Exactly. That's why no part of this story makes the least bit of sense
and no journalist worthy of that description has even bothered to ask
the basic three or four questions. It's like those other stories about
the dice sliding and the fixed baccarat deck. Just too many holes.
On 2/19/2013 4:46 PM, Steve Norden wrote:
>
>
> for 50 million coin in per month she should own the casino.
>
> -----Original Message-----
> From: Jesse Custer clementiyn@yahoo.com >
> To: vpFREE vpFREE@yahoogroups.com >
> Sent: Sat, Feb 16, 2013 11:22 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?
>
>
>
> [Non-text portions of this message have been removed]
>
>
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