What NOT to do in a Casino

[mhkohne]

WTF? You'd think the credit card companies would automatically flag a large cash advance at a casino as suspicious - great way for a thief to gamble with someone else's money.

You know, I think a Casino is one of the few places anywhere in the world that a 10K withdraw might NOT be fraudulent. It still might, of course, but where, other than a casino, would anyone need 10K in cash on a moment's notice?

[Headset Hellion]

You know, I think a Casino is one of the few places anywhere in the world that a 10K withdraw might NOT be fraudulent. It still might, of course, but where, other than a casino, would anyone need 10K in cash on a moment's notice?

I'm sure SmileyEagle is more informed on this than me, but my understanding is that casinos have additional security verification procedures for this type of cash advance. We're not talking about $10K in cash coming out of an ATM. It's charged as a "cash equivalent" cash advance and shows up on your bill specifically from the casino.

[CrazedClerkthe2nd]

You know, I think a Casino is one of the few places anywhere in the world that a 10K withdraw might NOT be fraudulent. It still might, of course, but where, other than a casino, would anyone need 10K in cash on a moment's notice?

A high roller can easily drop 10K on high limit tables or slots in a short amount of time.

As to the other question about the self excluded guy who hit the jackpot. The casino does not get the money, it goes I believe to the Gaming Commission and though I don't remember for sure I think it usually gets donated to charity after that.

[Aethian]

A high roller can easily drop 10K on high limit tables or slots in a short amount of time.

10 hands or less of BJ not even a full shoe.

[ADeMartino]

If you don't play, you can't win.

Of course, the corollary is: If you don't play, you can't LOSE, either.

Everybody seems to forget that.

[EricKei]

10 hands or less of BJ not even a full shoe.

I read that totally wrong at first glance (in a Sheldonesque way) . Serves me right for surfing while recovering from a fever ~_~

[Seshat]

10 hands or less of BJ not even a full shoe.

Remind me to become wealthy enough that ten thousand dollars means nothing more than a few hands of blackjack.

[Mr Hero]

I loves me some blackjack.

I love me some blackjack and hookers! In fact forget the blackjack!

[Canarr]

As to the other question about the self excluded guy who hit the jackpot. The casino does not get the money, it goes I believe to the Gaming Commission and though I don't remember for sure I think it usually gets donated to charity after that.

Ah, okay; I guess that makes a bit more sense. Thanks for the reply.

[BearLeeBadenaugh]

The self-exclusion list sounds interesting. Pretty sure they've got them here for the casinos, though I've not checked into it.

Raises a question for me. It sounds like it might be fairly easy to get yourself on the list, makes me wonder just what it would take to get yourself off the list?

[smileyeagle1021]

Huh! Interesting tidbit smiley. Wonder if there's been any REALLY long range analysis of this.

I doubt it... the gaming board tends to act more along the line of "we don't know if it can happen, but here's the rule for if it does" as their general modus operandi.
That is why part of our Keno audit is to watch surveillance of the balls being pulled (which is done with an automated machine that reads IR chips in the balls to determine the numbers, so no human interaction except in set up and maintenance which can only be done by state certified contractors) to make sure that the keno attendant didn't falsify the numbers (which is practically impossible), rules like finance employees must use a credit card when making purchases on site (that may be a company policy instead of gaming board though), and those are just two of the myriad of rules that require a full time person who does nothing but make sure we don't violate any of the gaming board's just in case rules.

[Racket_Man]

<snip>

rules like finance employees must use a credit card when making purchases on site (that may be a company policy instead of gaming board though), and those are just two of the myriad of rules that require a full time person who does nothing but make sure we don't violate any of the gaming board's just in case rules.

At the casinos I delivery to ALL employees (from thye cleaners to gaming personal)who are on the gaming floor are not allowed to carry ANY cash or CC on them. When we deliver to them the driver has to go to the main security desk on the gaming floor where the employee has dropped off an envelope with money in it. Before the security desk worker hands off the envelope they have to call ( I believe) the video surrvallence room to make sure they know what is going on and the "transaction" is "legal and above board".

[downforit2008]

Casinos hate me right now.

Each time I go to a casino, I walk out with at least $500 cash after spending an average of less than $20. The casinos aren't making a profit off of me as a result. Oh, well. They got plenty of bad gamblers to siphon off from!

[reimero]

Side note and kind'a question here:

I've long been of the opinion that in the games of 'skill' - or rather, relative skill, such as poker and blackjack - the statistics end up roughly like this:

- house gets a portion
- most players lose
- some players (the most skilled, the luckiest) go home with a portion of what the losers lost.

So basically it ends up being: Losers' losses = house portion + winner's winnings.

At least over a long enough period of time. There might be times where the house loses for a while (or in one of six tables, perhaps); but not in the long run.

In general yes, although when it comes to poker, it varies. If you're talking Caribbean Stud poker, it's similar to what you mentioned above. If you're talking about a traditional poker table (Hold 'em, Hi-Lo, etc.), there actually is significant skill involved there (although that skill is arguably a mix of risk management and psychology). Thus, because the house cannot gain an inherent advantage (i.e. every hand has a winner), the house instead makes its money by getting a cut of every pot. The house will make more money when the bets are higher, but it's more accurate to consider a poker table a "table rental fee" than going against house odds.

[wolfie]

From what I've heard, because poker doesn't have an "edge" that the house can use, players in poker rooms DON'T play against the house - strictly against other players. The "cut of the pot/table rental fee" is the ONLY way the casino makes its money.