Binked the late pik4 and pik3 at Evangeline Downs Tonight

[Gookieheimowitz]

Obvious Brag : So I am a Horse Player . I spend about 2 hours every morning watching replays and only play 4-5 tracks that race throughout the year . Evangeline being one of them . Remington, Turf Paradise, Smaller tracks. Today was a horrible day until the last 2 tickets I held


Pick 4 Sequence 6-1/85-1/2-5/12-1

My ticket was $30.00 and was 2x3x1x5

Also had Pick 3 with 85-1 in the first leg .

Anyways IRS will come calling for 30% cause the $1.00 Pick 4 paid $10,825.00

Pick 3 only paid $1700 so I skate on that .


Good Luck
Gookie

[Baron Von Strucker]

Obvious Brag : So I am a Horse Player . I spend about 2 hours every morning watching replays and only play 4-5 tracks that race throughout the year . Evangeline being one of them . Remington, Turf Paradise, Smaller tracks. Today was a horrible day until the last 2 tickets I held


Pick 4 Sequence 6-1/85-1/2-5/12-1

My ticket was $30.00 and was 2x3x1x5

Also had Pick 3 with 85-1 in the first leg .

Anyways IRS will come calling for 30% cause the $1.00 Pick 4 paid $10,825.00

Pick 3 only paid $1700 so I skate on that .


Good Luck
Gookie

my math is bad... did you just win over 300k ?
i hope you did

and has anyone pm'ed you yet with great staking opportunities?

[Gookieheimowitz]

Obvious Brag : So I am a Horse Player . I spend about 2 hours every morning watching replays and only play 4-5 tracks that race throughout the year . Evangeline being one of them . Remington, Turf Paradise, Smaller tracks. Today was a horrible day until the last 2 tickets I held


Pick 4 Sequence 6-1/85-1/2-5/12-1

My ticket was $30.00 and was 2x3x1x5

Also had Pick 3 with 85-1 in the first leg .

Anyways IRS will come calling for 30% cause the $1.00 Pick 4 paid $10,825.00

Pick 3 only paid $1700 so I skate on that .


Good Luck
Gookie

my math is bad... did you just win over 300k ?
i hope you did

No $12,500 and Change for a $45.00 investment

[mulva]

very nice..i've hut some nice pick 4's..but none 5k or above in long time.

i really don't bet the ponies like i use to. and why should i when i can bang my head against the wall playing grobul polka asking myself why? and how? did i just lose wit that hand.

may have to delve back into the horses moreso

[Daly]

[duped_samaritan]

De last dancing all the way to the bank!

[mulva]

really nice to get a big payout when yu have a 2/5 win. that in itself makes it a pick 3 for the most part.

obv the 85-1 had to be the wheel race where you got goulie...once again,,,gj

[DirtyErnie]

Beautiful score Gookie! Love to hear of another Pick 4 junkie.

You may skate on that IRS ownage. In 2018, The new w2g Irs withholding rules were implemented to pari-mutual wagering. Under the new rules, Taxes withheld are based on total bet , not based on the $1 base bet. It has been another game changer, for me anyways. Boom to Horse and Hound Degens.

Earlier in the year, I skirted on a hound twin tri. I bet $360 on the front half and acquired 36 exchanges. Binked the back for the whole pot, and zero taxes were withheld. There was not a W2-g report filed.

https://www.bloodhorse.com/horse-rac...h-horseplayers


Oh thought your total bet in the race was $45 x300= for a $13500 threshold. My bad

[LastPaperTowel]

my math is bad... did you just win over 300k ?
i hope you did

No $12,500 and Change for a $45.00 investment

Hello

I would enjoy seeing your yearly hours invested vs return. I love an anomaly. Not to bet personally, but to follow for interest.

Thanks for your post and good luck. You may be a Towelist and not even know it.

Peace

LPT

[nolawojy]

Beautiful score Gookie! Love to hear of another Pick 4 junkie.

You may skate on that IRS ownage. In 2018, The new w2g Irs withholding rules were implemented to pari-mutual wagering. Under the new rules, Taxes withheld are based on total bet , not based on the $1 base bet. It has been another game changer, for me anyways. Boom to Horse and Hound Degens.

Earlier in the year, I skirted on a hound twin tri. I bet $360 on the front half and acquired 36 exchanges. Binked the back for the whole pot, and zero taxes were withheld. There was not a W2-g report filed.

https://www.bloodhorse.com/horse-rac...h-horseplayers


Oh thought your total bet in the race was $45 x300= for a $13500 threshold. My bad

Don't think the new rules apply because anything over 5k is gonna get hit from federal regardless of investment amount...the 1700 on the pick 3 could apply....before it used to be anything over $600 or 300-1 odds on your base bet would get taxed (not amount invested)...so if he bet a "$1 pick 3" that cost let's say $24 total, it would still be subject to being a "signer".....the new regulation now says the 300-1 threshold will be based on the amount bet...so if it paid 1700 but he spent $24 on the ticket, he would be good because total amount invested to what the payoff was wouldn't be 300-1 odds or greater

[Gookieheimowitz]

Thanks :

The Tax rules for Horse racing changed recently. The Pick 4 Ticket Cost $30.00 . It will get whacked for 30% at the window . Anything over 300-1 x total bet so if it paid less then $9,000 I would have collected it all no taxes required.

The Pick 3 Ticket is safe from withholding because that ticket cost $15.00 . At 300-1 x total bet It would have had to be over $4,500


Good Luck
Gookie

[Gookieheimowitz]

Tax man got his 28.5%

Pik 4 net was $7900.00

Pik 3 Net was $1701.00


Good Luck
Gookie