AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 146
  • Posts: 18221
January 3rd, 2017 at 3:05:01 PM permalink
Quote: Mission146

I don't recall that story necessarily, but I have covered many casino-related crimes in various News & Notes Articles, and several of those crimes came as the result of people losing and getting desperate. I don't know that I recall any stories of someone losing THAT DAY and doing something crazy, but certainly after losing over time. Of course, I would say at least 25% of the theft-related things are either entirely or partially inside jobs, and those are the ones we know about.

With respect to daily loss limits, from 1992 until Proposition A ended it in 2008, the State of Missouri actually did have a, 'Loss Limit,' that applied to all gamblers. It certainly would have made high-limit play difficult as patrons could only buy in for $500 in the space of two hours with a daily limit of $6,000. Of course, going in with a non-gambler could effectively double those limits, if one so desired and had a willing party.

I lived in Kansas City prior to the passage of Proposition A, (Mid-2005 to Mid-2006, to be precise) but I do not recall what the table maximums were or the highest denomination slot machines available. I played poker exclusively during that time, and I think that I may have played one Blackjack session, ever, during that time as I was up by a significant amount for the day and said, 'What the hell.' I imagine that the maximums would have been low, but they technically could have been as high as $500, I suppose.

ADDED:

By the way, I disagree with your theory that such a loss limit is bad, per se, for the gambler. At worst, the guy has to wait until the next day to go in and probably lose his $100. I don't think very many people, if anyone, are going to go absolutely bonkers over the fact that the casino is making them leave with some of their money intact. Besides, if there was a loss limit of $1,000 (and the gambler knows that) why would he even bring in $1,100 expecting to be able to play it all to begin with?

KC definitely had $5 VP machines( good All American VP) .

They had that $500 or $600 Limit thing.
You had to go in over multiple days twith multiple prople to build up enough to play anything higher limit.

I cannot remember exactly how it worked now, but I know there was a way around it.

At one time KC was a gold mine for AP's.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Mission146
Mission146
Joined: May 15, 2012
  • Threads: 123
  • Posts: 12838
January 3rd, 2017 at 11:04:26 PM permalink
I've heard that it was great at one time, but I don't know anything about that specifically.

I'm sure there was a work-around, but I certainly never put much thought into it. I imagine that, if one wanted to gamble greater amounts and didn't mind returning to the casino multiple times (or being there without playing) a person could just keep re-buying for the $500 every two hours until the person has a stack of a sufficient size for them. I also imagine that a person could get a group of people to buy in for him/her as well, pass off the chips in the bathroom, something like that.

My understanding is that the limit was actually a, 'Buy-in,' limit rather than a loss limit in the strictest sense, so if you sauntered up to a table and already had more than $500 in chips, or had more money than that on a ticket, I should imagine there was nothing they could do to prevent you from losing all of it.
Vultures can't be choosers.
Mission146
Mission146
Joined: May 15, 2012
  • Threads: 123
  • Posts: 12838
January 3rd, 2017 at 11:10:49 PM permalink
Quote: BTLWI

I lost $500 in one bet on roulette at Flamingo in Kansas City back in 1998. That was the table max and it was the 9th black number in a row. It crushed my hopes and dreams of Martingale fortunes.

If you couldn't wait 2 hours there was Harrah's, Flamingo, and 2 Station Casinos all within 20 minutes of each other in the greater Kansas City metro. Was I the only one to ever board the Flamingo at 1 PM and be driving to Station by 1:20 PM because I'd already lost $500 and didn't want to sit around till 3PM? Probably not.



Ah, yes, the Isle of Capri NKC. Was it a dump even back then? I haven't been there in over a decade, but from what I hear, it's still every bit the dump it was in 2005 or 2006, whatever year it was I was there.

What did the Stations two eventually turn into? I always played poker at the Harrah's NKC, which, you're right, is probably not even twenty minutes from Isle of Capri.
Vultures can't be choosers.
Nathan
Nathan
Joined: Sep 2, 2016
  • Threads: 65
  • Posts: 3430
January 3rd, 2017 at 11:36:10 PM permalink
You would expect the IRS to raise the jackpot threshold, not lower it. The $1200 jackpot threshold is from the 70's where a $1200 surplus was much more extraordinary than it is today. Life is much more expensive in 2016/2017 than say 1976/1977. The threshold should be raised to $3000 in my opinion. That would be a reasonable threshold.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D

  • Jump to: