Shagatola wrote: "The thing is -- you don't just have one play for the year. You probably have a whole bunch of stuff you play. It all
works together."
OK, if everything you're playing in a tax year has similar Nzero numbers and betsizes, and the total together puts you over Nzero for the tax year, you're good. 5000 hands of FPDW at one casino would be no good, however 5000 hands of FPDW at every casino in Vegas at the same betsize would be good. However, if your play includes a game with an unusually high Nzero or betsize compared to the rest, then you have a problem, you can't just count up all your play. The high Nzero or betsize play is an outlier and if you're not playing enough hands of it you're likely taking a loss on that play, which is fine if you have offsetting wins from your other plays, but if it forces you to take a net loss for the tax year, your EV is no longer what you thought it was since you don't get a corresponding tax credit for a gambling loss. Lower EV means more bankroll risk and even longer Nzero numbers and if it goes negative, well ...
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Posted by: nightoftheiguana2000@yahoo.com
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