The reason why betting on horses isn't considered investing is because the ATO would lose too much tax from people claiming their losses against the rest of their income.
Same with any winnings from a casino, vast majority of gamblers lose money.
If you're good enough to win at either you're doubly lucky.
- Forums
- Political Debate
- What's costing more
The reason why betting on horses isn't considered investing is...
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online