The Conard family don't go to Churchill Downs but watch the excitement at home and place bets online. This year, the bet on the underdog and won big.
Пікірлер: 242
@lmd24542 жыл бұрын
Such a great story, until the very last sentence. Government always has to take the fun out of everything!
@karldanger51502 жыл бұрын
37% in taxes??? WOW
@normacarson71382 жыл бұрын
37%? What the living hell. The government takes almost half?!!!
@thestikbotgamingdino65782 жыл бұрын
37% is almost 38%, or slightly more than 36%. Even in casual math, it's not anywhere near half. However, there is no justification for the government's cut here.
@Lonesome__Dove2 жыл бұрын
I pay 39% income tax.
@TheSkullMan662 жыл бұрын
somebody has to pay all the freeloaders out there
@TheSkullMan662 жыл бұрын
Have you ever figured out ALL the taxes you pay in a year. Would make you sick. Federal, State, Gas, on all the goods you buy, on your home. UGG!!!
@kingpro58572 жыл бұрын
why is the tax on the winnings over a third come on uncle Sam
@krisherman35132 жыл бұрын
I think a lot goes back to the Great Depression. Betting on horse racing was illegal until the Depression when the government was looking for income. One caviot to allowing betting again was that it be heavily taxed. See the book Seabuscuit.
@keeferdog56172 жыл бұрын
For those of you that are confused… The horse paid $163.60 to win on a $2 win wager. They bet $300 to win (that’s 150 $2.00 win tickets) on the horse Multiply $163.60 x 150 = $25,540 Now, don’t forget Uncle Sam scams the bet for 9k plus (37% - GULP-yup) So they’ll win about 16k after it’s all said and done…
@danbrownellfuzzy30102 жыл бұрын
Probably deduct another 16k for past and future bets that don't work, leaving them even Steven
@mandograssable2 жыл бұрын
Uncle Sam has been stealing for years.
@piggylover48082 жыл бұрын
This govt has to support everybody. There's an awful lot of people heading our way....
@thinkbeforyouvote2 жыл бұрын
@@piggylover4808 GYHOOYA When since Ellis Island opened were a lot of people NOT headed our way?
@piggylover48082 жыл бұрын
@@thinkbeforyouvote Enjoy supporting illegals...that's the difference
@pattypurks61272 жыл бұрын
Congratulations to the family! Enjoy yourselves!
@njtarazona2 жыл бұрын
Sneaky grimey uncle Sam. Always gotta have its hands everywhere
@marywilson51922 жыл бұрын
So messed up that the govt has to come in & take 37% right off the top. $9300 just gone.
@1STGeneral2 жыл бұрын
We have to pay all the people that don't work somehow
@andrekrapcha9382 жыл бұрын
More than likely they will get half that back when they do their tax return.
@marywilson51922 жыл бұрын
@@1STGeneral exactly. It's frustrating
@thinkbeforyouvote2 жыл бұрын
@@1STGeneral says the Russian posting from a troll farm basement.
@loric44232 жыл бұрын
How do you think the Govt pays all the entitlements?
@watchgoose2 жыл бұрын
a couple of little kids won on this horse also - one has cancer. happy kid now.
@jaysantos5362 жыл бұрын
Taxes are calculated at YOUR regular tax rate. And all losses can be deducted. The fact they have an on-line account tells me this isnt the only bet they make.
@libertyvilleguy29032 жыл бұрын
Tax rate is absurd. Criminal. What did the government do to deserve any of that money?
@WildernessForever2 жыл бұрын
Not a damn thing! They take our hard earned money to fund bullshit projects
@tedolsen62512 жыл бұрын
Congratulations! I'm sorry the government has to pick your pocket for 37% when they had nothing to do with your decision and the luck that came with it. Have fun!!
@mulondokalemera75312 жыл бұрын
You can always join the Free Town Project and move to Grafton, NH, if you think taxes are "picking" people's pockets.
