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$100s no longer play at bellagio

Discussion in 'The Poker Room' started by meyers67, Jul 30, 2015.

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  1. meyers67

    meyers67 High-Roller

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    I just found out about this new rule earlier this month. Does anyone know the reason for this rule change?
     
  2. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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  3. shifter

    shifter Degenerate Gambler

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    The Man doesn't like cash because it can't be tracked.
     
  4. Auggie

    Auggie Dovahkiin

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    First, to clarify: its not just Bellagio. There might not be any casinos left in the Las Vegas area that allow cash to play in poker games.

    And then while this is implemented at all levels of play, it is mainly about the higher stakes players. These are the three main reasons and while they might not all make sense at the lower stakes, they all do at the higher stakes (IE: people don't really sit in a cash game with a stack of 100 $1 bills so having to count them isn't really an issue)

    1) Tax evasion. Easier to evade taxes with cash instead of chips.

    2) "Going South." When somebody went on a break from the game (bathroom, dinner, needed some air, smoke break) they usually leave their chips at the table, but it was pretty common for players to take the cash with them... then when they come back they don't put all the cash back out on the table.

    3) Trust and the integrity of the game. Just because somebody tells you there is 100 bills in that stack doesn't mean there really is so unless you absolutely trust that person you would be more likely to stop and count the money to make sure it all adds up. Counterfeit bills is also another issue: not really talking about an entire stack of fake bills but if you had a couple of $500 bundles of 25x $20 bills by just replacing 5 bills from a bundle is going to get you an extra $100 and if they are half decent fakes its not likely somebody is going to notice until much later (if they unwrap the bundle their primary concern is probably going to be to count the bills, not check 'em for fakes)
     
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