Pros playing for progressive at Bellagio

[notes1]

However, he stated that 2015 was the only year or the second year out of the 19 years he has played where he has to declare himself a net winner to the IRS and owes tax payments. The $100k royal has a lot to do with it, since he just plays a few of that $25 and hit. That is the biggest point of FloridaPhil's theory.
.
  as i stated in my post and as he stated on 01/02/15, he does not have any winning/profitable years and the $100k was too little/too late to offset the previous 9 months of gambling. again, posts of big wins means nothing.  

[BobDancer]

I received an email from a stranger yesterday asking me if I was interested in playing a $25 machine in Vegas with a $2,000/hour EV. Might have been the game at Bellagio. If the 8/5 Bonus royal was high enough, it could reach that hourly EV.I passed. Had I known and trusted the person on the email and there were others sharing the machines (i.e. I play from noon to 6, Joe plays from 6 to midnight, Mary plays . . . etc.) and we share the royal based on personal coin-in --- I would have been interested. Assuming you can trust your teammates (I know most of the big players in Vegas), this would be a sweet play with a guaranteed profit. You can quote P T Barnum all you want --- this was a good deal!(Maybe we could find a sucker to play CS strategy on the machine --- driving up the jackpot with no chance to collect the progressive! Oh, where is FP when we really need him?)

[alpax]

[QUOTE=alpax]
However, he stated that 2015 was the only year or the second year out of the 19 years he has played where he has to declare himself a net winner to the IRS and owes tax payments. The $100k royal has a lot to do with it, since he just plays a few of that $25 and hit. That is the biggest point of FloridaPhil's theory.
.
  as i stated in my post and as he stated on 01/02/15, he does not have any winning/profitable years and the $100k was too little/too late to offset the previous 9 months of gambling. again, posts of big wins means nothing.  [/QUOTE]

I read the "he posted that he still lost money at VP this year and has never had a year, where he ended net positive" part, hence it was the reason I brought up the 2015 year. Agreed with you without a doubt that Mr. Mendelson is net negative in his lifetime, but he has the income not many people have to deal with that kind of losing. Though the $100k royal will not put him out of the red, it has some merit as an achievement in his personal hobby with VP, albeit a very costly one.

I received an email from a stranger yesterday asking me if I was interested in playing a $25 machine in Vegas with a $2,000/hour EV. Might have been the game at Bellagio. If the 8/5 Bonus royal was high enough, it could reach that hourly EV.I passed. Had I known and trusted the person on the email and there were others sharing the machines (i.e. I play from noon to 6, Joe plays from 6 to midnight, Mary plays . . . etc.) and we share the royal based on personal coin-in --- I would have been interested. Assuming you can trust your teammates (I know most of the big players in Vegas), this would be a sweet play with a guaranteed profit. You can quote P T Barnum all you want --- this was a good deal!(Maybe we could find a sucker to play CS strategy on the machine --- driving up the jackpot with no chance to collect the progressive! Oh, where is FP when we really need him?)



Not aware with your status with MGM since the Million Dollar VP days, if you were reinstated on MGM properties or the mLife players club to even consider playing one hand on this opportunity. Then again, the $2 million bankroll needed to play $25 games you mentioned in the past will just about scare off anybody.

Believe it or not, there has been a recent report (a past thread) about a sucker who hit a one-coin royal flush on a $5 progressive at the Bellagio. I understand the sarcasm, but I think FP is much smarter than that.

*I think I get it, FP mentioned CS outside of the Recreational Forum yesterday.

[notes1]

 I read the "he posted that he still lost money at VP this year and has never had a year, where he ended net positive" part, hence it was the reason I brought up the 2015 year. Agreed with you without a doubt that Mr. Mendelson is net negative in his lifetime, but he has the income not many people have to deal with that kind of losing. Though the $100k royal will not put him out of the red, it has some merit as an achievement in his personal hobby with VP, albeit a very costly one.
.
 as i originally stated;-he has never had a winning year-even after a number of large wins, still lost in 2015pictures of big wins mean nothing it might surprise you the income levels and net worh of some posters. the amount one bets is no more an indicator of one's financial situation than the type of car they drive or the home they live in. symbols of wealth can be very misleading.

[alpax]

 as i originally stated;-he has never had a winning year-even after a number of large wins, still lost in 2015pictures of big wins mean nothing it might surprise you the income levels and net worh of some posters. the amount one bets is no more an indicator of one's financial situation than the type of car they drive or the home they live in. symbols of wealth can be very misleading.

I might have missed it with all the constant bickering going on over there with regards to what Mendelson does in his gambling hobby after those wins. He has not explicitly declared himself a winner which might means something.

One thing that does stink is that winners have to pony up taxes if they cannot prove their losses for the year exceed the winnings. It is none of my business to find out anyone's tax filings, although that is a hot topic over there.

The denomination part can indeed be misleading. FP does stand by 100% advocating playing cheap, but he recently stated spending 40k for a kitchen makeover. The budget would let him play VP for years, but definitely a good example where one's playstyle does not reflect their wealth.

I know for a fact after paying off expenses for living necessities and saving up a reasonable amount a month. Fitting in $5 VP is just not easy for the average person. Mendelson plays it often enough for me to believe he is more well off than most.

[FloridaPhil]

[quote=Bob Dancer](Maybe we could find a sucker to play CS strategy on the
machine --- driving up the jackpot with no chance to collect the
progressive! Oh, where is FP when we really need him?)[/quote]You wouldn't be laughing if I played CS and hit the jackpot...  Glad to have you back.  I was getting bored without your always entertaining comments. CS was not created to play progressives.  If you're fool enough to dump hundreds of thousands of dollars into a slot machine, by all means play max coins.

[olds442jetaway]

[QUOTE=alpax] I read the "he posted that he still lost money at VP this year and has never had a year, where he ended net positive" part, hence it was the reason I brought up the 2015 year. Agreed with you without a doubt that Mr. Mendelson is net negative in his lifetime, but he has the income not many people have to deal with that kind of losing. Though the $100k royal will not put him out of the red, it has some merit as an achievement in his personal hobby with VP, albeit a very costly one.
.
 as i originally stated;-he has never had a winning year-even after a number of large wins, still lost in 2015pictures of big wins mean nothing it might surprise you the income levels and net worh of some posters. the amount one bets is no more an indicator of one's financial situation than the type of car they drive or the home they live in. symbols of wealth can be very misleading.[/QUOTE]

     And just as one example Yogi Berra drove a Chevy Corvair, Ford Escort, and even a Ford Pinto. He was no Donald Trump, but could have pretty much afforded almost any new car on the market.

[FAA]

Olds, the car dealerships would have fought each other tooth and nail to comp Berra a lease to any ride of his choosing.

[DaBurglar]

all this is contingent on actually hitting the royal.....I mean, playing in teams and shifts and what not does nothing to increase the likelihood of the royal actually being hit.....it could happen at anytime or not at all when a team (with or without the great B. Dancer) stakes out the machine.     Its still GAMBLING.....although no one bothered to discuss or divulge the other aspects of playing this Bellagio Progressive, such as the particulars of the slot club/players club, comps earned and at what rate, etc.The notion of specific Bankrolls being "SUFFICIENT" to play on specific machine at specific denominations is also a thing of the past......the games today, with the super-duper fast RNG and seeding and what not, make it very sketchy to "guaranty" a person will not go BUST with large bankrolls.    Casinos saw to that ......

[FAA]

It takes teamwork to make the dream work!
That said, many a dream team has come up short.
Even the Yankees lost in 1955.