Max Bet
August 21st, 2022 at 12:48:05 PM
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I was watching a Slotmassacre (yes, I admit it) and A.P. Baguley is playing Triple Double and notices the payout for both a Straight Flush and 4 5-Kings is lower per coin-in on a max bet than lower bet sizes. Here's a screen shot:
The red column is for 5 coins (the max on that machine).
This was new to me. Is this a known thing??
The red column is for 5 coins (the max on that machine).
This was new to me. Is this a known thing??
August 21st, 2022 at 12:52:44 PM
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There are casinos who lower the payout to avoid W2Gs on those wins.
You are cheating yourself when playing those games but you do avoid the W2G.
You are cheating yourself when playing those games but you do avoid the W2G.
August 21st, 2022 at 1:10:34 PM
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That makes sense. It was a $5 game and that would put both payouts at $1,195, just below the W2G limit.
August 21st, 2022 at 1:32:31 PM
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I'm going to guess this paytable was at Pechanga in California. An Indian owned casino.
August 21st, 2022 at 1:41:49 PM
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Quote: AlanMendelsonThere are casinos who lower the payout to avoid W2Gs on those wins.
You are cheating yourself when playing those games but you do avoid the W2G.
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In a totally honest world you are correct.
Technically you are cheating the tax man because I assume those wins that would put you over the threshold are not reported now.
I know quite a few people who would consider pocketing the extra bucks that would normally go the the tax man as a means of rewarding oneself, not cheating oneself.
But from a strictly gambling pov, yes, you are cheating yourself by playing those.
For Whom the bus tolls; The bus tolls for thee
August 21st, 2022 at 1:51:08 PM
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Of course even non W2G wins are reported on your tax returns.
Of course they are.
Of course they are.
August 22nd, 2022 at 3:50:21 AM
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Quote: AlanMendelsonI'm going to guess this paytable was at Pechanga in California. An Indian owned casino.
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I think it was Red Garter in West Wendover, NV. At least that's the sign showing as he pulls away at the end of the trip.
August 22nd, 2022 at 3:53:07 AM
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Quote: AlanMendelsonThere are casinos who lower the payout to avoid W2Gs on those wins.
You are cheating yourself when playing those games but you do avoid the W2G.
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And to further make your point, this reduced the EV from 98.15% to 97.78%.
August 22nd, 2022 at 7:29:10 PM
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Some casinos that have the 239 payout on $5 machines have the same payout on the $10 machines which makes no sense since it’s a taxable anyways.
The mountain is tall but grass grows on top of the mountain.
