Gambling and Money Issues

Posted on November 20, 2022 by Jon Lawrence

Of every five gambling addicts can quite simply stop gambling. Several people who give up gambling struggle a lot to get their financial affairs in order. Get some trusted assistance with managing money. An expert’s accounting opinion could be useful.

Advice on Managing your Finances

Your availability to cash should be restricted. Inform your loved ones of your plans and beg people not to loan you any cash. The salaries have been deposited into a certain account. A possibility is that a helper might be able to get paid.

Limit your money access

Do not even store a lot of money in your home. Bring no more money than you need for the next day’s costs. Utilize automatic teller machines to disburse a set weekly amount of cash. When anything changes, like a vacation or a new position, create new strategies to manage the financial flow.

Summary

Minimize your access to funds because most gambling addicts find it challenging to stop while the nightclub, TAB, or casino is operating when they have cash on hand.
Pay quite as many necessary payments on salary as you can, pay all the bills via debit card or check, and think about making some expenses in advance. Consult a financial consultant for guidance.

Speaking of Gambling Income in the Context of Circa’s NFL Pool

Posted on September 24, 2022 by Jon Lawrence

Sports betting is becoming a more popular hobby in the United States, as evidenced by statistics. Some people still do not understand the official tax regulations that apply to gambling.

Ermey Discusses Sports Gambling Pools

Ermey mentioned that certain sporting contests have enormous awards. He used the example of a current National Football League survival pool. The Circa Sportsbook in Las Vegas started the pool, which has a prize pool of over $6 million. The competition is structured each participant must pay $1,000 to take part.

Ermey Urged Gamblers to File their Taxes

Ermey is a finance expert and is aware that all sources of income must be disclosed. Ermey quoted Ray Kindler, a qualified chartered accountant with Kindler and Associates, LV, who claimed that even small revenues, such as the profits from sports betting pool among friends or coworkers, need to be reported.

Silver Lining

Ermey claims that there is a “silver lining,” though. Gamblers are permitted to recover their losses from taxes under US tax laws. As a result, a player that has a history of losing streaks may be able to reduce the taxes they must pay when they win a bet. Only losses that are sufficient to balance a player’s winnings may be subtracted. It is important for such a player to maintain a separate bank account of their victories and losses, per Kondler’s advice.

Tips To Save Your Money While Gambling

Posted on June 15, 2022 by Slade River

Online casinos and betting are gaining popularity at an alarming rate. This may be because the Internet has made it easier for people to gamble from the comfort of their homes. With the availability of online gambling, people are gambling more than ever before, causing a rise in addiction rates. Gambling can be an exciting way to spend your free time, but it can also be costly. To make sure you don’t overspend here are a few tips for you to follow.

Tips to avoid losing all your funds while gambling:

1) Remember the house always has an advantage

The house has many advantages when gambling. This means that people who bet on the casino games like blackjack or roulette will lose their money in the long run.

2) Know your limits

Gamblers must know how much they are willing to spend before playing. Avoid going over that limit at all costs because it will only lead to more debt and problems in your life.

3) Make responsible bets

If you need help deciding what bets look like responsible ones, get some help from

Indeed, the majority of gamblers are not good at it. However, you can learn how to gamble responsibly, and this article will provide you with some tips to save your money while gambling.

If you are a newbie gambler, then start small. For example, bet on card game rather than slots or poker. Always make sure that you have enough cash to cover your losses. Keep in mind that cards do not often go “wild” as in online poker games and blackjack games that are played on a computer screen.

Tips and tricks to save money while gambling online:

1. Play at the right casino

Play at the right casino if you are unsure which one is good, research and find out what other players think about it.

2. Set a firm budget

Setting a budget for how much money you will spend will help you stay on track with your spending and prevent impulse buys that can cost you a lot of money in the long run. If there happens to be an event in which the match leads up to more bets, don’t forget about your budget before betting more than you planned

The introduction should discuss the different techniques that can be used to save money while gambling.
It is well-known that gambling is an expensive hobby, but there are ways to enjoy it more and spend less. For example, buy chips in bulk, use the free bets offered by casinos, and make sensible bets with a bankroll management plan you set up before you start gambling.