The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Ann Coulter's Theory: Paddock was laundering illegal money through gambling (lin
Poast new message in this thread
Date: October 11th, 2017 5:07 PM Author: Sadistic hell generalized bond http://www.anncoulter.com/columns/2017-10-11.html#read_more MEDIA BEGGING US FOR CONSPIRACY THEORIES ON LAS VEGAS
Now the media are just taunting us with their tall tales about Stephen Paddock, the alleged Las Vegas shooter. Reputedly serious news organizations are claiming that he made a living playing video poker. That's like claiming someone made a living smoking crack.
The media are either doing PR for the gambling industry or they don't want anyone considering the possibility that Paddock was using gambling to launder money.
NBC News reports, with a straight face: "Las Vegas gunman earned millions as a gambler." A Los Angeles Times article is headlined, "In the solitary world of video poker, Stephen Paddock knew how to win." The story says that Paddock's gambling "was at least a steady income over a period of years."
I don't know all the ins and outs of Paddock's life, but that's a lie.
How do reporters imagine casino owners make a living? Any ideas on how all those glorious lobbies, lights, pools and fountains are paid for? How do they think Sheldon Adelson and Steve Wynn became billionaires if gambling is a winning proposition for people like Paddock -- and therefore, by definition, a losing proposition for the casinos?
The media think about money the way Democrats do. They have absolutely no conception of where it originates. Those casino owners sure are generous! reporters think to themselves. Economist Thomas Sowell is always ridiculing journalists for not understanding basic economics. It turns out, they don't understand the spreadsheet of a lemonade stand.
The New York Times explained that the "top" video poker machines pay out 99.17 percent. That's great that Paddock was only losing cents on the dollar (if true), but it's still losing. The Times quickly explained that he could have more than made up his losses with all the "comps" -- the free rooms, meals and "50-year-old port that costs $500 a glass," as his brother Eric said.
AD FEEDBACK
Gamblers who are beating the house are not given $500 glasses of port. Refer to the profit/loss spreadsheet. And yet, according to his brother, Paddock was treated like royalty by the casinos. Which means he was losing.
Apart from outright theft, the only way to have an advantage over the casino is by card-counting. That's not cheating and it doesn't guarantee a win. It merely allows the gambler to make a more educated guess as each card is played, thereby tilting the odds ever so slightly in his favor. Still, if the casinos suspect a customer is counting cards, he will be promptly escorted off the premises.
And counting cards only helps with blackjack. Paddock's game of choice was VIDEO POKER. That's a computer! It's programmed to ensure the house wins. Not all the time, but at least often enough to make casino owners multibillionaires. Anyone who plays video poker over an extended period of time will absolutely, 100 percent, by basic logic, end up a net loser.
So why are the media insistent that Paddock was getting rich by playing video poker?
I don't know what happened -- and, apparently, neither do the cops -- but it's kind of odd that we keep being told things that aren't true about the Las Vegas massacre, from the basic timeline to this weird insistence that Paddock made a good living at gambling.
The most likely explanation is that the reporters and investigators are incompetent nitwits. But the changing facts from law enforcement and preposterous lies from the press aren't doing a lot to tamp down alternative theories of the crime.
Among the questions not being asked by our wildly incurious media:
Why would Paddock unload 200 rounds into the hallway at a security guard who was checking on someone else's room before beginning his massacre?
How can it possibly take eight days to figure out when the alleged shooter checked into the hotel?
Why was Paddock wearing gloves if he was about to commit suicide?
Have any other solitary mass shooters ever had girlfriends?
If Paddock wasn't making money on video poker -- and he wasn't -- why would he be cycling millions of dollars through a casino, turning every dollar into, at best, 99 cents?
Maybe Paddock enjoyed video poker. But if the allegedly serious media are going to keep telling us he was making a living doing it, they're just begging us to say that losing a percent or two on millions of dollars doesn't make sense as an investment strategy, but it does make sense as a money laundering operation.
And the probable illicit business requiring money to be laundered that leaps out at us in Paddock's case is illegal gun sales. If true, it would not only explain the arsenal in his hotel room, but also raises the possibility of either an accomplice or different perpetrator altogether.
If this were a movie script, a terrorist would go to Paddock's room on the pretense of buying guns, kill Paddock, commit the massacre, put his gunshot residue-covered gloves on Paddock's dead hands and slip out of the room when the coast was clear.
