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How to Turn Your Poker Playing Into a Business
by Ann-Margaret Johnston
Here's a book devoted to dealing with U.S. taxes and poker, written by a tax-expert and poker player. Ann-Margaret Johnston (CPS) shows you step-by-step ways to turn poker into a business andhow to handle the expenses and deductions that go with your business.
Read a review of How to Turn Your Poker Playing Into a Business
Youngest WSOP Main Event Champion Crowned in Las Vegas
Saturday, November 15, 2008
LAS VEGAS, NV - As reported by the San Jose Mercury News and Post Chronicle: "22-year old Peter Eastgate became the youngest person ever to win the main event of the World Series of Poker, erasing
Peter Eastgate takes home the top prize at WSOP Main Event the mark held by the infamous Phil Helmuth. The Denmark native out-lasted 6,844 players to take home the $9.1 miliion priize. The new World Series of Poker Main Event champion, will never have to work another day in his life.
Kind of like his life to this point.
A 22-year-old college dropout from Denmark, Eastgate won $9.16 million Tuesday morning in poker's most prestigious and richest tournament. Holding ace-5 on the final hand, he made a wheel straight and called an all-in river bet by 27-year-old Russian Ivan Demidov, whose 4-2 hand ended up making two pair.
"I'm not necessarily going back to college, but I will look for more opportunities to become a more wise person," Eastgate told the Associated Press.
Demidov eked out a mere $5.8 million. "I'm someone who's not going to cry," the courageous runner-up said.
The event made a major format change by finishing in November, three months after the 6,844 players were whittled to a nine-man final table, so ESPN could air its two-hour finale in Olympics-style "plausibly live" time Tuesday night and retain some suspense. It's unclear how successful the news blackout was; even "SportsCenter" announced the results, though only after a spoiler alert.
Lon McEachern, the Santa Clara resident and the event's play-by-play man, spent Sunday and Monday in Las Vegas. Although he kept the schedule most people do in Sin City — 8 a.m. to 1:30 a.m. Monday, then 7 a.m. to noon Tuesday — he was locked in a sound booth.
"Yeah, but you know what, I'm richer for it," McEachern said.
"I didn't lose any money in the last two days."
Normally, the production crew edits hours and hours of video in the span of a few months. This time, McEachern said, "They were popping tapes out of cameras every 30 minutes" and editing for more than 36 hours. McEachern and Norman Chad have always done voice-overs from New York after seeing the finished product (yeah, we hate to spoil it for you, but that's not a live call). This time, they were on-site, working just a few hours behind the live action and calling many more hands than could ever possibly make the air.
How much footage is there? The heads-up finale lasted 104 hands. ESPN showed two.
Peter Eastgate takes home the top prize at WSOP Main Event the mark held by the infamous Phil Helmuth. The Denmark native out-lasted 6,844 players to take home the $9.1 miliion priize. The new World Series of Poker Main Event champion, will never have to work another day in his life.
Kind of like his life to this point.
A 22-year-old college dropout from Denmark, Eastgate won $9.16 million Tuesday morning in poker's most prestigious and richest tournament. Holding ace-5 on the final hand, he made a wheel straight and called an all-in river bet by 27-year-old Russian Ivan Demidov, whose 4-2 hand ended up making two pair.
"I'm not necessarily going back to college, but I will look for more opportunities to become a more wise person," Eastgate told the Associated Press.
Demidov eked out a mere $5.8 million. "I'm someone who's not going to cry," the courageous runner-up said.
The event made a major format change by finishing in November, three months after the 6,844 players were whittled to a nine-man final table, so ESPN could air its two-hour finale in Olympics-style "plausibly live" time Tuesday night and retain some suspense. It's unclear how successful the news blackout was; even "SportsCenter" announced the results, though only after a spoiler alert.
Lon McEachern, the Santa Clara resident and the event's play-by-play man, spent Sunday and Monday in Las Vegas. Although he kept the schedule most people do in Sin City — 8 a.m. to 1:30 a.m. Monday, then 7 a.m. to noon Tuesday — he was locked in a sound booth.
"Yeah, but you know what, I'm richer for it," McEachern said.
"I didn't lose any money in the last two days."
Normally, the production crew edits hours and hours of video in the span of a few months. This time, McEachern said, "They were popping tapes out of cameras every 30 minutes" and editing for more than 36 hours. McEachern and Norman Chad have always done voice-overs from New York after seeing the finished product (yeah, we hate to spoil it for you, but that's not a live call). This time, they were on-site, working just a few hours behind the live action and calling many more hands than could ever possibly make the air.
How much footage is there? The heads-up finale lasted 104 hands. ESPN showed two.
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