Lol. Well nothing we are talking about today proves or disproves that.
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Since you, coach belly are going around in circles, I will too. Going to repeat this one. :cool:
And just for good measure, one more time: "What kind of adventure would it be if I were losing?" - Mdog-
That is ALL anyone needs to know about this whole ordeal. Game, Set, Match!
No, coach, you are once again wrong.
I didn't go into all of the permutations of this because I was hoping you'd be able to figure some wrinkles out, but not gonna happen
So, being a nice guy, I will spell some of the more obvious wrinkles out for you.
Since various casinos fall under the same aegis, and since numbers vary not just by shop but over time, you can actually do this in a way that the same casino is paying you regardless of who wins. Checks will be issued.
In addition, since sports bets can be made without necessarily showing up on an account (happens all the time, especially during major events like boxing matches and Super Bowls), the wagers can actually generate two different checks at the same place in the event of a push and win or middle. Or even with multiple wagers by the same person. No rule that you can't get multiple checks. And, by the way, those major events wagers are usually made with cash.
I suggest you stick to free play analysis. You gamble in New Jersey. I get it. You think you know what you're doing, but you really don't. Atlantic City is a half step above Laughlin, but with somewhat brighter lights and more ethnically diverse hookers.
I mean, really, why do you insist on arguing about stuff you know absolutely nothing about?
Here is how you get a check for 100 k, you take markers out daily .... you pay them off with cash even when you break even. You store the chips upstairs like he claims. He has already said he stores them up. When you go to cash out all markers are paid. They mark it winnings. I have personally done this before so any rebuttal to the contrary is completely
Inaccurate. Mdawg had already said he had a 100k chip. If he paid off his markers with cash daily and kept the chips he will go to cage with 100k plus and they will give him a check.... 1 million percent fact
So I don’t get involved in these discussions much anymore, but I do have a lot of experience with this. When I would go to the cashier with a large amount of chips, they would ask where I won them. I would tell them the craps pit and they would then call the craps pit for verification. I once got into a little trouble trying to split the chips between a Bally’s cashier and the Paris cage. They watch the yellows pretty closely.
I often times did request a check and never had a problem, even if it included my buy in and was not just winnings. Most of the time it was winnings because I am a marker player and those are paid when cashing in at the table. But I also played with cash quite a bit and getting a check was not a problem
[QUOTE=coach belly;127205]Don't they hold the marker outside of the drop box so that you pay markers off
with whatever chips you have before you leave the table?
They normally hold the marker for 1 hour or so unless you request they Hold it longer (not sure I remember exactly how long pit holds it but it wasn’t all that long )once they drop it then you can go to the cage and settle it with cash or chips
Coach—-I honestly can’t say because it never was an issue so I never even gave it a thought. But my buy ins were usually $3500 - $5000 and could involve multiple buy ins. But always kept the total under $10000. So if I had a couple 3500”s, the 3rd, if any, would be 3,000 max.
So I guess the answer to your question is anywhere from 3500 to 9500.
He has stated multiple times he throws chips in bag, the will let you pay off with cash any time you like. I have paid 25-50k markers in cash.
I have no personal experience with this but I know players who take large markers, pay them back, then take new markers and pay them back and take a check for any overall profits.
Why would you think it's a problem to take out and repay multiple markers and take a check for profits?
LOL. Coach, you picked 50K as a threshold because I never mentioned making those size wagers. On those occasions when I've needed to make a 50K bet, I've spread it for various and sundry reasons. But I can speak for the 10K through 40K range.
You have a naive understanding of sports betting. Many, if not most, people making the 50K or more bets are known to, but not formally tracked, by sports books. Asking for ID from any of those people is akin to an insult.
Now, for the protocols for bets in the 100K or 200K range, I'd suggest you ask somebody familiar with that stuff. I do happen to know one, who will go unnamed. I think regnis knows who-of I speak.
Coach—I can’t state what the rules are at each casino so I can only go by experience. I was not allowed to cash out at a table without having the chips pay the markers. Any winnings were then cashed at the cage. I admit that I pocketed a few chips more than a few times so that I was just under the marker amount and would then be able to cash the chips at the cage and keep the markers alive. I then had cash to play at a casino at which I didn’t have credit or usually, to play horses.
So I couldn’t really accumulate chips without paying the markers much beyond that. If someone could, I really don’t know if they could then get a check.
Look... anybody could do it if they wanted to.
I know a guy who goes to Vegas with 10k in cash just so he can walk around with ten yellows as show off money. But he doesn't bet. He likes to finger the chips at bars trying to pick up girls.
People do strange things.
Coach, you say a player can't cash out chips he bought in for with cash and request a check at cashout. I don't have any experience with this, because I try to do the opposite, stay away from anything and everything that requires paperwork and I.D.
But I don't understand what you think the difference is between the player getting cash or a check. Let's take this scenario. Player buys in for 20k cash. I have seen this several times. So he plays for a couple hours, Blackjack, Bacarrat, roulette, pick your game. At the end of play he is exactly even. $20k in chips. He takes those chips to the cage, where by law they have to pay him. What difference do you think it makes as to whether he is paid in cash or requests a check?
