heatherhow
heatherhow
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May 18th, 2012 at 1:43:08 PM permalink
I found a $5000 chip at one of the casino's. They would not let me cash it in. They said they track all the high dollar chips and if I didn't know who it belonged to they couldn't cash it out. Do you think that I could play a table with the chip and try to cash it out that way?
Ayecarumba
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May 18th, 2012 at 1:50:20 PM permalink
Was this in Nevada? If so, there are regulations prohibiting folks in your situation from cashing in.

On the other hand, if you were to buy in for more than $5k in cash, play some hands at different tables, then color up to leave...
Simplicity is the ultimate sophistication - Leonardo da Vinci
only1choice
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May 18th, 2012 at 1:51:50 PM permalink
I can't speak for your particular casino but mine keeps track of all big chips of that domination. I would't risk it unless you have a friend who regularly deals with that size.
IF YOU PLAY "PLAY TO WIN"
heatherhow
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May 18th, 2012 at 1:52:04 PM permalink
Yes. In Nevada. But if I just want to play the chip I found you think there would be a problem?
only1choice
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May 18th, 2012 at 1:56:17 PM permalink
I will let some of the locals confirm, but I believe you could be charged with theft.
IF YOU PLAY "PLAY TO WIN"
only1choice
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May 18th, 2012 at 2:00:18 PM permalink
This might be of some help.
http://voices.yahoo.com/what-find-money-casino-chips-on-6222116.html
IF YOU PLAY "PLAY TO WIN"
heatherhow
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May 18th, 2012 at 2:02:09 PM permalink
I looked at that myself. Thanks for the link though.
TIMSPEED
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May 18th, 2012 at 2:03:39 PM permalink
I cashed out a $1000 and a $500 chip at Rio when I was there over the weekend...absolutely zero play history there...
But I think maybe a $5000 chip might gain attention...
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
rdw4potus
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May 18th, 2012 at 2:05:27 PM permalink
I doubt they'd take it at the table, either.

if this is something you really want to do, I'd try one of two things:

1. (if you have $$) buy in for $15 or $20k. Play for a while. Add this chip to your stack. Announce that you're leaving. They'll say something like "what do you have there? I'll call the cage to tell them you're coming." And you're in...

2. Find a big player about to buy in for cash. Sell him/her your $5000 chip instead. You might have to give a discount...

Please be advised that while these methods may work to achieve your purpose, they may also add to the illegality of your actions. I am not advising that you try either method. This is purely hypothetical.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
heatherhow
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May 18th, 2012 at 2:10:32 PM permalink
That's a thought. I wish I was a high roller like that and could take that risk.... :) Then I wouldn't worry about a little $5000 chip. Thanks for the #2 suggestion also.
JB
Administrator
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May 18th, 2012 at 2:15:29 PM permalink
Both suggestions sound an awful lot like money laundering. Just go to the cage and say that you found a $5000 chip and you have no idea who it belongs to. It's not yours.
SOOPOO
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May 18th, 2012 at 2:16:46 PM permalink
Quote: heatherhow

I found a $5000 chip at one of the casino's. They would not let me cash it in. They said they track all the high dollar chips and if I didn't know who it belonged to they couldn't cash it out. Do you think that I could play a table with the chip and try to cash it out that way?



I'm no casino security expert, but since you ALREADY tried to cash it once, they now have YOUR picture from that failed transaction. I would go to the cage, ask to speak with a supervisor, hand them the chip and ask for a buffet as a token of their appreciation. Tell them when and where you found it, and perhaps they will be able to find out who it belongs to. I am quite surprised they let you just walk away from the cage with that chip.
heatherhow
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May 18th, 2012 at 2:19:30 PM permalink
I really appreciate all your suggestions. I did not steal the chip. I found it. Its just unfortunate that there is no finders keepers any more. :)
EvenBob
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May 18th, 2012 at 3:04:55 PM permalink
From what I've read, the casino usually keeps the chip when
they can't verify they you bought or won it there. All chips
are casino property now. This very thing happened in Vegas
a couple years ago to a reporter and he never did get the chip
back. I'm not buying any of this.
"It's not called gambling if the math is on your side."
rdw4potus
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May 18th, 2012 at 3:07:51 PM permalink
Quote: EvenBob

I'm not buying any of this.



