Taking out a marker to pay a marker

[Alan Mendelson]

About six months ago I told about how I had markers outstanding from two different dates and when I went to the cage to pay off "a marker" they paid off the older marker first.

I was with another Forum member at the time and we wondered if there were a way to divide your credit line in half (say it's a $2,000 credit line) and on a regular basis take out one $1,000 marker to pay off the previous $1,000 marker when it is due in 30 days? The goal would be to have an interest-free float of $1,000.

We guessed this couldn't continue indefinitely, because credit lines are reviewed and if the casino sees you are not actually playing they can cancel the credit line.

But, we thought, it would be a way to create a short term loan for yourself.

So... has anyone tried this or anything similar to generate an interest-free short term loan?

[regnis]

They have never allowed that here in Chicago or, in my experience, in Las Vegas. They always make you pay the newest first so as not to be on a continuous float. I think it was cashier mistake.

[Alan Mendelson]

It was at Caesars and we asked about it. Yes, we were told older markers are paid off first. Maybe that's not the way at other casinos, but that's what happened when I went to the cage. Forum member John was with me. He hasn't been active on the site recently but if he reads this he might want to comment.

[Helicopter Mike]

In the past this is how I would (float) my markers. Background: My local casino is Horseshoe Ind, My marker limit 20K,
To start off I would request a 5K marker in chips at the blackjack table, were I would gamble and most often loose, down 5K.
I would return in 20 days or so, Find a blackjack table and request another 5K marker in chips. (10K) is now owed.
Before I would leave I would take the 5K in chips to cashier's cage and payoff the oldest marker of 5k, Did this many many times, Floated the the marker for months,
Of course In time I did pay it off in full.

[regnis]

Mike--as long as that casino (I am assuming Hammond, Indiana--I think there is also one in southern Indiana) has been open, they have never allowed me to do that. Always have to pay the newest one first. Great deal if you can get away with it your way. One local casino did allow it years ago but they stopped it early on.

As I think about it, I never had a situation in Las vegas where I went back again before my markers were paid, so they were always paid in full before new ones were taken. I usually pay them about 2 weeks after each trip. So I really can't say as to Vegas markers.

[Helicopter Mike]

Southern Indiana, is were I was able to do this, The key is not try to do this at the cashiers cage,
Paying off the oldest marker first is the rule,
How I paid off the oldest marker is by getting a new marker (new date) with chips at the tables and taking those chips to cage to payoff the oldest marker.
Now: By getting The "Chips" Marker it now has a new date, and reset the clock so to speak..or marker float.
Only works if you can make repeat visits to the same casino within the 30 day rule of paying off the oldest marker. Having a credit limit you don't max out.
I did this at other casino's along the Ohio River.. Food for thought.

[Alan Mendelson]

Welcome and thanks for posting Helicopter Mike. Yes -- that's the plan.