Gambling is an adrenaline rush, and sometimes you may tend to go overboard. Always remember how vital money management is and ensure you keep a track of your spending. Chalk out a budget and ensure you stick to it. Estimate the money you require to gamble and also set aside for probable losses. In addition to budgetary limits, also set time limits to structure your game and also never over-drink as this may just leave a hole in your pocket.
2. Make the most of an opportunity -
Gambling is an art. Cash in on the bets by taking advantage of whatever freebies and comps your casino offers you. Cashing in on you bet means to take full advantage of all the freebies and comps your casino offers. Another good idea is to join the player's club to acquire these comps and this way you can also use your card every time you gamble.
3. Be all smiles for the Cameras -
Casino's these days are infested with camera's that'll record your every movement. Although these cameras are for security purposes, they can also be of use if you feel someone is cheating in the game and this has lead to you losing money. You can always request a viewing of the CCTV footage to clear your doubts or prove your point. However, you too must ensure you don't commit any felony as you too are being watched.
4. Master your game -
Although there are numerous self-proclaimed gamblers, there are very few who actually know the game upside down and follow all the rules to the t. It is crucial to learn and master the game before you go all out and place your bets as this will help improve the odds of both having fun and scoring points.
5. Do not fear the Taxman -
Gambling being an extra or a side income is fully taxable. The casino will withhold the taxes before paying you out, or you'll have to report the money earned to the IRS. If you have gained or won more then a specified amount, the casino will present you with W-2G which is a form that denotes the number of winnings you've incurred and the taxes that were taken out.
If your winnings are small in one place and significant in the other, you still have to report both at the end of the year, and for this, it is essential to keep a written record of these financials. If you have suffered a loss via gambling this amount is deductible. Therefore, you are required to keep a record of both your incomes and loses to prove that you have paid your dues and do not owe the tax department anything....
The Kentucky Derby is a horse that is held in Louisville, Kentucky annually. The race is held on the first Saturday of May with over 150,000 spectators present to view the event at Churchill Downs. The event has been a tradition since 1875. The race is 1-1/4 miles and doesn't last more than 2 minutes. The winner's horse is draped in a garland of red roses.
2. The Preakness Stakes -
The Preakness is a horse racing event held in Baltimore, Maryland. This event is held on the third Saturday of May at the annual running of the Preakness at the Pimlico Race Course. The winner, in this case, is given a hefty Woodlawn case, a silver trophy by Tiffany and also a delicate blanket to drape the horse. There are tickets available for $100, and these will get you closer onto the infield where the beer flows freely day long, and there are also other concerts and events that take place before the race begins.
3. Belmont Stakes -
The race that takes place in Elmont, New York, is held on the first Saturday of June. This race is one of the oldest of its kind. It began all the way back in 1867. It also has the most challenging 1-1/2 miles around the track. The Secretariat, later on, came to be known as the world's greatest racehorse. The stakes are also the most accessible race. This is so because it is located right next to New York City.
4. Prix de l'Arc de Triomphe -
This is a race that is held in Paris, France every year. It is one of Europe's largest and the most extravagant horse-racing events. The race has an enormous audience of thousands of spectators from the first Sunday of October. Their connection with the Qatar Racing and Equestrian Club is the main reason that the world is racing at 4 million Euros. In the evenings there is a full party scene with champagne and live jazz music.
5. The Royal Ascot -
The Royal Ascot is a Horse Race that is planned and executed in Ascot, England. This horse race is a week-long series of events as there are 16 groups. If in case the Queen or the Royal Party attend all of the event's you must dress the part of royalty. Although you are not permitted to get into the Royal Enclosure without some big-time influence and power connections. If you have any of these, then it is easy to access to you. When you do get in you are an audience to all of other celebrations going on other than just the race. Some of which are the Royal Procession, a plethora of food stalls, the Military Bands, and the races themselves. This happens in the Grandstand areas....