Re: How will part-time players survive a regulated poker site?
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Do i submit my poker tracker database and show that i have joined about 5000 different online poker tables in 2007 with 3000 winning sessions and 2000 losing sessions, and then do i report that i played 1000 tournaments and lost 200k playing them, but at the same time won 265k playing them, utterly ridiculous guys
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Why? Seems simple enough to me.
First off, most players don't NEED to submit the data, you need to report the gross wins and the gross losses.
Only if audited, or otherwise requested by the IRS or state tax agencies, will non-pros have to provide individual session records.
But, you keep reporting a net gambling win without any gambling losses and see how that works for you. Just don't ever have a losing year....
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