And I'm pretty sure this violates the "don't talk about illegal activity" rule.
Time with different tellers- op should consult an accountant
Quote: billryanScoop up losing tickets at the sports/ horse racing rooms. Nothing illegal about collecting abandoned losing tickets.
LOL at THAT!
I nominate this for the worst advice on the forum category.
Someone I might know has claimed 30-50x that amount in losses each of the past 5 years without issue.
Quote: RS
And I'm pretty sure this violates the "don't talk about illegal activity" rule.
I would agree with that statement, RS. At the very minimum it is unwise.
Quote: kravaThis year I am up on slots. I hit a $1700 Hand pay the other night and I don't play slots often at all. I am trying to avoid having to pay taxes on all that at the end of the year. My question is that I don't want to have to go to the casino and play until I lose up to that much money. My idea is this. What happens if I play top dollar or double top dollar and when I get the bonus, I pull the players card out of the slot machine. I don't see how the win can be recorded? The players card keeps track of win/loss record. So if I pull the card out when there is no bonus, that bonus won't register on the card and thus will show I never got it right? Hopefully you can follow me on this.. I have heard that you can write off all your wins if you have enough losses to show for it. By "forcing" the players card not to show any bonuses collected, It will look like I never got the money. Bascially lets say I take $100 to get the bonus. I get a $80 bonus but I pull the card out. instead of showing -20 it will show -100 right?
Krava, taxes are an evil part of gambling.
I have 1 question for you. If you answer this question then we can give you some answers.
Do you currently itemize on your taxes?
Quote: kravaWhat happens if I play top dollar or double top dollar and when I get the bonus, I pull the players card out of the slot machine. I don't see how the win can be recorded?
Part of the SAS communication between the machine and the slot system are Start Game and End Game messages. On most systems, if your card is inserted when the Start Game message is received, the system will not close the rating until the End Game message is received, even if the card is removed. It's that way specifically to prevent this type of activity.
Quote: NathanWhat a weird thread! It seems like you are trying to scam the IRS, which is NEVER a good thing to do! Besides, they DO have cameras who can see the stunt you are trying to pull and at BEST they can ban you from the Casino. At worst they can send the IRS after your butt because you are frauding the IRS! Just pay your slot taxes like any normal adult would do. On a side note, this reminds me of a big stink that happened when two women claimed that they were banned from a casino after winning a jackpot after sharing a player's card. I forgot their names, but I'll call them Lisa and Sarah. Lisa and Sarah were taking turns on Sarah's player's card and Lisa ended up getting the progressive on Sarah's card The jackpot was like $5,000 and there was a big stink where the women thought they were being harrassed when they were banned from the casino after getting paid. I thought this story stunk like rotten fish and it turned out to be really stinky as I assumed it was. Turns out, one of the women was guilty of tax evasion, which led to them being banned from the casino. Their plan was to let the one who didn't do the tax evasion claim the jackpot prize to avoid having to pay the tax evasion money.
U just say u were about about to leav after the bonus round and removed ur card - players removing their cards from slot machines occurs millions of times per day - unless u r already under surveillance they wontl catch u - as for them arresting u for tax evasion u hav to first evade the taxes which would occur at the end of fhe year - just pulling ur card out is not tax evasion - in fact u could just say u chose to begin playing unrated which is well within casino rules.
Quote: darrellgPart of the SAS communication between the machine and the slot system are Start Game and End Game messages. On most systems, if your card is inserted when the Start Game message is received, the system will not close the rating until the End Game message is received, even if the card is removed. It's that way specifically to prevent this type of activity.
Some casinos do that but i know plenty that dont.
Quote: HunterhillJust establish citizenship in Canada. Gambling winnings aren't taxable.
Then they'll just take out 30% of your W2G jackpots (or something close to 30%). Then you can file and try to get the 30% back or however much you may be owed.
On a side note, how can I hide my self employment income from foreign companies? Just kidding, I pay a $#!+ ton in taxes and it pisses me off when others try to nickel and dime the government.
Quote: CrystalMathJust lose the $1700 gambling and itemize your taxes. Problem solved.
On a side note, how can I hide my self employment income from foreign companies? Just kidding, I pay a $#!+ ton in taxes and it pisses me off when others try to nickel and dime the government.
