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Old 09-27-2017, 11:08 PM
$bill $bill is offline
Les Bois
 
Join Date: Mar 2012
Posts: 35
Default How to bet P4, p5 and Rainbow under new rules

If you are playing p4,P5 and rainbows using the Steve Crist method, how do you bet now? for example.:

If you bet a back up ticket that costs $2 and hit for $700 do you get taxed as before if it's the only bet on your ticket?

If you put a 2nd back up ticket for another $2 on same ticket then are you OK?

How do you put multiple bets/tickets together when betting online?

Thanks for any guidance
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  #2  
Old 09-28-2017, 08:22 AM
Holybull1 Holybull1 is offline
Morris Park
 
Join Date: Nov 2014
Posts: 124
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Quote:
Originally Posted by $bill View Post
If you are playing p4,P5 and rainbows using the Steve Crist method, how do you bet now? for example.:

If you bet a back up ticket that costs $2 and hit for $700 do you get taxed as before if it's the only bet on your ticket?

If you put a 2nd back up ticket for another $2 on same ticket then are you OK?

How do you put multiple bets/tickets together when betting online?

Thanks for any guidance
From what I understand (grain of salt), if you bet live at the track, it goes by actual paper ticket. So if your $2 saver ticket hits, then you're taxed based on the $2 bet.

If you bet via an ADW, then all your bets into the pool count as your ticket cost, regardless of how many separate "tickets" have been placed.
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  #3  
Old 09-28-2017, 09:40 AM
Kasept's Avatar
Kasept Kasept is online now
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default

Quote:
Originally Posted by $bill View Post
If you are playing p4,P5 and rainbows using the Steve Crist method, how do you bet now? for example.:

If you bet a back up ticket that costs $2 and hit for $700 do you get taxed as before if it's the only bet on your ticket?

If you put a 2nd back up ticket for another $2 on same ticket then are you OK?

How do you put multiple bets/tickets together when betting online?

Thanks for any guidance
Quote:
Originally Posted by Holybull1 View Post
From what I understand (grain of salt), if you bet live at the track, it goes by actual paper ticket. So if your $2 saver ticket hits, then you're taxed based on the $2 bet.

If you bet via an ADW, then all your bets into the pool count as your ticket cost, regardless of how many separate "tickets" have been placed.
On track, if calling bets to a mutuel clerk, you will want to have them assemble the plays on a single 'punch' which they absolutely can/will do.

ADW accounts will bundle your plays in any single pool you're betting into.
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