Monthly Archives: November 2019

Gambling In Indiana

Located in the mid west of the United States, the state of Indiana has a growing population of around six and a half million. Indiana, sharing its borders with Michigan, Ohio, Kentucky and Illinois earns much of its income from manufacturing, especially steel. Such is the influence of the US steel company on Indiana, one of the principal cities of the state, Gary, is named after the former president of the company. The capital city of Indiana is Indianapolis, which has become famous over the years by among other things hosting the famous Indianapolis 500 motor race which is generally regarded as the largest single-day sporting event taking place anywhere in the world.

People in Indiana enjoy gambling and like many of the other states in the region, gambling in Indiana takes place on water, in the many river boats and barges that traverse the great lakes, or on Indian reservations. Not that all the players in Indiana are great lovers of sailing, more the fact that current legislation does not allow for any form of gambling to take place on dry land apart from that on Indian Reservations! There are around a dozen floating casinos active in Indiana, which barely covers the demand. Many of the local players spend their time and their cash in casinos in neighboring states, especially Illinois

It is hoped that this situation will change fairly soon, as more and more state legislators begin to realize that people like to gamble in their leisure time, and that the income from taxes will provide a tremendous economic boost for the state.

As has become the trend throughout the World, the game of Texas hold’em poker has caught on big amongst the Indianans and is widely played on the floating river boat casinos, as well as the other popular table games such as blackjack, craps and roulette. Slots are aplenty and there are big prizes to be won on board.

The land based casinos are pretty lavish and offer hotel facilities, excellent restaurants and entertainment facilities suitable for all the family. The largest of all the casinos in Indiana is the Caesars, situated in the town of Elizabeth. The casino buildings are immense, covering 93000 square feet of casino gambling space alone. There are more than five hundred rooms available at Caesars for anyone wishing to make it a base for a long weekend and a starting off point to visit one or some of the many tourist attractions that abound in Indiana.

Projections are that some of the hardened views on casino gambling are softening and that gradually more land based facilities will become available to Indianans and out of state visitors who like to gamble. At the moment those who like to play are restricted to floating along the surf, or surfing the internet. All the games that they like to play are available online, through their favorite online casino. There they can play when they want without the risk of ever getting sea sick.

Casino Winning Withholding Tax Refund

Winning a huge sum in a casino feels great, but the inflation in balloon is lessened by the reduction in that volume due to the casino tax applicable on any person who is not native to that place or are non residents. Every state has a law governing the gaming, table games etc and the prize money involved in these games is liable to be taxed by the government. Same applies with the casino winnings. The casino winnings are applicable to be taxed as casino tax, which does play a spoil sport for many people. People do not find it just, that their winnings should be taxed under the casino tax and often demand a casino tax rebate or a tax refund. Obtaining a tax refund is though easier for the residents, this casino tax rebate is difficult to be obtained by the non residents.

As an example, any international resident is imposed with a 30% casino tax on the winnings in the United States of America as per Internal Revenue Service (IRS). This is a huge sum for anyone who has just won, and does set the mood off. But now, as the outrage against this casino tax is growing, so are coming up new means to help international residents to claim a casino tax rebate. And the relief is out for the Canadian citizens due to U.S. Canada Tax Treaty according to which the Canadian citizens can get back partial tax rebate or can get the entire sum they lost as the casino tax rebate back.

There are many agencies involved in providing this tax rebate such as refund management services. Apart from a web presence as http://www.refundmanagement.com/, RMS is based in Toronto, Ontario, with additional offices in Vancouver, British Columbia and Las Vegas, Nevada and their head office is located in Toronto. Not only do they help Canadian residents but also all other international visitors to the United States of America in gaining a tax rebate. Due to their services available online, they are able to help people seeking help in gaining a casino tax refund easily.

The Forex Slot Machine

Between 5 p.m. EST Sunday and 4 p.m. EST Friday, there are millions of Forex traders around the world trying to make a profit by predicting the future movement of currency exchange rates. With nearly 1.8 trillion dollars changing hands each and every day, the Forex is the largest and most fluid market in the world. Traded 24-hours a day and with investors having instant access to price changes via an Internet station, it is literally possible to watch one’s fortunes ebb and flow-one pip at a time!

