Originally Posted by
Dog Hand
2Bornot2B,
If your goal is tax minimization, then here's a simple answer: bet nothing and the tax will be zero.
On the other hand, if your goal is EV maximization, then you need to consider these two factors:
1. Is the tax imposed only on "winnings", or on cash out? For example, if you buy in for $100 and later cash out for $100, are you taxed?
2. Are you also faced with currency exchange costs? These costs are more damaging than the straight tax, because with currency exchange costs you get charged not just on your cash outs but also on your buy ins.
If the answer to #1 is "cash out" or the answer to #2 is "yes", then you will want to minimize your buy ins.
In general, though, the EV-maximizing answer will be the same as for a "regular" game: as long as you have an edge, keep playing.
Hope this helps!
Dog Hand
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