You are saying to avoid the posibility of money laundering. The possibility of money laundering is no different whether he receives cash or a check. He could have still laundered his original 20k, when he bought in, if that is what he was doing and when they pay him by whatever means, cash or check, he would have laundered his money, if that was what he was doing. As a matter of fact any kind of thing like that, the player would want to get paid cash, rather than check. that is what they would be after... cash. A check actually provides some protection, should they discover later, that is what he was doing. They know right who got the check and where the money went.
Point being, cash or check just doesn't make one bit of difference. Now, maybe there is some strange law that doesn't make sense, cause like I said, I don't know, and there are always stupid laws that don't make sense, so I will defer to those that have experience in this area, but from a practical standpoint, paying by check is absolutely no different that paying by cash for any kind of money laundering concerns.
How can getting a check be money laundering when your NAME is on the check???
Some of your arguments make no sense.
Next you're going to tell us that taking cash to a 7-Eleven for a money order is money laundering.
I don't read much of it but I find it fun when you three go round and round the chestnut tree.
So you are saying, if I buy in for $4000, color up an hour later at $9000 for a $5000 profit, and went to the cage to cash out and asked for a check saying I didn't want to carry 9k around in cash, they would tell me they could give me a check for $5000 and cash for the rest? Never heard of such a thing.
Again, I am asking you, just as Andrew did, can you point us towards that law or regulation?
Coach rarely knows what he's talking about when it comes to gambling. If somebody is winging 50K around on sports bets, there is not going to be some requirement that they show ID for every wager. That's just asinine. When there's a big event in town, like a Mayweather fight or a Super Bowl, 50K wagers are pedestrian. Nobody cares who you are when you put down the money.
The last time I made a five digit wager on a boxing match, the Venetian didn't give a rat's ass who I was. I was about to turn away from the window when I realized I should try to get some comps, so I OFFERED THEM my ID.
But coach is an AC guy, so maybe that's the way it is in AC...or Laughlin.
To point out the ridiculousness of this discussion. It can't be money laundering if your name is attached to the transaction. Turning in chips for a check isn't and can't be money laundering.
Whether a casino wants to give you a check might vary by the casino. A casino might not want to go to the trouble of giving small checks. I've been in casinos that try to talk players out of having taxes withheld on hand pays of $1250 because they didn't want the paperwork involved.
Then there are casinos that might love to give you a $100k check because they can hold the cash as a float. As a matter of fact casinos love the APs who hold their chips... that's a great profitable float for them.
Even better are casino visitors who take home souvenir chips. There's big profit there.
If you have a spare $100k give it to me and I'll get you a check.
I will say that Mr Coach might be correct about casinos requiring ID. In the past few years I've been at casinos where ID is required of all players, and yes this includes low limit players.
You are either confused or intentionally lying. I never said that or anything even close to that. As a matter of fact, I posted the quote from him where he said he stuffed the winning chips from his play in a bag. I posted that quote TWICE AND told you were it was at WoV.
So don't tell me I said he bought them for cash and didn't play and tried to cash out. I never said anything even remotely like that.
That is not the law in Nevada. The law is 10k. Now I have had casinos ask for Id for as little as 3k. If you argue with them and tell them the law is 10k, first thing they will say is 3k is "casino policy". That means nothing. If you want to fight them, you can say, No I will not show I.D. because the law is 10k. they will call a supervisior, who will state the same "casino policy" bullshit. If you want to continue fighting you can ask them to call gaming. Gaming will come and tell the casino they have to pay you.
But then gaming will ask for your I.D. They will tell you that gaming involvemnet requires a report being filed and they need your Id for report. And then after you get your money and leave, gaming will turn around and give your information to that casino anyway. So you can't win.
That is why I keep cash outs very small, under $3000, usually $2500 top. Some of the really smaller places that I play I keep it even smaller. Sometimes if I score a big win and walk with chips it takes me several weeks to get them cashed in. :rolleyes:
What you wrote earlier was close..."the illusion of a massive win" and "manipulating different things"
You implied that he did not win the 100K from the check that he showed Mike.
If you're now willing to stipulate that MDawg has won as he reported, then just say so.
I don't think coach belly understands what money laundering even is.
So lets say a guy has some dirty money. Not necessarily counterfeit or anything, but maybe money from a drug deal that he is worried about it being clean. So he goes to the casino buys in for lets keep it simple and say $5000. Plays a little bit, colors up exactly $5000 (he broke even). he takes those chips to the cage. It makes absolutely no difference if the give him a check or cash, he has successully exchanged his "old" or dirty money for "new" or clean money. So this idea that a casino not paying by check is stopping money laundering makes no sense. Again, I suposse it could be a law...there are stupid laws, but it isn't stopping anything.