@Turner25032 жыл бұрын
@@mulondokalemera7531 It is picking pockets when they send 40 fucking billion to another country when our own is in a massive recession.
@realtruth28172 жыл бұрын
False...They pay ZERO tax on that.
@jaysantos5362 жыл бұрын
@@realtruth2817 Obvious you are not a tax specialist or accountant. Of course they are required to pay INCOME taxes on gambling winnings here like any other. Taxed at their regular income tax rate BUT they can also deduct all their losing wagers this year before applying their tax rate which is likely 25 or 28%. Also will pay state income tax.
@bobpats72242 жыл бұрын
They don't have to pay taxes unless the odds were over 600 to 1
@jaysantos5362 жыл бұрын
1:12 - As you can see this family place a LOT of bets on the Derby but the largest was on Rich Strike. And they can write off the other losses before paying taxes.
@tradez57992 жыл бұрын
That’s not a lot dummy
@grated69722 жыл бұрын
That was a nice win..Congrats on the pick you struck it Rich! I almost picked Rich Strike, they made it seem like there was really no chance, I mean no chance.. Smile Happy , Happy Jack, Summer is Tomorrow Simplification were calling my name.. In two weeks maybe the family can do it again and again... 80 to 1 (TBA)---Preakness Stakes then Belmont Stakes. Good luck!
@mrp19242 жыл бұрын
I’m guessing they’ll retire rich strike to stud
@grated69722 жыл бұрын
@@mrp1924 It's possible.
@oranstelly53932 жыл бұрын
Oh yeah
@oranstelly53932 жыл бұрын
Think so
@haroldbranson23652 жыл бұрын
I work at a horse track in Indiana. There were two brothers who split a ticket and they hit the 1 dollar superfecta,of course the ticket cost them a little over 1 thousand dollars,but still. The 1 dollar super paid over 321 thousand dollars.
@AllisonBoclair2 жыл бұрын
That’s a great story 🙏🏻❤️
@luisautley49202 жыл бұрын
congratulations whoop whoop that is awesome way to go!
@patricemoran74692 жыл бұрын
Beautiful Horse...hope he wins if they decide to race him in the Preakness...but if they should decide to skip that shorter race and just go for the longer Belmont Stakes.. if that would offer Strike a better chance...that's OK too! Whatever is best for their handsome boy!
@angaeltartarrose64842 жыл бұрын
Naturally, they're going for the Triple Crown!
@tonyrussi77772 жыл бұрын
LOVE Horse racing, we need more tracks in Florida!!
@tbessy19632 жыл бұрын
Your Governor wouldnt allow it! Isn't that against your Christian conservative religion?
@tonyrussi77772 жыл бұрын
@@tbessy1963 LOL, you are very foolish. We already have horse racing, Jai Alai and Lotto. We have a GREAT Governor and we have a GREAT CHRISTIAN Country. F J B & all socialists/communists!!
@justhere37942 жыл бұрын
I’m in FL and just bet online now. Less distractions and if I want to go to a track I’ll go to Tampa Bay Downs or Gulf Stream. Religion or no religion. Why bring that into this and stop generalizing. Catholics gamble and have no problem with it. Don’t know those that object to race betting and none of my business anyway. Governor who?!
@johnspinelli93962 жыл бұрын
No you don't. Gulfstream and Tampa Bay Downs should be good enough.
@tonyrussi77772 жыл бұрын
@@johnspinelli9396 too far away, we need a great ,track between Orlando & Daytona.
@littlesister70212 жыл бұрын
I was praying for The Lord to bless the right horse to win. I even prayed for a longshot to win, even the longest shot. Thank You Lord for blessing Rich Strike to win The 148th Kentucky Derby. Yes! he had divine help. I didn't bet at all, I just wanted to watch a fantastic race, with a winner nobody would think could possibly win. Totally Amazing! God is Great! Congratulations to the family on their win!
