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Thread: More Justification BS For Getting Casino Credit

  1. #1
    And here we have it again--the King of BS writing yet another article for LVA on reasons why he claims to use casino lines of credit. Nonsense to so-called "interest free loans". Nonsense to it being a great alternative for not having to carry large amounts of cash around a city where just about anybody can be expected to have a good wad in their pockets, or supposedly to be handling the "easy money" wisely. And nonsense to all the crap about responsible people paying these things off when jackpots are hit or via the "within 30-days" methods. Casino credit is simply in-place for one reason and one reason only--TO GET WEAK & ADDICTED PLAYERS TO SPEND MORE OR FAR MORE THAN THEY HAD PLANNED ON PISSING AWAY. How tough is that?

    Dancer is such a hypocrite. When he puts these foolish columns together, you'll never see him write about the time I watched as he begged for more credit at the Green Valley Ranch cage while they continually denied him for not paying off his existing five-figure marker on time. Nope. All you'll ever see is his insatiable need for the perception of wealth blah blah blah....one that obviously comes into question more and more with each passing day and each passing article filled with these claims and dumb insinuations. It's as if he looks down at all the little people who fill the machines up for him with their stupidity and penchant for being super-gullible.Are you one of them?

  2. #2
    Rob I don't know about Dancer's alleged credit problem but a credit line is a smart and safe way NOT to carry large amounts of cash.

  3. #3
    Originally Posted by Alan Mendelson View Post
    Rob I don't know about Dancer's alleged credit problem but a credit line is a smart and safe way NOT to carry large amounts of cash.
    Man up Alan. Cash is KING!

  4. #4
    Originally Posted by quahaug View Post
    Man up Alan. Cash is KING!
    Sorry. Carrying cash is a liability and invites loss and injury.

  5. #5
    In the gambling world people simply carry cash because that's what they gamble with. Strong players know and understand this. They also know casino credit is nothing more than a casino tool that helps casinos build on their profits. That's why they want their best customers to have it. Plain & simple, or else there would be no such thing.

    Carrying large wads of cash is not the norm anywhere but at gambling locations. It is not any sort of liability and only those who look deep for justifications think that's the case. And Dancer would never keep writing about the same issue if he weren't trying hard to make himself believe in the things he says about it, when he does know much better.

  6. #6
    I may be a strong player but I am not a strong guy. I'm a pushover to anyone with a little muscle. Show me a gun and I will faint. Show me a knife and I will run as fast as I can. Threaten me and I will drop to my knees pleading for my life.

    I'll keep using casino credit. Thank you.

  7. #7
    Getting real, the majority of those who get cash from casino credit visit more than one casino, so by definition they're walking around with a large amount of cash if they didn't lose it all.

    So I guess I should leave my automatic home when we have dinner?

  8. #8
    I'm a firm believer in casino credit (markers). I don't like to carry cash and have had two life or death battles---1 in Vegas and one here in Chicago. I also used to maintain a bank account in Vegas so that I wouldn't have to transport cash to or from Vegas.

    I suppose that if one is weak and goes deeper into their credit line than they should it can be troublesome. But if someone is that weak, they will find other ways to go too deep, whether it is credit cards, ATMs or whatever.

    It is 30 days free interest, and it did, in the old days, result in much better comps.

  9. #9
    Originally Posted by Rob.Singer View Post
    Getting real, the majority of those who get cash from casino credit visit more than one casino,
    I have only one credit line at only one casino in Vegas. I do not use a credit line at Rincon or at any of the other casinos here in Southern California. And there is no need to.

    And yes Rob, leave your gun home.

  10. #10
    A 30-day interest free loan meant a lot more when there was actually interest that could be gotten somewhere.

    I noticed Westgate was offering two nights in a suite and $500 in free play to anyone who signed up and was approved for a 10K line of credit. What I discovered was that the $500 in free play chips was contingent upon four hours of play at $100 per wager. That fine print perturbed me enough that now I'm motivated to get the line of credit, take the two nights in a suite, and not play a dime.

  11. #11
    redietz if that $100 per wager includes play at craps it's a very good deal. I know that when I play $135 or $130 across that it is consider a full bet, and not individual bets on the 4, 5, 6, 9, 10 for example.

    If it means $100 per hand at blackjack it's a different story.

    Does it mean playing 5 coins at a $25 video poker machine?

  12. #12
    I think it means at blackjack or craps. I am going to try to negotiate a video poker equivalent with them.

    What bothered me was that the initial promos for the $500 in free play made no mention of minimum play requirements beyond the free play.

  13. #13
    This must have happened long time ago, Bob Dancer admits to being 86'ed at the Station properties.

    I do not see how casino credit is any different than a consumer credit card in which most adults posses, there are grace periods for people to pay off the bill and casinos give 30 days for the players to repay the markers. Of course it is to the benefit of the credit company for a person to be unable to pay off their bills so that they can collect high interest rates for as long as they are owed money. One can go on a shopping binge just like one can gamble beyond their means, its up to the person spending money not an external source extorting them to. At the same time credit cards provide buyer protection someone steals a wallet and uses a credit card in it, does not work the same way with cash.

