Someone proposed to me that he would bet me TC+4 insuring is a losing play. I don't understand the math myself, but I trust in the thousand time re-posted statements of countless people and forums of TC-3. Thus here is his proposition:

52 card deck:

Constants: Ace for himself and 2 neutral cards for my hand.
He will remove 2 non-faced cards from the deck. (so technically slightly higher than TC-4)

Then he will shuffle the deck and draw one card for me for insurance, and repeat this however long I want. I can bet up to $100. Is this a super EV proposition? Should I hop on this right away? Is it worth it to put in the time? Or am I only making chump change like $5/hr?