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Forum: Beginners Questions 12-01-2007, 04:02 PM
Replies: 12
Views: 297
Posted By grapabo
Re: Is micro limit poker or just a crapshoot?

Someone can correct me if I'm wrong, but the biggest difficulty in micro limit is that it's hard to put a player on a hand because they will often play any two cards or overplay ridiculous hands, and...
Forum: News, Views, and Gossip 12-01-2007, 04:22 AM
Replies: 132
Views: 1,745
Posted By grapabo
Re: Luckyjimm busto

[ QUOTE ]
NOTE:Anyone who finds humor in the picture of disabled children posted is absolutely pathetic ,sick and the lowest form of human. You are making fun of a group of people who are completely...
Forum: Beginners Questions 11-21-2007, 09:45 PM
Replies: 4
Views: 60
Posted By grapabo
Re: Why need antes when we have blinds

Is the OP asking for a comparison of an opening pot of 4500 chips made up of, say, 1500 from the small blind and 3000 from the big blind, versus an opening pot of 4500 chips made up of 1000 from the...
Forum: Beginners Questions 11-19-2007, 04:54 PM
Replies: 14
Views: 139
Posted By grapabo
Re: Is this a \"bad beat\" or just poor playing ?

[ QUOTE ]
I thought 66 55 was a decent hand.

I guess any "flop pairs" always have the potential for a fullhouse, so should I really only be playing two pairs when I have two different hole...
Forum: Beginners Questions 11-19-2007, 11:57 AM
Replies: 14
Views: 139
Posted By grapabo
Re: Is this a \"bad beat\" or just poor playing ?

1. You don't need to show the results, unless you put it in a font color that hides it. The results won't make a good play bad, or a bad play good.

2. You have a relatively large stack, and you...
Forum: Poker Legislation 11-14-2007, 01:49 PM
Replies: 73
Views: 659
Posted By grapabo
Re: CNN Article putting Poker in a more positive light, highlighting s

There may be distinctions in the state law defining games of skill and games of chance, but in how many states does this make a difference? In Missouri, where I live, there is a statute defining...
Forum: Beginners Questions 11-11-2007, 07:12 PM
Replies: 14
Views: 180
Posted By grapabo
Re: Reverse Implies Odds

I thought reverse implied odds worked like this example:

-- You have A-7 suited heads up going to the flop.
-- Flop comes down with an Ace and two cards of your suit.
-- Opponent bets $40 into a...
Forum: Poker Legislation 11-11-2007, 01:59 PM
Replies: 4
Views: 48
Posted By grapabo
Re: 2 tax questions, tax software

The answer to the second question is no. You won't be able to use previous years' losses to offset later years' winnings. The tax code allows for certain types of excess losses to be carried over...
Forum: News, Views, and Gossip 10-19-2007, 08:52 PM
Replies: 19
Views: 285
Posted By grapabo
Re: IRS to poker winners: Pay up!

Russ Fox's post on this in Legislation (http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=12579264&an=0&page=0&gonew=1#UNREAD)
Forum: News, Views, and Gossip 10-19-2007, 06:34 PM
Replies: 19
Views: 285
Posted By grapabo
Re: IRS to poker winners: Pay up!

In general, non-pros can claim gambling losses up to their gambling winnings if they itemize, and pros can net their gambling wins by gambling losses as business income, without having to itemize...
Forum: News, Views, and Gossip 10-19-2007, 05:20 PM
Replies: 19
Views: 285
Posted By grapabo
Re: IRS to poker winners: Pay up!

Some of this is in fact new. Not on the obligation of players to report, but on tournament sponsors to report and possibly withhold taxes from winnings.

Link to IRS press release dated today...
Forum: Beginners Questions 10-18-2007, 12:08 AM
Replies: 8
Views: 67
Posted By grapabo
Re: Six Days of Chaos...What To Do?

Examine your hand history, if you haven't already, to determine whether this is just a bad run, or if you have real holes in your game that need fixing. This will be the least expensive way of...
Forum: Poker Legislation 10-15-2007, 11:02 PM
Replies: 38
Views: 294
Posted By grapabo
Re: I\'m in trouble

[ QUOTE ]
The state tax commission has a criminal investigation going on me. They have not told me all of the details, but I have found out that involves offshore gambling. How in the hell did...
Forum: Poker Legislation 10-01-2007, 07:44 PM
Replies: 180
Views: 1,314
Posted By grapabo
Re: Regulations are out - TREASURY PRESS RELEASE

[ QUOTE ]
US law works the other way around. We are also presumed innocent. An action has to be specifically prohibited or it is legal.

