by Nashvegas » Mon Nov 15, 2004 2:36 pm
If Party Poker doesn't have your social security number, they can't report anything tax-related. You will know whether your tournament result has been reported to the IRS based on whether Party asks you for your Social # if you live in the USA. I'm guessing that, being based in Gibralter, Party simply doesn't bother with American tax law -- it would theoretically be your duty as the American citizen to pay.
Also, I despise MTT satallites, personally, because they are the highest-variance entries possible -- you are basically multiplying the SNG's variance by the MTT's variance, meaning you need a tremendous bankroll to consistantly play in them. If you like the thrill, make sure you keep them down to less than 10% of your play, give or take.
At Party SNGs, I've experienced very minimal differences in skill between 5+1, 10+1, and 20+2. I've never played higher, but i've heard reliably that if you are a 40%+ ROI player at 20+2, you will preform better at the 50+5 level than the 30+3 because the higher starting stacks give you a bigger edge. Your ROI will suffer less as you go up if you play only one or two SNGs simultaniously, while at lower levels it's easy to play 3 or 4 if you're that kind of person.
If you're a high-roller, I would still *never* recommend for any player to play at the $200+15s rather than the $100+9s. Just from observing these every once in a while, the skill differences are INCREDIBLE between these two levels -- your ROI at the 100 level will be 2x your 200 level ROI, I think no matter who you are. Just so many more poor players.
Nashvegas