How to Gamble for a Living
Posted by admin in Roulette on 07 30th, 2010 | 10 responses
An overview “tutorial”-type talk on the basic essential aspects of gambling for a living. This was originally a talk given to high school students interested in math and engineering. The author and speaker is Aseem Kishore, a student at MIT.
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now we know that your talking about gambling for a living but i have 1 questions for you. do you gamble for a living cause it looks too me that you don`t
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He never said anything about Martingale or progressive betting systems. He was proposing flat betting every “flip” as you’re statistically guaranteed to make money with an edge over time.
probabally works for a casino, hee hee
he is talking about a martingale system
that was his first bad idea.
telling people they need massive bank in order to make money is another bad one.
I do gamble for a living. I pay no Taxes on my Table Winnings. You are only TAXED on Slot Payoffs of $1200.00 or more.
Need to eat a drink first
I can’t play for a living then, I can only risk a £10
In the US Gambling winnings are taxed. Big wins are taxed on the spot. In Canada, anything considered a “game of chance” is not taxed.
Do professional gamblers have to pay taxes. Do they put professional gambler when they fill out applications for credit or to buy a care. Do they set-up their own 401k plan, medical and dental plan?