The WoV Thread

[coach belly]

So they can receive a check, contrary to what you just satated.

They can receive a check for a casino verified win,
not to exchange "dropped" cash for a check.

The player who wins 40K can request a check for the winnings,
but he can't exchange 50K in cash for a check, even if he exchanges
the cash for chips, then attempts to exchange chips for a check.

That may once have been possible, but not possible now.

[AndrewG]

That's money laundering.

You are concealing the origin of the cash, and exchanging it
so that it appears to come from a legitimate source.

You do that every time you make any transaction. The second you exchange money for chips (or anything else) it is money laundering.

Ridiculous. Money laundering requires intent.

[kewlJ]

According to Nevada Gaming regulations if they won half of a million they're entitled to cash and the casinos must have cash available equal to every chip.

Entitled to it, yes. But the player certainly can request a check and I would suspect in most cases does. No one is going to want to walk around with 500k cash, 100k cash, even 30 or 40k cash.

Coach belly is saying you can't request a check when cashing out chips.

[kewlJ]

Andrew, please go back and read posts #7175 and 7177 to understand what we are talking about.

[coach belly]

You do that every time you make any transaction.

Not for amounts greater than 10K.

Even multiple transactions less than 10K will be flagged as structuring.

Anyway, for the purpose of this discussion you should admit that MDawg has won,
that he has not been fabricating his daily reports, nor has he been exchanging
cash buy-ins for casino checks to create the illusion of winning.

That is not possible.

If you are so sure that he's been lying,
then take him up on his latest challenge,
should be easy money.

Just ask DO.

[kewlJ]

They can receive a check for a casino verified win,

You are talking in circles here. This started with me saying.....well Mdawg saying he placed his winning chips in a bag each day. And I susggested he cashed in that bag today. According to you, these were all verified win, that the casino had recorded, balancing the chip rack. he just hadn't cashed them in until today. So today he cashed in those verified winning chips and requested a check, which he sent an image to wizard.

You said he couldn't do that.

[coach belly]

Coach belly is saying you can't request a check when cashing out chips.

You cannot request a check unless it's a casino verified win.

You can't buy chips for cash, then cash out chips for a check without winning.

That's money laundering...they won't do it.

[coach belly]

You said he couldn't do that.

He won those chips, that's why he can request a check.

If he owed markers, he would be required to pay the markers first.

If he bought in with cash, then he can request a check for the winnings (which are legit)
buy no they will not issue a check to cover his cash buy-ins.

[kewlJ]

You cannot request a check unless it's a casino verified win.

These ARE verified wins. He won whatever amount each day and shoved it in a bag. You told me the casinos have it on record that he wonhaving balanced everything out each day. So they were just waiting for him to cash out the chips which he did today. All verified.

You can't buy chips for cash, then cash out chips for a check without winning.

He did win. These are the chips from winning days. (there are losing days also, but he doesn't mention them)

You are going in circles.

[kewlJ]

Coach belly, you are either completely nuts or just always being a dick. I suspect a poll would be petty lopsided as to which. I am done with you again.

[coach belly]

I would not vouch for that unless I spoke to the cage and they verified that.

Would you be willing to meet MDawg to verify the meaning of the check's memo at the cage?

Yes

I am in negotiations with MD to make this happen.

Can you PM me on WOV?

[coach belly]

Coach belly, you are either completely nuts or just always being a dick.

Listen up...you are insisting that MDawg did not win the amount on the check that he showed to Shack.

You think that he could have bought in for cash, converted the cash to chips,
presented the chips at the cage, and requested a check.

That is not possible. Deal with it.

[kewlJ]

Coach belly, you are either completely nuts or just always being a dick.

Listen up...you are insisting that MDawg did not win the amount on the check that he showed to Shack.

You think that he could have bought in for cash, converted the cash to chips,
presented the chips at the cage, and requested a check.

That is not possible. Deal with it.

