what would you do if you made a stupid bet on the superbowl but then won big?

Discussion in 'Community Discussion' started by jefhatfield, Jan 27, 2006.

  1. jefhatfield Retired

    jefhatfield

    Joined:
    Jul 9, 2000
    #1
    no, i won't do this

    but a lot of northern california niners and raiders fans, who hate the seahawks are putting all types of money on the steelers

    but what would you do if you won 100 dollars? quietly receive your check or cash, or jump up and down like a blithering idiot in the bar/pub?

    what if you won $1000 dollars (by saying shaun alexander would get less than 30 yards on the day or something), or even $6000 dollars, or $100000 dollars, a million, ten million?

    also, i wonder what some rich oil king or japanese industrialist typically bets on something like the superbowl, world cup, or baseball?
     
  2. Jaffa Cake macrumors Core

    Jaffa Cake

    Joined:
    Aug 1, 2004
    Location:
    The City of Culture, Englandshire
    #2
    I'd split the cash 50/50 with the first person to reply to this thread. :D

    Seriously though, I don't know what I'd do if I won a huge amount of cash – I suppose it's one of those situations where you won't know how you'd act until it actually happens. I reckon I'd be pretty pleased with myself, though.
     
  3. clayj macrumors 604

    clayj

    Joined:
    Jan 14, 2005
    Location:
    visiting from downstream
    #3
    If you do win a bet, make sure you are paid in cash. If you're paid any other way, the payer could report your winnings to the IRS, and you'd be on the hook for income tax for your winnings. (Technically, you're supposed to pay anyway. The question is, do you really want to?)
     
  4. iPhil macrumors 68040

    iPhil

    #4

    anything under $1,199.99 limit (winnings) you don't need to report it to the IRS... the $1,199 is max. amount you always see on casino slot jackpots..

    Even if you win anything under $10K while on a cruise in international waters,You don't need to report it to the IRS either.. :D :D :D
     

Share This Page