Suppose you win a large sum of money at a casino counting cards. When you cash in your chips, do you get back cash or does the casino issue a check? If they issue a check, is there a risk of them stopping payment on the check before you are able to cash it because they review the tapes and determine you were counting?
Thank you for any input.
There is little risk in taking a check from a casino that is financially stable. If they stop payment for the check they still owe you the money and you would have little trouble collecting. I've gotten checks from casinos written when there was no question that they knew I was counting. I never had any problem with them. I seldom do it as I'm usually playing under an alias.
any check over, i believe $10,000(used to be 2k a while ago) is traced by the government. In other words, if you dont want to claim winnings on your income taxes(i dont have any so i dont need to worry lmao) you may want to be weary of accepting a check, unless of course, that you have verifiable records with regard to your losses(say you always use a players cards...which gee counters dont).
also keep in mind that the govt tracks deposits in an amount I believe its anything over $3,000, but don't quote me on that, so if you win large amounts dont deposit it all at once. Especially since the govt can trace the bills by the serial number back to vegas, and the government is very intense on following money trails in light of this war on terrorism.
However, the alternative is taking the risk of getting rolled in the street or having an airport inspector search your bags find a large sum of money and call the FBI cause "no one" carries all that moeny...LMAO
My personal advise, if you are a BIG winner, then the casino will want to please you..so what? ASK FOR AN ELECTRONIC DEPOSIT OF WINNINGS DIRECTLY INTO YOUR BANK ACCOUNT. ask them to pay the nominal fee (ranging from $15 to $50)
This way you dont have to worry about losing the check, getting robbed of your hard earned money, and the bonus???? you get at least 7 additional days more interest on your money....so what? well if you are looking for every advantage.. a free direct deposit given 5% APR interest rates increases your payoff by .1%(one tenth)
call me crazy.prob am ...but i think i've blastered the board enough...l8r
MT handed's response was full of so much misinformation that I'll bet he worked for the Gestapo's propaganda department in WW2.
Yeah, 30 million people a year go to Vegas, 100,000+ arriving on the same day when they are busy. They all have their pockets stuffed full of $100 bills, which are quickly circulated into the Vegas economy. I take a couple of these Franklins out of Vegas with me, and they are going to trace them back as coming from Vegas by the serial numbers?
LMAO.
Interesting that they can trace those serial numbers back to the very casino that paid you. So to get around that prospect, he recommends AN ELECTRONIC DEPOSIT FROM THE CASINO'S ACCOUNT TO YOURS.
Good thinkin'. They'll never catch you that way.
if you win big they can trace the cash cause you will get presorted bundles.
hey if you don't believe i don't really care
Is the c-note, with the above serial number, one I got from Vegas?
Here is a hint: the D in the serial number indicates it came from the Federal Reserve Bank in Cleveland Ohio. The closest Federal Reserve district to Vegas is San Francisco.
If I deposit this bill in the bank with a bunch of others, do you think the bank will record the serial number and attempt to "trace" it?
Do you believe in black helicopters over the Luxor also?
if you have many Franklin in sequential order they can be traced, right now ONE bill is not worth the feds effort....so to answer you question you can trace a large amount of sequential bills...yes yes yes yes yes......its called "follow the money trail" Though I doubt that you all know how lending institutions work....who cares...you think differently than I do and prob neither of us will ever have to worry about the Feds tracing our winnngs(cause i always lose) So I bend my knees to you ok, buddy?
The "bundles" (straps) of cash that are given to large winners are strapped by casino cage workers...from cash received from patrons. Rarely would a casino ever give out straps of cash that was just received from the bank, they don't have to..you have any clue how much cash comes in just from the slot machine bill acceptors? They are GIVING cash to the banks, not the other way around. And by the way, that black helicopter over the Luxor was, in reality, Howard Hughes flying back in from Bermuda----you didn't really think he died, did ya?
