There are so many side-effects this overlooks. Winning $110 complicates my taxes by more than $5. In fact, once gambling winnings taxes are considered, the first bet will likely have a negative EV!
There are so many side-effects this overlooks. Winning $110 complicates my taxes by more than $5. In fact, once gambling winnings taxes are considered, the first bet will likely have a negative EV!