Is Worldwinner trying to soak anyone else around here?

Question

Worldwinner.com is this website where you pay to compete in "skill-based" games. That's the loophole, because, it technically isn't gambling if the outcome of the competition is determined by your skill.

Still, I am in the red. My fees paid (for all games, both won and lost) exceeds my winnings by over twelve hundred dollars.

Yet, as required by law, worldwinner reported that I had winnings of $4,776.28. But, the money I spent COMPETING in those tourneys is just shy of six grand.

Yet - I am told that I must file a 1099m (misc.) for the winnings, and that I CANNOT file a 1099g (gambling losses) because, it is "technically" not gambling.

But, how can my "winnings" be reported as such without counting the money spent playing??

Well, I tried to to my taxes today, but this is a problem. I'm visitng an IRS office tomorrow.

The w'winners csm was pretty condescending when I called. I felt like I was ordering a big mac! No, wait - flipping it!

Class action, anyone?

Answer 1

Good luck. It sounds like they have their butts covered pretty  well. They aren't the ones you should have a problem with. Apparently, the tax system is what allows it. The tax system is all about "technically" stated rules. W'Winners isn't getting any more money from you out of a problem with the tax system, right? And if you have played the games, couldn't you detect pretty easily that the games are or are not gambling?

Personally, I don't think they are soaking anyone. With the first dollar you lost, you should have immediately seen that it isn't some money machine that is going to make you rich. How in the world does anyone reach $1200 in losses and not reach the realization that something is screwy early on?

Answer 2

Sorry to hear you are having such trouble with them. I played there for a while and thought the website was a joke. I personally have better luck playing at online casinos. Thats where I put my money now, and my time. I also like them because they will not report winnings (they leave it for you to do if you choose to or to not) which I enjoy :)

Hopefully this does not cause you too  much trouble, and maybe you should take your money elsewhere since they seem to be well......s******g you over.

If you want to play somewhere else there is a list of great places that will treat you good here http://bestfreecasinochips.tripod.com

I personally have played at each of them myself and have had no problems.

Whatever you choose to do I hope you have better luck :)