Thread Rating:

coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 2:35:37 PM permalink
Quote: Mission146

4. The ticket redemption machines will sometimes tell you to go to the cage if the ticket is a particular amount, or more.



That can happen for any amount if the redemption machine needs a fill.
Mission146
Mission146
Joined: May 15, 2012
  • Threads: 132
  • Posts: 14626
July 13th, 2021 at 2:36:46 PM permalink
Quote: coachbelly

That can happen for any amount if the redemption machine needs a fill.



Thatís very true. Iím saying that redemption machines can be programmed also to simply always return tickets over a particular amount.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 2:41:34 PM permalink
Quote: darkoz

He only needs about ten grand probably and will hit his first jackpot. By the end of the day he probably never had more than ten grand in cash at any one time but kept feeding in his wins ALL THE WHILE RACKING UP $150,000 IN W-2G documents



This assumes that a $10K bankroll will generate $150K in W2Gs.

That doesn't seem like a reliable way to launder cash.
coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 2:48:17 PM permalink
Quote: lilredrooster

it's going to take a lot more than that to prove long term winnings



What else would be required to prove long term winnings to you?
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
  • Threads: 113
  • Posts: 3891
Thanks for this post from:
Mission146
July 13th, 2021 at 2:51:12 PM permalink
Quote: Mission146

Thatís very true. Iím saying that redemption machines can be programmed also to simply always return tickets over a particular amount.



Correct. Many ticket reception machines stop at $1500. like at Suncoat. At Caesars I think its $3000.
coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 2:52:17 PM permalink
Quote: AlanMendelson

Are you able to turn those tickets into a check without hitting a taxable jackpot?



Do you mean requesting a check from a slot attendant at cash out, or redeeming slot tickets at the cage and requesting a check from the cage attendant?
Mission146
Mission146
Joined: May 15, 2012
  • Threads: 132
  • Posts: 14626
July 13th, 2021 at 2:55:41 PM permalink
Quote: coachbelly

This assumes that a $10K bankroll will generate $150K in W2Gs.

That doesn't seem like a reliable way to launder cash.



Or nearly 100% reliable, depending on what machines are available and the max bet they will take.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 2:58:33 PM permalink
Quote: lilredrooster

there are dozens of people who have played on their teams and been associated with them who can verify their claims.



Are you stating that these people have verified the claims, or just that they can?

What method did, could or would these people use to verify their claims?
coachbelly
coachbelly
Joined: Oct 21, 2013
  • Threads: 1
  • Posts: 1043
Thanks for this post from:
Mission146
July 13th, 2021 at 3:03:41 PM permalink
Quote: Mission146

Or nearly 100% reliable, depending on what machines are available and the max bet they will take.



Under what condition would a $10K bankroll 100% reliably return $150K in W2Gs?

I suspect that machine players routinely lose $10K without generating any W2Gs.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 192
  • Posts: 11772
Thanks for this post from:
Mission146
July 13th, 2021 at 3:12:17 PM permalink
Quote: coachbelly

Under what condition would a $10K bankroll 100% reliably return $150K in W2Gs?

I suspect that machine players routinely lose $10K without generating any W2Gs.



On a $25 VP game, at $125 a spin, how many hands will generate one?

  • Jump to: