vegas
vegas
Joined: Apr 27, 2012
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September 6th, 2021 at 6:10:05 PM permalink
Just can't wrap my head around playing 1,250 per spin


https://vitalvegas.com/player-hits-1-million-video-poker-jackpot-at-cosmo/
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
gordonm888
Administrator
gordonm888
Joined: Feb 18, 2015
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September 6th, 2021 at 6:18:27 PM permalink
Playing $1,250/spin on Triple-Double, where there's a bit more equity from the return on rare, high payout hands. This was just an 800-to-one "Quads with a kicker" payout!

I wonder what the withholding is.
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
ThatDonGuy
ThatDonGuy
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September 6th, 2021 at 6:25:09 PM permalink
Quote: gordonm888

I wonder what the withholding is.


Is there any? The IRS says that there is no withholding for slot machine winnings (which, presumably, includes VP machines) if the winner furnishes a taxpayer ID number. Otherwise, it's $240,000 in this case.
AlanMendelson
AlanMendelson
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September 7th, 2021 at 2:35:39 AM permalink
Quote: vegas

Just can't wrap my head around playing 1,250 per spin


https://vitalvegas.com/player-hits-1-million-video-poker-jackpot-at-cosmo/

  • link to original post



    People who have money play higher limits.
    ChumpChange
    ChumpChange
    Joined: Jun 15, 2018
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    September 7th, 2021 at 3:15:24 AM permalink
    Looks like the quads paid 4,000 coins each and there were 10 hands that won the same amount, so it was a 40K coin win x $25 = $1M.
    AlanMendelson
    AlanMendelson
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    September 7th, 2021 at 5:10:25 AM permalink
    Quote: ChumpChange

    Looks like the quads paid 4,000 coins each and there were 10 hands that won the same amount, so it was a 40K coin win x $25 = $1M.

  • link to original post



    Guys... the game was Triple Double Bonus. Quad aces with a kicker equals a royal flush.
    Mission146
    Mission146
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    September 7th, 2021 at 7:38:16 AM permalink
    Quote: AlanMendelson

    Quote: vegas

    Just can't wrap my head around playing 1,250 per spin


    https://vitalvegas.com/player-hits-1-million-video-poker-jackpot-at-cosmo/

  • link to original post



    People who have money play higher limits.
  • link to original post



    I think that's the point. What's your net worth if you're playing $1,250/hand? I don't think I ever would, and here's why:

    1.) I'd have to have an advantage somehow.

    2.) I'm probably not playing $1,250/hand Video Poker unless I'm worth something like a readily liquified ten million.

    3.) If I'm worth ten million in cash or easily liquified assets, then I would have no need to advantage play in casinos.
    https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
    billryan
    billryan
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    September 7th, 2021 at 8:11:18 AM permalink
    Most million dollar jackpots are paid off over twenty years. I gather that isn't the case here.
    AxelWolf
    AxelWolf
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    September 7th, 2021 at 8:48:25 AM permalink
    Quote: billryan

    Most million dollar jackpots are paid off over twenty years. I gather that isn't the case here.

  • link to original post

    Generally, not in the casino. I can only think of a few things that are not paid off instantly in a casino.
    ♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
    MDawg
    MDawg
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    September 7th, 2021 at 8:53:48 AM permalink
    There are a lot of high net worth high limit slots players on the Strip, many of whom play nothing but slots. Almost all if not all of them are big time year end and lifetime losers. And I assume not many hit million dollar jackpots because typically when you read about those who do hit them, they were playing smaller limits, and the ones who do identify themselves tend to be Joe (or Josephine) Average from out of town.

    This high roller winner was the exception.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/

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