Weekend Entertainment will be pushed to tomorrow for this very important announcement.
A HIGH PERCENTAGE OF SLOTS PLAYERS are quirky, crazy and/or just plain NUTS!!!
Recently, I visited a local casino - 2x points, COOL!
In the short time I was there, the crazy quirks of slot players were all around me - so distracting, amazingly entertaining, and incredibly ANNOYING! Here are a few of the varios slot players that we find around us at any given casino visit:
#1 The Slapper - "yes!," I said to myself. "Hit it harder show it you mean bussiness! Maybe you can dislocate your finger or break the machine in the process!" SO ANNOYING!
#2 The Pre-Melodic Player - This is the person who hits all the "#of lines" buttons, composing the beautiful sounds of the slot symphony, before they push the bet button. "ding, doing, donk, ping, pang, etc....." are some the sounds - I know you've heard it before. Sometimes well composed like that annoying song on the radio played over and over and over. Other times, they mix it up - you know to fake out the machine as they improvise the melody. PLEASE STOP! IT DOES NOTHING except to be SO ANNOYING!
#3 The Bitter "Just my luck" Player - Oh yes, you know the kind. They play the machine on your right, lose quickly, move to the machine to your left while somebody else takes their previous seat on your right. The new person on your right hits the bonus immediately. Uh-oh, here it comes....... The person on your left says to you quietly, so the person on your right does really hear (as if I Care!) "I just left that machine - so typical, NOW it gets hot - I hate this place!" blah, blah, blah - get over it! I'M NOT INTERESTED IN YOUR SOURPUSS ATTITUDE! IF YOU'RE UNHAPPY - LEAVE! YOU KNOW WHY? - BECAUSE YOU'RE SO ANNOYING!
Finally
#4 - The Card Switcher - It is inevitable to sit next to someone who has to switch their players card if they git a winning streak or losing steak. In and out, in and out. WHY? The machine doesn't care, it doesn't know the difference - IT'S A MACHINE!!! You can't fake it out - IT DOESN'T HAVE A BRAIN - IT DOESN'T HAVE AN OPINION - IT'S A MACHINE!!!! And to everyone else, IT'S JUST SO ANNOYING!!!!
Now, take a deep breath close your eyes and repeat after me.....
"I Have no control over the RNG, "I Have no control over the RNG, "I Have no control over the RNG, "I Have no control over the RNG..........
There, now doesn't that feel better?
That's all for now.
Binbin
Showing posts with label Rewards Clubs. Show all posts
Showing posts with label Rewards Clubs. Show all posts
Wednesday, 13 March 2013
Monday, 11 March 2013
Taxes - A Quick Gambler's Guide - Part 1
Wow! a Jackpot! Now What...
How many times have you finally hit that rare jackpot over $1200, your machine has locked up and here comes casino staff - much quicker than that 15-minute ago drink order.
"Congratulations!", as they make the usual check for any machine malfunction or possible shenanigans on your part - to be expected, of course. The you are asked the famous question "would you like taxes taken out now, or will you be taking it out later?
What's a person to do? You're excited, nervous (unless this thing happens to you all the time like me.....lol), and have to make this decision, usually without a lot of experience in this area.
Well, I am going to try to look into what the experts say about gambling & taxes. Today we look at the question of "tax me now, or tax me later?"
A personal true story that stopped me from ever considering getting taxes taken out instantly:
I was playing Triple Play Video Poker at the Palms in Las Vegas. Playing full-pay Bonus Poker I was dealt 10-J-Q-K of spades. Triple play, if you haven't played it, is a VP game where you play three hands based on the deal of the bottom hand. Most Video Poker paytables jackpot of a Royal Flush is 4000 credits, and at the $.25 level, that's under the taxable amount of anything over $1999. Well, I was extremely luck??? - I drew an A of spades at the top hand and a Straight Flush 9 of spades draw on the bottom for a total of 5000 credits - yeah! Oh wait a minute - that's $1250!
I took the taxes immediately because I didn't know any better and was handed a little over $900. I know I should be grateful, but on that extra $ 300 I could have played single VP all day - enough for comps, and future offers. THAT WAS THE LAST TIME I TOOK TAXES OT IMMEDIATELY!
