Re: WSOP Day 2: \"Official\" Results, News & Discussion
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A) If a pro plays 200 tournaments a year and only wins one (the WSOP), he can write offs the entry fees from the rest of the tournaments. So if his average buy-in was 5,000 - he can subtract the 1,000,000 from his profit.
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If a 'pro' plays 200 tournaments a year there is no way the average buy in would be 5k, as there are only a fistful of tournaments with buyins over that amount.
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B) Everyone pays income tax including cash game players
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Like blanket statements much?
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