Originally Posted by DaveDel
I run a game every week and have never even thought of taking a rake despite the fact I could probably generate $30-40K a year if I did.
The reason for me is simple. It's just not worth it. I understand the risk of getting caught is probably minimal but if you do it will cost you way more than whatever you could possibly make running a small raked game. It's not the legal defense costs that I am most worried about it's these three letters, IRS.
You get caught and they can prove you ran game for profit and didn't report the income, you're screwed.
As I already said, I think the chances of getting caught are probably slim but if it happens you'll wish you never did it.
I agree 100%.
I run a rake-free game every week.
The potential rake is not the worth the risk.