Ellis Park Picks

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July 26, 2020

Ellis Park Picks

Free Ellis Park Picks for Today

RACING IN KENTUCKY HAS SWITCHED TO cHURCHLL dOWNS –
Check our other free horse racing picks for today
Free Belmont Park Picks Click here
Free Churchill Downs Picks  click here
Free Long Shot Play click here

How much do I have to bet?

Wagers have different bet minimums. You can make a wager for as little as ten cents ($0.10) playing the Superfecta or $1 for a Win bet. Although these are the minimums, many guests wager more and $5, and $10 Win bets are quite common. NYRA also has designated windows for guests wagering a minimum of $50 per wager.

How do I place a wager at the window?

  • State the NAME of the track.
  • State the RACE NUMBER.
  • State the AMOUNT of the bet.
  • State the TYPE of bet.
  • State the NUMBER of the horse.
  • Example: “Belmont, 4th race, $10 to Win on 5.”

How are the odds determined?

The track handicapper sets the morning line, which are the odds he believes the horses will be at post time. As money is wagered, the odds change continuously until post time, and are determined by the amount of money wagered on each horse.

Why do odds fluctuate after the race starts?

Wagering at all NYRA tracks closes when the starting gate opens. Final odds cannot be posted until the race is in progress. There is a slight delay due to the high volume of last-minute wagering at simulcast sites across the nation as final odds are calculated by the totalisator system. No wagering site has the capability to accept bets after the start of any NYRA race.

Do I have to report my winnings to the IRS?

The Internal Revenue Service requires reporting of payouts on wagers or group of identical wagers that exceed odds of 300 to 1 and pay in excess of $600. IRS regulations also require automatic 24% withholding on payouts that exceed $5,000. Please note that for non-US residents, IRS regulations require automatic withholding of 30% on wagers that exceed odds of 300 to 1 and pay in excess of $600. Windows designated for IRS winning tickets are located on all floors. Patrons must present a picture ID (driver’s license or non-driver’s state ID, federal, state, or city ID, passport, or NYRA ID).

How much do I have to bet?

Wagers have different bet minimums. You can make a wager for as little as ten cents ($0.10) playing the Superfecta or $1 for a Win bet. Although these are the minimums, many guests wager more and $5, and $10 Win bets are quite common. NYRA also has designated windows for guests wagering a minimum of $50 per wager.

How do I place a wager at the window?

  • State the NAME of the track.
  • State the RACE NUMBER.
  • State the AMOUNT of the bet.
  • State the TYPE of bet.
  • State the NUMBER of the horse.
  • Example: “Belmont, 4th race, $10 to Win on 5.”

How are the odds determined?

The track handicapper sets the morning line, which are the odds he believes the horses will be at post time. As money is wagered, the odds change continuously until post time, and are determined by the amount of money wagered on each horse.

Why do odds fluctuate after the race starts?

Wagering at all NYRA tracks closes when the starting gate opens. Final odds cannot be posted until the race is in progress. There is a slight delay due to the high volume of last-minute wagering at simulcast sites across the nation as final odds are calculated by the totalisator system. No wagering site has the capability to accept bets after the start of any NYRA race.

Do I have to report my winnings to the IRS?

The Internal Revenue Service requires reporting of payouts on wagers or group of identical wagers that exceed odds of 300 to 1 and pay in excess of $600. IRS regulations also require automatic 24% withholding on payouts that exceed $5,000. Please note that for non-US residents, IRS regulations require automatic withholding of 30% on wagers that exceed odds of 300 to 1 and pay in excess of $600. Windows designated for IRS winning tickets are located on all floors. Patrons must present a picture ID (driver’s license or non-driver’s state ID, federal, state, or city ID, passport, or NYRA ID).

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