That is not what I said at all. I said those chips were from winning days. Actually, it wasn't me that daid it, it was Mdawg. let me repeat if for you and i will type slow. Those chips in that bag were from winning days. He just kept socking away the chips from winning days in the bag, while the losing days, get no mention. So now he has a bag of 100k in chips from many winning days. He cashes them out and requests a check. And the check and the notation of 'winnings' makes it look (and he claims) one big winning day, when in fact they were many smaller winning days that he had already reported.

[coach belly]

And the check and the notation of 'winnings makes it look (and he claims) one big winning day, when in fact they were many smaller winning days that he had already reported.

Nope...he never claimed that.

You are deliberately and dishonestly misrepresenting what MDawg wrote.

This is why nobody believes anything that you write.

You need to come to grips with being wrong...but it must be difficult when you are always wrong.

[redietz]

you are telling me that when Charles Barkley, or Michael Jorden are playing blackjack for $50,000 a hand as it has been reported and they have a winning night, maybe cahing out at $500k or a million dollars, they are paid in cash?

What are you thinking, that these guys buy in with suitcases full of cash?

They pull markers, they pay their markers, and if they win then they can receive a check.

But they can't buy in for 500K in cash, break even and convert that cash to a check.

Are you sure that you know anything about how casinos work?

Can you prove that you do, because right now it sounds like you're clueless.

Technically, coach, if you think this is "how casinos work," you are wrong. Now this is what a sports bettor can do. Go to Casino A and bet 55K on Team A +7. Go to Casino B and bet 55K on Team B -6 1/2. Hope to win one and push one, but if you don't, you can request a check.

Voila. You have a check for 105K. You haven't "broken even," but you had a chance to win and push, which more than negates the stipend you're paying to execute the transactions. You've converted your non-winning wagers to a "winning" notation for 105K.

Coach, you need to broaden your horizons.

[kewlJ]

Nope...he never claimed that.

You are deliberately and dishonestly misrepresenting what MDawg wrote.

Here is the quote, word for word and where it is located.

Now here is a quote from 5/20 11:07am. "Every time I win, I shove the large denominations of the winner's chips into the zippered pouch of the winner's envelope and put it in a hotel safety deposit box, and cash out the under 100 sums, in ones and fives, to use as tips."

So he accumulated a bag of chips from winning days, which he cashed out today.

[coach belly]

Voila. You have a check for 100K.

The bettor will have won from whichever casino cuts the check.

If he bet both sides at the same store on the same account then there would be no check issued.

That's why this scenario does not apply to MDawg, whose action is at the same casino.

In your scenario I suspect that the CTRs and/or STRs would expose
the bettor to government scrutiny, if the bets are made with cash.

Just ask the Jelinski brothers.

[coach belly]

Nope...he never claimed that.

You are deliberately and dishonestly misrepresenting what MDawg wrote.

Here is the quote, word for word and where it is located.

Now here is a quote from 5/20 11:07am. "Every time I win, I shove the large denominations of the winner's chips into the zippered pouch of the winner's envelope and put it in a hotel safety deposit box, and cash out the under 100 sums, in ones and fives, to use as tips."

So he accumulated a bag of chips from winning days, which he cashed out today.

He did not represent his 100K check as a single day win, which is what you claim here...

the notation of 'winnings' makes it look (and he claims) one big winning day

He posts his daily results, so it's obvious that the 100K win is cumulative, not one day's winnings.

[kewlJ]

You are intentionally going in circles (playing games) as you always do. And you are conflating rules and regulations regarding CTR's which has nothing to do with what we are talking about. You are just all over the place and I don't think it is by accident. It is coach belly typical games. That is why there is barely anyone that even engages with you anymore.

[coach belly]

You are intentionally going in circles (playing games) as you always do.

I am quoting and disputing what you wrote. You are wrong but you won't admit it.

You can't accept that MDawg won 100K playing a -EV game.

That must be devastating to you.

The circle is the motion you make with your index finger pointing at your numbskull.