[vpFREE] Re: Four Queens

On 5 Feb 2008 at 23:47, rossx_98 wrote:

> Hi - Thanks for the tip about calculating the number of hands played
> in an hour, etc. Do you handle 3/5/10 hands the same way?

$1 (3 play) at full coin = $15 per pull

If $1 = 1 point and you have 750 points after one hour,
divide 750 by 15 and you have played 500 base hands.

500 base hands = 1500 total hands.

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[vpFREE] Jean Scott's Frugal Vegas BLOG - 6 FEB 2008

Vegas Locals Casino War Continues

http://tinyurl.com/ysutyz

<a href="http://tinyurl.com/ysutyz">
http://tinyurl.com/ysutyz</a>

************************************************

This link is posted for informational purposes and doesn't
constitute an endorsement or approval of the linked article's
content by vpFREE. Any discussion of the article must be done
in accordance with vpFREE's rules and policies.

************************************************

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[vpFREE] Re: IRS Audit Experience

The Las Vegas-based agent's request (which includes many other items
unrelated to gambling) says:

"Gambling diary with all supporting documentation, such as cancelled
checks, ATM withdrawals, credit card advances, casino markers, race
or keno tickets, and letter from casino stating wins, losses and type
of gambling activities in 2006."

This would appear to me to be boilerplate.

Does anyone have first-hand experience with an audit of these items?

Thanks!

--- In vpFREE@yahoogroups.com, "gamblinggrandma"
<gamblinggrandma@...> wrote:
>
> I am curious why the IRS would ask for a casino win/loss
statement.
> The last I checked..no one is required to use a slot card and
> therefore the casino would not be able to generate a win/loss
> statement. Also, even if you did use one - how is anyone sure that
> the person using the slot card is actually the owner of the slot
> card. Ever leave your slot card in a machine and when you realized
> it - you come back to find someone is playing on the machine with
> your card it in still and they don't even realize it? I have made
> that error a few times especially when rushing off to a dinner
> reservation, etc... The win/loss statement is the one that really
> surprises me. Many Indian casinos will not provide that
> information.
>

> >
> > --- In vpFREE@yahoogroups.com, "gimlet1037" <kenroznoy@> wrote:
> > >
> > > I recently was picked for an IRS compliance audit (Las Vegas
> > office,
> > > 2006, Form 1040). Big honor, huh?
> > > Among the (many) items the agent has asked to see are gambling
> > records, including my gambling diary, W2-G forms, casino win/loss
> > statements, markers, casino checks, etc.

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Re: [vpFREE] Wheel........Of.........Fraud!

I contacted Gaming Control twice on this issue with no
response from them. Obviously they are aware of it
and don't have an issue with it.

Bill
Palms Moderator

--- tralfamidorgooglycrackers
<tralfamidorgooglycrackers@yahoo.com> wrote:

> I saw this game listed on the list from another
> thread of
> the "Greatest Gaming Innovations of All Time". He
> mentioned how the
> game has persisted (outliving hundreds of other slot
> games) because
> it appeals to the slot player's psyche. Well,
> there's one aspect of
> the game that is both a signal aspect of that and a
> salient
> characteristic of casino marketing:
>
> We know that 99% of casino marketing is based on
> fraud and
> deception: make the player think he's getting
> something for nothing;
> make him value something far more than reality
> should suggest;
> misrepresent the true odds against him, the true
> nature of the games
> he's playing, etc. etc. Well, WOF does all these
> things wonderfully,
> simply via the VISUAL LIE of the bonus wheel. You
> see, the wheel is
> divided into a number of "slots" (22, I think) with
> widely varying
> payouts on them, from 25 coins to 1000. Which value
> actually comes
> up is determined, not by the actual spin of the
> wheel, but by the
> RNG of the machine, making the actual "spin" an
> irrelevant sham. The
> RNG is biased extremely heavily toward the lower
> amounts (the two
> lowest values, 25 and 30, come up half the time).
>
> The net effect of this is to make the uninitiated
> gambler THINK that
> he has a 1 in 22 chance of hitting the "1000" slot
> on every spin,
> when in reality, his chances are about one in six
> billion (eight
> billion at Harrah's-owned casinos). Casinos and slot
> manufacturers
> might argue that the gambler is wrong to take the
> visual
> representation of the Wheel of Fortune at face
> value, i.e., as an
> actual spinning wheel. To counter that, I would
> argue that the
> presentation of the wheel, the association of the
> game with the well-
> known game show, and the sound effect of the
> "spinning" "wheel" all
> reinforce that mistaken impression in the gambler's
> mind, and
> therefore crosses the line into deliberate
> misrepresentation of the
> game's characteristics, aka FRAUD.
>
> Of course, I only mention this to agree on WOF's
> being a "great
> gaming innovation". As we all know, casino fraud has
> been perfectly
> legal in Nevada for decades.
>
>

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[vpFREE] Re: IRS Audit Experience

No, I did not file Schedule C. I reported W2G's as income and an
equal amount as losses. I would be interested in first hand IRS
audit experience anyone can share that might be helpful.

