Topic: Casino Credit - page 2. (Read 157 times)
This is something that can be somewhat useful for the whales who keep going and playing regularly to the casino and even for them I am not sure if it is a good idea.Personally I love playing online casino,depositing the crypto,doing my session in slot machines which I play or enjoy sometime by betting on some sport events,I am no fan of table games although I love Texas Holdem Poker but I am no fan because I have not that much patience as needed to succeed in that kind of game.
It seems that no interest rate is indicated for this kind of credit.
If it is provided at no cost, it has its usefulness especially for those who play large volumes.
Keep in mind that sometimes behind the "high rolls" (especially on sports bets) there may be more bettors and not a single one. (This happens in my country very often even if it is illegal because they use platform not base in Italy).
This could be a way to optimize cash flows and be able to use this money in other economic activities...
If it is provided at no cost, it has its usefulness especially for those who play large volumes.
Keep in mind that sometimes behind the "high rolls" (especially on sports bets) there may be more bettors and not a single one. (This happens in my country very often even if it is illegal because they use platform not base in Italy).
This could be a way to optimize cash flows and be able to use this money in other economic activities...
I am not a supporter of credit and in my opinion lending is acceptable only for training, which can further increase a person's income or mortgage loans, which is the only way for young families to get their own homes.
In my opinion, a line of credit in a casino is something that goes against my principle that I adhere to in gambling, which is limiting my bankroll. A credit line in a casino is something that will allow a gambler to lose more money than he originally planned to lose. That is why I am against such initiatives.
In my opinion, a line of credit in a casino is something that goes against my principle that I adhere to in gambling, which is limiting my bankroll. A credit line in a casino is something that will allow a gambler to lose more money than he originally planned to lose. That is why I am against such initiatives.
I haven't used it either. The casinos sites let it look like it is a convenience for the gamblers to use casino credit but in reality it would benefit them because many people will definitely become addicted to it especially they can easily have a credit in the casino.
While I am a big fan of casinos I would never buy the idea of casino credit. The risks in my experience far outweigh the rewards especially for those who may have the disposition to become gambling addicts. Besides, I see no reason why anyone who already knows that in the end, the house always wins will go ahead to get casino credit for a game.
Do you have any experience with Casino credit or what is your opinion on it?
Not my style, as quote said it's for high rollers yes, but also for people with seemingly steady income and a high credit score. But same ethical problem applies to credit cards, as those can be used by people with problems handling their finances and risks as well. And they are often being used to get even more debt.Do you have any experience with Casino credit or what is your opinion on it?
So i don't see casino credits any different. They could be used responsible way and it's not like they have infinite credit but connected to your personal credit score. And i don't think that people in danger of losing everything would get them very easily.
Aside too convenient to use, it would also comes with high amount in fee which is why I can not use it even if I have enough money for gambling.
I have not used it before, I have only prefer to just fund my account with crypto and very easy for me to do.
I have not used it before, I have only prefer to just fund my account with crypto and very easy for me to do.
Well as it was on the description it's meant for the high rollers. I have no experience in this after all but I guess you need to always be aware of your limit if you're using your checking account. There's pros and cons in here but I think for those who don't want hassle pros outweighs the cons.
Quote
Casino credit is a simple way to secure funds from your checking account to allow for easy access at the table games and slot machines. This credit can be used to request chips at the tables or funds at the slot machines.
Casino credit is provided via a marker, or counter-check against the credit line that will be repaid with funds from a checking account, generally in 15 to 45 days; in effect, the patron is writing a post-dated check in order to use the casino’s money. No fees or penalties are associated with the debt.
Casino credit is primarily for high rollers—those who bet big, lose big, and, like the abovementioned whale, pay off big for the host casino, even when they get a markdown. But it’s also for those who’d rather play against a line of credit than carry cash, or who exceed the daily ATM limits imposed by their banks.
Casino credit is provided via a marker, or counter-check against the credit line that will be repaid with funds from a checking account, generally in 15 to 45 days; in effect, the patron is writing a post-dated check in order to use the casino’s money. No fees or penalties are associated with the debt.
Casino credit is primarily for high rollers—those who bet big, lose big, and, like the abovementioned whale, pay off big for the host casino, even when they get a markdown. But it’s also for those who’d rather play against a line of credit than carry cash, or who exceed the daily ATM limits imposed by their banks.
While I am a big fan of casinos I would never buy the idea of casino credit. The risks in my experience far outweigh the rewards especially for those who may have the disposition to become gambling addicts. Besides, I see no reason why anyone who already knows that in the end, the house always wins will go ahead to get casino credit for a game.
Do you have any experience with Casino credit or what is your opinion on it?
Source:
https://www.hardrockhotelatlanticcity.com/casino/casino-credit#:~:text=Casino%20credit%20is%20a%20simple,funds%20at%20the%20slot%20machines.
https://ggbmagazine.com/article/casino-credit-calculating-the-risk/#:~:text=Casino%20credit%20is%20provided%20via,are%20associated%20with%20the%20debt.
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