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If you had a 'system'....

Topic closed. 58 replies. Last post 10 years ago by guesser.

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If you have a system that REALLY worked, would you share it publicly ?

Sure, why not ? [ 44 ]  [47.31%]
Probably not, it would jinx me. [ 15 ]  [16.13%]
Hell no, are you crazy ? [ 34 ]  [36.56%]
Total Valid Votes [ 93 ]  
Discarded Votes [ 5 ]  
Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
United States
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January 17, 2006
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Posted: October 24, 2006, 1:27 pm - IP Logged

 Sir Metro

"The under $600 no tax is so deceitful, it is scary that it's allowed. The reality of the under $600 (and I think the actual is really $599.99 or less)"

____________________________ 

 One of the best beefs I ever saw in a casino was when a player who had hit a $1 5-spot for $1200 was handed a tax form to get paid.

(At the time, the rule on slots and Keno was under $1200, maybe still is, I'm not sure...but that's why a Royal Flush pays $1199).

The Keno manager is telling the player to fill out the form, the player is screaming that the rule is under $1200, the Keno manager ays, "That's what you won," (the whoel casino hears this going on) and then the player says, "Look Einstein, $1200 - $1 FOR THE TICKET = $1, 199, and $1,199 is under #@#$%^ $1200, capich?"

 As far as gambling, winning, and taxes, the big flaw that the tax people do is assume the player is walking away with that money. Let's say someone flies top Vegas, hits Keno for $50,000 - boom, he's taxed. very rarely would anyone leave Vegas with that $50,000 - some might with some of it, some might blow it all back - but in esence they're taxed on $50,000 that was juat a 'temporary loan.'

    Tenaj's avatar - michellea
    Charlotte NC
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    June 18, 2005
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    Posted: October 24, 2006, 1:39 pm - IP Logged

     Sir Metro

    "The under $600 no tax is so deceitful, it is scary that it's allowed. The reality of the under $600 (and I think the actual is really $599.99 or less)"

    ____________________________ 

     One of the best beefs I ever saw in a casino was when a player who had hit a $1 5-spot for $1200 was handed a tax form to get paid.

    (At the time, the rule on slots and Keno was under $1200, maybe still is, I'm not sure...but that's why a Royal Flush pays $1199).

    The Keno manager is telling the player to fill out the form, the player is screaming that the rule is under $1200, the Keno manager ays, "That's what you won," (the whoel casino hears this going on) and then the player says, "Look Einstein, $1200 - $1 FOR THE TICKET = $1, 199, and $1,199 is under #@#$%^ $1200, capich?"

     As far as gambling, winning, and taxes, the big flaw that the tax people do is assume the player is walking away with that money. Let's say someone flies top Vegas, hits Keno for $50,000 - boom, he's taxed. very rarely would anyone leave Vegas with that $50,000 - some might with some of it, some might blow it all back - but in esence they're taxed on $50,000 that was juat a 'temporary loan.'

    You can get out your own way - when you win, buy a money order and mail it to yourself at home.  At least that's what I thought of after I lost my money back in Jersey.

    takeemtothebank

      tntea's avatar - Lottery-059.jpg

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      Posted: October 24, 2006, 7:12 pm - IP Logged

      You can get out your own way - when you win, buy a money order and mail it to yourself at home.  At least that's what I thought of after I lost my money back in Jersey.

      How you get by winning on Pick 3...

       

      People do it all the time.  You have to watch how you handle your money. 

      1) Don't deposit it into a savings or a checking account.  People will notice and will report.

      2)  Pay cash for anything other than a bill...

      3)  Get a safe deposit box.. or a fire proof safe at home.

      4) Make plans for your money.. After $1500 gain.. enjoy with a vacation:  (my hubby's and my favorite thing)

      5)  Loan it out to people who need a helping hand.. Or give if they cannot repay.

      6)  Buy savings bonds.

      7) Buy CDs

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        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
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        Posted: October 24, 2006, 7:24 pm - IP Logged

        You can get out your own way - when you win, buy a money order and mail it to yourself at home.  At least that's what I thought of after I lost my money back in Jersey.

