Blackjack "related" winnings?

[kewljason]

So far this year I have made better use of coupons than in the past. Mostly matchplay with a few first card ace, playing $780 worth of coupons and winning an additional $320. (below EV) I have also received $200 worth of loss rebates and $160 in cash back. Generally I just add this to my blackjack totals as a little bonus value.

The one casino that I play rated at in AC does their cashback in the form of slot dollars. You have to play the bonus through a slot or video poker machine one time before cashing out. While playing these slot dollars through today I hit a royal flush for 4 grand ($1 machine). It seems kind of wrong to count this money as blackjack winnings, although it was an indirect result of blackjack play. This is the second time I have hit a royal while playing through these slot dollars. Last summer was only a quarter machine ($1000 jackpot). Sometimes I forget to play these slot dallars through on the given day and wish this casino would just go back to sending me matchplay coupons instead. (not feeling that way today though)

 

[Pelerus]

Going by GAAP, this revenue ought to be reported under "Other revenues and gains" within the non-operating section of the income statement, since it resulted from a business activity that is only indirectly related to normal operations. At the same time, it does not fulfill the dual criteria to be recorded as an "extraordinary item", as it is infrequent but not unusual, so it shouldn't be reported net of tax.

Prepare your financial statements in good form and in accordance with GAAP, post them in the public domain with the unqualified opinion of an independent auditor - and you may attract financiers that would have otherwise invested with the casinos themselves.

 

[muppet]

i've been keeping matchplays and the like separate from bj numbers..also travel expenses and other misc expenses separate

 

[rukus]

just use these "related" winnings to offset expenses. keep it in a separate account of money pile if ou will. im sure you realize but for others - expenses can drain a BR and increase ROR quickly.

So far this year I have made better use of coupons than in the past. Mostly matchplay with a few first card ace, playing $780 worth of coupons and winning an additional $320. (below EV) I have also received $200 worth of loss rebates and $160 in cash back. Generally I just add this to my blackjack totals as a little bonus value.

The one casino that I play rated at in AC does their cashback in the form of slot dollars. You have to play the bonus through a slot or video poker machine one time before cashing out. While playing these slot dollars through today I hit a royal flush for 4 grand ($1 machine). It seems kind of wrong to count this money as blackjack winnings, although it was an indirect result of blackjack play. This is the second time I have hit a royal while playing through these slot dollars. Last summer was only a quarter machine ($1000 jackpot). Sometimes I forget to play these slot dallars through on the given day and wish this casino would just go back to sending me matchplay coupons instead. (not feeling that way today though)

 

[blackjack avenger]

Revenue - Expenses = Income

Of course if you keep track of your blackjack playing statistics you would not count matchplays, jackpots etc.

Now you can also keep track; and you should, of all gambling income.

Since you are a pro you would have it all as one bankroll; make adjustments for expenses, and play to your personal ror or drawdown risk.

A pro should have a virtual 0% ror.:joker::whip:
and 0% risk of drawdown that would cripple your bank:joker::whip:

If this slot payout is enough to justify raising bj bets an alternative would be to just consider it a cushion against drawdown. If you take some losses you don't have to lower your bets until the slot payout is absorbed into your bank.

 

[EmeraldCityBJ]

I always track my results from BJ separately from everything else. I want to know exactly how much I won/lost from my BJ play without taking tokes, coupons, comps, or anything else into account. That way, after a few hundred hours of play, I have a number that I can compare to simulated results to see if my play is in line with expectation.

The other stuff is important to track too for other reasons, but you'll want your raw BJ numbers to see if you're way below expectation over time. This is often your first and only indicator that there may be a hole in your game.

 

[Nynefingers]

I track the earnings from coupons played on blackjack tables with my blackjack income. In particular, some games I play give me coupons for hitting certain hands. I consider the value of those coupons in determining my hourly rate for that game in comparison to other games available, so it makes sense to include winnings from the coupon in my normal blackjack winnings. This is reasonable since I am choosing that game based on its total value including coupon value, and the coupons do not produce excessive variance.

I do track other coupons played on other games separately. This would include matchplays that are played on high variance games like roulette, slot matchplays or freeplay, etc. It seems like you don't mind mixing the coupon EV into your BJ results, you just don't know how to handle the high-variance payouts. I can't say what will work best for you, but consider whether you are concerned about mixing the EVs or about mixing the variance, and it might help you decide how to account for your results.

 

[kewljason]

These last two post, seem to follow exactly what I was thinking. I personally like to come up with an EV for the games and amount of time I have played and compare that to my actual results for the year. My personal method of doing so is a three point method, 50% by what I consider the top of the line most acuarate computer software availible by Qfit.com (hope this plug is not in violation of the site rules...lol), 25% of a second, somewhat older software and 25% my own hand generated numbers, which closly resemble the number in BJA3, which of course were also generated by Norm. (if it seems like my methods are heavily weighted towards Norm, there is good reason for that... )

Anyway as I was saying, I like to come up with an EV for the number of hands I have played at particular games and compare them to my actual results. Slipping a little 'extra' value from coupon wins, ect seems acceptable to me but sliding in an extra 4 grand from video poker winning, even though blackjack generated seems like it might cross the line.

 

[chichow]

I also keep different categories in my money spreadsheet.

I know how much I win / lose from Blackjack. This is part of the overall pool. I keep this separate so I know how I am doing vs. my EV.

Then I have different categories for bonus money, expenses and funded expenses.

Bonus money to me is match plays, bonus cash, loss rebates, etc. I don't keep track of the expectation for match plays vs. other types of bonus money. I just see it as additional bumps to EV.

Expenses are flights, tolls, gas, etc.

Funded expenses are when I fund that really nice dinner or buy that nice bling from my bankroll.

FWIW