Keeneland Rebates

[the_fat_man]

He's definitely as legit as they come and sooner or later he's gonna get all the major tracks on board.

Which means, with the rebates, present losers will become winners. I mean, those who can't show a positive ROI presently will be able to eek out a decent living (should they choose so) by betting enough and getting a rebate.

So, if you can't beat the game UNAIDED, you can now beat the game LEGALLY with rebates. Those using the figures or programs of others would have no problem in this area.

HOWEVER, as a cop once told a friend of mine who was about to get into a fight outside of St. Paddy's Cathedral: "I've got the winner."

And that's exactly what Uncle Sam says. Got a problem with the high takeout. Can't win betting the ponies? NO PROBLEM. Sign on for some legal rebates, turn a profit, and give up a nice chunk of it to Uncle Sam. And HIS take is HIGHER than the takeout.

P.S. if you're not a 'professional' gambler, then you can't declare your expenses. Those sheets add up. OUCH.

Kind of puts ANONYMOUS, full payout track betting OR even local 5% takeout OTB betting in a whole new light. Of course, you'd have to be able to show UNAIDED profit in these cases.

I mean, can you imagine putting in all the time and effort to achieve the skill and discipline to be able to pull out $100K plus a year from betting and then have to give up 40% to Uncle Sam? This, on top of the high takeout. Now, THAT's GETTING BENT OVER LIKE A BITCH.