View Single Post
  #6  
Old 08-30-2013, 11:30 AM
pweizer's Avatar
pweizer pweizer is offline
Fairgrounds
 
Join Date: May 2006
Location: Leominster, MA
Posts: 1,599
Default

Quote:
Originally Posted by mnmark View Post
So there were two winners. If the players pool had hit it there would have been three winners. The payoff would have been around 300k so 6-1 on there 50K risk. best case scenerio was 18-1 if they had the lone winning ticket
Also keep in mind that this 6-1 comes with a tax form as well since the total payout would have been over the threshold. Most times, even when they hit, people lose money because the return was less than the investment. Then you get the double whammy of losing money and still getting a tax form.

Of course, none of this matters, because, as Hooves pointed out, even with 50k to play with, they didn't go deep enough in the most wide open race in the sequence.

Paul
Reply With Quote