: Amateurs may sometimes net winnings and losses from the same "session" (e.g., a single day at a casino) to report a net figure rather than gross totals. 3. Record-Keeping Requirements
: Total gambling expenses, including business costs, are generally limited to the amount of gambling income. gambler
: Research indicates that a single problem gambler typically affects the lives of approximately six other people , including family and close friends. : Amateurs may sometimes net winnings and losses
To satisfy "due diligence" and survive potential audits, gamblers must maintain a detailed log or diary containing: Date and type of specific wager or activity. Name and address of the gambling establishment. Names of other persons present at the time. including business costs