Thanks!

--- In vpFREE@yahoogroups.com, "caplatinum" <belairgold@...> wrote:
>
> Did you file a Schedule C as a professional gambler, and how did
you
> define "wins" or another way of asking were your total winnings
less
> than the aggregate of your w2-gs because you did a session tally or
> daily tally of win/losses etc? If you have less winnings reported
> than total w2-gs, did you attach a reconciliation to your gambling
> log?
>
>
>
> --- In vpFREE@yahoogroups.com, "gimlet1037" <kenroznoy@> wrote:
> >
> > I recently was picked for an IRS compliance audit (Las Vegas
> office,
> > 2006, Form 1040). Big honor, huh?
> > ...... Has anyone had actual first-hand IRS
> > audit experience that they are willing to share, here or
> privately?
> > Thanks!
> >
>

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Re: [vpFREE] Re: "Figuring out the Formula" from Bob Dancer's column in CP mag

With all due respect to Bob I say in order to keep under the casino radar
his story was true but the time it happened, where, and other details were
switched around in order to keep his privacy while playing. I've wandered into
high roller rooms to play a little and have seen Bob dressed shabby with his
hair messed up trying not to be noticed. I'd do that too if I were him. Once he
was slouching with his mouth open slapping at the buttons. The dead giveaway
was he had both machines to his right and left locked up with hand pays.

Drain, he's so under the radar terrorists want to give him a warm heavy coat
and a ride to the pet market.

**************Biggest Grammy Award surprises of all time on AOL Music.
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Re: [vpFREE] Re: Best Casino Innovations of All Time

The introduction of 1 to 3 coins on the old One Armed Bandits gave casinos a
greater profit because of ploopies misunderstanding random numbers. The
inovation has advanced to a "Penny" machine costing $22 for max coins. Of course
Video Poker has the less than max coin trick too. And great tomes have been
written about short coin systems, well, shabby tomes.

Keno machines are addicting and with the average player blindly playing one
coin the casino advantage is way above 35%. It's why all over Vegas you see
new casinos with that white stuff covering the steel frames being built from
cash flow.
Drain "The Jokeman" Bramage

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Re: [vpFREE] Re: IRS Audit Experience


In a message dated 2/6/2008 11:31:24 A.M. Pacific Standard Time,
nightoftheiguana2000@yahoo.com writes:

I can't believe that they are all being
> input into some massive IRS database somewhere each year

Think of all the dividend checks put out on any given quarter--interest on
mortgage loans, taxes, this is information is all transferred to the IRS
database nightly. I believe back in the 90's it limited to geographical areas. But
now it is suppose to be an endless net of information.

China

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Re: [vpFREE] Re: IRS Audit Experience

Employers must under penality of law submit a 1099 or W2 to both the payee
and the IRS.
China

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Re: [vpFREE] Re: Gold Coast Mailers - some real information - finally!

No Mumbo Jumbo needed. Just go to the club and ask. They have a chart
that spells it all out. The "C" mailer is 45K for 3 months. it gets
you 4 $20 free play opportunities. It is that simple. I was there on
Wed. 2/6 and that was all it took.

kellykjoe

--- mhoop340_2000 <mhoop@cox.net> wrote:

> --- In vpFREE@yahoogroups.com, misscraps@... wrote:
> >
> > I again spoke to Jen Yee at the Gold Coast and she also was
> confused and had
> > to go to upper management to find out what was going on with the
> mailers.
> > Here is what she said.
> >
> > (and I take back my previous post, obviously! -- the people at the
> GC desk
> > do not know what is going on & I was relying on what they said).
> >
> > She said as of the Feb. mailer, the mailer is based on a 90 day
> total.
> > Either it is based on your coin in, or your theoretical loss, or
> your actual
> > loss, whichever provides the highest mailer.
> >
> > For the B mailer, your 90 day total must be 80000+ coin in,
> theoretical or
> > actual loss would be $3600. For the C mailer the coin in would be
> $45,000+ or
> > theoretical or real loss of $2025.
> >
> > Presumably playing 1 month could still produce some sort of mailer.
> >
> > If the C mailer is equivalent to the old A mailer, you now have to
> increase
> > play from $30,000 over 3 month to $45,000.
> >
> > Ms. Yee said that while she can talk to higher management, the
> best thing is
> > to write to them and express our concerns.
> >
> > Write to:
> >
> > Kerrie Burke
> > VP & General Manager
> > Gold Coast
> > 4000 West Flamingo Rd.,
> > Las Vegas, NV 89103-4088
> >
> > Express the fact that the slight increase in cashback because of
> coin in
> > versus coin out doesn't match the loss of the mailers and how
> important the
> > mailers are to you.
> >
> > Apparently the C mailer gives about $80 in free play, but perhaps
> less food
> > than the old A mailer. The D mailer would give even less free
> play, which
> > you would get if you only put through $10,000.
> >
> >
> >
> > **************Biggest Grammy Award surprises of all time on AOL
> Music.
> > (http://music.aol.com/grammys/pictures/never-won-a-grammy?
> NCID=aolcmp003000000025
> > 48)
> >
> >
> > [Non-text portions of this message have been removed]
>
> Whats the email address. I say we all email all the Boyd scumbags
> and find out the real mailer values. All I've heard is a whole
> bunch of mumbo jumbo!!
>
> Griffin
> >
>
>
>

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Re: [vpFREE] Re: Gold Coast Mailers - some real information - finally!

