When is it worth the time for casino credit/ getting a marker

At what cash level would you consider going the casino credit/ marker route? Obviously ATM fees and daily limits prevent you from withdrawing a lot of cash. I don't like to carry tons of cash on my person as it could be easily lost, stolen, etc...

I've got the cash in the bank to cover my bankroll but just curious as to what's a decent threshold to deal with the hassle of a marker and also not to hassle the pit bosses too much.

 

It really depends on what you feel like carrying. Personally I think north of 10k you should consider just opening up a line. But a lot of people may not care about carrying that much cash all the time, others may want to do it for much less.

A couple of things though:
1) It's not a hassle to open up a line, in fact it's suspiciously simple. Its also not a hassle to take a marker out at the tables, you just hand over your players card or ID and tell them how much you want.

2) It's a big part of the pit bosses job and I don't think its a hassle for them. They don't really seem to need to do much other than check the system then get your signature when the marker arrives. Someone else delivers the marker to the pit (I assume from the cage) so it may be a hassle to them both if you keep taking out tiny markers one after another. I've seen guys who do that, they'll keep taking out something like 1k at a time and losing it in a few hands. Instead of just taking out a bigger marker. That's probably annoying.

 

I'm a low roller. My LOC is for $15,000 and I usually tap it at the cage for $2,000 at a time. Over 2K requires an extra signature approval, so just easier/quicker to stay at that number each time. At the crap table it's the same thing. I show my card and get 2K. It couldn't be easier. Now the winning part is another matter. :evillaugh

But as stated above, really no hassle involved. I just opened another at Suncoast and they just copied all my info from MSS. When I got there I just had to show my ID to validate the LOC. Both are part of Boyd Gaming.

 

That's a low roller? YIKES!!

 

Honestly, compared to many on the board, that is low rolling. I have never gone over 8K on the LOC, but it's nice to know it's there.

We're retired and have disposable income to afford about 5 trips to Vegas per year. Sometimes we even win, but not lately!

 

But in my opinion, you can't really use this board to define "low roller". Anyone who utilizes a LOC is NOT a low roller. Mid roller at least. As for me, next trip is 6 days, will bring $350ish and will allow myself one withdrawal of 400ish or so.

Hard to say because Nevada has terrible gaming statistics but I would be surprised if half of players lose more than $250/day on average. In Illinois, for example, the average patron loses $100, so in that area a "low roller" should lose less than that on average. The strip/downtown will be higher than $100/day thanks to tourists obviously, but if you are people's definition of a "low roller" then I must be a pissant!

 

Wow, wish I was a low roller like Joe, lol. I have a line of credit of $1000 at the Cal, $2000 at MSS and the fremont. A few weeks ago I asked for a raise in my credit limit at the MSS, they ran a check on my checking account and only could give me a LOC increase to $2500. Too bad they didn't look at my savings and CD's as they total over $20k. Oh well, it keeps me from overspending I guess.

Most of the time I don't take a lot of cash up with me (usually $500), I would rather take out markers and use the casino's money for all expenses. I also don't like to carry around a lot of money with me so I usually take out $300 or $400 daily, sometimes even $200 daily.

No fees, I just pay it back a few weeks after I return home and get the statement from the casino.

I always go to the cashier cage to take out my marker, that way I don't have to worry about the tables or my bets or waiting on my marker request. The cashier never questioned my marker and I was never penalized because I didn't use the money from the marker to gamble at that casino (maybe my low limit was my penalty, I don't know).

I use the marker to pay for just about all my expenses, food, gambling, night life, etc.

Not sure but the strip properties could have higher LOC minimums or require you to take out a certain amount with your marker or may even require you to use the marker for play at that casino but IMHO most of the downtown casinos probably aren't as rigid with your marker.

 

I didn't go for a line of credit until my average trip bankroll wen over the 10k mark. I'm ok carrying 10k in cash, but over that was a bit much. I only have one line of credit currently, it's at Cosmo, and it was a very easy process. The very first time you use it you have to sign a few forms, but otherwise it's super easy to draw against. The pit bosses are always more than happy to help out

 

Are there any other options between bringing cash and getting a marker?

Can a casinos just let you cash a check?

 

Yes. Wire front money to the casino

 

I agree with the posts that its really a personal question of how much you are comfortable carrying around. For me, when I first realized that I was willing to wager up to $15k on a trip, I went ahead and got a LOC for that amount

 

My budget is typically $500 per day in Vegas. I have a $5000 line of credit at Bellagio, Planet Ho and Aria. I will not think twice of throwing a $5 horn high yo on the come out, but hate to play the $4 ATM fee for each withdrawal. Piece of cake to set it up - do it in advance online and you also fax them a form with a signature.

 

yes they can but the use a company called snyegy that will only aprove you for a certian amount and theres is a fee, cet waives it foe diamon players.

next time go to a cage a just see what the will let you write a check for so you know. mine was 2200 a month.


on a side note if you have a amex black card you can take out 10 grand in a day in a one month period ,yes theres are some fees but its come in handy ive turned then 10 grand into 100 grand after being down alot

 

on a side not i live behind aria they would send me home to get more money by limo each time i was dowm, went 3 times spent 12 hours at the bj tables

my doorman got a laugh of me going back and forth

 

I'm curious...
You guys that have $5000+ LOC's...does that mean you have that much just "sitting" in an account somewhere??
I've never tried to get a LOC, but I also didn't think they'd approve me one unless I had an account with at least that much just "sitting"...

 

Damn, tell me what you do for a living...so I can start doing it!

 

they take a 6 month average balance is what i was told, also i was able submit stock portfolio as a secondary they didnt ask for it , i asked could i becuase of you first question as i move my money around

it was real easy to get

 

i used to say i drank on exspense accounts a destroyed musican jobs, that was our running joke in the bussiness but i worked in the music industry for 30 years now i do nothing but in ejoy vegas and travel the world.

i guess somebody had to do it

 

The $4 ATM fee annoys me. No matter how much money I ever make, I don't like to just throw money away like that if I can avoid that. That's a couple of pbr tall boys and a snickers!

My budget is more along your lines. This trip I'll be playing mostly at Cosmo but I'm normally a NYNY or Monte Carlo player and sometimes roulette at aria as there is an awesome dealer there that talks like he's in a Kung fu movie. Sure it helps to win, but I like a dealer that I can bullshit with during a game of dumb luck like roulette. I figure it's worth a shot as worst they can say is no, but at same time does it count as a hard pull on your credit?

 

im sure if this towards me , but if you use your debit card then yes the fess are a hard fee taken out ouf your account usually 4.99 to 5.99

if its a check depening on your players card status it can be waved and they will just cah your check straight.

most hotel will cash hotel guests a 1 time check for free of usualy 100$