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Tax

Tax is a necessary evil, and it is no surprise that the government levies a tax on gambling. At the moment it is just 9%, and winnings cannot be taxed as part of your annual income. However, you can pay tax on either your winnings or your stake; my recommendation is to always place the tax on the stake. The reason? If your stake is £10, and you win £200, it would be much better to pay the 90 pence from the £10 stake than the £18 tax from the £200 winnings.

To work it out is simple:

Assume that your stake is £20. Multiply this by 0.09 - this will give you 9% of the stake (in this case it is £1.80). Add this to the initial stake to get your total stake (£21.80).

"There are two things certain in life: death and taxes."

Why FFO is the best
Check out why the best form of gambling is football fixed odds gambling.

Bankers
Learn about how to use bankers.

Permutations
One of the cornerstone principles of FFO gambling.

Working out odds
Figure out what you are going to win.

Tax
Learn about gambling tax.

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