Discussion in 'Casino Gaming' started by newmans, Aug 7, 2014.
Do you play differently when you play with cash than you do when you have a line of credit/markers?
i do not play differently, but it is more psychologically disheartening when playing cash only and you can see and feel your wad diminish to where you no longer need the rubberband...lol. To combat this, I keep a wad of cash on me, but play with my LoC.
I play pretty much the same, but I may not last as long. I have access to more $$$ with a line of credit than I feel comfortable carrying around.
Cash so if I hit the wall on my daily budget I will stop.
Line of credit, markers, Vegas & drinking are a bad combo for me. I learned the hard way........cash only trips for me now.
Now? No. But the first few times I played with credit, I absolutely chased way too much when I was getting my ass kicked (particularity in wee hours after many drinks). With cash, I would eventually have to go back to the room to reload. That gave me time to cool down and realize that it was time to take a break. With credit it's awfully easy to say, "give me another $X".
I don't know what has changed. But for some reason, I don't run into those issues these days. Maybe I learned my lesson. Maybe I'm just getting old.
i love the loc, it give 30 days , especialy with its set up in a few casinos, i dont have to cary large amount of cash and i can play as i feel like it. also it does get the pit critters attention more so i can get my own table or chase of a rude drunk or idiot like i happend to me the other night at Bellagio , the pit crit just up the table to 500$ as they dont have no mid shoe on dd and this idiot was running from table to table every 10 minutes playing 2 hands and leaving.
I do the same thing, but instead of a rubber band I use an envelope!
That's one way to do it hahahahaha
Been there done that too! At the beginning of the trip I had this huge thick rubber band and by the end it was one of those tiny rubber bands or just the tiny rubber band with no money. LOL. Not anymore though, Its credit lines only. And im much older and wiser. Not it is all about money Mgmt!
Straight cash. I wire 3 days before and when its gone, its gone. It all comes home with me in cash though and if i win, i usually by a couple nice cars, one time i paid off my moms house, bought watches, once bought 3 gold bullion bricks and many others.
I dont go to Vegas as much as you guys but I always have a great time.
No markers/credits whatsoever. It is all my own dough. Win or lose I must take personal responsibility. Wynn's second portion of his interview stressed it best when you are playing on credit.
Before I understood what a LoC at a casino really was, I also had this belief. Now that I understand how the LoC works, I wonder why I didn't set one up sooner.
I bring enough cash to hopefully last for the entire trip, but when it runs out, I tap the LOC. I can't say I play any differently between the two.
Please enlighten me what is a LoC?
Line of Credit.
you mean its not a line off coke , ive been hitting the wrong thing.
I have debated opening a line but would prefer to just stick to taking half in cash and then using my ATM to pull out more if needed.
One thing I will probably do is open a separate "Vegas" account and use that to dump extra money into here and there and to keep it totally separate from everything else.
The Cliff's Notes: when you take out a marker, you're essentially writing the casino a check that they can deposit/cash if you don't pay them back. They've checked out your bank account. They know you're easily good for the money (or at least you were at the time you applied - and the six months to a year prior to that). And they have your account number, routing number and your consent to take that money out of your account.
Can you still get in over your head? Of course. But it ain't easy like it is with other types of credit. And not paying the casino - as they make abundantly clear on the credit application - is a felony in Nevada. (Not to mention, I'm willing to bet that Steve Wynn's debt collectors are significantly more persuasive than those of Capital One.)
Yeah they will come after you much like they did with Antoine Walker!
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