Having a problem submitting on vpFree2, so here's the update.
9/6 JoB has been re-installed, albeit only for quarters
The bank of six machines near the Players Club which were Game Kings is now 25c 9/6 JoB, with a large sign overhead proudly proclaiming "over 99%, (only) $8 earns one point".
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This would only be true if there were no fluctuation. Usually, if not
always, there's a time frame or a limit to the rebate. I wouldn't
want to try to answer bmather's question due to how much the answer
would vary depending on the parameters, but the general formula would
be the chance of losing times the average loss if there's a loss times
the % rebate. The higher the fluctuation of the game, the more
valuable it is and, in percentage terms, the shorter the term, the
more valuable it is. If there's a 10% loss rebate after each hand,
just about any game that pays back 95% or more would be an advantage.
If a million hands have to be played, it might approach your figure of
10% of the disadvantage.
Nathan wrote:
>Wouldn't it be (100% - EV%) x 0.10?
>
>So, if a game has a 95% EV, then a 10% loss rebate would make the new
>EV 95.5%??
>
>On 19 Oct 2011, at 17:14, bmather4440 wrote:
>
>>
>> Generally speaking, how much does a 10% loss rebate (uncapped) add
>> to a VP game?
>>
>> I would imagine it matters a bit the game you're playing, but I'm
>> just trying to get a general idea of what it would add the return,
>> if it's possible to calculate.
The point was missed. When you're audited, you're providing your gaming facts on your log to the auditor. Nothing is more important to them than what you put on that log. The IRS will believe those facts
because they are your word and it is suppose to be truthful. If you choose to lie then you are breaking the law and will be subject to penalties or worse. You can provide all the 3rd party info you want, but inaccuracies and mis-statements or out & out lies by that 3rd party will be of no consequence.
They may also select one or several entries, usually losses, and ask for support on where the money came from in order for you to have experienced the claimed loss. Here's where if you are not being truthful on the log it will start to bite you. If you start saying "I had the cash in the house" but you cannot support the loss entries with commensurate bank withdrawals or give other wishy-washy statements, the IRS can disallow those losses, you can do nothing about it per Tax Court case law precedence, and they can & will go over any and all entries with you in the same way.
Sent from my Verizon Wireless 4GLTE smartphone
----- Reply message -----
From: "Luke Fuller" <kungalooosh@gmail.com>
To: <vpFREE@yahoogroups.com>
Subject: [vpFREE] Info when you cash a ticket
Date: Wed, Oct 19, 2011 2:00 pm
If audits are only about the facts, they won't get them from gambling logs.
Gambling logs do not provide 'facts.' They only provide 'statements.'
On Tue, Oct 18, 2011 at 10:33 PM, rob.singer1111@yahoo.com <
rob.singer1111@yahoo.com> wrote:
> Except when it is you who is being audited. I've been thru multiple audits.
> There's a reason the personal gambling log is the most important document a
> gambler can have. Nothing will or can supersede that log because it is the
> word of the taxpayer.
>
> 3rd party info, such as bank withdrawal & deposit statements relating to
> individual gambling session/trips are good support, but no competent auditor
> could ever rely on a casino win/loss statement when it's impossible to
> determine if the gambler also gambled without a card. You're asking for the
> auditor to assume at that point, and the audits are about only the facts.
> The log provides the needed facts.
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Looking back at my VP library I see that Bob Dancer writes a super article 17 years ago in the Video Poker Times. Oh the good old days when solid info was everywhere, and casino's lumped us VP players with dumb slot players...before frugal was widespread....
"The Rio has fourteen 2nd Chance Progressives machines -- ten for quarters, and four for dollars -- Just outside
Sonny's Deli. With very few changes from standard Jacks-or-Better strategy, these machines frequently offer over 101%
payback, and they can reach 105% or more if the progressive counter is high enough.... etc"
[Non-text portions of this message have been removed]
So, if a game has a 95% EV, then a 10% loss rebate would make the new
EV 95.5%??
On 19 Oct 2011, at 17:14, bmather4440 wrote:
>
> Generally speaking, how much does a 10% loss rebate (uncapped) add
> to a VP game?
>
> I would imagine it matters a bit the game you're playing, but I'm
> just trying to get a general idea of what it would add the return,
> if it's possible to calculate.
>
>
[Non-text portions of this message have been removed]
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Generally speaking, how much does a 10% loss rebate (uncapped) add to a VP game?
I would imagine it matters a bit the game you're playing, but I'm just trying to get a general idea of what it would add the return, if it's possible to calculate.
