Quote:
Originally Posted by doublejoker
Most machines stop at $3000 tickets or less. If there are machines that go higher, the thief could try your ticket until one accepts it and play on a total freeroll.
Most machines stop at 3000? Come on Allen. If someone steals your 9000 dollar ticket he won't take it to nickel slots to play wheel of fortune. The medium to high stakes machines take far higher then 3000 dollar vouchers. Also If the thief does what you suggest to cash and not play the voucher and is walking around the casino sticking your voucher in half the dispensers in the casino you very possibly have a way to identify him. Any way the thief utilizes the vouchers, play or cash, you have recourse to identify him . Also you keep the vouchers in the 5000 and up range because Many of the Dispensers in the casino to cash out do stop at 3000. So keeping vouchers at 5000 and over forces a visit to a cage. However the actually vouchers can go to over 50k at most major properties. You can just cash them at the cage and a random with no history absolutely can not.
Thakid asked why not just front money and that's a great idea
if the player doesn't fear IRS implicationsThakid is right front money has many benefits. The most important front money benefit if you use front money is you are now considered a credit acct so people can't just change your personal info on your account at the casino club card desk. You have to go to cage, it adds an extra layer of protection to your players acct.
however one negative to front money. Is let's be candid, many guys want to avoid going over 10k in cash too often for IRS issues That is one reason I assume many cash players avoid front money. If I had 30k and wanted to avoid front money I would simply do something like
8500 x 3 vouchers
2250 x 2 vouchers
So I have 4500 available in wallet that I can quickly pull out of a machine without dealing with cage. Also have 25k, in wallet on three little vouchers if not staying at rio, or in my room safe.