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Video Poker 100 dollar video poker?

Discussion in 'Video Poker' started by Jbatc18, Mar 28, 2014.

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  1. Jbatc18

    Jbatc18 Newbie

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    If u play 100 dollar video poker, max bet of 500 bucks. Do u get hand paid on anything over 3 of a kind? Just curious.
     
  2. DeMoN2318

    DeMoN2318 The DERS

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    including 3 of a kind...
     
  3. bubbakitty

    bubbakitty native Texan; born and bred.

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    That is kinda weird (but probably not) as 1/3 of what you are "winning" is what you put in to play.....so if you win 1500 $.....you only actually "won" 1000 $......wow.....I would shy away....but that isn't a problem at my level anyway.....good question though......
     
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  4. TIMSPEED

    TIMSPEED !địt mẹ!

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    On a $100 Denom machine, you'll probably have a slot tech there with you, so they just turn the key and jot down the "jackpot" and you play on...I watched something similar in Harrahs Lake Tahoe last year (Except he was playing $1 100-play TDB)
     
    Palace Tower Suite!
  5. DonnyC

    DonnyC VIP Whale

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    That's foolish...you loose 33% to tax - unless you are Canadian as the lottery tax treaty should protect against that.
     
  6. Persistent Cat

    Persistent Cat Tourist

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    I think the Canadians get 30% taken off and can file to get it back. I believe it's the Brits and possibly other nationalities who are exempt.

    I've never won enough to know :eek:
     
  7. woodsie

    woodsie Low-Roller

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    You can offset with losses which should be plenty. That said, the moment casino gambling becomes an ongoing accounting exercise, I'm done with it or rolling back to lower limits.
     
  8. SandsFan

    SandsFan VIP Whale

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    I don't know.............for me, the aces with kicker on $5 DDB I got at Harrahs Reno this week makes the accounting exercise worthwhile.
     
  9. Kickin

    Kickin Flea

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    Not only will you get a shitload of W-2Gs on a $100 machine, you may not even get a great paytable!

    I think I took this at PH last summer....

    [​IMG]
     
  10. DonnyC

    DonnyC VIP Whale

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    If your a Canadian you don't have to offset it. You should just file to get it back.

    For those that have to try to offset it, the issue is proving how much you actually lost.
     
  11. RiddickBull

    RiddickBull VIP Whale

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    The problem with high stakes slot is the w2-g your ass.

    I've been a fan of such slots over my last few trips. Winning 15 credits on a $100 pull machine equals a w2-g.

    It's exciting tho...
     
  12. AndyAkeko

    AndyAkeko Time magazine's 2006 Person of the Year

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    As a Canadian who works with the Canada-U.S. tax treaty on a weekly basis, I assure you there is no treaty protection on gambling winnings. We get 30% in non-resident withholding tax taken off. We have the option of filing a 1040-NR tax return and apply the same rules as U.S. residents regarding expenses against gambling winnings, but if we win more than we lose after expenses in a calendar year, we won't get the full 30% back.

    The plus side is we don't have to report the income on our Canadian tax returns, as gambling winnings are non-taxable in Canada... even for non-residents.
     
  13. Jbatc18

    Jbatc18 Newbie

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    Thanks everyone...like I said, I was just curious. Playing some video poker on my ipad and got it up high enough to play 100 dollar vp.....hopefully one day I'll be able to really play that...lol............kickin: not good to see pay 70 bucks on a 100 dollar machine..lol. Someone got their room and food paid for..bahahaha
     
  14. DonnyC

    DonnyC VIP Whale

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    My accountant - wife - has confirmed this. I misunderstood the non taxable as meaning you get to keep it all.
     
  15. SandsFan

    SandsFan VIP Whale

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    During a Dec trip to rio, we got ahead and decided to try the $100 WOF slot. Didn't hit anything but it was fun trying. Still haven't tried a $100 VP machine
     
  16. mrstealth

    mrstealth High-Roller

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    NO - NO - NO - this is not how it works. When playing these higher denomination games (whether it is VP or super high dollar slots) there is a casino employee (usually a slot host) that stands behind you during your session and records the taxable Wins. Then at the conclusion of your session they enter the information and give you 1, combined W-2 form for that entire session. The only time the machine stops is with the bigger quads or jackpots that require a hand pay.
     
  17. sindustry

    sindustry VIP Whale

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    I have yet to have someone stay with me while playing $25 and $100 slots in the HL rooms. I often take a detour into the Bellagio, Aria, Cosmo, Mirage, and MGM Grand HL slot rooms and take a few shots at these slots. I have gotten many hand pays and the machines always stops. When they come over, they will always ask if I want to keep playing, which I always say no. They then take my ID and come back with cash and w2g. I have never played long enough to get more than one hand pay in the same session, so perhaps they do let it roll for those that are playing for the long haul. For my hit and runs, no one ever folows me or stands behind me. I would never want anyone to stay behind me the whole time either.
     
  18. BayouBengal

    BayouBengal VIP Whale

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    So a slot tech basically sitting over your shoulder, sounds like a hassle. I hate having people watch over my shoulder when gambling.
     
  19. RiddickBull

    RiddickBull VIP Whale

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    This has never happened to me in the HL slots room. In my experience, I only see an attendant when the machine says get attendant after winning over $1200.
     
  20. Rush

    Rush High-Roller

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    Side bar:


    I was at Caesars with a friend back in the 90's. We walked past a $100 slot and decided we should give it one pull, just to say we had done it. Well, back then, when you put your money in a machine, it "rang up" your credits. (You old dogs know what I'm talking about) We were used to playing quarters, and some dollars at that time, so when you plopped a hundred in a machine, it would take a little while to "ring up" those credits.

    You can't imagine the sinking feeling of sticking a hundred dollar bill into a machine and hearing the "ring up" go.........."Ting!" :vomit:

    One push later, and our story was done! :cry:
     
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