OLD DAYS ..when tellers gave out hot tips

[Fuguzzi]

Nope  never heard of that tactic, but I totally believe you.

[American Sniper]

 

[Superfecta]

One final story on this topic from me…About 1992 I flew to Miami for a 3-day business meeting at the Doral Hotel. I got in early so I went over to Flagler Dogs. Around race #4 I boxed 3-4-6 exacta for $2.00, $12.00 total. After most of the field imploded around the first turn I was left with two of my dogs way ahead and finished 3-4. The payout appears and it was over $7,500!! I took the entire exacta pool with the only winning combination. Now I go to collect and the teller says if I gave him 10% he wouldn’t have to report the winnings to the IRS. I have no idea how that could happen but I declined. I was afraid he was undercover or something and just ask for the net amount, they took out 20% back then, and I got a check. When I got back north a few friends this was a common tactic in those days. Has any other Plopper heard of this from years ago?

It was very common with guys just hanging around the windows after a big triple and they would sign for you and cash your ticket for the 10%.

[harnessplop]

Good info guys

[JIDGE]

Kinda teller related--
'78 Yonkers Friday night -- The place is packed. I'm on line to bet a Double, two guys in front of me -- Long Hair at the window -- Jittery chain smoker in front of me. 2 minutes to post -- Long Hair seems to be betting every possible combination. Jittery is rocking on his heels -- checking for an alternative window -- no such luck. 1 minute to post -- Long Hair is still punching -- now the verbals from Jittery -- "C'mom, c'mon, let's go, let's go. Long hair is still punching. Jittery unravels a pack of Camels from his t-shirt sleeve and lights one. Now they're at the gate -- Jittery screams -- "C'mon!" Long Hair is unfazed, still punching. Jittery flips his lighter and lights the back of Long Hair's hair. Long Hair exits the line screaming, racing through the grandstand trying to put out his hair. Jittery makes his bet and scampers off. I make my bet 2 seconds before getting shut out. I went back the next night -- place still reeked of burnt hair. Funny how you remember things.

[FirstUpFrom8Hole]

Kinda teller related--
'78 Yonkers Friday night -- The place is packed. I'm on line to bet a Double, two guys in front of me -- Long Hair at the window -- Jittery chain smoker in front of me. 2 minutes to post -- Long Hair seems to be betting every possible combination. Jittery is rocking on his heels -- checking for an alternative window -- no such luck. 1 minute to post -- Long Hair is still punching -- now the verbals from Jittery -- "C'mom, c'mon, let's go, let's go. Long hair is still punching. Jittery unravels a pack of Camels from his t-shirt sleeve and lights one. Now they're at the gate -- Jittery screams -- "C'mon!" Long Hair is unfazed, still punching. Jittery flips his lighter and lights the back of Long Hair's hair. Long Hair exits the line screaming, racing through the grandstand trying to put out his hair. Jittery makes his bet and scampers off. I make my bet 2 seconds before getting shut out. I went back the next night -- place still reeked of burnt hair. Funny how you remember things.

     

Did your bet win? Sometimes getting shut out is the best thing that can happen.

[Emperor Dapple]

One final story on this topic from me…About 1992 I flew to Miami for a 3-day business meeting at the Doral Hotel. I got in early so I went over to Flagler Dogs. Around race #4 I boxed 3-4-6 exacta for $2.00, $12.00 total. After most of the field imploded around the first turn I was left with two of my dogs way ahead and finished 3-4. The payout appears and it was over $7,500!! I took the entire exacta pool with the only winning combination. Now I go to collect and the teller says if I gave him 10% he wouldn’t have to report the winnings to the IRS. I have no idea how that could happen but I declined. I was afraid he was undercover or something and just ask for the net amount, they took out 20% back then, and I got a check. When I got back north a few friends this was a common tactic in those days. Has any other Plopper heard of this from years ago?

yes it was legit... it was very common back in the day..guys who did this were known as 10 percenters... they'd buy at a discount and they paid no tax in the end as they would pick up losing tickets and offset the gains with losses ..on paper it was a wash.. so in the end even if they had to pay taxes upfront they'd get back their money when they filed their taxes..i guess it's still possible today but now that most bet online the days of picking up clumps of losing tickets are probably over

[JIDGE]

   

Did your bet win? Sometimes getting shut out is the best thing that can happen.

That part I don't remember.