Interpretations of Wagers Made And PrizeRatio/ Winnings https://www.lotterypost.com/thread/348942 Lottery Post Forum Topic: Interpretations of Wagers Made And PrizeRatio/ Winnings en-us Lottery Post RSS Generator Reply #1 https://www.lotterypost.com/thread/348942/7489888 https://www.lotterypost.com/thread/348942/7489888 Fri, 02 Feb 2024 21:30:51 GMT hypersoniq I guess it depends on what you did with the 4k.

If you spent 8k, and the 4k win was subject to taxes, then the profit would be lower than 4k. If the tax was say 1k, then your profit is 3k, and your net loss would be 5k. (8k - net profit of 3k)

If you throw the 3k back in and come up dry, then your out of pocket expenses remain -8k, but the total loss is -11k, and only the IRS won the 1 k tax payout.

]]> hypersoniq Interpretations of Wagers Made And PrizeRatio/ Winnings https://www.lotterypost.com/thread/348942 https://www.lotterypost.com/thread/348942 Fri, 02 Feb 2024 20:50:23 GMT Jaypoet Hey all I'm a noob here and have a question. When looking at statistics and wagers made as well as winnings. I just wanna make sure I understand the data correctly. But let's say I wagered $8k and my winnings was $4k. I would assume that means I lost $4k correct? Just wanna make sure I understand what the data is telling me. Thanks

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