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  #1  
Old 03-05-2011, 09:25 PM
Scav Scav is offline
Saratoga
  
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Location: Northwest of The Chi
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$2 ticket can pay up to $599 before you are signing
$1 ticket can pay up to $599 before you are signing
50 cent ticket can pay up to $599 before you are signing
10 cent ticket can pay up to $599 before you are signing

Great hit!
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  #2  
Old 03-05-2011, 09:28 PM
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my miss storm cat my miss storm cat is offline
Saratoga
  
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That's awesome!

Congrats.
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  #3  
Old 03-05-2011, 09:54 PM
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trackrat59 trackrat59 is offline
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Super hit. Congrats.
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  #4  
Old 03-05-2011, 10:36 PM
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justindew justindew is offline
Fairgrounds
  
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It's nice to see that the Redboard Police are out living it up on a Saturday night. I hate those guys.
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  #5  
Old 03-05-2011, 10:44 PM
Dahoss Dahoss is offline
Keeneland
  
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I hate those guys.
Trust me....the feeling is mutual.
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  #6  
Old 03-05-2011, 10:48 PM
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Congratulations. I cut my cock and balls off too. Only redboards from here on out.
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  #7  
Old 03-05-2011, 10:54 PM
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justindew justindew is offline
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There they are!!!!

Which one's the bad cop?
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  #8  
Old 03-05-2011, 11:40 PM
SilverRP SilverRP is offline
Turf Paradise
  
Join Date: Mar 2007
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Quote:
Originally Posted by Scav View Post
$2 ticket can pay up to $599 before you are signing
$1 ticket can pay up to $599 before you are signing
50 cent ticket can pay up to $599 before you are signing
10 cent ticket can pay up to $599 before you are signing

Great hit!
I really thought it was different depending on the amount of the bet. Also, sorry for the redboarding. I really didn't mean to do it. Just wanted to know before I go back to track tomorrow so I'd have a clue of what to expect. Been so close with my small bets, but finally came through. Had a lot of luck. I was sweating bullets during the inquiry in the Big Cap. Thanks everyone!
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  #9  
Old 03-06-2011, 12:09 AM
Port Conway Lane Port Conway Lane is offline
Randwyck
  
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Quote:
Originally Posted by SilverRP View Post
I really thought it was different depending on the amount of the bet. Also, sorry for the redboarding. I really didn't mean to do it. Just wanted to know before I go back to track tomorrow so I'd have a clue of what to expect. Been so close with my small bets, but finally came through. Had a lot of luck. I was sweating bullets during the inquiry in the Big Cap. Thanks everyone!
One advantage of wagering on track is that if you cash multiple tickets just below the signing threshold you can redeem them at different windows. The same wagers made online will be reported to the irs.

Nice hit and really clever redboard
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  #10  
Old 03-06-2011, 07:41 AM
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herkhorse herkhorse is offline
Flemington
  
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Quote:
Originally Posted by Port Conway Lane View Post
One advantage of wagering on track is that if you cash multiple tickets just below the signing threshold you can redeem them at different windows. The same wagers made online will be reported to the irs.
Is this true? If it is, and someone has ten .50 tickets worth say 550.00 each, does the IRS come knocking on their door demanding the taxes up front?
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  #11  
Old 03-06-2011, 08:15 AM
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Kasept Kasept is offline
Steve Byk
  
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Quote:
Originally Posted by herkhorse View Post
Is this true? If it is, and someone has ten .50 tickets worth say 550.00 each, does the IRS come knocking on their door demanding the taxes up front?
Quote:
Originally Posted by Port Conway Lane View Post
One advantage of wagering on track is that if you cash multiple tickets just below the signing threshold you can redeem them at different windows. The same wagers made online will be reported to the irs.
If you are going to use the cashing at different windows gambit, you better BUY the tickets at several different machines. The imprinting on the tickets identifies the unit that punched them. If there were 10 plays at minimum and they were all punched at the same machine, self serv or not, the pattern is easily identified. It can be deduced that the same person person bought all of them in the specific attempt at tax avoidance. A couple years ago, the state government forced NYRA to send a letter to players that similar efforts with online accounts would have to be reported.
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  #12  
Old 03-06-2011, 08:37 AM
Port Conway Lane Port Conway Lane is offline
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Originally Posted by herkhorse View Post
Is this true? If it is, and someone has ten .50 tickets worth say 550.00 each, does the IRS come knocking on their door demanding the taxes up front?
The ADW provider will withold the taxes.
Quote:
Originally Posted by Kasept View Post
If you are going to use the cashing at different windows gambit, you better BUY the tickets at several different machines. The imprinting on the tickets identifies the unit that punched them. If there were 10 plays at minimum and they were all punched at the same machine, self serv or not, the pattern is easily identified. It can be deduced that the same person person bought all of them in the specific attempt at tax avoidance. A couple years ago, the state government forced NYRA to send a letter to players that similar efforts with online accounts would have to be reported.
I would think it would be more difficult to enforce witholding on these tickets.
This would require that an attempt to cash any of them would send a red flag to the teller immediatly.

Thanks for the heads up.
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  #13  
Old 03-06-2011, 09:19 AM
cal828 cal828 is offline
Hialeah Park
  
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Why cash alll the tickets at once? You have several months to cash any ticket. Why not spread out the cashing of the tickets over several days or weeks? For $599 I wouldn't mind going to the track every day.
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  #14  
Old 03-06-2011, 09:28 AM
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Kasept Kasept is offline
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Originally Posted by Port Conway Lane View Post
The ADW provider will withold the taxes.

I would think it would be more difficult to enforce witholding on these tickets.
This would require that an attempt to cash any of them would send a red flag to the teller immediatly.

Thanks for the heads up.
Don't think there is aggressive enforcement taking place generally. But the point is, that if mutuel departments need to, they can. They're sharper than people think.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
Last edited by Kasept : 03-06-2011 at 10:33 AM.
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  #15  
Old 03-06-2011, 09:47 AM
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geeker2 geeker2 is offline
Hialeah Park
  
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Location: San Diego
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Quote:
Originally Posted by Port Conway Lane View Post
The ADW provider will withold the taxes.

I would think it would be more difficult to enforce witholding on these tickets.
This would require that an attempt to cash any of them would send a red flag to the teller immediatly.

Thanks for the heads up.
Really? I've never had them withhold (TS/Youbet & Xpress).
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