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Playing to your line of credit

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crap808

Tourist
Joined
Jan 24, 2016
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83
Trips to Las Vegas
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if a player has a $10k line of credit and stays 2 nights. How much do you have to play per hand of black jack and for how many hours a day to be considered playing to the $10k line of credit.
 
I've always assumed that phrase meant you had markers out for the entire line at some point.
 
Chuck2009x said:
I've always assumed that phrase meant you had markers out for the entire line at some point.
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Agreed.

@OP - What are you asking? Are you asking how much play you need to "justify" having taken out the markers without "penalty". If so, the casino is looking for LOSSES to justify the marker takeout.

Twice I have taken out markers at casinos and didn't show equivalent "losses", and the markers were deposited quickly. Every other time I was given 30 days.
 
I don't think that's what "playing to your credit line" means.

I was reaching out to a host at a property last year that I had never played at and he was trying to establish what type of player I am. He mentioned that he has new players that get a $25k credit line to get upfront comps and then don't play up to their credit line by not playing as big as he was expecting and I took that to mean avg bet size and Theo generated.
 
I don't have a line of credit so take this with a grain of salt, but I would guess that they want to see buy-ins that total at least your line of credit amount. So you probably need at least 10, $1000 buy-ins. I'm a cash player and they can pretty much tel what I am willing to risk I would think. There is no point in the $10k line if you are only willing to put $5k at risk, they are able to figure it out and may reduce your line accordingly.
 
They expect you to play to a Theo range expected from a 10k bankroll. My guess would be somewhere in the 2k-5k Theo neighborhood. You don't have to take out the full line.

Edit to add: with a 10k, the casinos probably don't even have a minimum play requirement....other than you just need to use it every once in awhile to keep it active. With bigger lines, they may reduce your line if you don't play at that level. This is most likely to prevent someone from taking money for a free 30-day loan.
 
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I'm not sure you understand the way a line of credit works...or maybe I don't. I have $5,000 lines of credit at 6 casinos in Las Vegas (total: $30,000). I have this so that I can go from one to the other and not worry about having cash on me; I just take a marker at the table. The marker is usually for $1,000 to play craps. On any given trip I may take out 1 marker, 2 markers or zero markers. I have never taken out 5 markers for my full $5,000. I may play for an hour or I may play for 6 hours...depends on how I feel and if I'm winning. I am a moderate-low roller. With this I get many comped rooms and most of my food is free as well. My upcoming trip is 17 days and I don't plan on paying for a hotel room. The only meals I plan on paying for are some off-Strip restaurants that I will want to try.
 

  • Another Strip/DT/Off-Strip Trip
I pretty much agree with smerrrian and want to add that your play has really nothing to do with the size of your credit line, other than the amount that you have at your disposal.

You can have a $10,000 credit line but choose to play penny slots at $2.00 a pull. You credit line doesn't enter into that occasion unless you don't provide play against it.

For example, you have a $10,000 credit line, take out $5,000 and then play low action penny slots for 20 minutes and then quit playing.
 
But the point is if you have a large credit line and play low, you aren't playing up to your credit line as you could have played the same with a much lower credit line.

I also don't think playing to your credit line has anything to do with whether you ever have your full credit line out at one time or not. There are trips when I may take out one marker and get on a hot streak and never have to take out another marker on that trip, but my bet size (and Theo) would still indicate that I am playing to my credit line, or higher.
 
Credit line does not equal play - just something to begin the evaluation process.

Many players that are even at full suite and RFB have no credit line. They still get great comps.

And I am sure there are players with a $10,000 line of credit that are getting very low and in some situations, zero comps.

There is no requirement to play to the credit line. When someone says they need a large credit line or deposit upfront money to a host, they also indicate they will be playing lots of money. When they don't, I would GUESS the host might be a bit taken back. But, in the end comps are tied to play. Not on upfront money, credit line or all the promises in the world from the big shot player.
 
They only care about if you take out a marker and then only play with a small portion of it and take the money elsewhere. They expect you to use the money you take out at their casino and then to pay it off if you win. Those are the only rules. Size of your credit line or how much you take in markers against the credit line have no bearing on your standing with the casino...only how much you are betting.

Second. The only time they may look to change your credit line is when your license expires or your credit line has sat unused for over a year. When you go back to re-activate the credit line they may look to see that the bank accounts tied to it have around enough money to cover new markers taken on the account. But to address the OP: They never lower your credit line because you haven't taken out enough money. They gave you that credit line because your bank accounts showed you can handle that much debt if you lose. They figure sooner or later you're going to have a really bad trip and they'll get the $10,000 out of you...or as close as you're willing to go.
 
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  • Another Strip/DT/Off-Strip Trip
smerrian said:
They only care about if you take out a marker and then only play with a small portion of it and take the money elsewhere. They expect you to use the money you take out at their casino and then to pay it off if you win. Those are the only rules. Size of your credit line or how much you take in markers against the credit line have no bearing on your standing with the casino...only how much you are betting.

Second. The only time they may look to change your credit line is when your license expires or your credit line has sat unused for over a year. When you go back to re-activate the credit line they may look to see that the bank accounts tied to it have around enough money to cover new markers taken on the account. But to address the OP: They never lower your credit line because you haven't taken out enough money. They gave you that credit line because your bank accounts showed you can handle that much debt if you lose. They figure sooner or later you're going to have a really bad trip and they'll get the $10,000 out of you...or as close as you're willing to go.
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With a 10k line, I agree, will probably never lower the line if you don't play to the expectations of the line. However, with a large line, I do believe they will lower it if you have a history of not playing to what's expected from that line amount. This is mostly because they don't want someone with say a 100k line taking out 75k in markers, yet only playing a fraction of that, then going home with all the cash. That's essentially a 30-day free loan. Of course, the hassle in trying to squirrel away that much in cash, from markers, over a trip would be very tedious, as you would have to either cash out many TITOs, or make multiple trips to the cage to cash in chips (preferably $500 denom and lower)...that's a lot of work. A lot of casinos will now deposit markers within 3 days, if the outstanding markers total 5k or less. So, for small lines, the abuse is nearly negligible.
 
Also, some casinos...I know Stations casinos does this...if your line is greater than 10k, then it is only active on a per trip basis. In other words, at Stations properties, like GVR and Red Rock, if you have a line higher than 10k, you have to sign to activate it each trip. I don't think any strip properties do this.
 
vegasmeister said:
But the point is if you have a large credit line and play low, you aren't playing up to your credit line as you could have played the same with a much lower credit line.

I also don't think playing to your credit line has anything to do with whether you ever have your full credit line out at one time or not. There are trips when I may take out one marker and get on a hot streak and never have to take out another marker on that trip, but my bet size (and Theo) would still indicate that I am playing to my credit line, or higher.
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Yeah I get your point and mostly agree. It's more about not making a fake show of setting up a big line or front money to make an impression and then not playing big.
 
They also can lower your loc if you never play up to it.

Ex. 100k line but you only play up to 10k
 
Thanks for the info. I had heard the term but wasn't quite sure what it meant.
 
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