Then I suggest you stop reading.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Paigowdan
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May 18th, 2012 at 3:11:16 PM permalink
Quote: JB

Both suggestions sound an awful lot like money laundering. Just go to the cage and say that you found a $5000 chip and you have no idea who it belongs to. It's not yours.


Thank you!

People often claim something that they know is not theirs, and was lost by a sad owner, without a care.
Few people say, "it is not mine, and I KNOW it is not mine, and so I don't want it..." No attempt at all to find the rightful owner, or to say that it was simply found and returned to security or the pit boss.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
AceCrAAckers
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May 18th, 2012 at 3:28:08 PM permalink
Quote: Paigowdan

Thank you!

People often claim something that they know is not theirs, and was lost by a sad owner, without a care.
Few people say, "it is not mine, and I KNOW it is not mine, and so I don't want it..." No attempt at all to find the rightful owner, or to say that it was simply found and returned to security or the pit boss.



The security or the pit boss will do everything to find the legitimate owner. They will go over their surveillance to try to find the rightful owner. They will call over the intercom and ask if anyone has lost a casino chip in the casino and please come get it. And if the casino can't find them, they won't keep the profit but will donate the money to a worth wile charity.

Why would the casino do this you may ask? Because the casino will say, "it is not mine, and I KNOW it is not mine, and so I don't want it..."
This is probability what happens.
Edward Snowden is not the criminal, the government is for violating the constitution!
Paigowdan
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May 18th, 2012 at 4:03:29 PM permalink
Quote: AceCrAAckers

The security or the pit boss will do everything to find the legitimate owner. They will go over their surveillance to try to find the rightful owner. They will call over the intercom and ask if anyone has lost a casino chip in the casino and please come get it. And if the casino can't find them, they won't keep the profit but will donate the money to a worth wile charity.

Why would the casino do this you may ask? Because the casino will say, "it is not mine, and I KNOW it is not mine, and so I don't want it..."
This is probability what happens.


Yes, true.
I was talking about the general population. Casino workers (slots, pit, and cage) are neutral referees who manage gambling games, table games, and slot machines, and see comparitively huge sums of money and chips with total neutrality towards it; we are frequently amazed by some members of the general public. The basic premise of "take what is rightfully yours, and return what isn't yours" has a very weak basis with a lot of people. Sad but true.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
buzzpaff
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May 18th, 2012 at 4:10:57 PM permalink
The basic premise of "take what is rightfully yours, and return what isn't yours" has a very weak basis with a lot of people. Sad but true.

And some of those people work in Indian casinos and California card rooms.
JimMorrison
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May 18th, 2012 at 4:27:32 PM permalink
Your only real chance to unload it is to sell it to a high roller at a discount, perhaps 20% or so.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
Ibeatyouraces
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May 18th, 2012 at 4:53:32 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
WongBo
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May 18th, 2012 at 5:27:32 PM permalink
ebay.
In a bet, there is a fool and a thief. - Proverb.
s2dbaker
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May 18th, 2012 at 5:31:27 PM permalink
Quote: Ibeatyouraces

Keep it as a souvenir.

Ding, right answer!
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
EvenBob
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May 18th, 2012 at 5:36:38 PM permalink
Quote: rdw4potus

Then I suggest you stop reading.



So this is what happened. You slide the chip to the
cashier. She looks at it, verifies it, asks where you
got it. You say whatever, she calls around and can't
get verification on your story, says you can't cash it
(and by implication, use it in the casino) and she
gives it back to you? Never happened.
"It's not called gambling if the math is on your side."
JimMorrison
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May 18th, 2012 at 5:41:15 PM permalink
Quote: EvenBob

So this is what happened. You slide the chip to the
cashier. She looks at it, verifies it, asks where you
got it. You say whatever, she calls around and can't
get verification on your story, says you can't cash it
(and by implication, use it in the casino) and she
gives it back to you? Never happened.



I know people that this very thing has happened to. I don't know why you think you're such an expert on every single thing.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
RogerKint
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May 18th, 2012 at 5:47:12 PM permalink
Quote: JB

Both suggestions sound an awful lot like money laundering. Just go to the cage and say that you found a $5000 chip and you have no idea who it belongs to. It's not yours.



