Did any of you guys stop to think why Gold Coast put in machines like these? Remember that casinos are gamblers too and Gold Coast is taking a shot. Suppose Gold Coast decided to take out the machine(s) when the Royal that hits puts them in the red. They then limit their loss to about $20,000 (more on a dealt Royal). That loss to them is tax deductible. Since this is the beginning of the year the player takes all the loss and is taxed on the win. Do you players realize how risky 10-7 Double Bonus is? In $5 single line 10-7 DB with "perfect play" and 25 million hands played an unlucky player could be down about $300,000 (e=$1,062,500 and sd=$664,450). The casino is hoping that a rich sucker that knows that the game is over 100% but doesn't know how to play will lose millions. Is that a bad gamble for the casino? Maybe - but again their loss is limited to something on the order of $20,000 (tax deductible!). Now realize that a year contains 31,536,000 seconds. Even if the machine were being played around the clock it would take about a decade to reach 25 million hands because of constant money feeding and the fact that every 4 of a kind or better results in a W2G. Gold Coast gets the free recognition of being a "players" casino, giving their players a great game! Everyone wins - except the losers if the game lasts. And to top it off the IRS is the biggest winner of them all.
Sent from my iPhone
Posted by: nordo123@aol.com
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