When it comes to tax returns, we don't plan to go as far as Mitt Romney - but we're thankful to report we made a little money playing poker this past year.
In live tournaments, we won $295. In live cash games, we lost $32. And National League of Poker play earned us $135: $55 in Sunday night video poker championships (which have been taken down in the transition to a browser-based format), and $80 from Texas Hold 'em tournaments.
But it's tempting to consider what would have happened if NLOP action was all money, from start to finish. We did the math, and computed we spent 137,000 points to enter tournaments in 2011. The final "bank account" would have been 281,647 - a gain of 105.6 percent. In other words, our money would have doubled.
Of course, real-money online play evaporated to a great extent in the U.S. in April 2011. If states can organize their own poker rooms in 2012 (which the Justice Department now seems to allow), we'll be paying close attention.
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