Man Denies Trying To Dishonestly Obtain $25K
In Magistrates Court today [June 20], a 25 year old man denied trying to dishonestly obtain $25,000 cash from Sea Horses Betting Shop in April 2014.
Dashae Simons pleaded not guilty to creating a false instrument in the form of a Sea Horses betting shop slip; using that false instrument to induce a cashier at Sea Horses to give him cash; and attempting to dishonestly obtain $25,000 cash from Sea Horses Betting Shop.
Senior Magistrate Archie Warner set trial for October 2014 and granted Simons $5,000 bail.
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Interesting story. Can someone explain to me why tax is no longer applicable on bets at sea horses, I thought it was 20% but it no longer applies. Was there a change in the law?
They’re paying your taxes instead of paying the 10% on top of trebles and upwards for soccer so that they can save money.
They are not covering the 20% on every bet placed. The tax either no longer exists or they are not collecting the taxes that are due.
Seahorses used to give you a bonus 10% on your winning on football games. They no longer give you the bonus 10% bonus but instead pay the tax on your behalf. They don’t do it on all sports betting, I think just football and maybe golf.
There is still a 20% tax and they still pay it. They, like all other gaming shops are audited regularly. They just pay it for you and it makes better business sense.
A $10 bet on USA to Beat Portugal by 3 – 1 has 41 to 1 odds. If they pay the tax that will cost them $2 and if they win. They are $8 ahead. If you win they would pay out $410 + that 10% bonus would be an extra extra $41.00.