Stu wrote: "I am certainly in that category where W-2Gs would significantly affect other benefits I get...so much so that I would basically lose 100% of my win! I still would not play a strategy other than max-EV."
For what it's worth, if I was in your situation, I'd play quarter slots and table games, whatever doesn't involve extra paperwork or disclosing one's SSN. At many casinos this will get all the interesting promotions anyway. I'd go with Kelly strategy, but it's probably not much different than maxEV in many situations.
I'd be real leery about playing anything that involved W2G's. For one thing, there's the tax consequences as you say. For another thing many casinos use W2G's to decide who to backoff or no mail, so you'd be putting all that hard earned quarters reputation at risk. I'd keep my eye out for a casino, or casinos, that was looking to increase their business and doing a lot of promotions. If the promotions were enough (probably over 1.6% total) and I couldn't get them just with quarter play or table play, then I'd be tempted to play something that involved W2G's. But W2G plays have a lot of hidden costs, so I'd want to make pretty sure I covered all the bases. There's too many risks involved with W2G play to make playing tight situations a good idea. As you say, there's no reason to give the casinos even more money, unless you get something of value in return.
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Posted by: nightoftheiguana2000@yahoo.com
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