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Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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March 27th, 2012 at 7:12:26 AM permalink
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"And that's the bottom lineeeee, cuz Stone Cold said so!"
teddys
teddys
Joined: Nov 14, 2009
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March 27th, 2012 at 8:43:17 AM permalink
You need a passport, enhanced drivers license, or a passport card to cross the border. The passport card is cheaper than a passport, but takes the same amount of time. The enhanced drivers license is only available in border states like Michigan and New York.

Not to pile on CW, but $100 USD gets you $96 CAD and $100 CAD gets you $99 USD. While that's a pretty good exchange rate compared to other places, its still a 4 point spread and if you just stand there changing money all day you will eventually go broke. You'd think they would offer a equitable rate since they are already reaming you on the gambling.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
WongBo
WongBo
Joined: Feb 3, 2012
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March 27th, 2012 at 8:54:29 AM permalink
why am i not surprised they have a house edge on the currency exchange?
In a bet, there is a fool and a thief. - Proverb.
Tiltpoul
Tiltpoul
Joined: May 5, 2010
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March 27th, 2012 at 10:13:38 AM permalink
Quote: WongBo

why am i not surprised they have a house edge on the currency exchange?



My one trip there (before the stricter requirements and when the US $ was slightly stronger than the Canadian) I believe the rate was actually favorable to US players. It was on par, or only slightly off, but you had to buy from a cashier or the machine. If you turned in $100US at a table game, you got $100C, which was a huge house edge.
"One out of every four people are [morons]"- Kyle, South Park
Doc
Doc
Joined: Feb 27, 2010
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March 27th, 2012 at 10:24:56 AM permalink
I have never been to the casino in Windsor, but when I played at Casino Rama, I felt they had an excellent way of handling currency exchange. If you turned in US $ at the cage, you got Canadian $ at an exchange rate comparable to that at most of the money changers. They also provided a receipt for the transaction. Then, when it was time to leave, you could turn in your chips at the cage, along with the receipt and change back up to the amount of your original buy-in at the reverse exchange rate -- no difference in exchange rate and no handling fee tacked on. If you broke even with your gambling, it didn't cost you anything for changing currency. If you won or lost gambling, you were net only changing money in one direction.

I don't remember how that was handled in the other casinos where I have played in Canada.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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March 27th, 2012 at 11:05:31 AM permalink
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"And that's the bottom lineeeee, cuz Stone Cold said so!"
cardshark
cardshark
Joined: Nov 30, 2009
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March 27th, 2012 at 11:29:38 AM permalink
Quote: Ibeatyouraces

NEVER exchange your money at the casino. Use the Duty Free Stores.



That's a bit of a blanket statement... Some casinos actually offer decent rates and some will offer rates better than the 2.5% you get on most credit cards or banks. I would say call the casino before you leave for the rate to see how it compares.

Also, in casinos near the border, you can ask other players to exchange with you at fair rates, eliminating the middle man. Caesars Windsor is a great place to do this as most of the players are American, but they use Canadian chips. I used to do this at the tables. This is easiest when the dollar is near par (as it is today). I would offer my USD cash for another player's CAD $ chips after they colour up. I could then play the chips or cash them in at the cashier for Canadian currency.
EvenBob
EvenBob
Joined: Jul 18, 2010
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March 27th, 2012 at 1:01:33 PM permalink
Quote: teddys



Not to pile on CW, but $100 USD gets you $96 CAD



The last time I played Windsor, $100 US got
you $130 CA. I guess it was a while ago.
"It's not enough to succeed, your friends must fail." Gore Vidal
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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March 27th, 2012 at 1:31:20 PM permalink
Quote: Doc

I have never been to the casino in Windsor, but when I played at Casino Rama, I felt they had an excellent way of handling currency exchange. If you turned in US $ at the cage, you got Canadian $ at an exchange rate comparable to that at most of the money changers. They also provided a receipt for the transaction. Then, when it was time to leave, you could turn in your chips at the cage, along with the receipt and change back up to the amount of your original buy-in at the reverse exchange rate -- no difference in exchange rate and no handling fee tacked on. If you broke even with your gambling, it didn't cost you anything for changing currency. If you won or lost gambling, you were net only changing money in one direction.

I don't remember how that was handled in the other casinos where I have played in Canada.


I had a similar experience in a Vancouver, BC casino.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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March 27th, 2012 at 1:37:49 PM permalink
Quote: teddys

You need a passport, enhanced drivers license, or a passport card to cross the border. The passport card is cheaper than a passport, but takes the same amount of time. The enhanced drivers license is only available in border states like Michigan and New York.

Not to pile on CW, but $100 USD gets you $96 CAD and $100 CAD gets you $99 USD. While that's a pretty good exchange rate compared to other places, its still a 4 point spread and if you just stand there changing money all day you will eventually go broke. You'd think they would offer a equitable rate since they are already reaming you on the gambling.



Question: Can you get a passport card now without getting a passport as well? When i got mine, it was an add-on to the passport for an extra fee.

Comment: you can skinny the exchange rate at Casears by showing your Diamond card at the cage. They'll convert CAD to USD at a 1:1 ratio. (accurate as of Monday 9/5/11)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett

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