Many players gamble till all their money is gone. They just can't quit, but the session method will help lower their reportable winnings.
There is another type of gambler who likes to "lock up" a winning session whenever they hit a winning streak. They can return the next day and give it all back and more, but brag about their win from the previous day. Stopping at some winning goal is popular with certain bogus "money management" strategies. It can result in higher taxes.
Chris
[Non-text portions of this message have been removed]
Posted by: cy4873@hotmail.com
Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (12) |