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If you're doing well enough at cards or gambling to consider going professional, or perhaps you already are a professional gambler - congratulations; you're living the dream. Now you need consult a reliable accountant. Why? One reason is that you may need an accountant to take care of any tax payments due on your gambling income. Also, when you become self-employed, having an accountant gives you a lot of peace of mind. Remember - tax regulations for professional gamblers vary from country to country. The only guaranteed source of official and correct information is your national tax authority. Online Versus Offline Gambling Income Many professional gamblers, such as pro poker players, make a living by playing on and offline. Therefore for tax purposes there may be no distinction between income made by playing online poker or money you make playing at a real-life table in a tournament. Again, this is something your accountant would be responsible for determining in accordance with the tax laws in your country. Tax on Winnings It appears that some countries make a distinction between gambling winnings and income through your role as a professional gambler. If the difference seems blurry, that's because it is. In the UK for example, gambling itself is not considered a trade or business. Therefore the money you win at the end of a night of online poker may well not be subject to tax. However, UK law also indicates that decisions on tax payments for professional gamblers might be made based on the individual circumstances of each player. Therefore there may be different tax outcomes when the rules are applied to different gamblers. Tax on Gambling-Related Income The idea of gambling-related income applies mainly to pro poker players, for example, who make money through celebrity appearances at events or on TV. This type of activity in relation to gambling is more likely to be considered a trade or business, and money made this way may be taxed. Once again, we can't stress enough how important it is to consult a qualified accountant and/or your national tax authorities.
The 2012 United States Presidential Elections will take place in two weeks from now, on November 6. The once-in-four years event is shaping up as a particularly close contest, making it of particular interest for online sportsbooks and betting enthusiasts. Elections Preview President Barack Obama scored a clear victory over Republican challenger Mitt Romney in the final presidential debate on foreign policy on Monday night, according to various polls, but overall the polls still show Obama with only a slight lead as the two men head into the home straight. There is also little separating the vice-presidential candidates. On Obama's side, Joe Biden is well known to the American public, having already served as his VP for the past four years. At Romney's side stands nominee Paul Ryan, currently a representative for Wisconsin's first congressional district. Gambling on Politics All the leading online sportsbooks are good at what they do because they offer more than just sports events. Online gamblers are not all the same, which is why in addition to odds on football, baseball, tennis and all the rest, there are also odds on TV shows, awards specials, and of course politics. US politics is always in the spotlight, and as a result there is always a focus on it at bookmakers around the world. Leading bookies reported high interest at the previous American elections, and with this contest shaping as a close one this year should be no different. Presidential Elections Odds Betfair has already taken almost GBP 10 million on US Election betting, and you can join in the fun, by placing a wager on either Obama or Romney. Currently, the president is in control with odds of 1.5, compared to his rival from Massachusetts who is reporting underdog odds of 3.1 Over at Ladbrokes, the situation is similar. Obama is a 2/5 favorite, compared to Romney, who is 15/8. But there are more reasons to vote at Ladbrokes than merely turning up and placing a bet on which of the two you think will win a seat in the White House for the next four years. Ladbrokes is offering a host of betting options on questions such as Romney winning a majority of the 50 states, which he could do and still end up losing the election, thanks to the Electoral College system. In addition, check out their Battleground Blitz on which will be the first state on a list for Romney to win, Electoral College votes betting, and "Vote Winner, Election Loser," which is quoting 7/1 odds.The betting odds at William Hill Sports, meanwhile, look as follows: Online Gambling Not Being Discussed Several US states, including California and Nevada, have moved ahead with their own Internet gambling legislation since the Department of Justice's ruling earlier this year that certain forms of in-state online poker do not violate federal bans on online gambling. Unfortunately for proponents of legalized online gambling at a federal level, the issue simply has not been discussed during the much-hyped presidential debates. Although gambling is not a simple issue of right and left, most experts believe that there are more Democratic policymakers in favour of federal government regulation than there are Republicans. Nonetheless, there is some support on both sides, and given Obama and Romney's (perhaps deliberate) ambiguity on the matter, there is still hope that either candidate will deliver once they are safely in the White House.
