[vpFREE] Gambling and 1099's

 

In my gambling career I've gotten plenty of W2-G's but I've never received a 1099. As I understand it the W2-G's are issued for gambling wins and 1099's are issued for prizes and gifts. My question is can you write off gambling losses against 1099's.

Thanks for any responses.


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Posted by: mickeycrimm@yahoo.com
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[vpFREE] Vegas Values Report - 4 JUN 2017

 

Vegas Values Report - 4 JUN 2017

http://www.americancasinoguide.com/vegas-values/vegas-values-report-for-june-4-2017.html

or

https://goo.gl/v5B5LU

or

<a href="https://goo.gl/v5B5LU">
https://goo.gl/v5B5LU</a>

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and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

.

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[vpFREE] Re: Bob Dancer Column - 30 MAY 2017

 

Bob described a wheel spin promotion:

Number of Prize Occurrences Amount 1 $1,000 1 $500 4 $250 4 $100 5 $50 10 $20 15 $10 20 $5

 

Just out of curiosity, I get a variance of about 21,814 which is pretty high but the edge at $10 (assuming you get a choice at a guaranteed $50 or spin with EV of $60) is high also (20%). The gambling bankroll needed to make you indifferent to taking the $50 or spining is about $1091 (BR=VAR/(EV-CE)/2). If the numbers were guaranteed $5 million or spin with EV of $6 million instead, the gambling bankroll would be about $110 million.




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Posted by: nightoftheiguana2000@yahoo.com
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Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

.

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[vpFREE] LV Sun: Casino promotions - 4 JUN 2017

 

LV Sun: Casino promotions - 4 JUN 2017

https://lasvegassun.com/news/2017/jun/04/casino-promotions-june-4-10/

or

<a href="https://lasvegassun.com/news/2017/jun/04/casino-promotions-june-4-10/">
https://lasvegassun.com/news/2017/jun/04/casino-promotions-june-4-10/</a>

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
*************************************************

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
Reply via web post • Reply to sender • Reply to group • Start a New Topic • Messages in this topic (1)
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

.

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