AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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January 13th, 2015 at 3:47:14 PM permalink
Quote: theOmega623

AcesAndEights: My stay will be 3 nights. Thank you for your advice!

Romes: Thank you for showing me the numbers! I will certainly call the hotel tomorrow, ask for a host, & talk to he/she about the comp situation. Ill let you guys know what they tell me. Also, I will take your advice & split $10K between me & my partner (that way we are only carrying $5K each).



There is nothing illegal about carrying $10K or more through an airport domestically. $10K is important for a couple of reasons though:
1) If you are traveling internationally, you must declare at customs if you are carrying more than $10K in currency. I believe this is a US rule so may only apply if traveling in or out of the US. Not 100% sure though as it's never been an issue for me.

2) It is the threshold for a bank or a casino filing a Currency Transaction Report. Which means if you withdraw $10,001 from your bank account or a casino pays you more than $10K in a 24 hour period, they must report it to the feds to combat money laundering.

Again, nothing illegal about either of those scenarios, just things to be aware of. For flying domestically, it's not illegal to carry any amount of currency and you don't have to declare it to anyone. You just want to be careful and take all precautions so you look like an above-the-board gambler and not a drug dealer.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
theOmega623
theOmega623
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January 13th, 2015 at 4:36:27 PM permalink
I understand exactly what you are saying. If you dont mind me asking, when you travel with your bankroll how do you transport it? Do you keep it in your wallet, your bag, or do you keep it in your hand when you go through security? I am very cautious & I would like to keep my money in hand if they will allow it.
AcesAndEights
AcesAndEights
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January 13th, 2015 at 4:55:09 PM permalink
Quote: theOmega623

I understand exactly what you are saying. If you dont mind me asking, when you travel with your bankroll how do you transport it? Do you keep it in your wallet, your bag, or do you keep it in your hand when you go through security? I am very cautious & I would like to keep my money in hand if they will allow it.


This is the way I do it; it may not be the best way but to me it is least bad way. I've carried up to around $14K I think to Vegas, don't remember exactly.

First the cash goes in a money belt. This is where you would expect to find cash; not in a zip-lock bag like a drug dealer. Especially while traveling this makes sense; when I get to Vegas I'll be wearing the money belt anyway.

Second the money belt goes inside a leather briefcase. Also in the briefcase are usually a few gambling books, some print outs of VP strategy in case I need to play off some free play, and a copy of the TSA's own policy on cash handling and what is legal and what is not. I can't find the exact page I printed out, but you get the idea. I want to (correctly and honestly) give the impression that I am a high-stakes gambler, and nothing more. I plan on adding a printout of my recent gambling records to this list on my next trip.

Third the briefcase is locked and goes through the x-ray machine with the rest of my carry-on luggage. I walk through the metal detector (I always opt-out of the full body scanners).

Now if TSA has a problem with my briefcase, I ostensibly have to be there to open it. Then if they ask about the money, we can go down that route. But so far that has never happened. Note that my sample size is pretty small (less than 10 trips using this method), so I'm not saying it will never happen. But I like this system. Once I have had a TSA agent ask me to open it, but even in that case he took a glance at the inside and did not even question the money belt or how much was there.

Some people will say keep the cash on your person and carry it through the scanner with you. If using the full-body scanner, I believe this is allowed but you have to hold the cash above your head. To me, this screams to all passengers and TSA agents within eyeshot "HEY EVERYONE I'VE GOT A FAT WAD OF CASH OVER HERE IN CASE YOU WANT TO TRY TO STEAL IT FROM ME."

Obviously this second approach gives you the security of knowing the cash never leaves your person. But it also opens that can of worms with the TSA immediately. They may want to question you about it; they may call law enforcement or the DEA if they're having a particularly bad day or they don't like you.

With my method, all this may still happen. But if they don't want to open the briefcase (they haven't yet), no one knows about the cash. Yes, a nefarious TSA agent could simply walk away with my briefcase, and then I might be screwed. But in my estimation of the probability of this happening, I have decided this is a risk I will take instead of holding the money over my head in the scanner.

Your mileage may vary.

EDITED to add: usually I try to look decently nice while using this technique, so the briefcase isn't out of place. But I have traveled in my default clothing (cargo shorts, t-shirt) with the briefcase and no issues.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
theOmega623
theOmega623
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January 13th, 2015 at 6:26:13 PM permalink
Its good to hear that as long as you tell them you have the money & tell them what its for that they shouldnt be able to confiscate it. I generally stay very well dressed & I will tell them exactly what my money is for if they ask. I would feel most comfortable if me & my partner kept our cash in hand, im not at all worried about someone trying to take it from me while I directly have it in hand or in my front pocket but I would certainly be worried that someone could take it from my bag or bin when I am not with it. Thank you for all the advice though, you have been extremely helpful!
AcesAndEights
AcesAndEights
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January 14th, 2015 at 10:11:36 AM permalink
Quote: AcesAndEights

Quote: Romes

Your comps, as stated above are a subset of your TL, usually about 20% (although might be more in high limit room since you also carry a bigger TL). At 20%, your comp value would be $300. This doesn't include personal comps from pit bosses, this is for players cards reward points/comps. If you're playing black and request a buffet, I'm sure a PB will write you a buffet ticket and not charge it to your players card account points.


With all due respect, what the EFF are you smoking?!. 20%?!?!!?? IN 2015?? Maybe, MAYBE if you add up points and all incidentals and all host comps and room discounts and EVERYTHING would you get to 20%. But in today's day and age, points you earn on your card are closer to 2% than 20%, especially with Total Rewards and MLife.


