wheel. Woody dutifully takes the money and, upon arriving in Sin City, he goes straight to the wheel and plunks $500 down on Number 22. Amazingly, Number 22 hits, and Woody wins $17,500. After raking in all the chips, Woody says, “Wow, that sure was a lucky number. Now I guess I’d better make the $500 bet on Number 22 for Dave.”
If you’re not as ethically challenged as Woody, you at least split the winnings with your fortunate pal. And the word from the IRS is that you can share the tax obligation as well. Form 5754 covers those situations and alerts the IRS that more than one person actually won the prize.
Part 2
Conquering the Table Games
IN THIS PART …
Get the lowdown on casino etiquette.
Master key poker tactics and learn about the most popular poker games.
Hone your blackjack skills and take advantage of its low house advantage.
Learn how to shoot dice in a pulse-pounding game of craps.
Take a spin on the roulette wheel and learn help strategies to stretch your bankroll.
Demystify baccarat and learn that it’s not just for high-rollers.
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