Gambling With an Edge - guest Russell Fox

Our guest this week is tax expert Russell Fox. Interesting tax items discussed include taxes on crypto-currency, reviewing the criteria for whether or not you are a professional gambler, the implications of not having a tax home, and how the WSOP Main Event final table winners actually did after taxes.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
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Show Notes

[00:00] Introduction of tax advisor, Russell Fox of TaxableTalk.com and ClaytonTax.com

[00:30] Recent changes in tax laws, foreign crypto currency exchanges

[06:03] Coinbase summons letters

[11:20] Schedule C filing as a part time professional gambler

[13:47] Does having many W2G's increase audit risk?

[18:43] Using player's club data during an audit

[20:50] Taxation of private football pool entry, winnings, losses

[25:35] California proposal to end deduction of gambling losses

[26:52] California law requiring primary candidates to release tax returns

[28:38] South Point Casino August promotions - South Point logo merchandise, free play, free video poker classes

[30:13] VideoPoker.com - Gold membership offers correction on most games

[31:44] Filing lost W2Gs, reconciling inaccurate W2Gs

[42:24] Can traveling expenses be deducted if you live on the road?

[44:46] WSOP final table tax liabilities

[49:23] How to properly stake a poker player, Form 5754, 1099-MISC

[52:25] Tax Help for Gamblers by Jean Scott and Marissa Chien

[53:30] Sending a tax return by regular mail

[56:25] Contact Russell at rcfox@claytontax.com

SouthPointCasino.com
VideoPoker.com
TaxableTalk.com
ClaytonTax.com
BobDancer.com/seminars


Tax Help for Gamblers by Jean Scott and Marissa Chien https://amzn.to/344mvtS

Gambling With an Edge - guest Colin Jones

Our guest this week is Colin Jones author of the new new book, "The 21st Century Card Counter." Successful blackjack players need to use different techniques today than they did in the past.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of blackjack expert, educator, and author, Colin Jones of BlackjackApprenticeship.com

[00:45] Why did Colin write a book about blackjack?

[05:22] Why are interviews included in Colin's new book, The 21st Century Card Counter?

[07:37] Why do players quit playing blackjack?

[10:31] Does Colin consider himself to be a gambler?

[12:42] What is blackjack boot camp?

[15:08] Who is JC Rocks?

[20:53] Colin backed himself off in Wisconsin

[23:25] Playing in casinos in Arizona

[24:46] More self-back off discussion

[28:55] South Point Casino August Promotions - South Point logo merchandise, free play, free video poker classes

[29:46] VideoPoker.com - Gold membership offers correction on most games

[31:02] Grace Jones

[32:37] N-zero discussion

[35:20] Winning money vs EV

[38:16] A 21% discount on Colin's book for GWAE and bonus content offer

[40:52] Joe and Semi-Pro at blackjack boot camp

[42:19] The benefits of networking

[44:30] Blackjack boot camp pricing and info

[47:09] Is 6:5 blackjack beatable?

[49:50] Dead Man's Hand blackjack

[51:43] How can listeners contact Colin?


Links:
SouthPointCasino.com
VideoPoker.com

BlackjackApprenticeship.com
Pudding Guy http://Wikipedia.org/wiki/David_Phillips_(entrepreneur)

Books:

