ChumpChange
Posted by ChumpChange
Dec 03, 2020

6:5 BJ Insurance Bets

6:5 BJ screws up insurance bets, especially if you're trying to win BJ-BJ.
OK, I'm not thinking straight, there's no effect on insurance bets.

You have a $10 bet down, you get dealt a BJ, dealer gets dealt an Ace and asks if you want insurance.
If you say no and win the hand, you get paid $12.
If you say no and push the hand, you get paid $0.
If you say yes and push the hand, you get paid $10.
If you say yes and win the hand, you get paid $12 (-$5 insurance) = $7 (instead of $10 in 3:2 BJ). *

You have a $10 bet down, you get dealt a 20, dealer gets dealt an Ace and asks if you want insurance.
If you say no and win the hand, you get paid $10.
If you say no and push the hand, you get paid $0.
If you say no and lose the hand, you lose $10.
If you say yes and win the hand, you win $10 (-$5 insurance) = $5.
If you say yes and push the hand, you get paid $0 (-$5 insurance) = -$5.
If you say yes and lose the hand, you lose $10 (-$5 insurance) = -$15.

*It does hobble you if you're trying to win one unit no matter what if you have a BJ against a dealer ace and the dealer loses.

https://wizardofvegas.com/forum/gambling/blackjack/6891-6-5-blackjack/5/#post786998

ChumpChange
Posted by ChumpChange
Sep 10, 2020

Safer Together - Turning Stone Reopening pdf

Turning Stone and sister casinos - Safer Together -- Reopening Oneida Nation Enterprises Gaming Venues pdf https://www.turningstone.com/uploads/document/safertogether/SaferTogether-Plan.pdf

Restaurant dining linked to COVID-19; severe illness less common with GI symptoms
https://tinyurl.com/y4my9ze4

The risk of dying from COVID-19 is 1% in the low-risk group, 10% in the intermediate-risk group, 31% in the high-risk group, and 62% in the very high-risk group.
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Craps barrier in a photo indicates barrier is between players and not a barrier to the table.

Disinfected dice: Las Vegas casinos getting ready to roll
https://www.detroitnews.com/story/news/nation/2020/05/22/disinfected-dice-las-vegas-casinos-getting-ready-roll/111848102/


Roulette barrier in a photo indicates barrier is between players and not a barrier to the table.

Casinos in Wales set to reopen | Knutsford Guardian (wants to cookie)
https://www.knutsfordguardian.co.uk/news/national/18683992.casinos-wales-set-reopen/


Photos show changes in Atlantic City casinos after reopening - Business Insider Jul 6, 2020
https://www.businessinsider.com/photos-show-changes-in-atlantic-city-casinos-after-reopening-2020-7
Top photo seems like craps barriers are to protect workers and not set between players at the Golden Nugget Casino in Atlantic City, New Jersey, on July 2, 2020.
Partitions between players and face masks allow gamblers to enjoy craps at the Hard Rock Casino on July 2, 2020

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Which states are on the travel advisory list? Are there travel restrictions to or from New Jersey? https://tinyurl.com/y5k8yg8m
As of Tuesday, September 15, there are currently 30 states and U.S. jurisdictions that meet the criteria stated above:

Alabama (added 6/24/20)
Alaska (re-added 9/1/20)
Arkansas (added 6/24/20)
Delaware (re-added 9/8/20)
Florida (added 6/24/20)
Georgia (added 6/30/20)
Guam (added 8/25/20)
Idaho (added 6/30/20)
Illinois (added 7/28/20)
Indiana (added 7/21/20)
Iowa (added 6/30/20)
Kansas (added 7/7/20)
Kentucky (added 7/28/20)
Louisiana (added 6/30/20)
Mississippi (added 6/30/20)
Missouri (added 7/21/20)
Montana (re-added 9/1/20)
Nebraska (added 7/21/20)
North Carolina (added 6/24/20)
North Dakota (added 7/21/20)
Oklahoma (added 7/7/20)
Puerto Rico (re-added 9/15/20)
South Carolina (added 6/24/20)
South Dakota (added 8/11/20)
Tennessee (added 6/30/20)
Texas (added 6/24/20)
Utah (added 6/24/20)
Virginia (added 7/21/20)
West Virginia (added 9/8/20)
Wisconsin (added 7/14/20)

Note: California, Hawaii, Maryland, Minnesota, Nevada, and Ohio were removed 9/15/20. The Virgin Islands were removed 9/8/20. Arizona was removed 8/25/20. New Mexico, Rhode Island, and Washington were removed 8/11/20. The District of Columbia was removed on 8/4/20.

This list will be updated regularly.

The self-quarantine is voluntary, but compliance is expected.

We ask that you complete a voluntary online survey to provide information about where you are traveling from and your destination if you have traveled to, or are returning from, one of the states that has been designated above.

ChumpChange
Posted by ChumpChange
Jun 27, 2020

Does the IRS Consider Cashback and Free-Play Income?

