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Gaming Guru
The Casino Answer Man11 April 2001
A. For the most part, video poker players should look for the same things in any denomination of machine. A 9-6 Jacks or Better machine will return 99.5 percent in the long run with expert play regardless of whether the game takes nickels or $5 tokens. One thing that may be of concern to high-denomination players is the frequency of hands that will trigger IRS-level jackpots. Casinos are required to have players sign IRS form W-2G before they can pay any jackpot of $1,200 or more. On $5 machines, relatively common four-of-a-kind hands trigger the IRS requirement on some games. If you're playing Jacks or Better, four of a kind returns 125 coins per five wagered, a payoff of $625 that's well below the IRS threshold. But on Double Bonus Poker, where four of a kind pays 250 coins or more, the payoff becomes at least $1,250, and that must be reported. The average player will hit about one four of a kind per hour. If you're going to be doing IRS paperwork that often, it's essential that you keep good records so that at tax time, you can deduct gambling losses from wins. For more information about slots and video poker, we recommend: The Video Poker Answer Book by John GrochowskiThe Slot Machine Answer Book by John Grochowski The Casino Answer Book by John Grochowski Break the One-Armed Bandits! by Frank Scoblete Victory at Video Poker and Video Craps, Keno and Blackjack! by Frank Scoblete Slot Conquest Audio Cassette Tape (60 minutes) with Frank Scoblete Winning Strategies at Slots & Video Poker! Video tape hosted by Academy Award Winner James Coburn, Written by Frank Scoblete The Slot Expert's Guide to Playing Slots by John Robison 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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