I bet she got more than a t-shirt and a free buffet.
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From: Jesse Custer clementiyn@yahoo.com>
To: "vpFREE@yahoogroups.com" vpFREE@yahoogroups.com>
Sent: Saturday, February 16, 2013 9:22 AM
Subject: [vpFREE] Re: Irresponsible Journalists - Maureen O'Connor
Been trying to come up with a realistic estimate of coin in. To get $1b in W-2Gs, you have to have had a lot of wins that didn't get one. Even at triple play $25 JoB, you're still only getting one for each time you get a full house plus something else (or dealt flush or straight etc) on a $375 bet.
I have to think that to get $1b in W-2Gs, you have $3-4b in other wins and pushes, plus the losses to match the wins. Say she was playing $100 JoB, and had a dedicated employee sitting next to her writing W-2Gs for every three of a kind and up. 47.3% of her wins still wouldn't hit the threshold. She'd have $1b in W-2G wins and $906m in non-W-2G wins, plus $1.92b in losses (accounting for her net loss).
That comes to $3.497 billion in coin in. And since I doubt she was playing a game where she got a W-2g on a three of a kind, it's more likely she had $6-8 billion in coin in. If she was playing 100-play $1 JoB, she probably would have had $10b or more since very few wins would trigger the W-2G.
What kind of comps do you get for $50 million a month in play?
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