Does the IRS Consider Cashback and Free-Play Income? | Las Vegas Advisor
https://www.lasvegasadvisor.com/question/cashback-irs/

The biggest argument as to why cashback is income is that if you’re 86ed (barred) from a Nevada casino, Nevada Gaming Control has ruled time and time again that you’re entitled to the cashback earned, whereas comps in your comp account are forfeited, since they’re discretionary.
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Edit posted on 10-10-2020
South Dakota Supreme Court: Casino free play not taxable
By Jaci Conrad Pearson Black Hills Pioneer - Dec 19, 2014
https://www.bhpioneer.com/local_news/supreme-court-casino-free-play-not-taxable/article_5584b698-87a5-11e4-8051-6b7e6045ba34.html

Is Free Play Considered Taxable Income? - 07-02-2016
http://slotfanatics.com/showthread.php?18785-Is-Free-Play-Considered-Taxable-Income
kdk wrote: It is not taxed. I have won a few drawings at one of my local casinos. Once it was $1000 in cash- and they gave me a tax form with it. Then won there again and instead my prize was $1000 in freeplay. No tax form for that. For any drawings/prizes anything over $600 cash is taxable. Winnings from the freeplay are taxable of course though.
pelotari wrote: I will confirm what kdk said, and I have had similar wins. I was called in a drawing where there were several winners of $1000 cash. Each of us collected at the cashier, and were given a 1099 tax form (not a W2G) and a copy was sent to the IRS. It was a 1099 since it was a drawing that had no fee to enter, as opposed to a slot win. Then another time I was called in a drawing and won $10,000 freeplay. There were no tax forms on that.

Comments

StevieRayShine
StevieRayShine Dec 16, 2020

Didn't even consider the need of having to report in these situations. Thanks for providing insight on freeplay vs. cashback as taxable income.

ChumpChange
Posted by ChumpChange
Jun 27, 2020

Vlog - All Vegas Poker Rooms and regulations!

All Vegas Poker Rooms and regulations! - Vlog #245 Part 1
K. Pokerkraut
https://www.youtube.com/watch?v=-M-_ceaRNlo

All Vegas Poker Rooms and regulations! PART II - #245 Part 2
K. Pokerkraut
https://www.youtube.com/watch?v=hYnBLKo6h2Y

ChumpChange
Posted by ChumpChange
Jun 25, 2020

Clocking the Roulette wheel or not?

Clocking the wheel or just lucky?
From 25€ to 7000€ at AUTO ROULETTE, EVOLUTION GAMING (HIGH STAKES, BIG WIN) - YouTube
https://www.youtube.com/watch?v=rzPaFtpDNwA

Single-zero wheel
0-32-15-19-4-21-2-25-17-34-6-27-13-36-11-30-8-23-10-5-24-16-33-1-20-14-31-9-22-18-29-7-28-12-35-3-26
Double-zero wheel
0-28-9-26-30-11-7-20-32-17-5-22-34-15-3-24-36-13-1-00-27-10-25-29-12-8-19-31-18-6-21-33-16-4-23-35-14-2
Triple-zero wheel
0-000-00-32-15-19-4-21-2-25-17-34-6-27-13-36-11-30-8-23-10-5-24-16-33-1-20-14-31-9-22-18-29-7-28-12-35-3-26
https://en.wikipedia.org/wiki/Roulette

So I'm working on my 10 in a row progressive dozen bet. I could win 91 times my original bet if I hit it really early; 85 times my original bet if I win one of 12 straight-up bets 10 times in a row.

Most Euro wheels in Vegas have a $100 minimum, there are a couple of exceptions if you can find them.
Playing Roulette at Las Vegas Casinos in 2019 https://www.onlineunitedstatescasinos.com/las-vegas/games/roulette/

Difference Between European Roulette and Single Zero Roulette
European Roulette and single zero appear to be the same but there is one major difference. European Roulette has a rule known as “la partage.” This returns half of an even money bet if the ball lands on zero. This cuts the house edge on red/black, odd/even and hi/lo to 1.35%. All other bets on both tables have a 2.7% house edge.

Encore, Wynn, and upscale MGM properties are the only ones that offer European Roulette in Las Vegas. The minimum bet at MGM Grand is either $10 or $25. The others all require at least $100 to play.
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I was playing my home game roulette software (which very definitely avoids landing on my bets) and turned $5,000 into over $12,000 pretty quickly using this system of $200, $300, $450, $700, $1050 on a dozen bet (raise on each loss, reset on a win or 5 losses in a row), and $25 on either 5 blacks or 5 reds within that dozen bet (opposite color of the last number spun) and raise to $50 after 6 losses on the quarter bet, and raise to $100 after 3 losses more, then call it a lost cause after two $100 bets. It's based on this video I saw on YouTube a couple nights ago.
The roulette player who submitted the system said he went from around $2,700 to $75,000 at a real table in 9 hours. He had 2 more buy-ins available.
I could divide down to $8, $12, $18, $28, $42 on the dozen bet and $1, $2, or $4 on the 5 red or black bets within the dozen for a $120 buy-in at a $1 roulette machine.

$9,000 PROFIT | Crazy Joe's Roulette System Review - YouTube https://www.youtube.com/watch?v=6CyxomofEO4