Gambling and taxes

[tector]

Originally Posted by pweizer

Future bets in general are bad bets. Ask any race book manager whether these are hugely profitable for them. I assure you that we all know the answer.

Your claim that they are good bets are based on you hitting a bet about 20 years ago as well as the fact that you got 100-1 on a horse who never made the race.

The Eskendereya example is a perfect illustration. Did you get good value when you made the bet? Yes. Would I have taken that bet a few weeks out from the Derby? Yes. But, in the end, did you cash the ticket? The simple answer is no. There is no value in a losing ticket.

Paul, you are a complete and utter tard who has no idea what the fundamental concept in betting races means. Perhaps you can handicap your ass off, but when it comes to betting, you are a guaranteed loser.

[pweizer]

Originally Posted by tector

Paul, you are a complete and utter tard who has no idea what the fundamental concept in betting races means. Perhaps you can handicap your ass off, but when it comes to betting, you are a guaranteed loser.

I can't keep engaging you on this. I again congratulate you on your win in 1994. Maybe you can hit another future bet on the 20th anniversary of that wager if you keep plugging away.

I don't know how to respond to someone who things a losing bet at high odds on a horse who never ran in the race is a good bet.

There are more than 1000 horses listed on the Wynn odds sheet for a race that only 20 will enter in about six months. Sure sounds like value...

Paul

[tector]

Originally Posted by pweizer

I don't know how to respond to someone who things a losing bet at high odds on a horse who never ran in the race is a good bet.

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Yes, it is fairly obvious that you don't. That's the problem.