--- In vpFREE@yahoogroups.com, "sheiky2" <sheiky2@...> wrote:
>
>
>
>
> Lets look at a few postives.
>
Let's look at the huge negative. Once you are identified as "do not invite" it is permanent. What are you going to play when they pull the 99.7% machines with just 0.3 - 0.6% CB and nothing else?
Lets look at a few postives.
As most casinos have removed their 100 % machines( including the Palms) Red Rock ( Stations ) has increased them in the past few months.
They have increased the amount of points you get for $1 from 1pt to 3 points.
They also have put in machines like NSU, 9-6 Jacks , were there
are no point reductions
They have had double point days the last 3 or 4 weeks ( $1=6 points or $4 equal 6 points on the 100 % machines) on Friday or Saturday.
I realize you can't make everybody happy--but they seem to be trying
>
> That's Stations way of saying "WE LOVE LOCALS", or clueless locals...... Stations, the biggest liars in the Vally.....
> on the flip side, at least they are not 86ing the players....
>
> --- In vpFREE@yahoogroups.com, "the7thwarrior" <Judy@> wrote:
> >
> > Scuttlebutt is... IF you play the 99.8% games (NSU deuces) you get deleted from the monthly mailers. I did not believe it till it happened to me. It is called the "do not inivite" list. I hit no jackpots in over 18 months, have not been winning due to a lack of deuces, and suddenly no more double points, no more nothing!
> >
> >
> > --- In vpFREE@yahoogroups.com, "mickeyska" <mbrown4341@> wrote:
> > >
> > > Has anyone received a monthly flyer from Red Rock for Nov? We normally receive a flyer with some type of room comp and a free buffet or two. The buffet was always an extra bonus if we were going to play there anyway.
> > >
> >
>
The best way to avoid an audit is to go with the simplest return. Report all your W-2Gs and report your losses on Schedule A and you have a very low risk of an audit.
If you try the Schedule C professional gambler return or the session method you will greatly increase your chance of an audit. Even if your return is correct and you use an enrolled agent you may have a long battle with the IRS. If you are not Jean Scott or Rob Singer you may have a very unpleasant experience.
Good Luck with your tax return!
Chris
Regarding the statement:
Next day print summary from the Caesars website.
What am I not "getting" here--what summary and where on the site?
Jean H--
Life is ten percent what you make it
and ninety percent how you take it!
From: MIKE LOONEY <M_R_LOONEY@hotmail.com>
To: vpfree@yahoogroups.com
Sent: Saturday, November 5, 2011 10:29 AM
Subject: RE: [vpFREE] How do you prepare for tax time?
Ted,
When I play at a Caesars casino I do the following:
Record amount in my gambling wallet
Record amount at end of session.
Record machine numbers/games
Next day print summary from the Caesars website.
Record activity on the page - put it in a notebook with all my W2G forms.
If you do not have a diary recording your play you could have an audit problem.
Mike
> To: vpFREE@yahoogroups.com
> From: ted.troccola@gmail.com
> Date: Fri, 4 Nov 2011 15:31:05 +0000
> Subject: [vpFREE] How do you prepare for tax time?
>
> I am wondering what everyone does to prepare themselves for a possible IRS audit.
>
> I keep track of all wins and losses (date and amount).
>
> I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
>
> I have 7 jackpots (WG-2s) for this year.
>
> I have several thousand dollars in losing lottery tickets from this year.
>
> I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
>
> Am I prepared for an audit?
>
> If not, what am I missing?
>
>
>
>
> ------------------------------------
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
> Yahoo! Groups Links
>
>
>
.
[Non-text portions of this message have been removed]
I haven't seen anyone from that thread offer tax return advice, but one certainly can't go wrong having a professional prepare them. My returns have never been on the simple side, but I've never used anyone to prepare them because I've always believed that in an audit, no one is better qualified to discuss your situation than you. And it has proven to be quite an advantage.
Sent from my Verizon Wireless 4GLTE smartphone
----- Reply message -----
From: "tikithecat73lakeworth" <fjc73@cox.net>
To: <vpFREE@yahoogroups.com>
Subject: [vpFREE] Re: How do you prepare for tax time?
Date: Sat, Nov 5, 2011 12:22 pm
Our taxes are prepared by an enrolled agent who is experienced with preparing returns for gamblers. We take our advice from him. It is well worth the cost, which was less than we thought it would be.
If you are reading the thread "Always play full coin," well,do you really want to take tax advice from some of these folks?
>
>
> > To: vpFREE@yahoogroups.com
> > From: ted.troccola@...
> > Date: Fri, 4 Nov 2011 15:31:05 +0000
> > Subject: [vpFREE] How do you prepare for tax time?
> >
> > I am wondering what everyone does to prepare themselves for a possible IRS audit.
> >
> > I keep track of all wins and losses (date and amount).
> >
> > I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
> >
> > I have 7 jackpots (WG-2s) for this year.
> >
> > I have several thousand dollars in losing lottery tickets from this year.
> >
> > I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
> >
> > Am I prepared for an audit?
> >
> > If not, what am I missing?
> >
> >
> >
> >
> > ------------------------------------
> >
> > vpFREE Links: http://members.cox.net/vpfree/Links.htm
> >
> > Yahoo! Groups Links
> >
> >
> >
>
>
> [Non-text portions of this message have been removed]
>
[Non-text portions of this message have been removed]
Anyone have any insight into the "value" of Venetian/Palazzo Grazie Gift Points this time around?
Trying to figure out if it's worth the trip ...
Our taxes are prepared by an enrolled agent who is experienced with preparing returns for gamblers. We take our advice from him. It is well worth the cost, which was less than we thought it would be.