I'm shocked that no other members have chimed in here. I'm not trying to pile on to Romes here, but I don't want Vegas newbies to get the wrong impression. The description of comps given here is about 20 years out of date, if not more.

Just to reinforce the point, reference this thread and the number of Rewards Credits this member got for their play. 20% is not happening.

As to the pit boss writing you a buffet comp, I have heard of this still happening in 2015 at a few places, like the Horseshoe-branded CET casinos in the midwest. Maybe at smaller or independent casinos in Vegas, but definitely not at the big chain casinos. The pit bosses are completely helpless when it comes to comps, other than entering your play. The "system" rules all.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
joss
joss
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January 15th, 2015 at 3:13:31 AM permalink
Definitely ask the floor directly for comps. There is often a separate comp account for that trip that they can draw on. Those comps don't go on your card and expire quickly if you do not use them. But as AcesAndEights said, prepare to be disappointed by the amounts.
theOmega623
theOmega623
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January 15th, 2015 at 5:11:13 AM permalink
Do you guys think they would comp me most of my room if I am playing the $100 min tables for the 3 days im staying (roughly 15-20 hours altogether) ? Im trying to get a feel for about what I can expect at that level. (My rooms were slightly over $400)

This is the math I did for my expected comps, though im not at all sure if it is correct. (This is assuming 20% as Romes suggested)

15 hours of play x 100 hands each hour (it will most likely be more) x $100 bet per hand = $150,000 wagered

At 1% house edge (this is not the actual house edge) they would expect me to lose $1500.

A 20% comp of my expect losses at this point would be $300. ($150 at 10%)

Would this be at all correct?

(Thank you for your response joss, I will do that.)
Romes
Romes
Joined: Jul 22, 2014
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January 15th, 2015 at 9:58:18 AM permalink
Quote: theOmega623

Do you guys think they would comp me most of my room if I am playing the $100 min tables for the 3 days im staying (roughly 15-20 hours altogether) ? Im trying to get a feel for about what I can expect at that level. (My rooms were slightly over $400)

This is the math I did for my expected comps, though im not at all sure if it is correct. (This is assuming 20% as Romes suggested)

15 hours of play x 100 hands each hour (it will most likely be more) x $100 bet per hand = $150,000 wagered

At 1% house edge (this is not the actual house edge) they would expect me to lose $1500.

A 20% comp of my expect losses at this point would be $300. ($150 at 10%)

Would this be at all correct?

(Thank you for your response joss, I will do that.)


20% always used to be industry standard and is supposed to be their standard now. However as denoted in the "I'm done with Ceasars thread" one of the main issues was not getting rated correctly. He was playing craps, loading his odds (which are 0% HE so some PB's ignore them) and thinking they were counting towards his TL.

I think the system for TL I described is still fairly accurate. If you're playing for 5 hours (100 hands per hour) w/ average bet of $150, you're putting $75,000 worth of action through their casino, with an TL of 1500. I would find it shocking if you played at this level and didn't at least get a room (which would be well within the "20%" zone for a rebate... which is $300). Obviously different casino's will do things differently. For example, in my travels through PA I found Rivers has one of the worst comp systems I've ever seen, in which you would be lucky to get $10 for a 5 hour session w/ $150 average bet.

So I do agree some places are not at the 20% rebate, but EVERY place is trying to scale back to jump profits for investors instead of looking at their players. There was also another thread about a guy whom wasn't getting comped at a TR (total rewards) property, called the Wynn, and they straight comped him on the phone. He went on to explain that some places, like the Wynn, understand that comps are like an investment to keep players happy and coming back. There are still places that do this and will comp you accordingly. To my knowledge most black chip players (again, message AOS for example) don't have any issues getting comped rooms/etc. I'm a RED CHIP player and I can get free rooms in Vegas whenever I want through TR. Because of this fact, I wouldn't believe you if you told me you bet blacks with TR and couldn't get comped things like rooms, food, etc.

The call to the host will clear everything up =). Let us know how it goes!
Playing it correctly means you've already won.
theOmega623
theOmega623
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January 15th, 2015 at 10:59:43 AM permalink
I literally just got off the phone with a host from the Monte Carlo, I told him when I was coming to stay & that I was planning on playing a lot of $50 min blackjack in their high roller room while I am there & I asked him 'How much does your resort typically comp for playing this particular game?'. He told me they have several different ways of comping players & he said I could expect to be comped in the range of $125 to $150 per 4 or 5 hours of play. I also asked him if it would be possible to put these comps towards the cost of my room when I leave & he said 'Absolutely. We will keep track of all your playing time while your playing here & if you want us to cover your room we can do that.' Seemed like a really nice guy, I certainly hope he was honest about the amount they comp their players.
1BB
1BB
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January 15th, 2015 at 11:07:03 AM permalink
Quote: theOmega623

I literally just got off the phone with a host from the Monte Carlo, I told him when I was coming to stay & that I was planning on playing a lot of $50 min blackjack in their high roller room while I am there & I asked him 'How much does your resort typically comp for playing this particular game?'. He told me they have several different ways of comping players & he said I could expect to be comped in the range of $125 to $150 per 4 or 5 hours of play. I also asked him if it would be possible to put these comps towards the cost of my room when I leave & he said 'Absolutely. We will keep track of all your playing time while your playing here & if you want us to cover your room we can do that.' Seemed like a really nice guy, I certainly hope he was honest about the amount they comp their players.



Charge everything to your room. That means everything. I don't care if it's a pack of gum.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi

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