According to the all-new timeline given by the Las Vegas police -- pending a third revision -- this is at least possible. The hallway was empty, except for a bleeding security guard down by the elevators, for at least two minutes after the shooting stopped. The stairwell was clear for more than half an hour. It also explains the gloves.
There's no evidence for any of this, but on the other hand, there's no evidence for the version the media are giving us. At least the movie script version doesn't require us to pretend that Paddock was making "millions" from video poker. |
 |
Date: October 12th, 2017 5:14 PM Author: misunderstood laughsome twinkling uncleanness https://www.americancasinoguide.com/video-poker/interview-with-a-professional-video-poker-player.html
Some people do claim it's possible, though not to the level of the lifestyle he achieved perhaps. |
Date: October 11th, 2017 5:09 PM Author: Onyx double fault "the free rooms, meals and "50-year-old port that costs $500 a glass," as his brother Eric said."
LJL |
|
Date: October 11th, 2017 6:29 PM Author: Beady-eyed forum Lol at him quoting training day (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419424) |
|
Date: October 11th, 2017 5:11 PM Author: floppy rigor xo Ann
lawman8 = vindicated |
|
Date: October 11th, 2017 5:12 PM Author: medicated public bath it's not a bad theory at this point, throw in a little fbi involvement and you've got something interesting (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418839) |
|
Date: October 11th, 2017 5:14 PM Author: Sadistic hell generalized bond also the story about Paddock's home being broken into. oops (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418846) |
|
Date: October 11th, 2017 5:16 PM Author: medicated public bath sorry the guys must have been looking at something shiny across the street, hehe (fbi) (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418857) |
|
Date: October 11th, 2017 5:16 PM Author: Ivory big theater 1. FBI conspires to kill a bunch of people in Vegas
2. ????
3. P-profit? |
|
Date: October 11th, 2017 5:18 PM Author: medicated public bath no, but they're either running/have turned Paddock either on some prior deal or this one and are trying to use him to connect with extremists (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418870) |
|
Date: October 11th, 2017 5:16 PM Author: Adventurous azn knife It's pretty obvious this is right (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418852) |
|
Date: October 11th, 2017 5:26 PM Author: yellow motley coldplay fan (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418946) |
|
Date: October 11th, 2017 5:32 PM Author: yellow motley coldplay fan Wasn't he playing poker online? Isn't that against other irl people? Not that that helps. But are we really supposed to believe he was some video poker savant? Because that's straight up stupid. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34418988) |
|
Date: October 11th, 2017 5:40 PM Author: balding lascivious sanctuary his favorite game was video poker on those machines, not online. His brother said that he always used his casino card so he would get the points. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419051) |
|
Date: October 11th, 2017 5:41 PM Author: yellow motley coldplay fan Yeah that makes no sense. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419059) |
|
Date: October 11th, 2017 5:39 PM Author: excitant blue pit son of senegal that brother is getting way too much airtime out of this (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419041) |
|
Date: October 11th, 2017 5:47 PM Author: yellow motley coldplay fan Odds he ends up in an unfortunate accident? (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419112) |
|
Date: October 11th, 2017 7:15 PM Author: excitant blue pit son of senegal hope he does. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419790) |
|
Date: October 11th, 2017 5:41 PM Author: dashing site foreskin So this dumb bitch doesnt believe people make money gambling is basically the argument? (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419057) |
|
Date: October 11th, 2017 5:42 PM Author: yellow motley coldplay fan Zero chance they do at video poker. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419066) |
|
Date: October 11th, 2017 5:43 PM Author: dashing site foreskin ZERO Chance. Youre also dumb. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419072) |
|
Date: October 11th, 2017 5:48 PM Author: yellow motley coldplay fan Virtually, yes. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419116) |
|
Date: October 11th, 2017 6:13 PM Author: Cyan glittery senate If they play once and win and leave - yes.
If they are playing for years and years - pretty much zero, and by design. |
|
Date: October 11th, 2017 6:35 PM Author: exciting flirting black woman jew let the record note the pumo said "ZERO chance" in a sarcastic tone, indicating he actually believes anyone can beat video poker in the long run (you can't) (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419484) |
|
Date: October 11th, 2017 8:04 PM Author: Arrogant irate stage About the same odds as monkeys randomly typing the complete works of Shakespeare. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420200) |
|
Date: October 11th, 2017 5:43 PM Author: excitant blue pit son of senegal are you the 1600 gre pumo? (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419074) |
|
Date: October 11th, 2017 5:43 PM Author: Histrionic maroon regret ape She believes people don't slowly make millions of dollars over a few years playing video poker in a casino.
