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Donating winnings

Started by Chance, Aug 07, 09:55 AM 2019

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0 Members and 1 Guest are viewing this topic.

Chance

Hey, quick question?

If you win over 10k in Roulette:

1. Can you walk out the door with the chips?

2. Can you donate the chips to a non profit?

3. How would the non-profit cash them in?

Sparks

let me answer a question with a question, how would you win 10k on roulette in one night in the first place?  :twisted:

RouletteGhost

Quote from: Chance on Aug 07, 09:55 AM 2019
Hey, quick question?

If you win over 10k in Roulette:

1. Can you walk out the door with the chips?

2. Can you donate the chips to a non profit?

3. How would the non-profit cash them in?

Seems like unnecessary steps

Unless you own the non profit and don’t want to pay taxes on the winnings  >:D

Just cash the chips in. Then donate the money
the key to winning with systems : play for a statistically irrelevant number of spins

link:[url="s://m.youtube.com/watch?v=nmJKY59NX8o"]s://m.youtube.com/watch?v=nmJKY59NX8o[/url]

RouletteGhost

Quote from: Sparks on Aug 07, 10:12 AM 2019
let me answer a question with a question, how would you win 10k on roulette in one night in the first place?  :twisted:

At my local casino people win thousands on airball. Some people throw thousands at the table that’s nothing for them

It’s all relative.
the key to winning with systems : play for a statistically irrelevant number of spins

link:[url="s://m.youtube.com/watch?v=nmJKY59NX8o"]s://m.youtube.com/watch?v=nmJKY59NX8o[/url]

Steve

Quote from: Chance on Aug 07, 09:55 AM 20191. Can you walk out the door with the chips?

Not legally in most jurisdictions.

Quote from: Chance on Aug 07, 09:55 AM 2019
2. Can you donate the chips to a non profit?

Yes if you hand them over inside the casino.

Quote from: Chance on Aug 07, 09:55 AM 20193. How would the non-profit cash them in?

At the cashier.

Quote from: RouletteGhost on Aug 07, 10:36 AM 2019Just cash the chips in. Then donate the money

I dont see why this isnt the obvious option.
"The only way to beat roulette is by increasing the accuracy of predictions"
Roulettephysics.com ← Professional roulette tips
Roulette-computers.com ← Hidden electronics that predicts the winning number
Roulettephysics.com/roulette-strategy ← Why most systems lose

Chance

Perhaps i should of said this at the beginning........if I'm going to donate i do not want the tax liability to come back to me. If i cash out the chips then i have to pay the taxes that the casino reports. If the non profit cashes the chips in for cash..........i was unclear at what point the chips were considered taxable at the point of winning or when turned into cash.

Steve

Ah ok, if the charity is tax deductible then you claim it as a deduction. Otherwise you would pay the tax. Or you could ask to be paid via cheque in the charity's name. Whether or not the casino allowed that is something you'd need to ask them. I don't see why it would matter to them provided they met the ID reporting requirements.
"The only way to beat roulette is by increasing the accuracy of predictions"
Roulettephysics.com ← Professional roulette tips
Roulette-computers.com ← Hidden electronics that predicts the winning number
Roulettephysics.com/roulette-strategy ← Why most systems lose

Chance

So if they cut a check in the charities name.... my name and tax obligation stays out of it...I'll ask the cashier,  thanks. I like your slogan about how to win by the way........no other way to play.

RouletteGhost

I’d like to put vinyl siding on my house

So you can donate half to me

It’s a good cause
the key to winning with systems : play for a statistically irrelevant number of spins

link:[url="s://m.youtube.com/watch?v=nmJKY59NX8o"]s://m.youtube.com/watch?v=nmJKY59NX8o[/url]

Chance

Ha, I'll let you know Ghost.

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