A Few Words about the “New” Video
I’m pausing my book-report series to address a subject that is causing some heated discussion online: a video that has popped up on YouTube, one in which I was interviewed by Steve Bourie.
The first problem is that many viewers didn’t read the explanation that came with that video, that it was an edited re-post from 2016. Steve has re-posted some of his older videos, since he has a new American Casino Guide website.
Many of you have been following Brad’s and my 39-year casino adventure for a long time, have seen this video before, and know many of the stories of our journey. Many of you are also long-time video poker advantage players, having been on the same path and dealing with the same problems I talked about in 2016. And you know that it has been a steady decline since that time, especially exacerbated by the pandemic.
To those who point out that what we did back then is impossible these days, I agree. However, many of the techniques I talked about in this video are still valuable for casino visitors today. Casino gambling has never stayed the same. However, most players have always entered the casino with the same unchanging goals: stretching their bankroll so they have longer fun time and, if they can’t always win, losing as little as possible.
I’m reading all the comments from those who watched this rerun from 2016 and there are an amazing number of them, way over 200 the last time I checked. I ignore all the negative rants, but many have posted thoughtful comments and honest questions that deserve an answer. I especially enjoyed hearing about the positive experiences of those who have been traveling with Brad and me on this path of wise gambling, validating the facts that this was something that could be and was done by many players back in the time period I described in the video. It always warms my heart to hear when my words have helped someone have a better casino experience. (I think this is the main reason why I keep putting off retirement! 😊)
First, some answers to technical questions. The white car we won at the Stardust was a Mercury Mystique. (Actually, we didn’t need a new car at the time, so we sold it back to the dealer.) And yes, you do need to take into consideration the tax implications of gambling. Once we started serious play, we filed as a business and that allowed us to deduct our losses and expenses and pay taxes only on the net win. Recreational players have never been able to do that and recent tax changes have made that even a more severe hindrance for many. The book Tax Help for Gamblers will help you navigate those treacherous IRS waters.
A couple of updating items. I actually didn’t revise the first two Frugal books, as I mentioned I’d do at the end of the video. I soon realized when I started that project that there were just too many changes in the casino environment, so I had to write a whole new book. In The Frugal Gambler Casino Guide, I suggested new paths for the wise gambler. Also, I no longer have my own website, but I am still continuing to look for helpful information to put in this blog.
Perhaps for some people the biggest problem with the video is that they misunderstood that flashy title, “How She Made a Million Dollars Gambling in Casinos!” That “million” did not happen on one lucky trip to Las Vegas. In 2016, we’d been playing in casinos for over 30 years, living in Vegas for the last 16 of them. Yes, we hit some big jackpots; anyone who plays a lot will have some lucky hits. But I was careful to explain that we also had to suffer through many long losing streaks. Almost all successful gamblers will talk about “grinding out a win,” sticking with the best mathematical plays through thick and thin, whether you’re winning or losing.
Some wondered whether Brad and I are still playing video poker or did we go broke. We rarely visit casinos anymore, because we moved from Las Vegas in 2020 when Brad’s physical and mental health was declining, and there are no casinos nearby where we live in Georgia. But not only did we not go broke, thankfully we remained financially frugal during all the years of our casino life and now our gambling winnings help support our stay in a lovely senior-living home.
We’re planning to go to Harrah’s Cherokee the weekend of March 24. And that answers one last question from a video viewer. “Are they dead?”