Re: On the contrary (659 Views)
Posted by:
JohnTChance (IP Logged)
Date: July 10, 2006 05:35PM
Two points regarding this are made in Steve Crist's new book, EXOTIC BETTING.
1. A superfecta that pays $48,000 for $1 will be reduced by $12,000 in federal withholding. However a dime superfecta that returns $4,800 for 10 cents will NOT be subject to withholding because it falls below the $5,000 threshold. For this reason, superfecta players should consider making their bets in dime increments wherever possible. Ask your favorite teller [or your favorite SAM machine] to "repeat." "Repeat that 10 times, please."
2. Fears that the 10-cent superfecta somehow hurts "the big bettor" is short-sighted. Remember the days of the $5 exacta? Dropping the minimum by a factor of 5 has led to an explosion of the exacta pools through greater participation of the unsophisticated player. In the long run, the good players benefit.