vpFREE2 Forums

Money Management: the Bob Dancer Way

#1

In Carlos' post the other day he was talking about the $500 loss
limit.

There are ways around it. A couple of years ago, Bob Dancer wrote an
article about Kansas City Casinos. What Bob and his wife did was to
buy in for the full amount every 2 hours for a day and then when Bob
had $5,000 - $10,000 in black chips, he began to play. When he needed
money, he would convert his "black chips" into $5.00 tokens.

I don't know but I guess you could put $500 in a machine, and pull out
the $500 TITO and hold it until the next time you play.

I wouldn't do that unless you plan to come back an play within a few
weeks because TITO's do expire after 120 days (and don't expose them to
high heat).

Has anyone tried that?

#2

The $500 loss limit hasn't been a big factor in our gambling experiences. In other words, we have not advanced to that level of play. However, when playing the $5 machines the loss limit could become a major aggravation. Sticking 500 bucks in those machines won't get you many more credits that a 20 dollar bill in a quarter machine. And we all know how long that lasts.

If and when we tackle the $5 machines we will probably time it so we start playing just before the start of the next "boarding session" -- believe this is on the even hours at Harrah's and Ameristar. In this case another $500 loss will be available within a few minutes. If both Lucky Lucy and I do this it would give us $2000 for play within a short period of time -- way over my comfort level. :wink:

Rick

···

----- Original Message -----
  From: Ron Clewell
  To: vpFREE_KC@yahoogroups.com
  Sent: Monday, April 11, 2005 7:52 AM
  Subject: [vpFREE_KC] Money Management: the Bob Dancer Way

  In Carlos' post the other day he was talking about the $500 loss
  limit.

  There are ways around it. A couple of years ago, Bob Dancer wrote an
  article about Kansas City Casinos. What Bob and his wife did was to
  buy in for the full amount every 2 hours for a day and then when Bob
  had $5,000 - $10,000 in black chips, he began to play. When he needed
  money, he would convert his "black chips" into $5.00 tokens.

  I don't know but I guess you could put $500 in a machine, and pull out
  the $500 TITO and hold it until the next time you play.

  I wouldn't do that unless you plan to come back an play within a few
  weeks because TITO's do expire after 120 days (and don't expose them to
  high heat).

  Has anyone tried that?

  vpFREE Links: http://members.cox.net/vpfree/Links.htm

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#3

I believe the tickets are 'thermal paper' and have seen one that was
totally black (worthless?), so definitly be carefull about how you
handle them. I do carry tickets around and have never had a problem
with them getting damaged in my wallet, also as far as expiration
dates go, you can just take an older one and put it in any TITO
machine, then just cash out, and now you have a 120 day extension.
Another good thing to do when you get paid a jackpot, is to ask for
black or orange chips, they never expire and if you need to convert
them to tickets later just go to the cage and get $5 slot tokens, then
put them in a TITO slot that allows you to change the denom, then just
hit cash out and you have a ticket. No card required to put tokens in
a machine and cash out.

Jim

···

--- In vpFREE_KC@yahoogroups.com, "Ron Clewell" <gungaroo@y...> wrote:

In Carlos' post the other day he was talking about the $500 loss
limit.

There are ways around it. A couple of years ago, Bob Dancer wrote an
article about Kansas City Casinos. What Bob and his wife did was to
buy in for the full amount every 2 hours for a day and then when Bob
had $5,000 - $10,000 in black chips, he began to play. When he needed
money, he would convert his "black chips" into $5.00 tokens.

I don't know but I guess you could put $500 in a machine, and pull out
the $500 TITO and hold it until the next time you play.

I wouldn't do that unless you plan to come back an play within a few
weeks because TITO's do expire after 120 days (and don't expose them to
high heat).

Has anyone tried that?