Do you disagree? |
|
Date: October 11th, 2017 5:45 PM Author: dashing site foreskin Yes i disagree whole heartedly. There are communities of hundreds to thousands of people who make that much money doing exactly that.
Do you disagree internet TTT lawyersiterally made hundreds of grand on crypto currency since April? |
|
Date: October 11th, 2017 6:04 PM Author: Sadistic hell generalized bond is this true? I would like to join this community and quit being a wagecuck (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419202) |
|
Date: October 11th, 2017 6:05 PM Author: White aromatic field boistinker I hear they have an opening! (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419217) |
|
Date: October 11th, 2017 10:29 PM Author: bright library (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421131) |
|
Date: October 11th, 2017 10:40 PM Author: Titillating sex offender meetinghouse (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421237) |
|
Date: October 11th, 2017 6:07 PM Author: yellow motley coldplay fan Absolutely, guys at my high school... (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419232) |
|
Date: October 11th, 2017 6:28 PM Author: Translucent tantric party of the first part I'm offering an 8 DVD seminar on how YOU can get rich through video poker. I will teach YOU all the secrets of video poker pros that the casino "fat cats" don't want YOU to know, for only $2,000 if you buy within 30 minutes after this poast is made. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419416) |
|
Date: October 11th, 2017 6:29 PM Author: Cyan glittery senate (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419423) |
|
Date: October 11th, 2017 6:36 PM Author: White aromatic field boistinker (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419491) |
|
Date: October 11th, 2017 6:04 PM Author: pontificating candlestick maker clown the only community doing that is sheldon adelson, bill boyd, michael gaughan, frank fertitta, and steve wynn.
|
|
Date: October 11th, 2017 6:05 PM Author: White aromatic field boistinker GOD DAMN IT, your response was a billion times better than mine. Much better and more succinctly stated. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419213) |
|
Date: October 11th, 2017 6:08 PM Author: yellow motley coldplay fan (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419246) |
|
Date: October 11th, 2017 6:29 PM Author: Cyan glittery senate (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419425) |
|
Date: October 11th, 2017 6:05 PM Author: White aromatic field boistinker JFC. If there was ACTUALLY a community of hundreds to thousands people making millions playing video poker, the casinos would patch the software overnight or just remove the goddamn machines. If someone found some sort of glitch in the software that allowed consistent winning, he wouldn't be spreading the secret to his bros on the internet. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419209) |
|
Date: October 11th, 2017 6:06 PM Author: Sadistic hell generalized bond but us lawyerfags made thousands from crypto (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419219) |
|
Date: October 11th, 2017 6:07 PM Author: White aromatic field boistinker Please state your IQ before I engage you further. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419231) |
|
Date: October 11th, 2017 6:14 PM Author: Sadistic hell generalized bond i'm mocking the op (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419289) |
|
Date: October 11th, 2017 6:23 PM Author: dashing site foreskin Ok, well there are people who make a lot of money playing video poker as with all other casino games. Dont know what else to tell you. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419379) |
|
Date: October 11th, 2017 6:25 PM Author: Sadistic hell generalized bond communities of people even (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419388) |
|
Date: October 11th, 2017 6:26 PM Author: dashing site foreskin Yes. Believe it or not on this planet there are professional gamblers. A lot of repeat players know each other. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419401) |
|
Date: October 11th, 2017 6:29 PM Author: Cyan glittery senate These guys are also laundering money. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419437) |
|
Date: October 11th, 2017 9:15 PM Author: red stimulating house partner Those guys aren't playing video poker. A pro VIDEO poker player? No. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420573) |
|
Date: October 11th, 2017 6:20 PM Author: Histrionic maroon regret ape idk, everything I'm reading right now says you're probably wrong. The best machines seem to be a thing of the past, and even then the best, full time professionals weren't making the type of money Paddock was.
