Our brand new product, Live Dealer, has launched at Bovada, so you can now experience the thrill and excitement of the Las Vegas Strip without leaving your couch.
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With real life, beautiful and professional dealers, Live Dealer transforms some of your favorite online table games into the kind of interactive casino experience that you can only find in a Las Vegas casino.
Here’s just some of the highlights you can look forward playing Live Dealer at Bovada, the most trusted online casino in the business:
Wiz I thought you might be interested since you recommend Bovada. I have observed a consistent misdeal across multiple dealers and sessions in one particular instance whereby dealer fails to draw a 3rd card to a 2 card banker total of 6 when player's 3rd card is 6 or 7. Gambling should be entertaining. Remember that you always risk losing the money you bet, so do not spend more than you can afford to lose. If you think you may have a problem, click here.
Live Game Tables
It’s 24/7 Vegas, baby. You’ll get the full VIP treatment as the real life dealers greet you by name as you take your seat at the table. From there, the game is streamed live and you can place your bets and play your hand, getting to know the dealers by chatting to them in real time.
It’s fast, it’s exciting and it’s a live casino experience that you need to see to believe. You can hit up a Blackjack, Baccarat and American or European Roulette table and discover that Vegas can be wherever you are.
Back Betting- A New Way to Play Blackjack
No vacancies at your favorite dealer’s table or simply looking for a new way to get a piece of the action? Place a Back Bet, the wager that allows you to bet on another player’s hand in Blackjack. You’ll be able to bet on the fortunes of the player, but beware – you won’t be able to call the shots, so find a someone who’s running hot and ride their luck all the way to the bank.
Play Live Super 6
Also known as ‘No Commission Baccarat’ in some circles, Live Super 6 is a variation on the classic Baccarat game that you know and love. In this version, both Player and Banker pay even money (1:1), except when the Banker wins with 6 – it pays 50% of the bet (1:2). A Tie bet also pays 8:1.
Side Bets
We’re dialling up the excitement on some of the games you know and love, and with that comes Side Bets, the wager type that allows you to play a game within the game.
In Blackjack, it’s no longer just a race to 21. Players can place either a Pairs Side Bet or a Rummy Side Bet.
Pairs and Side Bets
Players are able to bet their first two cards will be a pair. If you get dealt two of a kind, you win. It couldn’t be any easier.
Rummy Side Bets
Players are able to to bet that their first two cards plus the Dealer’s up card are a Rummy. A winning Rummy hand is either three cards of the same rank, three cards of the same suit or a three card straight.
For Live Super 6, a side bet is offered as insurance to a Banker 6 win. The Banker wins with a score of six and the side bet pays out 12:1 if it hits.
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BatMann
Hi guys, this just happened, I won ~$10000 on Bovada slots (Good girl bad girl) and i'm paranoid about tax issues. I really don't want to pay as I feel like something like this shouldn't be taxable to begin with. All it shows is a lack of understanding of EV on the IRS part, or greed, or both.
Any advices?
Any advices?
AxiomOfChoice
Hi guys, this just happened, I won ~$10000 on Bovada slots (Good girl bad girl) and i'm paranoid about tax issues. I really don't want to pay as I feel like something like this shouldn't be taxable to begin with. All it shows is a lack of understanding of EV on the IRS part, or greed, or both.
Any advices?
Any advices?
I advise you to pay your taxes. I'm guessing that a judge will not be sympathetic to the 'I really didn't want to pay' defense.
However, should it work, let me know, because it turns out that I really don't want to pay my taxes either. What a coincidence! We have so much in common.
GWAE
Hi guys, this just happened, I won ~$10000 on Bovada slots (Good girl bad girl) and i'm paranoid about tax issues. I really don't want to pay as I feel like something like this shouldn't be taxable to begin with. All it shows is a lack of understanding of EV on the IRS part, or greed, or both.
Any advices?
Any advices?
my advice would be; don't ask questions on a public forum on how to commit fraud.
If you would like to not pay taxes then I would suggest losing it all back to them. problem solved.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
MrV
Itemize.
Keep proper track of winnings and losses.
Write off losses against winnings: report winnings on Form1040, line 21, and losses on Schedule A, line 28.
Keep proper track of winnings and losses.
Write off losses against winnings: report winnings on Form1040, line 21, and losses on Schedule A, line 28.
BatMann
But guys, this is online gambling. It's illegal to begin with, if I do report it that's like saying 'hey look at me, I gambled online and I knew it was illegal, come confiscate my $10k'
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
AxiomOfChoice
But guys, this is online gambling. It's illegal to begin with, if I do report it that's like saying 'hey look at me, I gambled online and I knew it was illegal, come confiscate my $10k'
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
There are certainly no federal laws against online gambling. Are you in a state that specifically makes online gambling a felony? Are there any other than WA that do?
Regardless, I don't think that the 'my earnings were illegal and therefore not taxable' defense will be much more successful than the 'I really didn't want to pay' defense. But then, I'm no lawyer. It certainly didn't work for Al Capone, though. Also, money earned through illegal means is taxable (I think that there's even a separate line item for it on the tax form?) However, these are not illegal. Just report them as gambling winnings.
