Is this possible, will it work?

[GPK]

Originally Posted by GPK

By federal law, any wager which results in proceeds of $600.00 or more must be reported to the Internal Revenue Service (IRS), IF the amount of such proceeds is at least 300 times as large as the amount wagered. Any wager which results in proceeds of more than $5000.00 is subject to withholding, if the amount of such proceeds is at least 300 times as large as the amount wagered

AGAIN....if you do a $100 straight exacta and it you get back $2,000 = no taxes because it is less than 300 times the amount wagered and less than $5,000.