Is there anything you can cite for me? |
|
Date: October 11th, 2017 6:21 PM Author: Sadistic hell generalized bond check out the communities of hundreds or thousands of people that make millions fro video poker (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419360) |
|
Date: October 11th, 2017 6:28 PM Author: Histrionic maroon regret ape None of them seem to pretend they do on the internet, at least that I'm seeing. I'd love to read stories if you can find them.
https://vegascasinotalk.com/forum/showthread.php?28-Can-I-become-a-professional-video-poker-player
Best people seem to top out around $100k, maybe more twenty years ago when the machines were better. The issue is the best odds tend to be on lower-bet machines, and there's only so many hours in a day to slurp up that 100.7% playing hand after hand. |
|
Date: October 11th, 2017 6:30 PM Author: Sadistic hell generalized bond Idk what to tell you. There are communities bro (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419448) |
|
Date: October 11th, 2017 6:32 PM Author: Histrionic maroon regret ape Yes, and they don't seem to be making nearly as much annual profit as Paddock despite playing 40 hours a week and doing everything in their collective imagination to max out profits. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419457) |
|
Date: October 11th, 2017 6:39 PM Author: dashing site foreskin This is not representative of anything and should not form the basis of your opinion. But to address the point, the people who make that much play with a lot more money than what they talk about on that forum. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419523) |
|
Date: October 11th, 2017 6:44 PM Author: Histrionic maroon regret ape Cool, well let me know if you have any kind of source. The issue seems to be that the higher bet machines don't pay out as well, so I'm not sure you're right. I've only done half an hour of googling so I'm not making any conclusions. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419561) |
|
Date: October 11th, 2017 6:46 PM Author: dashing site foreskin That's probably a good rule to live your life by generally.
Also, understand vast majority of gamblers are not publicly open about results of operations/ many live private pseudo criminally minded lifestyles and therefore there will be no reliable sources on the topic. |
|
Date: October 11th, 2017 6:49 PM Author: Histrionic maroon regret ape It's working out alright. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419590) |
|
Date: October 11th, 2017 6:25 PM Author: dashing site foreskin No (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419389) |
|
Date: October 11th, 2017 6:15 PM Author: Fluffy razzle business firm voyeur (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419309) |
|
Date: October 11th, 2017 5:44 PM Author: zippy lavender office brethren I might be low IQ but I don't see why this means he shoots up hundreds of people (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419083) |
|
Date: October 11th, 2017 5:56 PM Author: Saffron confused reading party he didn't. jabar abdul did. he killed paddock, and used paddock's illegal gun stash to do the shooting (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419149) |
|
Date: October 11th, 2017 6:02 PM Author: Tan erotic church building coffee pot acp caught in a severe brain fart. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419183) |
|
Date: October 11th, 2017 6:03 PM Author: Boyish keepsake machete french chef How would a terrorist get to choose paddocks room? (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419197) |
|
Date: October 11th, 2017 6:04 PM Author: Tan erotic church building coffee pot he was being sold guns there, dummy. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419207) |
|
Date: October 11th, 2017 6:05 PM Author: Boyish keepsake machete french chef Please explain how a terrorist would be able to ensure paddock rented a room overlooking the concert. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419216) |
|
Date: October 11th, 2017 6:07 PM Author: Saffron confused reading party terrorist might have copped guns from him before and noticed the location (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419237) |
|
Date: October 11th, 2017 6:28 PM Author: medicated public bath Request he be in a specific room or part of the hotel for security reasons, access to exits etc Literally the least implausible part of the story |
|
Date: October 11th, 2017 7:46 PM Author: Boyish keepsake machete french chef No way anyone would ever allow a terrorist buyer to choose the location. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420034) |
|
Date: October 11th, 2017 6:14 PM Author: yellow motley coldplay fan Pointing out shit that doesn't make sense doesn't mean you need to endorse some crazy conspiracy theory. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419287) |
|
Date: October 11th, 2017 5:45 PM Author: Marvelous Address Lettuce Unless he's one of these guys: https://www.wired.com/2014/10/cheating-video-poker/
But then he is getting kicked out of every casino. |
|
Date: October 11th, 2017 6:04 PM Author: honey-headed multi-colored lodge A quibble: Winners certainly can get comps. Casinos want big winners to stay and turn their winnings into losses. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419203) |
|
Date: October 11th, 2017 6:05 PM Author: Tan erotic church building coffee pot not long-term winners. they would like those to get the fuck out. maybe a one time winner, sure. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419212) |
|
Date: October 11th, 2017 6:06 PM Author: White aromatic field boistinker If somebody won over the course of years and made himself known to the casino, then he would quickly be banned. He certainly wouldn't be comped.
