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Poker Winnings - cancelled benefits

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Comments

  • Can you not show them how much you have gambled over the year to win this £1000, thereby making it look more like a profession and creating a net profit rather than a lump sum pot?
  • mjm3346
    mjm3346 Posts: 47,325 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Can you not show them how much you have gambled over the year to win this £1000, thereby making it look more like a profession and creating a net profit rather than a lump sum pot?

    I think they can have their cake and eat it with large losses being considered as deprivation of capital.
  • Tehya
    Tehya Posts: 501 Forumite
    Wouldn't they have to look at how much of his own money he used in order to win in the first place, i.e. he may have used £600 to win the £1000 meaning the profit was only £400. Sorry if I'm being thick but I've never really gambled on anything apart from the odd lottery ticket.

    I'm not sure what I feel about this, my brother bets on the horses at least a couple of times a week and even though he's has some decent(ish) wins if we looked at his profits I'm sure it'd be the Bookmaker who comes out on top. Well you never see a poor bookie do you?
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