Goats is on his version of "summer break" and doesn't follow golf anyway.
In all seriousness, not around the computer as much these days between the board being slow, not betting bases, and trying to enjoy the summer before my wife goes back to work (she's a teacher).
I know he won The Open after having a 6 stroke lead going into Sunday and it got closer but haven't read anything about his dad's bet. Feel free to leave a link or maybe I'll google it later.
All that said, was that a typo in your thread title? As I'm sure you know, I'll rarely explain why someone SHOULD hedge.
Waddy,
You're a ballbuster.........but that's ok. I heard about this Sunday night with not too many details. Here's my take:
With tax implictations, the honorability of a 10 year old "shoot for the sky" wager, the early big lead, I don't believe he could hedge anything close to EV.
I wonder what the BM wudda gave Obama's dad regarding his son becoming President of the USA?
Waddy,
I don't believe he could hedge anything close to EV.
Not sure what this could possibly mean. Obviously you intend to say something about him not being able to get enough down on the edge. But, that doesn't have a shred of a thing to do with EV.
Hedging (as frequently misinterpreted by goats amongst others), is a question of increasing the expected growth of ones bankroll (and if this isn't your goal then you should just light your money on fire). In the case of a large underdog who now has a much bigger chance of winning this will frequently involve -ev wagers. In order to make the proper calculation one needs to know the size of Rory's dads bankroll(net worth), assuming sufficiently large enough the proper hedge can very well be zero.
There are no taxes on gambling winnings in the UK.
Really Professor Durito? WTF is this?
McIlroy snr and three friends are understood to have placed £100 each at around 500/1 on Rory winning the Open before his 26th birthday to net each around £45,000 after taxes.........source Belfast Telegraph
The subject of the conversation involves McIllroy Srs tax implications. Capice? or better yet Comprende?
"With tax implictations"
Including tax implications I will lay -500 on as much as you want that you can't figure the proper kelly stake on a hedge without help given certain parameters.
Waddy,
You're a ballbuster.........but that's ok. I heard about this Sunday night with not too many details. Here's my take:
With tax implictations, the honorability of a 10 year old "shoot for the sky" wager, the early big lead, I don't believe he could hedge anything close to EV.
I wonder what the BM wudda gave Obama's dad regarding his son becoming President of the USA?
Here's my quote and you shot down the tax portion. Wake up Sonny, 'cause accepting mistakes are part of most ppls lives.
I wanna gamble with you ......bad. You just keep coming up with excuses and stips.
Ok. Take the hedging bet. I will provide the question and a laptop with programming language of your choice available. You solve the problem you win. lollololololol
Would a third or 4th poster come in here and offer an opinion on Mcillroy Srs tax implications please.
If the question or statement is that he does not have any tax implications, that is incorrect.
Gambling wagers in the UK as of 5 years ago were taxable that I know of, and also if he resides in the USA with his son, his winnings are taxable by the good old USA. USA does not allow online gambling outside a few states but does require you to pay taxes on your winnings above losses anywhere in the world.
waddy
Senior Member
Comments
In all seriousness, not around the computer as much these days between the board being slow, not betting bases, and trying to enjoy the summer before my wife goes back to work (she's a teacher).
I know he won The Open after having a 6 stroke lead going into Sunday and it got closer but haven't read anything about his dad's bet. Feel free to leave a link or maybe I'll google it later.
All that said, was that a typo in your thread title? As I'm sure you know, I'll rarely explain why someone SHOULD hedge.
You're a ballbuster.........but that's ok. I heard about this Sunday night with not too many details. Here's my take:
With tax implictations, the honorability of a 10 year old "shoot for the sky" wager, the early big lead, I don't believe he could hedge anything close to EV.
I wonder what the BM wudda gave Obama's dad regarding his son becoming President of the USA?
Fuck is this?
RB - Rory was +445, I think, to lose going into final round.
(Yes, I realize moot as hedging joke haha, just providing useless info, as is my wont and forte.)
http://espn.go.com/golf/theopen14/story/_/id/11239690/2014-open-championship-rory-mcilroy-father-wins-bet-son
There are no taxes on gambling winnings in the UK.
Not sure what this could possibly mean. Obviously you intend to say something about him not being able to get enough down on the edge. But, that doesn't have a shred of a thing to do with EV.
Hedging (as frequently misinterpreted by goats amongst others), is a question of increasing the expected growth of ones bankroll (and if this isn't your goal then you should just light your money on fire). In the case of a large underdog who now has a much bigger chance of winning this will frequently involve -ev wagers. In order to make the proper calculation one needs to know the size of Rory's dads bankroll(net worth), assuming sufficiently large enough the proper hedge can very well be zero.
Gambling winnings are not taxed in the UK.
"With tax implictations"
http://www.hmrc.gov.uk/manuals/bimmanual/bim22017.htm
Including tax implications I will lay -500 on as much as you want that you can't figure the proper kelly stake on a hedge without help given certain parameters.
Here's my quote and you shot down the tax portion. Wake up Sonny, 'cause accepting mistakes are part of most ppls lives.
Ok. Take the hedging bet. I will provide the question and a laptop with programming language of your choice available. You solve the problem you win. lollololololol
Deflecting what? Take the bet. Can't do an elementary math problem? Not surprised. My 3rd world shithole is 10x nicer than yours (las vegas lolololo)
If the question or statement is that he does not have any tax implications, that is incorrect.
Gambling wagers in the UK as of 5 years ago were taxable that I know of, and also if he resides in the USA with his son, his winnings are taxable by the good old USA. USA does not allow online gambling outside a few states but does require you to pay taxes on your winnings above losses anywhere in the world.