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Why can't this happen to me?

  • Thread starter Thread starter jsteinb95
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jsteinb95

UK gambler makes almost $2 million off $1 wager
By The Associated Press
Feb 23, 6:06 pm EST

LONDON - A lucky gambler has made 1 million pounds, or about $1.97 million, from a 50 pence ($1) bet, British bookmaker William Hill said Saturday.

The man, who William Hill has not identified, correctly guessed the outcome of eight horse races Friday, beating odds of two-million-to-one.

He walked into a William Hill branch in the north England town of Thirsk and placed wagers on eight horses in eight different contests in a so-called “accumulator bet,” the company said.

His first win came when a horse called “Isn’t That Lucky” won the 2:55 p.m. race at the Sandown track, southwest of London. By the time “A Dream Come True” crossed the finish line at the Wolverhampton racecourse in central England later that evening, the man had won 1 million pounds.

William Hill spokesman Graham Sharpe says the man was oblivious to his win when he came to a different William Hill branch Saturday to place more 50 pence bets. Sharpe said the man had not won any of Saturday’s wagers, losing 2.50 pounds.

“If he does it another 400,000 times we’ll have it all back,” Sharpe said.

William Hill, one of the biggest players in Britain’s gambling industry, operates more than 2,000 betting shops across the country.
 
that happened around here last week, a college girl put $100 worth of pennies in a Penny slot machine and waled away with 3.something million dollars...
 
yeah I read about this today....thing is with gamblers though is that he's probably been been betting every day of his life that he could - bearing in mind he's 60 now. So overall I doubt he's up very much at all in the grand scheme of things.

Not saying I'd say no though!!! :o
 
yeah I read about this today....thing is with gamblers though is that he's probably been been betting every day of his life that he could - bearing in mind he's 60 now. So overall I doubt he's up very much at all in the grand scheme of things.

Not saying I'd say no though!!! :o

Yeah and don't forget he will pay plenty in UK taxes....
 
Yeah and don't forget he will pay plenty in UK taxes....

ha ha, just this once (you wont often hear an English bloke say this but...) he wont have to pay tax on it. Any winnings whether it be with a bookies or lottery etc is untaxable as all the money pumped into it to create the winnings pot has already had the tax paid......

Wouldn't surpise me if they change that though!!
 
Honest jobs are too much work!

I have always wanted to be a professional gambler for this exact reason!


ha ha, just this once (you wont often hear an English bloke say this but...) he wont have to pay tax on it. Any winnings whether it be with a bookies or lottery etc is untaxable as all the money pumped into it to create the winnings pot has already had the tax paid......

Wouldn't surpise me if they change that though!!
 
ha ha, just this once (you wont often hear an English bloke say this but...) he wont have to pay tax on it. Any winnings whether it be with a bookies or lottery etc is untaxable as all the money pumped into it to create the winnings pot has already had the tax paid......

Wouldn't surpise me if they change that though!!

Not here buddy, Your going to get power slammed with a 1099G and stand by.....
 
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