The 21st Century Card Counter by Colin Jones https://amzn.to/2Hij9cW

Professional Blackjack by Stanford Wong https://amzn.to/2ZcmDc4

Burning the Tables in Las Vegas by Ian Andersen https://amzn.to/2ZeUf48

Playing Blackjack as a Business by Lawrence Revere https://amzn.to/321RncR

Million Dollar Blackjack by Ken Uston https://amzn.to/2KNQyOP

Blackjack Blueprint by Rick Blaine https://amzn.to/2HmBCFc

The Education of a Poker Player by Herbert O. Yardley https://amzn.to/31VWDhQ

Gambling With an Edge - The Doc 2

Our guest this week is "The Doc," back for another visit. He tells of some great games  he's experienced at various casinos, and some of the ways that his approach to the game differs from some other blackjack players.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of blackjack player, The Doc
[00:33] How did Doc become a certified sommelier?
[03:56] Playing blackjack at Stardust
[05:50] Discussion of cheating dealers
[11:39] Stories about casinos manipulating intoxicated gamblers
[14:25] Doc’s renewable bankroll and strategy/count discussion
[27:18] South Point Casino August Promotions - South Point merchandise, free play, and free video poker classes.
[28:19] VideoPoker.com - Gold membership offers correction on most games
[29:33] Doc’s retirement plans
[30:45] Doc’s longest losing streak
[33:12] Card counting in Vegas
[38:13] Blackjack Apprenticeship
[40:22] Blackjack training businesses
[42:25] More discussion of cheating by casinos


SouthPountCasino.com
VideoPoker.com

Free video poker classes BobDancer.com/seminars

Gambling With an Edge - The Doc

Our guest this week is a blackjack player who posted for years on online forums as "the Doc." He tells how he got started, his first backoffs, and his interactions with the wealthy curmudgeon, "Mr. H."

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
Click to listen - Alt click to download

Show Notes

[00:00] Introduction of blackjack player, The Doc
[00:34] The origin of Doc's name
[01:39] How did Doc start playing with an edge?
[03:50] Internet blackjack forums
[06:15] Doc's memorable back-offs
[09:48] Doc's wife's opinion of his advantage play
[13:10] More Treasure Island back-off details
[15:40] Doc's annual blackjack hours and travel schedule
[17:04] Doc's bet size strategy
[20:25] Has Doc had any bad back-offs?
[24:08] Playing rated vs playing unrated
[27:57] South Point Casino August Promotions - South Point merchandise and free play
[29:02] VideoPoker.com - Gold Membership offers correction on most games
[30:16] Stories about Mr. H
[42:09] Playing in a private casino

Books:
Beat the Dealer by Edward O. Thorp https://amzn.to/2TiPAgf
Blackjack Attack by Don Schlesinger https://amzn.to/2GUvSlY
Professional Blackjack by Stanford Wong https://amzn.to/31jnJ2i
Black Belt in Blackjack by Arnold Snyder https://amzn.to/2H8IrdJ

Gambling With an Edge - Jeopardy James Holzhauer

Our guest this week is sports bettor James Holzhauer, whose claim to fame is earlier this year winning just shy of $2.5 million on Jeopardy! We discuss his Jeopardy! success, along with his other gambling interests, including what's next for him.

We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.

podcast
Click to listen - Alt click to download

Show Notes
[00:00] Introduction of James Holzhauer, professional sports bettor and Jeopardy! champion
[00:28] Summary of James' Jeopardy! winnings and records
[01:02] The Jeopardy! contestant screening process
[03:28] Ken Jennings
[06:00] James' future plans
[10:38] How did James start gambling?
[14:01] Emma Boettcher's strategy
[16:30] Daily Double and Final Jeopardy! betting strategy
[19:12] South Point Casino August Promotions: South Point logo merchandise, free video poker classes
[20:21] VideoPoker.com - Gold Membership offers strategy correction on most games
[21:01] Buzzer practice
[21:53] Did James plan to be gracious in in defeat?
[22:45] Studying the Jeopardy! archive and children's books
[24:35] Board game discussion
[26:34] Has James dabbled in card counting?
[26:57] WSOP, Party Poker, and Project 150
[29:01] Cleveland Browns Super Bowl futures
[30:55] What other sports does James bet on?
[31:27] In-game NFL betting

SouthPointCasino.com 
VideoPoker.com
PartyPoker.com
Project150.org
Cisnevada.org

 The Logic of Sports Betting by Ed Miller and Matthew Davidow https://amzn.to/2MCLKgq