Gambling and taxes

[Port Conway Lane]

Originally Posted by tector

Well, I had small piece of Take Charge Indy pre-race. I took your suggestion on Liaison. I am hoping he will appreciate the dirt more.

I like the bozo in that thread who called futures a "sucker bet". First I am still WAY ahead on futures for having Concern back in the BCC back in the day. Second, I have had tremendous value on a few occasions, most recently Eskendereya at a 100-1. If I had been so inclined (I wasn't) I could have easily converted that ticket to very substantial cash a week or two before the Derby. When I see a dumb generalization like his, I know I am dealing with a true idiot.

I don't think someone who believes that the future bet is a "sucker bet" is either a bozo or idiot. If someone took a poll my guess would be that more people would vote yes than no.

When someone makes a future bet they are betting the horse will make it to the gate. If I had the means to easily "convert" the wager I may take a shot. I'm wondering why you didn't convert that ticket when you had a chance.