Why play taxable denominations

[rapidbison]

.....that generate w2g's for any quad or better....if you profess to be playing 100% return games????One hand-pay wipes out most-if not all-investments practicing/engaging in Dancerology; searching/traveling to best games.....as I and millions of others have done---for losses long-run....

I merely ask simple questions and point out simple flaws that can cost many dollars for anyone that buys into perfect, profitable strategies for a game that---for all practical intents and purposes--seems to be treated in the same category as card-counting.....

It's called enlightenment.....

Final recap [and final post]:

Full-Pay game      100% [at the moment of royal]
                   <98% [until you hit the royal]
                   -??% [out of pocket beyond last royal]
                   <90% [any taxation]

And I didn't even mention the gray-area 5% of RNG....

Good Luck!!! Only play for serious fun with what you can seriously afford to lose...............

[ukaserex]

The phrase "Drop a brick and run" mean anything?

Occasionally, I'll take $200 and play the $10 VP - only 4 hands!

Some times, I'll hit trips or two pair or a straight. And then get comfy and sit for a while.

Usually, I lose it all quick. But, every now and then, I hit a full house, cash out and eat and go home.

[DAAnMAAn]

I think you have discussed one side of the coin and neglected to talk about the other side of the coin. We will keep it at $10 denomination for simplicity sake.
#1. Taxables. Can write off wins with losses up to the win. Players who keep good records rarely pay taxes off video poker wins. In addition, if it's a profession, can have additional write offs and tax breaks. Admittedly, these wins are considered additional income and can put one in a higher tax bracket. But it's more of a good problem, not a bad one unless you are already on the teetering point with another job and a few jackpots puts u in the next bracket. Happened to me one year, not so fun. Nevertheless, not so horrible, just circumstantial.
#2. Big hits. A big difference hitting aces with kicker for $20,000 dollars than hitting one for, say, $500 bucks. That is, high denomination players are not content with catching mice and rabbits... They want to catch lions and bears. Can't catch those playing quarter games except for the most juiciest progressives (in which, it's a taxable anyway).
#3. Comps, points, cash back. With the high denomination, these are serious benefits which can meet or exceed the issues of tax liability.
#4. Last point is, if a player is bankrolled appropriately, they can and expect to survive the swings of the game and the session(s) of no royals. The argument that a player is already at 98% without a royal is highly theoretical and doesn't take the big picture but only a piece of a picture, which is not the whole complete picture.
Having said all this, I understand your argument and the small piece your flashlight is shining on...but if you turn on the lights and see the whole room sort of speaking, I think you'll find it simply doesn't hold enough weight.
Others may disagree and that's fine.
~Cheers

[FloridaPhil]

[quote=rapidbison]I merely ask simple questions and point out simple flaws that can cost
many dollars for anyone that buys into perfect, profitable strategies
for a game that---for all practical intents and purposes--seems to be
treated in the same category as card-counting.....[/quote]I see the key words in your post as "perfect, profitable strategies".  I'm not sure your "5% RNG gray area" is accurate, but there definitely is some "gamble" or "luck" in any VP strategy.  Some informed sources have said they feel it's worth 10%.  Personally I think it's much more.  No strategy is guaranteed to produce a profit.   If the right number of jackpots don't show up while you play, you lose.  Mathematically the formula of positive+perfect+bankroll+time=profit works.  The question is..  Are you going to play long enough for math to have a positive effect on your results?  When Bob Dancer or anyone else plays using this formula, he/she is gambling that they will.I choose to play primarily at the non-taxable level for many reasons.  My foremost reason is I don't have positive games readily available.  If I did I still wouldn't play big because I don't need big gambling numbers shouting at the IRS on my tax form.  I also doubt I could play 100% perfect long enough to keep from hurting my returns.  Thirdly, I don't need the thrill of a huge win to satisfy me.  I'm doing my taxes right now.  Last year I had 2 W2Gs for $6,000 and that's enough for me.  I had a great year, played a lot of video poker and generally got my money's worth.  That's a win as far as I'm concerned.I definitely see your point that taxes should influence your strategy.   Players that play big in States with local or State gambling taxes are at a big disadvantage, especially if the State won't let you deduct losses against your wins.  It's one thing to say there are positive VP opportunities in Mississippi for example.  It's something else to say they are still positive after the State takes their cut.

[paco13]

Here in NY they tax you no matter where/what State you win/play in. Totally sucks. And in State casino's/racino's anything $600 and up is taxable so even quarter hits are taxed. Really does kill any positive years.

[rapidbison]

And yet you can walk away from a cash game with $10k....and without a paper trail.....

[billryan]

Oh goodie. Another blind leading the blind thread.
Just what this forum needs to attract new folks.

[alpax]

There is a saying which some people here do not get the idea, don't feed the trolls...

[rapidbison]

...,said the trolls.


[last post for this thread]
Good luck and only seriously play with money you can seriously afford to lose.....