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#1
07-13-2006, 02:46 PM
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Is this possible, will it work?
Ok, Joe Blow bettor is at the track and hits a Pick 3 that pays $1,400. Is this possible?
He takes his winning ticket and puts it in the self service machine. Would it not just print you off a voucher for $1,400? Then, Joe Blow bettor plugs in $500 to win on a horse in a race 1 hour away, and $400 to win and $500 to place on another horse in another race. Then, he decides he wants to just get a refund (hint) before the races go off. Would he not get his $1,400 and avoid the Tax Man? 
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#2
07-13-2006, 02:47 PM
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Never happen.
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#3
07-13-2006, 02:48 PM
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$1,400 ticket does not mean you have a signer.
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#4
07-13-2006, 02:48 PM
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What do you mean?
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#5
07-13-2006, 02:48 PM
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tvg just sent me some tax info stuff
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#6
07-13-2006, 02:49 PM
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Right, you get some type of message telling you to "Go to the IRS Window" ... i've tried
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#8
07-13-2006, 02:51 PM
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Why would you want to avoid paying taxes? Thats illegal. If you are that pathetic, then find a 10 % er, you know the bums who hang around tracks to cash people who have job's tickets. Funny how some people are so desperate to make a living.
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#9
07-13-2006, 02:51 PM
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I am confused, it's based on the odds of the horse(s) ?
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#10
07-13-2006, 02:51 PM
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KEV i miss you and love you
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#11
07-13-2006, 02:52 PM
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#12
07-13-2006, 02:52 PM
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No, I would not do that, just curious I was brainstorming, more like daydreaming, earlier today
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#14
07-13-2006, 02:53 PM
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got ya, thats how it works
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#15
07-13-2006, 02:54 PM
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Oracle and the guys would probably know best, but out here the $2 payoff has to be $600 or more to be a signer ... I had a $5 exacta on the Derby that paid $587 for $2 and I didn't have to sign .... not sure if the minimum amount is different from state to state
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#17
07-13-2006, 02:54 PM
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I should know this having been a Teller but it never came up
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#18
07-13-2006, 02:57 PM
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One individual tried this move a couple months ago and lets just say that he was found and dealt with in a physical manner. True story, I know the loser from the track who tried to pull this off. I can tell ya that at Beulah and Scioto their are 2 or 3 guys every single day their that do nothing but sign
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#19
07-13-2006, 02:58 PM
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You pay taxes when you hit for $600 or higher based on a $2 ticket.
Say if you hit a double that pays $700 for $2. If you were smart enough to place $1 tickets you would be exempt from the taxes. But if you made a straight $2 wager or higher you pay taxes. Always make $1 wagers on exotics.
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