Re: [vpFREE] Need Polite Reply-contest

 

Here goes nothing.
 
The customer has the ability to walk out of the casino at any time. He can walk out a winner or a loser. The thing with winning or losing at specific points in time is that the state of winning or losing is transient and can change from moment to moment.
 
One could leave the casino after losing a dollar or winning a dollar. How do you decide when you have won enough or lost enough.
 
In my opinion there are two types of casino players.
 
The long term player does not worry about transient results. He looks at all playing as one long continuous session. If he has the edge he keeps playing until he is ready to quit, usually at some predetermined point, such as I want to earn x points today or I am leaving at a specific time. Winning or losing is not really relevant. This player looks strictly at the long term.
 
The short term or casual player is different. He looks at gambling merely as another form of entertainment and does not spend as much time in a casino.
If you are the kind of player that goes into the casino rarely and with a fixed budget, then if you get lucky and make a big score, it is reasonable to say to yourself I am going to lock up some profit and walk out of here as a winner.
 
So it comes down to what type of player you are. The hosts of this radio program come into the first category, and they sometimes have a difficulty understanding those in the second category.   
 
The point about how do you expect to come out ahead is answered by the standard response of find the best games, learn them as well as you can, and don't play in any situation where you don't have the edge.
 
To the above standard answer I would add the following point. When determining what kind of a situation you have to play in, you should evaluate all things.
In other words I don't believe that for the non-professional gambler that you should
only look at the money (picture me being bitch slapped by the radio hosts).
 
Look at the whole package being given to you by the casino and evaluate everything to decide if you have a good situation.Look at food comps, entertainment, rooms, treatment,
and all the other extras. Assign them all a value and add that to your game return, plus cash back and bounce back cash to ascertain the real value of the situation.  

Regards

A.P.

--- On Sun, 5/15/11, Frank <frank@progressivevp.com> wrote:

From: Frank <frank@progressivevp.com>
Subject: [vpFREE] Need Polite Reply-contest
To: vpFREE@yahoogroups.com
Date: Sunday, May 15, 2011, 11:50 PM

 

I have Bob Marley tickets for next Saturday at the Playboy Comedy Club for the first person that can help me with this Listener question. I don't know how to answer it politely.

I have cleaned up the grammar and spelling.
_________________________
From anonymous: I think one of the biggest advantages we have over casinos is the ability to walk out when we are losing. If you don't leave when you are losing, how can you expect to come out ahead?

Yata yata yata...(about a paragraph truncated...don't worry you're not missing anything)

I think you should only stay in a casino when you are winning.
___________________________

First person with a usable on-air reply wins the tickets and more importantly my thanks. I afraid to touch this with a ten foot pole. Please be kind.

~FK

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[vpFREE] Re: Need Polite Reply-contest

 

--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
> From anonymous: I think one of the biggest advantages we have over casinos is the ability to walk out when we are losing. If you don't leave when you are losing, how can you expect to come out ahead?

One of the biggest advantages gamblers have over casinos is that they will trespass us when we are winning. When you are forced to leave when you are winning, you have by definition come out ahead. In fact, if your personal bankroll is greater than the casino win tolerance, you have an edge even over a breakeven game (your edge is roughly proportional to the ratio of your bankroll to the casino trespass limit).

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Re: [vpFREE] Need Polite Reply-contest

 

Either explain how hands of video poker, whether on the same machine or not, depend on each other or correct your tense, anonymous, (expletive deleted). If hands are independent, there's no such thing as "are losing," but only "have lost." The last hand is in the same category as a hand 20 years ago. They're both irrelevant to the next hand. But in a way, you're right. Being able to leave is an advantage that the casino, if it's taking the worst of it, doesn't have. But it has nothing to do with how any machine "is running." (Another expletive deleted so I can win the contest)

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> _________________________

> From anonymous: I think one of the biggest advantages we have over casinos is the ability to walk out when we are losing. If you don't leave when you are losing, how can you expect to come out ahead?

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> Yata yata yata...(about a paragraph truncated...don't worry you're not missing anything)

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> I think you should only stay in a casino when you are winning.

> ___________________________

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> First person with a usable on-air reply wins the tickets and more importantly my thanks. I afraid to touch this with a ten foot pole. Please be kind.

