BG wrote: "All this is academic in my case; I play games where my EV AFTER TAXES (I don't file as a professional gambler) is probably terrible, I have NOT learned all the penalty card variations for precisely correct play, and I probably make enough occasional mistakes that my errors are more important -- but even with all that, why give up a nickel intentionally when you know better?"
Some other things to consider: I assume you're going to tip if you hit a royal? 1% is a typical tip, so now instead of getting 800 bets, you're getting 792 net tip. You mentioned TAXES, if that royal is $1200 or more, you'll be getting a W2G which likely will impact your taxes. How much does that reduce the win from the royal, I don't know, it depends on your taxes, but the hit can be very significant, it can be more than the royal itself. What about that treasured mailer you were getting? Think that won't be affected by your royal win? What else is affected by hitting a royal? Have you considered all the possibilities? Have you considered the Rumsfeld "unknown unknowns"?
But surely you can see that instead of setting the royal to 800 bets in your strategy generator of choice, a reduced value would be more realistic. Once you reduce the value of the royal, that nickel you thought you were giving up may actually be illusionary. Let's say the net-net royal should be more like 400 bets. Now, what kind of strategy do you get with the royal set at 400 instead of 800?
Posted by: nightoftheiguana2000@yahoo.com
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