Casino Credit?

[ACE]

In my past non-counting life I was a winning green chip player who traveled to Vegas 4-6 times a year. As such I had very small ($2500) credit lines established at a few casinos. It helped me get free rooms and meals whenever I was out.

Does it go without saying that I should never use credit for sessions I intend on counting? I know it does go without saying, I just wanted to hear from others who may have encountered the same thing. Typically I would stay mid-strip and play 6D for "fun" but also keep markers open or use profits to count at other smaller casinos nearby.

 

[Rob McGarvey]

I would dip into your credit in big way and let them know you are trustworthy, paying it off before you trip out, or by check shortly there after. It will also help you out when you send them that check that you send them a thank you card and address it to the credit manager, and possibly include a gift that they can share in the credit office. Tell them you had a fantastic time and can't wait to come back in to see them again. You will not be telling a lie now will you? ;>

 

[learning to count]

As per casino credit I have never used it, yet. From reliable sources to wit: Pro players. They say if you are proficient and and can win you need a bankroll. Put up ten thousand and see if they will give $50k. It will establish you for comps and the high life and could enable you to have sufficient capitol to make MONEY! I say if your ready DO IT! IMHO LTC

 

[phantom007]

Disagree somewhat.

I agree with using credit for cover, comps, etc. However, would strongly caution anyone using borrowed money to gamble. Certainly, if your "Gambling Fund" was $50,000., I have no problem with depositing $10,000. with the Cashier's cage, so as to get a 5:1 "Margin". Again, though, extreme caution with borrowing $ for this purpose.

 

[zengrifter]

Caution, yes...

...notwithstanding, casino-credit ia an excellent way by which a disciplined counter can increase his effective BR/profits/survival. zg

 

[ACE]

Re: Caution, yes...

I would never gamble money I could not pay back when I walked out. I have $10,000 in credit lines spread through 4 properties, though I will only use what I know I can pay back. I just use it to increase my comps, and also so I am not carrying large amounts of cash back and forth across the country.

 

[zengrifter]

Or the 'ZG VIRTUAL BR'...

...if you have $10k cash and qualify for 4 $5k credit lines (total $20k), use the cash to float your lines and support play at non-credit-line casinos - the resultant higher EV and/or increased survival is made possible by the business tool known as OPM* - what better irony than to use the casinos' money for your own BR? zg

*Other People's Money

 

[Rob McGarvey]

Re: Disagree somewhat.

Well said. I would never pull more than my bankroll would cover. You can play as if your roll is 50K when you only have 20K, but your actual vs virtual risk of ruin is much higher.

 

[zengrifter]

A recurring paradox...

... I often encounter is the former 'chump-gambler' with a casino-credit line becomes a decent counter with NO casino-credit... paradoxical IMO. zg