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Cashing out chips Cashing out chips

03-02-2019 , 08:56 PM
Is the only form they can do this at a casino is cash?

In places like Vegas, can they cash out with checks?
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03-02-2019 , 09:29 PM
The casino will write you a check if you want IME.
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03-03-2019 , 01:31 AM
I think you can even get money orders too.

I believe you can have your money deposited directly into a bank account.
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03-03-2019 , 09:31 AM
Quote:
Originally Posted by DisRuptive1
I think you can even get money orders too.

I believe you can have your money deposited directly into a bank account.
That might also depend on the amount you want to cash out. At the WSOP, you can even split larger sums, like getting $50k in cash to pay backers and $50k wired to your bank account. But I think there’s a minimum for them to do anything other than cash.

@OP: call the casino and ask.
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03-03-2019 , 10:14 PM
Quote:
Originally Posted by KiloMan468
Is the only form they can do this at a casino is cash?

In places like Vegas, can they cash out with checks?
It’s worth noting, many casinos only write checks from one cage or one location. In my experience, I’ve often had to turn in chips for cash and the proceed to take the cash to turn it into a check. Of course, this was at my local casinos and they do everything a little weird here in Detroit.

Not quite sure what you’ll find in Vegas but I bet you can get a check there as well. You just might find there is a fee for a check or for a wire transfer.
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03-03-2019 , 11:28 PM
It depends on the casino. I've heard a few players complain that some casinos wouldn't give them a check when they hit a bad beat jackpot over $20K.
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03-03-2019 , 11:51 PM
Quote:
Originally Posted by BDHarrison
It depends on the casino. I've heard a few players complain that some casinos wouldn't give them a check when they hit a bad beat jackpot over $20K.
Might have something to do with bad beat money is segregated because it is player funds and a check is drawing money from some other account so they don't want to deal with a $20k+ accounting adjustment.

You might work around it by taking cash, buying $20k worth of chips, then going to the cage and cashing chips and requesting a check.
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03-04-2019 , 05:10 AM
Fun fact, I once tried to get a cheque from a casino when cashing out a large amount of chips and they would only give me cash because they couldn't verify my win / loss (no players card) and I could be money laundering.
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03-04-2019 , 05:40 AM
I got paid by check at 3 different venues. There are varying degrees of how inconvenient it is. Commerce was the worst... they made me put it in my player bank.... fill out a check request form... wait a day for some accountant that’s never there to process it and then wait for the cashier to go upstairs and get the check and fill out like 5 more forms. (Ended up taking like 5 visits and 3 business days because they didn’t process each step except the player bank deposit until I followed up as well... after 3 days they said when they went upstairs to get the check that the accountant went to lunch (at 3:30pm) and to come back later... had to get a shift manager to get someone with access as that was my last day in town and did not trust them to mail it) Other two places were done in less then 5 mins which is about the same for payout over 10k anyways. One was Indian preserve so check took like a month to clear but probably my banks fault. Never paid a fee. I think wires might cost money but be quicker never tried though.

Last edited by smoothcriminal99; 03-04-2019 at 06:02 AM.
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03-05-2019 , 11:30 AM
IME the world is adjusting to cash/paperless transactions but it probably will vary from venue to venue.

If I remember correctly there was a thread two years ago about how 'easy' it was to deposit cash into a casino but quite different when you wanted to 'send' it back out. Times and technology have changed. As mentioned above there could also be 'receiving' issues at your bank as well.

Another 'if I remember correctly' moment was when DNegs and a few other poker Pros were posting that a (very large) bank contacted them and told them they no longer wanted to hold their funds ... new bank policy. I can only assume that the bank has backpedaled a bit since then and adjusted to the times. GL
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03-09-2019 , 07:33 AM
Quote:
Originally Posted by KiloMan468
Is the only form they can do this at a casino is cash?
At the casino i have been to and the casinos i plan on going to no.
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03-14-2019 , 11:36 PM
whats the big deal about just taking the cash with you or to a bank and depositing it.
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03-15-2019 , 01:07 AM
Quote:
Originally Posted by Ray Zee
whats the big deal about just taking the cash with you or to a bank and depositing it.
If its $500 sure, but are you carrying around $50,000 cash with you?
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03-15-2019 , 01:15 AM
to the bank yea. thats what gamblers do.

but for 50 g's most casinos will write a check or wire it to your bank.

no one knows you have 50 g's on you.
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03-15-2019 , 01:30 AM
Quote:
Originally Posted by Ray Zee
to the bank yea. thats what gamblers do.

but for 50 g's most casinos will write a check or wire it to your bank.

no one knows you have 50 g's on you.
I feel like there have been some stories in the past about people being followed from the casino because someone knew they had money on them...
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03-15-2019 , 01:33 AM
sure it happens if you are stupid and dont keep it secretly. dont cash out in front of people and head straight for the door like a zombie.
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03-15-2019 , 06:54 AM
Or instead of holding onto that old school idea of assuming a bunch of risk when making a big score, we can find other avenues to get our money and ourselves safely home / to the bank.
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03-15-2019 , 09:40 AM
I've paid out BBJs where the winner asked for all cash and I just cringe hoping not to see them on the news the next day. You just never know.
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03-15-2019 , 11:03 AM
Quote:
Originally Posted by Ray Zee
sure it happens if you are stupid and dont keep it secretly.
How do you keep it secretly? Cashing out >$50k from the poker room usually means one of three things:

- playing high stakes, probably 25/50+
- final tabling a big tournament
- winning a bad beat jackpot

None of those 3 things can really be kept secret to others in the poker room.
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03-15-2019 , 03:02 PM
no but you can be secret from the rest of the casino. and dont cash out right away when everyone is looking at you, and dont go straight for the door. that makes it very hard to follow you. and it isnt very prevalent that anyone gets robbed that is careful.

all those that i know that got robbed did foolish things so yes if you are not careful then dont carry money around.
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03-16-2019 , 01:41 AM
I guess you can always say you should have been more careful, but what's the hurt in taking advantage of the options available to you? Is it just a sense of pride that you can do it without getting mugged because 'that's how it's always been done'? I know you've probably been around poker and gambling longer than I've been alive. I don't mean to sound rude.
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03-16-2019 , 09:45 AM
its just easier. and if you are worried have it wired. but if playing in big cash games then how are you going to play the next day?
if its a tournament win then sure do it.
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03-17-2019 , 08:36 PM
It’s takes a long time for casinos like commerce to make a check because they are hoping you lose it back
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03-17-2019 , 10:00 PM
all the big players either change their chips to big ones and take them home, or if the casino offers boxes then they put the money in them. next option is casino safe keeping where you deposit money and can draw it out in cash or chips.

other wise they just cash out and go home and make sure they arent followed.
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03-18-2019 , 10:09 AM
Quote:
Originally Posted by Ray Zee
all the big players either change their chips to big ones and take them home, or if the casino offers boxes then they put the money in them.
That’s true for cash game players because they need the chips again anyway and thanks to RFID they are of very limited value for robbers/thiefs.

For big tournament players, the situation is different. They can’t use casino chips to pay backers, so that part has to go the cash/check/wire route anyway and they also have limited use for amounts of casino chips that exceed a couple tournament buy-ins.

Having that money in an instant access savings account at least limits your loss through inflation. Having 100k in a casino box that you don’t really need basically costs $2k/year.
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