vpFREE2 Forums

Gambling With an Edge needs questions

#1

Your questions are needed! for our Radio Show

We will spend as much as two hours doing research for anything we can use on-air. That's at least quadruple what we would spend answering a post.

Here's your big chance to make Bob & I your humble servants for free.

Send questions to: gamblingwithanedge@gmail.com

Next week our guest is the gaming control commissioner. Woo Hoo!

~Frank Kneeland, Author of The Secret World of Video Poker Progressives--A History and How-To of Video Poker Slot Teams in Las Vegas. And co-host of the Radio Show--Gambling with an Edge--with Bob Dancer. More info: www.progressivevp.com

~You can't tell from one's destination, the route one took to get there.

#2

Here's a question:

How do you convince a casino to bring back high meter progressives now that teams are no longer allowed by the IRS?

(I'm not talking about full pay games with high meters, instead casinos should take out a chunk of base return and stick it in a progressive meter instead, for example if the casino offers 9/6 DDB (a 99% return game), they should also offer 9/5 DDB with 1% meter or 8/5 DDB with 2% meter and so on. Worst case it's revenue neutral to the casino, except having a 1% meter generates more play than having the 1% in the base return, which generates more revenue for the casino. Similarly promotion dollars are probably better spent in sweetening progressive jackpots to stimulate competitive action rather than just handing out cash to players on the hopes that they might play. Gamblers are gamblers, they're much happier with a juicier jackpot to go after than a handout.)

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--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:

Your questions are needed! for our Radio Show

We will spend as much as two hours doing research for anything we can use on-air. That's at least quadruple what we would spend answering a post.

Here's your big chance to make Bob & I your humble servants for free.

Send questions to: gamblingwithanedge@...

Next week our guest is the gaming control commissioner. Woo Hoo!

~Frank Kneeland, Author of The Secret World of Video Poker Progressives--A History and How-To of Video Poker Slot Teams in Las Vegas. And co-host of the Radio Show--Gambling with an Edge--with Bob Dancer. More info: www.progressivevp.com

~You can't tell from one's destination, the route one took to get there.

#3

Good post, Iguana. If this were Facebook or Youtube or something, I would click one of those "like" button thingies.

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--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote:

Here's a question:

How do you convince a casino to bring back high meter progressives now that teams are no longer allowed by the IRS?

(I'm not talking about full pay games with high meters, instead casinos should take out a chunk of base return and stick it in a progressive meter instead, for example if the casino offers 9/6 DDB (a 99% return game), they should also offer 9/5 DDB with 1% meter or 8/5 DDB with 2% meter and so on. Worst case it's revenue neutral to the casino, except having a 1% meter generates more play than having the 1% in the base return, which generates more revenue for the casino. Similarly promotion dollars are probably better spent in sweetening progressive jackpots to stimulate competitive action rather than just handing out cash to players on the hopes that they might play. Gamblers are gamblers, they're much happier with a juicier jackpot to go after than a handout.)

#4

Would you believe I was talking to a casino manager about just that not two days ago. I will indeed begin working on this.

I don't think Casinos even know that the teams are gone or why they are gone. We will endeavor to enlighten them.

~FK

Here's a question:

···

--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote:

How do you convince a casino to bring back high meter progressives now that teams are no longer allowed by the IRS?

(I'm not talking about full pay games with high meters, instead casinos should take out a chunk of base return and stick it in a progressive meter instead, for example if the casino offers 9/6 DDB (a 99% return game), they should also offer 9/5 DDB with 1% meter or 8/5 DDB with 2% meter and so on. Worst case it's revenue neutral to the casino, except having a 1% meter generates more play than having the 1% in the base return, which generates more revenue for the casino. Similarly promotion dollars are probably better spent in sweetening progressive jackpots to stimulate competitive action rather than just handing out cash to players on the hopes that they might play. Gamblers are gamblers, they're much happier with a juicier jackpot to go after than a handout.)

