I've won $3,000 on online poker..What should I do?

be a "baller"...Strip Club it up.

Get knee deep in hookers and blow.

Pay half of it to the IRS so you don't get smoked with a penalty in April.

keep at least 1k on your full tilt account so you can keep rollin in the cash.

you might want to think about reporting some of it as income...because it does count and you should pay taxes on it.

with the rest just start saving and then if/when you get a few more $k's then start investing.

Double or nothin

I did not even think of that. I'm using EChecks to withdraw it but do I have to pay taxes on that? I thought it was only for things over 10 grand (not sure why). What kind of income should I say it is. Online gambling?

how can you deposit money into an online poker account these days? i had played party poker a couple years back but can no longer deposit funds due to the govt regualtions. is there an easy way around this?

Yeah im in this business of terror Got a handful of stacks better grab an umbrella

I make it rain,(I make it rain)

I'm in this business of terror got a handful of stacks Better grab an umbrella

I make it rain, (I make it rain)

I make it rain on them hoes I make it rain,(I make It rain)

I make it rain on them hoes I make it rain,(I make it rain)

I make it rain on them hoes I make it rain(I make it rain)

I make it rain on them hoes

You can load onto partypoker using Visa gift cards. That is the easiest way, the one problem is that you can't unload it. You can use an epassporte account which works like paypal to deposit it to your bank account or credit card.

Luckily for me I neve have have to unload money, just keep loading more money...sigh. I am so much better in the free games!

For the original poster I would keep some of it on the site. If you won that much you must have been playing at least a couple hundred dollar sit and goes so you have to be pretty good at it. Why not try to make more since you wouldn't technically be losing an money?

I would leave $1000 on there and see what I could do with it. As for taxes, on your taxes there is a section for gambling earnings where it should be reported. I would report it since it is that much.

I entered a $200 tournament and then a $500 tournament.

I think I'm going to go with that. I will take out enough to cover my new clutch and a plane ticket and leave the rest to mess around with. So basically take out half of it and play with the other half.

If I get up to 10 grand I will take it all out and buy a seat at the world series for next year haha. What will most likely happen though is I will lose what I left in there haha.

first of all:

www.pocketfives.com

and

www.forumserver.twoplustwo.com

You are required by the IRS to pay taxes on any gambling winnings.

Search both of the above sites for bankroll management.

HUGE difference in play between a $20 SNG and a $200 or $500.

If those $200 and $500 tourneys are MTT's then you are making a huge mistake unless you are very experienced player. If you really need that money to pay bills why are you risking $700 of it in MTT's which have a HUGE variance? The very best players only cash 15-20 percent of the time in MTT's

Stay at the same levels: $20's. Use some of the money to join PokerXFactor.com. Buy a book or two and study up on the game. Withdraw any money you need to pay bills and buy a plane ticket

good luck

I noticed the play to be much different. The only reason I enetered them was because I was up a fair ammount from entering 20 dollar s&g's. I actually got pretty lucky in both tournaments whereas in the 20 dollar ones i felt i was playing better poker and was more comfortable. I noticed people were much more aggressive after the flop. I caught some big hands but would get outplayed alot of the time. I will most likely not enter a tournament like that again.

I also dont need the bills terribly and was more or less just messing around. I really didnt expect at all to be up by this much money. Agree with your post though and should definately stay with the lower level s$g's.

Go to japan

http://www.youtube.com/watch?v=gh9YQSfOHZA&NR=1

Whats bankroll management? He can win a lot MORE if he plays bigger sit and gos. I suggest that if you hate money you should enter three $1000 sit and goes... Wait no, enter three $1000 MTT! THink of the upside!

Just kiddding obv. Search for cornellxc1 on full tilt and sit at his cash game tables, he sucks.

Ah...the IRS already knows what kind of money it is, and are waiting for their cut. You're talking about 800-1000 dollars in taxes.

full tilt is having a $2500 tourney on nov. 17th... you're all over that, dude!

GO TO VEGAS AND PUT IT ALL ON RED

I have been sticking with the $1 to $5 sit-n-goes and have been losing every time for the last few weeks....

One of the worst one yet:

Big blind is down to only about 400

I am small blind with 2500

guy to my right has 3500.

There are 5 of us left.

Blinds are 50/100 in a one table sit and go.

Everyone folds around to the button. He raises to 200 and I raise to 800. Small blind goes all in for his 400, original raiser goes all in. I call.

I have KK

Big Blind AJ

Button 33 (went all in with that)

of course a three comes on the river and knocks both of us out. I hate poker.

I went to Vegas when I was 21 and turned $500 into a little over $1500 playing poker. Then I lost it all in five minutes on Roulette.