William Hill is considering activating a call option for Playtech's 29 percent shareholding of joint venture William Hill Online, in a move that would see the British betting operator take over full control of the web division. Latest William Hill Online Developments William Hill has until November to activate its call option for Playtech's share, in a move that experts estimate will be worth anywhere between £300 million to £500 million. Both sides must appoint a bank to decide on a price, and a third party will be called in only if there is a significant gap between their respective evaluations. In a busy week for William Hill Online, the company announced that Henry Birch would step down as CEO effective immediately, to be replaced in day-to-day operations by current managing director Andrew Lee. The company said that it parted company with Birch by mutual consent. Turbulent Times Between Online Gaming Partners Hill's announcement last week continues the division between it and Playtech. WH is seeking to end Playtech's veto over new acquisitions, and has been trying for some time to receive a commitment from the gambling software developer not to work with Ladbrokes - Hill's main British gambling rival. Earlier this year, William Hill applied for an interim injunction to stop Playtech from selling its share in WHO. Later on William Hill Online as forced to withdraw from a deal to purchase mobile betting operator Probability, after Playtech opposed the sale and imposed its veto. Profits continue for gambling operations Also last week, William Hill announced a 26% year-on-year increase in operating profit in the third quarter, thanks mainly to a big summer of sport including the 2012 London Olympic Games and Euro 2012. The online division's operating profits boomed the most, rising 42% during the aforementioned three-month period.
The Detroit Tigers are all set to face the San Francisco Giants in a best-of-seven World Series to decide the champion of Major League Baseball. Fortunately for online betting, the sportsbooks are there will all the odds. World Series Preview The San Francisco Giants will have home advantage in the series, thanks to the National League's 8-0 defeat of the American League in the All Star game. The Giants finished the regular season 94-68 to win the NL West title, and fought back from 3-1 down to defeat the St. Louis Cardinals in the NLCS. Detroit finished with six wins less in the regular season than their World Series opponents, but have clearly been the stars of the post-season to this stage, destroying the powerful New York Yankees in a 4-0 sweep to claim the title of American League Champion. Championship Betting Despite the Giants' superior record and home ground advantage, most Vegas and online bookmakers actually have Detroit starting favorite for the series, thanks mainly to the Tigers' superb form throughout the past month.William Hill is offering wagers on World Series Outright, with Detroit at 4/7, and SF at 6/4. Likewise, 888sports has installed Detroit as initial favorite, quoting 8/13 on the Tigers and 11/8 on the Giants. Regardless, this is shaping up as a close contest and one that all baseball fans should be watching.
The state of the online gambling industry is as strong as ever, as shown by leading operator 888 Holdings' strong financial results for the third quarter. 888 Keeps Growing888 revealed a 7 percent year-on-year increase in revenue to $92 million in the third quarter. Group revenue reached $278 million in the first three quarters of 2012, an increase of 16% over the corresponding period the previous year. Growth was spurred by a 24% increase in customer base to 12.5 million people. 888 Poker was the other big money earner, with revenue up 21% to $18 million in the third quarter, and the number of active poker players increasing by 14% to a healthy 349,000. Poker revenue was up 50% in the first nine months of the year. 888 Freeroll Frenzy 888poker customers have no doubt been attracted to the site because of its constant promotions, the latest of which is the October Freeroll Frenzy - with up to $10,000 worth of prizes on a daily basis, or more than $300,000 for the entire month. For those still yet to sign up, register to 888poker today to receive two free tickets to the Freeroll Frenzy tournament and a welcome bonus of $12 (or currency equivalent). Make a minimum deposit of $10 to receive another five free tickets to this poker extravaganza.
Microgaming is the largest online gaming software provider in the world and has recently announced an agreement with NBCUniversal to make a video slot game that is inspired by the hit show Battlestar Galactica. Battlestar Galactica is one of the most celebrated television shows in the world and reached over 14 million worldwide viewers during its last season.The television show follows the story of the last traces of humankind who are searching for a new home while attempting to evade their vicious enemies - the Cylons. Battlestar Galactica captured the intrigue and imagination of millions all over the globe. This 3-time Emmy-award winning series sparked a wave of interest among fans. Microgaming's Rendition of Battlestar Galactica Universal Cable Productions produced Battlestar Galactica which aired from 2004 to 2009 for 4 seasons on the SyFy network. This captivating story won the hearts of millions and told a riveting story of humanity's struggle for survival. Battlestar Galactica has worldwide appeal because of its harsh actuality, an incredible assemblage of actors and its intriguing storyline. The combination of this widely successful television series and the top-quality Microgaming software will no doubt result in an incredibly successful video slot game. The Microgaming and NBC Universal Agreement Microgaming CEO, Roger Raatgever said he is very excited to make a video slot game that is innovative, sophisticated and based on one of the most loved television series of this generation. Raatgever says he is committed to creating a game that is true to the essence of the Battlestar Galactica series in order to push the game beyond the expectations of both players and fans of the series. Microgaming is dedicated to using its acclaimed gaming software and expertise to create a game that is just as popular as the show. The game will be made available at all leading Microgaming casinos.NBC Universal Director of Global Consumer Products, Christopher Lucero says they are thrilled to team up with Microgaming to create a Battlestar Galactica video slot game. Lucero says he is certain that Microgaming can portray all the excitement of Battlestar Galactica with the thrilling allure of online gaming. Lucero believes that this agreement will produce a fantastic extension of the Battlestar Galactica brand for gaming enthusiasts and fans all over the globe. This much-anticipated video slot game is set to be released this year.
