Gambling and taxes

[Split Rock]

The biggest problem I have with the future bets are when the pools close. If I'm not mistaken, they close AFTER the major prep races are run that weekend. This totally eliminates value on horses who run well in the prep races.

I think if the pools closed on Friday, they might be more worthwhile. Assume you have a priced runner you liked in a Derby prep and you're getting 100-1 on him in the Derby. If he runs to your expectations in the prep, his odds plumet.

By the way, I only bet one horse in future pools and it was Tejano Run in the 1995 Derby. I stood to collect 2500 if he won. Of course, he ran 2nd and I collected zip.