--- In vpFREE@yahoogroups.com, "Frank" <frank@> wrote:
>
> Your questions are needed! for our Radio Show
>
> We will spend as much as two hours doing research for anything we can use on-air. That's at least quadruple what we would spend answering a post.
>
> Here's your big chance to make Bob & I your humble servants for free.
>
> Send questions to: gamblingwithanedge@
>
> Next week our guest is the gaming control commissioner. Woo Hoo!
>
> ~Frank Kneeland, Author of The Secret World of Video Poker Progressives--A History and How-To of Video Poker Slot Teams in Las Vegas. And co-host of the Radio Show--Gambling with an Edge--with Bob Dancer. More info: www.progressivevp.com
>
> ~You can't tell from one's destination, the route one took to get there.
>

#5

teams are no longer allowed by the IRS?

Could you elaborate? You usually have many references.

···

--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote:

#6

--- In vpFREE@yahoogroups.com, "deuceswild1000" <deuceswild1000@...> wrote: Could you elaborate? You usually have many references.

--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@> wrote: teams are no longer allowed by the IRS?

In 1996 approximately, the IRS said slot teams could no longer claim players as independent contractors...and also made the transfer of Jackpots more complicated.

That's the number one reason there are no more large teams.

Contrary to the party line, it had little to do with casino changes.

Progressives remained good for years after that.

~FK

#7

Don't know whether this is within your purview

Can a Deceased's estate collect cash that remains in a slot player's account at a casino?

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----- Original Message ----- From: "Frank" <frank@progressivevp.com>
To: <vpFREE@yahoogroups.com>
Sent: Thursday, February 24, 2011 10:13 PM
Subject: [vpFREE] Gambling With an Edge needs questions

Your questions are needed! for our Radio Show

We will spend as much as two hours doing research for anything we can use on-air. That's at least quadruple what we would spend answering a post.

Here's your big chance to make Bob & I your humble servants for free.

Send questions to: gamblingwithanedge@gmail.com

Next week our guest is the gaming control commissioner. Woo Hoo!

~Frank Kneeland, Author of The Secret World of Video Poker Progressives--A History and How-To of Video Poker Slot Teams in Las Vegas. And co-host of the Radio Show--Gambling with an Edge--with Bob Dancer. More info: www.progressivevp.com

~You can't tell from one's destination, the route one took to get there.

------------------------------------

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#8

Can a Deceased's estate collect cash that remains in a slot player's account
at a casino?

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--- In vpFREE@yahoogroups.com, "Richard Gordon" <theolflash@...> wrote:

Yes! Speaking from experience, I had a friend pass away recently and knew that that person had cash back in their account. I asked at the slot club and was told that the executor of the estate could bring the death certificate and the slot club would transfer points/cash back to the executor's account making it available. Bringing along ID's and Slot Cards will probably expedite the situation?

#9

Frank:
Here is my question for the gaming guy on tommorow's sho-

"How many times do you physically go into VP machines in Las Vegas every year and make sure they're not gaffed".
Yes, I am paranoid and yes I remember the LATE Larry Volk.
My daddy always taught me "where there is money there is cheating".

#10

I like the advice I read from one of the poker guys, I forget who it was, but he said, "Trust everyone, but always cut the deck."

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--- In vpFREE@yahoogroups.com, "mike" <melbedewy1226@...> wrote:

My daddy always taught me "where there is money there is cheating".

#11

Thanks

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----- Original Message ----- From: "staninnv" <arnot@cox.net>
To: <vpFREE@yahoogroups.com>
Sent: Wednesday, March 02, 2011 5:53 AM
Subject: [vpFREE] Re: Estate collecting cashback

--- In vpFREE@yahoogroups.com, "Richard Gordon" <theolflash@...> wrote:

Can a Deceased's estate collect cash that remains in a slot player's account
at a casino?

=========================

Yes! Speaking from experience, I had a friend pass away recently and knew that that person had cash back in their account. I asked at the slot club and was told that the executor of the estate could bring the death certificate and the slot club would transfer points/cash back to the executor's account making it available. Bringing along ID's and Slot Cards will probably expedite the situation?

------------------------------------

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#12

Well, the slot club can't work the dead person anymore so they may as well work the executor and the heirs.

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--- In vpFREE@yahoogroups.com, "staninnv" <arnot@...> wrote:

Yes! Speaking from experience, I had a friend pass away recently and >knew that that person had cash back in their account. I asked at the >slot club and was told that the executor of the estate could bring the >death certificate and the slot club would transfer points/cash back to >the executor's account making it available. Bringing along ID's and >Slot Cards will probably expedite the situation?