Milking Free Play

[MisterV]

It is true I have had many w2gs... last year over 750k. This can be offset but I don’t file. I haven’t filed in 20 years. I don’t own anything. It’s not hard to use rat holes or just hide cash. I currently have a combined bankroll close to 900k cash. That doesn’t count possessions like guns and other valuables.

Monet, why haven't you filed tax returns for twenty years?

What, did you just wake up one morning and say "Fuck the feds, from now on I'm bad to the bone?"

Also you say in one breath that "I don't own anything," but in the next breath contradict yourself by saying you own "a combined bankroll close to 900k cash. That doesn’t count possessions like guns and other valuables."

For a guy worth a million or so it would be hard to explain to a jury that you "don't own anything."

FWIW I enjoy reading your informative posts, keep em coming, but when you say really stupid shit I will call you out: just the way it is.

[blackhole]

Lmfao...I’m sure Blackhole shares a similar story

Like I said ... NOTHING absolutely NOTHING

[Keystone]

Lmfao...I’m sure Blackhole shares a similar story

Like I said ... NOTHING absolutely NOTHING

Perhaps...but then again, I’m not some 70 something bozo on the internet all day long getting knots in my stomach over some 20 something year old (KJ) that claims he makes a living gambling...must be a rich life

[blackhole]

Yep ... NOTHING

[monet]

It is true I have had many w2gs... last year over 750k. This can be offset but I don’t file. I haven’t filed in 20 years. I don’t own anything. It’s not hard to use rat holes or just hide cash. I currently have a combined bankroll close to 900k cash. That doesn’t count possessions like guns and other valuables.

Monet, why haven't you filed tax returns for twenty years?

What, did you just wake up one morning and say "Fuck the feds, from now on I'm bad to the bone?"

Also you say in one breath that "I don't own anything," but in the next breath contradict yourself by saying you own "a combined bankroll close to 900k cash. That doesn’t count possessions like guns and other valuables."

For a guy worth a million or so it would be hard to explain to a jury that you "don't own anything."

FWIW I enjoy reading your informative posts, keep em coming, but when you say really stupid shit I will call you out: just the way it is.

How hard is it to understand that you can have cash and possessions and not have it on paper? Do you think prostitutes, drug dealers, pimps, professional thieves, poker players, mafia guys, pirates... etc etc file tax returns and don't own things? Do you not know people run Ponzi schemes worth millions and billions without having problems for 20+ years. As always I keep things real in my posts but you honest Abe's don't understand how things work on the fringes or in the underworld of society. It is ok and it is clear that my honesty and information isn't welcome on these boards so I am trying to discontinue my participation.

[Rob.Singer]

I would say that it's a tad bit too late for you to simply "disappear" after making statements about how you and your wife are committing tax fraud and other felonies.

For your sake I hope you've been telling tall tales.

[LarryS]

what if he is telling the truth....what do you think is going to happen to him. Do you think that through this board he can be located? He is pretty small potatos when it comes to tax evasion.

Am I shocked that APS dont pay taxes or dont pay their required share? Nope. Oh yeah KJ and Axel crow that they pay their taxes.....but I dont buy that at all. Monet is very real in what I expect.

Heck, I wouldnt pay my expected share either....if I could easily get away with it. People who get paid by corporations like myself are an open book. But people who own their own business do not pay their fair share. It goes on all around

There is a chines restaurant near me that I frequent for take-out. They have a cash register that is basically no better than a cigar box. There is no electronic record of cash exchanged at that place. Credit card sales are transparent.....however cash sales are invisible to the tax man.

Just like AP cash wins are invisible to the tax man.

[MaxPen]

It is ok and it is clear that my honesty and information isn't welcome on these boards so I am trying to discontinue my participation.

Tried to tell you that it wouldn't be appreciated when you started. Glad to see you coming to the same realization. You gave these fools a road map to an easy 40-50k per year and they spit in your face. People are generally fucked up.

[jbjb]

It is ok and it is clear that my honesty and information isn't welcome on these boards so I am trying to discontinue my participation.

Tried to tell you that it wouldn't be appreciated when you started. Glad to see you coming to the same realization. You gave these fools a road map to an easy 40-50k per year and they spit in your face. People are generally fucked up.

You have to remember, these guys think they can create $100,000 royals at will by losing and moving up in denomination. $40-$50k is just pocket change to them.

[monet]

It is ok and it is clear that my honesty and information isn't welcome on these boards so I am trying to discontinue my participation.

Tried to tell you that it wouldn't be appreciated when you started. Glad to see you coming to the same realization. You gave these fools a road map to an easy 40-50k per year and they spit in your face. People are generally fucked up.

I was wrong... you were right. Your the best... I'm the worst. Your very good looking... I'm not so attractive.

In my defense I did say nobody would really use the information or believe it. I am pretty much out of stories and gambling information to share. Hopefully someone got some use out of the mailer information and if not maybe they got some entertainment value. The forum turned ugly in the last week but I never preached that I was a good honest person. I always preached that I'm a bad guy doing bad things but these guys are too moral and straight for me to have serious conversations of how things work in Vegas for some of us. I know over 20 players doing the same things I do but it doesn't make sense to these board members as you told me months ago. I told my stories and life and I'm done with it for the most part.

