Qualities Of A Good Casino Gambling Site

With numerous casino gambling websites, it is easy to find one to play and bet on. The downside is, the number makes it hard to spot the real deal among other casinos. Here is a guide to help you find and hit on the best possible casino gambling website in the Internet.

A telltale sign that the casino site is serious about providing quality casino gambling services is its choice of software provider. Brand name casino software providers don’t come cheap so having these kind of software in its site indicates that the site is bent on operating a good casino. Brand names that are known to produce good software include Boss Media, Microgaming, Cryptologic, RTG, Playtech, and Net Entertainment. Customer support is also a good indicator of a site’s quality. Good sites usually post many options or ways to contact the casino operators. Popular methods include 24-hr telephone support, live chat tech support, and email. The more options the casino offers, the better. But don’t be fooled — test these communication methods and wait for the casino’s response. In this case, a helpful and quick response is a good sign.

To get the partial measure of the casino, look into casino forums. This is where casino players bitch about their casinos, their winnings, losses, and other information you won’t get in the casino site’s FAQ page. Post a question about your casino and somebody will surely react and reply. But keep in mind to read the other posts first; forum people usually forego questions which have been discussed before. Reading reviews is also a good option. This way you get objective reviews from other experienced casino players who know the real deal about casino gambling.

Of course, your satisfaction is a key element in playing casino. Try a few free games or download a trial software. If slow connection time bugs you, ditch that particular casino. You can’t play a good game if something about your software bugs you. There are different online casino looks from the intensely graphic to the “cartoony”. Choose the one you’re most comfortable in and you’re sure to have a good time casino gambling. It is also important to be clear about the conditions and terms of play. Sometimes, casinos offer different bonuses but slow cash outs. With the additional conditions, a good deal ends up worse. You better contact the casino’s service support and inform them that you do not want to avail of their bonuses.

Finding out what games the casino has to offer is a wise move. Even if the casino has outstanding service or design, it is useless if you do not know the games it offers. You play casino games for fun, but also to win. Find a casino the offers the best pay-outs schemes so you can collect your winnings in the most efficient way possible. Casino gambling is a game of chance as much as skill. Finding a good casino is almost like winning the jackpot so take your time surfing until the right combination comes.

Taxes on Your Gambling Winnings – You Owe Uncle Sam a Piece No Matter How Much You Won

When you’re gambling at a casino, you may win a few bucks here and there and leave with more dollars than you brought with you. It may be as little as $20, or as much as $1,000. When cashing out you were never presented you with a form to declare your winnings to the IRS. If you think you’re home free, think again. As a U.S. citizen, you owe Uncle Sam a piece of the action regardless of the amount. Many players think that just because they were not given a tax form there’re home free. Not so.

So, what does get reported to the IRS? Larger amounts that are won at gambling establishments such as casinos, lottery retailers, horse race tracks and off-track betting parlors. They will issue a form W-2G, one copy to you and one to the IRS. Here are some details:

Machine Games

$1,200 or more won at a slot machine, video poker, video keno, video blackjack, etc. This only applies to a single jackpot payout amount. Accumulated credits are credit meter wins and do not count.

$1,200 or more won at a live bingo game will also trigger a W-2G, and $1,500 or more at a live keno game (minus your wager amounts).

The casino will not withhold any gambling taxes from awards in the $1,200 to $1,500 range provided you present a valid photo ID and social security number. If you do not provide this information, 28% will be withheld.

Live Table Games

Winnings from live table games are not reportable on a W-2G, except if there is a very large prize amount offered for a small wager, such as a dollar bet for a shot at a progressive table jackpot, where the winning odds are over 300/1 and the win is more than $600. For example, Caribbean Stud offers a huge progressive jackpot for wagering only $1, if you’re lucky enough to hit a Royal Flush.

If you win $600 or more in any other wagering game, such as horse, dog racing or sports betting, and the amount is at least 300 times your bet minus your wager amount, the establishment will gift you with a W-2G. If your winnings exceed $5,000 and the amount is more than 300 times your bet, 25% will be withheld. The same withholding percentage also applies to any cash prize of $5,000 or more in poker or other card tournaments minus the buy-in amount.

