My Poker Bankroll

poker win loss tracking

Description

It does not matter if you are playing Texas Hold'em, Omaha, Cash games, Tournaments, Stud or any other gambling game. You still need proper cash management even if you don't suffer from a gambling addiction. Gambling addiction is a very real and surprisingly common issue which ails many unfortunate people. To grow any sort of company and increase its profits, you have to have a clear understanding of where you make your profit and what accounts for your losses. Excel automatically; to do that you're going to need to put a formula into each field. CTRL-D (or use the "File" menu to select the option "Fill Down").This formula is a fancy way of doing this: Result/BB)/Hours). All the stuff in the middle is just to get the big blind (or big bet if you're playing limit) from the Limit field. This poker tracking software allows you to keep track of your wins and losses by loading all of the hand histories that are generated by the poker sites that you frequent. HUD, support for the poker rooms that you play at, computer resource requirements, and ongoing support from the developers. Something crazy like 95% of all online poker players lose money, so be thankful that you’re good enough to be in this elite group. It also does a few other things like: Find poker rooms, request poker room listing, results, editing and tracks tournaments and cash sessions. I didn’t found any link/review on my app (Poker Manager). It’s a tool to track your poker income just like “poker income” and “poker session logger” but with lots of features. HUD (Heads Up Display) is, it is a component of the popular poker tracking programs like Pokertracker 4 or Hold'em Manager 2. It allows you to display information on your opponents directly beside their name at the poker tables. This information is extracted by these programs from your own hand histories. And by this I simply mean that you were seated at the same table as them for 100 hands. Sure, if you played against somebody who is terrible at the game like me then you could probably still manage to get the win on most occasions. All a HUD really does is give you some extra options (information in this case) at the tables. You don't even have to pay much attention to it if you don't want to. In fact for people just starting out at the lowest stakes I recommend a very scaled down bare bones HUD so that they focus more on the fundamentals of the game instead. While it is true that the rules are the same just about everything else is different from the pace of the action to the ability to physically interact with your opponent. Now when I sit down to play poker on the internet my HUD is always fired up and ready to go with hesitation. It is not something that I even need to think about. A HUD is simply a key tool that all serious poker players use in today's games. Next I needed to pay my soon to be ex. About 60% of my estate went to her. That would make her half of the winning about $220,200.00. Of course the attorney's were thrilled about the big win. That gave them more to fight about. After much research and making inquiries she accurately concluded that the only way I could retrieve money back from the IRS was to have poker losses and use schedule A. That sucked big time. There were no loop holes. I trust her, but I decided to explore all the other options and see if there was something she was missing. I went to everyone that I knew that had won a poker tournament to get advice. There schemes and ill-advised plots are in this article. Even my own research would indicate that they were in dangerous territory. Form 1040, line 21. You deduct your gambling losses for the year on Schedule A (Form 1040), line 28. You cannot deduct gambling losses that are more than your winnings. You cannot reduce your gambling winnings by your gambling losses and report the difference. You must report the full amount of your winnings income and claim your losses (up to the amount of winnings) an itemized deduction. I paid $290,000.00 to the Federal Government after my win. Then I paid another $42,000.00 to the State of Oklahoma. That's 47.4% of my winnings. Because of my pending divorce and the uncertainty of the future, that amount is probably higher that normal. I lose. I love those odds. The only problem is that I'm playing looser at the table knowing I have the odds on my side. Go play all you can, because you cannot carry over poker losses from one year to the next. That's right. You could have lost millions of dollars the past few years, and then one $6,000.00 this year. You have to pay taxes on the six thousand and you cannot right off anything from the prior years. If you didn't keep good records and a diary of your losses this year, you won't be able to right those off either. Don't believe anyone that tells you that you can carry over the loses. Poker Championship. Three of the guys at the table were recent winners at the River Tournament at the Winstar Casino. The others guys at the table were also recent winners of tournaments. We were all experiencing the same information problem. We all shared information regarding the losses and wins and reporting. I had to do to find the answers to hundreds of questions. I'm not an accountant and this article should not be considered tax advice. This article is also not being written to help you illegally avoid taxes. While reading this article you may think that you have discovered several ways to show losses and avoid taxes. I would give you this advice. You won. Enjoy your winnings and don't do anything that would jeopardize an exciting event in your life. Keeping accurate records and maximize your losses. Gras Casino is committed to ensuring that this website is accessible to everyone. 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