To the extent anybody actually cracked video poker with a software glitch or similar, the obvious CR would be to NOT get a loyalty card, not get greedy, and grind it out completely anonymously.
|
|
Date: October 11th, 2017 6:14 PM Author: Cyan glittery senate (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419294) |
|
Date: October 11th, 2017 6:15 PM Author: Blathering avocado dingle berry codepig (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419300) |
|
Date: October 11th, 2017 7:10 PM Author: thriller mustard property macaca This. If you found a golden 'sploit your gonna be flying under the radar and walking away once you got some good scratch saved up.
Why get a loyalty card or even develop a rep at any one casino |
|
Date: October 11th, 2017 7:52 PM Author: White aromatic field boistinker CR. There are like 40 casinos on the Vegas strip. If you had a "casino of the week" and went there for five days and cashed out a profit of $1,000 five times a day, you'd be far too small of a fish for anybody to notice. You wouldn't even need to talk to a person; the machines that convert vouchers to cash are programmed to handle this "small" amount. Buy in with $100, cash out each time you get to $1,100, buy in for $100 again, etc. until you have your profit for the day and walk out the door. Don't make a spectacle of yourself.
Nobody will even notice you. To the extent anybody does, you're just another faggot tourist who was at the casino for a few days before going "home." Move on to casino 2 after a few days, then casino 3, etc. By the time casino 1 is on the rotation again, you'll be long forgotten-- shit, a lot of the employees will be different from the last time you were there and the remaining ones have seen tens of thousands of people since then.
And just like that you are raking in a ton of cash without anybody really noticing or caring. Pay taxes on the money, write "Gambler" as your occupation and the gov't won't care either. |
|
Date: October 11th, 2017 6:36 PM Author: Flatulent curious shrine Not until you start losing again.
My buddy has a serious gambling addiction. Has personal hosts or whatever at every casino in AC and Vegas. We went to Vegas for his bachelor party and stayed at Encore.
Apparently last time he went he made out with like $20k playing blackjack. They wouldn't comp shit for him for his bachelor party. On the phone the host even brought up exactly how much he walked away with last time and noted that he hadn't spent a significant time at the tables since we arrived. |
|
Date: October 11th, 2017 9:23 PM Author: honey-headed multi-colored lodge The comp I'm talking about occurs when the winner is still there, not later. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420631) |
|
Date: October 11th, 2017 6:30 PM Author: Flushed Filthpig wait, suppose he really did make millions investing in apartment buildings. if he's an aspie quant-obsessed guy, he could play poker video all day and lose on average $500. he could do that for years on end. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419443) |
|
Date: October 11th, 2017 6:33 PM Author: Translucent tantric party of the first part He wouldn't get comped like he did if he didn't lose enough money. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419463) |
|
Date: October 11th, 2017 10:34 PM Author: Bearded Jewess Affirmative Action somebody with hundreds of thousands or millions of dollars in "coin-in" would get just about whatever they want.
comps are based on what you run through the machine, not what you lose. |
|
Date: October 11th, 2017 6:33 PM Author: Slippery Toaster Some people are saying that he reported millions in winnings as income on his taxes. I'm not sure if that's true. I thought he made his millions booming in real estate.
I could see how maybe some non-tax mastermen journalists could get confused. You report all of your winnings as income but then report all of your losses in your deductions. So it could look like you had several million in gambling income if you didn't bother looking at the deductions. I'm guessing this is what happened. |
|
Date: October 11th, 2017 6:37 PM Author: Flushed Filthpig (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419511) |
|
Date: October 11th, 2017 6:38 PM Author: Flatulent curious shrine This is a good point. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419517) |
|
Date: October 11th, 2017 6:38 PM Author: bat-shit-crazy bespoke liquid oxygen This is what happened. He probably lost low six figures ever year in gambling and was a millionaire from his boomer real estate ventures. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419519) |
|
Date: October 11th, 2017 6:42 PM Author: Histrionic maroon regret ape He apparently reported $5 million in winnings in 2015.