If you are reading the thread "Always play full coin," well,do you really want to take tax advice from some of these folks?
>
>
> > To: vpFREE@yahoogroups.com
> > From: ted.troccola@...
> > Date: Fri, 4 Nov 2011 15:31:05 +0000
> > Subject: [vpFREE] How do you prepare for tax time?
> >
> > I am wondering what everyone does to prepare themselves for a possible IRS audit.
> >
> > I keep track of all wins and losses (date and amount).
> >
> > I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
> >
> > I have 7 jackpots (WG-2s) for this year.
> >
> > I have several thousand dollars in losing lottery tickets from this year.
> >
> > I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
> >
> > Am I prepared for an audit?
> >
> > If not, what am I missing?
> >
> >
> >
> >
> > ------------------------------------
> >
> > vpFREE Links: http://members.cox.net/vpfree/Links.htm
> >
> > Yahoo! Groups Links
> >
> >
> >
>
>
> [Non-text portions of this message have been removed]
>
That's Stations way of saying "WE LOVE LOCALS", or clueless locals...... Stations, the biggest liars in the Vally.....
on the flip side, at least they are not 86ing the players....
--- In vpFREE@yahoogroups.com, "the7thwarrior" <Judy@...> wrote:
>
> Scuttlebutt is... IF you play the 99.8% games (NSU deuces) you get deleted from the monthly mailers. I did not believe it till it happened to me. It is called the "do not inivite" list. I hit no jackpots in over 18 months, have not been winning due to a lack of deuces, and suddenly no more double points, no more nothing!
>
>
> --- In vpFREE@yahoogroups.com, "mickeyska" <mbrown4341@> wrote:
> >
> > Has anyone received a monthly flyer from Red Rock for Nov? We normally receive a flyer with some type of room comp and a free buffet or two. The buffet was always an extra bonus if we were going to play there anyway.
> >
>
Scuttlebutt is... IF you play the 99.8% games (NSU deuces) you get deleted from the monthly mailers. I did not believe it till it happened to me. It is called the "do not inivite" list. I hit no jackpots in over 18 months, have not been winning due to a lack of deuces, and suddenly no more double points, no more nothing!
--- In vpFREE@yahoogroups.com, "mickeyska" <mbrown4341@...> wrote:
>
> Has anyone received a monthly flyer from Red Rock for Nov? We normally receive a flyer with some type of room comp and a free buffet or two. The buffet was always an extra bonus if we were going to play there anyway.
>
Ted,
When I play at a Caesars casino I do the following:
Record amount in my gambling wallet
Record amount at end of session.
Record machine numbers/games
Next day print summary from the Caesars website.
Record activity on the page - put it in a notebook with all my W2G forms.
If you do not have a diary recording your play you could have an audit problem.
Mike
> To: vpFREE@yahoogroups.com
> From: ted.troccola@gmail.com
> Date: Fri, 4 Nov 2011 15:31:05 +0000
> Subject: [vpFREE] How do you prepare for tax time?
>
> I am wondering what everyone does to prepare themselves for a possible IRS audit.
>
> I keep track of all wins and losses (date and amount).
>
> I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
>
> I have 7 jackpots (WG-2s) for this year.
>
> I have several thousand dollars in losing lottery tickets from this year.
>
> I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
>
> Am I prepared for an audit?
>
> If not, what am I missing?
>
>
>
>
> ------------------------------------
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
> Yahoo! Groups Links
>
>
>
[Non-text portions of this message have been removed]
marccarfi wrote:
> Using my (arbitrary)definition of Hot and Cold streaks; Let's say I
> just had 5 wins in a row then I lose 1 and drop to 1 coin.Now let's
> say the next 10 hands are losers,I'll save 4 coins per hand.If I just
> slow down my play and play 5 coin,I'll lose 5 coins per hand only
> more slowly.So I don't see how that's the same thing.
Hope John doesn't mind if I butt in here ;) ...
The "same thing" is that both methods are a means by which to end up wagering less in any given trip, and therefore moderating your loss exposure ... which I perceive is the exact benefit from your play style that appeals to you.
On the surface, things point strongly to you not having the "psychological bankroll" for 5-coin play of your game. Don't get me wrong ... sometimes I put myself in exactly that same boat. Truth is, with 5-coin play of even a "gentle" game such as JB, it's not difficult to find yourself down by half a royal within a day or two of play ... and my gut sometimes kicks in with a sense that it's near impossible that I'll recover from that anytime soon, much less wonder when the losing will stop.
It takes a firm conviction in the math of a "winning game" (which I'll define as play circumstances giving AT LEAST a .5%-1% advantage) to play through the more dour sessions with any level of comfort and satisfaction. Experience tends to ultimately be the best source of that conviction. (Of course, if you're not playing at an advantage, then your play style is a thoroughly rational means by which to draw play satisfaction ... but it would be even more "rational" to seek an advantage out.)
So, I'll step off the soap box and simply note that you strike me as quite an intelligent and reasonable player. Given that, in time I'm sure you'll eventually "drink the kool-aid" and catch on ;)
- H.
Marc, with all sincerity, I call your tactics (your's is not a strategy but tactics) "voodoo gambling." You're sticking a pin in it. The problem with the hot and cold streaks you see is they are all in the past and have no bearing on the future.
If you had the patience to sit down at the kitchen table with a deck of cards, shuffling and dealing out five cards, then replacing up to five cards, using 9/6 strategy, recording the results, and you do it long enough....you will see the same hot and cold streaks. It's intrinsic to the game. But how could you exploit those streaks to get better results? You can't because the streaks are all in the past and have no bearing on the future. It's the same thing on that "machine" you are playing.