Krava did say he/she didn't want to play the $1700 back in gambling. :) Smart person. :)
Quote: HunterhillNot if you just play in Canada 😆
Oh yah, sure ye betcha, don't'chu know, only mode of transportation is by moose. That's gonna be an expensive investment if you move there (assuming you don't already live in Southern Canada AKA Wyoming Minnesota Montana or North Dakota, in which case you'd already own a moose for transportation).
Quote: HunterhillIt was sarcasm.:)
Oh. Okay, it being sarcasm makes a lot of sense! :) I was wondering why people kept mentioning Canada which is a different country! Thanks for clearing that up! :)
Quote: NathanPeople on this thread who keep saying that Krava should go play in Canada are assuming that Krava has the money to go play in Canada. If Krava is sweating $1700, I highly doubt he/she has the money to just up and go play in Canada! At least one person said that Krava should become a Canadian citizen! Really? Canadian Citizrnship costs some serious money!
None of these suggestions were meant to be serious. My recommendation is to pay the tax. If they are like most people, they are in the 15% tax bracket and this will cost $255 plus state tax.
Maybe the thread can be renamed to "Please help me defraud the government out of $255."
I didn't see a place in there for comps so I posted that here. There is no requirements in having to spend such and such a month in the machines to keep the card, it is only once a year rerate. I am tired of winning money and losing it all back. IT happens over and over. I need to hit something like $10,000 or something and then quit for life. But what do you think of the GOLD card? the good side is that you can eat every day for free, the bad side is watch what you eat or gain alot of weight.
Quote: kravaI need to hit something like $10,000 or something and then quit for life.
That's a nice thought, but it typically doesn't work that way.
hello kentry JR.Quote: kravaI have already started loosing trying to win more. I know I am atleast half way in a loosing streak. I did have one idea I could do which is legal. According to the casino, they have a GOLD card. $10=1 credit on the card (except video poker). My usual BR is $200 or so. I can take alot more if I want but I don't like losing it. If I put $4000 worth of money into the machines in 1 day. (that includes the machine giving me credits in wins), That will give me the GOLD card. With the gold card, from what I have heard is that the requirements is that you are rerated each year. SO my idea was get the GOLD card. From what I think, I will probably either lose $2000 (if I have a bad streak) or maybe even win something. Whatever happens if I get the GOLD card, I am allowed 1 free buffet every day for an entire year. That is bascially $18 *365 worth of food which is less then the money tha I will be spending to get it.
I didn't see a place in there for comps so I posted that here. There is no requirements in having to spend such and such a month in the machines to keep the card, it is only once a year rerate. I am tired of winning money and losing it all back. IT happens over and over. I need to hit something like $10,000 or something and then quit for life. But what do you think of the GOLD card? the good side is that you can eat every day for free, the bad side is watch what you eat or gain alot of weight.
You are missing the most impoertant part. What game are you playing and whats the payback percentage? You say you can either lose 2k or win a little, that's probably true about many games and situations.
You are asking a question that only you can awnser yourself. Ones man's trash.....
We have no idea what an $18 buffet is worth to you.
4K in to get over 6k worth of buffets seems like a super good deal. I would do it if i liked the buffet and lived close enough. Even if you were susposed to lose 10% thats only a $400 loss on avarge to get over 6k in buffets. It actully seems to good to be true, I think you should make 100% sure you haven't missunderstood the situation and it's really more like 40k coin in.
let's assume it is 4k only coin in, I can assure you it would be super hard to lose 2k putting 4k in action. lets say you played video slots and ran super bad and lost 25% for a total of -1k, are you confortble with that for a bunch of buffets? We can't awnser that question for you, only you can.
What real value do you put on the buffet? Will it save you at last $5 a day in food costs? if so, you should deffantly concider do it.
