IDENTITY said:
The cage isn't watching you, it's just standard procedure, everyone and I mean everyone covers there own butts in a casino operation. Chuck and AC are also correct. The 500.00 and above chips where I work are also micro chipped for added security and to prevent counterfitting.
Ever wonder why you are always asked to "color up" when you leave a table, it's no accident. It's accoutability.
It has nothing to do with amount won. It is chip denomination. When the pit offers to color up, or exchange all of the small denominations for a few chips, you normally get into the nickle and up chips. What the cage does is source you. They either get a call from the pit, or ask you where were you playing. Before there were chips in chips it was very important to stop the fakes. Also, I knew of an instance where a high roller was seduced by a scammer broad, went up to his room and he got a hand job with his mickey. He wakes up, and his stack of dime chips are gone with the scammer. She got caught, using a friend, in this manner. I used to carry 20-50 dimes in a piggy back fishing tackle container, they fit perfect and I kept different denominations in different compartments. Nicks were my minimum, but had mostly dimes and an occasional 5 dimer. When I got to the cage, they always sourced me, and would call the sportsbook. Yes, that is FROG, he is OK. I would hold the chips for weeks sometimes. Much better than carrying a huge wad, but became obsolete during casino wars when nobody accepted each other's chips. It is the same reason they count all chips before shift change, and why dealers do the hand roll. They do not except shrinkage, nor high denomination chips without source. CYA. Was a nick and above in my casino days. You could have an entire rack of 100's, no call. Did that happen to someone you saw ID?
Best Wishes...OF:howdy:
Best Wishes...OF:howdy:
One buck? Unreal, that is as tight as I have ever heard. I guess each place has their own guidelines or procedures. But on the flip side, you could start an entire thread on war stories of people cheating, fake cash, chips, capping, raking and other scams. Can't be too cautious.
Best Wishes...OF:howdy:
Best Wishes...OF:howdy:
A friend of mine was a pit boss at a downtown casino. He told me they did it there over $300 to keep track of people that were looking for ratings. They would buy in mulitiple times and rat hole chips as the action got hot. The pit boss keeps track of the money taken in, and when someone colors out they get their second "cashout figure". If someone is pocketing the chips they dont know the true won/loss. When the person cashes at the cage they can get a better idea of how the player really faired.
When I was in college, he explained this to me so I could get rated high and get some perks. I would play craps. Buy in for $100, hit a couple numbers and pocket the greens ($25). When I ran out of chips on the table, pull out another $100. At the end of a session I would have bought in for say $600. The pit bosses knew I had some chips in my pocket, but wouldnt really care until I cash out. I would go to the window and cash $250. No call since it wasnt 300. I would do this thoughout the day until I cashed all my chips.
One week they had me losing $12,000. I actually won somewhere around $500. Free rooms, free limo, free food.
This was around 15 years ago, so I am sure it has changed. It sure was good for a college kid though.
When I was in college, he explained this to me so I could get rated high and get some perks. I would play craps. Buy in for $100, hit a couple numbers and pocket the greens ($25). When I ran out of chips on the table, pull out another $100. At the end of a session I would have bought in for say $600. The pit bosses knew I had some chips in my pocket, but wouldnt really care until I cash out. I would go to the window and cash $250. No call since it wasnt 300. I would do this thoughout the day until I cashed all my chips.
One week they had me losing $12,000. I actually won somewhere around $500. Free rooms, free limo, free food.
This was around 15 years ago, so I am sure it has changed. It sure was good for a college kid though.
AC said:
I'm not refering to the 300/1 tax(I forget the name, exice tax?? mabey). What they check for in certain spots with a phone call is the Reg 6A reporting requirement. Wager $10,001 in a 24 hr period with cash and they MUST fill out forms. Any transaction over $10,000 must be reported. Buy a car with over $10,000 cash, deposit $10,001 in a bank, pay for a funeral over $10,000 in cash, etc. it has to be reported. Some casino patrons willingly have their names & SSI on file and don't care. Others patrons might require a phone call to the pit and yes the casino cage will call the sportsbook in these situations if you cash a sports ticket at the casino cage.....Scotty
scott said:
I have personally walked out of strip casino's with more than 10 K cash in winnings on numerous occasions and not given any info.
If you play table games you do not have to give your social security number or any other info. If you want to be rated, then you have to give your social.
If you play table games and cash in chips they have to give you the cash. Ask any floor supervisor, cage manager, or casino exec.
AC