[/ QUOTE ]

A non-exempt transaction isn't...
Forum: Poker Legislation 10-01-2007, 06:35 PM
Replies: 180
Views: 1,314
Posted By grapabo
Re: Regulations are out - TREASURY PRESS RELEASE

If I'm reading this right, then this appears to be the setup of levels of enforcement:

1. All transactions are restricted unless there is an exemption.

2. If the transaction is exempt, then...
Forum: Poker Legislation 09-06-2007, 12:31 AM
Replies: 12
Views: 150
Posted By grapabo
Re: Poker, the IRS, Law, and Self Emp Tax

I seem to remember a post in this forum several months back, where he was a college student, reported a chunk of gambling winnings as "other income", i.e., not as self-employment income, and...
Forum: Poker Legislation 08-27-2007, 10:37 AM
Replies: 14
Views: 206
Posted By grapabo
Re: Great Boston Globe article today on gambling (KY race included)

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
"Why do state governments treat casinos and their would-be owners this way? It can't be from any inherent objections to gambling -- 42 states have government-run...
Forum: Poker Legislation 08-26-2007, 03:59 PM
Replies: 14
Views: 206
Posted By grapabo
Re: Great Boston Globe article today on gambling (KY race included)

[ QUOTE ]
"Why do state governments treat casinos and their would-be owners this way? It can't be from any inherent objections to gambling -- 42 states have government-run lotteries, with annual...
Forum: Poker Legislation 08-25-2007, 01:47 AM
Replies: 9
Views: 62
Posted By grapabo
Re: Vick and gambling

I don't know if this special insistence on him refusing to admit gambling translates to the legal issue of gambling in general. This may be particular to Vick because he's a professional athlete,...
Forum: Beginners Questions 07-14-2007, 01:10 PM
Replies: 406
Poll: Donkey Test
Views: 1,604
Posted By grapabo
Re: Question 23

I could fold this flush with no trouble, given the behavior on the turn and river. The min raise to fatten the pot and keep ops in could be done with him holding an ace of clubs and drawing to a nut...
Forum: Beginners Questions 07-13-2007, 01:03 AM
Replies: 9
Views: 100
Posted By grapabo
Re: Poker: Passion or Addiction?

Caveat: I'm not a pro by any means.

However, if you are considering taking this up as a long-term money-making enterprise, I would imagine you'll have to draw up the equivalent of a business...
Forum: Beginners Questions 07-13-2007, 12:54 AM
Replies: 406
Poll: Donkey Test
Views: 1,604
Posted By grapabo
Re: Question 21

On Q21, the thing I don't get is the min re-raise on the turn. If it's a given that you (the hero) is perceived as loose-passive, the min raise to $400 is consistent with that (though not advisable...
Forum: Tournament Circuit/WSOP 07-12-2007, 12:01 AM
Replies: 139
Views: 412
Posted By grapabo
Re: CBS columnist bashes gambling, WSOP

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Gambling, Poker, Drinking, Pot, Women, Cars, can ruin lives and so can many other things that most people enjoy reasonably. To say that you are a favorite to become a...
Forum: Tournament Circuit/WSOP 07-11-2007, 06:55 PM
Replies: 139
Views: 412
Posted By grapabo
Re: CBS columnist bashes gambling, WSOP

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Gambling, Poker, Drinking, Pot, Women, Cars, can ruin lives and so can many other things that most people enjoy reasonably. To say that you are a favorite to become a...
Forum: Tournament Circuit/WSOP 07-11-2007, 06:37 PM
Replies: 139
Views: 412
Posted By grapabo
Re: CBS columnist bashes gambling, WSOP

[ QUOTE ]
Gambling, Poker, Drinking, Pot, Women, Cars, can ruin lives and so can many other things that most people enjoy reasonably. To say that you are a favorite to become a degenerate with any...
Showing results 1 to 25 of 252

 
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