        Tenaj

        There's a regulation called 6 A, 6 Alpha it's called, that all casino personnel have classes about. It was intended to try and indentify drug dralers because so much money laundering is attempted at casinos, but 6 A states that any cash transaction of $10,000 or more has to be reported to the IRS.  

        Believe me, this has caused a lot of arguments with players that aren't aware of it, but no 6A and they're not getting paid. This regulation also calls for the casino to get all their personal data, including SSAN, it they buy in over $10,000 -  all told - so buying in $1,000 at a time isn't going to get around it.  

          guesser's avatar - Lottery-017.jpg

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          Posted: October 24, 2006, 11:54 pm - IP Logged

          Gee, I wonder what would happen if someone made a night deposit of $10,000 to the bank's night deposit drop box ?

           

          (I'm saying that already knowing the answer) 

            floridian's avatar - DiscoBallGlowing

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            Posted: October 25, 2006, 12:26 am - IP Logged

            Just wondering what you all think, since there seems to be a plethora of 'system' topics being started lately.

            Hey!!  Its a good thread.

            Somewhere in the back of my mind I remember an old saying that goes charity begins at home. 

            I believe I would keep it a secret and use it to my advantage.  Not only because of the personal issue but because of the way people are.  They would steal it from you if you let it out and sell it under their own name.  Then here come the lawyers.  Nope!! At my age I just do not need the aggravation.  I will be content to walk around with a smile on my face.

            Floridian

              guesser's avatar - Lottery-017.jpg

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              Posted: October 25, 2006, 2:19 am - IP Logged

              Quite frankly, I don't post all of my own theories publicly because I don't need people telling me I am nuts, I get that every day from my wife, and besides, most folks don't have the patience to micro-analyze the way I do.  Hell, *I* don't have the patience to follow my own advice !

                Avatar
                NY
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                Posted: October 27, 2006, 11:23 am - IP Logged


                To a limited extent I might consider that the answer depends on what "a system that really worked" means and what "sharing" means, but for the most part I think the poll shows that a lot of the people here have no grasp of reality.

                Even if the hypothetical system only gives you a small edge, anything that lets you turn a profit will let you build it into something that's makes a lot of profit. Once you're making a lot of profit the lottery department and the IRS are likely to notice, and they'll both take a close look. If the system was only used for pick 3 and you worked really hard you might be able to prevent the lottery department from finding you, but anything that pays enough to create a paper trail will lead them right to your door. The ability to win consistently at pick 4 would stand out like a sore thumb because there just aren't that many winners, and we've already seen the PB people freak out over a perfectly normal series of closely spaced wins. The best you could hope for would be to use the system for as long as tickets are good for, and then cash in before the world changes. You could try selling the system, but sales will be small until a lot of people believe the system works, and when that happensthe rules will change and make the system worthless. As far as I can see, the only working system that would really make you rich would be one that let you win a jackpot game, and was limited to just a few wins.

                In case there's any confusion about taxes, don't think that winnings of less than $600 aren't taxable. If you win $3 by matching the Powerball you've got $2 of taxable income until you offset it by losing it again. Winnings under $600 just aren't *reported* and therefore the IRS isn't likely to find out if you win in proportion to the odds.  It's easy to hide a few grand in cash income if you're careful. The IRS will probably never catch somebody because they go out to dinner 10 times as often as average and go to the movies 5 times a week. You can use the cash to pay for a  few 3 day weekends at a B&B, but be damn sure not to use your credit card or your easy pass while you're more than 50 miles from home.  At some point, though, it gets difficult to spend a lot of money without leaving too many signs, unless you spend the money on stuff that doesn't really improve your standard of living. Even something like paying cash for all of your gas could give you away if the IRS decides to look closely, nnad you really don't want the IRS to decide you've been cheating on your taxes. If you could consistently turn a profit playing the lotteryit would be really foolish to jeopardize it by cheating on the taxes.

