"Official" Live at the Bike thread (11/22) (300/500 NL)

[cwsiggy]

[ QUOTE ]
This will pay for his accountant who is busy trying to figure out how to dodge paying taxes on 7.5 million.

[/ QUOTE ]

Actually - I read somewhere that he may not need to pay taxes in Australia on that for some weird reason (can't remember)

[BarronVangorToth]

There is some strange loophole that he is investigating (or so I read somewhere) but, make no mistake, some accountants are being paid handsomely as we speak to get him out of paying said millions he may or may not owe.

Barron Vangor Toth

[ QUOTE ]
There is some strange loophole that he is investigating (or so I read somewhere) but, make no mistake, some accountants are being paid handsomely as we speak to get him out of paying said millions he may or may not owe.

Barron Vangor Toth

[/ QUOTE ]

Since he was not a professional gambler at the time, his winnings were not technically taxable. However, the Australian Taxation Office is currently looking into how much of a cut they are going to take. The US took 30%.

[cwsiggy]

All this slowplay is making the whale game and Friday guys look like genious poker players.

[whalekock]

Bart, you missed your window by a mile.

[Russ Fox]

Australia, in general, does not tax gambling income. However, Harrah's should have withheld 30% of his winnings (there is no tax treaty between the US & Australia; this withholding, to the IRS, is mandatory), or $2.25 million. Thus, his actual win is only $5.25 million.

-- Russ Fox

[cwsiggy]

[ QUOTE ]
What is the deal with trips on a paired board that the hosts want a big bet? With the pocket pair and making trips, this is strong. With a paired board that matches one of my cards, how is that strong? I do agree to bet this to find out where I am. What is the NL play here?

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If you flop high trips but with a bad kicker - say A3 on a board of AA8 - you want ot find out quickly where you stand (though it will still be hard to get away from your hand) check raise if out of position and if reraised - you can be pretty sure you are beat.

[ QUOTE ]
[ QUOTE ]
What is the deal with trips on a paired board that the hosts want a big bet? With the pocket pair and making trips, this is strong. With a paired board that matches one of my cards, how is that strong? I do agree to bet this to find out where I am. What is the NL play here?

[/ QUOTE ]

If you flop high trips but with a bad kicker - say A3 on a board of AA8 - you want ot find out quickly where you stand (though it will still be hard to get away from your hand) check raise if out of position and if reraised - you can be pretty sure you are beat.

[/ QUOTE ]

Thanks for the 411. I am mostly a tourny player and am learning this NL ring game. The smaller buy-ins play like weak tournys. That is why I am interested in the Mon/Tue games here.

[cwsiggy]

I believe Rick explained that he was extremely card dead last time and still managed to win a little overall.