Posted: 7/31/2018 9:39:04 AM
this recently changed
Its 300/1 of total investment into the particular pool on each bet you make -- it used to be 300/1 of the base wager denomination (300/1 of .50 cent in below wager)
Now if you played a .50 cent tri box for total cost of $3 you are good up to $900 (vs $150 in old rule)
New rule is **IRS will consider the inclusion of a bettor's entire investment/bet in a single pari-mutuel pool when determining the amount reported or withheld for tax purposes, as opposed to only the amount wagered (base amount) on the correct result.
So when playing the horses if you like multiple combinations on exotics and multi race wagers try to play them all on one ticket if you can fit that in your budget vs playing many small tickets
This is HUGE for pk 4, 5 and 6 as those come back at over 300/1 on base wager almost every time