Winnings on state lottery games such as lotto, numbers, scratch-offs, etc. can be collected at your local retailer up to $600. Any more and you’ll have to visit the main lottery office in your community, where a W-2G also awaits you. This information is from the New York lottery. Other states may have different rules.

Winnings on Daily Fantasy Sports (DFS) contests at this time are considered games of skill. DFS sites will issue a 1099-MISC, not a W-2G for winnings of $600 or more.

Video Lottery Terminals (VLT)

$600 or more in winnings from any class II ​Video Lottery Terminal game will also invite a W-2G. This includes any winnings on machines at jurisdictions that are operated by a state lottery. For example, New York State has nine race tracks with VLT’s that are pseudo slot and video poker machines.

Deductions

The good news in all of this is that gambling losses are tax deductible but only up to the amount of your winnings, and only if you itemize deductions on your tax return.

The IRS wants to make sure that you indeed lost what you claim you lost, so a record of all your losses is required. Win- loss statements are available from most major casinos at the end of the year, provided you used your player’s club card when playing machines. Save those losing scratch-off tickets, Lotto, Powerball, and Mega-Millions tickets, daily numbers, Quick Draw, OTB, etc.

For losses on Daily Fantasy Sports contests, the IRS position at this time is unclear. Because of the skill factor, your winnings are in the hobby category. Therefore, any losses would not be deductible, although this situation could change at any time.

You don’t have to record the tickets on your tax statement, but they may be necessary if you are audited. All the IRS wants to know is the type of wager, the amount of the bet and the date of the transaction.

Always play it safe and check with your tax preparer for your personal needs.

Beginner’s Guide to Online Casino Gambling

Unarguably Internet is the buzz word today, be it shopping, searching for information, or casino gambling. Internet casino gambling is now a several billion dollar industry and is continuously growing globally at an incredible rate. More and more people gamble at online casinos, for the advantages that they offer. It is highly convenient and satisfying to sit in front of the computer, and enjoy online casino gambling and win real cash without wasting gasoline to reach the casino. Also, no one can force you to wager more money, when you don’t feel like playing. The online casino gambling sites around the world allow you to play your favorite casino-style games like roulette, online poker, blackjack, casino slots, crap, etc. with the convenience of sitting at home. To understand online casino gambling better, read the following beginner’s guide to online casino gambling:

Selecting Reliable Online Casino: Biggest myth about Internet casinos is that they are considered illegal and unauthorized which is so untrue. Most of the online casinos are licensed and deal in fair online gaming. To select a reliable online casino gaming site it is very essential to check the credibility and affiliated websites. Register only with licensed gambling websites that assure fair gaming options.

Selecting Casino Games: Various casino games are Blackjack, Roulette, Crap, Slots, Poker, Baccarat, and Keno Fun Games. You can select the casino game according to your skills, choice, knowledge, etc. Make sure you know the rules of the game you would like to play online. Also, some websites offer tips and strategies to help you win and play better. You can also read some good casino gambling books to learn the basics of casino gambling.

Choose Casino with the Best Bonus System: Bonuses are usually given to the gambling beginners, when they sign up with a casino or poker room. Generally, online casinos offer sign up bonuses, no deposit, and free slots bonuses. They also offer refresh and loyalty bonuses to the existing players. The beginners must review various bonuses given by various sites to find the best bonuses available. The best bonuses are the ones with low wager requirements.

What are the Basic Requirements for Casino Gambling: The first requirement is visiting the casino website and downloading their software. The next step is to set up an account, where the gambler will deposit money for betting. The amount that you deposit is entirely upto you and will be used to buy chips for online wagering. At times, online casinos also provide services for depositing money and bonuses for getting started. The information that you provide to the online casinos is encrypted for security reasons, so complete the formalities and start enjoying the game.

At TheUltimateGambler.com, you can find entire information about casino gambling types, rules, tips and strategies, casino promotions, etc. Here you can find FREE gambling guide, free bets, promotions, and complete gambling information to give you a better understanding of your favorite betting game and help you play better. Visit www.theultimategambler.com for more information.