@littlesister70212 жыл бұрын
@Keef Dichards God sees everything and he is always listening.
@MT-if1jr2 жыл бұрын
God’s miracle in real-time. .
@littlesister70212 жыл бұрын
@@MT-if1jr Yes, Absolutely!
@lskshmariemostolesdhksks9719 Жыл бұрын
yes ! Lord God, Amen 🙏🏻🙏🏻✍
@markliebrock62462 жыл бұрын
There you go, 37 % for Biden to send to Ukraine. And 10 % will come back for the big guy. Congratulations to the family, touching story.
@thinkbeforyouvote2 жыл бұрын
Fuck you. Take you politics and shove them up your ass comrade.
@bobegan21212 жыл бұрын
Don’t forget hunters cut
@richclay42092 жыл бұрын
MD resident following the triple crown for 50 year. I have seen amazing horses but nothing like this is badass
@marleneflaherty48432 жыл бұрын
I believe the feeling! My dog Molly passed away on the 8th. I bet her last year and she won!!
@raymondperales66122 жыл бұрын
37 percent tax , that’s isn’t right I.R.S. !
@bobegan21212 жыл бұрын
You see the Southern border? You wonder why it’s 37%? I’m shocked that it’s not more than that.
@patricklondon60062 жыл бұрын
God told me Rich Strike was going to win, a lesson I needed to learn.
@jackiedecoma46372 жыл бұрын
37%?! What a bummer! Congratulations! Great story ♥️
@brucegelman55822 жыл бұрын
Taxable my ass.37%.What thieves.
@TheSassy19622 жыл бұрын
Great story and congrats to the whole family! Heartwarming doesn’t even cover how cool that is. I also live in Indiana and won with my bet. But my wager wasn’t random. I can read horses.
@lawrencewagner23332 жыл бұрын
You can read horses they should make a movie called The horse whisper for you LOL
@TheSassy19622 жыл бұрын
@@lawrencewagner2333 LOL….anyone can do it if they study equine body language and communication!
@annhathaway14752 жыл бұрын
A good jockey helps too!!!
@justhere37942 жыл бұрын
Ok. Who do you think will win the Preakness? If u win I will write you again and praise you! If not you are spewing nonsense and I will not bug u. Ok… who will win? Horse Whisperer. BTW I win most of my bets for the Winning horse. Won 5 races yesterday online out of 6. I look at the horse right before the race and if one smiles, winks and looks at me while the horse hops… that’s my winning horse 🐎 Good Luck everyone!!!
@TheSassy19622 жыл бұрын
@@justhere3794 The only horse I would say truly loves to run is Creative Minister. That being said, I am not convinced he can beat the racing machines that are Epicenter and Early Voting. As much as I would like the filly to win, I don’t think Secret Oath will have the stamina back. I think I would have waited until the Belmont with her.
@mmarsh19722 жыл бұрын
Gambling is Fully 37% taxible...but if you win big on the Stock Market Casino its taxed either at 20%, 15% or 0%. Same type of gambling betting on a horse or betting on a stock not the same gambler.
@sp91382 жыл бұрын
Great run
@morriswhitaker2362 жыл бұрын
I thought they were betting on the horse because that was the dads name (Rich Strike) or maybe the dad always talked about striking it rich. No just some random winner. No big story here.
@sharity32892 жыл бұрын
Random, but that's a really nice tombstone!
@carolmac59442 жыл бұрын
Thank you
@countalucard42262 жыл бұрын
Nice job reporting. 37% tax and the government didn’t have to pick a horse or place a bet. Outrageous.
@mailemcdevitt71252 жыл бұрын
This is a beautiful story.
@francisdashwood17602 жыл бұрын
Yeah...way to bum us out with the IRS reminder...lol!
