Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

		Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board
Sidebar

Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board (http://www.paceadvantage.com/forum/index.php)

- Advance Deposit Wagering (ADW) (http://www.paceadvantage.com/forum/forumdisplay.php?f=57)

- - CASH WAGERING (http://www.paceadvantage.com/forum/showthread.php?t=173796)

delayjf

12-13-2022 08:18 PM

CASH WAGERING

With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past

therussmeister

12-14-2022 11:39 AM

Quote:

Originally Posted by delayjf (Post 2847020)

With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past

And I'm predicting it won't.

Dave Schwartz

12-14-2022 01:37 PM

The wager transaction fees on a $2 bet would cause a significant problem.

I think it won't come before casino buy-ins and cash outs are required to be electronic.

And casinos have a big lobby.
Plus, states' rights is on our side.

davew

12-14-2022 04:07 PM

Quote:

Originally Posted by delayjf (Post 2847020)

With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past

doesn't anyone go to the tracks except the workers?

deelo

12-18-2022 10:35 PM

Quote:

Originally Posted by delayjf (Post 2847020)

With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past

I'm failing to understand what even remote connection you're making here, totally lost.

AndyC

12-19-2022 06:15 PM

Quote:

Originally Posted by Dave Schwartz (Post 2847163)

Is there a significant problem with transaction fees on electronic wagers now?

Dave Schwartz

12-19-2022 08:44 PM

Quote:

Originally Posted by AndyC (Post 2848268)

Is there a significant problem with transaction fees on electronic wagers now?

No, but imagine what happens if EVERY BET has to be run through the system.

AndyC

12-20-2022 06:33 PM

Quote:

Originally Posted by Dave Schwartz (Post 2848316)

No, but imagine what happens if EVERY BET has to be run through the system.

What percentage of bets is currently run through the system?

Dave Schwartz

12-20-2022 09:49 PM

Quote:

Originally Posted by AndyC (Post 2848478)

What percentage of bets is currently run through the system?

No idea.

All times are GMT -4. The time now is 09:39 PM.

» Advertisement

» Current Polls
Which horse do you like most
Dornoch - 67.74%
Track Phantom - 32.26%
Total Votes: 62 This poll is closed.
» View Poll Results » Comment On This Poll » This Poll Has 17 Replies

All times are GMT -4. The time now is 09:39 PM.