    Even applying for credit, you have to provide your source of income (occupation title/employer) and your bank account for inquiries. Some casinos force people to agree on asset forfeiture (home property) for those applying for much larger credit.

    One visit to the ATM is practically the bankroll I can play with these days. But bank ATMs have a withdrawal limit of a few hundred and Credit Card Cash Advances often has a percentage charge (with accruing interest from the credit card company). Those that want to roll high, need this credit service as an effective way be able to transport their funds.

  14. #14
    I don't see this fascination with trying to justify a casino line of credit with a dislike of transporting and/or carrying whatever one considers a large amount of cash to be. Sure just like in any life-experience situation, there's gonna be very infrequent unpleasant events associated with anything. Ever eat something tantalizingly good but risky that the little voice in the back of your head told you not to do prior to boarding that plane?

    Anything can happen to anybody at any time, and if you have a penchant to worry about being robbed of cash at a gambling location where just about everyone you make eye contact with is carrying a wad, then you really don't know what you're doing--and why. I don't know how many times I said this: I drove from Phx. to & from multiple gambling locations throughout Nevada nearly every week for ten + years carrying anywhere between $17,000-$92,000--even several times on a Harley--and not once did I even come close to having a problem. The difference? I knew what I was doing and why, I knew I was not wearing a sign telling anyone anything about me, I am not a neurotic mess and I know what's going on rather well, and I know that in a job like professional gambling, it behooves one NEVER to do things exactly the way casinos want and expect their better customers to do them. Very simple common sense all around.

  15. #15
    If you are 100% certain you are not going to ever take casino credit more than you would otherwise have brought in cash, it's fine.

    Once you start taking credit above what you otherwise would have used as your stop-loss, that's where the problem begins.

    It's all about discipline.

    I don't use casino credit, but if I did, it would be for convenience, and I would never fall into its "trap".

    And this is coming from a guy who quits at exactly 2500 or 5000 tier credits in a day, win or lose.
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  16. #16
    To the Harley rider with $92,000 in cash: WTF? You're already risking your life so the money is meaningless.

    To the guy who quits -- win or lose -- at 5,000 tier points: that's $50,000 coin in -- win or lose and that's about as responsible as being on the Harley with $92,000.

    The more I read the more absurdities I swallow.

  17. #17
    Why is it absurd?

    If I play 5,000 tiers today, and you play 1,000 tiers 6 consecutive weeks (while I don't play again during that time), guess who has the greater expected loss?

    Hint: Not me.
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  18. #18
    I have a line of credit for convenience. I travel cross border and do not want to go to the bother of declaring that I have $10k or more of cash (or equivalent). If I have a win of more than $10k, I'll leave a portion at the cage as front money as I'm frequently in Vegas.

  19. #19
    I can see both sides. Thirty years ago, I maintained a line of credit at the Imperial Palace in case I was short Sunday for football, as I would not have cashed Saturday tickets by 7 AM Sunday and I watched NFL in the IP showroom, which was a great venue at the time.

    I understand Rob's perspective. I never minded carrying cash because, at the time, if I were carrying 20K to 40K or more on me, I could be relatively confident that there were at least 20-30 people in the sports books carrying much more. So nobody was going to target me when older people with obviously more cash were in the same place, walking to the same parking lots, etc.

    Rob knows what he's talking about here. It was not weird or high-risk or idiotic to tote cash 20-30 years ago. Cash also provided privacy, as LV was a place where you did anonymous things and gambled. Today it's a video arcade and party central for 95% of the visitors.

    Alan's a spotlight guy. He's in the business of being noticed, not avoiding notice, which is why this all seems alien and high risk to him.
    Last edited by redietz; 06-25-2015 at 09:56 AM.

  20. #20
    Originally Posted by Dan Druff View Post
    Why is it absurd?

    If I play 5,000 tiers today, and you play 1,000 tiers 6 consecutive weeks (while I don't play again during that time), guess who has the greater expected loss?

    Hint: Not me.
    I would agree with Dan on this one. Video Poker at Total Rewards property are very much a negative expectation game.

    The person playing 1000 tier credit per visit would actually need 7 visits to match what the person got in a single 5000 credit setting. So $70,000 coin in vs $50,000 coin in.

    1000 TC in a day gets just 1000 TC Bonus for a total of 2000TC.
    5000 TC DIAD with 10000 TC Bonus for a total of 15000TC.

    Edit: Make that 8 visits, 14k TC does not get you in Diamond, you need to play 1000TC more in which you will make it and have 1000TC more than you need.

    Thus if any person is to pursue Diamond status, they would be wise to allocate bankroll enough to play 5000 TC with less than 1% risk of ruin.

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