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  #51  
Old 29th July 2018, 10:18 AM
Try Try Again Try Try Again is offline
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Many years ago I remember reading 3 "so called experts" were asked to list their best Buy, Keep and Sell stock.

The same company was listed as Buy, Keep and Sell!

Who do you believe? Put me off believing anyone.

Regards TTA
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  #52  
Old 29th July 2018, 03:43 PM
Chrome Prince Chrome Prince is offline
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Quote:
Originally Posted by UselessBettor
Fortunately I rarely ever have losses so this wouldn't work.


Yes, but you can ask to claim back internet fees, phone calls, travel expenses, chairs, desks, part of home rental, mortgage, council rates, software fees, computers, Microsoft Office, Microsoft Windows etc.

There's no way they are going to entertain allowing that.
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  #53  
Old 29th July 2018, 03:47 PM
Chrome Prince Chrome Prince is offline
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Quote:
Originally Posted by demodocus
Simple. these fine folks are "EXPERTS", they're not punters like you and I who travel on 'feeling' and 'the way the race looks' and the market and the tips and your astrologer, and they're certainly NOTlike the so called statisticians who market themselves as 'horse-racing' diviners.

If there was a "Magic Algorhythm" then it would have been delivered long ago.


Or you could just subscribe to that annoying man on the TV who sold his business to William Hill. He's now a professional tipster. He provides no past results breakdowns. Or you could just sit and learn from him, for a cool $120,000. LMAO
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RaceCensus - powerful system testing software.
Now with over 305,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
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  #54  
Old 29th July 2018, 08:20 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Chrome Prince
Yes, but you can ask to claim back internet fees, phone calls, travel expenses, chairs, desks, part of home rental, mortgage, council rates, software fees, computers, Microsoft Office, Microsoft Windows etc.

There's no way they are going to entertain allowing that.


Deductions of a few thousand dollars would easily be offset by the tax they would collect I'm sure they would tax me if they thought they could.

Still I encourage people to get a tax ruling just in case.

Also I want to remind people (although this does not affect me), that tax on gambling winnings is very different to income you need to declare for the pension or any allowances you get from the government. If you have "regular" income coming in through punting then you will need to declare that to the government and it will offset your pension/centrelink allowances.

Keep that in mind.
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  #55  
Old 29th July 2018, 08:51 PM
Chrome Prince Chrome Prince is offline
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It depends on the amount, disability, unemployment, and pensioners are allowed a certain income stream before it affects their government benefits.
In saying that, if you are receiving a large income from gambling, I'm not too sure how that sits, because it's not taxable (with a ruling). I'm not even sure that lottery winnings would be a problem.
However, best to get a ruling and ask Centrelink also, I do know that if you're on any government benefit and trading shares on the side, that must be reported to both government bodies.

Funny isn't it that trading shares is not seen as gambling, I could tell you a few stories
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RaceCensus - powerful system testing software.
Now with over 305,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
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  #56  
Old 31st July 2018, 01:13 AM
partypooper partypooper is offline
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Just having house, car, Life, health, etc. insurance is ALL gambling!
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  #57  
Old 31st July 2018, 11:12 AM
Chrome Prince Chrome Prince is offline
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I'm also amazed at those who frown upon punting, yet put massive systems on Tattslotto every week.

I live in an area that generally is quite well off and is prime real estate. I once asked the newsagent if he could get Best Bets in for me and he looked at me like I had two heads and said "there's not much call for horse racing stuff in this area." Yet his Lotto machine is always very busy and when I'm in there to buy stamps, stationery etc. I'm astounded at some of the amounts people put through his machine.
__________________
RaceCensus - powerful system testing software.
Now with over 305,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2018
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
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  #58  
Old 25th August 2018, 05:00 PM
kiwi kiwi is offline
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Angry

Aus has all sorts of gambling yet they killed off online poker. Have a couple of Australian mates who were very annoyed by your stupid government doing that.
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  #59  
Old 25th August 2018, 05:19 PM
kiwi kiwi is offline
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Lightbulb

I notice people consistently post inflexible systems.
Each race is different. So much has to be allowed for. Pace for starters. Will the race pace be fast slow muddling. Will the race be suitable for front runners sitters or swoopers.
Rigid systems with rules 1-10 can't possibly understand things like pace and race times, which can, if comprehended, focus your attention on those few capable of winning.
Some horses are just not capable of running fast times. Same as with athletes. There are always many athletes in a race that are totally outclassed and the same will happen in a horse race.
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Last edited by kiwi : 25th August 2018 at 05:21 PM.
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