vpFREE2 Forums

Is Getting A Marker Ever A Good Idea?

#1

Howdy

First let me state the number of times I asked for a casino loan I can count
on one hand excluding my thumb.

In my last experience I had dropped 300 bucks rather quickly on a .25 money
grabber. I decided to play a .dollar machine with another 300
dollar.bankroll.There must have been an afternoon full moon cause I rarely play over .25 or
lose more than the 300 a session

Anyhow I borrow the money and begin to play and get a dealt straight flush
on the first couple hands.

That brought me close to even and I immediately repaid my marker and did an
exit stage left. So it was a good move on my part .although that was one hell
of a long shot. Comments welcome.

Grumpy

**************It's Tax Time! Get tips, forms, and advice on AOL Money &
Finance. (http://money.aol.com/tax?NCID=aolprf00030000000001)

[Non-text portions of this message have been removed]

#2

Howdy

First let me state the number of times I asked for a casino loan I

can count

on one hand excluding my thumb.

Is getting an interest free loan ever a bad idea?

Getting the marker is never a bad idea. The same can't be said about
how the maker is used. For example, using a marker to play above your
bankroll is rarely a good idea and using a market to play enough to
wipe out your roll is never a good idea.

···

--- In vpFREE@yahoogroups.com, BANDSTAND54@... wrote:

#3

BANDSTAND54@ wrote:

> First let me state the number of times I asked for a casino loan I
> can count on one hand excluding my thumb.

Is getting an interest free loan ever a bad idea?

ckonwin wrote:

Getting the marker is never a bad idea. The same can't be said about
how the maker is used. For example, using a marker to play above
your bankroll is rarely a good idea and using a market to play enough
to wipe out your roll is never a good idea.

Excellent observations.

I'll note, however, that the short duration of a marker and the fact
that it's likely used in lieu of drawing on low earning funds makes
the "interest free" aspect a rather limited value consideration.

Markers are of greatest value when carrying cash for play is a
relatively unattractive prospect (perhaps in lieu of carrying $5K or
perhaps $10K+ to Vegas to protect against sharply adverse play luck
that one is willing to bankroll).

However, in the example cited here, more modest play is involved and I
suggest that as a matter of discipline it's more desirable to simply
arrive at the casino with the maximum cash that one is willing to risk.

As ck's remarks would suggest, there's a certain urge to chase your
losses in the heat of the moment. A credit line that makes funds
available beyond what one would otherwise risk is an invitation for
gambler's remorse.

- Harry

#4

some times i leave my house and forget to bring my money, so i get a
MARKER from the casino and pay them back the next time i come back to
the casino

#5

Now that casino ATM's charge up to $3.75 (Station's) in addition to your banks own fees (if applicable) markers are a way to bypass these outrageous fees (FWIW these fees are shared by the ATM and the casino) . Of course, responsible usage of markers as with ATM cash, check cashing privilege, or cash you bring is the responsibility of the gambler.

> > First let me state the number of times I asked for a casino loan I
> > can count on one hand excluding my thumb.
>
> Is getting an interest free loan ever a bad idea?

ckonwin wrote:
> Getting the marker is never a bad idea. The same can't be said about
> how the maker is used. For example, using a marker to play above
> your bankroll is rarely a good idea and using a market to play enough
> to wipe out your roll is never a good idea.

Excellent observations.

I'll note, however, that the short duration of a marker and the fact
that it's likely used in lieu of drawing on low earning funds makes
the "interest free" aspect a rather limited value consideration.

Markers are of greatest value when carrying cash for play is a
relatively unattractive prospect (perhaps in lieu of carrying $5K or
perhaps $10K+ to Vegas to protect against sharply adverse play luck
that one is willing to bankroll).

However, in the example cited here, more modest play is involved and I
suggest that as a matter of discipline it's more desirable to simply
arrive at the casino with the maximum cash that one is willing to risk.

As ck's remarks would suggest, there's a certain urge to chase your
losses in the heat of the moment. A credit line that makes funds
available beyond what one would otherwise risk is an invitation for
gambler's remorse.

- Harry

···

Harry Porter <harry.porter@verizon.net> wrote: BANDSTAND54@ wrote:

---------------------------------
Looking for last minute shopping deals? Find them fast with Yahoo! Search.

[Non-text portions of this message have been removed]

#6

In MHO markers can be a good thing. For me, it helps at the end of
the year to "verify" with IRS that I indeed used my own cash with
which to gamble and I use the slips to support my "trip" log. The big
proviso is that one NEVER uses money that one cannot afford to lose.
So, if paying back the marker is a problem, don't even think of using
the casino's money.
Best of luck~
MEM
OTOH, what Grumpy said,

That brought me close to even and I immediately repaid my marker

and did an

exit stage left. So it was a good move on my part .although that

was one hell

···

of a long shot. Comments welcome.

Grumpy

#7

I posted my reply on another list where this question was posted, but
thought I would share it here as well.

···

---
You are asking two different questions.
Is getting a marker ever a good idea?
Yes.
While I don't have credit lines in AC, I have credit lines in Las
Vegas specifically so that I do not have to travel with a lot of cash
or deal with getting a check approved. I have the money to cover the
markers in my checking account. It works very well for me.

Is getting a marker when you do not have the money or are doing it on
an impulse (and a losing streak) ever a good idea?
No.
As you experienced, though, even bad ideas work out from time to time.

Cheer Up,
Mark