Sports betting: Are betting winnings tax-free?

Germans bet a staggering 9.3 billion euros on sporting events in 2019. This means that betting stakes have more than doubled within five years, according to Statista. Commercial sports betting providers such as Bwin, Bet365, tipico, Interwetten and Admiralbet are the main beneficiaries of this trend. The state sports betting Oddset has a significantly smaller market share and the conclusion of Oddset bets is currently also only possible in 9 of 16 federal states.

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The surefire soccer bet

With one hundred percent certainty, only the betting provider wins on a sports bet. A Berlin mathematician knows an option that promises surefire profits as long as only a few people know about it.

Actually I should not write about it. I should keep to myself that I was at the Technical University in Berlin and met a mathematician there who promised me what is actually impossible: a bet in which you cannot lose, but only win.

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