Sunday, January 3, 2010

Controling Slot Play

I have won over $3,000.00 in one week playing video poker, $5 slots, $1 slot machines and Multi-Line penny slots. And all tax free, because my wins were $400 and $500 at a time. If you hit a jackpot for more than $1,199.00 (standard for Federal Tax, local and state tax may vary), then you are required to pay taxes on your winnings. I found that if I discipline myself, I can cash out at 4 or 5 hundred dollars, place another bill (20, 50 or 100) in the machine and play again. There are two reasons for doing this; One, it helps to slow down and control losses. Two, you are less likely to put the extra money you just won back into the same machine. If you really want to be a winner at the casino than you must have discipline.

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