Anybody Play Bestslips?

Reply #15

worksuxxx — Sun, 12 Mar 2006 21:33:16 GMT

Thanx Lottomike..

Same thread but another question, if total non double combinations = 120 combinations and for a $1 bet they pay out $150 wouldn't they possibly go under if every player bet the full 120 combinations and won $150 everytime a non double combo was drawn?

I don't know about you, but I could easily get the number of bets to an easy 75 with an extremely high hit ratio and double my money more times than I would lose. State run lotteries have payouts lowered enough to make it n... [ More ]

Reply #14

LOTTOMIKE — Sun, 12 Mar 2006 17:39:38 GMT

the question is solved i emailed them and they replied they do not report or take taxes from any winnings on pick 3 or pick 4 games.......only on the jackpot games......and one more thing no multiple bets on numbers.

Reply #13

LOTTOMIKE — Sun, 12 Mar 2006 17:22:31 GMT

i certainly understand the confusion factor here! this is why i've been betting quarters instead of dollars.

Reply #12

worksuxxx — Sun, 12 Mar 2006 16:23:44 GMT

Jim695, I am not trying to dupe the IRS... If my wins are under $599 every time no matter how many times I win by law I do not have to report. I could win boxed $80 100's of times a year and not have to report. But if I win any one time over $599 it is reported, which means my winnings are taxed. I am playing by their rules, and only wish to keep winnings to myself not to the government. So no I am not trying to dupe the system, only abiding by it.

I have found that you are unable to play m... [ More ]

Reply #11

Todd — Sun, 12 Mar 2006 16:14:52 GMT

I think we did our best to explain - at this point I think you should contact them and ask them directly

Reply #10

gilla — Sun, 12 Mar 2006 16:00:40 GMT

I read it, so if Iplay $1 straight on pick 4 and win $9000, what happens? I play 345 six times straight and it comes in and I win $5400, what happens

Reply #9

CalifDude — Sun, 12 Mar 2006 15:52:16 GMT

Worksuxxx was talking about Pick 3 and Pick 4. Betslips.com does not purchase those tickets and since they are not in the United States taxes are not withheld or reported to anyone.

The other jackpot type games are different. They actually purchase those tickets in the United States, so taxes are then a concern.

Reply #8

Todd — Sun, 12 Mar 2006 15:51:59 GMT

gilla,

I guess you didn't read what I wrote. I will quote from my message above: I think they're talking about a winning lotto ticket, not a Pick 3/4 prize.

Reply #7

gilla — Sun, 12 Mar 2006 15:44:03 GMT

So don't play $1 straight pick 4 numbers, or multiple pick 3 numbers that would win over $5000? Again, automatically withheld by whom and where does it go

Reply #6

Todd — Sun, 12 Mar 2006 15:26:04 GMT

Whether you or they redeem a winning lotto ticket, the state will automatically withhold taxes either way. I think their statement on their site is correct...

Reply #5

gilla — Sun, 12 Mar 2006 15:21:27 GMT

I thought they met with you and handed you those tickets, so no need for anything being withheld. (

except their 1%. so don't play a ticket that would win over $5000. and question above still unknown.

Reply #4

Todd — Sun, 12 Mar 2006 15:14:43 GMT

I think they're talking about a winning lotto ticket, not a Pick 3/4 prize.

Reply #3

gilla — Sun, 12 Mar 2006 15:12:06 GMT

Q:What are the tax liabilities on my prize?

A:There are only taxes withheld on prizes greater than $5,000. If you win a prize greater than $5,000, Federal taxes of 25% are automatically withheld for USA citizens, or 30% for non-USA citizens. State taxes vary from state-to-state, so we can only say you should be prepared for somewhere between 3% and 7% for state taxes. Although taxes are always a big topic among lottery players, that is really all the information we have to provide to you.

Reply #2

CalifDude — Sun, 12 Mar 2006 15:01:17 GMT

I am playing at betslips.com and do like most of what they offer. I haven't played a number more than once, but from what I read you can play more than once if you uncheck or check (sorry I don't remember how it is worded) to allow duplicate numbers. But once you have placed your bet, you can't come back later and play that number again, so do it the first time.

I haven't won yet, so I can't say about getting the money, but I'm sure LottoMike will tell you!

As far as the taxes...I do kno... [ More ]

Reply #1

jim695 — Sun, 12 Mar 2006 14:54:27 GMT

While I agree with your handle (at least in principle), I would encourage you to pay your taxes on all of your wins. The relatively few dollars you'll temporarily save by dodging won't be adequate to pay your attorney to defend you in federal court against the IRS, not to mention the interest and penalties they'll assess.

Bad things happen to good people, but the chain of events usually begins when good people try to pull something like this.

Anybody Play Bestslips?

worksuxxx — Sun, 12 Mar 2006 14:20:10 GMT

I am interested in the Post Todd has up on this online lottery site for Pick 3. But would like to know if anyone here has actually tried it. Looking also for answers not in FAQ on this web site.

Question 1) How are you paid for winnings? Do they send checks to you, wire into your bank account or some other method?

Question 2) Can you play same set of numbers multiple times for same drawing. I like to play a set of 20 numbers sometimes 10-15 times for a given day to win either 10-15x's the... [ More ]