Re: [vpFREE] re winning tax fight

 

<< Unfortunately you cannot get anything back from nearby Mississippi,
which
takes 3% out from any W2 Jackpots, even if you are a non-resident or
overall
loser.>>

I think someone who files as a professional might take the "gambling tax"
off their Schedule C as an "expense." I'll let you know after I file my
2011 return!
________________
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

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[vpFREE] Re: Online Poker Apocalypse

 

--- In vpFREE@yahoogroups.com, "maclarenv12" <ahduff@...> wrote:
>
> Ak sar:
>
> I have to respectfully disagree with you on the last point.
> Whether the online funds are still frozen or not; the number of entrants in the 2011 main event will be well above 2500.
>

I'm asking a legit question out of my own ignorance, because I don't follow the poker tournament scene, but aren't a lot of the WSOP entries from online satellites or something?

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RE: [vpFREE] Re: VP in Washington state or Oregon

 


Indian casinos do not have VLTs; they have either Class II gaming or Class III gaming.  Class III gaming is a random deal; Class II gaming is not a random deal and the game is based on the results of a bingo game -- usually you will see a very small card/device on the front of the machine that is a bingo game being played very quickly and that determines your final outcome.

VLTs may be a random deal or a non-random deal; it depends upon the jurisdiction that they are in.  Washington State is not a random deal based upon the information presented.

----------------------------------------
> To: vpFREE@yahoogroups.com
> From: tenplay@mail.com
> Date: Sat, 16 Apr 2011 23:51:59 +0000
> Subject: [vpFREE] Re: VP in Washington state or Oregon
>
>
>
> --- In vpFREE@yahoogroups.com, "kingofkurtopia" wrote:
> >
> >
> >
> > --- In vpFREE@yahoogroups.com, "Tomas" wrote:
> > >
> > > AFAIK, both Washington and Oregon are Video Lottery Terminals.
> > >
> > > http://www.oregonlottery.org/GameInfo/Video/MythsFacts.aspx
> > >
> > > http://www.wsgc.wa.gov/faq/tls_faq.asp
> >
> > The state run machines are VLTs. The machines in the Indian casinos are not.
> >
> > Kurt
> >
>
> So are you saying that the VP machines in Indian casinos (Red Wind, Lucky Eagle and Little Creek) near Olympia, WA, are legit and not VLTs? I don't know if I could tell the difference just looking at them.
>
>
>
>
> ------------------------------------
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
> Yahoo! Groups Links
>
>
>

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[vpFREE] Re: Online Poker Apocalypse

 

Ak sar:

I have to respectfully disagree with you on the last point.
Whether the online funds are still frozen or not; the number of entrants in the 2011 main event will be well above 2500.

--- In vpFREE@yahoogroups.com, "AK-SAR-BEN" <tomskilv@...> wrote:
>
> The World Trade Organization has ruled the US govt. (ie US Republicans led by Frisk, Kyle) have no authority to regulate offshore poker sites, but USA closes them down anyway.
>
> USA govt. contends the offshore sites are doing business in US. Yet at same time, USA govt. treats the players money as an offshore account, and if you have over 10k in it and didnt declare it, you will be in trouble. They want it both ways.
>
> US players monies are frozen for now. Neteller was shut down years ago and after about 6 months players got their money back. If players don't get their money back this time, all hell will break loose.
>
> Harrahs will see their World Series of Poker turnout crumble due to this. Last year over 7200 player paid $10,000 to play the big event. Likely less than 2,500 this year as few online qualifiers and everyones money will be locked up.
>

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[vpFREE] Re: VP in Washington state or Oregon

 



--- In vpFREE@yahoogroups.com, "kingofkurtopia" <kingofkurtopia@...> wrote:
>
>
>
> --- In vpFREE@yahoogroups.com, "Tomas" <perroblanco@> wrote:
> >
> > AFAIK, both Washington and Oregon are Video Lottery Terminals.
> >
> > http://www.oregonlottery.org/GameInfo/Video/MythsFacts.aspx
> >
> > http://www.wsgc.wa.gov/faq/tls_faq.asp
>
> The state run machines are VLTs. The machines in the Indian casinos are not.
>
> Kurt
>

So are you saying that the VP machines in Indian casinos (Red Wind, Lucky Eagle and Little Creek) near Olympia, WA, are legit and not VLTs? I don't know if I could tell the difference just looking at them.