@queenb78992 жыл бұрын
Congratulations 👏🎉 Enjoy Hawaii 🙂😁
@gijane8802 жыл бұрын
Such a beautiful story
@eastside04342 жыл бұрын
Just wait until everyone else wants a slice of the pie.
@sueraymo32392 жыл бұрын
Congratulations!
@jameswormsley4602 жыл бұрын
🙌🏾🙌🏾🙌🏾
@jupeter242 жыл бұрын
Lovely family.
@executivesteps2 жыл бұрын
So God “fixes” horse races too?
@oranstelly53932 жыл бұрын
Why not?
@jkwjcw3ify2 жыл бұрын
Some times He does...😋 He IS God after all.
@billyhillk57262 жыл бұрын
Congratulations 👏👏 🙏🇺🇸
@mawmawmakeup36022 жыл бұрын
Congrats guys
@rexhill50962 жыл бұрын
Nice take..spend it wisely.
@oranstelly53932 жыл бұрын
What u thinking about what next
@perrymind-blowing15972 жыл бұрын
Golly gee how much did you bet what was the wager was it to win place or show thanks for the help
@anniehassett93702 жыл бұрын
Good 4 the under dog i love it
@algoritmosalfredohipicasig71162 жыл бұрын
IRS? Thanks for the damper, McSwine.
@johanconradie21202 жыл бұрын
But millions!!! Was lost on the favourites! Who was on their side!!!
@bullitt75442 жыл бұрын
Wonderful Win. GOD Bless. Aloha...😋
@oranstelly53932 жыл бұрын
It's all about how much money you got win or lose...
@jerrydixon13552 жыл бұрын
Congratulations on the big win…. Thanks to Richie
@michaellucas6692 жыл бұрын
So stupid that gambling winnings are taxable
@warsong16972 жыл бұрын
Especially when they just print more money when they want.
@thomasrehder6132 жыл бұрын
I agree 37 percent of there winnings going to a corrupt government
@davidrice33372 жыл бұрын
The best way to get around it is to make say 20 1$ex box bets or 2$ti win 50 times and so on - that way they can't touch it
@elizabethferguson70022 жыл бұрын
Wow that's a great story!!! I wish the family a safe and fun vacation. Mathematics has never been my strength. Did I do the math right? 37% of $25,000 Are the taxes $9250? $15,750 is an Amazing gift, but the tax % is darn near criminal. I'm in Illinois, Michael Madigan and his cronies destroyed racing in Illinois. Arlington Park (International racecourse) is closed forever. It was home to the very first $1M race. He didn't want machines at racetracks. Probably because he couldn't collect taxes on slot machines. If this tax dollar amount is correct(?) He is more corrupt than I had even imagined. Well, makes sense, Chicago is not called "The Windy City" because of the wind conditions.
@oranstelly53932 жыл бұрын
No ok..,.
@elizabethferguson70022 жыл бұрын
@@oranstelly5393 no WHAT? Gotta make a comment? Then make one.
@kevincoulter96102 жыл бұрын
I picked rich strike only bet 50....but how exciting
@williamgullett80712 жыл бұрын
I once bet a horse that went off at 14 to 1...all the other horses went off at 12:45
@calcrappie85072 жыл бұрын
Sometimes real opportunity on the betting line. Herd mentality probably extra strong to bet only favorites this race. Sometimes that dark horse that caught your eye gets a bad gate position. I like betting on the longer shots, but only across (win, place, show).
@blakesteidler33572 жыл бұрын
Hurry up and spend it! Church Hill downs might revoke winnings when the drug test comes back😅
@oranstelly53932 жыл бұрын
Yeah, seen some action... .
@danc37462 жыл бұрын
37%??? WTF!
@dougjenks69542 жыл бұрын
You go mom ! Have fun , spend wisely
@craptainofsea2 жыл бұрын
it's not always taxed. Some, apparently new teller at the OTB place I was at this weekend...handed someone over $4800 cash off of a pick 3 winner-- from one single ticket. lol.