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> ~FK

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[vpFREE] Beware Gold Coast Multipliers

 

Recently, Gold Coast put up signage that point multipliers would be limited to the first 100,000 base points earned in a day. This wording is also included in their official promotion literature at the slot club. This weekend I got a special mailed offer for 5X points. Since I am an Emerald member, I already get 3X points every day anyway so the offer adds 2X additional points for me. I noticed when playing that the extra points from the offer stopped accumulating after I had earned only 50,000 base points. It would appear that multipliers are capped at 100K BONUS POINTS in a day (like Silverton), not 100K base points as posted.

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[vpFREE] Need Polite Reply-contest

 

I have Bob Marley tickets for next Saturday at the Playboy Comedy Club for the first person that can help me with this Listener question. I don't know how to answer it politely.

I have cleaned up the grammar and spelling.
_________________________
From anonymous: I think one of the biggest advantages we have over casinos is the ability to walk out when we are losing. If you don't leave when you are losing, how can you expect to come out ahead?

Yata yata yata...(about a paragraph truncated...don't worry you're not missing anything)

I think you should only stay in a casino when you are winning.
___________________________

First person with a usable on-air reply wins the tickets and more importantly my thanks. I afraid to touch this with a ten foot pole. Please be kind.

~FK

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[vpFREE] Re: Best place to grind seven stars?

 

Harrah's New Orleans has NSUD.
Also, witholding of state tax and it's sort of Napoleanic law attitude; so you are guilty until proven innocent.

Multiplier days for increased bonus reward credits helps E.V. a bit.

I haven't heard of any base credit multipliers for awhile.

At the top of the bell curve your loss will be ~$2K as long as you get most of the state tax back and alcohol is not involved.

Who's dat?

--- In vpFREE@yahoogroups.com, "TedZ" <alienantfarm82@...> wrote:
>
> What is the 'best' casino in the country to grind out Caesars Seven Stars ($1,000,000 coin-in I think unless somewhere you get a bonus)? Right now I have no history with any casino outside of vegas, so I have not gotten any bonus point offers or anything like that.
>
> I see on vpfree that Horseshoe Hammond has some amazing games like 50 line $1 Deuces Wild 44 which has 99.96% payout. That could get me there in no time with way less variance than higher coin machines. But I heard that they withhold taxes on large payouts that you can't get back even though I would likely have no net win when I do my taxes. Is this true even for out of state residents?
>
> The only other good machines I see are some at Tunica Roadhouse Casino And Hotel, the best being a 99.92% $5 machine. That would require 40,000 hands to get to Seven Star but that's pretty manageable over a long week. But I hear they are closed because of flooding and who knows when they will open again and if the profitable machines will still be there.
>
> Other than that my only option to do it without giving up many thousands in theo is some bonus point day at a casino offering 99.5% machines. Given that I have no history with any, who would be the most likely to give me such incentives?
>

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[vpFREE] Re: vpFree2 mobile vs standard version

 

--- In vpFREE@yahoogroups.com, "vegasvpplayer" <vegasvpplayer@...> wrote:
>
> I noticed if I look up Whiskey Pete's in the standard
> web format that it lists "no good games". If I look
> up the same casino in the mobile format, it shows they
> have 8/5 Bonus Poker in a couple of platforms. FWIW,
> I was unable to locate any 8/5 BP and find the "no
> good games" to be accurate. I thought the two
> versions differed only in format, not content.
> Thoughts?

My thought is that you have discovered a bug.

It sounds like any casino whose status is either "Nothing Good" or "Closed" has its games (correctly) hidden from view in the standard version of vpFREE2. But those games are still being shown (erroneously) in the mobile version.

I'm copying vpFREE2 administration on this so they can look into it.

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[vpFREE] Re: Best place to grind seven stars?

 

Some qualifications based on my knowledge; first of all, in case I'm wrong, my experience has been that I can call a casino host and get such information, or if they don't know, they will call me back with the answers, telling you the VP coin-in you need to get each kind of benefit, just be sure to be clear what you will be playing and what kind of information you want so you don't go thru multiple calls to get the full set of answers.

