The benefits of a line of credit in a casino?
- Thread starter pvcpipe
- Start date
pvcpipe
EOG Master
Re: The benefits of a line of credit in a casino?
What line of credit do I need for this? 10K?
What line of credit do I need for this? 10K?
Re: The benefits of a line of credit in a casino?
If you are playing casino games on a line of credit, you'll get some nice treatment win or lose.
If you are playing casino games on a line of credit, you'll get some nice treatment win or lose.
kinosh
2
Re: The benefits of a line of credit in a casino?
I don't think the winning/losing matters as much as your average bet and the time spent gambling.
I don't think the winning/losing matters as much as your average bet and the time spent gambling.
steak tartar
EOG Dedicated
Re: The benefits of a line of credit in a casino?
its fun......drunk markers......end of the trip i lost how much?..............feel the pain love it
its fun......drunk markers......end of the trip i lost how much?..............feel the pain love it
Re: The benefits of a line of credit in a casino?
steak, are you allowed to drink while you gamble in Vegas? :+clueless
FISHHEAD
EOG Master
Re: The benefits of a line of credit in a casino?
One would think so, and persaps they do at casinos outside of Vegas.............OR to those here in Vegas with HUGE lines of credit($100,000+ at one casino).
Having said that, here is my experiecne.........keeping in mind, 95% of my play in a casino is sportsbook or machine related(few tables). I have credit at approximently ten casinos here in the valley of sin, ranging from as low as $5,000 with a couple to as much as $25,000 with another and everything in between with the others..................
When I got appoved at my first property(Mirage), thought to that I would gain some extra benifits..............wrong.
Having credit now with approximently ten casinos has not garnished me anything of signifcance, other than the reasons I applied for the credit in the first place, and that was to have available funds in the casino if needed.
Again, no doubt the big whales as mentioned with at LEAST $100,000 credit receive extra treatment(in fact, know they do in some cases)...........case in point, when STEVE WYNNS Shadow Creek golf course opened, the ONLY people allowed to play the course were high end celebritys and those with at LEAST a $500,000 line of credit at a WYNN property.
One would think so, and persaps they do at casinos outside of Vegas.............OR to those here in Vegas with HUGE lines of credit($100,000+ at one casino).
Having said that, here is my experiecne.........keeping in mind, 95% of my play in a casino is sportsbook or machine related(few tables). I have credit at approximently ten casinos here in the valley of sin, ranging from as low as $5,000 with a couple to as much as $25,000 with another and everything in between with the others..................
When I got appoved at my first property(Mirage), thought to that I would gain some extra benifits..............wrong.
Having credit now with approximently ten casinos has not garnished me anything of signifcance, other than the reasons I applied for the credit in the first place, and that was to have available funds in the casino if needed.
Again, no doubt the big whales as mentioned with at LEAST $100,000 credit receive extra treatment(in fact, know they do in some cases)...........case in point, when STEVE WYNNS Shadow Creek golf course opened, the ONLY people allowed to play the course were high end celebritys and those with at LEAST a $500,000 line of credit at a WYNN property.
kinosh
2
Re: The benefits of a line of credit in a casino?
Right, it's the action you give that matters, not the line of credit.
Right, it's the action you give that matters, not the line of credit.
pvcpipe
EOG Master
Re: The benefits of a line of credit in a casino?
thanks to Raiders and Fish.
My understanding is that my credit score won't help me and they go by average daily balance of checking account. With that in mind, I won't qualify for more than 5k in credit.
Alternatively I'm considering sending an advance bank draft to the cage, which I would assume have the same effect. I'm coming out for March Madness, and some of the benefits I'd like are VIP check in to avoid the inevitably long lines and private airport transfer. Also at least the casino rate on check out and a meal here and there would be nice.
Plan B is offering Tuck $12 to pick me up from the airport wearing a Leprachan costume and holding "PVC" on a sign. Plan B actually sounds good and I'd be willing to go as high as $14.
thanks to Raiders and Fish.
My understanding is that my credit score won't help me and they go by average daily balance of checking account. With that in mind, I won't qualify for more than 5k in credit.
Alternatively I'm considering sending an advance bank draft to the cage, which I would assume have the same effect. I'm coming out for March Madness, and some of the benefits I'd like are VIP check in to avoid the inevitably long lines and private airport transfer. Also at least the casino rate on check out and a meal here and there would be nice.
Plan B is offering Tuck $12 to pick me up from the airport wearing a Leprachan costume and holding "PVC" on a sign. Plan B actually sounds good and I'd be willing to go as high as $14.
J
joeybagadonuts
Guest
Re: The benefits of a line of credit in a casino?
Wiring $ to the cage and getting a line of credit will give you about the same amount of perks, ime.
At least as of 2 or 3 years ago, taking as little as 10k in credit would get you reasonably good perks (Free room, free transportation, etc) as long as I played 4 hours or so a day and kept my avg bet at a reasonable amount.
GL
Wiring $ to the cage and getting a line of credit will give you about the same amount of perks, ime.
At least as of 2 or 3 years ago, taking as little as 10k in credit would get you reasonably good perks (Free room, free transportation, etc) as long as I played 4 hours or so a day and kept my avg bet at a reasonable amount.
GL
J
joeybagadonuts
Guest
Re: The benefits of a line of credit in a casino?
Yup. I found this out not long ago. I called the Venetian to see what sort of package they would set up for me to come out and play. My host was no longer around so I talked to a new guy who informed me that since I hadn't used my line of credit in ~2 years I no longer has access to it, nor any of the perks I once had. It sucks, but I understand why.
'
Yup. I found this out not long ago. I called the Venetian to see what sort of package they would set up for me to come out and play. My host was no longer around so I talked to a new guy who informed me that since I hadn't used my line of credit in ~2 years I no longer has access to it, nor any of the perks I once had. It sucks, but I understand why.
