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biprob

biprob

Joined
Jan 22, 2022
Messages
1,005
Sammy IMO
What's good jerky? I hate even bringing this up now for obv reasons (long fukking way to go) but I keep thinking about the tax implications if 1 of these hits. (1st one is with DEN [Finals] & 300k is with PHO [Finals] with the same 4 legs. Since it's obv more than 300-1 do they take 24% off the payout right after it hits or is that my responsibility come tax time? Also if this makes it all the way to the FO Men's Final & I cashout prior to that match for say 500k would that possibly avoid the 24% haircut since it technically voids the bet? If that's the case, the CO would have be the way to go since 1.14M would be reduced to 869k taking an unnecessary risk if Alcaraz were to lose to Rafa/Novak.
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JDS

JDS

Joined
Dec 11, 2021
Messages
49,100
What's good jerky? I hate even bringing this up now for obv reasons (long fukking way to go) but I keep thinking about the tax implications if 1 of these hits. (1st one is with DEN [Finals] & 300k is with PHO [Finals] with the same 4 legs. Since it's obv more than 300-1 do they take 24% off the payout right after it hits or is that my responsibility come tax time? Also if this makes it all the way to the FO Men's Final & I cashout prior to that match for say 500k would that possibly avoid the 24% haircut since it technically voids the bet? If that's the case, the CO would have be the way to go since 1.14M would be reduced to 869k taking an unnecessary risk if Alcaraz were to lose to Rafa/Novak.
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I’m hanging in there having a pretty good week up over 2k which is quite good for me. I understand it for the taxes to be taken out on the front end from my understanding. Which is probably a good thing so you don’t get the urge to sneak it by Uncle Sammy with a stern mustache lol. Definitely cashing out early to avoid the 24% might be something to consider. I love that you have the options & means to even place a bet like this.
 

biprob

biprob

Joined
Jan 22, 2022
Messages
1,005
I’m hanging in there having a pretty good week up over 2k which is quite good for me. I understand it for the taxes to be taken out on the front end from my understanding. Which is probably a good thing so you don’t get the urge to sneak it by Uncle Sammy with a stern mustache lol. Definitely cashing out early to avoid the 24% might be something to consider. I love that you have the options & means to even place a bet like this.
Good shit being up that much avoiding those 2 obv rat lines yesterday with Duke/Kansas being "suspiciously" small favs. Still couldn't resist parlaying them both figuring 1 would probably lose but def not both. Oh well, better for the Zags anyway, if they make the Elite 8 avoiding Kansas you would assume. You're right about the front end deal cuz I couldn't imagine cutting a check to Uncle Sam for 260k+ in the extreme likelihood I might be on massive tilt a year from now. This would be the obv Google search at that very moment.
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JDS

JDS

Joined
Dec 11, 2021
Messages
49,100
Good shit being up that much avoiding those 2 obv rat lines yesterday with Duke/Kansas being "suspiciously" small favs. Still couldn't resist parlaying them both figuring 1 would probably lose but def not both. Oh well, better for the Zags anyway, if they make the Elite 8 avoiding Kansas you would assume. You're right about the front end deal cuz I couldn't imagine cutting a check to Uncle Sam for 260k+ in the extreme likelihood I might be on massive tilt a year from now. This would be the obv Google search at that very moment.
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Word Dougie I don’t blame you for having these thoughts lol.
 

biprob

biprob

Joined
Jan 22, 2022
Messages
1,005
Word Dougie I don’t blame you for having these thoughts lol.
Makes you think twice about ever betting on anything barely over 300-1. This was over 1000-1 so that wasn't a consideration but say 325-1 or 350-1, I would remove a parlay piece to get it under 300-1 for the obv reason.
 
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