@dw-nb2zh2 жыл бұрын
Government will catch up to them, guarantee it. Cameras
@craptainofsea2 жыл бұрын
@@dw-nb2zh LOL. No cameras at this place. Its very low budget. Pretty much just a restaurant.
@markdoyle64002 жыл бұрын
Easy to say after the race but i looked at Rich Strikes speed figures and his workouts leading up to the race and he had a decent chance. He was way too big a price at 80/1 thats for sure.
@normanphilp17602 жыл бұрын
On paper he should have been 99-1
@markdoyle64002 жыл бұрын
@@normanphilp1760 how so Norm?
@mariaschwartz4472 жыл бұрын
Does the IRS share in the losses ?
@kennethbailey66342 жыл бұрын
I believe he's big time.
@timbrooks12702 жыл бұрын
Would have loved to see that ticket?
@omaranderson74682 жыл бұрын
Never put a large bet on one ticket, break an the government gets nothing
@donaldcassidy15922 жыл бұрын
Not true on taxes, only if $650/$1 bet.
@dexterpace77102 жыл бұрын
How much did they bet?
@terryhunter25262 жыл бұрын
This is why you always bet the long shot
@johnbest36042 жыл бұрын
Win bets are not taxable unless the horse is 300 to 1. You never told us what sort of bet they made.
@johndennis8792 жыл бұрын
I won 240 on rich strike it was a 3 dollar bet that I placed thru simulcasting bet
@lawrencewagner23332 жыл бұрын
How much do they tax the owner and the trainer and the jockey I'd like to know
@bobegan21212 жыл бұрын
First of all, if they were all individual tickets, they would not have to pay a cent in taxes. Besides, it’s less than 300 to one meaning no Taxes needed
@Loganwolfen2 жыл бұрын
How did the winnings come to that amount? $300 at 80 to 1 is 24,300. Yet it says 24,540. Also it says $2 win on same horse under it, yet that's $0 return, how?
@keeferdog56172 жыл бұрын
Okay- I’ll spell it out for you. The horse paid $163.60 to win. That’s on a $2 win bet. They had $300 to win (or 150 times) on the horse. Multiply $163.40 x 150 = $25,540.00
@Loganwolfen2 жыл бұрын
@@keeferdog5617 so 80/1 price is just a fallacy?
@Loganwolfen2 жыл бұрын
@@keeferdog5617 and for the $2 win they had on it that had $0 back?
@roundtabletalk21642 жыл бұрын
They don’t know what their talking about. Horse racing taxes are only taken out after the winnings exceed 300 to 1 odds. And that’s on exotic wagering. A win bet is a straight bet and it’s not taxed at all no matter what the odds are or the return on investment. I played a $448 dollar pick 6 ticket and got a return of 55k. Took home every penny. The return on investment was less than 300 to 1
@overkillblackjack29102 жыл бұрын
@@keeferdog5617 be nice.
@tomhua68462 жыл бұрын
Happy for them. No taxes on 80-1 long shot like that, I think.
@kimbuie75352 жыл бұрын
THE MOB (irs) ALWAYS GETS THEIR TAKE.
@jakemoseley18112 жыл бұрын
IRS tax rate is much less than 37% at lower tax brackets.
@MrWiseinheart2 жыл бұрын
Why did their dad pass away from?
@chaplife95632 жыл бұрын
So how this work. I won this horse. I was the only one in caesars palace that one. I have it on video. I also have a voice text I sent to myself on November 25th saying the longest odds would win the Kentucky derby. Weirdly this info was downloaded to me I don't know how. I have the vid proof text proof and all.
@mrtony802 жыл бұрын
imagine if someone bet a chunk of their entire life savings and retirement, say 100k. At 80-1 odds, they'd have won $8 million.
@quaoar2132 жыл бұрын
You don't need to imagine, just do the math
@mrtony802 жыл бұрын
@@quaoar213 “imagine” in a metaphorical sense.
