southsider2k5 Posted June 5, 2003 Share Posted June 5, 2003 http://espn.go.com/ncf/news/2003/0605/1563467.html Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted June 5, 2003 Share Posted June 5, 2003 My theory is whats the big deal. Who gives a damn about a college basketball pool. Everyone does something like that. You put in 10 bucks and have a shot to win a couple hundred. Its just a way of having fun. Its not like he's the Huskies basketball coach. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 5, 2003 Author Share Posted June 5, 2003 My theory is whats the big deal. Who gives a damn about a college basketball pool. Everyone does something like that. You put in 10 bucks and have a shot to win a couple hundred. Its just a way of having fun. Its not like he's the Huskies basketball coach. Only they were talking about a $5000 bet, not $10. Quote Link to comment Share on other sites More sharing options...
Mathew Posted June 5, 2003 Share Posted June 5, 2003 So what? If he gets canned for that, that's a crock of s***. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 5, 2003 Author Share Posted June 5, 2003 And actually if he won $20K, it also makes him a felony tax evader as any winnings over $10k have to be declared and taxes paid on them. I wouldn't be surprised if the IRS was involved in this mess soon. Quote Link to comment Share on other sites More sharing options...
Texsox Posted June 5, 2003 Share Posted June 5, 2003 Not a pool, a Calcutta style tournament. Basically each team is auctioned off with the high bidder "owning" that team. Most Member-Guest golf tournaments at private clubs use that format. The one big difference I see between this and a "draw a team" pool or bracket pool is you aren't just getting a team at random. You have to decide how much you are willing to bet on that team. It's not like everyone tosses in $10 or $100 or $1000 dollars. I might bid and win Gonzaga for $100 and Texas A&M for $250 and you might have Texas last year for $5000 and Notre Dame for $2000. Plus only one person or betting group will have that team. This type of betting is a notch or two above a normal office pool (and more fun) but less than placing a bet with a bookie. I see some sort of suspension. He ain't walking away scott free. Quote Link to comment Share on other sites More sharing options...
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