Re: WSOP: Bubbling better than a weak cash?
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If you bust out as the last person before hte money Harrah's buys you into next year's event for free ($0 profit, break-even expected value) If you cash just barely in the money you get 12.5k. I recently found out that gambling earnings in the US are taxed almost %40, therefore 12.5k is becomes less than break even.
If you have an extreme short-stack near the bubble and you can either check/fold and someone will likely bust before your big blind, or go all in and have a chance ot double and a chance to get a free entry next year. Could it be more +ev to go all in than to wait for the money?
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Gambling winnings aren't all taxed at near 40%. It's only 40% if you're in the that tax bracket. Furthermore, I'm guessing you'd be taxed on the $10,000 buy in from Harrah's also.
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