"tax free" paytables for $600 w2g's
Posted: Wed Jul 15, 2015 8:07 pm
As one may know, the IRS is proposing lowering the threshold of w2g taxes from $1199 to $600. So I thought of creating some paytables that resemble similar expected returns but negate any w2g taxable winnings assuming one plays single line $1...keep in mind non-taxable paytables have much much lower variance...variance in single digits.
Current Jacks or better with taxable..
Rf 4000
Sf 250
4kind 125
Fh 45
Flush 30
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.54
Proposed tax free paytable
Rf 599
Sf 250
4 kind 130
Fh 50
Flush 30
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.52
Current Bonus poker with taxables
Rf 4000
Sf 250
4 aces 400
4 2/3/4 200
4 kind 125
Fh 40
Flush 25
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.17
Proposed tax free bonus poker
Rf 599
Sf 300
4 aces 400
4 2/3/4 225
4 kind 125
Fh 45
Flush 25
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.20
Current taxable for double double bonus
Rf 4000
Sf 250
Aces w2/3/4 2000
2/3/4 wA/2/3/4 800
4 aces 800
4 2/3/4 400
4 5-K 250
Fh 45
Flush 30
Straight 20
3 pair 15
2 pair 5
Job 5
Expected return %98.9
Variance 41.9
Proposed tax free ddb paytable
Rf 599
Sf 250
4 aces w 2/3/4 599
4 aces 500
2/3/4 w a/2/3/4 500
4 2/3/4 400
4 5-K 275
Fh 50
Flush 35
Straight 25
3 kind 15
2 pair 5
Job 5
Expected return %98.9
Variance 13.5 (lower than current 9/6 job)
I think if casinos make this clever change, we may see a new and different boom in video poker due to the extremely low variance these paytables will produce, but similiar expected returns. Will be interesting how casinos respond to a $600 taxable. This would be a good response imo. What is yours?
~D
Current Jacks or better with taxable..
Rf 4000
Sf 250
4kind 125
Fh 45
Flush 30
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.54
Proposed tax free paytable
Rf 599
Sf 250
4 kind 130
Fh 50
Flush 30
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.52
Current Bonus poker with taxables
Rf 4000
Sf 250
4 aces 400
4 2/3/4 200
4 kind 125
Fh 40
Flush 25
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.17
Proposed tax free bonus poker
Rf 599
Sf 300
4 aces 400
4 2/3/4 225
4 kind 125
Fh 45
Flush 25
Straight 20
3 kind 15
2 pair 10
Job 5
Expected return %99.20
Current taxable for double double bonus
Rf 4000
Sf 250
Aces w2/3/4 2000
2/3/4 wA/2/3/4 800
4 aces 800
4 2/3/4 400
4 5-K 250
Fh 45
Flush 30
Straight 20
3 pair 15
2 pair 5
Job 5
Expected return %98.9
Variance 41.9
Proposed tax free ddb paytable
Rf 599
Sf 250
4 aces w 2/3/4 599
4 aces 500
2/3/4 w a/2/3/4 500
4 2/3/4 400
4 5-K 275
Fh 50
Flush 35
Straight 25
3 kind 15
2 pair 5
Job 5
Expected return %98.9
Variance 13.5 (lower than current 9/6 job)
I think if casinos make this clever change, we may see a new and different boom in video poker due to the extremely low variance these paytables will produce, but similiar expected returns. Will be interesting how casinos respond to a $600 taxable. This would be a good response imo. What is yours?
~D