UIC Breeders' Cup PK6 Project? (YES!)

[ozzy]

Bev, let me know you received Venmo. Didn’t have phone number to confirm. Best of luck to all!

[cherokeescot]

$2000 mark now achieved thanks to Ozzy.  To be eligible for todays contest please transmit money before 3.08pm 

Paypal : [e-mail]

Venmo : @bev-hendry

Zelle : 215-221-2670

[unusualpete]

bi for 100. zelle en route.

[cherokeescot]

Oct 29, 2022 9:05:39 GMT -5 unusualpete said:

bi for 100. zelle en route.

Got it

Thanks

[lure]

Sent my 50 via Venmo. Just to clarify, this is for next Saturdays BC p6 correct?

[UpInClass]

Oct 29, 2022 10:25:08 GMT -5 lure said:

Sent my 50 via Venmo. Just to clarify, this is for next Saturdays BC p6 correct?

Yes, indeed... Saturday BC PK6... it's going to be a great day!

[cherokeescot]

Please note if you are paying by Venmo etc please do not put goods and services as they deduct a fee if it’s not a payment to friends and family

Also Damascus can you check your messages

Thanks

Bev The Banker

[lure]

Sorry about that, I have only Venmoed a few times!!

[Badactor]

🙃 I can't believe that's actually a word... Venmoed.
The world is Leaps and Bounds ahead of us nowadays.

[damascus]

Bev

did my zelle not go through? i have no messages about it? If not let me know here

[e-mail] and i will resend one way or another

Dam

[damascus]

Bev,

Just to be safe I just resent new payment using the phone number instead of the email. Please let me know you got one of them!

thanks again

Dam

[cherokeescot]

Got it Dam .

Thanks

[Badactor]

2 shares for Team Del Mar.

[Badactor]

Where are we now?🐴🥰

[cherokeescot]

Bankroll as of 11.30 pm  Eastern Time on October 29 $2,350. I think we should close it at 5pm on Tuesday November 2 so that the handicapping team that Dell is assembling know what they have to play with.

Badactor $75
TurfEyeJoe $25* FREE Share. (🙄)
Cherokee Scot $125 
5 Wide $50
TC $50
TimS 70 AR $50
Otis $50
Ziggy $50
Shoes $50
Bobtailnag $100
SpiderJohn $100
Bert Convy $50
GeneRayburn $50
SB West $50
Hawaiian Dan $50
IBetPonies $25
Ten Furlongs $50
Arsignman $25
Elk $200
Doc $50
MaumeeRiverAngler $50
Hooper $50
PonyGirl $25
Damascus $100
Bitowisdom $25
Goldandmyrrh $25
Large Mac $50
Madame Blum $25 (courtesy of “secret admirer” )
Nick Vito $100
Rick FL $50
Sounds of Saratoga $50
Diablo $25
Timmye $50
Merasmag $50
Ozzy $50
Turbine $25
Unusual Pete $100
Lure $50
Interested Onlooker $100
Mrs ‘Shoes $25 (gift)
Team Del Mar $50

[Badactor]

$1.00 Pick-6
1,2,3,4,5,6
1,2,3,4,5
1,2,3,4,5
1,2,3,4
1,2,3,4
1 Flightline
= $2,400.00

One of many possible ways to go...

[Deleted]

i still would like to know who is going to sign this ticket-tyia

[Deleted]

Oct 30, 2022 1:02:42 GMT -5 Badactor said:

$1.00 Pick-6
1,2,3,4,5,6
1,2,3,4,5
1,2,3,4,5
1,2,3,4
1,2,3,4
1 Flightline
= $2,400.00

One of many possible ways to go...

i like the idea of only 1 ticket. go bold or not at all!

[dmarkoff]

INTERESTING OFFER:

Looks like a lot of fun, it's great you all are doing this.

Here's an offer: if I'm assured all tickets are singled to Flightline, then I'll match your final number up to $3k.

So if you can raise an additional $600, then I'll Venmo $3k tomorrow and we'll have $6k to invest. If you end up at $2,400 or any number up to $3k, then I'll match that number.