This answer is the best but, personally, it would be very difficult to actually do it. Why is doing the right thing so difficult?
100% risk of ruin
EvenBob
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May 18th, 2012 at 6:04:48 PM permalink
Quote: JimMorrison

I know people that this very thing has happened to. .



So the casino determined that the $5000 chip
you're holding, which is their property, BTW,
was not gotten by you in their casino, and they
hand it back & say 'have a nice day?' Why do you
think they passed the law or ordinance or
whatever it was that said you no longer own a
casino chip when you buy it. Just for situations
like this.
"It's not called gambling if the math is on your side."
JimMorrison
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May 18th, 2012 at 6:13:27 PM permalink
Quote: EvenBob

So the casino determined that the $5000 chip
you're holding, which is their property, BTW,
was not gotten by you in their casino, and they
hand it back & say 'have a nice day?' Why do you
think they passed the law or ordinance or
whatever it was that said you no longer own a
casino chip when you buy it. Just for situations
like this.



I think you're a know it all cranky old man. It's happened many times. It's also happened that they have refused to give the chip back. I know one girl who snatched it back and walked out. Security was never called. You sit in your trailer and post here all day on every single subject like you know everything. And can you please get a computer that was made in the last 20 years that can format your posts correctly?
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
WongBo
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May 18th, 2012 at 6:16:25 PM permalink
hey, EvenBob is one of the most entertaining trolls on here.
and he fomats his text so they are easier to read.
(he thinks people read them.)
you do realize there is a block feature on this site?
just go to the 'top contributors' link and you can block anyone.
In a bet, there is a fool and a thief. - Proverb.
rxwine
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May 18th, 2012 at 6:18:52 PM permalink
Maybe it's one of those stolen Bellagio chips dropped while the guy was wandering around other casinos.

Would they have all $5000 microchipped? Seems cost effective to do so.
Sanitized for Your Protection
JimMorrison
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May 18th, 2012 at 6:21:03 PM permalink
Quote: WongBo

hey, EvenBob is one of the most entertaining trolls on here.
and he fomats his text so they are easier to read.
(he thinks people read them.)
you do realize there is a block feature on this site?
just go to the 'top contributors' link and you can block anyone.



I don't read the forum enough to care too much and I'm not going out of my way to block anyone. When someone acts like an idiot, I'll simply tell them they are a f***ing idiot.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
WongBo
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May 18th, 2012 at 6:23:38 PM permalink
hmmm, we seem to have another candidate for the suspension list.
you may not be here much, but you still have to abide by the T&C.
see rule number ONE
WIZARD OF VEGAS - FORUM RULES
In a bet, there is a fool and a thief. - Proverb.
EvenBob
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May 18th, 2012 at 6:31:33 PM permalink
Quote: JimMorrison

I think you're a know it all cranky old man.




And that has what to do with anything? Seriously,
why would they give it it back? It doesn't belong
to you, it belongs to them. They said you can't
cash it or use it. If they give it back, all you can
do is pawn it off on somebody else and they'll
try and cash it. The law says if they can't determine
where you got it, the casino can keep it.
"It's not called gambling if the math is on your side."
JimMorrison
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May 18th, 2012 at 6:32:04 PM permalink
Quote: WongBo

hmmm, we seem to have another candidate for the suspension list.
you may not be here much, but you still have to abide by the T&C.
see rule number ONE
WIZARD OF VEGAS - FORUM RULES



Mike can suspend me if he wants but if you actually read what I said, I purposely did not call anyone any name at all.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
Mission146
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May 18th, 2012 at 6:38:50 PM permalink
I think that doing the right thing is easy, if you familiarize yourself with the Casino's Rules ahead of time. I would say that you never know when you are going to find something, so it's always best to call the casino and ask the policy. For instance, I play the Slots with small amounts of money because I enjoy the Slots, even though I know I am getting absolutely killed on the House Edge. My favorite Table Game is Let It Ride, and I know I'm getting killed on the House Edge there, too, but, my goal is to have some fun and MAYBE win money. Except Poker Tournaments, or Poker in general, I'm all business at the Poker Table...so it's actually not really any fun.