According to multiple people (and I have seen the points add up. I got 60 points saturday and lost $200 or so). Each $10 spent on a regular slot machine gives you 1 point. They also said it might be $12 to each point. I think that has to do with the penny machines. I am not sure. The buffet at the eldorado puts Golden corral to shame. Golden corral doesn't usually change their menu up. Eldorado changes it up almost every day. The only thing I am worried about is gaining weight eating there but the food is the best anywhere I have been. I am not sure if anyone has eaten there before. I think this is a win win for me. It will give me a good chance to really see what I can do in a casino. My first handpay I ever got, I was playing slots and was up and down. Then I put $3.50 worth of quaters 1 at a time into the machine and hit $725 (2003 lake charles). Then the next time I played slots 2010, I got to the casino and waited 3 hours and my cousin wouldn't leave,. I put $100 into $5 wheel of fortune and hit $1250 on the last $10.. (only had $100 or $200 to play with.). 2nd handpay was less then a month ago when I put $220 into the $5 double top dollar and got $1700. I never go with more then $200-$300. I don't want to lose it. I think I posted that before somewhere so don't want to run on and on.
Well I guess I didn't post this. I went to the casino tonight 7:30Pm or so. I went and asked personally about the gold card. They told me that the website is wrong and it is a lie. There is no such thing as a gold card in 1 day with 400 points even if it says it. They keep saying 4000. I be damn if I am going to spend 40,000 and lose atleast 10,000 most likely just to get some food. So don't believe what the website says.
so 40k coin in will get you a free buffet per day?Quote: kravaI live 5 miles away from the casino. I usually go out to eat atleast 1 time a day. That usually cost me about $12-$15 a day. if you want to verify the info yourself do it. The casino is called Eldorado Casino Bossier City. /
According to multiple people (and I have seen the points add up. I got 60 points saturday and lost $200 or so). Each $10 spent on a regular slot machine gives you 1 point. They also said it might be $12 to each point. I think that has to do with the penny machines. I am not sure. The buffet at the eldorado puts Golden corral to shame. Golden corral doesn't usually change their menu up. Eldorado changes it up almost every day. The only thing I am worried about is gaining weight eating there but the food is the best anywhere I have been. I am not sure if anyone has eaten there before. I think this is a win win for me. It will give me a good chance to really see what I can do in a casino. My first handpay I ever got, I was playing slots and was up and down. Then I put $3.50 worth of quaters 1 at a time into the machine and hit $725 (2003 lake charles). Then the next time I played slots 2010, I got to the casino and waited 3 hours and my cousin wouldn't leave,. I put $100 into $5 wheel of fortune and hit $1250 on the last $10.. (only had $100 or $200 to play with.). 2nd handpay was less then a month ago when I put $220 into the $5 double top dollar and got $1700. I never go with more then $200-$300. I don't want to lose it. I think I posted that before somewhere so don't want to run on and on.
Well I guess I didn't post this. I went to the casino tonight 7:30Pm or so. I went and asked personally about the gold card. They told me that the website is wrong and it is a lie. There is no such thing as a gold card in 1 day with 400 points even if it says it. They keep saying 4000. I be damn if I am going to spend 40,000 and lose atleast 10,000 most likely just to get some food. So don't believe what the website says.
4k in sounded to good to be true, however you never know, I have seen many to good to be true deals appear over the years in casinos.
Is the 40k coin in requirements only on slots? Or can you run in 40k on Video poker? I kinda doubt they would allow it on VP. But who knows. I can see why they would give you a free buffet with 40k coin in on alots. They will make at least 4k per person knowing the person probably won't use it everyday and they are probably going to gamble often when they do come in for the buffet. Actually, I think it's a very good promo for them to run.
Now If you can play VP and they have something like 8/5 bonus poker it is still a very good deal.
Again if it was a place I liked and close to me I would jump on it and and have both myself and GF do it, that way we could go eat at the buffet for free anytime we wanted to during the year. I would also assume they will send free play and other offers as well. The actual cost would probably be zero of they send you some free play. I guess you could lose 5k but doubtful. You could run good and win. If you can do it with 40k coin in on VP, AND YOU HAVE THE MONEY. Assuming it will save you at least $10 a day for one year it's super good value IMO.
If they don't require ID and just your card that would be super good because Your friends of family could enjoy the buffet as well. Some casinos allow you to have a joint account with a significant other, so perhaps you could add a friend or relative to your account and they cold use the buffet comps when you either get sick of it or don't have time.
Normally you shouldn't be playing for just food comps but if it's going to save you a significant amount of money at a low cost I can see the justification.
Let's assume you could afford to go for it. Would you be able to resist the temptation of slotting now that you would be going in to the casino more often?