At least the players I met up with got some freebies from me and some advice was shared which is more than I expected in the first place.

[Alan Mendelson]

Getting back to my original post...

What percentage of your actual monthly coin-in should you expect to see in free play offers? And once you ONLY use the free play and NONE of your own money how long will those mailers continue?

[MaxPen]

You have to remember, these guys think they can create $100,000 royals at will by losing and moving up in denomination. $40-$50k is just pocket change to them.

[jbjb]

Getting back to my original post...

What percentage of your actual monthly coin-in should you expect to see in free play offers? And once you ONLY use the free play and NONE of your own money how long will those mailers continue?

In all seriousness, it's going to depend on a lot of factors like location, playing level, types of games played. It just one of those things you have to figure out. As much as you've put through at Caesars, I'm surprised you haven't an idea how theirs works.

[monet]

Getting back to my original post...

What percentage of your actual monthly coin-in should you expect to see in free play offers? And once you ONLY use the free play and NONE of your own money how long will those mailers continue?

I can't help you anymore. jbjb is correct... it's different for every Casino and things change on a dime. Sometimes all of a sudden at a casino I will put in 100k and that generates 1500 in free play but for some reason all of a sudden marketing goes crazy and starts sending me 4K in free play for months.

I wrote 6 pages of current mailer conditions inside of 15 Las Vegas casinos. I also broke down a few reel machines that are massive winners. I honestly do not know how this board still can ask the questions you are asking? I even posted some pictures of my mailers to help... what else can I do? Do I have to wheel you guys around town and bankroll you all and play the machines for you. I put this information on a silver platter for all to read and you still don't understand? I'm so done with it.

[MisterV]

Monet, I get it that lots of people don't file tax returns and they don't get caught; could be that most of them left little paper trail which the IRS could use against them.

Like over $700K of W-2G's for last year alone, presumably in your real name and showing your real social security number.

I assume you've done something like that continuously for the past twenty years.

Did it never occur to you that the IRS would catch the discrepancy and then then follow up?

They have lots of W-2G's in your name and SSN but no returns to match them against?

Ding ding ding.

They actively look for errors like this.

Anyway, good luck, I fear you'll need it.

[RS__]

Getting back to my original post...

What percentage of your actual monthly coin-in should you expect to see in free play offers? And once you ONLY use the free play and NONE of your own money how long will those mailers continue?

Everywhere, generally speaking, is different. On top of that, a place’s marketing might change suddenly. Maybe it used to be awful but now it’s awesome or vice versa.

I’ve had casinos that send out a small amount at a time, but you get it for like a year. Pretty tough to make that “worth it” or “playable”. Some will cut you off after doing just 1-3 pickups without additional play. Most are somewhere in between.

The % is very different, too. Some places you might get 1-2% back over 2-3 months, others you might get 20%+ back over 2-3 months.



Like most of the time you’re asking questions about this stuff, it seems like you’re not really interested in any of this and just asking questions to ask questions hoping to find a “gotcha” moment.

[Alan Mendelson]

Getting back to my original post...

What percentage of your actual monthly coin-in should you expect to see in free play offers? And once you ONLY use the free play and NONE of your own money how long will those mailers continue?

In all seriousness, it's going to depend on a lot of factors like location, playing level, types of games played. It just one of those things you have to figure out. As much as you've put through at Caesars, I'm surprised you haven't an idea how theirs works.

Actually I have an idea from my experience at Caesars, Rincon, Pechanga, Sam's Town, Red Rock.

My experience is the free play offers are worth less than one-tenth of 1% of your play or coin-in.

At Caesars to reach 7 Stars you need 150,000 points and you get one point for each $10 of coin in at video poker. That's $1.5-million of coin in. My free play offers totaled about $2400 per year. You do the math.

What chance do I possibly have using $2400 of free play (and no other money out of my own pocket) to keep these free play offers coming?

I've never known any casino to give you free play worth more than one-tenth of one percent of your actual play. So no matter how many different cards you're playing on how can you possibly extend the free play run without opening your own wallet?

[jbjb]

Yeah, that's pretty shitty for that amount of play.

[monet]

Ok RS is correct. I can admit when he is 100% correct. Alan isn't asking this question to learn or use or understand the information. He is just trying to get the gotcha moment. He is making a huge mistake playing with CET and Boyd. Everyone playing machines knows they are horrible for mailers. You have to play with every Casino in town to find the better mailers and it helps to talk to other APs who will share what they are currently getting. I tried to do this with this forum publicly and I guess it was pointless and the APs that gave me strife about talking about plays deserve an apology from me so... I'm sorry.

[Alan Mendelson]

I also play at Red Rock. The MAXIMUM free play for table games is $75 per week no matter how big a player you are.

Let's say I buy in for $300 a day and play 20 days a month. That's $6,000 of buy ins. That $75 represents about one-half of one percent for the month. Those are REAL numbers provided to me by casino management.

Where do you see big percentage free play offers? Monet you showed us mailers with free play offers but you didn't tell us the amounts played.

RS always has claims like 20% and you expect me to accept that without question?