A New Low (State Government Edition)

[jms62]

Originally Posted by Calzone Lord

What a terrible law ... but what do you expect, it's horse racing? Even most of the industry leaders have no understanding of the betting aspect of the game.

If ADW's are forced to comply ... it's a whole other ballgame.

But, the law is primarily more of a nuisance than anything else.

With the low minimums of today, it's not hard keeping a net payout under $600 per winning ticket. Obvious exceptions being most Pick 4's, Pick 5's, and Pick 6's.

You can still hit a race for several thousand dollars, but just hit it on several tickets...and go sneaking around cashing them one at a time with different clerks.

It's a greater nuisance if you're an ADW account holder. Now, you'll need to open up several different ADW accounts ... seed them all with money, and play a little bit with each account to still be able to score out on a race and avoid the withholding.

It's an especially stupid rule because you're forcing bettors who already face mind-blowing high takeout rates ... to go sneak around like they're doing something shady and wrong ... in order to avoid suffering further penalties.

I usually play doubles and was hit on Oaks/Derby double cause it paid more than 5K on my ticket. I started looking at Probables and breaking my ticket up in situations where it will pay more than 5 K. Are you telling me that I am wasting my time because the ADW will aggregate my winnings on the race and not just look at the individual ticket?

[3kings]

Originally Posted by jms62

I usually play doubles and was hit on Oaks/Derby double cause it paid more than 5K on my ticket. I started looking at Probables and breaking my ticket up in situations where it will pay more than 5 K. Are you telling me that I am wasting my time because the ADW will aggregate my winnings on the race and not just look at the individual ticket?

That is correct. He is suggesting using multiple ADW's. Aren't NJ residents restricted though? Might not be an option for some.

[Travis Stone]

So if someone doubles up their $500 bet in a casino, they would have to fill-out a tax ticket? Oh yeah, that'll keep the pace of all table games moving along nicely. Awful.