vpFREE2 Forums

Machine lockup, was Re: Tipping

#1

The problem with not issuing the W2-G immediately is, the player can find
someone else in a lower tax bracket (or some indigent person who doesn't even
file) to cash the ticket, for a small fee. Since this kind of thing would be
both easy and illegal, the machine is supposed to lockup so the paperwork can
be done on the spot.

Occasionally, when setting up a machine, the techs mess up and don't get the
$1200 number correct for machine lockup. A few years ago, at Silverton, they
put in a couple of dollar 5-plays with 10/7 DB. A friend of mine hit a
Royal, the machine just added 4000 credits, and he kept on playing! It does happen
once in a while.

Brian

···

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

In a message dated 11/8/2005 7:11:58 AM Pacific Standard Time,
whitejeeps@yahoo.com writes:

At a racino in W.Va. many fell in love with a particular keno game.
Heck, catch 7 out of 7 on 4 quarter bet paid $7000.00. Vegas odds but
still only little over 90%. Here was the crazy part; that hit and all
up to 10Gs paid a ticket and customer had 10 days to cash it. Of
course when you cashed it the W2G was issued. Now these machines lock
up at $1200.

[Non-text portions of this message have been removed]

#2

The same thing happened to me when I popped a progressive royal at Harrah's
EC some time ago. I just stared at it dumbly when it didn't lock up.

Chandler

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com]On Behalf Of
bjaygold@aol.com
Sent: Tuesday, November 08, 2005 5:01 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Machine lockup, was Re: Tipping

Occasionally, when setting up a machine, the techs mess up and don't get
the
$1200 number correct for machine lockup. A few years ago, at Silverton,
they
put in a couple of dollar 5-plays with 10/7 DB. A friend of mine hit a
Royal, the machine just added 4000 credits, and he kept on playing! It does
happen
once in a while.

Brian

#3

It's not really a problem for the player. Most tracks have what we
called "ten percenters". A whole cottage industry of folks hanging
around the tracks for a piece of the action to cash taxable wins for
winners. In the keno instance I posted about, the ten percenters were
busy. Since these guys worked on a 10% return instead of the
usual .002% vp players work on, maybe they would be super fleas? Nice
money, 10% of jackpot and don't invest a dime.

Cheers....Jeep

Sorry about the flea reference.....
.
.

The problem with not issuing the W2-G immediately is, the player

can find

someone else in a lower tax bracket (or some indigent person who

doesn't even

file) to cash the ticket, for a small fee. Since this kind of

thing would be

both easy and illegal, the machine is supposed to lockup so the

paperwork can

be done on the spot.

Occasionally, when setting up a machine, the techs mess up and

don't get the

$1200 number correct for machine lockup. A few years ago, at

Silverton, they

put in a couple of dollar 5-plays with 10/7 DB. A friend of mine

hit a

Royal, the machine just added 4000 credits, and he kept on

playing! It does happen

once in a while.

Brian

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

In a message dated 11/8/2005 7:11:58 AM Pacific Standard Time,
whitejeeps@y... writes:

At a racino in W.Va. many fell in love with a particular keno

game.

Heck, catch 7 out of 7 on 4 quarter bet paid $7000.00. Vegas odds

but

still only little over 90%. Here was the crazy part; that hit and

all

up to 10Gs paid a ticket and customer had 10 days to cash it. Of
course when you cashed it the W2G was issued. Now these machines

lock

···

.--- In vpFREE@yahoogroups.com, bjaygold@a... wrote:

up at $1200.

[Non-text portions of this message have been removed]

#4

The only difference whether you do or do not get a W2-G is the
paperwork - all wins are taxeable and for those who itemize losses can be
subtracted from them.

In a message dated 11/8/2005 7:11:58 AM Pacific Standard Time,
whitejeeps@yahoo.com writes:

At a racino in W.Va. many fell in love with a particular keno game.
Heck, catch 7 out of 7 on 4 quarter bet paid $7000.00. Vegas odds but
still only little over 90%. Here was the crazy part; that hit and all
up to 10Gs paid a ticket and customer had 10 days to cash it. Of
course when you cashed it the W2G was issued. Now these machines lock up at $1200.