Kentucky Derby Loser: Being Bad at Math Cost this Man $13,240

4 Comments

Even though it’s little on the old side, I couldn’t resist passing on this article. A man bought every combination of the Kentucky Derby trifecta so that he would assured to win. Unfortunately he spent $13,680 in placing bets. He came away with $440 in winnings. So if you were looking for good way to lose nearly 97% of your money in just a few minutes, I highly recommend this plan.

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Posted by Lazy Man on May 25, 2007

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4 Responses to “Kentucky Derby Loser: Being Bad at Math Cost this Man $13,240”

1. 
   1
   Jongasm Says:
   May 25th, 2007 at 10:45 am

   Wow, he wasn’t too bright. In similar news, my friend just won a Trifecta bet the other day. He bet one dollar, and won $140. It was awesome.

2. 
   2
   thwegger Says:
   May 25th, 2007 at 10:57 am

   link:

   http://www.aolsportsblog.com/2007/05/08/man-pays-13-680-to-win-440-kentucky-derby-trifecta/

3. 
   3
   Tread Says:
   May 25th, 2007 at 12:30 pm

   Greed and stupidity prove yet again to be a less than prosperous combination.

4. 
   4
   Lazy Man Says:
   May 25th, 2007 at 2:27 pm

   I know you do over 10K and I’m not sure under. I’m betting you do, but I think you can offset with the losses to some degree. I don’t think you can write off loses, but I think you don’t get taxed on the winnings if your net is negative.

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