Why not set the Royal flush to the after taxes value, instead of zero? That makes much more sense.
Can't deduct winnings against losses, IS it true??
johnny wrote: "Why not set the Royal flush to the after taxes value, instead of zero? That makes much more sense. "
Sure, if you know in advance what it is going to be. It’s hard to estimate the effect of W2G’s on marketing offers and it’s hard to estimate the number and total of W2G’s you will get in a given year to estimate the AGI effect on other benefits and it’s hard to estimate total tax issues before the year is even over and before you have filed, and so on. So, to be on the safe side, just assume the royal has zero value, at least that way you will be optimizing the return of the other hands. The “other hands” are 98% or so of the return, so optimizing them is probably a good place to start, maybe do some fine tuning later when you get better data.