bluefire
bluefire
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January 22nd, 2015 at 3:02:12 AM permalink
Was at PH earlier tonight, playing High Card Flush. Got dealt a 6-card straight flush. Got 5,000 for my 5 dollar straight flush bet and 500 on my flush bet. First time I've ever had to fill out a tax form! Was a hell of a night. :)

Also, right before I left, another person sat down and got a 7-card flush. Pays 300 - 1, and is 0.000051. Those would have been my cards if he hadn't of sat down!
odiousgambit
odiousgambit
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January 22nd, 2015 at 3:15:22 AM permalink
Good luck with that tax form. Do you itemize your tax deductions or take the standard deduction. Or just not file taxes?

Sorry, I hate the idea of those things. It's just a tax-man money-grab set with a hair trigger [the threshold is way too low].
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
tringlomane
tringlomane
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January 22nd, 2015 at 3:15:59 AM permalink
Congrats on the Straight Flush! When I played the game, the side bets killed me on that game. But Harrahs NKC has given me some ridiculous offers since that $100 loss...*shrug*
ThatDonGuy
ThatDonGuy
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January 22nd, 2015 at 6:27:17 AM permalink
Quote: bluefire

Also, right before I left, another person sat down and got a 7-card flush. Pays 300 - 1, and is 0.000051. Those would have been my cards if he hadn't of sat down!


Er, wouldn't the second card have gone to the next player? Or if you were the only two players, wouldn't your second card have been what you were actually dealt as your first card?

Or do they deal all of a player's cards at once in HCF for some strange reason?
Dieter
Administrator
Dieter
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January 22nd, 2015 at 6:39:47 AM permalink
Quote: ThatDonGuy

Or do they deal all of a player's cards at once in HCF for some strange reason?



I would expect that it's dealt as slugs from an autoshuffler, rather than one card at a time to each hand.
May the cards fall in your favor.
Zcore13
Zcore13
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January 22nd, 2015 at 7:47:32 AM permalink
Nice hit. We've had a run of good hands lately at my Casino, including a 7 card flush with one card missing in between to connect the 7 cards. So close to the Progressive Jackpot...

Yes, ThatDonGuy, they are dealt out in 7 card piles from the shuffler.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
DJTeddyBear
DJTeddyBear
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January 22nd, 2015 at 7:54:36 AM permalink
Quote: Dieter

I would expect that it's dealt as slugs from an autoshuffler, rather than one card at a time to each hand.

In most casinos, anything more than two cards dealt from an auto shuffler is dealt as slugs. It really speeds up the deal, but as with the OP, can create some legitimate "stole my jackpot" situations.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
Ayecarumba
Ayecarumba
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January 22nd, 2015 at 9:08:02 AM permalink
I wouldn't be surprised if the autoshuffler was then "retired" to a six foot hole in the desert...
Simplicity is the ultimate sophistication - Leonardo da Vinci
cmc0605
cmc0605
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January 24th, 2015 at 12:18:22 PM permalink
Is it common for the casino to force taxes on a ~5,500 win (on table games)? I heard 10,000 is the threshold where I am, or is this casino/state dependent?
cclub79
cclub79
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January 24th, 2015 at 12:56:08 PM permalink
Quote: cmc0605

Is it common for the casino to force taxes on a ~5,500 win (on table games)? I heard 10,000 is the threshold where I am, or is this casino/state dependent?



If it is a 300 to 1 or higher win and greater than $600, you have to issue the form even on the tables.

Here's the IRS:



Reportable Gambling Winnings


Report gambling winnings on Form W-2G if:

1.
The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine,

2.
The winnings (reduced by the wager) are $1,500 or more from a keno game,

3.
The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament,

4.
The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option of the payer, by the wager are:

a.
$600 or more, and

b.
At least 300 times the amount of the wager, or


5.
The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).
cmc0605
cmc0605
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January 24th, 2015 at 2:45:51 PM permalink
Thanks- what about a case like Mississippi stud or let it ride where you might hit a straight flush (100 and 200:1, respectively) but might do so on multiple wagers?
AcesAndEights
AcesAndEights
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January 24th, 2015 at 8:19:54 PM permalink
Quote: cmc0605

Is it common for the casino to force taxes on a ~5,500 win (on table games)? I heard 10,000 is the threshold where I am, or is this casino/state dependent?


$10K is the threshold for filing a CTR (currency transaction report) and it is not related to taxes. There is lots of info on this forum about CTRs if you search.

$1200 is the threshold for getting a W-2G on a machine

$600 on a 300-1 or better shot is the threshold for getting a W-2G on a table game.

Quote: cmc0605

Thanks- what about a case like Mississippi stud or let it ride where you might hit a straight flush (100 and 200:1, respectively) but might do so on multiple wagers?


I believe that would be no W-2G because no individual bet paid higher than 300-1 odds.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
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