vpFREE2 Forums

Question on "inaccurate" casino tracking figures

#1

I am wondering if anyone else has encountered the same thing that I
have, at THREE different casinos, to date.

I keep very detailed and accurate notes of all coin-in and coin-out
amounts for each day, as well as for each trip. Occasionally, I
request total trip coin-in/coin-out amounts from the player's club,
prior to departure.

On three separate trips, at three different casinos, their computer
figures showed that I had lost, when I KNEW that I had actually
won. Once, when I won a considerable amount, the casino computer
still showed a minor loss.

For obvious reasons, I didn't call this to anyone's attention.

Does anyone care to speculate on the possible cause of this anamoly?

Has any other list member had a similiar experience?

Thanks.

-Babe-0

#2

Sometimes, for who knows why, casinos don't count W2G jackpots when they report coin-in/coin-out. This seems to be especially true on win-loss statements at the end of the year.

···

________________________________________
Jean $�ott - http://www.FrugalGambler.biz
  Tax time is coming up - groan! "Tax Help
   for the Frugal Gambler" can answer many
   of your questions!

#3

Thanks, Jean!

I must give my smart husband credit (better than a kiss any day!)
because that's exactly what he surmised when I asked for his
opinion.
He also suggested that I put the question to the board for a more
informed opinion. Of course, he was quite correct, as usual.

In 2 of the 3 instances, where the computer erred, there were WG2
events. In the other there was a RF, but it was under $1200. I'm
now
wondering if some casinos don't count ANY jackpot?

If that's the case, it would be somewhat akin to what is known in
the
Insurance Industry, as a "shock-loss." i.e when calculating loss
ratio at policy year end, claims over a certain amount are
discounted.

I appreciate your informed answer (and so will EH).

Regards,
-Babe-

···

--- In vpFREE@yahoogroups.com, "Jean Scott" <QueenofComps@...> wrote:

Sometimes, for who knows why, casinos don't count W2G jackpots when
they report coin-in/coin-out. This seems to be especially true on
win-
loss statements at the end of the year.

#4

Sometimes, for who knows why, casinos don't count W2G jackpots

when they

report coin-in/coin-out. This seems to be especially true on win-

loss

statements at the end of the year.
________________________________________
Jean $¢ott - http://www.FrugalGambler.biz
  Tax time is coming up - groan! "Tax Help
   for the Frugal Gambler" can answer many
   of your questions!

Jean is correct. "Jackpots" (usually W2G) often have separate
accounting and may not be included in coin-out.

2-W

···

--- In vpFREE@yahoogroups.com, "Jean Scott" <QueenofComps@...> wrote:

#5

I stopped believing in the end of year statements when I got one from
a casino for 2004 which included a separate line for a W-2G that I
knew we had gotten in 2001!!. Last year's was clearly incorrect and we
had no W-2G's. I think that they do exclude some winnings because many
people use these as IRS documentation and this helps with taxes. I had
a CPA/Attorney here in Houston tell me that he had never seen an IRS
auditor question these when used as documentation of gambling losses.
This probably reflects more the quality of the auditor in a non
gaming state. I certainly do not trust them but save them anyway.

Trish

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

Sometimes, for who knows why, casinos don't count W2G jackpots

when

···

they report coin-in/coin-out. This seems to be especially true on
win-
loss statements at the end of the year.

#6

>
> Sometimes, for who knows why, casinos don't count W2G jackpots
when they
> report coin-in/coin-out. This seems to be especially true on

win-

loss
> statements at the end of the year.
> ________________________________________
> Jean $¢ott - http://www.FrugalGambler.biz
> Tax time is coming up - groan! "Tax Help
> for the Frugal Gambler" can answer many
> of your questions!
>

Jean is correct. "Jackpots" (usually W2G) often have separate
accounting and may not be included in coin-out.

2-W

Any idea why it is done that way?

···

--- In vpFREE@yahoogroups.com, "2-WILD" <lucky4K@...> wrote:

--- In vpFREE@yahoogroups.com, "Jean Scott" <QueenofComps@> wrote:

#7

The LVH seems to have messed up my wifes and I win-loss staements.
They said my wifes was win-loss record was correct but the one thay
sent me was the aggregate record of my wife and I. Strange as we
have separate accounts and we asked for our statements separately.
Based on my records they just missed a w2g for me. I feel they made
up this story to down play our recently lowered C3 status.
Dale

···

>
>
> Jean is correct. "Jackpots" (usually W2G) often have separate
> accounting and may not be included in coin-out.
>
> 2-W
>

Any idea why it is done that way?

#8

Hi Dale,

I'm not sure that I completely understand your post.

Are you asserting that the casino is trying to "help you out"
(with the IRS) by under-reporting your total annual win amount?

-Babe-

···

==================================================
--- In vpFREE@yahoogroups.com, "rosspark100" <rosspark100@...> wrote:

The LVH seems to have messed up my wifes and I win-loss staements.
They said my wifes was win-loss record was correct but the one
thay sent me was the aggregate record of my wife and I. Strange as
we have separate accounts and we asked for our statements
separately. Based on my records they just missed a w2g for me. I
feel they made up this story to down play our recently lowered C3
status.
Dale

#9

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

I do not think their motivation is to help anyone out, I simply

think that in a soft-ware change over to account for play on better
vp some inaccuracies happened and our accounts are not correct. I
just wondered if anyone else noticed similar things.
Dale

···

Hi Dale,

I'm not sure that I completely understand your post.

Are you asserting that the casino is trying to "help you out"
(with the IRS) by under-reporting your total annual win amount?

-Babe-

--- In vpFREE@yahoogroups.com, "rosspark100" <rosspark100@> wrote:

The LVH seems to have messed up my wifes and I win-loss staements.
They said my wifes was win-loss record was correct but the one
thay sent me was the aggregate record of my wife and I. Strange as
we have separate accounts and we asked for our statements
separately. Based on my records they just missed a w2g for me. I
feel they made up this story to down play our recently lowered C3
status.
Dale

#10

As I mentioned in my original post, I've noticed this win-loss
discrepancy at three casinos other than the LVH. None of them, to my
knowledge, had new soft ware changes to their tracking systems.
However, in all three cases, I had scored a RF. In two of the
instances, the royal was a WG2 event.

This causes me to surmise, as Jean Scott has verified, that "jackpots"
are ignored in win-loss summaries.
-Babe-

···

======================================================
--- In vpFREE@yahoogroups.com, "rosspark100" <rosspark100@...> wrote:

I do not think their motivation is to help anyone out, I simply
think that in a soft-ware change over to account for play on better
vp some inaccuracies happened and our accounts are not correct. I
just wondered if anyone else noticed similar things.
Dale