Gambling and Taxes: Pay Them or Pay the Price

Casino Winnings Tax

A wise man once said, “The income tax created more criminals than any other single act of government.” We here at the Crapspit say, “You wanna play, you gotta pay.” Taxes, that is. Yes, gambling winnings are taxable. Yes, you must report them on your Form 1040 which can be downloaded from here www.irs.gov/pub/irs-pdf/i1040tt.pdf. It doesn’t matter how much or … Read More

What Does It Mean to “Color” at the Craps Table? color in color up etc

Online casino chips

Before a player leaves the craps table, especially after a winning session, you’ll typically see him place his chips in the apron and say “Color, please.” You might hear slight variations of the term, but they’re all fundamentally the same. For example, the most common forms are Color, Color In, Color Out, and Color Up. What does it mean and … Read More

Boomtown Casino in Biloxi: Boom or Bust?

boomtown casino

In preparing for a recent trip to Biloxi, Mississippi, I read that the Boomtown Casino is a local’s favorite. I’m always interested in “local’s” casinos because they generally have low table limits that I prefer. After a late lunch on a Monday, my wife and I split to do our own things. She headed for her favorite nickel video poker … Read More

Golden Touch Craps a scam? Review & Opinion of GoldenTouchCraps.com

Friends and relatives routinely ask, “Can a person consistently beat the casino playing craps? I browsed the Golden Touch Craps website and those people say it can be done. What do you think of their claims?” As with any subject, if a few people have the same question, then there’s a good chance lots of people have it. Since this … Read More

When to Buy the 5 and 9 Instead of Placing Them

This subject is addressed in the Crapspit articles about the Place bet and the Buy Bet, but I wanted to emphasize it with a real-life example so hopefully inexperienced players don’t fall into the same predicament as the poor guy I recently saw at the table. I was at a $5 table. The shooter rolled 9 as the new point. … Read More

Trip to Biloxi, Mississippi & The Beau Rivage Hotel

Beau Rivage in Biloxi

My wife and I recently went to Biloxi, Mississippi, where we stayed two nights at the Beau Rivage and I’d like to share our experience with you. Maybe it will give you some ideas or help you decide whether a Biloxi trip is right for you. The Beau Rivage is an MGM property on the Gulf of Mexico in the … Read More

Craps Strategy for Playing Craps

To win you need a strategy

Here at the Crapspit, we encourage our readers to share their craps-playing stories, including their favorite craps systems and strategies such as the iron cross craps for playing the game. We thought we’d add our preferred system to the list, too. Enjoy! We assume you’ve read and understand our other articles about what “craps systems” are and the validity of … Read More

What’s So Great about Online Casinos?

online casino gambling

We get a lot of questions here at the Crapspit about the benefits of playing at an online casino versus a live casino. These are legitimate questions especially if you’ve never played at an online casino. In some of our other articles, we talked about safety and security when using an online casino so this article won’t go into that … Read More

The “Gambler’s Fallacy” Clarified

Gamblers fallacy

We’ve received several requests to clarify the “Gambler’s Fallacy” that we address in another article. The questions basically relate to, “What exactly do you mean when you say past outcomes don’t affect future outcomes, and how does that affect whether a certain number is due to hit?” Let’s see if we can clear this up. As described in our other … Read More