Your $10k will not get confiscated. You will just pay taxes on your winnings (just like everyone else has to) and keep the rest (just like everyone else gets to). Don't forget to write off any losses. Get an accountant to do your taxes if you are confused.
As for how they will find out...
1. Just because they don't provide info to government agencies NOW doesn't mean that they won't at some point in the future through some deal with the US government. This is what happened with the Swiss banks. Perhaps they would offer some amnesty to people who 'fess up, perhaps not.
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2. If $10k is a significant amount of money (compared to your usual income) and you get audited you are f***ed. It is hard to hide $10k when you make $40k per year.
3. Large transactions tend to get reported, whether you know about it or not. CTRs, SARs, etc. Your bank has an obligation to do this.
You gambled. You won. Pay your taxes and be happy that you are ahead, which is more than 99.999% of gamblers can say. If you want to gamble more, do it against a casino, not the IRS. Filing a fraudulent return is serious business.
BatMann
There are certainly no federal laws against online gambling. Are you in a state that specifically makes online gambling a felony? Are there any other than WA that do?
Regardless, I don't think that the 'my earnings were illegal and therefore not taxable' defense will be much more successful than the 'I really didn't want to pay' defense. But then, I'm no lawyer. It certainly didn't work for Al Capone, though. Also, money earned through illegal means is taxable (I think that there's even a separate line item for it on the tax form?) However, these are not illegal. Just report them as gambling winnings.
Your $10k will not get confiscated. You will just pay taxes on your winnings (just like everyone else has to) and keep the rest (just like everyone else gets to). Don't forget to write off any losses. Get an accountant to do your taxes if you are confused.
As for how they will find out...
1. Just because they don't provide info to government agencies NOW doesn't mean that they won't at some point in the future through some deal with the US government. This is what happened with the Swiss banks. Perhaps they would offer some amnesty to people who 'fess up, perhaps not.
2. If $10k is a significant amount of money (compared to your usual income) and you get audited you are f***ed. It is hard to hide $10k when you make $40k per year.
3. Large transactions tend to get reported, whether you know about it or not. CTRs, SARs, etc. Your bank has an obligation to do this.
You gambled. You won. Pay your taxes and be happy that you are ahead, which is more than 99.999% of gamblers can say. If you want to gamble more, do it against a casino, not the IRS. Filing a fraudulent return is serious business.
Regardless, I don't think that the 'my earnings were illegal and therefore not taxable' defense will be much more successful than the 'I really didn't want to pay' defense. But then, I'm no lawyer. It certainly didn't work for Al Capone, though. Also, money earned through illegal means is taxable (I think that there's even a separate line item for it on the tax form?) However, these are not illegal. Just report them as gambling winnings.
Your $10k will not get confiscated. You will just pay taxes on your winnings (just like everyone else has to) and keep the rest (just like everyone else gets to). Don't forget to write off any losses. Get an accountant to do your taxes if you are confused.
As for how they will find out...
1. Just because they don't provide info to government agencies NOW doesn't mean that they won't at some point in the future through some deal with the US government. This is what happened with the Swiss banks. Perhaps they would offer some amnesty to people who 'fess up, perhaps not.
2. If $10k is a significant amount of money (compared to your usual income) and you get audited you are f***ed. It is hard to hide $10k when you make $40k per year.
3. Large transactions tend to get reported, whether you know about it or not. CTRs, SARs, etc. Your bank has an obligation to do this.
You gambled. You won. Pay your taxes and be happy that you are ahead, which is more than 99.999% of gamblers can say. If you want to gamble more, do it against a casino, not the IRS. Filing a fraudulent return is serious business.
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Urgh... I make $0 a year outside of gambling. Last year I applied for welfare and didn't get it and i was pissed enough as it is. Now they want me to pay for other people's welfare? no thanks...
And how much taxes are we talking about? 10%? 30%? 50?% 90%?
GWAE
Urgh... I make $0 a year outside of gambling. Last year I applied for welfare and didn't get it and i was pissed enough as it is. Now they want me to pay for other people's welfare? no thanks...
And how much taxes are we talking about? 10%? 30%? 50?% 90%?
And how much taxes are we talking about? 10%? 30%? 50?% 90%?
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If at the end of the year your only income is 10k then it would be 10-15% but then you would qualify for EIC so you would probably get most of that back.Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
CrystalMath
If at the end of the year your only income is 10k then it would be 10-15% but then you would qualify for EIC so you would probably get most of that back.
If their earned income is $0, they will not qualify for the EITC.
But, if this is your only income, you won't owe anything because you get a standard deduction of $6200 and a personal exemption of $3950 (assuming you are single and nobody else can claim you as a dependent).
I heart Crystal Math.
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sabre
But guys, this is online gambling. It's illegal to begin with, if I do report it that's like saying 'hey look at me, I gambled online and I knew it was illegal, come confiscate my $10k'
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
also bovada stated in their terms and conditions that they do not share information with government agencies. so how would they even know I won so much?
I have also previously cashed out small amounts without being asked where the money came from. What would make 10k different?
If you want to cheat on your taxes, then go ahead. But don't come onto a forum with your absurd rationalizations.
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