I'm not sure what they call that. However once you do exchange it. You now have illegal money so now you want to spend it. That's where laundering comes in.Quote: GWAE
Kinda funny that I never really knew what laundering was. I thought it was counterfeit money being exchanged for real money.
I feel like the scene in office space when they discuss it.
You miss understand what i'm saying , the casinos do win loss statements to keep track of YOU. They were not originally made for the players to use.Quote: Wizardofnothing
Casino win loss statement from my experience are not worth the paper they are printed on
They may not be sufficient proof of your W/L, however if the authorities wanted to use them against you they would suddenly be proof positive.
No problems to date, but then again I've never been audited.
I also keep a wriitten record of the dates gambled, the casinos visited, and the total amount won or lost each day at craps and slots.
You can win 10 mil and write it off- no problem until you get audited - then without win loss logs with sitter color inks and frayed pages to show use may may may suffice- win loss statements from casinos won't help at all
Let's just hope I never find out.
Go to the largest casino - one I don't play at - Let's say Beau Rivage in Biloxi.
Go to a video poke machine. Feed it $500 to $1000.
Just cash it out. Not even play a hand.
Repeat a couple of times.
Go to the ticket / cash out machine. Feed it one ticket.
Go to another ticket/cash out machine, feed it another.
Keep going until I've swapped all my "found" money for the casino's "clean" money. That deals with any serial number issues. Obviously, the more money you have, the more tedious this would be.
Now, to come up with a way to explain the reason behind the accumulation of funds - small, numerous pay outs.
Apply online for a Bluebird (American Express) card. They're free, and issues without credit check.
Deposit a grand or so, on different days.
Now you have stored value that you can pull out when you want at any atm.
Repeat as necessary
Do not stuff the gym bag full of cash into an empty cardboard box and carry it up three flights of stairs and dump it in the pile of empty cardboard boxes in the hallway outside of Burt Reynold's new restuarant.
Especially you shouldn't do this if as you pass that second flight of stairs there is an unusual and rather intense looking person standing in the doorway holding the door open. All this in what are basically fire exit stairwells in a major hotel/entertainment/shopping complex in a major city on the day after Thaksgiving if the gym bag full of cash was placed where you found it by the GBI and they thought they had all the exits covered, covered with serious firepower. And the bad guy gets away, albeit without the cash, and you were the only person that saw him, and could pick him out of a line-up. You will find yourself with a lot of explaining to do, and a bunch of other hassles.