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[vpFREE] Re: Cannery Hates Video Poker Players

 



MaxEV per hand VS. Max Value/Playtime

You know I had no idea anyone had even tried to explain this bizarre phenomenon outside of my book. Thank you for the heads up. I believe the explanation of this topic is better covered in my Book, but of course I took half a chapter to do it.

For those of you that are having trouble following nightoftheiguana's and my mutual back patting match, I recommend reading/re-reading all of Chapter 5 "Is That A calculator in Your Pocket, or are You Just Happy to See Me?" in my book. The main subheadings that cover it are: Zen & The Art of Preserving Play Time, Optimum-Play Number, and Opportunity Cost.

I knew it was a very hard to grasp concept, so I didn't skimp on the verbiage...not that I ever do.

For those of you that don't have a copy and never will, a couple of points.

1. This only applies to progressives
2. The main dynamic causing a strategy alteration to be both correct and wrong at the same time is the loss of playtime.
3. On a non-progressive you are free to hit as many Jackpots as you like during your designated play-time in the course of a day.
4. On a progressive it's great to hit the Jackpot, but as soon as you do, you're out of work (until the progressive gets up again).
5. It's like a temporarily 86ing yourself for hitting the Jackpot.
6. Therefore speeding up the 86ing process has its cost.

~FK

P.S. Here "couple" is defined as "6".

--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote: It's a clash of strategies. MaxEV strategy maximizes the average return of each hand on a hand by hand basis, but Min_Cost_Royal strategy minimizes the average cost of hitting a royal so it extracts the greatest value from each royal progressive jackpot. Steve Jacobs tried to explain this at one time:

http://members.cox.net/vpfree/FAQ_S.htm

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Re: [vpFREE] Re: Online Poker Apocalypse

 

Online cheating has occurred and I am aware of it but I am an adult and therefore I do not need a nanny government. I can choose when, where or how much I played. If I felt anything was wrong, I didn't visit those sites. The governments regulations usually mean little to nothing.

Pat McCauley

On Apr 16, 2011, at 12:34 PM, "Sai Sai" <gofastnismo@yahoo.com> wrote:

> Im not all for the government sticking their noses in everything as well, but there has to be some regulation. There has been so many cheating scandals in the online poker community its ridiculous. It continues to this day whether you want to believe it or not.
>
> --- In vpFREE@yahoogroups.com, "Pat. Mccauley" <kypat@...> wrote:
> >
> > I, personally am tired of the government always in my pocketbook. They already take much more than their fair share and I feel if I want to play a $2 game of online poker after working all day (to pay for their retirement of which I have none) then that is my business and not any of theirs. This is supposedly a free country. It can't be about the gambling because there is plenty of that so it is only about them with their hand out wanting more of our money.
> >
> > Pat McCauley
> >
> > On Apr 16, 2011, at 7:07 AM, "Mickey" <mickeycrimm@...> wrote:
> >
> > > Different story this morning. I just tried to get in a game on Poker Stars. They have suspended real money services to American players. There goes my Pot-Limit Omaha Project.
> > >
> > > Of late, whenever I have a little spare time, I've been studying PLO. My buddy Al has been coaching me and I have Jeff Hwang's book. I started at the bottom on Poker Stars, 1 cent/2 cent PLO. I would play whenever I had a spare hour or so. Thru 15 hours I was up $7.46. An earn of about 25 big blinds per hour. The object was to earn 1000 big blinds then jump up to the 2 cent/5 cent PLO. Then earn 1000 big blinds at that level and jump up to the 5 cent/10 cent, and so on up.
> > >
> > > The way I figure it, if I can't beat the 1 cent/2 cent there is no use going any higher. I'm not in the business of gambling for kicks. I started at the bottom to go thru the learning curve. I intended to creep up the levels, having to earn 1000 big blinds at each level, until I found my level of incompetence, then back off a notch. Then analyze whether the hourly rate is worth my time.
> > >
> > > Oh, well. We'll just have to see what develops
> > >
> > >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>

[Non-text portions of this message have been removed]

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[vpFREE] Re: $2,478.25 royal on .25 progresives!!!!!!!!!!

