Adjustable Paytables

[macaroo]

I just read, yesterday, an article in the " Insider" newsletter about IGT's new wrinkle in programming. They have just released or thinking about implementing an adjustable pay-table in the ddb game for a quad pay out at a certain level to eliminate the hand pay out and W9G paperwork. This would eliminate the delay in the game that can break a gambler's rhythm. To balance out the reduced pay out they would increase the pay back for a full house to 50 credits.
An interesting concept even though I don't play at the necessary level to trigger the W9G paperwork. This will not make the Tax Man happy.

[rascal]

This is not new. I sometimes play on a few $5 machines that are set for $1199 for a quad instead of $1250 to avoid the W2G. By the time you pay the tax and a small tip on the $1250 you are close to $1199 anyway, so I have no problem with this at all. Even with the streamlined jackpot pays most casinos offer nowadays, there is still a delay, so $1199 for a $5 quad is always my preference. That is just fine with me! (But I am sure the math geeks who play for every last 1/100th of a percentage point of return would scream about it.)
 
However, other than a low quad on $5 denomination, there aren't a lot of other areas where you could streamline to avoid the W2G delay. On DDB $1, the taxable jackpots are $2000 and $4000.
 
On $2, they are $1600, $4000, and $8000.
 
On $5, they are $1250, $2000, $4000, $10,000 and $20,000
 
Above $5 the jackpots are not close to the tax line, except for 10payFH on $25 denom, which is $1250 and for which I would GLADLY accept $1199 because a W2G is frustrating at FH levels.

[oej719]

But I am sure the math geeks who play for every last 1/100th of a percentage point of return would scream about it.
 
Rascal your quote above abou math geeks is a term Fa La La La La.... La la la la uses alot.
Are you a user of his play strategy and if so how does it work for you?
 
 

[rascal]

oej719:
 
I have mixed views on Fa La La La La.... La la la la (not his real name).
 
First, I doubt his results. He consistently refuses to allow others to verify his results except for some wild, pie-in-the-sky verification schemes he puts forward. His earnings record is, frankly, incredible because it is incredible --- not credible. Why, if he is everything he claims to be, would he not allow anyone to verify his results? He once said he could not play with anyone watching because it ruins his game, but then later on he wrote a column about he invited his extended family from back East to come to Vegas and watch him play for a day to see what he does for a living. So if he could allow his extended family to watch him for a day, why not allow an independent verification person to watch him? I have caught several other total contradictions/conflicts in his columns over the years.
 
I do know someone who watched him, although Fa La La La La.... La la la la was unaware of it. And during the period they watched him (this was at an Indian casino in Arizona) he had the same terrible luck that everyone else was having. Not only that, but he violated a few of his own rules.
 
So you can see why I have my doubts.
 
But...on the flip side of the coin, several parts of his system have worked for me. Progression through games and denominations have helped me  quite a bit, although I don't do it the same way Fa La La La La.... La la la la does it.
 
And what he writes about discipline is absolutely correct. They say "no foot, no horse," and the same is true with winning at VP. "No discipline, no win," is the absolute truth. You have to do what you said you were going to do. You have to have clearly established goals, both win and stop-loss. You have to have the ability to get up and leave. You have to have some sort of mental system that allows you to distance yourself from the excitement and the action long enough to take stock of where you are financially. Walking out having beaten the casino is very satisfying, whether you are up 5% or 500%, yet so many VP players just stuff all their winning right back in the machine. And, finally, his often repeated phrase, "Scared money never won a dime," is 100% correct.
 
So my long-winded answer to your question is, yes and no. Yes, I use a modified version of Fa La La La La.... La la la la's system somewhat; but no, I am not a 100% believer.
 
Dancer (not his real name either) is probably more truthful about what he does and what he wins, but his system is so boring and requires so many hours of banging away at a VP machine that I would rather watch grass grow. I thnk he is on this forum regularly, but it is his place, not mine, to identify himself if he so desires to.

[shadowman]

But I am sure the math geeks who play for every last 1/100th of a percentage point of return would scream about it.
 
Yes they would. The logic is inescapeable. ALL winnings are taxable whether you get a W2G or not. Why give up anything? In addition, if you're playing 1$ or 5$ VP you will end up with some W2Gs anyway so all it changes is how much you deduct as losses (and $51 less per quad).
 
Rascal your quote above abou math geeks is a term Fa La La La La.... La la la la uses alot.
Are you a user of his play strategy and if so how does it work for you?
 
 
Fa La La La La.... La la la la's strategies cannot and do not change the fact that all VP hands are independent random events. Therefore, there are only two possible conclusions. He is either very lucky of a blantant LIAR. I think it's pretty obvious the latter is much more likely.