How to chop up (split) a slot ticket?

Obviously this applies more to video poker than slots. As the better RTP video poker games are unfortunately high limit.

Given my bankroll and expected variance (25c @ 100 hands). It's very unlikely I'll get a W2G, but I'm concerned instead about a CTR.

Today the slot voucher value went all the way to ~$8500. Any more winnings would put it above $10k and cause a CTR, which will be a pain in the ass in many ways. The redemption machines refuse to pay out a ticket that high. I'm only able to do it at the cashier.

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?

Quote: VladPutin

Obviously this applies more to video poker than slots. As the better RTP video poker games are unfortunately high limit.

Given my bankroll and expected variance (25c @ 100 hands). It's very unlikely I'll get a W2G, but I'm concerned instead about a CTR.

Today the slot voucher value went all the way to ~$8500. Any more winnings would put it above $10k and cause a CTR, which will be a pain in the ass in many ways. The redemption machines refuse to pay out a ticket that high. I'm only able to do it at the cashier.

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
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It can be done, but there's -EV cost and risk.

Quote: VladPutin

Obviously this applies more to video poker than slots. As the better RTP video poker games are unfortunately high limit.

Given my bankroll and expected variance (25c @ 100 hands). It's very unlikely I'll get a W2G, but I'm concerned instead about a CTR.

Today the slot voucher value went all the way to ~$8500. Any more winnings would put it above $10k and cause a CTR, which will be a pain in the ass in many ways. The redemption machines refuse to pay out a ticket that high. I'm only able to do it at the cashier.

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
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Not to sound judgmental, but I think money launderers would love to hear the solution. Common strategies are enumerated here:
https://en.wikipedia.org/wiki/Casino_regulations_under_the_Bank_Secrecy_Act

Quote: VladPutin

Obviously this applies more to video poker than slots. As the better RTP video poker games are unfortunately high limit.

Given my bankroll and expected variance (25c @ 100 hands). It's very unlikely I'll get a W2G, but I'm concerned instead about a CTR.

Today the slot voucher value went all the way to ~$8500. Any more winnings would put it above $10k and cause a CTR, which will be a pain in the ass in many ways. The redemption machines refuse to pay out a ticket that high. I'm only able to do it at the cashier.

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
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Very simple. When you go to the cage tell them that you are not comfortable with that much cash and ask for a check. Check's do not trigger a CTR.

Quote: VladPutin

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
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An ounce of prevention?

Every IGT machine and probably other permits the casino to set a limit above which wins less than $1200 will be paid automatically as a voucher. AGS allows this too, so maybe it the function is built into the printer. The limit is normally $3000 so casinos don't have to file SARs. If this is one machine, you might ask them if they can configure the $3000 limit on your machine.

Otherwise, it is up to you to cash out at some value, and I try to do it below the value the redemption machines accept.

Quote: VladPutin

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
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An M1 Abrams tank will do a good job of chopping up a ticket.

Quote: UP84

Quote: VladPutin

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
link to original post

An M1 Abrams tank will do a good job of chopping up a ticket.
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lololololololololololol

Quote: Mental

Quote: VladPutin

What I'm really looking for is some way to divide my $8500 ticket into something like 4 tickets of $2000. But... how?
link to original post

An ounce of prevention?


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I knew someone was going to bring up prevention sooner or later.

But I lied about this being about video poker. Actually I didn't lie. I do indeed have this concern with my VP, but you're right. That's somewhat more preventable. The intention of my question had more to do with my concern with another game than VP. But I used VP as an example for... reasons

The one I'm actually concerned with is E-blackjack. When my local casino runs a specific promotion, it makes the E-blackjack positive EV. I have the bankroll to withstand the max bet of 2x $500. But I can not allow the swing to get past $10k for all Forced-Cashier-Cashed-Tickets. And definitely can't allow over $10k on a single ticket. Even though $10k is nothing for a bet size of $1k each.

It's seriously cutting into my hands per hour and hence my EV per hour.

Also to whomever said anything over $1200 gets a W2G on a different thread ( I forgot which one). No that's not true, it's only the case for low denomination video poker and low denomination slots. Hand pays are not triggered unless there's a multiple of the bet size in ADDITION to a $1200 minimum. I think the multiple is 200x? Which makes the bet size $6. But don't quote me on that. The fact that hand pays don't trigger on big bets like E-blackjack is confirmed by my personal experience, even if I don't know the exact multiplier.

Seems you can cash-out your voucher from the machine anytime you want. If you're worried about $3K SARS, cash-out with wins of less than $3K. I don't know your playing style or why the machine is +EV with a promotion except for point multipliers. Those vouchers have an expiration date, be it 30 days, 60 days, 180 days or 365 days. You'll need a little envelope or something to put vouchers in. Only cash-out up to $9.5K of vouchers per casino gaming day (24+ hours from your last cash-out.) Come back another day to cash more vouchers out, no need to play anything except to win more vouchers. You'll be ratholing vouchers until you run out of them on successive cash-out days. There's no need to make excess trips to the cage. Just use a couple $100 vouchers to start your game, run that up to $2,500 and cash-out. Win a bunch of vouchers of $2,500 for later buy-ins or cash-outs. If you have $25,000 in vouchers after a few days or weeks, that'd be 10X $2,500 vouchers.

If you're going to be betting $1K per hand of BJ, that could wind up being an $8K win or loss if splitting to 4 hands and doubling down at a table game, or $4K win or loss if doubling down to 2 hands. The simple problem is you are betting too high for a slot machine and need to move to a table. Then you need to cash-out your chips for under $9.5K per day at the cage, or feel free to cash-out much more, on the order of $50K+.

You could start ratholing casino checks: $15K here, $25K there, it'll add up. You'll end up like MDawg on this forum with an embarrassment of riches, but without multiple credit lines. Or you could deposit them as front money so you'll always have some line of credit for larger buy-ins at the tables. But I'm starting to suspect you prefer E-BJ because there's no heat.

In this age of COVID, I don't trust casinos to stay open for more than a month at a time, so I wouldn't keep much outstanding that the casino should cash-out. Banks could fail next month, then what? Will casinos have cash? The Bank Of England is looking a little Lehman-y to me next week.

I played hybrid e-craps years ago for a promotion. No W2-Gs for bets around $2K on each of two machine with odds. The problem was redemption machines only cashed max $3K. The cage asked for ID for more than $5K. It definitely slows things down to try to stay below $3K and definitely cash out before $5K. Everyone around sees you handling large amounts of cash if you are cashing out, and you need a lot of cash to just rathole vouchers along the way,

I wish I had a solution for breaking down vouchers. Have you asked the cage to exchange on voucher for two or more vouchers of identical value? You can say the machines won't accept anything over $3000, or whatever the true limit is. You say you want to keep playing without going to cash.