Markers

[AGONPD]

however, one other aspect to keep in mind, should it matter to you, is that
these are really interest-free loans, so instead of you losing the interest
on your cash for the two weeks between pay-off (you can request a certain time
period at some casinos, within limits), it's the casino that eats the
'float'. and, as harry mentioned, no atm fees.

for me it's a matter of convenience. i go to casino without having to have
thought of getting cash to bring, and then carrying it (in my case, a few
thousand) through parking lot or on plane, whatever; i get the cash at the
casino, pay it back unless i lose, and if i do lose, don't have to think about the
mechanics of paying back, it is automatically deducted from my checking
account. very convenient. a note of caution, obviously: i think the smartest
way to go is to arrange for a marker limit that matches your projected session
bankroll limit, so that if you lose, you don't exceed what you plan as
bankroll.

<<With regard to concerns about "carrying too much cash". Players
should be aware that the casino can function as a short-term bank.
Most casinos will set up a "front money" or "safe keeping" account at
your request. I often use one for an extended trip, rather than keep
cash in my room safe. I'll also deposit a large win and hold it over
to future trips (I'm not particularly concerned about losing the 1%
interest I'd receive in a short-term deposit account ;). You can draw
or add funds as needed.

- Harry>>

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

[cdfsrule1]

There are a few good reasons to use markers, a few bad ones. For most (some? ) here, I'd
think the pro's outway the cons

1) Interest free loan (all ready stated). The more you borrow, the longer you have until you
have to pay it back. The time periods are usually threshold based, so tht if yo borrow less
than $5K, you might have 2 weeks, and more than $5K, you might have 30 days (these are
just examples, it varies by casino and by region)

2) Some casino perks come readily only if you have a credit line (for markers). For
example, you can't stay in an MGM villa unless you have a $60K line-- and use it. I think
the front Villas at the Wynn require $100K, and the fairway villas even more (I have heard
rediculus figures!). So if you want to be a real high roller, you will have to have a real big
credit line

3) Having and using a credit line seems to help with the comps, offers, etc. Warning:
having, using (taking a marker), but not gambling (and not paying it back) too much is not
a good idea (in other words, casinos don't want you to use the interest free loan feature
too much if at all)

4) Setting up a credit line in advance of a visit (especially your first visit) can be a good
thing, even if you don't use it. Just setting it up can get you pretty good treatment-- at
least for 1 visit.

5) When you establish a credit line, the casino does some kind of credit check (or a sub
contractor does). This can be a bad thing (if you are, say, applying for a mortgage, or
have other reason not to want them poking about. sorry, no more details on that point!).
For real high (and some medium) rollers, the casino already knows all kinds of stuff about
you) like they might even find out if you win a big settlement or get an inheritence-- so a
little more infor from the credit check might not be even significant

6) You don't have to carry cash (already mentioned). For highlimit players this can be a real
issue. Getting $10k+++ in cash from a bank is not easy. You have to keep it around
(somewhere, event in a casino locker!) or use credit

7) All the typical cons, already mentioned (like, you might be tempted to gamble beyone
your budget). But, keep in mind, you sert ("request") the size of the credit line. Don't get
one that's uncomfortably large.

8) If you might ever need real cash, in a hurry, when a bank might be closed-- casino
credit is a good thing. Cost-wise It beats the hell out of credit card cash advances-- but
more importantly, you can get a lot of cash in a jiffy even if there is no open bank around,
24 hours a day. If you live near a casino-- this is a big pro.

···

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

however, one other aspect to keep in mind, should it matter to you, is that
these are really interest-free loans, so instead of you losing the interest
on your cash for the two weeks between pay-off (you can request a certain time
period at some casinos, within limits), it's the casino that eats the
'float'. and, as harry mentioned, no atm fees.