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Archive for August, 2009

Is online poker rigged or manipulated in any way?

August 30th, 2009
online poker
alfern73 asked:


Ive been playing online poker for years, I havent won any money, but again I havent lost any money either…I’ve been noticing certain patterns that these sites do that Im certain do not mimic real life situations…you have to be very observant to see them, suspicious….

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How to manage cash game bankroll for online poker?

August 30th, 2009
online poker
KGB asked:


I’m just wondering what anefficient bankroll management system is for online poker cash games..
-I multi-table between 8-12 tables for cash games short-handed (6max) tables with the max buy-in. I read and heard that you should keep at least 3x the max-buy in for each table (so for one table of like $3/6nl, you should have $1,800 just for that one table, 2 tables of $3/6 $5,400etc)..BUT, you shouldnt buy-in to a cash game with more than 5% of your total bankroll….So, with this being said, should you have a total bankroll of $14,400 to play like 8 tables of $3/6NL at 6max tables with each table having the max buy-in of $600?? <>
Should you have a total bankroll of like $288, 000 for a total of 8 tables playing $3/6NL 6max tables with each table with the $600 max buy-in and at least 3 buy-ins ($1800) for protection of each table??..because 5% of your total bankroll ($288, 000) is $14, 400, which is the total money for all 8 tables at play?
I mitesoundconfusingbutdoesanyoneunderstand
Well, I understand what a bankroll means, but by multi-tabling, I don’t want to risk my entire bankroll on the entire tables at play…I would like to have a comfortable amount of money in my balance that isn’t “in play” as a backup..in case if I run bad during a session and lose a few buy-ins on some tables..Also, I would like to not buy-in to a NL cash game with more than 5-10% of my bankroll (so for 3/6 NL 6Max, I would need at least $12k for only ONE table), but how would I go about doing this for multi-tabling like 8-12 tables and still keeping within that 5-10% bankroll range rule???
Thakns!

Content by. Online Dating

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do you have to report online poker earnings to the IRS?

August 30th, 2009
online poker
Jessica G asked:


Do you have to report your earnings from playing poker online to the IRS on your taxes?

If so, is there a designated amount that doesn’t need to be reported - and everything above that does?

If it matters by state - I am curious about California.

Also, the way the monies are received from the poker site are via check.
Please note, I am only asking about ONLINE poker wins. The payments have been received via a check from a third party.

Content by. Home Loan Refinance

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