Last issue my article, “Thinking Like A Loser,” was about how players undermine themselves with some of their attitudes about the game. I singled out the ever-popular rationale for folding, “I decided to wait for a better spot.” In the vast majority of situations, waiting for a better spot is a nonsense concept, and I [...]

According to an IRS Bulletin, beginning March 4, 2008 the IRS will require tournament directors to withhold taxes from poker tournament winners who win in excess of $5,000. It requires this withholding at the third-lowest tax rate which is currently 25 percent. It’s not entirely clear whether this withholding applies to any prize greater than [...]