For example, I've noticed that many people will leave small amounts of money in slot machines, so I asked the Casino their policy when it comes to this. The policy at my regular casino is that any jackpots or handpays would be voided if you did not add additional money to the machine. However, if you won anything else on the machine, it wouldn't matter whether you put any money in or not because they essentially wouldn't know anything about it. They also do not care if you ticket-out and go cash your ticket.

I'll usually only take tickets if the machine has a dollar or more in it, and you'd be surprised how often this happens. I think people get frustrated when they reach the point that they can't max bet, and then they just stomp away and leave it in there. The best find I have ever had was $23, so I have no idea why someone would leave that amount in there.

Keep in mind that I don't scour the floor for this, or anything, this is all in the normal course of play...and paying a little bit of attention to the, "Credits," readouts around me. I probably average a find of $8-$10 in a two-hour session, so if I lose my gambling money for the day, I'll just go over to the Craps table and prop bet my findings just for the Hell of it. I'll usually throw it down on, "Any Craps," and walk out of the place if I win on it a little bit ahead. I've probably successfully hit, "Any Craps," doing that two-three times.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
EvenBob
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May 18th, 2012 at 6:46:46 PM permalink
Quote: WongBo

hey, EvenBob is one of the most entertaining trolls



UhHuh.

"The casino is simply following state law. Nevada regulations
allow casinos to seize chips if the casino "knows or reasonably
should know" that the chips weren't obtained in the course of
gambling by the individual presenting them."

Casino chips are NOT legal tender. The truth hurts..
"It's not called gambling if the math is on your side."
SOOPOO
SOOPOO
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May 18th, 2012 at 6:48:33 PM permalink
Quote: JimMorrison

I think you're a know it all cranky old man. You sit in your trailer and post here all day on every single subject like you know everything.



Welcome to WoO, JM!
SOOPOO
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May 18th, 2012 at 6:50:15 PM permalink
Quote: WongBo

hey, EvenBob is one of the most entertaining trolls on here.



Who would you say is second in level of interest?
EvenBob
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May 18th, 2012 at 6:53:00 PM permalink
More trolling:

"Chips absolutely aren't legal tender. They're the property of the casino,"
"They are tendered for a very specific purpose and that purpose is highly
regulated. We are obligated to verify that the chips were obtained through
appropriate and normal gambling activity."
"It's not called gambling if the math is on your side."
JimMorrison
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May 18th, 2012 at 6:56:16 PM permalink
Quote: SOOPOO

Welcome to WoO, JM!



Welcome? I was the first member ever signed up!
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
SOOPOO
SOOPOO
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May 18th, 2012 at 7:00:01 PM permalink
Quote: JimMorrison

Welcome? I was the first member ever signed up!



I know you, Jim, from my son's challenge. I was basically welcoming you to the forum which has become dominated by EvenBob and Buzzpaff. It's not the forum you joined.....
JimMorrison
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May 18th, 2012 at 7:11:30 PM permalink
Quote: SOOPOO

I know you, Jim, from my son's challenge. I was basically welcoming you to the forum which has become dominated by EvenBob and Buzzpaff. It's not the forum you joined.....



Gotcha, I missed the sarcasm. Yeah I read the posts here sometimes just not motivated enough to post. Bob used to be annoying now he's...well to say what I think would get me suspended. Never been a fan of Buzz from day one either.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
MrV
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May 18th, 2012 at 7:19:19 PM permalink
Quote: heatherhow

I found a $5000 chip at one of the casino's. They would not let me cash it in. They said they track all the high dollar chips and if I didn't know who it belonged to they couldn't cash it out. Do you think that I could play a table with the chip and try to cash it out that way?



Yeah, the set up for this seems questionable.

Troll or no troll, evenbob nailed it.

Seems to me that for a cashier to tell heatherhow that "if I didn't know who it belonged to they couldn't cash it out," heatherhow must have said she found it.

The denomination is too high for the cashier to simply say "Thank you for bringing this to our attention, and have a nice day" after an admission by heatherhow that the chip was found.

"What, me worry?"
buzzpaff
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May 18th, 2012 at 7:59:14 PM permalink
" I know you, Jim, from my son's challenge. I was basically welcoming you to the forum which has become dominated by EvenBob and Buzzpaff. It's not the forum you joined..... "

Dominated ? Me, surely you jest !

