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jackmagic777
jackmagic777
Joined: Jan 11, 2019
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February 7th, 2019 at 1:52:35 PM permalink
50k to compensate for the hundreds of times you did nor win 1k when the dealer busted with a 22. What a deal, don't forget to pay your takes. House will withhold 12K, If they don't like your ID or SSN, they will withhold 14k. Some states may withhold also WV 6.5%
Depending on US treaties, if a non-resident alien, you may be taxed at 30% and NOT allowed to deduct gambling losses.
CrystalMath
CrystalMath 
Joined: May 10, 2011
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tringlomane
February 7th, 2019 at 1:56:54 PM permalink
Quote: jackmagic777

50k to compensate for the hundreds of times you did nor win 1k when the dealer busted with a 22. What a deal, don't forget to pay your takes. House will withhold 12K, If they don't like your ID or SSN, they will withhold 14k. Some states may withhold also WV 6.5%
Depending on US treaties, if a non-resident alien, you may be taxed at 30% and NOT allowed to deduct gambling losses.



You only get a W2-G on a table game if it is 300x your wager.
I heart Crystal Math.
jackmagic777
jackmagic777
Joined: Jan 11, 2019
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February 7th, 2019 at 2:12:06 PM permalink
My mistake, but if it is 300 to 1, and over $600 all the above applies. Plus we must always report our winnings. It is the American way.

WAIT A MINUTE If you win on an ETG blackjack game, dependent on the state, you may be issued a W2G if payout exceeds $1,200. I know Stadium BJ is classified as slot machines in PA ! Withholding would kick in at 5K
beachbumbabs
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beachbumbabs
Joined: May 21, 2013
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February 7th, 2019 at 2:27:02 PM permalink
Quote: jackmagic777

My mistake, but if it is 300 to 1, and over $600 all the above applies. Plus we must always report our winnings. It is the American way.

WAIT A MINUTE If you win on an ETG blackjack game, dependent on the state, you may be issued a W2G if payout exceeds $1,200. I know Stadium BJ is classified as slot machines in PA ! Withholding would kick in at 5K



Electronic table games are considered slots for W2G generation purposes.
"Man Babes" #AxelFabulous
Wizard
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Wizard
Joined: Oct 14, 2009
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February 7th, 2019 at 4:10:32 PM permalink
Quote: michael99000

This seems like the type of wager where casinos set a max aggregate table payout per hand , such as I see on the Lucky Ladies side bet, or the let it ride progressive



I should have asked about that. There was another player at the table betting up to $100 or so, so this is not a trivial question.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard
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February 7th, 2019 at 4:11:19 PM permalink
Quote: beachbumbabs

Electronic table games are considered slots for W2G generation purposes.



I can confirm that.
It's not whether you win or lose; it's whether or not you had a good bet.
tringlomane
tringlomane
Joined: Aug 25, 2012
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February 7th, 2019 at 4:38:05 PM permalink
Quote: jackmagic777

My mistake, but if it is 300 to 1, and over $600 all the above applies. Plus we must always report our winnings. It is the American way.

WAIT A MINUTE If you win on an ETG blackjack game, dependent on the state, you may be issued a W2G if payout exceeds $1,200. I know Stadium BJ is classified as slot machines in PA ! Withholding would kick in at 5K



This game is highly unlikely to make it to an electronic format. But if it would, congratulations in advance, Switch!!!
Switch
Switch
Joined: Apr 29, 2010
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GialmereMrCasinoGamestringlomane
February 7th, 2019 at 10:24:38 PM permalink
Firstly, thank you to tringlomane for starting this thread and also to the members who have provided their thoughts and feedback. I'm not sensitive about my games and view negative feedback as important as positive feedback in the overall context.

I have no idea, at this stage, whether the game will gain more momentum in the future. On the plus side it does have some good features, offering multiple odds without the need for the players to make an additional wager. However, as pointed out earlier in this thread, the majority of rolls will be a 'push' or 1/1 so the question becomes 'How often will a player sit through pushes and even money pays before thinking that the 'big hit' is too extreme?

The dilemma is that on one hand you want to offer high odds for the extreme outcomes BUT, in order to do that, there has to be a high % of ties to cater for that. Alternatively, the dice could be designed in such a way to decrease the pushes but that would also decrease the maximum payout to 10/1 or less. One other way to offset this is to make the players pay for the feature (i.e. a side wager) and then the losses incurred, from the times that the feature does not come up, allows increased payouts for when the feature appears.

I think the bottom line is whether players will accept a built-in multiple odds bonus in return for having a 48% push rate on a dealer 22. Time will tell and I'm on the fence at this stage :-)
Switch
Switch
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MrCasinoGames
February 7th, 2019 at 10:28:09 PM permalink
Quote: michael99000

This seems like the type of wager where casinos set a max aggregate table payout per hand , such as I see on the Lucky Ladies side bet, or the let it ride progressive

They arenít going to want a table full of players betting black and purple chips on their hands, with a side bet where everyone winning is correlated and possibly having to pay out a quarter million dollars. Especially when the bonus required no additional wager beyond the normal bj bet



You're quite right Michael, the aggregate payout, per player, at The Golden Nugget, is $25,000.
Switch
Switch
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MrCasinoGamestringlomane
February 7th, 2019 at 10:31:04 PM permalink
Quote: tringlomane



... ... ...
The stingy paytable? Ouch. I wonder if strip casinos will be extra greedy and offer 6 to 5 and payable 2. I'd hope not. :(



I have the same concerns and hope that on a 6/5 game that Paytable A would at least be used.

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