KingRevolver
Born Rambler
Re: The benefits of a line of credit in a casino?
You mean- is Steak allowed to gamble while he drinks?
You mean- is Steak allowed to gamble while he drinks?
FISHHEAD
EOG Master
Re: The benefits of a line of credit in a casino?
Yes, I'm very well aware of this........
A great plus in having many credit options at various casinos is one can basically get a free loan................for instance, I can take $10,000 out at one casino, then 27 days later take 10,000 out of another to pay the one off at the other joint.
Most places give one 30 days to repay their markers...............some less.
Believe it or not, of all the casinos I have credit at, my favorite is at ARIZONA CHARLIES............:LMAO
Anyways, no more about my personal life in this thread...........:blink:
By the way, have added JOHN KELLY to my list of CREDIT OPTIONS(not sure on limits)
Yes, I'm very well aware of this........
A great plus in having many credit options at various casinos is one can basically get a free loan................for instance, I can take $10,000 out at one casino, then 27 days later take 10,000 out of another to pay the one off at the other joint.
Most places give one 30 days to repay their markers...............some less.
Believe it or not, of all the casinos I have credit at, my favorite is at ARIZONA CHARLIES............:LMAO
Anyways, no more about my personal life in this thread...........:blink:
By the way, have added JOHN KELLY to my list of CREDIT OPTIONS(not sure on limits)
J
joeybagadonuts
Guest
Re: The benefits of a line of credit in a casino?
Is this English, RobinhoodFish?
Do you use those markers to pay off your dumpster look-outs as well? That's the real question.....
Is this English, RobinhoodFish?
Do you use those markers to pay off your dumpster look-outs as well? That's the real question.....
FISHHEAD
EOG Master
Re: The benefits of a line of credit in a casino?
Since my return to Vegas, only dumpster I've visited is the one at my condo.....................only score as been a few hardcover books.........my favorite being one that details the OSU-MICH football rivalary.
Ok, NO MORE PERSONAL INFO FROM ME IN THIS THREAD................stop egging me on.:btj:
Since my return to Vegas, only dumpster I've visited is the one at my condo.....................only score as been a few hardcover books.........my favorite being one that details the OSU-MICH football rivalary.
Ok, NO MORE PERSONAL INFO FROM ME IN THIS THREAD................stop egging me on.:btj:
Re: The benefits of a line of credit in a casino?
LOL.
Call me crazy. I would just guess that lines of casino credit should not be on the minds of most EOG poster/"gamers."
LOL.
Call me crazy. I would just guess that lines of casino credit should not be on the minds of most EOG poster/"gamers."
ajaysdreamplays
EOG Addicted
Re: The benefits of a line of credit in a casino?
I just like to be able to say, "never have, never will," at the teller cage when I cash in my chips and the clerk asks if I have any markers out.
I just like to be able to say, "never have, never will," at the teller cage when I cash in my chips and the clerk asks if I have any markers out.
Re: The benefits of a line of credit in a casino?
Well, because borrowing money to gamble should be intuitively a terrible idea. Now I realize that markers can be taken out for short term loans where the borrower has no intention of risking the money. But that's too high finance for me.
If deluded gamblers go into borrowing money because they think they are going to achieve gambling success by using "other people's money," that does not usually end well. I don't recommend it.
Well, because borrowing money to gamble should be intuitively a terrible idea. Now I realize that markers can be taken out for short term loans where the borrower has no intention of risking the money. But that's too high finance for me.
If deluded gamblers go into borrowing money because they think they are going to achieve gambling success by using "other people's money," that does not usually end well. I don't recommend it.
fifty cint
EOG Dedicated
Re: The benefits of a line of credit in a casino?
Nothing wrong with interest free money for 30+ days.Thats seems like a sharp move to me
Nothing wrong with interest free money for 30+ days.Thats seems like a sharp move to me
kinosh
2
Re: The benefits of a line of credit in a casino?
With interest rates running at 0.2%, that's 17 cents per $1,000 per month, or about 12 cents after tax. Big whoopie!!
With interest rates running at 0.2%, that's 17 cents per $1,000 per month, or about 12 cents after tax. Big whoopie!!
kinosh
2
Re: The benefits of a line of credit in a casino?
Taking a marker is equivalent to cashing a check. That's not a loan. Do casinos allow you to take out a cash advance on a credit card as a marker?
Taking a marker is equivalent to cashing a check. That's not a loan. Do casinos allow you to take out a cash advance on a credit card as a marker?
Viejo Dinosaur
EOG Master
Re: The benefits of a line of credit in a casino?
I played there the first year it opened...we were one of 3 foursomes on the course that day...:btj:18 holes and you couldn't see another hole other than the one you were playing...caddies were getting 200 bucks for the foursome..
I played there the first year it opened...we were one of 3 foursomes on the course that day...:btj:18 holes and you couldn't see another hole other than the one you were playing...caddies were getting 200 bucks for the foursome..
pvcpipe
EOG Master
Re: The benefits of a line of credit in a casino?
I see what you are saying. However, I'm willing to risk a certain amount on my vacation. I'd rather not deal with carrying that much cash. Additionally, it would be nice to get some meals, transportation, and so on. So it just seems appropriate to get approved for that amount of credit, then settle when I check out.
I don't look at a marker as "borrowing money" any more than I look at sportsbetting with my credit local as "borrowing money."
I see what you are saying. However, I'm willing to risk a certain amount on my vacation. I'd rather not deal with carrying that much cash. Additionally, it would be nice to get some meals, transportation, and so on. So it just seems appropriate to get approved for that amount of credit, then settle when I check out.
I don't look at a marker as "borrowing money" any more than I look at sportsbetting with my credit local as "borrowing money."