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                  Amarillo/Austin
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                  Posted: October 27, 2006, 1:27 pm - IP Logged

                  The old saying: "No Good Deed Goes Unpunished" goes double when dealing with the IRS.  I fear that trying to do the right thing will lead to annual audits and a number of other headaches.  IRS enforcement is based on fear.  They are the biggest terrorists in this nation and have been running amok since 1913.  The income tax was ruled unconstitutional and unenforcable in 1895.  It still is . . .

                  Orangeman

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                    guesser's avatar - Lottery-017.jpg

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                    Posted: October 27, 2006, 5:08 pm - IP Logged

                    There may be a slight difference between 'taxable' and 'reportable' income.  I may be wrong, but if you win $500 at the casino, THEY don't fill out the tax forms on the spot, but I think you are expected to report it on your taxes as income, that is where it is 'taxed' - YOU are reporting it as opposed to the Casino reporting it for you.....

                     

                    Floyd, the only system I play is one that gets me in the ballpark:

                     

                    If I am in a car race, and every car in it is a V-12, and I'm in a 4 cylinder, I have no chance, but if I go get a V-12, I have a slightly better chance.  I may not win, but I won't be last.  (and I mean no offense to any 4 cylinder cars that may be reading this...)

                      tntea's avatar - Lottery-059.jpg

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                      Posted: October 28, 2006, 12:27 pm - IP Logged

                      I have a pretty good system, but I will not share because:

                      A. I worked hard on it for the past three years.

                      B Why should I share it with strangers.

                      C. If the lottery entities discover there is a winning system, they may change the rules and ruin it for me. 

                      D. Half of the fun is doing your own work.

                      E. I don't dole out charity well or respect those who receive it.

                      F. Most of the systems on this website are not quantifiable and are therefore questionable at best.

                      G. Franklin once said that a secret cannot be kept by two people.

                      Orangeman 

                      No No

                      I have a pretty good system, but I will not share because:

                      A. I worked hard on it for the past three years. (got a great point there)

                      B Why should I share it with strangers.

                      C. If the lottery entities discover there is a winning system, they may change the rules and ruin it for me. (biggest fear, now that game is so rewarding.)

                      D. Half of the fun is doing your own work. (Biggest thrill is being able to see what is coming)

                      E. I don't dole out charity well or respect those who receive it. (I give. However, hubby and I are cutting back on these handouts to those who just don't want to work..)

                      F. Most of the systems on this website are not quantifiable and are therefore questionable at best.

                      G. Franklin once said that a secret cannot be kept by two people.(Unless the other one is dead)

                           OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                        tntea's avatar - Lottery-059.jpg

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                        Posted: October 28, 2006, 12:28 pm - IP Logged

                        The poll is going more toward those who are willing to share their winning system..

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                          RJOh's avatar - chipmunk
                          mid-Ohio
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                          Posted: October 28, 2006, 2:23 pm - IP Logged

                          The poll is going more toward those who are willing to share their winning system..

                          That's understandable since most of the those responding know they don't have anything worth sharing.

                           * you don't need to buy more tickets, just buy a winning ticket * 
                             
                                       Evil Looking       

                            Blackapple's avatar - nw rogue2.jpg
                            Wyncote,Pa
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                            Posted: October 28, 2006, 3:15 pm - IP Logged

                            No,If the lottery commision

                            gave away the manual for

                            hitting the numbers,there

                            would not be enough losers

                            to keep it going.To keep

                            the games interesting

                            different perspectives

                            are hashed and rehashed out.Time is money,Time

                            is precious.Every poster

                            has a limit: Where's Calif dude,Justin,Bake or...

                            hope they left content.

                              Blackapple's avatar - nw rogue2.jpg
                              Wyncote,Pa
                              United States
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                              Posted: October 28, 2006, 3:25 pm - IP Logged

                              "If you had a 'system'...."

                              Everyone has the system(s),

                              it lies in the "search box"

                              but you must assemble

                              it like I have.