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Originally Posted by Nostradamus
This is 100% correct. Bridgejumpers are usually money laundering. Usually drug money.
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Why would anyone use show bets to launder money?!
Money laundering involves setting something up that COULD account for all the illegal cash. When you make a $100,000 bet, you are SHOWING the cash. How does winning or losing some show bets help justify the fact that you have a bundle of cash at the end of the year? You cannot make $100,000 bets on big favs SUBTLY. Someone is going to notice.
If you wanted to launder money at the track, it seems to me it would make much more sense to make bets on longshots. Then you can show the big winning tickets where you cashed in your $10K or $50K trifecta wins, and you could hide the amount of money lost trying to produce those wins.
--Dunbar