vpFREE2 Forums

Guaranteed Play Question

Scenario:

Playing $1 Bonus Deuces Guaranteed Play machine and currently have -60
credits. I hit 4 Deuces with an Ace and the machine locks up with a
$2000 jackpot. The attendant fills out a W2G form for me for $2000 and
resets the game without giving me any money. The game now shows that I
have 1940 credits with four hands remaining.

Isn't this wrong? If I cashed out now I could not realize the $2000
that I supposedly was paid but only a ticket for $1940.

This is the first time I have ran accross this scenario but it seems
wrong that I would get a W2G for more than I could actually realize.

"drich295" <drichards@...> wrote:

Isn't this wrong? If I cashed out now I could not realize the $2000
that I supposedly was paid but only a ticket for $1940.

Is this any different from playing an ordinary video poker game, losing
$60, then hitting a $2000 hand? You get your tax form for $2000, even
though the most you were ever ahead was $1940.

So, yeah, it's wrong, but it's no more wrong than the way video poker
is taxed in general.

Stuart (RandomStu)
http://home.comcast.net/~sresnick2/fungames.htm

First, congratulations on a nice win!

IMO, the attendant should have inquired whether you wanted to cash
out your $2,000 and forfeit the last four hands. If the attendant
did NOT ask the question, I believe that you have a legimate beef to
discuss with the casino management. You were shorted $60.00. Under
the circumstances, as you stated them, I believe that the casino
should make you whole, and give you the $60.00.

Some players might feel that it was incumbent on YOU to advise the
slot attendant, that you wished to receive the entire $2,000. I
would disagree with that assertion only because Guaranteed Play is a
very new concept. Perhaps you were not totally cognizant of the
consequences of not making the request in advance of being paid the
lesser amounts, in credits.

I do think that many of us, in the excitement of the moment, might
have overlooked making a request to cash out the entire $2000.

That being said, I have never played on a GP machine. I am not
totally familiar with rules regarding early cash-out. I presume
that it is possible to do this, even if you are "minus 60 credits".

I think that this is an interesting topic for discussion especially
for folks who are going to be playing the GP machines, and will,
sooner or later, run into a similar situation.

~Babe~

···

================================================
--- In vpFREE@yahoogroups.com, "drich295" <drichards@...> wrote:

Playing $1 Bonus Deuces Guaranteed Play machine and currently have -
60 credits. I hit 4 Deuces with an Ace and the machine locks up
with a $2000 jackpot. The attendant fills out a W2G form for me for
$2000 and resets the game without giving me any money. The game now
shows that I have 1940 credits with four hands remaining.

Isn't this wrong? If I cashed out now I could not realize the $2000
that I supposedly was paid but only a ticket for $1940.......

Your W-2G should have been $1,940. Before you hit, you had nothing;
after you hit, you had $1,940. By definition, that's what you won.

···

--- In vpFREE@yahoogroups.com, "drich295" <drichards@...> wrote:

Scenario:

Playing $1 Bonus Deuces Guaranteed Play machine and currently have -60
credits. I hit 4 Deuces with an Ace and the machine locks up with a
$2000 jackpot. The attendant fills out a W2G form for me for $2000 and
resets the game without giving me any money. The game now shows that I
have 1940 credits with four hands remaining.

Isn't this wrong? If I cashed out now I could not realize the $2000
that I supposedly was paid but only a ticket for $1940.

This is the first time I have ran accross this scenario but it seems
wrong that I would get a W2G for more than I could actually realize.

Let's say that you're playing your last hand, with the last $5.00 you
hsve left from an initial investment of $60.00, on a regular single-
line dollar Bonus Deuces machine. In that case, if you pop a $2000
jackpot, after having lost $60.00 in the attempt, shouldn't your W-2G
also reflect $1940 as the amount won?
~Babe~

···

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

Your W-2G should have been $1,940. Before you hit, you had nothing;
after you hit, you had $1,940. By definition, that's what you won.

No. What happened previously in the session - or in a lifetime of
gambling - is irrelevant. In a regular single-line dollar Bonus Deuces
machine, a $2,000 jackpot leaves you $2,000 richer than you were a
moment before. That's not necessarily true in Guaranteed Play.

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

···

Let's say that you're playing your last hand, with the last $5.00 you
hsve left from an initial investment of $60.00, on a regular single-
line dollar Bonus Deuces machine. In that case, if you pop a $2000
jackpot, after having lost $60.00 in the attempt, shouldn't your W-2G
also reflect $1940 as the amount won?
~Babe~