I will be worried about losing it back. With $5,000 bet you have just won 3 more bets than you lost to end up with a win of $15,000. Since you don't count cards the casino will get you in the long run.
Can someone give me some advise
- Thread starter Carmine782
- Start date
I will be worried about losing it back. With $5,000 bet you have just won 3 more bets than you lost to end up with a win of $15,000. Since you don't count cards the casino will get you in the long run.
Carmine782
Well-Known Member
I only made the table max bet once, about maybe 5-6 hands into one of my final shoes. I was advergeing about $300 a hand all the other times. What worried me was that the pit boss after i won that bet immedately got on the phone. Also, i got over $10,000 so the when i went to cash out the Cage asked me for my SSN.
ihate17
Well-Known Member
Ctr
Carmine
At your level of play, that casino has probably evaluated your play by now and if they know what they are doing they will give you incentives to return because frankly, you have just been lucky. So they want you back in order to get their money back.
Now why do you see the pit on the phone: I think I mentioned this before but when you have put $10,000 into the game or have a win of that amount, it requires a cash transaction report mandated by the IRS. The casino has to do this and when your chips pile up they will be alerting the person responsible for this. Furthermore, many casinos are now asking for ID at lower levels because of what IRS calls structuring. In other words; cashing in a total of more than $10,000 in a day by the use of multiple cashouts.
Two things will always happen when you bet as big as you are betting.
1. The casino will carefully evaluate your method of play
2. The amount of cash you bring into the game and the amount you take from the game will be recorded.
Disclaimer:
Now everything I have said about you not having to worry about being backed off depends upon the person/persons in charge. In a casino which can handle your bet size and has people able to evaluate play, you will not have to worry about a backoff. In a casino that sweats every cent or a casino that can not afford your wins, you might be backed off but not because of your card watching but because of their shallow pockets, fear or their inability to do their job.
ihate17
Carmine
At your level of play, that casino has probably evaluated your play by now and if they know what they are doing they will give you incentives to return because frankly, you have just been lucky. So they want you back in order to get their money back.
Now why do you see the pit on the phone: I think I mentioned this before but when you have put $10,000 into the game or have a win of that amount, it requires a cash transaction report mandated by the IRS. The casino has to do this and when your chips pile up they will be alerting the person responsible for this. Furthermore, many casinos are now asking for ID at lower levels because of what IRS calls structuring. In other words; cashing in a total of more than $10,000 in a day by the use of multiple cashouts.
Two things will always happen when you bet as big as you are betting.
1. The casino will carefully evaluate your method of play
2. The amount of cash you bring into the game and the amount you take from the game will be recorded.
Disclaimer:
Now everything I have said about you not having to worry about being backed off depends upon the person/persons in charge. In a casino which can handle your bet size and has people able to evaluate play, you will not have to worry about a backoff. In a casino that sweats every cent or a casino that can not afford your wins, you might be backed off but not because of your card watching but because of their shallow pockets, fear or their inability to do their job.
ihate17
sagefr0g
Well-Known Member
lol, wow i'm glad to hear that since i knew from one of your posts that you were off to the casino again. what a relief to hear you did well as i was just thinking about how i told you i thought it was possible you were playing at a small advantage but didn't really know and how everyone else was telling you that you were not playing with an advantage and you were even saying so your self.
well thinking about it i realized that you are in all likelyhood not playing at an advantage. reason being mainly that i could not imagine that playing at such a high minimum table that you would be spreading and ramping your bets high enough to realize an advantage. much less did it seem likely that you were wonging out on bad counts.
but now i dunno if you are making a max bet of $5,000 that does represent the possibility of a large spread indeed. so i'll just leave it at i don't know if you are playing at an advantage or not. lol
but one thing for sure is i'd have to say it's not a good idea to be betting such large amounts of money if you are only card watching. well i wouldn't even suggest that kind of action if you were card counting. with that kind of max bet i don't think you should even think about an advantage if you don't have $700,000.00 that your willing to lose.
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Carmine782
Well-Known Member
Yeah , I was thinking the same thing, thats definaly a bet i wont make again. I was just having fun and i fugured what the heck lets give it a shot.