If that's gross winnings and he was making 2% profit, that's $100k/year. That's not unreasonable, but it's also not an impressive income. |
|
Date: October 11th, 2017 7:51 PM Author: Boyish keepsake machete french chef Actually, 2% winnings at video poker over the course of the year is probably a 30-standard deviation event. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420077) |
|
Date: October 11th, 2017 8:06 PM Author: Arrogant irate stage cr. lol @ the legal "profession" (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420213) |
|
Date: October 12th, 2017 3:13 PM Author: Histrionic maroon regret ape I'm just a guy who's spent a little time reading about video poker pros for purposes of poasting ITT, but it seems like there at least were some dudes who were doing roughly that. It was only on certain machines, and only when the jackpot got to a certain level, and they tended to be quarter bet machines.
Not 30 SD, but the "community" of people doing this in the nineties professionally was apparently double digits, so still serious outliers which is why they were able to do it for a while without much attention. Because the machines were low bets, they could only grind out low six figures even doing it full time and keeping track of where the right machines were. |
|
Date: October 11th, 2017 6:47 PM Author: yellow motley coldplay fan (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419582) |
|
Date: October 11th, 2017 6:47 PM Author: White aromatic field boistinker (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419584) |
|
Date: October 11th, 2017 7:03 PM Author: pontificating candlestick maker clown media said earnings were mostly from gambling.
i suspect Ann would accept total media and police confusion re the source breakdown of his income and losses for gambling versus real estate as an explanation.
the idea he was netting millions on video poker is insane, even if he was claiming his rare glasses of port earnings with the irs.
|
|
Date: October 11th, 2017 9:04 PM Author: vibrant step-uncle's house corn cake Unless the code has changed since I last saw it, I don't believe gambling losses Clare proper deductions. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420533) |
|
Date: October 11th, 2017 10:00 PM Author: bipolar mad cow disease garrison i seem to recall you can deduct the losses to the extent of the winnings (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420884) |
|
Date: October 11th, 2017 10:53 PM Author: bright library Losses offset winnings. Net winnings are taxed as regular income. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421393) |
|
Date: October 12th, 2017 3:07 PM Author: Slippery Toaster https://thenevadaindependent.com/article/stephen-paddock-probably-lost-about-404933-gambling-in-2015
here is some good scholarship on this point |
|
Date: October 11th, 2017 6:37 PM Author: bateful therapy he and his family were investing in building and apartments since the 80s...i have seen an accounting of his purchases...he really made his big money via a purchase of a rather large apartment complex in the metroplex area, which he ran and operated himself...and he funded that by the sale of an apartment complex in LA....and he funded THAT by teaming up with his family and buying and refurbishing homes in socal...these people were miserly savers and workers...nothing secretive here, just hard work over decades and lucky timing (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419508) |
|
Date: October 11th, 2017 6:38 PM Author: Slippery Toaster boomers gonna boom (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419513) |
|
Date: October 11th, 2017 6:39 PM Author: bat-shit-crazy bespoke liquid oxygen (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419527) |
|
Date: October 11th, 2017 6:39 PM Author: Flushed Filthpig (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419528) |
|
Date: October 11th, 2017 6:40 PM Author: Translucent tantric party of the first part "Miserly saver" and "compulsive gambler" don't really go togther, though. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419534) |
|
Date: October 11th, 2017 6:48 PM Author: bateful therapy he didn't start gambling and drinking until he sold the DFW area complex in 2014...he made millions off that deal...
and he and his entire family were/are misers, literally. Second hand clothes etc....just like me!
and he was a skilled gambler who knew how to minimize his losses and even made up for them with comped rooms and food....my theory is that the booze warped his mind, drove him into a depression...booze really is poison! |
|
Date: October 11th, 2017 10:47 PM Author: Titillating sex offender meetinghouse (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421313) |
|
Date: October 11th, 2017 9:32 PM Author: irradiated roommate a LOT of the most degen gamblers dress like shit and are total nits outside of the gambling world (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420677) |
|
Date: October 11th, 2017 9:10 PM Author: disrespectful spectacular stag film just do investment properties, bro.
