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Old 05-17-2012, 01:04 AM   #16
WaHoo
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Quote:
Originally Posted by MAGICHORSEMAN
I think you mean that there is no winning tickets for the player's pool for the derby.

There actually were winning tickets in the pick 6 and other pools for the derby.
What in the hell did you ask for????

twinspires pool, these idiots blew a 100k
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Old 05-17-2012, 04:31 AM   #17
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Quote:
Originally Posted by MAGICHORSEMAN
I have only played with the pool once before and made a 33% profit on my investment. But I had to pay taxes on it also.

It was a very very small profit.
Bought a few shares for the 2011 Breeders Cup they hit a piece of the Pick 6,and a super,got $100+ return back for a miniscule profit,and forgot about it....
until after filing my taxes a TS 1099 appeared in the February mail,necessitating an amended IRS filing.Never again....
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Old 05-17-2012, 04:36 PM   #18
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Originally Posted by horses4courses
You mean to tell me that your return was over 300-1 on your investment?
Three times????
I think not......

Do you have to declare taxable income when you're part of a syndicate who manages to hit a ticket, or two, that are signers?
Say, you invested $100. Things went well that day, and you get back $500.
In the meantime, you are taxable on your return.
Imagine if you had to sign every time you hit a $10 winner.

The only tangible method of describing your experience in this pool is with ROI.
Anything else (apart from net $ win/loss) is blowing smoke.
Yes I claimed them on my tax return but they were off set by my wifes casino losses. So far I have invested $2200 and got back $3975 for a profit of $1775 which is ok with me.
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Old 05-17-2012, 07:31 PM   #19
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Originally Posted by Lt1
Yes I claimed them on my tax return but they were off set by my wifes casino losses. So far I have invested $2200 and got back $3975 for a profit of $1775 which is ok with me.
That's an excellent ROI.
Maybe I misjudged the syndicate deal
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Old 05-17-2012, 08:31 PM   #20
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Quote:
Originally Posted by horses4courses
That's an excellent ROI.
Maybe I misjudged the syndicate deal

As i stated the team that picked for the Derby was not the same as the prior pools. After their poor performance at the Derby if don't do better at the Preakness it maybe time to say goodbye.
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Old 05-17-2012, 08:32 PM   #21
Karakiozis
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Quote:
Originally Posted by WaHoo
What in the hell did you ask for????

twinspires pool, these idiots blew a 100k
The Twinspires player's pool is good only for TWINSPIRES
What is the cut for TWINSPIRES on $100.000 bet through them?
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Old 05-17-2012, 08:56 PM   #22
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I know Rich Nielsen of Bloodstock Research was one of the originnal three members of the Players Club handicapping team, but he's moved on, as have the other two.

Does anyone know who are the people currently in charge of making the selections and putting together the ticket strategy for the Twin Spires Players pool?


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Last edited by Vinman; 05-17-2012 at 08:58 PM.
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Old 05-17-2012, 09:02 PM   #23
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I played twice last year. 10.00 each time. Got 2 1099's in January. One for 13.00 and one for 95 cents. Since I bet 20.00 to lose 6.05 i guess I don't have to worry about the taxman.
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Old 05-17-2012, 09:17 PM   #24
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I found the current Players' Pool team members posted on the Twin Spires website under that topic. Ed DeRosa, Jude Feld and Michael Beychok.

The Preakness Players pool is sold out at $50,000. The "promo" on the website states that the Twin Spires Players Pool will be going after "a host of pools" on Preakness 138 Day".

Why not stick with just one....the Pick 6...and get it right this time? On Derby Day they spent over 50K of their 100K bankroll on the Derby Day Pick 6 and missed out on the $675,000+ payoff. Ouch.....

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Last edited by Vinman; 05-17-2012 at 09:20 PM.
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Old 05-18-2012, 01:11 PM   #25
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What percentage of a Players Pool member's winning are withheld by Twin Spires for tax purposes?


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Old 05-18-2012, 01:36 PM   #26
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pecentage

Quote:
Originally Posted by Vinman
What percentage of a Players Pool member's winning are withheld by Twin Spires for tax purposes?

Vinman

I think it is 28 percent
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Old 05-18-2012, 01:38 PM   #27
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reason for asking

Quote:
Originally Posted by WaHoo
What in the hell did you ask for????

twinspires pool, these idiots blew a 100k

I know that the pick 6 was hit. But I wanted to know if the players pool actually hit the pick 6. Or if the players pool hit any of the bets made for the group.

The group used to be able to hit some good payoff but not anymore.
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Old 05-18-2012, 04:56 PM   #28
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Quote:
Originally Posted by MAGICHORSEMAN
I know that the pick 6 was hit. But I wanted to know if the players pool actually hit the pick 6. Or if the players pool hit any of the bets made for the group.

The group used to be able to hit some good payoff but not anymore.

The Players Pool did not hit the Derby Pick 6 for $675,000+ according to their 21 earlier posted Pick 6 tickets. The closest they came was with their $1,440 ticket #4, which hit the first four legs. Then in leg 5, the turf stake, they used the 2,4,5,9,10,11 on 16 of their 21 tickets, representing $48,732 of their total Pick 6 investment of $54,252. They used the 3,6,7,8 on the other 5 tickets accounting for the remaining $5,520 of the $54,252.

Unfortunately, they did not use the 1, Little Mike ($26.40), on any of their P6 tickets in Leg 5. Even if they had included him on the 5 tickets with the 3,6,7,8...presumably their "B" horses in terms of how they structured their bet, they still would not have hit the Pick 6. They had only 3 (three) of the 21 tickets the Derby winner, I'll Have Another ($32.60) in the final leg. Each of those three tickets consisted of 3,7,8,10,13,14,15,16,18,19....all coupled with 2,4,5,9,10 in Leg 5.

But wait!....there's more.....even if they had used Little Mike on the 16 tickets that used 2,4,5,9,10,11 in Leg 5....they STILL DON'T HIT IT. At that point, they would have been 5 for 5 on tickets 4 ($1,400), 8 ($1,080) and 11 ($3,600). There was just one small problem....on each of these tickets they singled the 4, Union Rags, in Leg 6, The Derby.

It does not appear that they cashed any 5 of 6 conso's either.


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Old 05-18-2012, 06:07 PM   #29
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They hit nothing. I don't recall the prior team ever having any tickets with singles and if I recall right they stuck mostly to the pick 6.
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Old 05-19-2012, 10:09 PM   #30
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Kinda late to the topic but thought I would add...

How do you play the super in the Derby and use "all" in multiple legs? Where is the handicapping involved in that? Don't know a single player that used horses like Done Talking or Trinniberg in any spot, much less the 2nd. That's just lazy.

They played the Super High 5 too. Has that bet ever hit on the Derby? Seems like it is always a carryover for Churchill.
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