Now lets take it a step further. Coach belly is now saying that the same scenario above, except the guys wins $5000 instead of breaking even. Buys in for $5k, Wins 5K, colors up and cashes in 10k. Coach belly is saying they player could only get a check for 5k and would get cash for the other 5k. Well, unless they are giving him back the same exact cash that he bought in for, that cash that is in the drop box, he STILL has successfully laundered or exchanged his money.
So the things coach belly is saying make absolutely no sense. Again, maybe there is some dumb law. Please link to or point to it.
He is generally right if you ever read or have had employment with a financial services provider. Casinos generally do not want to write checks because it doesn't help themselves. It's not a big deal you don't know about the ins and outs. You have no real reason to know.
I'm not sure that you understand what money laundering is,
and why the laws are set up the way that they are.
You understand of course that "laundering" is a euphemism,
they don't actually wash the powder off of the bills.
When you buy chips with cash, the source of the cash is undetermined.
When you redeem chips for a check, the source can be identified as a gambling win.
If you buy chips for cash, and redeem them for cash, then the source of the cash
still cannot be determined, unless you present identification.
The owner still needs to explain where all the cash came from, if not from gambling.
When you redeem chips for cash, do you present identification?
I'm not sure that you are current on the procedures in Las Vegas.
If the player pulls 30K in markers, and wins 100K, he now has 130K in chips.
If he pulls $30K cash out of his pocket to pay the markers off in cash,
he still has $130K in chips. What happens when he goes to cash them?
The cage will give him a check for $100K which is the extent of the verified win.
They will not give him a check against the extra 30K in chips,
they will give $30K cash for these only.
This is my understanding of how casinos currently work.
Please feel free share your most current experiences in this regard.
An article about IDs and Nevada casinos.
https://www.feelingvegas.com/gamble-vegas-temporary-id/
I have bad news for Messrs Coach Belly and Mdawg. I have reviewed Regulation 5 of the Nevada Gaming Control Board and there are no rules about the issuance of checks to players.
There are rules pertaining to players giving checks to casinos to fund their play.
Regulation 5 is available online. Read it yourselves.
The bullshit is over.
Here's your link Mr Coach Belly.
https://gaming.nv.gov/index.aspx?page=51
Regulation_5_as_of_04-18.pdf
If it were true that players could only get a check representing casino profits, casinos would not offer checks to any slot jackpot winner before checking their win/loss totals. It would also mean that no checks could be issued to any player without a players card as they wouldn't have a win/loss history.
I can keep coming up with reasons why the Belly/Mdawg theory is invalid.
But the best reasoning continues to be the Nevada Gaming Regulations. Check Regulation 5.
https://gaming.nv.gov/index.aspx?page=51
Coach belly doesn't understand the basics, much less the wrinkles and ways to circumvent the basics.
I will give him credit, though. He's generated all this nonsense, including replies from me, while not knowing what he's talking about.
Think about all of the coach belly posts. I think he once got how free play works right six or seven years ago. Other than that, he hasn't gotten anything right. Think about his posts, and what gambling knowledge he's shared over the years. He's has not revealed that he knows a whit about anything. But he keeps on truckin', like the little engine that thought it could, but really didn't know it was off the tracks.
He publicly argues about things he knows nothing about. And when it's clear he's wrong, he keeps chugging.
How could anyone really think that a notation on a check that says "casino winnings" was proof of winnings? LOL. It's something a third grader might think. It's fucking ridiculous.
It never even occurred to me when I heard about the MDawg check with the memo that anyone would try to claim that. I thought that size check was evidence that MDawg got a good sized check from a casino. That's what it "proves." So he appeared to be playing at reasonable stakes. That's it. And there's a lot of ways around that, to be honest. He could be playing for squat and wind up with a 100K check that says "casino winnings." I can't believe anyone is trying to use a memo line on a check as evidence of something.
Remind me the next time I hit a future to order a stamp that says "Male Whore Earnings" that I can use on my check from the casino.
Just ignore Coachbelly. Dude is a moronic trolling dumbass.
How many pages of back and forth does it take to figure that out?
I have to admit that I'm not 100% sure as to your meaning here. I guess everyone should differentiate, "Winnings," from, "Profits," which will at least add some clarity to the overall conversation.
The W2G (in the context of electronic games) is issued as a mandatory requirement for any single result that results in a return-to-player of $1,200, or more, with the total amount that was bet being irrelevant. The amount that was bet is listed on the W2G form, but has nothing to do with whether or not one gets a W2G. Unlike W2G's for Table Games, the amount that was won relative to the amount that was bet is irrelevant.
Anyway, a player could be $10,000 down for the day on a slot machine, hit a $2,000 jackpot and they will be issued a W2-G. At that point, they could request the payout in the form of a check, regardless of whether they are up or down overall.
To be clear, I am speaking only to how it works on machines and not checks as relates Table Games. I take no position on the discussion related to MDawg's check. I wouldn't know.
I've had W2Gs that sometimes list the denomination and some that don't. Frankly that's only for statistical purposes. The IRS wants your SS number and name and address in additional to taxable amount and any withholding. I've hit 25-cent VP progressives that required a W2G.
But that has nothing to do with the silly claims of Messrs Belly and Mdawg.