you'll make hundreds of millions easily coming from a poor single parent family and a career as a government desk lackey |
|
Date: October 11th, 2017 6:39 PM Author: bat-shit-crazy bespoke liquid oxygen There's nothing interesting about his motive or back story. He was a misanthrope who made a bunch of money in boomer real estate deals, then he decided he had enough and killed a bunch of people (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419525) |
|
Date: October 11th, 2017 6:39 PM Author: Slippery Toaster boomers gonna boom (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419531) |
|
Date: October 11th, 2017 6:40 PM Author: Flatulent curious shrine (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419537) |
|
Date: October 11th, 2017 7:05 PM Author: Cerise incel jap (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419735) |
|
Date: October 11th, 2017 7:06 PM Author: Flushed Filthpig that's what i'd bet, if i had to (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34419742) |
|
Date: October 11th, 2017 9:13 PM Author: Ivory big theater (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420563) |
|
Date: October 11th, 2017 9:33 PM Author: irradiated roommate Cr, media can't accept unremarkable explanation that he was a faceless autist who did this to force the world to acknowledge his existence, not unlike many other mass shooters (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420683) |
|
Date: October 11th, 2017 10:31 PM Author: Sadistic hell generalized bond Id believe this if not for the LV police changing their story every day (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421149) |
|
Date: October 11th, 2017 9:01 PM Author: Ivory big theater "Why was Paddock wearing gloves if he was about to commit suicide?"
This dumb bitch has obviously never rapid fired a rifle before. they tend to get a little hot |
|
Date: October 11th, 2017 9:34 PM Author: irradiated roommate that was the most retarded thing in this piece esp from ann
the laundering gun money thing is an interesting and highly plausible idea tho |
|
Date: October 11th, 2017 9:49 PM Author: excitant blue pit son of senegal lol, have you?
|
|
Date: October 11th, 2017 9:09 PM Author: supple talking location kitty wait this actually makes a ton of sense and gives me goosebumps because it's so plausible. Anne Coulter is a fucking genius (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420547) |
|
Date: October 11th, 2017 9:13 PM Author: Spruce Philosopher-king Doesn't laundering money require that you get it back in a guaranteed fashion? He's just lucky enough to keep "winning" at video poker? I don't get it. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420564) |
|
Date: October 11th, 2017 9:16 PM Author: supple talking location kitty it only requires you to get back most of it, not all. 1% is an extremely low cost to launder 7-figures (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420578) |
|
Date: October 11th, 2017 9:24 PM Author: Spruce Philosopher-king Still seems like an odd, risky, drawn-out way to go about it (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420639) |
|
Date: October 12th, 2017 3:16 PM Author: Histrionic maroon regret ape It's not risky if you study video poker like a true aspie, which Paddock did. Basically guaranteed to retain 99% of your money, which sounds like a good return on a laundering scheme. Easier than operating some cash business and cooking the books or whatever, especially if you actually enjoy doing it and thousands in sushi, COMPED. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34426612) |
|
Date: October 11th, 2017 9:36 PM Author: irradiated roommate A lot of chinese scammers laundered money this way, but they just deposited cash in the high limit machines and cashed out without playing much
Eg
|
|
Date: October 11th, 2017 9:36 PM Author: talented dun whorehouse lots of money laundering is done through casinos (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420698) |
|
Date: October 11th, 2017 9:33 PM Author: insane soul-stirring indian lodge nibblets don't terrorists want to be known for committing their acts of terror? (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420680) |
|
Date: October 11th, 2017 9:51 PM Author: excitant blue pit son of senegal so you find out who was shot first. they were sniped the rest were cover at least that's how they do it in spy books |
|
Date: October 12th, 2017 3:17 PM Author: Histrionic maroon regret ape (guy who just watched American Vandal) (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34426622) |
|
Date: October 11th, 2017 9:56 PM Author: disrespectful spectacular stag film completely agree with ann here and have from the moment i heard about how he supposedly became ridiculously rich. (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34420854) |
|
Date: October 11th, 2017 10:38 PM Author: Hairraiser doctorate masturbator that was the theory on /pol/ the day after shooting (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421216) |
|
Date: October 11th, 2017 10:43 PM Author: Titillating sex offender meetinghouse Fuckin lol at the casino operator up thread trying to convince people that COMMUNITIES OF PEOPLE make millions playing against a casino-owned computer (then get comped tens of thousands of dollars worth of sushi) (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421275) |
|
Date: October 11th, 2017 10:44 PM Author: floppy rigor (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34421283) |
|
Date: October 11th, 2017 10:46 PM Author: excitant blue pit son of senegal if you don't believe that, i don't know what to tell you. it happens. it's true. i got a 1600 on the gre. |
|
Date: October 12th, 2017 3:33 PM Author: Saffron confused reading party cr not everyone works at taco bell (http://www.autoadmit.com/thread.php?thread_id=3761146&forum_id=2#34426717) |