 

FPDW has a high convenience factor, they are available 24/7 and you can start and stop whenever you want (plus they have an attractive N0 for people who track that statistic). Progressives and Piggy Bank slots are an entirely different animal, more like game hunting. You are tied into the cycles of the game, you have to spend a lot of time scouting, most of the game you spy will not be worth loading a round and you have to develop a sense of when in the future a game you spy may be big enough to try to take down, and when you spot a potential trophy, you have to stop everything else you're doing and try your best to take it down, only stopping when the game is down. Most players don't even see this aspect of the game, the hunt is rarely on and it's often over so quick there's little evidence that it even occured. So it's standard to hear one person say I'm here all the time and I've never seen that jackpot over 1200 while another person says, that's funny, it gets over 4000 on a regular basis. Neither are lying, they are just looking at a situation from different angles. The game probably does get over 4000, just not that often and when it gets there it doesn't stay around for long. When the big game shows up, the big game hunters also show up seemingly out of nowhere, and just like that the game is down. Sometimes a bartender will tell you stories of the hunt.

--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
>
> --- In vpFREE@yahoogroups.com, "seedub49" <seedub49@> wrote: A really long and good post. Truncated by FK
>
> OK...OK...you win hands down. I retract my statement about FPDW being a waste of time for everyone. I completely agree with all the good points you made and appreciate you for cluing me in on why people play such things.
>
> I'm really not close to a "normal" VP player. Sorry if my weird viewpoints on things seem condescending. It's almost impossible for me to see things from your POV unless you explain it in such beautiful detail as you did.
>
> ~FK
>
> P.S. OH and your correction of my German. Haven't used it since age 6.
>

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[vpFREE] Re: Online Poker Apocalypse

 

The World Trade Organization has ruled the US govt. (ie US Republicans led by Frisk, Kyle) have no authority to regulate offshore poker sites, but USA closes them down anyway.

USA govt. contends the offshore sites are doing business in US. Yet at same time, USA govt. treats the players money as an offshore account, and if you have over 10k in it and didnt declare it, you will be in trouble. They want it both ways.

US players monies are frozen for now. Neteller was shut down years ago and after about 6 months players got their money back. If players don't get their money back this time, all hell will break loose.

Harrahs will see their World Series of Poker turnout crumble due to this. Last year over 7200 player paid $10,000 to play the big event. Likely less than 2,500 this year as few online qualifiers and everyones money will be locked up.

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[vpFREE] Re: Online Poker

 

They are on the phone with their attorneys discussing their liability.

--- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@...> wrote:
>
> --- In vpFREE@yahoogroups.com, "Sai Sai" <gofastnismo@> wrote:
> >
> > Yea, I just read about it on Wizard of Vegas. This is going to change how online poker is made legal or if it will be ever.
> >
>
>
> This is huge news. I've been on the phone for an hour with different friends. I TOLD them not to keep so much money on there! I got a good scare when Neteller locked up a few years ago, of course we all got paid. We were lucky.
>
> Anyway, what's going to happen to all these famous players like Chris Ferguson, Howard Lederer, and all them guys who are involved in ownership? I don't think Phil Helmuth is going to like wearing an orange jumpsuit.
>

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[vpFREE] Re: Tomorrow: APR 2011 vpFREE Lunch @ Gold Coast

 

I will be there the people that attend are great.

--- In vpFREE@yahoogroups.com, "vpFREE Administrator" <vpfreeadmin@...> wrote:
>
> Tomorrow: APR 2011 vpFREE Lunch @ Gold Coast
>
> The APR vpFREE lunch is scheduled for Saturday 16 APR at the
> Gold Coast Buffet at 11:30 AM. Meet at the buffet entrance.
> This is an informal, non-hosted, Dutch treat lunch, and
> there's the possibility that no one will show up. Anyone
> planning to attend should post an RSVP on vpFREE for
> coordination purposes.
>
> Anyone who agrees to host/attend a monthly lunch can select
> a different location for that month's lunch, if they notify
> me before the first of the month.
>
> In addition, a vpFREE lunch (or dinner) will be scheduled
> whenever any member volunteers to be a host and posts the
> time and location details on vpFREE. Interested attendees
> should RSVP on vpFREE.
>
> Notes: Gold Coast may require a mandatory tip in advance for
> larger groups who want to sit together. Buffets are usually
> more expensive and lines are usually longer on weekends and
> holidays. Send any pictures to me and I'll post a link to
> them.
>
> vpFREE Administrator
>
>
> Probables / Possibles for 16 APR:
>
> None, so far.
>

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