Craps Newsletter – September 2002
September 2002
CONGRATULATIONS!
We are pleased to report that one of our readers (username: “Sportsfans”) sent us
a note recently stating that they had scored a $3,000 win at our Downtown Las Vegas
5-Star recommended casino. Thanks for the note and
congratulations on the WIN.
DID YOU KNOW?
THE BONE MAN has completed his co-production of “INFIDEL… An Open Letter to Terrorists”.
This book is about to hit the market during the One Year Remembrance of September
11, 2001. Copies can be ordered for $10.99, plus shipping, by calling Xulon Press
direct at 866-909-2665. What does this have to do with Craps and Gaming? NOTHING…
it is more important.
HOW TO KEEP MORE OF WHAT YOU WIN
NextShooter provides timely information on major market craps pits, posted odds,
table minimums and maximums plus the win/loss tracking form. Our goal is to provide
serious players the critical information necessary for strategic gaming session
planning and cost saving information for any tax implication that could arise from
a major win. Consequently, we are pleased to refer readers to our tax advisory associate,
Mr. Walter L. Lewis, CPA, whose book “HOW TO KEEP MORE OF WHAT YOU WIN” clearly
defines tax implications for serious gamers.
Here are some features of this valuable Guide:
- Specific ways to reduce the time you spend and the fees you pay to your tax preparer.
- How to determine what is and is not an allowable gaming deduction.
- Valuable insights into how the IRS views gaming activity.
- How to document your gaming activities and how to report it to the IRS.
- How to avoid the costly mistakes that can raise your tax bill with the IRS.
- Answers to twenty of the most frequently asked questions about gambling and taxes.
- A comprehensive index designed to let you swiftly find the solution to your special
needs.
You can now
buy the book online.
Binion’s Horseshoe, Las Vegas Implodes Once Famous Craps Pit
Binion’s Horseshoe in downtown Las Vegas used to be THE place to play craps. Not
any more. Go to NextShooter to read about Binion’s downward
slide.
CRAPS QUIZ
Here is the answer to the August quiz:
On a $1,000 table limit with 2X Odds, what is the largest pay off that the house
will pay on a proposition bet (any wager in the middle of the table)?
The correct answer is $3,000. As most casinos with these posted table odds will
allow a $3,000 payout for $2,500 ODDS on the 6 or 8 with a $1,000 flat bet on the
pass line… they will also allow a maximum pay out on Proposition Bets at $3,000.
As 45% of you got the answer WRONG you might consider brushing up on your craps
knowledge at NextShooter. NextShooter also clearly defines why you should NEVER
make a Proposition Bet (ANY wager in the middle of the table).
September Quiz:
TRUE OR FALSE: Smart Craps Dealers will appreciate players who toke (tip)
the dealers by placing a bet on their behalf on the Yo (eleven) or any of the Hardways.
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The NextShooter.com newsletter is a monthly mailer sent to subscribers and members
of NextShooter.com. At NextShooter.com, over 100 man-years of dealer experience
tells you all the secrets of the game of craps. NextShooter.com was created to provide
a unique view of the game of Craps as seen from “The House” and “Dealer” side of
the table and to present this view without the distractions of pop-up windows, gimmicky
or flashing Internet gaming banners.