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So I'm going out to vegas in two months, and the first thing me and my friend are going to do when we get to the Paris casino (where we are staying) is each put $100 (so $200 total) into a Double Diamond machine...what would you guys do, play 2 credits on the $1 machine, or 1 credit on the $5 machine? Keep in mind that on Double Diamond machines there is no extra payoff for betting max credits.....Right now, I'm leaning towards putting the $200 into the $5 machine and taking my chances that we hit something with a double diamond on it! What do you think? Any opinions?
It's just my opinion, but I'd take the $200 and run it through the $1 machine with a single bet - by getting 200 spins instead of 40, you'd get a few more chances to have a crack at the $800 jackpot. Of course, if it's the gamble and payoff your looking for, 40 spins for a chance at 4,000 isn't terrible either. It's called gambling for a reason...
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So I'm going out to vegas in two months, and the first thing me and my friend are going to do when we get to the Paris casino (where we are staying) is each put $100 (so $200 total) into a Double Diamond machine...what would you guys do, play 2 credits on the $1 machine, or 1 credit on the $5 machine? Keep in mind that on Double Diamond machines there is no extra payoff for betting max credits.....Right now, I'm leaning towards putting the $200 into the $5 machine and taking my chances that we hit something with a double diamond on it! What do you think? Any opinions?
The $5 is probably set to pay off at a higher rate, though for so comparatively few spins it won't matter much. Go for the $5 anyways. Why not be a higher roller.
So I'm going out to vegas in two months, and the first thing me and my friend are going to do when we get to the Paris casino (where we are staying) is each put $100 (so $200 total) into a Double Diamond machine...what would you guys do, play 2 credits on the $1 machine, or 1 credit on the $5 machine? Keep in mind that on Double Diamond machines there is no extra payoff for betting max credits.....Right now, I'm leaning towards putting the $200 into the $5 machine and taking my chances that we hit something with a double diamond on it! What do you think? Any opinions?
I don't know how much this matters to you, but with only 1 credit bet at $1 denomination, you can't hit a taxable jackpot--otherwise, you could. It's actually a major bummer to have to declare a big jackpot on your federal taxes and probably have to pay taxes on it. So I'd play 200 1-credit spins. That also has the benefit of giving you the most fun for your money.
Then again, maybe not.
It might bring you better comp value to play it on the $5 machine.
Then again, maybe not.
I think the actual comp rate would be based on the handle only, and it's the same in either case. But if a host were looking at discretionary comps, I would think that the $5 play would stand out in a helpful way. I think that's what it comes down to: whether any extra discretionary comps would outweigh the potential pain in the ass of dealing with w2gs - especially if the winnings are split 2 ways and only 1 person is filing the taxes.
I think the actual comp rate would be based on the handle only, and it's the same in either case. But if a host were looking at discretionary comps, I would think that the $5 play would stand out in a helpful way. I think that's what it comes down to: whether any extra discretionary comps would outweigh the potential pain in the ass of dealing with w2gs - especially if the winnings are split 2 ways and only 1 person is filing the taxes.
You might actually get less comps for the $5 machine action if the theo is lower (the machine pays better). The primary determinant of your rating will be coin-in, though. But that's kind of irrelevant--Paris is a Harrah's property, which means that amount of action will get you half a cup of comped coffee.BTW the Brunch buffet @ PLV is the best. I never miss it.
I don't know how much this matters to you, but with only 1 credit bet at $1 denomination, you can't hit a taxable jackpot--otherwise, you could. It's actually a major bummer to have to declare a big jackpot on your federal taxes and probably have to pay taxes on it. So I'd play 200 1-credit spins. That also has the benefit of giving you the most fun for your money.
Aren't winnings offset-able by losses up to the amount of the declared winnings? If you have a club card (at least for M and for Harrah's but I don't know about other companies), you can get a gross losses statement. It's a bummer because, in the moment, you lose the whatever percent, but at the end of the year, you can get it back (for smaller jackpots, anyways).
Not being a slots guy, I don't have much experience with taxable jackpots, but on all 3 occasions where I've won one, I've always been able to deduct losses up to the amounts. One year, though, I had to use gross losses rather than net.
Also, as far as earning comps, isn't it the total play you give rather than the initial buy-in that earns the comps? In that case, you'd want the machine with the higher payout (as if you wouldn't anyways) so, if you're wanting to play the original buy-in to either jackpot or zero, you'd want the denomination that pays out the best.
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I know that varies, but wasn't there another thread that calculated $1 as a better payout than $5?
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