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Just put a £20 bet on for Trump to win

RichUK

RichUK

Lifer
Don't let me down!

20161108_191620.jpg
 
Should have given me that cash instead.... that's a waste. The outcome was predetermined, and he was not going to win no matter what.
 
I matched bet it as 888sports and betfair were offering 4/1 odds for Hillary to win. Whoever wins I get £60
 
They gave you pretty shitty odds (payout), twenty down should get you 160 back that's even giving the odds maker a decent payout.
 
The odds are moving and not in your favor. Either you threw away £20 (likely) or you could have won much more. Either way, nicely done!
 
sdifox said:
Do you have to pay tax on the winnings?

I am still shaking my head.
Click to expand...

Not in the UK

HMRC logic is that if they tax gambling winnings that means gambling losses can be deducted and since more people lose than they win it would be a net loss. They just tax the bookies on their profits.
 
Timorous said:
Not in the UK

HMRC logic is that if they tax gambling winnings that means gambling losses can be deducted and since more people lose than they win it would be a net loss. They just tax the bookies on their profits.
Click to expand...

That was what I figured bu wasn't sure. Thanks.
 
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