NYRA to offer dime supers

[trigger]

Starting Sunday at Belmont

http://www.drf.com/news/article/88985.html

[losealot]

I need help in understanding the tax rules on dime supers. I'd appreciate your help. Thanks!!!!

[David-LV]

Originally Posted by losealot

I need help in understanding the tax rules on dime supers. I'd appreciate your help. Thanks!!!!

Both conditions must be met to sign and receive a Tax Form W2G:
At lease 300 to 1
Must pay more than $600

Also if payout is more than $5000 they will take out 25%

__________
David

[GARY Z]

great idea for Belmont,but will probably be short circuited at
the big A during the winter months with short fields

[Zman179]

Originally Posted by GARY Z

great idea for Belmont,but will probably be short circuited at
the big A during the winter months with short fields

Doubt it. They get some pretty decent fields in the Maiden Claiming $25,000 state-bred class. Ninth race is usually good for at least 10 horses.

[boomman]

Great to see NYRA wake up to this wager! About time!

Boomer

[rrbauer]

Caveat. Not available to NY players on NY ADW network until software has been updated. Anyone know if that has happened? Available on-track at self-service terminals only.

[Tom]

They said it was available on the ADW on the recap show this morning.
What about YouBet?

[Greyfox]

Originally Posted by boomman

Great to see NYRA wake up to this wager! About time!

Boomer

You probably know considerably more about the super than I do, as I don't play it very often.
Are you really sure though that this won't impact the dollar super tri players and bring their scores down?

I mention this because at Mountaineer or a similar track several months ago,
the price went on the board that the Super tri paid $ 165,000 or so.
But what really happened was there was only about $ 40,000 in the entire super tri pool. Hence, the super was actually caught by two dime bettors making $ 16,500 or there abouts each. So great. These two dime players got a big score quick. At the same time though all of the $ 1 dollar bettors were skunked.
Is the dime super fair to the dollar bettor?

[Zman179]

Originally Posted by Greyfox

Is the dime super fair to the dollar bettor?

No, but you'll have to adjust. Therefore, you should completely discontinue making $1 wagers in the super whenever you have bombs on the ticket. $1 players would be better off playing the trifectas.

[Greyfox]

Originally Posted by Zman179

$1 players would be better off playing the trifectas.

Okay. The $ 1 players wise up in time and quit the super tri pool.
Seems to me the dime boys wouldn't get so much.

[Pace Cap'n]

Is $2 to win unfair to the $100 bettor?

[Indulto]

Originally Posted by Pace Cap'n

Is $2 to win unfair to the $100 bettor?

[Gibbon]

...if payout is more than $5000 they will take out 25%

This statement is somewhat deceptive. If one bets a nickel hits for 5 dimes then yes 25% is withheld despite not meeting 300-1 criteria. However, if one bets 10 dimes on an even money shot and wins then NO withholding tax is imposed.






_______________
Big Blue; 12 sacks!

[Greyfox]

Originally Posted by Pace Cap'n

Is $2 to win unfair to the $100 bettor?

Absolutely not. See how many supers you can get for your $ 2 bucks though.
Not being a super player, I still see dime players as piggy backing.