Ten Tax Tips for Gamblers and Poker Players

Taxes for gamblers is a complex area. There is no such thing as ‘one size fits all.’ Here, though, are my top ten tax tips for gamblers….

RUNNER-RUNNER - A hand made using both of the last two cards dealt.
BRODERICK CRAWFORD - In Hold'em, hole cards of 10-4. From the 1950s TV series "Highway Patrol", starring Broderick Crawford.
BIG BOBTAIL - An open-ended 4-card straight flush.
SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
OVERCALL - To call a bet after one or more players already called.
OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.

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