All Slots Casino, one of the most popular online casinos for slots, card games and other gambling action, recently launched a site for Swedish players - complete with everything locals are looking for in their gaming platform. All Slots Casino All Slots Casino is an industry leader in games selection, commitment to responsible gambling and development of new technologies. Powered by software giant Microgaming, it offers more than 400 download and 140 flash games to millions of online gamers from around the world. As the name suggests, online video slots are this casino's specialty, but that is not all that it offers. Customers of All Slots enjoy access to a whole range of games, plus constant promos, great payout percentages, and the benefits of being part of one of the best loyalty programs on the web. Swedish Casino Version Now, for the first time, Swedish online casino patrons can enjoy all the fun of All Slots Casino with the comfort of being able to play in the Swedish language, and have all their queries answered by Swedish-speaking customer service staff. A number of the deposit and withdrawal payment methods feature Swedish kronas as an option. Use Visa, Neteller, Skrill, Nordea, Ukash, Paysafe Card, Click2Pay, Eco, Las Mer, or Direct Bank Transfer using your SEK funds.
William Hill paid out seven figures to punters following a weekend in which almost all the English Premier League favorites won, but avoided an even bigger payout as Arsenal slumped to battlers Norwich. Bookies Dodge Payout The leading British betting operator avoided a seven-figure payout as Arsenal continued their disastrous start to the season by slumping to Norwich. After the favourites won in seven other Premier League matches on the weekend, the Gunners blew a golden chance to become number eight. "We obviously had large payouts as the three o'clock matches finished, but the Arsenal match was the big one," William Hill spokesman Joe Crilly said. He added that the number of accumulators running onto Arsenal was "ridiculous," and while Hill had lost over the entire day, it would have been worse if not for Norwich. Premier League Odds Manchester City remains William Hill's odds leaders in the Premier League title betting, commanding 7/4 odds. The four other realistic contenders in odds terms are Man Utd, 2/1, Chelsea, 11/4, Arsenal, 12/1, and Tottenham, 50/1. Norwich eased slightly to 8/11 in the relegation battle, with Reading, 8/11, and Southampton, 5/6, considered the other likely contenders. Of the two unbeaten teams, Chelsea are 4/9 favorites to lose first, while premiership favourite Man City is 13/8. Chelsea is 10/1 to go unbeaten and Man City is 8/1 to achieve the feat.
The iGB Affiliate Awards will be holding its sixth annual event during the London Affiliate Conference on February 8, 2013, and nominations have already been opened for existing categories and a host of new awards categories too. Nominate Before Deadline Nominations for the prestigious awards night will close on November 9, which means all those who work in the iGaming affiliate industry have more than two weeks to enter the awards on their own or on behalf of their organisations or a third party individual or organisation. A number of improvements have been made to the upcoming awards, including the addition of several new categories. This year industry players will be recognized for being the most improved affiliate program, financial affiliate, financial affiliate program, and best financial affiliate manager. Prestigious Annual Event Last year saw more than 500 people from the iGaming affiliate community gather in London to celebrate industry success stories, including representatives of Online Casino Reports. This year is expected to be just as big, with the online gambling and affiliate industries continuing to show rapid growth. Past winners include some of the biggest affiliate names, including Ladbrokes, bet365, MoneyBookers, PokerStrategy and IncomeAccess. This year's event is sure to reward the usual number of favorites and surprises, so make sure to check here for all the results.
The iPoker Series of Poker (iPops3) has rapidly increased to become one of the most sought after online and offline poker events of the year because it offers players many chances to build a bankroll without spending too much and also because of the very high guaranteed prizepool. This time the total prizepool goes up to $1.000.000 and players can participate for as little as $1! The popular iPops series includes several online events across different online poker rooms. Pokerplex24 has decided to be one of the participating rooms in the iPOPS promotion this year, because the series gives excellent value online poker tournaments to players with any bankroll size. iPops 3 - Now! Starting from the 22nd October and going on up until the 2nd December, you will find various satellites at different buy-in levels, time and conditions to make sure to suit every player's needs. Click on the following image and find a detailed listing of all satellites, buy ins and dates so make sure to carefully pick and choose the best opportunity for you. Whether you are a Sit'N'Go enthusiast or you prefer fast-paced Multi-Table Tournaments, you can be sure to find a game that suits you and that is running NOW in Pokerplex24 Poker.
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