No mumbo jumbo. The Coast club has it all in writing. All you have to
do is ask one of the people behind the counter. The C mail is 45K for
3 months and gets you 4 $20 free play. They have a chart to look it up
It is as simple as that. I checked it out Wed. 2/6

kellypkjoe

--- mhoop340_2000 <mhoop@cox.net> wrote:

> --- In vpFREE@yahoogroups.com, misscraps@... wrote:
> >
> > I again spoke to Jen Yee at the Gold Coast and she also was
> confused and had
> > to go to upper management to find out what was going on with the
> mailers.
> > Here is what she said.
> >
> > (and I take back my previous post, obviously! -- the people at the
> GC desk
> > do not know what is going on & I was relying on what they said).
> >
> > She said as of the Feb. mailer, the mailer is based on a 90 day
> total.
> > Either it is based on your coin in, or your theoretical loss, or
> your actual
> > loss, whichever provides the highest mailer.
> >
> > For the B mailer, your 90 day total must be 80000+ coin in,
> theoretical or
> > actual loss would be $3600. For the C mailer the coin in would be
> $45,000+ or
> > theoretical or real loss of $2025.
> >
> > Presumably playing 1 month could still produce some sort of mailer.
> >
> > If the C mailer is equivalent to the old A mailer, you now have to
> increase
> > play from $30,000 over 3 month to $45,000.
> >
> > Ms. Yee said that while she can talk to higher management, the
> best thing is
> > to write to them and express our concerns.
> >
> > Write to:
> >
> > Kerrie Burke
> > VP & General Manager
> > Gold Coast
> > 4000 West Flamingo Rd.,
> > Las Vegas, NV 89103-4088
> >
> > Express the fact that the slight increase in cashback because of
> coin in
> > versus coin out doesn't match the loss of the mailers and how
> important the
> > mailers are to you.
> >
> > Apparently the C mailer gives about $80 in free play, but perhaps
> less food
> > than the old A mailer. The D mailer would give even less free
> play, which
> > you would get if you only put through $10,000.
> >
> >
> >
> > **************Biggest Grammy Award surprises of all time on AOL
> Music.
> > (http://music.aol.com/grammys/pictures/never-won-a-grammy?
> NCID=aolcmp003000000025
> > 48)
> >
> >
> > [Non-text portions of this message have been removed]
>
> Whats the email address. I say we all email all the Boyd scumbags
> and find out the real mailer values. All I've heard is a whole
> bunch of mumbo jumbo!!
>
> Griffin
> >
>
>
>

__________________________________________________________
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[vpFREE] Wheel........Of.........Fraud!

I saw this game listed on the list from another thread of
the "Greatest Gaming Innovations of All Time". He mentioned how the
game has persisted (outliving hundreds of other slot games) because
it appeals to the slot player's psyche. Well, there's one aspect of
the game that is both a signal aspect of that and a salient
characteristic of casino marketing:

We know that 99% of casino marketing is based on fraud and
deception: make the player think he's getting something for nothing;
make him value something far more than reality should suggest;
misrepresent the true odds against him, the true nature of the games
he's playing, etc. etc. Well, WOF does all these things wonderfully,
simply via the VISUAL LIE of the bonus wheel. You see, the wheel is
divided into a number of "slots" (22, I think) with widely varying
payouts on them, from 25 coins to 1000. Which value actually comes
up is determined, not by the actual spin of the wheel, but by the
RNG of the machine, making the actual "spin" an irrelevant sham. The
RNG is biased extremely heavily toward the lower amounts (the two
lowest values, 25 and 30, come up half the time).

The net effect of this is to make the uninitiated gambler THINK that
he has a 1 in 22 chance of hitting the "1000" slot on every spin,
when in reality, his chances are about one in six billion (eight
billion at Harrah's-owned casinos). Casinos and slot manufacturers
might argue that the gambler is wrong to take the visual
representation of the Wheel of Fortune at face value, i.e., as an
actual spinning wheel. To counter that, I would argue that the
presentation of the wheel, the association of the game with the well-
known game show, and the sound effect of the "spinning" "wheel" all
reinforce that mistaken impression in the gambler's mind, and
therefore crosses the line into deliberate misrepresentation of the
game's characteristics, aka FRAUD.

Of course, I only mention this to agree on WOF's being a "great
gaming innovation". As we all know, casino fraud has been perfectly
legal in Nevada for decades.

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