@realtruth28172 жыл бұрын
100k on Bitcoin at start-up returns a mere $990,000,000 today.. A mere to it's value of $2,227,000,000 6 months ago.
@carlyhall78212 жыл бұрын
Greedy blood hungry government had to get their nasty fingers on that win too !
@rezotydnic2 жыл бұрын
$25,000-37%=$15,750. That's ridiculous the government gets to take $9,250.
@loric44232 жыл бұрын
Its ridiculous that so many people think the govt is their daddy.
@rezotydnic2 жыл бұрын
@@loric4423 just the way the government has set up a system that is a fail.
@100xyz2 жыл бұрын
My daughter had a winning ticket on that horse
@marriedkiwi2 жыл бұрын
That 37% irs.. That's criminal... Nothing like this in the uk
@jaysantos5362 жыл бұрын
Where did you get that number? Gamblin winnings are taxed at the person's regular US income tax rate and I'll bet theirs is around 25-28%.
@marriedkiwi2 жыл бұрын
@@jaysantos536 37% is what the commentator states and it is correct for the USA. In the United Kingdom there is no taxation on anything you win from betting online or in an actual casino, or bookies. but do not let this persuade you to be a gambler in the UK as the bookies ARE taxed
@jaysantos5362 жыл бұрын
@@marriedkiwi "The commentator" is WRONG.
@diannagraham85142 жыл бұрын
My husband Willie Joe Graham senior was murdered at Elkhart general hospital in the ER by the attending physician and training nurses they murdered him when he was still conscious let me know he wasn't never coming home where do you get murdering monsters at like that after torturing him for 8 hours and didn't you trifling Mennonites from Goshen came to supposed to be helping me with my grief but what they were doing was stealing his medical records for what why didn't I just let him come home I don't understand there was never supposed to take him away
@diannagraham85142 жыл бұрын
I don't understand killing a good man what was it a damn game what was it what would you kill him
@phildo79412 жыл бұрын
Of course the thieves we call the IRS had to chime in.
@petergrant92592 жыл бұрын
Wow....
@zopaseah49822 жыл бұрын
The gods must be crazy! On their intuition, they bet on Rich Strike, not on the basis of careful review of Rich Strike performace record. Epic n Zandon hv better track record leading up to the Derby, .. hence not logical to bet on RS but it worked for them! The racing gods must be crazy! No other theory.
@ramanpreciado22412 жыл бұрын
GOD*
@davidrice33372 жыл бұрын
@@ramanpreciado2241 the difference between church and the racetrack ? The ones praying at the racetrack really mean it !
@andrewbrewer77022 жыл бұрын
the trainer and the jockey both knew that Rich Strike had a shot. He even had a best track time the week of the Derby, but it took a miracle to get him in the race. Everything came together for R.S. to win that race. And now they are showing their class by skipping the Preakness because it's not the horse's usual rest between races. Watch out for him in the Belmont !
@philhoward87682 жыл бұрын
It’s amazing. Money you already paid tax on, you bet that money and win, and old Uncle Sam wants his cut still.
@mikecarman26522 жыл бұрын
Next time do 15 separate bets of $20
@millyonair92252 жыл бұрын
F the govt. Use bookies, folks.
@Conqueror18792 жыл бұрын
37% to taxes, what a fucking disgrace
@sharonwoods95472 жыл бұрын
I would always bet on the underdog.
@Longtack552 жыл бұрын
What was Jesus backing?
@deputydawg90712 жыл бұрын
Of course, don't forget to pay your Favorite Uncle....Jack*ff
@rualert16022 жыл бұрын
That's not right. The tax rate shouldn't be greater than the tax payers nominal tax rate. Of course it should not be zero.
@perrymind-blowing15972 жыл бұрын
The Jake Barton retirement Care center that's what I heard what did you hear