dutchman
dutchman
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June 6th, 2016 at 9:40:54 PM permalink
I'm not sure how to word this but curious how the pro's here handle their bankroll. Do you just withdraw cash from a bank on your way to the casino and then deposit it before you hit the airport? Can you just write a check? Do you save your bankroll in cash form so it's off the books? How are you not paranoid to just stuff cash into a bag and walk/ride around with it? Even for just a cab ride?

As someone who needs to fly to Vegas I can't just stuff cash into my bag as airports love to seize that more than anything. But I don't like the idea of having to constantly be pulling money in and out of my bank account as I'm worried if I ever make serious money the IRS will get suspicious and audit me. How do you manage all that?
billryan
billryan
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June 6th, 2016 at 9:51:22 PM permalink
Get a bank that has branches near you and also in Vegas. You might also look into a safety deposit box in Vegas
There is nothing illegal about carrying large amounts of cash on a plane. TSA agents are used to seeing it, especially on flights to Vegas.
If you aren't an Advantage Player, it isn't hard to get casino credit. Just sign a marker and they give you cash.
The difference between fiction and reality is that fiction is supposed to make sense.
RS
RS
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June 6th, 2016 at 9:59:26 PM permalink
I've never had any trouble bringing cash through an airport (up to $20k). Largely depends on how big a BR you have and how much you need for your trip. But, YMMV and it could get seized.

Depending on what you play, where, etc., even as an AP, you could still get a credit line or wire front money and be OK. Could even set it up at a casino you won't be playing at, just so you can get the cash into LV safely, then play a near break-even game (plus cash back, rooms, mail, etc.) like VP to justify the money to the casino, if ya wanted to.....then go play your CC game or whatever at other properties.
DeMango
DeMango
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June 6th, 2016 at 11:10:04 PM permalink
My town, Biloxi and Vegas all have Wells Fargo brick and mortar branches. I'm sure BOA would work for many folks too.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
billryan
billryan
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June 7th, 2016 at 2:08:25 AM permalink
The TSA has no jurisdiction to seize cash. They are there to keep dangerous objects off of planes. At most, they can call the airport police who may ask you to explain where the cash came from and where it's going. Having a withdrawal slip can't hurt.
The difference between fiction and reality is that fiction is supposed to make sense.
odiousgambit
odiousgambit
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June 7th, 2016 at 2:47:20 AM permalink
Quote: billryan

If you aren't an Advantage Player, it isn't hard to get casino credit. Just sign a marker and they give you cash.



They size you up as desirable, or not, in the credit department right off the bat?

I am pretty sure I am going to apply for casino credit. I have become interested in it as to how casinos manipulate it, and want to learn more about it first hand. The main reason I have been reluctant to do so is I don't want such a thing on my credit history, but I guess I will trust assurances it isn't that kind of thing at all.

As to the OP, I'd say applying for casino credit is the way to go. Just use it properly like other forms of credit.
Last edited by: odiousgambit on Jun 7, 2016
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AxelWolf
AxelWolf
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June 7th, 2016 at 4:41:09 AM permalink
Quote: billryan

The TSA has no jurisdiction to seize cash. They are there to keep dangerous objects off of planes. At most, they can call the airport police who may ask you to explain where the cash came from and where it's going. Having a withdrawal slip can't hurt.

Perhaps not TSA, but someone else at the airport? I'm not sure what program I was watching but some agency confiscated about 15k in cash at the airport because they didn't have a good reason for having the cash or why. There wasn't anything illegal like drugs or anything either,but It seemed kinda obvious the two guys were up to something with their stories.
♪♪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♪♪
Romes
Romes
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June 7th, 2016 at 7:20:51 AM permalink
As stated prior, anytime you're flying to Vegas it's really not hard to explain. Take the cash, and rubber band it, clip it, whatever... and hold it in your hands when you go through the body scanner. The first time I ever did this the agent just leafed through the bills to make sure nothing was in them (didn't even question why I had $10k on me) and the last few times they haven't even looked at the money. If anyone asks, just say "I'm heading to Vegas and I'm a high roller." What else should you have to say?

Professionals: As described by Bob Nersesian, it's very helpful to have W2's, casino invitations/offers, and bank withdraw slips to show you're a professional gambler. I'm sure one could even put the cash in Bob's book, along with some W2's and withdraw slips, and carry that through so when they ask to see it you had them the book + receipts/etc. I haven't really heard of stories of "prepared" players having money trouble. It's always the guys with $10k that try to "sneak" it in and have no documentation to back up their money. You have every right to have said money on you, so don't try to hide it. I mean, don't scream "I HAVE $10k!" but don't try to sneak it past them.
Playing it correctly means you've already won.
dutchman
dutchman
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June 7th, 2016 at 8:44:56 AM permalink
Thanks!
DiscreteMaths2
DiscreteMaths2
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June 7th, 2016 at 9:39:22 AM permalink
Quote: AxelWolf

Perhaps not TSA, but someone else at the airport? I'm not sure what program I was watching but some agency confiscated about 15k in cash at the airport because they didn't have a good reason for having the cash or why. There wasn't anything illegal like drugs or anything either,but It seemed kinda obvious the two guys were up to something with their stories.



Yeah. While the TSA might not be able to do it themselves, all they have to do is just call over any law enforcement officer and they can take the cash. Recently a TSA agent was found to be a paid informant for the DEA and another guy just got $75K seized in Richmond on the word of TSA agents who thought it was illegal.
Assume the worst, believe no one, and make your move only when you are certain that you are unbeatable or have, at worst, exceptionally good odds in your favor.
billryan
billryan
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June 7th, 2016 at 10:44:38 AM permalink
Quote: odiousgambit

They size you up as desirable, or not, in the credit department right off the bat?

I am pretty sure I am going to apply for casino credit. I have become interested in it as to how casinos manipulate it, and want to learn more about it first hand. The main reason I have been reluctant to do so is I don't want such a thing on my credit history, but I guess I will trust assurances it isn't that kind of thing at all.

As to the OP, I'd say applying for casino credit is the way to go. Just use it properly like other forms of credit.




Most casino credit is simply writing them a post dated check. The amount they extend is tied to your checking account levels. You agree that if not paid off in so many days, the marker will be presented as a check to your bank. I'm sure there are more sophisticated methods for high rollers but I used to have $3,000 credit in three separate casinos in AC. Never went more than $1500 myself.
I must say it's been over a decade since I took a marker so that info might be outdated.
The difference between fiction and reality is that fiction is supposed to make sense.
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