1 left on another parlay $86K, Question is about cashing out limits

Question

Many of you probably saw my parlay week 1 where I walked away with $49K, I am down to 1 game on another for $86K. I know gambling winnings are tax free in Canada but I was also told if you win multiple big amounts they can say you are a "professional" gambler.

Since Jan I have cashed out 17k, 19k, 26k and 49k, I will definitely hedge this last game to guarantee myself atleast 20K profit. Do I have anything to worry about?

lootz14 · Answer

Many of you probably saw my parlay week 1 where I walked away with $49K, I am down to 1 game on another for $86K. I know gambling winnings are tax free in Canada but I was also told if you win multiple big amounts they can say you are a "professional" gambler.

Since Jan I have cashed out 17k, 19k, 26k and 49k, I will definitely hedge this last game to guarantee myself atleast 20K profit. Do I have anything to worry about?

lonniejoshua · Answer

who cares...if you get audited later pay taxes on it,....go buy something with cash

Plisskin76 · Answer

lmao

Copag07 · Answer

Dang bro GL, but didn&#39;t see your posted par today.

bluecob4lt · Answer

When you going to start touting?

tthornton · Answer

I have Bronco&#39;s ML to complete my $269,879.00 parlay... Hopefully Manning can get it done....

LJ8908 · Answer

What were your plays?

wolvie10 · Answer

hey bud, congrats on the huge hit!! can you email me , i have a question.........................

wolvie10 · Answer

or add me as a friend? and pm here?

HatadorLovett · Answer

I have a 11 team parlay that I put $100,000 on. I&#x27;ll actually be worth 2.7 billion if I win. Which will make me the 45th richest guy in the world. Crazy huh?

BigNiner · Answer

It certainly is interesting that you post this (and the ones that came before it) at the last leg of the parlay.&#xD;&#xA;Quite curious. Not calling you a liar, but...

Raging_Fetus · Answer

LMAO. OP GET LOST

Perfect1313 · Answer

Seeing Walt is dead you can clean your money dealing some crystal meth .................

Ed-Collins · Answer

[Quote: Originally Posted by lootz14]  &#xD;&#xA;...I will definitely hedge this last game to guarantee myself at least 20K profit.  Do I have anything to worry about?  [/Quote]Yes.  You should worry why you&#x27;re putting yourself in a position where you can hedge at all."If you are in a position to hedge, you&#x27;ve already made a fundamental error."https://www.covers.com/postingforum/post01/showmessage.aspx?spt=21&amp;sub=740779

Cover34 · Answer

lol..u guys actually buying this?

wolvie10 · Answer

guys he aint lying..i saw his ticket...its pretty sick

BigNiner · Answer

&#xD;&#xA;I don&#x27;t like people who speak in the third person.

TroyG25 · Answer

[Quote: Originally Posted by BigNiner]  &#xD;&#xA;I don&#x27;t like people who speak in the third person.  [/Quote]???? Comprehension?

Sourdough1187 · Answer

He&#39;s full of shit. Haha umm what you want a hand job. WTF.

lootz14 · Answer

Everyone is quite negative on here for some reason, its fine if no one wants to believe.  Although if interested I have no problem sharing/emailing a picture of the ticket.  But I was really hoping for a educational answer on my original question.  GL All

vegasroy · Answer

i live in vegas,you hear many tall tales. best thing is to say,lets see the ticket

lootz14 · Answer

&#xD;&#xA; &#xD;&#xA;Yes I guess you would although I don&#x27;t see the point in making anything up, nobody really knows each other, no gain from it.  Anyway for sure I will share, what is your email?

pindex · Answer

[Quote: Originally Posted by lootz14]  Many of you probably saw my parlay week 1 where I walked away with $49K, I am down to 1 game on another for $86K.  I know gambling winnings are tax free in Canada but I was also told if you win multiple big amounts they can say you are a "professional" gambler.&#xD;&#xA;Since Jan I have cashed out 17k, 19k, 26k and 49k, I will definitely hedge this last game to guarantee myself atleast 20K profit.  Do I have anything to worry about?  [/Quote]

onthemound#5 · Answer

Do you think anybody with any sense believes you?&#xD;&#xA;WHAT A MORON!!!

1 left on another parlay $86K, Question is about cashing out limits

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