100xOdds
100xOdds
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Joined: Feb 5, 2012
September 28th, 2012 at 2:34:52 PM permalink
Lets say you're on a hot streak at BJ or craps and win $X.

At what point would you take a check instead of cash? WHY?

For me it'll be $10k, the point for which i have to fill out a CTR.
if my winnings are going to be reported, i might as well have the convience of a check instead of lugging around $10k cash and trying to deposit it, in which my bank would probably tell me to fill out another CTR.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
AlanMendelson
AlanMendelson
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September 28th, 2012 at 2:41:11 PM permalink
The CTR is filled out and filed by the casino, not by you. So it doesn't matter if you take cash or a check.

I take a check when it is safer to do so and carrying too much cash makes me nervous.

I also take a check when I don't want to allow myself to gamble away the wins. At a local casino I once asked for a check when I hit for only $2,000 because the win came on "free play" and I didn't want to give back any of the win.

Taking cash or taking a check? It's a nice problem to have. I wish I had that problem every time I go to a casino.
1BB
1BB
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September 28th, 2012 at 2:48:33 PM permalink
Isn't a CTR for cash only?
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
Ibeatyouraces
Ibeatyouraces
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September 28th, 2012 at 3:59:41 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
DeMango
DeMango
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September 28th, 2012 at 4:26:02 PM permalink
Are there any real alternatives? $10,000 in $100 bills is really uncomfortable to carry. Can you buy 500 euro notes? And if you do use checks, can say a $10,000 check by Wynn be deposited and played with at the same day at Bellagio?
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
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