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Old 07-30-2011, 12:35 PM
 
Location: Vegas, baby, Vegas!
3,977 posts, read 7,649,833 times
Reputation: 3738

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MGM Grand Lion’s Share Progressive | VegasBuzz.com (http://vegasbuzz.com/2011/07/13/mgm-grand-lions-share-progressiv/ - broken link)

cool little piece of info.



Jonathan
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Old 07-30-2011, 01:19 PM
 
1,009 posts, read 4,043,027 times
Reputation: 760
Quote:
Originally Posted by macgeek View Post
2.2 Million Dollars
"Ballpark" calculations . . around $1,430,000 after 35% federal taxes. That amount invested in a high-yield corporate bond fund with around a 7% annual yield would provide around $8,000 monthly income (before taxes).
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Old 07-30-2011, 01:25 PM
 
2,557 posts, read 4,575,625 times
Reputation: 2228
Go play megabucks slot machines and you can win 10+ million.
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Old 07-30-2011, 01:38 PM
 
3,598 posts, read 4,956,066 times
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Quote:
Originally Posted by tortoise View Post
...a high-yield corporate bond fund with around a 7% annual yield...
Yeah right. Talk about gambling!
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Old 07-30-2011, 01:43 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,252,146 times
Reputation: 2661
Quote:
Originally Posted by unf0rgiven6262 View Post
Go play megabucks slot machines and you can win 10+ million.
The point McGeek is making is that the odds favor you on the Lion Share machines...by a lot. They are grossly against you on a Megabuck machine.

There used to be a set of professional video poker players who would go after the progressive if they become large enough to favor the better.
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Old 07-30-2011, 02:01 PM
 
Location: Home!
9,376 posts, read 11,961,872 times
Reputation: 9282
Quote:
Originally Posted by olecapt View Post
The point McGeek is making is that the odds favor you on the Lion Share machines...by a lot. They are grossly against you on a Megabuck machine.

There used to be a set of professional video poker players who would go after the progressive if they become large enough to favor the better.
And how did they fare?

And so, who's in? Meaning, who is heading down to MGM today?
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Old 07-30-2011, 02:12 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,252,146 times
Reputation: 2661
Quote:
Originally Posted by kimba01 View Post
And how did they fare?

And so, who's in? Meaning, who is heading down to MGM today?
Actually I would guess there will be one big winner and one big winner only. Once they pay that progressive those machines are gone. I suspect the odds are not favorable unless you win the big one.
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Old 07-30-2011, 04:44 PM
 
Location: Henderson
1,245 posts, read 1,831,937 times
Reputation: 948
Quote:
Originally Posted by macgeek View Post
MGM Grand Lion’s Share Progressive | VegasBuzz.com (http://vegasbuzz.com/2011/07/13/mgm-grand-lions-share-progressiv/ - broken link)

cool little piece of info.



Jonathan
Jonathan, thanks but no thanks. The last thing I need is another $2.2 million
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Old 07-30-2011, 05:15 PM
 
4,862 posts, read 7,975,573 times
Reputation: 5769
Well if someone does win $2.2 Million they may go from Dem. to Repub. and be against taxing the rich.
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Old 07-30-2011, 07:10 PM
 
Location: Vegas, baby, Vegas!
3,977 posts, read 7,649,833 times
Reputation: 3738
Quote:
Originally Posted by olecapt View Post
The point McGeek is making is that the odds favor you on the Lion Share machines...by a lot. They are grossly against you on a Megabuck machine.

There used to be a set of professional video poker players who would go after the progressive if they become large enough to favor the better.

YES, EXACTLY!!!

Jonathan
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