ToonExile
ToonExile
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April 4th, 2013 at 9:03:04 AM permalink
I have been to Vegas three times and have my next trip scheduled for November. I am now furiously saving my Gambling money for that trip. I generally bring all my Gambling money in cash and pay everything else on my card. I never draw cash on my cards. On all of my last three trips I have brought enough cash to play at least 2 x 3 to 4 hour sessions of blackjack a day normally at $15 to $25 tables, I normally spend about $300 to $500 a session. My next trip is for 11 days so I am looking to save and bring about $9,000 for my gambling stash. However on every trip I have gone home with at least half of my stash of dollars. So I then lose money converting between sterlings and dollars and back again. I am trying to calculate how much I really need to see me through my stay based on my risk of ruin on each session or is there another way of calculating the money I need other than number of sessions x session budget. I am a reasonable BJ player and pretty much stick to basic strategy. If I am feeling flush I will play the odd session of craps in the evening. I normally stay and gamble at the TI on the strip.
jonfourtwenty
jonfourtwenty
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April 4th, 2013 at 10:39:33 AM permalink
I am from the uk too and will be in vegas in
october with a similar bankroll and have been
asking myself the same questions.

So far I'm leaning towards taking mostly sterling
travellers cheques in large denominations that
I can convert cash at the cage (at hopefully a
not too terrible exchange rate). The plan is to
change about £2000 at first and only change
more if i go broke. If I get lucky and do not need
to change all of the cheques by the end of my
stay, once i get back home i will change these
back without losing anything from the exchange
rate.

Another option would to do the same thing but
with a huge wad of £50s instead of the travellers
cheques but I'm not sure I want to carry that
much cash on me.

Finally, if I get really lucky and break even or
better, I will prob return to vegas in feb-mar
so I was thinking about leaving some if not
most of my bankroll in the cage until then.
I can't think of any reason why a casino would
not want me to do this.
rudeboyoi
rudeboyoi
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April 4th, 2013 at 11:11:10 AM permalink
i remember seeing in a mailer before from the golden gate casino downtown that would convert canadian currency to dollars and would also give you 5% of the value in free slot play. you might want to contact them to see if they will convert other currencies and any bonuses they may also be willing to give.
FleaStiff
FleaStiff
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Joined: Oct 19, 2009
April 4th, 2013 at 11:17:13 AM permalink
EACH one of you would benefit from using a wire transfer to send your money to the casino and then signing markers to draw cheques when you get to the tables or to draw cash from the cashier window if you need it. You can also deposit a lump sum at the cage and draw from it as you need it.

Charges should be made to your room, not your credit cards. Meals, shopping, bar tabs, etc. all go onto your room.

IF comped, which appears likely for the initial poster, then there is no currency conversion to consider.
IF NOT comped, the charges go on your credit card at checkout. It appears likely that room, meals, tips and bar tabs will all be comped for the play that was described, particularly when there is a Front Money Account involved. Obviously, the casino looks at the money that you've wagered not the funds that are still in your pocket or up in your room or back home, but if the casino is aware of a large deposit in your name at the cage, they tend to look upon you favorably even if you don't draw all of it out.

You might as well be well heeled just in case the first few sessions go against you, so I would not skimp on the money you bring. You will have to confirm with the casino involved but usually the fees for currency conversion are absorbed by the casino and the casino keeps any interest the money earns in the interim.
ToonExile
ToonExile
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April 4th, 2013 at 12:06:40 PM permalink
Thanks for the reply, I pretty much charge everything too the room when I am paying for anything in the hotel. I was comped most of my stay at Christmas playing at the same level I outlined, so I will book everything to the room where I can. I have thought of doing a wire transfer on my last tri but could not find out to do it. Any advice on how I set it up would help.
FleaStiff
FleaStiff
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April 4th, 2013 at 12:19:15 PM permalink
Look at your casino's website... if they have a listing for "Cashier" or "Cage" that should help.
IF NOT, email any host and inquire, you should get a reply from the cage fairly promptly.
credit@treasureisland.com
Pando
Pando
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Joined: Jul 24, 2010
April 4th, 2013 at 12:50:42 PM permalink
Why not just use your ATM card as and when required. You may need to inform your UK Bank that you will
be doing so as they may have some concern about prolonged use of it offshore, in your interest of course.
Holding large amounts of cash is really not necessary these days, (unless its your profit of course).

I regularly use my Thai and NZ ATM cards in Macau and Singapore without any problems whatsoever.
The fee is usually $5 per transaction and the exchange is calculated at the daily rate set by the bank,
and in my experience is very acceptable.
SOOPOO
SOOPOO
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April 4th, 2013 at 1:35:20 PM permalink
Quote: Pando

Why not just use your ATM card as and when required. You may need to inform your UK Bank that you will
be doing so as they may have some concern about prolonged use of it offshore, in your interest of course.
Holding large amounts of cash is really not necessary these days, (unless its your profit of course).

I regularly use my Thai and NZ ATM cards in Macau and Singapore without any problems whatsoever.
The fee is usually $5 per transaction and the exchange is calculated at the daily rate set by the bank,
and in my experience is very acceptable.



I agree with Pando. I alert my bank in advance what country I will be going to, and then use the ATM, the fees are very low, and I get what they call the interbank rate. I think I may be limited to $1000 per day, but I never need that much, and all other expenses are put on a credit card. Good luck and lets hope you only need to make a single withdrawal......
brindle
brindle
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Joined: Jan 28, 2010
April 5th, 2013 at 10:16:39 AM permalink
You should apply for and get casino credit for 10k at the property you are staying at. Then settle up after the trip. Also saves you from having to carry a bunch of cash around.
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