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Originally Posted by seconditis
I always thought it was a $600 on a $1 bet (600/1). I have quite a few bets for a $1 and always pay when I get over the $600 limit. I really never bet big exoticts for $2 so I just figured the limit was $1200, but it is $600 on any bet from what I know. So correct me if I 'm wrong, but a $1 super ticket that pays $5,000 , you would be paying a lot of tax, but if I bet 10 10 cent super tickets they each pay $500 and I owe nothing. Unless I"m wrong, which is very possible, this is a great loophole in the rules. Yeah it would suck to have to keep punching in the same bet over and over at the track, but if you are not too lazy or the track is not too busy sounds like the way to go. Also if you bet online this is very easy to do.
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If the track offers a $.10 super and you want to bet a $1 (or any) combination your best bet is to make the bet at one of the machines (or online, etc) and repeat ticket 10 times. Does not take long to repeat the ticket. You will save the taxes if the $.10 payoff is <600. Only way to go.