Have you seen the thread HotBlonde Challenge !
Beardgoat
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May 18th, 2012 at 8:50:34 PM permalink
I've worked as a cage cashier and never ever kept anyone's chips before. People refuse to give ID all the time because they think they're going to get taxed or because they're cashing chips for friends.
Beardgoat
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May 18th, 2012 at 9:06:31 PM permalink
And for what it's worth I've never heard of any other cashier keeping someone's chips
rdw4potus
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May 18th, 2012 at 9:41:06 PM permalink
I would think that a casino would need an awful lot of proof that the chip wasn't yours before they could/would/should take it from you. It's one thing to say "I'm sorry. We can't verify that you played. Take your chip back while we sort things out, and we may be able to cash it in later." and another to say "You might have played, but no one saw you. So I'm just going to take this $5,000 from you. Have a nice day."
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
AlanMendelson
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May 19th, 2012 at 1:43:12 AM permalink
It doesn't belong to you and in Nevada that's what the law says.

But here are some creative thoughts which may be illegal or definitely are illegal:

1. what would happen if you donated the chip to a charity and got a bonafide tax deductible contribution receipt? That would be worth something.

2. You could also be one of those guys at the airport who says "gee Im about to catch my flight and I forgot to cash in this chip. I'll sell it to you for a discount."

3. Put it on eBay.

4. Take it to a pawn shop in Vegas.

5. Cash it at a DIFFERENT casino. Many of the casinos in Vegas readily exchange chips. And at some of the big Strip casinos $5k chips do not raise any alarm.

6. At the casino where the chip was issued, stand at a high limit craps table and observe. When a dealer asks you if you would like to play, take the chip out of your pocket, throw it on the layout and firmly say "change."

7. Next time you try to cash it at the cage, present your driver license with the chip and say something like "Im sure you want my ID since I don't have a players card." That might disarm the cashier.
JimMorrison
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May 19th, 2012 at 1:59:43 AM permalink
Quote: AlanMendelson


5. Cash it at a DIFFERENT casino. Many of the casinos in Vegas readily exchange chips. And at some of the big Strip casinos $5k chips do not raise any alarm.



What casinos are those? $5k chips draw attention at every casino I know of. And majority of the time you will have difficulty cashing them. But that doesn't mean cashier will always seize the chip regardless of what Bob says. Although it has happened before.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
coilman
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May 19th, 2012 at 11:17:41 AM permalink
My mother once lost a ticket from a slot machine ...she noticed it was missing once she went to cash them out at the cash cage. She was franticly looking in her purse and pockets for that ticket. The cashier noticed this and asked if there was something wrong..... she was told by my mother she had lost one of her tickets for about $130. The cashier said hold on let me call somebody to see if they could help.

A few minutes later a Slot supervisor was there asking what machine she was playing and went back with her to the machine looking for the lost ticket. They didnt find it but the SLOT supervisor was able to pull up the voucher number and trace it to see if it had been cashed,,,it had already been cashed. So Security was called. They reviewed the cameras and were able to tell when she dropped the ticket. They also noted the lady that was sitting across the isle way noticed it and was just waiting for her to leave. Within seconds of her getting up the other lady scooped up that ticket. Security printed out pictures of the lady who scooped up the ticket and went around the floor to see if she was still there....she was. They took her down to the security office and told her she needed to pay that money back.... all she had left was twenty some dollars, the rest went into the machines already. SHe was given a month to repay the rest or she would be banned from the casino.

My mother was told by security to check in with them before she left that night( she told them she was going to be around for another hour or so) Just before leaving she went to the security office and was astounded to learn they got some of her money back. They also told her next time she came in to come down to the security office and check to see it the lady had returned the rest. Few weeks later she was there with a friend and went downstairs to check. Sure enough the lady not wanting to be banned had come up with the missing $110 or so..... it was mostly in rolled coins and small bills, but she got it all back because the floor staff of Caesars Windsor all did their jobs well that night.

Back in March while in Vegas for the first time I happened to come across $300 laying on the floor at the Flamingo. I picked it up and went back to a security officer I saw a minute ago asking what the casino did with money people found on the floor. His reply was "Were you lucky enough to find some money on the floor?" Yes I was...he said well congratulation enjoy yourself....never did ask how much or anything
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