The Guy who got to bet the $100K can buy a new rug now...

[Buster]

gawd damn you got to wonder if it is all worth it...this guy is being ridiculed worldwide about his hair...hehehe...wonder which media outlet will be first to ask him about it point blank?

i almost feel sorry for him...a whole lot of comments made on websites and twitter...maybe he will get a paid endorsement from bosley out of this and all will be well again...

as of right now he is the laughing stock of the world....

 

[JTrotter]

Taxes aside he better go directly to nearest hairpiece outlet.


wil.

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[Dante]

Taxes aside he better go directly to nearest hairpiece outlet.


wil.

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that is the worse rug job ever.... hilarious!:lolBIG::lolBIG:

 

[Gravy]

That has to the the luckest donkey wagering on a horse race but good for him and glad he won but dude come on and get a real rug for the head of yours with all that cash you have now hno:

 

[bucsfan67]

we're all laughing at him now, in a few weeks, we'll see a pic of him in a tabloid, with all that money, partying with the PussyCatDolls, and his rug sitting on the table next to them...

 

[Doug]

guy is also a runt....unless the newsguy is like 6-9 ?

makes george's rug on Seinfeld look good.

 

[letsgohoosiers]

The 300-1 isn't the only factor. Any ticket worth $1,200 or more has to be reported and any ticket worth $5,000 or more has to be reported along with a 28% deduction.

How exactly do they determine "worth"? Through expected value? Risk? To Win?

 

[Doug]

I'd rather be younger and good looking and tall and poor than be this guy.....

I'm not all of those things, BTW. Maybe have 3 of those qualities, two for sure.

 

[Doug]

How exactly do they determine "worth"? Through expected value? Risk? To Win?

payoff maybe.

I only had one to ever report....a trifecta at jai alai.

seems to me $2,000 on an even money horse to win shouldn't be taxed, but that's not me, we have guys here that are horse players.

 

[GREENHEAD]

I am 100% sure taxes will not be taken out.
Its up to him to report "income".

 

[Bennyshoe]

I kinda missed the backstory maybe. This is just some regular dude who bet 100K on Super Saver?

 

[letsgohoosiers]

I kinda missed the backstory maybe. This is just some regular dude who bet 100K on Super Saver?

He won a sweepstakes that was "Place $100K of our money on a horse in the derby". Picked the winning horse.

 

[Willie99]

IDK if a w2G will be issued, but the government knows he won and he be best advised to claim it.

Don't want to join Snipes or that first survivor winner.

Of course, if he became treasury secretary, no problemo.

 

[Doug]

I am 100% sure taxes will not be taken out.
Its up to him to report "income".

If you say so, I don't know.

 

[SportSavant]

remember the first guy from survivor?

he got busted for not reporting on his winnings, so obviously he got the full thing initially and it was expected he would report.

Richard Hatch I beleive.

 

[DrunkenHorseplayer]

How exactly do they determine "worth"? Through expected value? Risk? To Win?

"Worth" is whatever value the ticket holds when one goes to cash it. For example, if you bet a $10 trifecta and it hits and the $1 trifecta pays $315 then your ticket would pay $3,150 at the window. Therefore, it would be reported to the feds. This is why so many people at the track bet 5 or 10 $1 trifectas instead of one 5 or 10 dollar tri.

 

[Bennyshoe]

He won a sweepstakes that was "Place $100K of our money on a horse in the derby". Picked the winning horse.

Oh i got it...so it wasn't his money if he lost but he keeps the winning. Wow..lucky bastard.

 

[Doug]

"Worth" is whatever value the ticket holds when one goes to cash it. For example, if you bet a $10 trifecta and it hits and the $1 trifecta pays $315 then your ticket would pay $3,150 at the window. Therefore, it would be reported to the feds. This is why so many people at the track bet 5 or 10 $1 trifectas instead of one 5 or 10 dollar tri.

Well doesn't the $1 hit at $315 get reported too ( over 300-1, eh ?), but I think you suggest if it paid $290, you're cool, and ten $1 tickets are way better than one $10 ticket.

 

[Doug]

This horse racing shit is already taxed heavily, should be tax free if you can bet this and win against a 20% hold, a guy might get lucky and hit a tri, but 99% + of people at the track lose, forget the tax on this, or maybe only on 100k+ pick 6 type of stuff. Hitting a $1,000 triple isn't income.

 

[DrunkenHorseplayer]

Well doesn't the $1 hit at $315 get reported too ( over 300-1, eh ?), but I think you suggest if it paid $290, you're cool, and ten $1 tickets are way better than one $10 ticket.

Correct; I meant to type $215 and $2,150. Too much liquor earlier.