It’s simple.
Lines of credit increase the casino’s handle.
Casinos aren’t afraid of making a risk volume/Ev decision.
It’s no different than a credit card.
If they take your action, why not take twice your action?
For the player, it eliminates walking through the
lot
with a wad of 100s.
···
On Tuesday, August 5, 2014 1:11 PM, “Albert Pearson eh…@…com [vpFREE]” <vpF…@…com> wrote:
I have been using casino credit in many locales including a number of casinos in Las Vegas for a lot of years.
Casino credit should be handled the same as any other type of credit. In the hands of a well disciplined player a line of credit is a great convenience. You don’t have to make large withdrawals from your bank before a trip, you don’t have to worry about carrying around large amounts of cash. I am a great fan of casino credit. I always pay off my marker when I finish playing at the casino, if I’m up I pay in cash, otherwise I write a check. Some people wait for a bill in the mail.
As with a regular credit card, some people will get in trouble by using casino credit. I would never say that it is for stiffs or suckers.
I would say that you must be highly disciplined with your gambling
to be able to handle it.
In
all my years of playing I have
never found that my treatment at a casino has changed from when I played with cash or used a credit line. I normally do not apply for a line of credit at a casino until I have played there a few times and decide to put that casino on my “A” list.
Regards
A.P.
From: “Nordo…@…com [vpFREE]” <vpF…@…com>
To: “vpF…@…com” <vpF…@…com>
Sent: Tuesday, August 5, 2014 3:30:48 PM
Subject: [vpFREE] Re: Bob Dancer’s LVA - 5 AUG 2014
Bob, I understand your entire article except for the part that having an active line of credit helps. I was told that having casino credit is only for stiffs and suckers. I am neither, I am a gambler (these 3 catagories however are not mutually exclusive). Two players play once a week. Player A has casino credit, Player B does not. Both players put through the same amount of money each week on the same machine. Player A uses casino credit, Player B uses his own money. If I were a casino manager I would give more to Player B. Even if Player A is not a stiff (Player B can’t be a stiff) Player A is given an interest free loan, Player B is not. Now I know an interest free loan is not worth much these days but it is worth something. In addition there are extra booking costs associated with Player A. I was also told by someone that worked in casino credit that the casino pays more attention to credit players. To make sure the credit player pays
whatever he has on him up to the amount of the extended credit. Thanks, Bob.
Sent from my iPhone