Derby Spectactular!Professional Horse Play – From Kentucky and Beyond!

In the U.S., Do you have to declare your winnings when you file your taxes?

If you make wagers on a online sportsbook (on and offshore), betting on sports and horse racing. Do you have to state that income on your taxes?? or how does that work? What if you make wagers at you local race track in person or at the OTB do you have to declare that income?

Yes, but only to the extent that the annual gain is greater than the loss.
-MM

Horse Racing Betting Tips

Betting on Horse Racing For Dummies $11.30 How to enjoy a day at the races-and bet to win!The last two years have seen a record number of Americans tune in for climatic Triple Crown races featuring Smarty Jones and Funny Cide; in 2004, television viewership jumped a whopping 61 percent over the record set in 2003, and the Belmont Stakes race itself drew a record crowd of more than 120,000! This easy-to-understand guide shows first-time vis…

How to Make $100,000 a Year Gambling for a Living $8.95 Is there really such a thing as a professional gambler? The answer is an unequivocal yes! The authors of this book are but two examples. The truth is that there are many thousands of people around the country who make a good living exclusively from gambling. It is not easy but it can be done. The key ideas are to understand which games are beatable and how to beat them. David Sklansky and …

Exotic Betting: How to Make the Multihorse, Multirace Bets that Win Racing’s Biggest Payoffs $24.95 In Exotic Betting, the horseplayer takes a colorful wagering ride by learning to maximize profits by betting on a multitude of exotic wagers including the daily double, exacta, trifecta, quinella, superfecta, pick 3, 4, and 6….

Breeders Cup World Championship $4.99 NTRA Breeders’ Cup isn’t just an amazingly realistic horse racing simulation — it’s the only one officially licensed by the NTRA, organizers of the World Thoroughbred Championships. Play the ponies and build up your stable, and see if you can walk away with the famous Breeders’ Cup!…