Revel Atlantic City- Just Won A 2014 Volkswagen Jetta S ($17,300 Value)
BAM.
Kelley Blue Book has the fair market value at closer to $15,775. I took the cash option.
#PickedTheRightDayToBeAPloppy
***UPDATE #1***
***UPDATE #1***
***UPDATE #1***
I earned about 80 more entries on Saturday, August 31. My name did not get called for the 12 drawings on that day. I returned on September 1st for the final 12 drawings.
This happened at 5PM.
UNBELIEVABLE.
I won ANOTHER 2014 Volkwagen Jetta S ($17,900 Value), and opted to take the $12,000 cash option again.
#WhenYou'reHotYou'reHot
***UPDATE #2***
***UPDATE #2***
***UPDATE #2***
Went back to Revel for a Cruise drawing on September 8, and hit this $2337.50 jackpot.
***UPDATE #3***
***UPDATE #3***
***UPDATE #3***
Colleagues and I decided to drive up to Foxwoods Resort Casino in Connecticut to gamble it up on September 9. I hate baccarat, but decided to keep them company. Bought in for $2,000, cashed out for $6,360.
***UPDATE #4***
***UPDATE #4***
***UPDATE #4***
I finally did win that "Pick Your Dream Cruise" drawing on September 29, valued at $10,000. I took the cash option of $6,500. There were 616 entries total, and I had 5 tickets in the drum.
***UPDATE #5***
***UPDATE #5***
***UPDATE #5***
Won another drawing in November at Revel, albeit for only $500 cash.
THE RUN GOOD CONTINUES.
Quote: PlayYourCardsRightCongratulations! That's a nice win! Shame that they only gave $12K when they value the car at $17. But I wouldn't complain too much at 12K!
Considering how old my car currently is, I think I take the Jetta if I would be so lucky.
Nice win though!! And maybe more importantly, way to stick it to Revel!
Quote: aceofspadesCongrats Chauncey!!!
Thanks ace!
Quote: aceofspadesWill you be taking the $12k and placing 2 bets at table max on Blackjack and videotaping it for the board?
No but I did take a check from Revel Entertainment Group.
I think the two have the same house edge.
Quote: EvenBobLess taxes taking the cash.
How so Bob? At the end of the year chauncey will receive a 1099-Misc. from Revel for the amount he was paid - cash or check.
Quote: ahiromuCongratulations, that's frickin' amazing. You don't mind your real name being on the board?
Thanks ahiromu! I don't mind since the list of winners will be made public anyway.
Quote: aceofspadesHow so Bob? At the end of the year chauncey will receive a 1099-Misc. from Revel for the amount he was paid - cash or check.
He would have had to pay taxes on what the car was
worth, $17K. Thats what kills Price is Right winners,
they have to pay income taxes on that crap they win,
full retail value.
Quote: EvenBobHe would have had to pay taxes on what the car was
worth, $17K. Thats what kills Price is Right winners,
they have to pay income taxes on that crap they win,
full retail value.
Yes Bob - I read your post after I read chauncey's post that he took a check - so I thought you were referring to his taking a check versus cash
no harm no foul
Quote: aceofspades
no harm no foul
You would have taken the car, right?
Quote: EvenBobHe would have had to pay taxes on what the car was
worth, $17K. Thats what kills Price is Right winners,
they have to pay income taxes on that crap they win,
full retail value.
Not to mention registration, insurance, gas, inspection, emissions... or the hassle of trying to sell it...
Quote: EvenBobYou would have taken the car, right?
Yeah right LOL CASH BABY CASH!!!
Quote: IbeatyouracesTake all cash, their check may bounce!
They should let you cash the check at the cage,
they want you to lose it all back ASAP.
Again, congratulations, and I hope you spend/lose it in a frivolous yet entertaining way. If you decide to be responsible and stash more than half of it, then shame on you.
Quote: ahiromuI only see one circumstance one would take the car: If you were already saving up for a new car and just happened to win it. If you have no need for the car, I doubt you'd get even 60% of its value in cash, anywhere. Plus there's that whole thing about coming up with $4500 for taxes (my situation, can you guess which bracket I'm in?). Even if you could find someone willing to pay 80% of face value for the car, it just doesn't seem worth the hassle and risk.
Again, congratulations, and I hope you spend/lose it in a frivolous yet entertaining way. If you decide to be responsible and stash more than half of it, then shame on you.
I hope chauncey wins big with it!
THAT IS AWESOME!!! Congratulations!
Quote: Mission146Chaunceyb3,
THAT IS AWESOME!!! Congratulations!
Thanks Mission! $100 slot pull is back on the to do list!
Quote: EvenBobHe would have had to pay taxes on what the car was
worth, $17K. Thats what kills Price is Right winners,
they have to pay income taxes on that crap they win,
full retail value.
Not just income tax, but also sales tax, title and registration in his home state. They won't give it to you on an MSO. And then you would have to market it and sell it. Cash is the better choice.
And congratulations!
Quote: MoscaNot just income tax, but also sales tax, title and registration in his home state. They won't give it to you on an MSO. And then you would have to market it and sell it. Cash is the better choice.
And congratulations!
I read decades ago that almost nobody took the prizes
on Price is Right. Especially the cars. The show didn't
expect them to, the prizes were just paid ads by the
company giving them away.
Quote: WizardLet it be known if anyone wins a car in Vegas and gets a lousy cash offer, I'd be interested in buying it. I'm in the market for a new car, but looking for a "nice guy" price.
Wiz - is this still you searching for a car for your wife to "make up" some passport snafu?
If I calculated correctly, this promotion is surprisingly a +EV one.
