Do horse racing bettors pay taxes on their wins?

Question

I would like to know, do horse racing bettors pay taxes on their wins. As I am planning to place a bet on upcoming horse race events. Please help me in this regard as I don't want to pay any part of my horse race betting wins in taxes.

Answer 1

In order to have latestinformation on horse race betting follow this link: horse-racing-student.co.uk/guide/betting-rules.asp