IRS Reporting
All casino winnings are subject to federal taxes however the IRS only requires the casinos to report any wins over $1,200 on slot and video poker machines or other games such as keno, lottery or hose racing. When you have a win equal to or greater than $1200, you will be issued a W-2G form. This form lists your name, address and social security number. The casinos are not required to take out withholding tax on jackpots under $5,000 as long you supply your social security number. If you don’t provide your social security number the casinos will withhold 28 percent on smaller jackpots.
You can request a specific amount of withholding tax to be taken out on any jackpot you win. Some players like to do this to avoid a big tax payment in April when the file their income tax returns. The additional withholding may not be necessary if you keep a log book. The law allows you to deduct gambling loses up to the amount of your winnings. You can only do this if you have documentation of your losses. Keeping a diary or logbook, is the way to do this.
However if you gamble at a specific casino, you should ask for a win/loss statement that the casino will provide to show the losses that offset your jackpot. Personally, I am able to gamble enough locally and once per year in Las Vegas to get whatever win/loss statements from different casinos to show my losses to offset that jackpot. (Boy, can I show the losses!)
IF you still don't trust the players club, here is where it is your friend!
If you hit a big jackpot, you'll be so happy you were a player's club member you might just dance in the streets. If you weren't, you might be out in the street. Using your player's club card will allow the casino to keep track of your wins and losses. At the end of the year you can ask for a win/loss statement and they will either email or snail (if the post office is still in business) mail you a copy. That should shrink your big jackpot's tax liability.
Tomorrow, we will get some tax tips from gaming experts. That's all for now.
Binbin
How many times have you finally hit that rare jackpot over $1200, your machine has locked up and here comes casino staff - much quicker than that 15-minute ago drink order.
"Congratulations!", as they make the usual check for any machine malfunction or possible shenanigans on your part - to be expected, of course. The you are asked the famous question "would you like taxes taken out now, or will you be taking it out later?
What's a person to do? You're excited, nervous (unless this thing happens to you all the time like me.....lol), and have to make this decision, usually without a lot of experience in this area.
Well, I am going to try to look into what the experts say about gambling & taxes. Today we look at the question of "tax me now, or tax me later?"
A personal true story that stopped me from ever considering getting taxes taken out instantly:
I was playing Triple Play Video Poker at the Palms in Las Vegas. Playing full-pay Bonus Poker I was dealt 10-J-Q-K of spades. Triple play, if you haven't played it, is a VP game where you play three hands based on the deal of the bottom hand. Most Video Poker paytables jackpot of a Royal Flush is 4000 credits, and at the $.25 level, that's under the taxable amount of anything over $1999. Well, I was extremely luck??? - I drew an A of spades at the top hand and a Straight Flush 9 of spades draw on the bottom for a total of 5000 credits - yeah! Oh wait a minute - that's $1250!
I took the taxes immediately because I didn't know any better and was handed a little over $900. I know I should be grateful, but on that extra $ 300 I could have played single VP all day - enough for comps, and future offers. THAT WAS THE LAST TIME I TOOK TAXES OT IMMEDIATELY!
IRS Reporting
All casino winnings are subject to federal taxes however the IRS only requires the casinos to report any wins over $1,200 on slot and video poker machines or other games such as keno, lottery or hose racing. When you have a win equal to or greater than $1200, you will be issued a W-2G form. This form lists your name, address and social security number. The casinos are not required to take out withholding tax on jackpots under $5,000 as long you supply your social security number. If you don’t provide your social security number the casinos will withhold 28 percent on smaller jackpots.
You can request a specific amount of withholding tax to be taken out on any jackpot you win. Some players like to do this to avoid a big tax payment in April when the file their income tax returns. The additional withholding may not be necessary if you keep a log book. The law allows you to deduct gambling loses up to the amount of your winnings. You can only do this if you have documentation of your losses. Keeping a diary or logbook, is the way to do this.
However if you gamble at a specific casino, you should ask for a win/loss statement that the casino will provide to show the losses that offset your jackpot. Personally, I am able to gamble enough locally and once per year in Las Vegas to get whatever win/loss statements from different casinos to show my losses to offset that jackpot. (Boy, can I show the losses!)
IF you still don't trust the players club, here is where it is your friend!
If you hit a big jackpot, you'll be so happy you were a player's club member you might just dance in the streets. If you weren't, you might be out in the street. Using your player's club card will allow the casino to keep track of your wins and losses. At the end of the year you can ask for a win/loss statement and they will either email or snail (if the post office is still in business) mail you a copy. That should shrink your big jackpot's tax liability.
Tomorrow, we will get some tax tips from gaming experts. That's all for now.
