If I place $505 on the 9 on a bubble craps machine at the Rio and it hits, I am paid $707. Does this trigger a w2-g? How about if I place $1000 and it pays $1400?
Quote: bigfoot66I got into a facebook argument with someone I've never met over this and hoping one of y'all can answer...
If I place $505 on the 9 on a bubble craps machine at the Rio and it hits, I am paid $707. Does this trigger a w2-g? How about if I place $1000 and it pays $1400?
It sure does. Any electronic game works like a slot. If the win is $1200 including your original bet then a w2g is required. Same with BJ, you could bet 600 and win, $1200 payout gets the w2g.
I hope you meant electronic BJ there GWAE. Real BJ, on real tables, don't require a W2G, at even much, much, higher levels.Quote: GWAEIt sure does. Any electronic game works like a slot. If the win is $1200 including your original bet then a w2g is required. Same with BJ, you could bet 600 and win, $1200 payout gets the w2g.
CTR and SAR are different discussions ;-)
Quote: TwoFeathersATLI hope you meant electronic BJ there GWAE. Real BJ, on real tables, don't require a W2G, at even much, much, higher levels.
CTR and SAR are different discussions ;-)
Yes electronic.
But if that triggers a W2G -- what happens to your other wagers? Do those stay up? Do they still have action? If they still have action and one hits, now what happens -- you have TWO W2G's pending on the same machine at the same time?? Or rather (what I think would be the case) -- they'd have no action while the machine is locked up. But then of course, this begs another question -- can this be exploited? What if you have money on the pass line, point is 4, your money on the 9 triggers a W2G? If your other bets temporarily don't have action, can you be in cahoots with a slot tech, wait until the PL bet is resolved (since you have a disadvantage on it), and get the machine unlocked only after the PL has been resolved?
Would you get a W2G retroactively? ie: The machine keeps score of how many wins you'd get while the machine is locked up....so as soon as the machine gets unlocked, another W2G shows up immediately? Say you hit the 9 for $1212, machine locks up, then the next roll is another 9?
I'm not sure what the limits are at all the casinos (yes, some say a limit of $5k, but that's the TOTAL action, not single bet action)...and I don't think you can get a W2G on a single bet by itself, but you can if you hit multiple bets at once (ie: Field + Horn).
The entire game wouldn't stop would it?
Quote: billryanYou'd only owe taxes on your win, not the total, correct?
You owe taxes on the total amount on the w2g.
This has always been a problem. Say I play with 5k. I am down to my last dollar and hit 5k. I now pay taxes on 5k even though I have just broken even. So now the casino breaks even, the player breaks even (before taxes), and the government makes $1500 in taxes.
Of course you can write off loses on your taxes as long as you are not taking the standard deduction.
Quote: GWAEYou owe taxes on the total amount on the w2g.
This has always been a problem. Say I play with 5k. I am down to my last dollar and hit 5k. I now pay taxes on 5k even though I have just broken even. So now the casino breaks even, the player breaks even (before taxes), and the government makes $1500 in taxes.
Of course you can write off loses on your taxes as long as you are not taking the standard deduction.
It's worse than that. If you are playing 5 coin $100 Jacks or Better and hit 3 OAK you are paid $1500 (your original $500 plus $1000) and receive a $1500 W2G thank you very much.
Quote: bigfoot66It's worse than that. If you are playing 5 coin $100 Jacks or Better and hit 3 OAK you are paid $1500 (your original $500 plus $1000) and receive a $1500 W2G thank you very much.
That's why I play Triple Double Bonus because it only pays $1000 on 3 of a kind. :)
Quote: bigfoot66It's worse than that. If you are playing 5 coin $100 Jacks or Better and hit 3 OAK you are paid $1500 (your original $500 plus $1000) and receive a $1500 W2G thank you very much.
How about this one. You bet $1500 on electronic BJ. You get a 20 and push. BAM 1500 w2g.
I am not sure if you can even bet that much.
However, I did witness the following about 4 years ago.
Guy bets 500 and splits. Ends up doubling each for 2k on the table. He won 1 and pushed the other and got a w2g on a push for 2k. He argued and their excuse was on thay paeticular hand he actually won 1k and didn't push. He basically cashed out and left after that.