I don't want any say in the construction of the ticket(s) - other than they are all singled to Flightline. If the group doesn't want to go that route, that's fine, but I feel strongly that you either play with or against him, you can't straddle this wager and I'd rather play with him.

Last question: I haven't reviewed all of the prior posts, however, assuming there are winning ticket(s), how will the taxes be handled?

Thanks,

Dan

[tc]

interesting offer...i think it would definitely increase the possibilities of a big payoff

[spiderjohn]

Based on $2400, $3000 or $5-$6k outlay with a FLIGHTLINE single, I can’t see the winning ticket requiring a tax liability. Am I wrong?

Interesting offer………

[UpInClass]

This is AMAAAAAAAZING!

The Banker would handle any taxes which might be owed on our winning ticket.

If we owe... we'll take that out for Uncle Sam first, then we'll chop up the winnings.

It will all work out wonderfully for our UpInClass BC PK6 Project Players... YES! YES! YES!

[dmarkoff]

I've done a lot of these group tickets before and the tax issues can get complicated. 

Here's why:

Let's assume we wager $5k and the wager(s) return $25k, which is a $20k profit.

I'm not worried about a holdback, what I'm worried about is whoever runs the ticket through their account is going to have to report a $20k profit.  Now, if that person can match that $20k with losses, then there are no taxes owed (assuming the player is like most of us and does NOT report a profit on horseracing on their return). 

So if that $20k pushes that person into profitability for the year, then they will be taxed at their normal tax rate and that's where it can get complicated. 

The best way to avoid any issues is to just make sure up front if there will be taxes withheld from a winning wager, regardless of how much is won. 

It shouldn't be a hindrance to getting this done, it's just best that we know in advance how it will be handled. 

[UpInClass]

"best that we know in advance how it will be handled."

We are in agreement. This Banker has our every confidence.
Thank you again, Mr. Hendry! We'll take care of business first,
then we'll enjoy the ROI fruits of our UpInClass BC PK6 Project!

[Badactor]

It's funny...
I've spent my entire handicapping career
trying to beat the favorite. Not this time.

[Deleted]

but it's always best to have a back-up plan. i remember waking up early one derby morning to find out my single, i want revenge, had scratched. i said f-it and did an exacta key box POTN/all. that worked out but just trying to be practical here.

[spiderjohn]

Let's come down to reality now:
We have pretty close to enough $$ to buy the races in what now comes down to a p5(hopefully), with a probable fave/co-fave winning the Distaff(the two Pletchers and possibly Clariere at her best). A sprint, the Turf with strong Appleby runners(a key upset race possibility?), and what else? Mile turf could come back somewhat predictable......This is becoming more mathematical mixed with some handicapping and hope.

Exactly who is making decisions and constructing this single ticket approach?

The double up on $$ is a great offer if we use it correctly. Do we honestly need it?

[1hooper]

More $$ the better. Single ticket?

“Anybody who has ever played the pick six knows how difficult it is to survive six races without encountering at least one implausible, unforeseeable result. So, Crist said, ‘I try to give myself the chance to be wrong on one race if I can be right in enough other spots. If I am right four times, I want to give myself a good chance to win those other two races. And if I’m dead right on three races, I’ll use six or seven horses in a couple of the others and hope for something silly to happen.’” - Beyer On Speed, where Beyer is quoting Steve Crist.

[dmarkoff]

Any pick six is hard as hell to hit, but the BC pick six is damn near impossible - even with a single that comes home. If we end up putting in a $5k ticket, singling Flightline, we'll still likely have less than a 5% chance of hitting it.

But the difficulty also works to our advantage in that small tickets have just about zero chance of winning, yet there will be thousands bought since it's the BC. So we're in a position where even if Nest and Flightline win, we'll still get paid, even if the other 4 races are scattered w/ some favorites.

Let's do this: someone put in an extra $100 and then I'll match the $2,500, which I'll Venmo today and then let's cap it at $5k. That's a nice round number and will give us some decent coverage.

[cherokeescot]

Dan

We are keeping the pool open for contributions until 5pm tomorrow . I am sure we will reach $3000. To get the ball rolling I will put in another $100.. We would welcome your input for selections and ticket construction though but we can discuss that after the final entries and draw this afternoon

Let’s do this !

Bev