mGrowOld

February 7th, 2012 at 9:15 PM ^

It certainly makes the "no politics" policy here come into focus.  In a nutshell this is what happened in the comments section:

1. Random reader comments that of COURSE he gave the money away.  He's too rich anyways and unlike the common man he has 50k to give away.

2. Other random reader takes offense at inference that said bettor was "too rich" and attacks what he considers to be wealth redistribution policies of the current administration

3. It's on and the entire thread has dissolved into a name-calling, cliche writing, excercise in listening to each person's personal opinion on politics without even the most remote possibility that anyone's mind will be changed by what's written.

There have been times in the past where I thought we went a bit overboard on our "no" policy (religion, politics, etc) but boy if you read THAT thread you'll clearly understand why Brian put it into place and why it's enforced as rigorously as it is.

Balrog_of_Morgoth

February 7th, 2012 at 10:35 PM ^

Just kidding. It's probably not a big deal.

You're technically supposed to report any winnings, but you can write off a deduction for your losses up to the amount you won. So if you go to the casino and win $150 one day but lose $150 or more the remainder of the year (and keep a record of it), you should technically claim the $150 and then write off $150. So in the end, it doesn't really matter for the casual gambler. If you are a high roller or get really lucky one day, then you are forced to report (the casino will make you fill out a tax form when you cash out if your winnings are over a certain amount).

I'm guessing most people don't actually go through the trouble of reporting small gambling winnings. You should be okay.

RickH

February 8th, 2012 at 12:35 AM ^

It was the first score would be a safety, not first play.  And yeah, the odds do seem pretty bad but this guy spent 1k like it was nothing so obviously he's got money.

I saw on reddit right after the Super Bowl and a couple people, who said they bet quite often or worked at bookies, said it was fake.  I guess they were wrong though and I can't find the thread anymore.