Multiple bills have been introduced to reverse the change:

FAIR BET Act (HR 4304) â€" introduced by Rep. Dina Titus (D-NV), this bill seeks to restore the full (100%) deduction.
NatP tax Blog
+2
NBC Sports
+2

WAGER Act (HR 4630) â€" introduced by Rep. Andy Barr (R-KY), this is a Republican-led effort to repeal the 90% cap.
CasinoBeats
+1

FULL HOUSE Act in the Senate (by Sen. Catherine Cortez Masto, D-NV) aims at a similar repeal in the upper chamber.
NBC Sports
+2
NatP tax Blog
+2

These efforts show bipartisan interest in reversing the deduction cut.
NBC Sports
+2
CDC Gaming
+2

However, so far, attempts have been blocked or stalled â€" for instance, Senator Todd Young (R-IN) objected to a unanimous consent move to overturn the change.
The Nevada Independent
+2
NBC Sports
+2

Additionally, the FAIR BET Act has gained new cosponsors, including both Democrats and Republicans, which suggests growing support.
CDC Gaming

⚠️ Challenges and likelihood

Procedural hurdles: Because the change was part of a large tax/appropriations bill, rolling it back may require going through the same complex legislative processes, which are difficult to navigate.

Revenue impact: The limit is projected to raise about $1.1 billion over 10 years, giving it some fiscal appeal.
NatP tax Blog
+2
The Nevada Independent
+2

Political will: Some lawmakers reportedly weren’t aware the gambling change was included in the larger bill, so awareness and pressure may drive more support.
The Nevada Independent
+1

Timing: The 90% limit doesn’t take effect until 2026, so there is still time for Congress to act before implementation.
NatP tax Blog
+1

Byrd Rule
https://atr.org/congress-should-restore-full-deductibility-of-gambling-losses/

The current law says you can deduct losses to the extent of your winnings.

The new law says you can only deduct losses up to 90% of your winnings.

Technically, under both laws, one is required to report all gambling winnings.
Technically, we should all be keeping detailed records of our winning and losses.
For example:

Player Shannie cashes $1 million in winning bets in 2026.
Player Shannie loses $10,000,000 on all other bets (LOL).

Player Shannie gets to deduct $900,000 in losses against his $1,000,000 in winnings.

Thus, despite losing $9,000,000 dollars net, Player Shannie gets to report $100,000 in gambling winnings and pay Uncle Sam income tax on the $100k

What a Big Beautiful Bill.  LOL

I think I have this right. It means we all need to retire January 1, 2026.

Richie,

Not playing OP (So am not up to date on trainer stats, track bias etc.) but I did tune in for Sunday\'s card.
Had the TG\'s as well.

Went back and looked at the race which was a pretty meager lineup for MSW at any level.
Not sure why the #2 would have been bet as Moquett 1sters do not normally interest me. TG stats, however, do show some efforts from some Moquett  firsters. ( 9 to 16 tg range for a few) So a TG in that range and the PRAT tax makes the #2 understandable.

As to the others, only the 2 you mentioned 8 and 9 had any sort of TG # that would make them competitive.

I imagine most had the 8&9 on horizontals.

The 11 had a TG 23 last year at 10-1 for a trainer that does not send many maidens.  Half to Table Money who ran some fast TG\'s and is the only sibling on the dam side to race. The sire Bee Jersey has a TG profile that say offspring perform better at sprints than routes.

Considering that the balance of the field ran 18 tg and up, it would be hard to be really confident about any selection based on figs. (But that is just my opinion)

So. as to your theory. If I had the 11 in my sequence, I would NOT want him as the favorite and have my ticket diluted. (Am sure your friend \"S\" felt that way ).
If I was a CAW and had the 11 covered to some degree, I would feel the same way.  In theory, if I was a CAW spreading based on probabilities (or if I was a whale\")  I would have probably used the 11 proportionately in my horizontals  and my \"return\" would not be impacted by the scratch of #2. What I am suggesting is that if a bettor hated the 2nd and 3rd choice ( 8 & 9)  but loved the 4th choice, why make the 4th choice the favorite?  Just cash your larger payoff when the 11 wins. The scratch of the #2 would not impact your return.

If, on the other hand, you had failed to include the #11 in your horizontal wagers, (say you only singled the #2 in the finale) then what you propose makes sense. But only if you (for some reason) you knew or were supremely confident the 11 was such a Cinch of a horse that \"CAN DO CAN DO\".

Was not watching the tote for the 12th. What were the odds on the 2 8 9 and 11 prior to the #2 scratching?  

Hope all is well in the show me state.

Bob

Bit

saw this as well.

am trying to get hold of his GS research on the AI topic.

I know he stopped posting years ago on this site.
Was never sure if he is still in the \'game\' but I do remember Beach Patrol and a few others.

Surprised no comments yet on the thread.

Just received an e-mail for Thorograph Players regarding the new XPressbet
agreement.

Looks like a very generous offer and a great plan!

I had an inactive account which, with the help of XPressbet customer service was reactivated and funded.

Congrats to Jeff, Jerry and your entire team for putting this together.

