Looks good on paper

[wildman49]

When a play is close --- and one of the play leads to a royal flush --- it makes far more sense to me for recreational players to make the play that AVOIDS THE ROYAL because they are really expensive. For nickel, dime and quarter players going for a royal as a recreational player should be the play. Many never have even hit one and the whole thrill of VP is hitting the top hand. I agree with .50 and higher and a pro that plays $25 machines them kind of errors can add up over a years play.

[FloridaPhil]

[quote=wildman49]For nickel, dime and quarter players going for a royal as a recreational
player should be the play. Many never have even hit one and the whole
thrill of VP is hitting the top hand.[/quote]

[ravenbynight111]

As far as taxes, when you use your players card, you can use your losses against your winnings. We all lose playing machines. Never take tax out wait till years end. Most casino's you can go online and print out your play for the year. Also if you win all the time let me know where your playing.

[onemoretry]

As far as taxes, when you use your players card, you can use your losses against your winnings. There have been many, many posts on this forum stating that, in some states, this is not so - the state takes "its share", and it is gone forever.

[FloridaPhil]

You can deduct gambling losses on your Federal Tax return only up to the amount of your winnings. To do this you must file an itemized return.  If you are audited you must provide documentation to back up your return.  I carry a small log book on all my casino visits.  In it are the dates, casino name, who went with me, cash in and cash out as well as the serial numbers of the machines I play.   Casino printouts are notoriously inaccurate and I'm not sure they are acceptable by the IRS.I have had multiple W2Gs on my federal tax return each year since 2008.  I occasionally show a small gambling profit, but it's rare.   I have never been audited by the IRS for any gambling related issue, but I am prepared if that ever happens.   On our travels around the country, I have paid a lot of State gambling taxes.  They take their money out of my winnings before I am paid. I have never been able to recover a dime of that money even though I am not a resident of the State.All gambling winnings are taxable.  However, when you win more than $1,199.99 in any slot machine the US Government and some State Governments become your documented business partner.   What good is a 1-2% advantage if it puts you into the highest State and Federal tax bracket?  Not to mention the hassle of explaining to the IRS why you shouldn't pay taxes on a $100,000 royal.    If you play small, you don't have to worry about taxes or audits.