Taxation of Gambling Winnings

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Some studies have concluded that superstitions actually develop and are the basis behind future gambling plays. When a person wins, he/she will try to discern what happened during that winning period. The person may think that what they’re wearing is a good luck charm. When a person loses, they may also look for reasons for their loss. If a person is losing more than two sessions with a certain dealer, they may feel that the dealer is unlucky or just cannot be beaten.

Of course, not every superstition is created because of personal observations; some gamblers actually follow the beliefs because they’ve heard about it for years and years. They choose to believe that something is unlucky and avoid it (such as the numbers 13 in America or 4 in South Korea). Some people will actually test it to discover if anything actually comes about. For instance, you choose to cross your legs while you play Poker because you believe it is actually bad luck. Guess what? You’ll lose because subconsciously believe you’re going to lose anyway. When you do lose, you just reinforced this belief.

What does it mean when gamblers have “selective amnesia”? Basically, it means the gambler remembers only things that go hand in hand with their beliefs. With superstitions, the gambler may believe it because they’ve heard other people repeat them. Here are some common gambling superstitions you may have heard (and some you may not have yet).

Coming Through Casino Entrance – Some gamblers believe that coming through the casino’s main entrance is bad luck. In fact, the Las Vegas MGM casino (themed after MGM film studios) created a main entrance in the shape of a lion. Many superstitious gamblers felt the entrance way was doubly cursed and would go in another way.

Never Holding $50 Bills – There are many gamblers who absolutely refuse to hold a $50 bill or accept them as payment. In fact, many casinos won’t even hand out $50 bills and those that do will find that many gamblers will not accept them. It’s not uncommon to find people who don’t want $2 bills either because they may also be unlucky.

Counting Money – Many people believe that counting money while they’re playing is bad luck. For that reason, they’ll count their money after they leave a table.

Singing/Whistling – Some gamblers feel that whistling or singing while they’re playing against the house is bad luck. This reasoning is thought to come from the superstition of whistling/singing while walking by a graveyard.

Red Clothing – There is an Asian superstition about wearing red when gambling. However, many people tend to wear their favorite color when they gamble, thinking it’s their good luck charm.

Crossing Legs – Some people won’t cross their legs when they gamble because they believe that this sitting position is bad luck.

Now, many people have one or two superstitions when it comes to gambling. บาคาร่า  The idea is not to let those superstitions guide your actions, as the main idea is to have fun. If you think something will give you good luck then it certainly cannot hurt to bring it with you or think of it. If you think you’re feeling lucky, you’re going to be happy and enjoy yourself.

If you are reading this article your probably just a regular person who enjoys sports gambling but is sick and tired of paying out the majority of the time. You probably have wondered how a small fraction of sports gamblers that seems to win pulls it off so effortlessly. Learning how to become a winner at sports gambling means following certain guidelines and getting a little bit of help when needed.

The first thing you have to do is to plan ahead if you want to be a long term winner when gambling on sports. You have probably been flying by the seat of your pants and where has that gotten you? Before the start of the season you need to plan on how much you can afford to lose. Once you know how much your bankroll is for the season you need to re-think how much you wager on each game.

One of the primary reasons sports bettors lose big is because they place wagers that are way to large when compared to their overall bankroll. You should only be risking about 2-4% of your total bankroll on each game. I realize that making small wagers like this may sound kind of boring but look at this from another angle.

In order to come out ahead you will need to hit better that 50% of your wagers. This number varies slightly on the kind of wagers you make and the amount of juice you have to pay out on losers but 55% is probably the minimum. Now, would you agree that even the most successful sports gamblers on earth hit losing streaks? Of coarse they do! The reason they win in the long run is because they are making sensible wagers so that when they hit those losing skids they survive them.

If your wagering 10-20% of your bankroll then you could easily be cleaned out after one bad weekend. Now your probably wondering how a guy that works a full time job is going to have enough time to learn how to actually win enough sports bets to come out ahead long term. Well, their is good news and bad news on this front.

The bad news is this, you will most likely never master the skills to be a long term sports gambling pro. It’s just to daunting of a task for most people to learn. The good news is that their are proven betting systems that can aid you in your quest to become a successful sports gambler.

Are you ready to learn how to become a winner at sports gambling If you are sincerely tired of losing then you must check out so you can learn how to finally become a winner at sports gambling! You have absolutely nothing to lose and much to gain. Good luck to you and let’s make it a winning season this time around


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