Two things recently came to my attention and am curious if others have views on these --
1) In dealing with artificial surfaces, there seem to be three main kinds (cushion, poly, tapeta) but also others (whatever they run on at Santa Anita, wood chips, etc). I am still struggling quite a bit to get a grip on all these different surfaces and how different horses react to each. One of the things I was wondering was whether it made sense to make different designations on the sheet for each type of surface rather than one catchall for artificial surfaces -- maybe something like a copyright sign for cushion and then similar circle with a letter inside for the poly and the tapeta. Do others agree that such designations would help handicapping?
2) I recently hit a dime super three times. The payoff per dime was $269.75. The online betting service said that this was a reportable payoff and wrote up W-2Gs for each dime super (at $269.75 each). Has anybody had this experience before? This is the first time this year I have hit a dime super of this magnitude on multiple tickets, but, in previous years, such a result would not have given rise to a signer. Has anybody experienced similar? This does not seem right to me. If you bet a $1 trifecta that pays $550, that is not a signer. If you hit it 10 times, it is still not a signer (or used to not be a signer). Why should a dime be treated differently? Maybe i am off in right field, but this is really a pain. The IRS rules are terrible enough as it is, this seems to be making matters worse.
The new horseracing lobbying group that is out there, does anybody know if it plans to lobby to change the federal signer policy? What about state signer policies? Beware to anybody who ventures to a track in New Jersey or Maryland -- if you hit a large enough signer there, you need to file a state tax return even if you were only in the state one day for a trip to the track (look out Preakness goers, hitting the superfecta in the Preakness can be bad for your fiscal condition). Also, these states will not let you deduct your losses from other states against your in-state winnings, so even if you are an overall loser on the year but have one big winner on one day in one of those states, you have to pay taxes in that state as if you are a major winning gambler. Apologies to New Jersey and Maryland if they have since changed there laws since they screwed me over.