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Caribsports and taxes

Topic closed. 5 replies. Last post 13 years ago by karamu.

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United States
Member #1553
May 22, 2003
171 Posts
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Posted: June 6, 2003, 4:39 am - IP Logged

Does anyone know how much money you will actually net from a 700 to 1 payoff from a straight hit from carib? Is there taxes involved and if so how much?

    cplus's avatar - scenery water_mountains.jpg
    Pgh, PA
    United States
    Member #514
    July 25, 2002
    485 Posts
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    Posted: June 6, 2003, 6:21 am - IP Logged

    Fujita,

      IWish's avatar - waveform

      United States
      Member #1001
      January 7, 2003
      592 Posts
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      Posted: June 6, 2003, 6:58 am - IP Logged

      Hey,

      Fujita and Cplus

      There are know taxes taken out. You have to place a bet for 5 consecutive days straight to get that 700 to 1 odds.  However you fund your account is how the money will be return unless you ask for a check. I use a prepaid atm card. You get the money the same day.  Cplus, the numbers I play are falling in VA, DC AND MARYLAND. I will be doing the same thing.

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        United States
        Member #1553
        May 22, 2003
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        Posted: June 6, 2003, 1:16 pm - IP Logged

        Thanks cplus and IWish I was just wondering, also there is one more company I ran across awhile back that pays 702 to 1 , but I have forgot their name can you help me with this as well ? Thanks again!

          Pacific Northwest
          United States
          Member #1229
          March 6, 2003
          707 Posts
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          Posted: June 6, 2003, 4:17 pm - IP Logged

          Fujita,

          There are actually many companies out there that offer more and some less of the amount.

          A main issue with online casinos or lotteries is how long the are established and can you trust them. It does not help you to win $1000 for a straight hit when you will never see the money.

          You are a bit dependent on the people that dealt with the online companies before to not get burned.

          Besides CaribSports (interesting particularly because of the PICK 3 gaming option) I also like PlusLotto. They do not do PICK 3, but they have a cool 5/15 lottery every hour, which I personally like, it allows to test PICK 5 systems to be tested without having to wait a week or half a week for the next drawing.

          But whenever you play offshore or in an other country, you always have to aks yourself: "Who and/or what am I supporting?". The discussion recently came up under a different topic. State lotteries ar trying to gather money for education and other important areas.

          Good Luck

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            ohio
            United States
            Member #1563
            May 24, 2003
            13721 Posts
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            Posted: June 6, 2003, 6:54 pm - IP Logged

            I ask carib if I won 50.000 

             your $50,000 would be processed to your Carib Account. In terms of taxes, you may need to contact the necessary authorities in your State to find out about its tax mechanism. All the best. Devon@Customer Service