There are 12 drawings per day, one every hour from noon to 11PM for a $17,300 prize.
For Thursday and Friday, average entries for each drawing was 12,000.
Equity per entry: $1.44.
Assuming you are here for all 48 drawings, your equity is about $72 per entry. Even if we assume Sat/Sun will bring twice as many entries, still an equity of about $52.
5 earned comp dollars = 1 entry.
Comp rate is about 25% of expected losses (table games). So $20 in expected losses gets you a $72 entry. You can swap percentages with others I guess, to increase your chance of winning a prize.
For the first 24 drawings, 6 drawn names did not claim their prize (presumably because they got tired of waiting and left the casino), and alternates were drawn, which adds to your equity. One woman who had a mere 6 entries won 2 drawings (you can win multiple prizes). Another gentleman had about 600 entries and has whiffed on every single drawing thus far.
Quote: chaunceyb3
For Thursday and Friday, average entries for each drawing was 12,000.
Did personnel give you this info? Is that standard if you ask?
Quote: tringlomaneDid personnel give you this info? Is that standard if you ask?
The three employees working the laptop did. I guess it is standard but they knew I had won a prize earlier and one of them signed the paperwork.
Quote: chaunceyb3The three employees working the laptop did. I guess it is standard but they knew I had won a prize earlier and one of them signed the paperwork.
Since they gave it to you after the fact, I dunno if I would call it "standard". It probably wouldn't be standard for the chick that won it twice. They would generally tell winners probably out of curiosity though if requested. 12,000 entries sounds lower than I would have thought.
How much slot or video poker coin-in (if you know) creates an entry? Revel should have a boatload of players currently. ;)
Quote: tringlomaneSince they gave it to you after the fact, I dunno if I would call it "standard". It probably wouldn't be standard for the chick that won it twice. They would generally tell winners probably out of curiosity though if requested. 12,000 entries sounds lower than I would have thought.
How much slot or video poker coin-in (if you know) creates an entry? Revel should have a boatload of players currently. ;)
You're probably right that the information is on a upon request or discretionary basis. I think the fact that players have to activate entries manually in 5 or 6 steps (not just inserting their card or playing a machine/table game), and the fact that you have to be present at specific times, shuts out many potential winners.
Re: Slots and video poker coin-in
I'm have their middle tier card, so it may be different. Video poker is $4 for 1 base reward credit. Slots (penny) are 75 cents for 1 reward credit.
Quote: chaunceyb3
I'm have their middle tier card, so it may be different. Video poker is $4 for 1 base reward credit. Slots (penny) are 75 cents for 1 reward credit.
That's pretty intriguing, it's tough to know for sure, but depending on their best VP game, your Theoretical Loss might be better on the penny slots for entry chasing.
For example, if it were 8/5 JoB @ .97298434, then you lose $2.701566 per $100 bet and get 25 points.
In contrast, $100 bet gets you 133.33 Reward Points on Penny Slots.
If you get 25 points for a theoretical loss of $2.701566, then your cost per point is 2.701566/25 = .10806264
In order to have a loss per point of .10806264 per point on the Penny Slots, you look at x/133.33 = .10806264, and solving for x gives you x = 14.4079917912. In other words, a theoretical loss of $14.4079917912 per $100 bet, or return per $100 of $85.5920082088.
In other words, if you don't include anything else except for cost per point, then a machine would have to return worse than 85.5920082088% to have a higher cost per point than 8/5 JoB. Of course, they might have a better VP game than 8/5 JoB, do you happen to know what their best game is?
I guess you'd have to factor in the value of whatever else you get as well as the Expected Return of each point, in terms of the entries, to figure out whether losing $0.10806264 per point is a worthwhile play. If it helps, on that .855920082088 return for penny slots, if they have the $0.01/denom Quick Hits Platinum machine there, that's worse than that machine's lowest setting, so they can't even possibly pay that bad or worse.
Quote: wudgedNot to mention registration, insurance, gas, inspection, emissions... or the hassle of trying to sell it...
Or the fact it's a VW jetta. I love VW Golfs, but the Jetta is an economy car with all the personality of a worn leather boot.
Mission: the best games are $1 and $5 9/6 JoB, single line.
Quote: chaunceyb3Teddys: tables mostly.
Mission: the best games are $1 and $5 9/6 JoB, single line.
800/50/25/9/6?
That's definitely the better choice, barring any Progressive slot paying just under 98%, or better, in terms of cost per point.
Baccarat high rollers are absolutely destroying today's drawing. One whale has won 3 out of 9 drawings.
Quote: chaunceyb3One whale has won 3 out of 9 drawings.
Sick life.
Quote: chaunceyb3Striked out on day 3, but I have earned an additional 70 or so entries (got lucky enough to find not 1, but 2 WMS must-hits with playable major jackpots). +$300 on the day, will be back for day 4.
Nice work on the WMS machines, and the points at $0.75 bet per point to go along with it!
Quote: Mission146Nice work on the WMS machines, and the points at $0.75 bet per point to go along with it!
Great stuff! I didn't think chauncey "Wonged" those!
Quote: Mission146Nice work on the WMS machines, and the points at $0.75 bet per point to go along with it!
Hah thanks! $350 in comp dollars earned is also a nice bonus!
tringlomane: I will wong crane vending machines at the arcade if they are +EV! Maybe. If the mailers are good. 😃
Do you have a marina slip for the yacht you will win in the September drawings?Quote: chaunceyb3Hah thanks! $350 in comp dollars earned is also a nice bonus! tringlomane: I will wong crane vending machines at the arcade if they are +EV! Maybe. If the mailers are good. 😃
Congratulations!! That's a much larger win than I've ever had. It must feel pretty awesome.
