Slot Pull Questions

[Ronaldo807]

We are looking at organizing a slot pull and had a few questions that hopefully the group can assist with.

 

In terms of working with the casino host, how do you get in contact with them before the cruise? Or can you only get in contact with them onboard? Are they available upon boarding or only once the casino opens? Do they typically proactively offer freebies or do you need to ask for them? What participation do they have in the actual event?

 

I understand that taxes are reported if you hit a payout exceeding $1,199, but does the slot pull stop at that point to get paid out? Or do you continue play until the slot pull is over and then figure out the tax reporting? If it's stopped at that point and paid out immediately, do you then deduct the 24% for taxes and put everything else back into the machine to continue play? Do they figure the 24% strictly on the total win, or do they factor in the profit? Do they withhold for you or just provide the tax reporting form?

 

What's your best game to hopefully win big on with $5 max bets?

[Baron Barracuda]

You're a real optimist.  Been in quite a few slot pulls and don't recall a single pull winning more than $100.  Couple of suggestions to help event run smoothly:

1.  Have a signup sheet and collect all cash in advance.

2.  Feed all cash into machine up front and then call each person up for their spins

2.  Don't allow anyone to sign up after event has begun.  Prevents people from jumping in late if group is winning.

3.  Avoid progressive slot machines.  Feeding the progressive pot results in smaller / less frequent wins.

4.  Try to manage final pot to a number that's evenly divisible among players.  One way is having your "big winners" burn off extra spins. 

[Wineaux007]

37 minutes ago, Baron Barracuda said:

You're a real optimist.  Been in quite a few slot pulls and don't recall a single pull winning more than $100.  Couple of suggestions to help event run smoothly:

1.  Have a signup sheet and collect all cash in advance.

2.  Feed all cash into machine up front and then call each person up for their spins

2.  Don't allow anyone to sign up after event has begun.  Prevents people from jumping in late if group is winning.

3.  Avoid progressive slot machines.  Feeding the progressive pot results in smaller / less frequent wins.

4.  Try to manage final pot to a number that's evenly divisible among players.  One way is having your "big winners" burn off extra spins. 

After dividing the winnings, round down to the even dollar, and all the change goes to the person with the highest spin.

[Ronaldo807]

2 hours ago, Baron Barracuda said:

You're a real optimist.  Been in quite a few slot pulls and don't recall a single pull winning more than $100.  Couple of suggestions to help event run smoothly:

1.  Have a signup sheet and collect all cash in advance.

2.  Feed all cash into machine up front and then call each person up for their spins

2.  Don't allow anyone to sign up after event has begun.  Prevents people from jumping in late if group is winning.

3.  Avoid progressive slot machines.  Feeding the progressive pot results in smaller / less frequent wins.

4.  Try to manage final pot to a number that's evenly divisible among players.  One way is having your "big winners" burn off extra spins. 

Haha, I'm an optimistic realist and a planner so just preparing for any scenario. I did have some of those other rules down, but thank you for the other suggestions. 

[Ronaldo807]

1 hour ago, Wineaux007 said:

After dividing the winnings, round down to the even dollar, and all the change goes to the person with the highest spin.

Great idea

[flamingos]

I've only participated in one slot pull, and there was some dissension among the ranks because the organizers used their card and got all the casino points.  I do not know what the protocol is for that.

[molly361]

7 minutes ago, flamingos said:

I've only participated in one slot pull, and there was some dissension among the ranks because the organizers used their card and got all the casino points.  I do not know what the protocol is for that.

They do all the organizing. I see no problem with that