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slyther
slyther
Joined: Feb 1, 2010
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July 5th, 2012 at 8:56:13 AM permalink
I would have been very skeptical too. Likewise I am very hesitant to buy lammers off of people at poker tournaments since I often don't know what the lammers look like and they could easily be fake.
AZDuffman
AZDuffman
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July 5th, 2012 at 9:07:29 AM permalink
I'd have been skeptical as well. I've sold cheques in a line at the cage at the poker room, but to a buyer who approched me. I would not buy any kind of coupon from someone in line.
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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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February 4th, 2013 at 12:30:05 PM permalink
A few years ago I was in Niagara Falls, CA and there was no fee if you had a players card. With all the money, they exchange, there shouldn't be any fee in the first place. It's just a complete rip off.
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Sensei
Sensei
Joined: Jun 8, 2015
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June 30th, 2015 at 8:47:41 PM permalink
Quote: Mission146



The only reason that wouldn't be the case in this event is because I would be the guy standing in line griping about the 4% the whole way. It's probably not the cashier's fault, in fact, I know it isn't, but she doesn't get toked a red cent...I don't care how much I win. The casino can darn well afford to pay her what a cashier in a reasonable situation would be toked.



I've never gambled outside of the USA but mostly because of time considerations. I do hesitate to gamble in euros or patacas because it seems to me like that's an automatic 4% loss (2 percent each way) before I ever place a bet. Am I mistaken? Do casinos in Europe/Macau have narrow spreads? Or do travelers just take the hit for the experience of gambling abroad?

Also, I don't understand why a Canadian casino wouldn't accept a bet of US$ at parity. They profit off of the margin and it lowers a barrier to gambling for American customers. Apparently in Macao where $1.03 MOP$ = $1 HK$, a HK$ is almost universally accepted at parity in place of a MOP.
The only legitimate reason I could think of is that the cage is trying to deter tourists from changing their money and then leaving the site. It sounds to me like the casinos are just trying to rip people off though.
deedubbs
deedubbs
Joined: Nov 19, 2009
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July 19th, 2015 at 11:47:51 PM permalink
Maybe she adjusted your offer for her opinion of probability of counterfeit currency, deemed the offer not favorable on a risk-adjusted basis, and then played dumb.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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July 20th, 2015 at 2:12:42 AM permalink
Quote: deedubbs

Maybe she adjusted your offer for her opinion of probability of counterfeit currency, deemed the offer not favorable on a risk-adjusted basis, and then played dumb.

Nah, just dumb and sensible, the two are not mutually exclusive.

MOST counterfeit exchange takes place outside the casino. they will say they noticed you in the casino and followed you outside to discuss a proposition...usually some sob story involving Immigration and the IRS. You get a suitcase of bargain chips the casino catches the counterfeit chips, start playing tapes back and you get a tap on the shoulder and the guy ain't in a seer sucker jacket, he is in full uniform and has all the equipment on his belt. they sieze all your fake chips and you pay for lawyers.

the woman has probably been doing this several times a week for eons and is not going to be receptive to Math whiz what wants to throw a monkey wrench into her routine. she thinks that since it is "different" it is probably wrong and you know what a con man always says "You can't cheat an honest man".
teddys
teddys
Joined: Nov 14, 2009
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July 26th, 2015 at 12:48:03 PM permalink
Oh, so this is back.

I have $132 CDN that I want to sell. Any takers? Last time I checked the spot market was down to about 0.767 per USD. That's the lowest it's been in quite a long time.

I just got back from nine days in Quebec/Montreal. I would recommend a trip there. The casino is really very nice (and weird, but in a good way).
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
GWAE
GWAE
Joined: Sep 20, 2013
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July 26th, 2015 at 1:25:00 PM permalink
Quote: teddys

Oh, so this is back.

I have $132 CDN that I want to sell. Any takers? Last time I checked the spot market was down to about 0.767 per USD. That's the lowest it's been in quite a long time.

I just got back from nine days in Quebec/Montreal. I would recommend a trip there. The casino is really very nice (and weird, but in a good way).



I remember many years ago it was .66. I can remember going to Dennys for breakfast and it was $30 cdn. OK no big deal, I went back in 2012 and it was still $30 cdn but now it was actually 30 usd as well since the rate was so close. Glad to see it going back the other direction finally.
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