Incidentally, this is better than I've gotten at some places. In one such place the extreme was, a host has told me "it depends on what you play, how much you play" and a bunch of other factors -- and when I told them I play video poker $1 Jacks or Better at 400 to 600 hands per hour for four hours a day, and even told them the range of coin-in that this calculated out to be, they still couldn't (translate, wouldn't, I assume) tell me what I needed to get comps, how many points my card would show, what those points were worth, etc. Basically it was "just go play and we'll let you know later if we like your action".

To my knowledge, no cashback at Horseshoe Hammond; BUT you can redeem Total Rewards points at $1 for each $2 worth of purchasing power (ie, if you had enought for $100 of food, you can get $50 cash instead).

Also, they have NO hotel, so can't comp you at THEIR hotel. A host has told me they get a discount at a "nearby" (10-15 minutes, no shuttle) hotel and you can pay thru Harrahs with TR points; I can't remember what the discount was, or whether you had to use TR points like you would for a comp, or like you would if you cashed them (ie, whether you had to use twice as many to pay for the discounted room). Having said this, last week a friend called me to tell me he'd received a flyer and called a host and they comp'ed him a room at the hotel. He does give them more VP action than I do, at least more recently - but needless to say, I plan to call again and see if they've change their tune.

Again, best source of into is probably a casino slot host; if they give you a run-around (which has NOT been my experience there, but things change), I'd suggest asking to speak to a slot manager or someone who CAN answer the questions. If no one seems to be able to answer them, I'd ask for the casino manager, explain the level of action you're planning to play, and the importance of this information in your decision of where to bring that action. That series of "procedures" is usually enough for me to get information from even the most intractable casinos, and if they still don't want to tell me, I'm not interested in playing there.

--BG
================

> 1a. Re: Best place to grind seven stars?
>
> #1 Your thinking about base/bonus/RC's/tier score is
> correct.
>
> #2 Someone who is currently playing at Horseshoe Hammond
> can probably answer this. I think they have some sort of
> cashback program but I don't know the details.
>
> #3 No, you don't get extra bonus points just for being at a
> certain tier unless they have a specific promo going on.
>
> #4 Yes, you can use your Reward Credits for shows, meals,
> rooms and just about everything else they offer.
>
> >
> > And I had some questions about rewards credits. 
> I'm confused about base vs. bonus, how you earn each, and
> what is good for cash back vs. what you get for comps.
> >
> > 1. I played in the poker room in vegas and they gave
> us $1 comp dollar per hour, but it was 30 base credits (ie
> tier score) and 70 bonus credits for a combined 100 rewards
> credit.  My understanding is that base credits and
> bonus credits spend exactly the same, but only base counts
> towards tiers of the program.  So I get to spend 100
> credits, but I don't consume base credits they are just a
> running tally on my tier score.  Is that accurate?
> >
> > 2. On VPFree I see "CB or BBC: 450 Reward Credits =
> $1, Earned Comps: 100 Reward Credits = $1, Cashback AND
> Comps" listed for Horseshoe Hammond.  I don't really
> understand what that means.  Let's say I wagered $4500
> on VP there.  I should earn 450 base credits which
> equal $4.50 comp dollars AND $1 in cash back?
> >
> > 3. Absent any point multiplier promotions do you
> normally get extra bonus points just for being a certain
> tier in the rewards program?  Like in poker we got 30
> base + 70 bonus per hour, is there a similar thing in VP
> that is accessible 365 days a year?
> >
> > 4. It sounds like if I do the full 100,000 for 7star I
> will get at least 1,000 comp dollars (and possibly several
> times this depending on how point multipliers work). 
> Can I use these on a 1-1 ratio to pay for rooms and meals
> and caesars properties?  What types of other things
> could I spend them on?  Do they work for shows?
>

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[vpFREE] Re: State Tax withholdings - casual vs pro gambler?

 

10. State Tax withholdings - casual vs pro gambler?
>
> I have read some sources that say getting withholdings back
> from states like Indiana is difficult and nearly impossible
> for a casual gambler. I am confused by this because the
> losses are itemized on sch A for a casual gambler while sch
> C is used by a professional one and the fed reutrn is the
> basis for determining net taxable gains on gambling.
>
> So, can anyone help me understand why there may be a much
> harder time for a casual gambler to get state gambling
> withholdings refunded? What am I missing? Would like to know
> before I set up a trip outside NV.
>

I am not a tax expert, and am probably wrong, but that has never kept me from sharing my understanding of something with others, even if it is in complete error; this post may prove my point :)

I don't know the details, and don't know the difference, if any, of pro vs non-pro, but my understanding is that Indiana's income tax is essentially a gross income tax, and that most (all) federal deductions are not applicable -- so all these "schedules" you mention for federal returns are not "in play" for the state tax (and I don't know for sure about other states, but I think that most states have their own forms and don't care about federal tax forms).

