How Do Casino Markers Work

Card marking is often used to cheat when gambling or for card tricks.Many casinos, particularly those in Las Vegas alter the decks of cards they sell to tourists – either by punching holes through the middle of cards or trimming their edges – to prevent cheaters from returning to the game tables after buying the cards and then slipping the favorable cards into their hands when playing. Take the Tonkawa Hotel & Casino, operated by the Tonkawa tribe and one of the few casinos in Oklahoma that chose to go back into business when the state’s lockdown on nonessential businesses. The Law Office of Joel M. Mann provides residents of Las Vegas and Southern Nevada with criminal defense representation for a wide.

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• How Do Casino Markers Working
• How Do Casino Markers Work
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How Do Casino Markers Work In

Papa,
You can turn those chips into cash, or use those chips anywhere on a table game, in the sense that once you got the casino chips, you can use them anywhere in the casino. So, you can go back to the cage ('cashier') and turn them back into cash - to use them in to race or sports book, or poker room - which you can, after conversion.
Casino money is good anywhere in that casino, or convertable in cash via the cage, - to use anywhere in the casino AS YOU SEE FIT - so as long as you will pay it back.
If you even wanted to be slick, you can use that advance as a 0% interest rate short term loan, if you were to practice bad faith about about casino patronage - and which the house would catch on to.
My position is that at this day and age - with ATMs and Bank Credit lines all over the place - that Markers are a bit of an old-school gimmick to patronize customers that work as a hook, so don't abuse it.
That is to say, don't use it as a short term loan. Aside from that, gamble with it ANYWHERE in the same casino, even if you converted it back into cash to use at the same casino's sports book or poker room.
As a dealer in the casino in the LV area, the small $500 to $1,000 markers that were occasionally used by pretentious middle-class players who pretended that that were wealthy old-school high-rollers - when they were either middle-class workers at most, or were broke but still had a good but fading credit rating, went to either no table action or into default arears, particularly in these new days of the ATM machine where they check your actual bank account balance.
To this I also often wondered, 'who were they trying to impress?' The Asian immigrant dealers who couldn't care less about these 'Amelican show-off plicks' snapping their hands for service like wanna-be high-rollers after getting a $500 marker - and showing up at tables demanding 'service', or the drunk tourists that they sat next to??!!
If a man with a $2,000 a month mortgage cannot pull out even $500 from an ATM machine to play his Blackjack, then why would a casino even consider giving him a $500 marker?
And if a man is truly rich enough in terms of world-class amounts - then WHY does he have to BORROW it in order to gamble??
When you consider that the $500 or $1000 cash advance via a casino marker is actually less than a typical house rental or mortgage fee, are we stating that this amount is more convienient 'as borrowed' than an ATM withdrawl IF HE ACTUALLY HAD that needed money??
If you don't has the discretionary cash at hand to gamble, to the point where you actually need CASH LOANS from A CASINO to GAMBLE in the days of ATM machines and global banking, then something is serious wrong with both your gambling habits and with the casino loaning to you.
My position is this:
1. If you are financially comfortable enough to gamble, then you certainly don't need to BORROW from a casino to do so; and
2. If you are NOT comfortable enough to gamble, then you also certainly don't need to BORROW from a casino, in order NOT to do so. That's different.I think you all are missing another aspect of casino credit.
I have to go through airport security, and $3000 in cash is a wad, no matter how well you try to hide it. Then I get to Vegas, and have to hope my cab ride does not have any issues. I also have to make sure my bankroll does not get lost. Of course, patting my pocket a dozen times just points to where my money is. Finally, on the morbid side, if something were to happen to the plane going out, or coming home, $3000 does not end up in my children's inheritance.
ATMs with their high casino fees are a cash cow for the ATM holders. They are not a viable option for getting cash for all but serious emergencies.

I think you all are missing another aspect of casino credit.
I have to go through airport security, and $3000 in cash is a wad, no matter how well you try to hide it. Then I get to Vegas, and have to hope my cab ride does not have any issues. I also have to make sure my bankroll does not get lost. Of course, patting my pocket a dozen times just points to where my money is. Finally, on the morbid side, if something were to happen to the plane going out, or coming home, $3000 does not end up in my children's inheritance.
ATMs with their high casino fees are a cash cow for the ATM holders. They are not a viable option for getting cash for all but serious emergencies.

I agree that Casino Credit is more of a way to get money from your bank account with no fees or hassle, rather than being a lending institution as we commonly think of one.

If anyone has a better idea about how to get funds to Vegas, I'm interested (for next trip).

Wells Fargo, Bank of America and other national banks have branches in the Las Vegas Valley. It is not the most convenient way to do it, (especially if you come in on a Sunday, or after hours) but you avoid traveling through the airport with large wads of cash. It also means it is possible, (but again, not convenient)to make a deposit before you leave, saving you the stress of toting the bundle of Benjamins back home.
Markers are great as long as you stay within your means. It is a convenient way to track your losses for IRS purposes too. Think of it as an extension of your checking account, because that is exactly what it is. If you don't pay it back, BAM, the casino presents the marker as a draft against your bank account.Papa,
That's a good point. It's just that - as a dealer - I has seen a lot of horrible marker disasters, especially when used as a 'high-roller' pretense, but a million 'no problem' banking transfers, including many with banks, real estate offices in Las Vegas, and with Western Union. When I moved to Las Vegas, I had my NY City bank (Chase) wire $80,000 to buy a condo over the phone to my broker's office, with a verbal interview to establish who I am.
So you can:

How Do Casino Markers Working

1. Wire from bank to bank branch, to the city your going to, if your bank has branches in both your hometown and LV.
2. Now.....If it is difficult for a Casino's own Cage to handle fancy bank transfers, then this has GOT to tell you how very rare this action is - or the casino your dealing with is a dive, and NOT the Venetian!
3. But....the Venetian or the Wynn or the Bellagio has GOT to be experienced in this money transfer area. If I may ask - what Casino had a problem with a bank transfer??
3. AMEX traveler's checks ( or 'cheques', as they refer to them ) - cashed at any nation Bank or Western Union office.

How Do Casino Markers Work

4. Contact Western Union about your situation, especially if you have both a valid driver's license and a passport.
5. The biggest table buy-in I ever did was about $2,000. I cannot see buying into a table for more than $10,000, unless your an International Billionaire who co-starred in an Austin Powers movie and you're staying at Caesars Palace or the Wynn with Dr. Evil. C'mon now, Illegal Mexican Immigrans transfer $2 Billion a year out of the country from Tobacco shops in our country's inner city slums, and we can't get you to transfer about $10K in cash within the country for a good bit of table action in Las Vegas as a fellow American?
6. Card counters used to strap $30,000 in cash on their bodies with duck tape going between Las Vegas and Boston. Now, with the body scanners, that would be spotted. But you could buy about $10,000 in cashable postal or Western Union Money orders at $500 each, and that would fit into your wallet - numbering 20 in count. No casino cage, Hotel, or Money office would have a problem with Bona fide Money orders and passport/driver's id.

How Do Casino Markers Work From Home

Just some ideas.