Picking tracks

[westcoastinvader]

Beating the tax man is a lesson for another day though, and the SFC is a tough wager to cash on - so learn the basics first (although playing a small 10 cent ticket once in a while might pay off nicely, so don't be afraid to give it a go once you understand the basics).[/quote]


VERY GOOD post Groundhog.

I especially liked the insight on the .10 wagers. I had read and thought about that before back in the ESPN board days, but it had left my potential playbook until you once more mentioned.

One addendum I will make......that we all know........as good American taxpayers.......is that all winnings should be declared as income. Whether the the withholding plateau is reached on the individual wager, or not.

I normally have at least a couple of signers each year.

But I also toss my losing tickets into a manilla envelope to offset the profit come tax filing time. I toss in my lottery losers, too!

I actually get a real kick going to the CPA and giving him the docs for my gambling winnings. It seems that's not all that common of an occurence.