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Gaming Guru
A shuffle through the Gaming Mailbag29 October 2002
A. The attendant's card is just to confirm he is authorized to open the machine. It does not reprogram anything. That there was no payoff for a while afterward is just coincidence. If you play a lot of reel-spinning slots, you know there are far more losing spins than winners--as many as 20 losers for every winner on some machines. Losing streaks are just a natural outgrowth of the odds of the game.
A. Internal Revenue Service rules are the same, no matter what the slot denomination. Casinos must have a player sign a tax form on any win of $1,200 or more. For high-denomination players, it is essential that they keep a tax diary so that they can deduct losses up to the amount of wins. The diary should include date of play, the casino, the machine number, amounts of buy-ins and amounts of cash-ins. Keeping proper records and deducting losses should take care of federal tax burdens for such high-limit players, as long as they itemize deductions, but states such as Illinois that do not allow gamblers to deduct losses on their state taxes pose a whole different problem. Under Illinois tax regulations, high-denomination players can lose tens of thousands, even millions of dollars and still have to part with huge sums at tax time. It's a system that is badly in need of updating.
A. Congrats on your royal! Royals occur only once in about 40,000 hands--about 80 hours of play for an average player--so long streaks without royals are possible. It's not unusual to go 160 hours between royals, or even 240. On the other hand, they can crop up close together--I've twice hit two in the same day. As for your strategy questions, keep holding those low pairs. I'm assuming you're playing Jacks or Better and/or Bonus Poker since you don't like the games in which two pair pays only 1-for-1. In Jacks or Better, holding the low pair brings an average return of about four coins per five wagered, while holding two high cards of the same suit returns only about three coins per five wagered, and two high cards of different suits brings about 2.5 coins per five wagered. Whichever you hold, the hand is a net loser, but you'll pull enough two pairs, three of a kind and the occasional larger hand when holding the pair that you'll lose less than if you hold two high cards. This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net. Recent Articles
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