I believe there are many states that tax gross gambling winnings and do not allow them to be offset by gambling losses -- this, of course, makes it even more important how you document / record your "sessions". Such states may or may not have reciprocal agreements with some or all other states over the implications of taxing a non-resident. Pretty obviously, if you pay a gross income tax on gambling winnings, even if you "cheat" and only report W2G gambling income (which will look pretty suspicious), you will find virtually no VP opportunities with net after-tax positive expectation, unless you play single-line quarters with no potential for a W2G payout (doesn't sound like that's what you have in mind as a strategy to achieve 7*).

Consult your accountant for advice, with a suggestion that he/she not research it personally, but that he/she consult (either on your behalf at a fee, or via some publication) the opinion and knowledge of an expert in gambling income/loss tax treatment (ie, the "regular" accountants usually do not know the in's and out's of gambling tax laws in general, and certainly not on a state-by-state basis).

Having said all this, someone else probably knows more about it than me, and may even be correct in their knowledge. But generally speaking, getting tax information from people who are not tax experts is not a sound strategy for getting correct information :)

--BG
====================

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[vpFREE] Re: Getting Banned from Rampart Casino

 

--- In vpFREE@yahoogroups.com, "staninnv" <arnot@...> wrote:
>

>
> Perhaps the slot director reads VPFree? Posting ten pictures of jackpots totaling more than $213,000 just isn't wise? The suits are lying when they say "congratulations". They're really pissed off that you had the audacity to take their money. They just don't realize that you can lose a shit load of cash just as fast as those dealt jackpots came.
>

I didn't realize until you posted this that Dan was the one with all those pictures. Yeah, I saw those pictures the other day. But wtf? The casino puts in those high limit games, and then acts like this when someone gets lucky? Benny Binion would laugh at what a bunch of pansies they are.

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[vpFREE] Re: Getting Banned from Rampart Casino

 

Im pretty sure a couple of those photos were taken at South Point. The attendant card doesn't say Rampart on it.

--- In vpFREE@yahoogroups.com, "staninnv" <arnot@...> wrote:
>
>
>
> --- In vpFREE@yahoogroups.com, "dan" <trumpbc@> wrote:
> >
> After a couple of months of playing video poker at Rampart Casino, I was approached by two security guards and was told the owners no longer wanted my business and I had to leave immediately.So, if you play at Rampart (and our fortunate enough to get a good winning streak), don't be surprised if you suddenly find two security guards escorting you out of the building.
> ==========================================
>
> Perhaps the slot director reads VPFree? Posting ten pictures of jackpots totaling more than $213,000 just isn't wise? The suits are lying when they say "congratulations". They're really pissed off that you had the audacity to take their money. They just don't realize that you can lose a shit load of cash just as fast as those dealt jackpots came.
>

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[vpFREE] Re: Getting Banned from Rampart Casino

 



--- In vpFREE@yahoogroups.com, "dan" <trumpbc@...> wrote:
>
After a couple of months of playing video poker at Rampart Casino, I was approached by two security guards and was told the owners no longer wanted my business and I had to leave immediately.So, if you play at Rampart (and our fortunate enough to get a good winning streak), don't be surprised if you suddenly find two security guards escorting you out of the building.
==========================================

Perhaps the slot director reads VPFree? Posting ten pictures of jackpots totaling more than $213,000 just isn't wise? The suits are lying when they say "congratulations". They're really pissed off that you had the audacity to take their money. They just don't realize that you can lose a shit load of cash just as fast as those dealt jackpots came.

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[vpFREE] Scot Krause's VEGAS VALUES - 15 MAY 2011

 

Scot Krause's VEGAS VALUES - 15 MAY 2011

http://www.americancasinoguide.com/vegas-values/may-15-2011-vegas-values-report.html

or

http://tinyurl.com/3kh7kcn

<a href="http://tinyurl.com/3kh7kcn">
http://tinyurl.com/3kh7kcn</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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