Jean Scott's Frugal Vegas LVA BLOG - 19 OCT 2011
"A Southern Gambling Trip Report (Part 1) - Planning"
http://jscott.lvablog.com/?p=1634
<a href="http://jscott.lvablog.com/?p=1634">
http://jscott.lvablog.com/?p=1634</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.
*************************************************
Well, the FPDW didn't accrue points...
and like you said, the Suites there are second to none! (OK, maybe to Atlantis, but only the TOP-TOP-TOP-TOP suite at Atlantis)
--- In vpFREE@yahoogroups.com, "mike" <melbedewy1226@...> wrote:
>
> That place has a history of putting in good machines and yanking them just as quickly. They actually had FPDW for a few months earlier this year.
> Beautiful property to stay at though.
>
> --- In vpFREE@yahoogroups.com, "Robert" <merg17@> wrote:
> >
> > I noticed there were no games listed in vpfree2. I was there last weekend. From what I saw every JB in every denomation (5c to $5) is 9/5. Every bonus poker is 7/5 and every double bonus is 9/6/5.
> >
>
Just a couple of small clarifications. iWinpoker no longer exists. The name is now just Winpoker. Secondly, there is a version just for the iPad called WinpokerHD and that is a separate product from the iphone version, although the iphone version will run on the ipad. The only difference I can see is the ipad version has 50 and 100 play, and WinpokerHD runs in all orientations.
TR
--- In vpFREE@yahoogroups.com, Vegasvpplayer <vegasvpplayer@...> wrote:
>
> 1. Which software works on IPhone 4S?
>
> iWinpoker
> > 2. Do any work on first version of ipad 4.3.3?
> >
> iWinpoker
>
> > 3. Does iwinpoker allow changing paytables to analyze games?
> >
>
> Yes
> > 4. Is there any way to buy / install one program on iphone, first version of ipad 4.3.3 and windows 7 laptop or do you have to buy each version?
> >
> >
> iWinpoker is one purchase for iPhone and iPad. Winpoker for your laptop is a separate program.
> >
>
>
> [Non-text portions of this message have been removed]
>
If audits are only about the facts, they won't get them from gambling logs.
Gambling logs do not provide 'facts.' They only provide 'statements.'
On Tue, Oct 18, 2011 at 10:33 PM, rob.singer1111@yahoo.com <
rob.singer1111@yahoo.com> wrote:
> Except when it is you who is being audited. I've been thru multiple audits.
> There's a reason the personal gambling log is the most important document a
> gambler can have. Nothing will or can supersede that log because it is the
> word of the taxpayer.
>
> 3rd party info, such as bank withdrawal & deposit statements relating to
> individual gambling session/trips are good support, but no competent auditor
> could ever rely on a casino win/loss statement when it's impossible to
> determine if the gambler also gambled without a card. You're asking for the
> auditor to assume at that point, and the audits are about only the facts.
> The log provides the needed facts.
[Non-text portions of this message have been removed]
--- On Wed, 10/19/11, Ann Gauvin <ride3843@ride.ri.net> wrote:
From: Ann Gauvin <ride3843@ride.ri.net>
Subject: Re: [vpFREE] xvp: Southwest Pvd to Las sale:
To: vpFREE@yahoogroups.com
Date: Wednesday, October 19, 2011, 5:51 PM
On Oct 18, 2011, at 8:13 PM,Ann wrote:>
Thank you for the tip. we already had our trip for January, charlie
went on the site and re booked it and we saved almost $500. That was
great!! annie
My pleasure, PS: it's like getting 1/2 of a .25 royal for free!! Rod...
[Non-text portions of this message have been removed]
That place has a history of putting in good machines and yanking them just as quickly. They actually had FPDW for a few months earlier this year.
Beautiful property to stay at though.
--- In vpFREE@yahoogroups.com, "Robert" <merg17@...> wrote:
>
> I noticed there were no games listed in vpfree2. I was there last weekend. From what I saw every JB in every denomation (5c to $5) is 9/5. Every bonus poker is 7/5 and every double bonus is 9/6/5.
>
On Oct 18, 2011, at 8:13 PM, Rod wrote:
> Just booked a trip to Las Vegas from Providence for $271.00 tax
> included round trip AM departure and AM return NON STOP....not the
> least expensive flight but a great convenience for me.....I'm not
> leaving until late Jan..hope this might help someone out there!! Rod.
>
Thank you for the tip. we already had our trip for January, charlie
went on the site and re booked it and we saved almost $500. That was
great!! annie