I remember your handle. I was uncertain you were whom you claimed to be towards the end. If you're a character someone thought up, you haven't deviated too far.Quote: kravaI believe you are wrong. Krava has a history to it. Krava was suppose to be Kraba as my login to bellsouth internet over 10 to 15 years ago and has been alot of my usernames. Onenickelmiracle should remember me from when I wrote up a "double nickel miracle dream thing"on slot fanatics. This was when someone called Mr Moneybags was bragging about all the jackpots he hit. Kraba was was suppose to be K for Kristy and the rest for the name of a girl I liked in highschool dozens of years ago. bellsouth thought I said a V instead of a B and they messed it up. I am not 18. I was 21 (just out of college when the casino's came to shreveport. ) But I don't know what age if I even put an age or gender on here. I usually make all that stuff up when I join a blog. I won't be blogging any more on here though. I have to quit the slots and all that until xmas when my cousin comes down and he plays. I will play again then. I refuse to give the casino more money then they gave me.
You do understand that there's a huge difference between slots and VP?Quote: kravaI am not sure who I am suppose to be made up as? Anyway I am gulity of not taking time of forming my sentences correctly. I try to type out what I am thinking and not taking time to do it correctly. As long as I can read it back and it makes since to me, then it is good enough to get my point across. I did take technical writing in college for a CSC degree. I definetely haven't used it lately. Anyway, there is no way I want to put 40K into the slot machines. The deal is to build up points. The best and safest way (there is no safest way really), would be to play blackjack. I had the buffet last night and it wasn't anything special. It wasn't worth the $22 I spent on it last night just for the extra shrimp.
On VP you may only be giving up $400.... on slots it's more like $4,000.
On top of just obtaining Gold status, it looks like there is also a daily play requirement to earn a buffet, unless I am reading it incorrectly.
Definitely a kentyish move(Imagine if they did coin in for haircuts). Oh well, it was a good lesson, if it sounds too good to be true.... check and recheck the facts.Quote: JoemanLooking at the Club Eldorado Benefits Page, I don't think it works as it was described here.
On top of just obtaining Gold status, it looks like there is also a daily play requirement to earn a buffet, unless I am reading it incorrectly.
It makes sense they wouldn't want to allow people to earn and burn. Even forcing a player to earn just 1 point would significantly add value to the casinos bottom line, how many people would actually go through the trouble of putting in money to earn 1 point and not just blow through their seed money?
They have been doing the LV Crown and Anchor $20 in free lunch deal for years, no doubt it's profitable for them.
So for a coat of 2500 you would get mail of about 3k plus drawings and could bring 3 friends for the buffet every day- they had a great breakfast buffet and a seafood and steal buffet with lobster tail each Friday-
I also bought lunch for a business I was involved with wveey week-
At one time I figured I was getting 500 a week minimum in comped food that actually had value to me
You
Also for like an I pad or Xbox each rwnew period for earning the card
This is all long gone once the casino was expanded and new places to eat were added
Do they have $5 9/6 VP?Quote: kravaYou can do it for video poker too but 1 point in video poker is alot harder to get then slots. It might be every $20 in video poker. I am trying to switch to blackjack. When I run the wiardofodds blackjack game and play as they say, I have lost the last 3 times in a row on the simulation.
Are we talking BJ? What's the rules? If it's good rules then your cost wouldn't be too much and your variance wouldn't be as bad as VP. However if you must also put on 400 points per day I'm not sure if it's even worthwhile.
I can't imagine you'll be able to crank out enough hands in one day on BJ unless you're willing to bet higher amounts. It would take about 16 hours playing $1 VP. I can't imagine they have any fast VBJ machines that pay 3:2, so you'll probably be stuck on a slow big screen multiplayer VBJ forced to bet $100 a hand.
Not to hijack, but this seems like a good deal. Is there any catch to it? I'm planning to visit the Pinball HOF when I'm in Vegas in a couple of months. It looks like Crown & Anchor is right next door.Quote: AxelWolfThey have been doing the LV Crown and Anchor $20 in free lunch deal for years, no doubt it's profitable for them.
BlackJack is best at Sams Town
Rules that I remember:
Giving up is allowed (I forgot the name never mind it is surrender)
Black jack pays 3 to 2
House hits on soft 17 unless you are playing $100 table
everything else is bascially the best, like you can split and hit on aces etc. The only negative thing at sams town is the soft 17. Eldorado there is no surrender but you can do single deck blackjack or double deck but they shuffle alot. Also there they don't let you split and hit and all that like they do at sams town. Remember I am a newbie at blackjack so I don't know all of the terms.
