100xOdds
100xOdds
Joined: Feb 5, 2012
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November 23rd, 2015 at 2:57:49 PM permalink
at my local casino:
gold level reward card = $300 free slot play in March of next year just for being gold.
platinum level = $1100 to $1500 fsp (amount undetermined right now) for just being platinum

normally it takes $200k coin-in at vp to be platinum.
last year they had a special of 60k coin-in just in the month of dec to get platinum. I was already platinum at that time so It didn't matter.

but this year I've been playing mostly poker and am barely at gold lvl ($25k coin-in).

best vp game is 98.9% dw at $5 denom.
$60k coin in = $660 theo loss

1100-660 = +$440
plus increased marketing offers because my adt will go up huge. my adt right now is close to $0.
I currently get no marketing offers. :(
so $60k coin-in for one day will cause a huge spike.

or I could do nothing and get $300 free slot play.

the only benefit that I use for Platinum is a 'free' yearly 7day cruise. I just pay taxes/port fees of ~$350 per person.

So which would you do, assuming you have the time (~6hrs) and $ (I'm bringing $5k cash) to do this?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
DRich
DRich
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November 23rd, 2015 at 3:10:00 PM permalink
It sounds like a no brainner to me assuming you can absorb a $5000 loss. Hopefully you would have access to more funds to finish off the play if the $5000 doesn't get you there.
Living longer does not always infer +EV
GWAE
GWAE
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November 23rd, 2015 at 3:11:30 PM permalink
If you are using 98.9 as theo then you are assuming that you will hit a royal and 4 deuces. Both are going to cause a w2g and you will have taxes owed. That would cost you a lot more than your free play. If it were me I would pick the best game at .25 or .50 level and get it done in 2 days.

Your variance would also be lower and give you a better chance of making it on 5k
Expect the worst and you will never be disappointed. I AM NOT WHO YOU THINK I AM.
100xOdds
100xOdds
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November 23rd, 2015 at 3:13:19 PM permalink
Quote: GWAE

If you are using 98.9 as theo then you are assuming that you will hit a royal and 4 deuces. Both are going to cause a w2g and you will have taxes owed. That would cost you a lot more than your free play. If it were me I would pick the best game at .25 or .50 level and get it done in 2 days.

Your variance would also be lower and give you a better chance of making it on 5k


best game at .50 is 8/5 JoB (97.3%) :(
besides, my secondary purpose is to get adt as high as possible to maximize marketing offers.

also, all those hours at .50 denum for +$140 more vs $300 for doing nothing -> I'd rather just take the $300.
and it's less than +$140 since I'm playing a 97.3% game instead of 98.9%

(+$140 for 6hrs at 98.9% vp = +$23/hr theoretically)
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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November 23rd, 2015 at 3:41:06 PM permalink
Quote: 100xOdds

best game at .50 is 8/5 JoB (97.3%) :(
besides, my secondary purpose is to get adt as high as possible to maximize marketing offers.

also, all those hours at .50 denum for +$140 more vs $300 for doing nothing -> I'd rather just take the $300.
and it's less than +$140 since I'm playing a 97.3% game instead of 98.9%

(+$140 for 6hrs at 98.9% vp = +$23/hr theoretically)



Is there a cap to the "marketing offers"? At some point, will you receive the best they have to offer, with no additional gain for exceeding that threshold?
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DRich
DRich
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November 23rd, 2015 at 4:07:10 PM permalink
Quote: GWAE

If you are using 98.9 as theo then you are assuming that you will hit a royal and 4 deuces. Both are going to cause a w2g and you will have taxes owed. That would cost you a lot more than your free play. If it were me I would pick the best game at .25 or .50 level and get it done in 2 days.

Your variance would also be lower and give you a better chance of making it on 5k



A W2G does not cause you to owe taxes, winning does. Maybe he could get lucky enough to still be behind after getting the W2G, then no taxes would be owed. :)
Living longer does not always infer +EV
GWAE
GWAE
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November 23rd, 2015 at 4:20:37 PM permalink
Quote: DRich

A W2G does not cause you to owe taxes, winning does. Maybe he could get lucky enough to still be behind after getting the W2G, then no taxes would be owed. :)



That's not true at all unless he is already itemizing. He could lose 5k for the day and have a w2g for 5k. Unless he is not taking standard deduction he will be paying some taxes on it.
Expect the worst and you will never be disappointed. I AM NOT WHO YOU THINK I AM.
DRich
DRich
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November 23rd, 2015 at 4:26:46 PM permalink
Quote: GWAE

That's not true at all unless he is already itemizing. He could lose 5k for the day and have a w2g for 5k. Unless he is not taking standard deduction he will be paying some taxes on it.



Clearly then the answer would be to continue to gamble until your losses exceed the standard deduction. :)
Living longer does not always infer +EV
GWAE
GWAE
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November 23rd, 2015 at 4:28:33 PM permalink
Quote: DRich

Clearly then the answer would be to continue to gamble until your losses exceed the standard deduction. :)



Lmao that is great. I am going to try to convince my wife that next time I have a w2g.
Expect the worst and you will never be disappointed. I AM NOT WHO YOU THINK I AM.
darkoz
darkoz
Joined: Dec 22, 2009
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November 23rd, 2015 at 5:18:03 PM permalink
Quote: Ayecarumba

Is there a cap to the "marketing offers"? At some point, will you receive the best they have to offer, with no additional gain for exceeding that threshold?



Yes, absolutely. Every casino has an offer cap. Hosts can give discretionary above the caps for extreme high rollers, but there is a limit to caps where you cannot receive any higher.

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