[vpFREE] Re: How Do You Record Profit/Loss with XP

--- In vpFREE@yahoogroups.com, "dds2124" <dds6@...> wrote:
>
> --- In vpFREE@yahoogroups.com, "George Lee" <glee4ever@> wrote:
> >
> > When casinos give you free play as an example,
> > $100 and you have to put in say $5 to access
> > this extra play and when you cash out you
> > get $110, do you record that you made $105
> > or $5?
>
> I would record as a gain of $105. You started with cash out of
pocket
> of $5, you cashed out for $110, for a net of $105.
>
> Don the Dentist

Makes sense to me.

The Monte Carlo sent me a $250 FreePlay coupon with no stay required
which I cashed in April. I inserted $25 and played at a $5 Jacks
machine only until the FreePlay was depleted. I cashed out for $675
mostly thanks to a four-of-a-kind I got early.

My win was $650, and on my MGM-Mirage win/loss statement for 2007
that's exactly what is listed next to Monte Carlo for the one and
only time I played there last year.

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