[vpFREE] Re: Bob Dancer 10/27/09 Column

--- In vpFREE@yahoogroups.com, "Cogno Scienti" <cognoscienti@...> wrote:
>
>
> > I've never been audited. But I sure wonder if it doesn't look
> > suspicious to report, say, $300K as gambling winnings and then later
> > itemize $300K as gambling losses. Even if those numbers are accurate
> > and substantiated.
> >
> > Does anyone know if there is a threshold in gambling winnings above
> > which suspicions are raised?
>
> Never had a problem with $10 million.

I think Cogno would agree that the more documentation you have that you are a professional gambler, the better it is to state your case to the IRS.

The one thing which does bother me about posting the weekly Dancer column, is why give a man who wants to be the ONLY video poker professional in the world, an audience on this board?

I have yet to see anyplace he's "consulted" at, where the VP ended up better than before he was employed there. And if you don't believe me, Google "Bob Dancer", "IGT" and "smart players", and see what you come up with.

In our business, which can be pretty cutthroat, there are many unwritten rules. When we're cutthroat, we're usually in the sense of burning down plays or getting to plays before someone else can. Bob's deal is to wise up the house, make himself more famous, and out stuff he would never consider playing (like that gas station play a couple of months back). Most of the really successful guys in this deal understand that it's the anonymity that gives you success in this business. Bob's got it backwards, his own ego gets in the way. I know quite a few egotistical pros...but they check that ego at the door before playing.

If Bob wants to work the casino side, that's fine with me, but this is a player's forum, not a slot suit's one.

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