Betting 1% of the bankroll - fading gerry 'big cat' andino's free play $490 ON MLB 922 HOUSTON ASTROS +170 AT HOME AGAINST THE TAMPA BAY RAYS, 8:10 PM EST Loser, Tampa Bay 8 Hoston 0, loss of $490.

The Tax Code doesn't treat casual gamblers very well. On the one hand the odds are stacked against you winning (those fancy casinos were built on losers, not winners). And on the other hand winning can be worse than losing when the taxman gets a hold on you. Recent tax law changes turned a bad situation worse. The higher standard deduction means fewer people will benefit from deducting. The Action Network’s Paul Lo Duca and Geoff Schwartz had Barstool Big Cat on their “Embrace the Sweat” podcast this week, and it brought up some painful memories. Big Cat relived some of his worst gambling beats, including the infamous 2012 Belk Bowl. He also dished on his biggest betting score and what he bets when he’s on tilt. What you need to know to start the day: Get New York Today in your inbox. MONTICELLO, N.Y. — It was once thought to be a sure thing, a $1.2 billion gambling mecca that carried long-held hopes.

Updated September 02, 2020 12:36:57

Australians lose around $24 billion a year from gambling each year.

Per head of population we lose more than any country in the world, double the average of countries like the US, New Zealand and Ireland.

The majority comes from poker machine losses, but increasingly thousands of young people are losing money on sports betting — an industry that is spending up big on marketing and advertising.

If you or anyone you know needs help:

• Lifeline on 13 11 14
• Gambling Help Online on 1800 858 858
• Beyond Blue on 1300 22 46 36

The clubs that house the majority of poker machines and the sports betting companies benefit from generous tax breaks, yet there's very little transparency about how this industry works.

We know gambling is a widespread, national issue affecting millions of Australians.

Big Cat Gambling Losses Rules

So, we want your help to find out more about what happens behind the scenes of Australia's gambling industry; to hear from people who have worked inside the industry and those who have lost money.

We'd like to know:

Big Cat Gambling Losses Calculator

• the tactics used to keep punters punting
• whether technology is being used to maximise losses and minimise payouts
• how lobbying campaigns target the politicians responsible for regulating the gambling industry
• whether responsible gambling codes of conduct are enforced and if they make a difference

We assure you that any information you give us will be treated as strictly confidential. We won't publish anything you tell us or identify you without getting your permission.

The ABC is using the Screendoor tool to collect your story tips. The ABC's Crowdsourcing Collection Statement applies to any information you provide.

Topics:gambling, community-and-society, racing, games, sport, government-and-politics, clubs-and-associations, hospitality, internet-culture, internet-technology, australia, act, nsw, qld, sa, tas, wa, nt, vic, canberra-2600, sydney-2000, adelaide-5000, melbourne-3000, brisbane-4000, perth-6000, darwin-0800, hobart-7000

Big Cat Gambling Losses Definition

First posted December 04, 2019 14:08:52