Bob

re/ the weather

Had planned a trip as well. Forecast was a bit iffy and our group (Fairmount, Frank D, Jimbo, Shanahan etc. usually hang out in the NEW Uncle Bill\'s Backyard-- which are the picnic tables near the paddock.

I cancelled and rescheduled for Alabama weekend. But some of the crew is on site.

Will be there Thursday thru Sunday next week. Probably at a paddock picnic table weather permitting.

PM me if you like or e-mail at rdwyer@epix.net

Good Luck!!

Roman

Interesting tactics for sure.

Watched the replays a few times.

Mindframe got an ok trip until he decided to move outside.

Made a menacing move off the turn and appears to have even taken the lead momentarily.

Looks like Irad hit him right and left handed. And you are very correct, as he seems to react each time

Also think that Mindframe was bearing out. I suppose it could be the left handed stick or he was just a a tiring horse.

To me, Dornoch ran his race. Took pressure from Timberlake and went on.

Mindframe (grossly over bet at 4 to 5 ?) just looked like a tired horse bearing out. ( at least to me).

Interesting race that will debated if they all run back in Travers.

Beat of Luck to Torpedo. I know there are a few Tgenerates that will emptying their bank accounts on her is she goes in Travers.  LOL

Nice story Richie.

Glad you both cashed some nice tickets!!

Speaking of workouts, did you ask the Coach what he fed Lemon to get those 2 works before Saturday?

BTW

I spoke with Frank D at some length this A.M. He is out on medical leave for Florida. Richiebee and Uncle Bill also put on the disabled list.

Enjoy!!

thanks for posting.

listened on Spotify....nice inetrview. Highly recommend


I had been on \"waiting list \" for the book. Read it last summer and passed along to Frank. He informed me this morning that he has yet to read it.!!  

Bob

nice catch Shanny!

is there a problem for others opening this file?

I get a \"file corrupted\" message.

thx

by Edited Press Release|08.11.2022|5:16pm


NYRA Entity Buys 49 Percent Stake In United Tote From Churchill Downs
by Edited Press Release|08.11.2022|5:16pm

story dated 8/11/2022
about 1 year ago

did not hot link: here is story



Churchill Downs Incorporated (Nasdaq: CHDN) announced on Thursday that it has entered into an agreement to sell 49 percent of United Tote Company, a wholly-owned subsidiary of CDI, to NYRA Content Management Solutions, LLC, a subsidiary of the New York Racing Association, Inc.

NYRA is a not-for-profit corporation that operates the three largest Thoroughbred horse racing tracks in the state of New York – Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park in Elmont; and Saratoga Race Course in Saratoga Springs.

The transaction is subject to usual and customary closing conditions, including applicable regulatory notices and approvals, and is expected to close by the end of 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI.

CDI and NYRA intend to work together to create and provide a comprehensive and efficient industry-leading pari-mutuel solution through United Tote that will expedite the expansion of horse racing seamlessly onto sports wagering platforms to reach new customers. Pending the appropriate regulatory approvals, NYRA will transition its pari-mutuel wager processing to United Tote in 2023 under a separate agreement.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. It owns and operates three entertainment venues with approximately 3,050 historical horse racing machines in Kentucky. CDI also owns and operates TwinSpires, one of the largest and most profitable online wagering platforms for horse racing in the U.S. and eight retail sportsbooks. CDI has in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about Churchill Downs Incorporated can be found online at www.churchilldownsincorporated.com.

About United Tote

United Tote is a leading supplier of totalisator systems, services and equipment and also provides technology services to process wagers and payouts and pari-mutuel tote services to leading racing operations including Churchill Downs Racetrack. United Tote also currently designs, manufactures and operates pari-mutuel wagering systems for more than 150 racing companies and numerous OTB facilities in North America and around the world.

About NYRA Content Management Solutions (NCMS)

NYRA Content Management Solutions (NCMS) is a limited liability corporation established by NYRA in 2019 as a simulcast purchase and sales agent for Thoroughbred and Standardbred racetracks across the country. In addition to negotiating content agreements for its clients, NCMS provides a variety of strategic consulting services.

About the New York Racing Association, Inc. (NYRA)

The New York Racing Association, Inc. (NYRA) holds the exclusive franchise to conduct Thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State\'s racing industry, which is responsible for 19,000 jobs and more than $3 billion in annual economic impact. For additional information, visit NYRA.com.

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https://paulickreport.com/news/the-biz/nyra-entity-buys-49-percent-stake-in-united-tote-from-churchill-downs/


This story?

United Tote conversion.

How about telling your customers?

This is worse than Giants Cowboys  

NYRA BETS is one screwed up operation.

At the moment, I have a $2 minimum for any bet.
that includes all horizontals, superfectas, trifectas etc.

I called the customer service and they told me that they were \"working on it\"  

I asked what is the timeframe?
Answer: \"Don\'t Know

I asked if I could call or contact the IT department for NYRA Bets?
Answer: NO!!

No service. No announcements. No acknowledgements.
 

I used Twinspires over the weekend.

Despite TGJB\'s loyalty to NYRA, I would suggest that you consider moving to another ADW if possible.

Bob  


Am looking for another site for future wagering.

Any suggestions welcomed.