Kip today
 

Will we see one of those 200k bridge jumper show bets today?

Depends on whether or not somebody needs to lauder some money.

With his running style, it is a good bet. 2 horses in the race couldn't beat him if they had a 1/16th on him at the start.

Im going the other way 20 to show on the rest. Basicaly 39.80 for a huge payoff. Right about 60k in pool and 55 on kip. Of course Kip has got to mis the board but Im taking the chance.

As of right now...

$104,752 to show on Kip, pool total is $129,562

Closed at over $200K. Nice little score for somebody. But unless you are laundering money, it still is not a smart way to make such a small return.

How is that laundering money? Maybe changing counterfit to real cash but only if you got a blind teller.

We had a discussion about this on another thread. Basically there may be a way to make some of these huge last minute bridgejumps electronically. Zenyatta had 200K put on her in the last minute last week. How do you lay down 200K in the last minute before a race goes off, that was the question?

I guess if you have the money in the account it's all good. There are several at Arl who have that on account but it's in a twin spires account and surely that's not a way to launder money. The catering business or a paid parking lot or even a laundermat (cash. cash and cash) would be much more appropriate.

Hockey posted a meeting in California about the issue of using computers to what they call "batch" wager. It was apparently a problem if they brought it up first on the agenda. It might not be the way to launder money though.

I was just trying to figure it out myself. I was just confused on how anyone could make a 200K bet with a minute to go in a race. The 100 dollar bill is the largest denomination made currently, so the teller would have a hell of a time. Or splitting the money up between a bunch of diff. people... dont see that. I am still not sure how this was done, and how it is done.

not sure about the rest of the country but in Chicago if you swipe your card and hit other amount you can enter 200K and all is good provided you had the money in the account.

When you say 'launder money' I'm thinking of trying to create a legit source or more like what appears to be a legit source of money to be claimed with the IRS. (ie drug, booking proceeds into a house, bank account etc.)

Apparently a heavyset fellow bicycled to the front of the line with a large duffle, and they counted out paper money by hand for 3 minutes straight:rolleyes:

I was thinking that the other poster was thinking it was a way to turn money in some account that was illegal, some offshore source, into cash. Your definition, is what I always assumed was the correct definition of laundering.

A person has a bunch of cash coming from illegal sources and tries to get it into a legitimate bank account or some other investment that is tagged legal, whether it be through taxes, or some other means.

I thought launder meant to make clean. So one would cleanse illegal "dirty" cash proceeds into a fluffy fresh smelling account. Maybe I am wrong.

No swipe cards for that type of money here (San Antonio). Restrictions on how much you can take out of your ATM at the track. Of course Texas is a relative infant to horse wagering compared to other states. State rules are quite strict about betting. About a year ago they rounded up a little group helping some of the bigger businessmen make illegal football wagers... printed many names in the paper. The parimutuel wagering on horses had failed before in legislation, and there was a big fight over that and the lottery here. This is basically a state that does not like gambling, just church bingo.

Ooooooo...
bicycled, heavy set....