bornloser wrote: "<smile> I like Dunbar's adage (or is it Shackleford's?). It seems a good explanation to Dancer's play.
It is not whether you win or lose, it is whether it is a good bet."
But what makes a bet a good bet?
I would propose that good bets are ones that end with a net win in the tax year. Under that definition, it's not whether or not a particular bet wins or loses, but the net of bets for the tax year has to be a win. If it's a loss, there's a tax penalty (gambling losses can not legally be carried forward) that has to be accounted for.
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Posted by: nightoftheiguana2000@yahoo.com
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