Thread: So Am I A NIt?
View Single Post
  #23  
Old 05-30-2007, 06:27 PM
TStoneMBD TStoneMBD is offline
Senior Member
 
Join Date: Jul 2004
Posts: 11,274
Default Re: So Am I A NIt?

joey thats not entire true. if your bankroll is 10m/year with an annual income of 500k, you should be alot more conservative than if your bankroll is 100k with an annual income of 100k. if you lost a huge portion of your 10m bankroll on a flip, it would take you a very long time to recoup it. there is a huge difference between 5m and 10m, but to most people there isnt as much difference between 10m and 17m. its called utility. with a 100k roll and large income you can be more aggressive.




also david, many americans might not flip for that 7:5 deal because if they win they have to pay taxes on it and if they lose they cant deduct it because theyre not gamblers. i know, huge technicality. why did i bother.
Reply With Quote