Re: [vpFREE] online poker bot, supposedly unbeatable ...

 

I'm not a heads-up pro. But I know a number of them who were at the top
level of the game before people basically stopped playing limit hold'em
heads-up for real money. Linked below is an article by one of these pros,
who made millions playing and is well-respected as one of the best.

http://poker-blog.srv.ualberta.ca/2015/01/08/humans-robots-and-the-consequences.html

The IGT bot has nothing in common with this one, except that they are both
computer programs that play the same game.

The claims in this thread are backed with essentially zero evidence. The
claims the UofA team has made are backed by a number of peer-reviewed
papers, and the scrutiny over at least 8 years of some of the top players
in the world. There's not much else to say.

Ed

On Sun, Apr 12, 2015 at 4:25 AM, mickeycrimm@yahoo.com [vpFREE] <
vpFREE@yahoogroups.com> wrote:

>
>
> I somewhat followed a 2+2 thread on the limit heads up holdem machines a
> few years back. The best article I ever read on the game was "Investigating
> Heads Up Texas Holdem Poker" by Nick Christensen. You can google it. He
> gives a great analysis on how the game plays.
>
> There is no rake in the game but I think it was estimated that maybe 1% of
> players had the talent to beat the game. Some people questioned why, if
> these 1%'ers could beat the game, they weren't playing it. The reply was
> with the limits offered they had better hourly rates in other spots.
>
> I'm not a heads up expert and play very little poker these days. I'm
> spoiled rotten by my video poker, video keno and video line game play. But
> I knowEd Miller to be a heads up pro. If he says this Caephus bot is
> virtually unbeatable then I take his word for it.
>
>

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Posted by: Ed Miller <ed.miller@gmail.com>
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[vpFREE] Re: Tax question

 

I'm a CPA. I file a sch C. I think all of these are gifts and are not taxable, except #3 and then only if you take the free play.
Although there was a case where a high roller was given a car and it was ruled as taxable. I've heard more than once a taxpayer being told by an agent "I don't want to hear it" about comps. The law about being rebates on taxable items (gambling) being taxable is quite clear, though.

Posted by pede1976:Any chance you can send these questions off to Marissa or speak to how you specifically deal with them? I acknowledge that I am just asking for informational purposes, there is no engagement letter, there is no formal relationship between me and anyone else that offers advice, etc.

1. A casino gives me a $50 dining coupon via mailer - it has an expiration date. Is this taxable income when I use it?

2. A casino gives me a $50 dining coupon after I played for an hour - it has an expiration date. Is this taxable income when I use it?

3. I earn 1000 points at a casino and can use them to get $10 freeplay or $20 worth of food at the restaurant. Are either of these taxable income when I use them, and if spending my points on food is, do I say that was $20 (food value) or $10 (cash value) worth of income?

4. I earn 1000 points at a casino and can ONLY spend the points on gifts at the gift shop. Is this taxable?

5. I earned $50 in gas gift cards while playing (did not spend points on them), are these taxable?

In my mind, prior to reading the book, I would have thought that only 3 (both food & freeplay) was taxable, and 5 was taxable. However, after reading the book, especially when it says gifts are not taxable, I'm pretty strongly inclined to believe 5 is not taxable, and 3 may only be taxable if you take the freeplay.

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Posted by: Sam Phillips Beckerman <becksam@aol.com>
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