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Parlay payouts

Discussion in 'The Sports Book' started by Gdicke13, Aug 24, 2014.

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  1. Gdicke13

    Gdicke13 Low-Roller

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    I'm full of questions today! Just getting excited for my October trip. This past July I hit a couple of big baseball parlays, Around 5k each. When I cashed them in at the window the teller said "you want cash? I took cash, but didn't feel comfortable w that much $$ on me. What's the alternative? Will they print you up a check on the spot? I hope to have the same"problem" in October! Thanks a ton guys!!
     
  2. pleepleus

    pleepleus 2016 - The monkey is back

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    Sportsbooks also have chips.
     
  3. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    This is correct. Be aware, however, that the few times I have taken chips, they are sportsbook chips. Meaning you can't then take them to a BJ table and start playing them. There is a process to change them over to table chips, but its a bit of a pain. you can use the book chips to continue making sports bets, or just cash them in at the main cage when you are ready
     
  4. phan

    phan Low-Roller

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    I am hoping to have this problem on my Oct/Nov trip!
     
  5. chonglosaxon

    chonglosaxon MIA

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    He was asking if you wanted to bet out of that, It's common practice whenever you cash a ticket,they always ask any bets?

    and yes, they can give you chips, just like you can place a bet with casino chips.
     
  6. chitownjohn

    chitownjohn High-Roller

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    I knew a guy that was a runner for a group of sports betters that would normally bet in 10K+ increments. He said he always took chips because it circumvented the IRS rule of tracking cash payments over 10K
     
  7. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I know a guy who does the same, although I always thought it was just for convenience in carrying it around. Eventually, the chips get cashed
     
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