What records should I keep when playing NFEMHEM at B&M?

big_d_awg · #1 07-25-2006, 10:01 PM

Should I keep records playing No Foldem Holdem?
If so what should I keep track of?

Thanks for any help.

Gregatron · #2 07-25-2006, 10:03 PM

Keeping track of session wins and losses for tax purposes is advisable. Some people keep a little notebook of hands, notes, etc. Not sure what you are asking here.

big_d_awg · #3 07-25-2006, 10:16 PM

Sorry I should have been more specific. I am use to playing online and everything is kept for you. I have started playing live more because I enjoy it more. So now I am not sure what I should keep track off. Especially when it comes to finding out where I might have leaks and where I may have made mistakes.

ArtMonkRules · #4 07-26-2006, 01:50 AM

Isnt this the wrong forum for this?

Percula · #5 07-26-2006, 01:07 PM

From what I have read on this forum...

1) Track your sessions, win/loss. My understanding is that the IRS defines a session as a limit. So for example you are playing 3/6LHE and table change to 4/8LHE that is the start of a new session. But if you play 3/6LHE at 5 different tables, it's the same session.

2) If you are ever thinking of filing under schedule C, I would also track tips, mileage, food and anything else you spend money as a part of the poker business.