Binbin
Saturday, 9 March 2013
"Sun" Sunday
Mohegan Sun Promotions
Free Slot Play Mania
Sundays, March 10th & 24th
6:00am - Midnight
Simply insert your Player's Club card into your favorite slot machine.
Earn 1 Player's Club point* and receive $15 in Free Slot Play!
Double Points
EVERY TUESDAY IN MARCH!
Play your favorite slots* between 6:00AM - MIDNIGHT each day to receive your DOUBLE POINTS! TUESDAYS | MARCH 19TH AND 26TH
*Select machines excluded.
MOHEGAN SUN'S $25,000 Best of the Bracket Giveaway
March 18th - 21st
Swipe your Player's Club card once starting Monday, March 18th through Thursday, March 21st at the designated kiosks in Earth or Sky Promotions, as well as Bow & Arrow Sports Bar, to choose which team you think will win the 2013 men's college basketball tournament! As your team advances, you will earn entries towards the grand prize drawing, a trip to see the final four teams play during championship weekend in 2014 in Arlington, Texas! Plus, you can win cash prizes or a home entertainment system from Brookstone!
Powerplay Bonusing
Virtual RacingFriday, March 22nd
Each hour from 10:00pm - Midnight
Simply play at least $20 on your favorite slot games* during the half-hour prior to each Virtual Race to be eligible. Choose the winning horse on the Mohegan Sun Circuit and receive $25 in Free Slot Play instantly! *Select slot games excluded
Power Winners "Mystery" Instant HitWednesday, March 27th
Noon - 2:00pm, 4:00pm - 6:00pm & 8:00pm - 11:00pm
GUARANTEED TO WIN AT LEAST $10 IN FREE SLOT PLAY!
Simply insert your Player's Club card while playing your favorite slot games. Two Instant Hits will occur between Noon - 2:00pm, two more between 4:00pm - 6:00pm and three between 8:00pm - 11:00pm! But it's a mystery exactly when the Instant Hits will occur! For each Instant Hit, 50 Player's Club members will receive $100 IN FREE SLOT PLAY INSTANTLY! In addition, all other Player's Club members who have their card properly inserted in their slot game will receive $10 IN FREE SLOT PLAY INSTANTLY!
That's all for now!
Binbin
Free Slot Play Mania
Sundays, March 10th & 24th
6:00am - Midnight
Simply insert your Player's Club card into your favorite slot machine.
Earn 1 Player's Club point* and receive $15 in Free Slot Play!
Double Points
EVERY TUESDAY IN MARCH!
Play your favorite slots* between 6:00AM - MIDNIGHT each day to receive your DOUBLE POINTS! TUESDAYS | MARCH 19TH AND 26TH
*Select machines excluded.
MOHEGAN SUN'S $25,000 Best of the Bracket Giveaway
March 18th - 21st
Swipe your Player's Club card once starting Monday, March 18th through Thursday, March 21st at the designated kiosks in Earth or Sky Promotions, as well as Bow & Arrow Sports Bar, to choose which team you think will win the 2013 men's college basketball tournament! As your team advances, you will earn entries towards the grand prize drawing, a trip to see the final four teams play during championship weekend in 2014 in Arlington, Texas! Plus, you can win cash prizes or a home entertainment system from Brookstone!
Powerplay Bonusing
Virtual RacingFriday, March 22nd
Each hour from 10:00pm - Midnight
Simply play at least $20 on your favorite slot games* during the half-hour prior to each Virtual Race to be eligible. Choose the winning horse on the Mohegan Sun Circuit and receive $25 in Free Slot Play instantly! *Select slot games excluded
Power Winners "Mystery" Instant HitWednesday, March 27th
Noon - 2:00pm, 4:00pm - 6:00pm & 8:00pm - 11:00pm
GUARANTEED TO WIN AT LEAST $10 IN FREE SLOT PLAY!
Simply insert your Player's Club card while playing your favorite slot games. Two Instant Hits will occur between Noon - 2:00pm, two more between 4:00pm - 6:00pm and three between 8:00pm - 11:00pm! But it's a mystery exactly when the Instant Hits will occur! For each Instant Hit, 50 Player's Club members will receive $100 IN FREE SLOT PLAY INSTANTLY! In addition, all other Player's Club members who have their card properly inserted in their slot game will receive $10 IN FREE SLOT PLAY INSTANTLY!
That's all for now!
Binbin
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