I
Now can I handle a $5 VP machine? I guess you are refering that I am too "broke ass" to play it. Well lets see. Here is one example of a "wallet" I have to buy whatever I need. It isn't even one of my bank accounts. It seems I need 20 post to post a link and it won't let me.. If you are familiar with picpaste then put the www on it and include the rest of this and you can see the pictures. If you can't see the picture. The picture shows 80K+ in paypal. (I took some out to buy laptops 2 days ago and a bit more the week before) /pics/IMG_0671-LvEbU7y6.1473382849.JPG (picture expires in 3 days.) That pic isn't photoshopped. I also took the picture and went into properties and took out all the info I believe. But you see the acocunt and this page in the same screenshot.
Your talking to a person that has had $9000+ cash in their pocket and walked into a convience store and wanted something to drink. Back in 2007 I believe the normal pice of a 20oz drink in a convenience store was $1.29. I went in there and theirs were $1.59 It was 10 cents more then I wanted to pay, I walked out and didn't get anything. (most of the money was for computers but I did have some left). Back when I had money. I was making $1000 a day + on websites, I had 500K house 130K car, I went into a jack in the box. On the menu it said this combo was this and this price. When the thing printed out the ticket, It printed this and this and didn't add up to what it was suppose to and was 15 cents or close to that off. All I wanted them to do was admit they were wrong and I would leave it alone. (this was back in 2000-2003). Somehow I probably called corporate and they called them and gave me the meal for free. I didn't want the thing for free, I wanted them to admit they were wrong. Long story short, I can be a real tight ass when I want to. That is why currently I am not behind playing slots. I am dead even or just a little over. If something isn't working I give up on it. I am not going to keep going back throwing money away time and time again and get nothing out. My biggest loss has been $500 in on day while the biggest wins were $1250 and $1700 (or $1150 and $1475 before taxes if you include what it cost me to hit them). I have taken $200-$300 hits every day for a week before and that was after hitting double top dollar every day for several hundred on the $1 machine. ^700 &720 $560 $420 etc (I have pictures of those). I didn't reread what I typed and probably messed something up. LIke I said I am busy and don't have much time for anything. I will probably check this again in a day or two or hell maybe tomorrow. I am thinking about going to the eldorardo tonight and watching. I like to watch see how much money people throw though the high limit machines before they hit anything. The last guy said he put $2000 in and hit a $2500 one. I think that counts to me as a loss. Atleast he didn't lose the whole $2000 but after taxes and all he was negative on that one.
Quote: krava(Paraphrase)-I have a lot of money.
With all due respect, I don't think any posters here meant to offend you or imply that you are not well-to-do. $5 Denomination Video Poker is, quite simply, out of the bankroll range of many posters here, myself being one of them, and I write for all of the LCB-Family sites! I don't know that anyone meant to suggest such a denomination is out of your range, personally, just that it is out of the range of many people.
It's been such a long time since I did it. I remember sometimes(depending on the bartender) they said you had to lose the $20 or hit a 4oak or better before you could cash out.Quote: JoemanNot to hijack, but this seems like a good deal. Is there any catch to it? I'm planning to visit the Pinball HOF when I'm in Vegas in a couple of months. It looks like Crown & Anchor is right next door.
I'm sure you could call and get the details. IIRC There's actually 2 locations(not sure if it has the same name, but I think it's on west flamingo near the Palms.
A detailed trip report and rating on it would be cool.
Quote: kravaI am thinking about going to the eldorardo tonight and watching. I like to watch see how much money people throw though the high limit machines before they hit anything. The last guy said he put $2000 in and hit a $2500 one. I think that counts to me as a loss. Atleast he didn't lose the whole $2000 but after taxes and all he was negative on that one.
Uh, no.
You are claiming he pays full tax on the winnings.
You forgot that he only pays tax on the amount he won during the year, after first subtracting from winnings the amount he lost during the year.
Odds are good he, like almost all of us, is behind overall come tax time, and pays zero tax for gambling winnings.
For example, I declare $80K as income on my 1040, line 21, but then offset that with $80K losses on schedule A, line 28.