A pip is equal to the smallest price increment that any currency can make. For the U.S. dollar and most major currencies, that amounts to 0.0001 (0.01 for the Japanese Yen). While it seems near impossible to make any money when dealing with such small numbers, the standard transaction unit on the Forex is $100,000 and is called a lot. Thus, the movement of just a few pips in either direction can turn into big profits or big losses-real fast!

In truth, playing the Forex is much safer than heading into a casino because the odds are not automatically stacked against you-but you can still lose your shirt if you over trade. Just like professional gamblers will tell you that playing against the casinos is a losing proposition-professional and successful Forex traders know that trading too often is simply stacking the odds against them.

For whatever reason, most of us are simply not going to risk $100,000 of our own money on something as volatile as the Forex. This is why the margin is such an important factor when thinking about buying and selling positions. Typically, an investor would need to put up $1,000 of their own money to buy a lot, or 1/100 of the total. Leveraging a position may be a practical necessity but it also means that the average investor is more at risk when it comes to price fluctuations. The more leveraged the position, the greater it will be affected by pip movements-up or down.

Making a profit in the Forex market boils down to knowing when to enter and exit a position-period. Investors place stops on orders to help limit losses and they need to rely on those stops to prevent them from losing too much-or bailing too soon! Investors who track the market every minute of the day and constantly monitor their positions are not only more likely to go crazy-they are also more likely to bail when the price starts to dip. So long as you have stops in place and are sticking with your investing strategy-be patient! At most, check the market at the close of each day and just hold to your strategy until the charts indicate otherwise.

It is difficult-almost impossible-not to worry about your investments so the natural impulse is to monitor them closely. However, the time to do your homework and put in the time is before acquiring a position-not after. Backtesting will help you find the best currency pairs for your investment tastes. Once you have the stops in place, check the charts and market once a day and let the investment ride. Losses are part of the game and your stops should protect you from losing more than you are comfortable with. Forex can make you a lot of money with moderate risk but it will become like a casino and the odds will turn against you if you play too often!

The Forex Slot Machine

Between 5 p.m. EST Sunday and 4 p.m. EST Friday, there are millions of Forex traders around the world trying to make a profit by predicting the future movement of currency exchange rates. With nearly 1.8 trillion dollars changing hands each and every day, the Forex is the largest and most fluid market in the world. Traded 24-hours a day and with investors having instant access to price changes via an Internet station, it is literally possible to watch one’s fortunes ebb and flow-one pip at a time!

A pip is equal to the smallest price increment that any currency can make. For the U.S. dollar and most major currencies, that amounts to 0.0001 (0.01 for the Japanese Yen). While it seems near impossible to make any money when dealing with such small numbers, the standard transaction unit on the Forex is $100,000 and is called a lot. Thus, the movement of just a few pips in either direction can turn into big profits or big losses-real fast!

In truth, playing the Forex is much safer than heading into a casino because the odds are not automatically stacked against you-but you can still lose your shirt if you over trade. Just like professional gamblers will tell you that playing against the casinos is a losing proposition-professional and successful Forex traders know that trading too often is simply stacking the odds against them.

For whatever reason, most of us are simply not going to risk $100,000 of our own money on something as volatile as the Forex. This is why the margin is such an important factor when thinking about buying and selling positions. Typically, an investor would need to put up $1,000 of their own money to buy a lot, or 1/100 of the total. Leveraging a position may be a practical necessity but it also means that the average investor is more at risk when it comes to price fluctuations. The more leveraged the position, the greater it will be affected by pip movements-up or down.

Making a profit in the Forex market boils down to knowing when to enter and exit a position-period. Investors place stops on orders to help limit losses and they need to rely on those stops to prevent them from losing too much-or bailing too soon! Investors who track the market every minute of the day and constantly monitor their positions are not only more likely to go crazy-they are also more likely to bail when the price starts to dip. So long as you have stops in place and are sticking with your investing strategy-be patient! At most, check the market at the close of each day and just hold to your strategy until the charts indicate otherwise.

It is difficult-almost impossible-not to worry about your investments so the natural impulse is to monitor them closely. However, the time to do your homework and put in the time is before acquiring a position-not after. Backtesting will help you find the best currency pairs for your investment tastes. Once you have the stops in place, check the charts and market once a day and let the investment ride. Losses are part of the game and your stops should protect you from losing more than you are comfortable with. Forex can make you a lot of money with moderate risk but it will become like a casino and the odds will turn against you if you play too often!