What exactly did you assume the terms are when you placed the bet?


What percentage of the win amount would you settle for right now, for example if there were an "in-play cash-out" option?

Same as my likelihood of winning. 99.99%.

hey so pokerstars is about to be licensed in my state, and they said a while ago i could register with my old name and my vip status from pre-BF would be carried over. but the new rewards program doesn't have levels like silverstar/supernova/etc right? so am i right that there's nothing to carry over?

I am a US citizen but have recently moved to canada to live with my girlfriend. My question is whether or not I am allowed to play on pokerstars in canada even though I am not a Canadian citizen. I have heard you need to provide proof of residence like showing a utility bill, but since the utility would be in my girlfriends name would that be enough?

Thanks for the help.
PMP

Best to contact PokerStars, their email address is support@pokerstars.com

posted this in another thread but my be more appropriate to ask here...

Can someone explain how bitcoin transactions are accounted for wrt cap gain taxes...Say you want to deposit on a poker site and buy bitcoin on an exchange when its at 22k per coin, send it to a wallet and deposit it on site...then some months later you withdraw it and send it back to the exchange you purchased the coins on but this time the coin has gone up to say 44k per coin and you sell your bitcoin you received for currency...would this be accounted for by the exchange as a buy at 22k and sell at 44k and reported as a capital gain even though you did not hold the coin during the period it appreciated in value?

You are honestly better off asking your own accountant. There are so many possible things that could effect a blanket answer. In addition, answers could come from people without a clue.

No. It should work more like this.

Say you purchase $100 of BTC at an exchange. Then the next day, when you send it to the poker site BTC has gone up and they credit you $105 . You basically just bought some bitcoin for $100 and sold it for $105, netting $5 worth of capital gains.

Now lets say you play for a while, build your bankroll to $120. That's $15 in poker winnings.

Then when you make a withdrawal for $120 you are basically purchasing bitcoin from the poker site and sending it back to the exchange. Then say when you convert it back to cash you get $125 from the exchange. That's another $5 worth of capital gains. It doesn't matter exactly how many bitcoins it is. You bought and sold it for a $5 profit.

So overall you turned $100 into $125. You have $15 in poker winnings and $10 in BTC capital gains.

does the exchange report your cost basis on the coin? i'm confused how they keep a ledger of transactions to report your p&l if say you have one buy in one year and only complete sells in another year...

Yeah, that is why I said you should ask your accountant. The answer they gave you is wrong.

Crypto is an asset. You report buys and sells on Form 8949, like you would share of stock. If you purchased $1,000 you match it up with the same volume you sold. If you have more purchases than sales, you are long and more sells than buys you are short.

Speak to your account to see if you can claim the conversion of the btc you deposit to cash and vice versa. I know some exvhange sites provide a transaction history file with 1099s. They more than likely report buy side, too. Again, talk to someone that knows wtf they are talking about. It will save you a lot of grief.

The crypto exchange isn't going to know the price the poker site gave you for the bitcoins, so you really need to keep a ledger your self.

I haven't received someone trying to sell me a poker bot in a long time, but thought this might be of interest to sites and operators:

Assume there are only two players in the pot, the stack size of Hero is $10, Villain $5. Hero goes all-in post-flop, villain calls. Rake 5%, is the rake on Pokerstars
$15 * 0.05 = $0.75 ,
or
$10 * 0.05 = $0.5 ?
This is a very common and frequently happening situation. For me, the latter makes more sense. Otherwise, Hero would have to type in the exact amount of what Villain has left to go effectively all-in with a minimum rake.

You should never go allin against a shorter stack because you will end up paying more rake. Let the shorter stack go allin and call. Everybody knows this.

So if I want to all-in the shorter stacker, I need to type in the amount = Villiain's stack. Is it right?

Hello I am sick and tired of grimey ass pampered pedophiles getting away with multi accounting ..... GTD THE 2 PEOPLE I KNOW ARE MULTI ACCOUNTING ON ACR ARE YEARS INTO FOOLING THE REST OF YOU.

IF YOUR TIRED OF THESE ******* JUMPING INTO YOUR TOURNEYS 10 deep and targeting people help me!!

Youtube and all other social media is on the side of frauds now, JUST LIKE PHIL NAGY THEY WANT YOU TO PROVIDE EVIDENCE WHEN IT REALLY AIN'T NEEDED.

not hard to figure out who the main culprit I am talking about is.

Trump fan?

ya same here man

Hello!

I am looking for either a representative of Pokerstars that could help me out or some other way to get HHs from them. Really need them in a fast manner. Maybe someone knows a way. I've written to them in the "Contact Us" form multiple times, but they are not sending me the HHs.

Hope that someone can help me.

klkr

See https://forumserver.twoplustwo.com/s...94&postcount=3

Anyone know of a decent rake vs rake comparison including RB deals across various skins - hard to know of getting a ton of Rb is worth it on these second tier sites if they're raking the whole pot to begin with - would be interesting to see what is considered best micro to low/mid stakes overall

Aged well.

Tell me more about Trump Derangement Syndrome, how this is exactly like 2000? Tell me how calling an armed mob to go stop final certification of election results is not a coup attempt, and this is just like Bush v. Gore in 2000. Please don't forget to make a "my uncle ****ed me" insult and use a few words that totally set you apart from us less knowledgeful folk. We are all looking to your peerless brain and your thesaurus.

Tinky Winky!! I hope you had a great holiday season and New Year!

Coup attempt? Bit of a reach. Stupid, dangerous, and potentially getting him in very serious legal danger....very very much so.

Ty dickdoo, you too.

I for one am grateful that 4 people killed and the capitol building being stormed is not a coup attempt.