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

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Handicapping Discussion


Reply
 
Thread Tools Rate Thread
Old 03-04-2018, 10:23 PM   #61
big frank
Registered User
 
Join Date: Jul 2008
Posts: 386
taxes

if you make 5 withdrawls in a year of 400 bucks each time ,, do you pay taxes on the 2,000 dollars ? I guess you probaly have to.......if you don't withdraw at all do they report your winnings to irs at end of year like otb would ? ?? I love horsetourneys and havent requested a payout yet......... Is there any way around the tax issue if you take a few small payouts a year ??? Thanks
big frank is offline   Reply With Quote Reply
Old 03-05-2018, 06:09 AM   #62
depalma113
Registered User
 
Join Date: May 2009
Posts: 1,725
Quote:
Originally Posted by big frank View Post
if you make 5 withdrawls in a year of 400 bucks each time ,, do you pay taxes on the 2,000 dollars ? I guess you probaly have to.......if you don't withdraw at all do they report your winnings to irs at end of year like otb would ? ?? I love horsetourneys and havent requested a payout yet......... Is there any way around the tax issue if you take a few small payouts a year ??? Thanks
You pay taxes on what you earn, not what you withdraw.
depalma113 is offline   Reply With Quote Reply
Old 03-05-2018, 04:41 PM   #63
big frank
Registered User
 
Join Date: Jul 2008
Posts: 386
Thanks , i thought so .. So i guess they report to the irs your earnings for the year no matter what.............
big frank is offline   Reply With Quote Reply
Old 03-06-2018, 10:02 PM   #64
Trackyourplays
Registered User
 
Join Date: Feb 2018
Posts: 2
123, or 12

Derby Wars counts win, place and show in their contests, and Horsetourneys count only win and place
Trackyourplays is offline   Reply With Quote Reply
Old 07-29-2018, 10:37 PM   #65
Afleet
Registered User
 
Join Date: Nov 2014
Location: Missouri
Posts: 2,190
Had a bad day saturday at the track and was bored so handicapped on the the fly a Saratoga contest today. Hung on for 3rd but it was a top 3 split so its like winning

Surprised they can't completely fill a contest for Saratoga. Where did everybody go? Purse $450 instead of $750 due to lack of entries.

1$ shamin2nd(1) 5 82.10
2$ hockey2817(1) 10 77.50
3$ afleet(1) 10 63.10
4lucky512(1) 8 55.50
5maximus(1) 7 44.30
6trimp(1) 7 44.00
7daqboy43(1) 8 40.90
8jazkk(1) 5 37.50
9silvercharm1(1) 12 23.50
10celtics142(1) 10 19.00
11buddy(1) 1 14.90
12tcat(1) 9 13.60
13colodreamer(1) 2 9.50
14febb61(1) 7 7.60
15meangreen91(1) 8 3.20 close

GAME RULES FOR NEW: $750 GAME TOP 3 SPLIT* (WPS) SAR Last 8
*Based on 25 entries
Game Type: Bullet
Each player selects one horse per race. Scoring is based on track payouts.
Bet Type: $2 Win-Place-Show
Caps: Payoffs are capped at $32 to win, $18 to place, $10 to show
- All races close at about 1 minute to post.

Minimum entries for tournament: 11
Maximum entries for tournament: 25
Max entries per player: 3
DerbyWars Point Bonuses:
Player's bonus = 25 points
Afleet is offline   Reply With Quote Reply
Old 07-29-2018, 10:40 PM   #66
Afleet
Registered User
 
Join Date: Nov 2014
Location: Missouri
Posts: 2,190
Jul 28
FEATURED (SATURDAY) - NHC Tour Free Contest - PICK & PRAY - Must be 2018 NHC Tour Member
816th of 1867

no so good on this one. Score Total: $30.70

at least 167 players w/@0.00

64 Matt Bernier - Entry 1 $76.40

Last edited by Afleet; 07-29-2018 at 10:49 PM.
Afleet is offline   Reply With Quote Reply
Old 07-29-2018, 10:43 PM   #67
GMB@BP
Registered User
 
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
I find less action in the cash games than in the feeders and qualifiers, head 2 head.

I was in a qualifier that had 44 people on Saturday. (finished fourth, just missed going to vegas).
GMB@BP is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 10:17 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.