The Canadian taxation authorities don’t oblige anyone to pay tax on winnings from gambling. However, this applies only to BC players who have another source of income, for example, a regular full-time job. If you consider gambling as your profession and earn money only from casinos, you will have to pay taxes on your winnings. On the bright side, you can also legally deduct your gambling losses.
Most online blackjack tournaments require players to pay for entry. This fee includes the set of chips that you receive for the tournament. So basically you just buy the chips. Mind that all tournaments have different entrance rules, so check the terms before participating.
Online casinos that offer the fastest payouts may not conduct transactions quickly if it’s your first request. When new players play for real money and decide to cash out, they need to verify their accounts first. Until they do it, online casinos won’t be able to process withdrawals. And when a player provides documents, it takes time to check them. This is why the first payouts may take more time to process.
Technically, you can. But will they allow it or not, it’s a different question. Usually, a casino meets your needs only if you deserve it meaning you are a very loyal player. Therefore, you need to show them you need the increased limits by making big deposits and placing high wagers. And then, if they don’t offer it to you, you can ask them about increasing withdrawal limits yourself.
To win a share of the $35k prize pool, you need to make the highest score. Try to make the highest win multiplier and you will find your name on the winner’s list. It doesn’t matter how big your stake is, to win the tournament you need to have multipliers.
Yes, surely. You can make prop bets such as which team wins the most medals. Besides, you can make individual bets too. Some prop bets during the Olympics can be absurd. So, you need to first assess the potential result of the prop bet and only then bet on it.
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