markers

[Victoria]

We had a discussion about players cards and the fear of them. I use one in the casino I frequent most often. I also have a credit line there so they have a world of information about me.
If I am winning a good amount and ratholing some of the wins and letting my loosing sessions appear worse than they are, is not asking for markers when you do not need them helpful in covering your success from the pit?
I know I think it is but wondering about other opinions out there?
Thanks

 

[phantom007]

In theory, your "floating markers" makes lots of sense. Borrow $ that you do not really need, so as make it look to the casino that you are losing more.

However, I have read many times that casinos are much more paranoid about their marker $ than they are even about losing to a player, which in their mind, and usually rightly so, is only temporary.

The main reason, I believe, is that gambling debts, including markers, are not legally enforcable debts. Therefore, the worst that a casino can do if you do not pay back the marker, is bar your play, AND BLACKLIST you among ALL properties as a bad credit risk. However, NOT SURPRISINGLY to me, the default rate on markers is minimal....I can always buy a cheap used car if my new one gets repossessed...but to not be able to gamble!?

If you are playing serious BJ, then you do not wish to be excessively noticed...taking markers is going to add extra scrutiny to your play.

phantom007.

 

[SammyBoy]

Not Sure About That

I thought others had said that defaulting on a marker is like writing a bad check in some states? You will be prosecuted from what I understand. They don't treaat it as a loan, they actually treat it as if you cashed a check with them. I could be wrong, but I know I read this on one of the BJ boards.

 

[phantom007]

ONLY if you write them a HOT CHECK...

....I TOO, may be wrong, and am open to Education.

Certainly, if you cash a HOT check in the Casino Cage, then the collection agent will be the local Prosecuting Atty.

However, this post was about "Markers", i.e., "Casino Loans", and again I believe, these are NOT Legally enforcable debts.

IMHO

phantom007.

 

[SammyBoy]

Re: ONLY if you write them a HOT CHECK...

Phantom,

I have absolutely no experience with markers, but I'm about 99.9% sure that when you take out a marker in Las Vegas or the State of Nevada, it is not truly a loan. It is more like an advance, in that you sign a document saying that you actually have the money to cover the marker in your checking account. I know that I read this on BJ21.com. If I am wrong, I apologize, maybe someone else can tell us for certain.

 

[Abraham de Moivre]

For Certain.

I thought you were talking about some where else.

In Nevada, the marker you sign is just like signing a check.
If you go bad on your marker, it is just like writing a bad check in the eyes of the law.
The casino will simply turn the matter over to the District Atty.
The State will prosecute, just like if you had written a bad check.
In order to get a marker, you have to give them your financial and personal information, so it won't be too hard for them to find you.