once I make the max on the promotion I will quit playing but I should still qualify for $500 in free credits on the leaderboard. I also got another round of ten $100 free bets for this coming week's games.

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    Sounds like a good deal.

    Are these games with live dealers or purely electronic?

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    Quote Originally Posted by Midwest Player View Post
    I'm having my best year ever and hope to file my income taxes as a business.
    Record keeping is critical when trying to establish professional gambler status with the IRS. You need to have recorded the dates, start times, end times, buy-in amounts, end of session amounts, and table (or machine) ID for each session. Those are the basic record keeping requirements, but there are other tests applied in order to qualify.

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