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    All Forums | Las Vegas

    Cash Management in Las Vegas

    hudsoncfc
    mafioso
    Bart_
    skinmypig
    666LES
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    hudsoncfc
    hudsoncfc
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    Posted: Jun. 12, 2015 - 3:25 PM ET #1

    I am going to Vegas this fall for a major sportsbook assault.  I am anticipating wagering between 5 and 10K per day.  My analysis of the best way to handle large amounts of cash. includes fronting the money to the Casino and drawing, Safety Deposit boxes, Chip conversion etc.  I will not be staying at the casinos most of the time so I am assuiming that the Safety Deposit boxes won.t be free of charge.

    Can anyone offer me any advice based on personal experiences.

    I would appreciate it.

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    To remove first post, remove entire topic.

    I am going to Vegas this fall for a major sportsbook assault.  I am anticipating wagering between 5 and 10K per day.  My analysis of the best way to handle large amounts of cash. includes fronting the money to the Casino and drawing, Safety Deposit boxes, Chip conversion etc.  I will not be staying at the casinos most of the time so I am assuiming that the Safety Deposit boxes won.t be free of charge.

    Can anyone offer me any advice based on personal experiences.

    I would appreciate it.

     
    mafioso
    mafioso
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    Posted: Jun. 12, 2015 - 7:38 PM ET #2

    open an account at wells fargo or us bank for 200 dollars and get a safety deposit box
    do not tell them you will have money in it.
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    open an account at wells fargo or us bank for 200 dollars and get a safety deposit box
    do not tell them you will have money in it.
     
    Bart_
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    Posted: Jun. 15, 2015 - 9:34 AM ET #3

    Are you going to be playing 1-2 games at 5k each? Or 5-10 plays at 1k each?

    Look into the sports book apps from casinos. You will have to deposit money with the casino first, but you won't have to carry the cash with you. I am not sure what the limits are though.
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    Are you going to be playing 1-2 games at 5k each? Or 5-10 plays at 1k each?

    Look into the sports book apps from casinos. You will have to deposit money with the casino first, but you won't have to carry the cash with you. I am not sure what the limits are though.
     
    skinmypig
    skinmypig
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    Posted: Jun. 16, 2015 - 12:49 PM ET #4

    Nickel or dimes are limits usually maybe more depending on the sport but you can have multiple accounts with different books so thats a safe practical way to go
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    Nickel or dimes are limits usually maybe more depending on the sport but you can have multiple accounts with different books so thats a safe practical way to go
     
    666LES
    666LES
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    Posted: Jun. 16, 2015 - 2:57 PM ET #5

    Unless you are going to limit yourself to 1-2 books ,you're going to be carrying cash around anyway.When you are walking on LasVegas Blvd you are the safest place in LasVegas,no muggers/hookers. My money is always safe when I'm holding it and if you "lose" your ID (happens and happened) you doen't want to know the hassle to get your money. Do you want to juggle money in 5 different books with 5 different lines when you have a steam play going at 10am??
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    Unless you are going to limit yourself to 1-2 books ,you're going to be carrying cash around anyway.When you are walking on LasVegas Blvd you are the safest place in LasVegas,no muggers/hookers. My money is always safe when I'm holding it and if you "lose" your ID (happens and happened) you doen't want to know the hassle to get your money. Do you want to juggle money in 5 different books with 5 different lines when you have a steam play going at 10am??
     
    hudsoncfc
    hudsoncfc
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    Posted: Jun. 17, 2015 - 12:58 AM ET #6

    Thanks for your input.  Do the Apps from the casinos allow you to wager even if your phone is registered out of state?

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    Thanks for your input.  Do the Apps from the casinos allow you to wager even if your phone is registered out of state?

     
    hudsoncfc
    hudsoncfc
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    Posted: Jun. 17, 2015 - 12:59 AM ET #7

    I am actually looking at 15 or 20 wagers at $500 per
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    I am actually looking at 15 or 20 wagers at $500 per
     
    LVOptiontrader
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    Posted: Jun. 17, 2015 - 3:12 AM ET #8

    It doesn't matter where you bought your phone. It searches by geographic location. As long as you are in NV, you are golden. 
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    It doesn't matter where you bought your phone. It searches by geographic location. As long as you are in NV, you are golden. 
     
    LVOptiontrader
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    Posted: Jun. 17, 2015 - 3:13 AM ET #9

    You can call a casino host and they will help you deposit money. Then you would go to cashier when you need a withdrawal. 
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    You can call a casino host and they will help you deposit money. Then you would go to cashier when you need a withdrawal. 
     
    HoldingXYZ
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    Posted: Jun. 19, 2015 - 1:56 AM ET #10

    Split up your bets if you're sharp... If you are joe public then they don't care.. 
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    Split up your bets if you're sharp... If you are joe public then they don't care.. 
     
    666LES
    666LES
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    Posted: Jun. 22, 2015 - 2:30 PM ET #11

    hudson-What is the advantage of 15 $500 bets? On the same team??
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    hudson-What is the advantage of 15 $500 bets? On the same team??
     
    mbialowas
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    Posted: Jun. 22, 2015 - 3:20 PM ET #12

    Quote Originally Posted by HoldingXYZ:

    Split up your bets if you're sharp... If you are joe public then they don't care.. 

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    Quote Originally Posted by HoldingXYZ:

    Split up your bets if you're sharp... If you are joe public then they don't care.. 

     
    Bling
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    Posted: Jun. 22, 2015 - 9:58 PM ET #13

    Quote Originally Posted by 666LES:

    hudson-What is the advantage of 15 $500 bets? On the same team??
    Nothing.  Split that $7500 into 3 bets.
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    Quote Originally Posted by 666LES:

    hudson-What is the advantage of 15 $500 bets? On the same team??
    Nothing.  Split that $7500 into 3 bets.
     
    hudsoncfc
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    Posted: Jun. 23, 2015 - 5:46 PM ET #14

    Bling

    I am testing a system that I have been perfecting for many moons.

    It is going to be a consistent revenue stream not a swing for the fences operation.  I am looking at 12% ROI over the long haul.

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    Bling

    I am testing a system that I have been perfecting for many moons.

    It is going to be a consistent revenue stream not a swing for the fences operation.  I am looking at 12% ROI over the long haul.

     
     
    666LES
    666LES
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    Posted: Jun. 24, 2015 - 3:29 PM ET #15

    15-20 bets all over the board for $500 each? Use chips or make sure you don't bet a total over $9999. to avoid the filing of money-laundering form.(CTracking) You might split your sessions by 15-20 minutes if you are betting over 10K as the book is instructed to report anyone they suspect is acting to avoid the reporting of this regulation. On the other hand ,use chips as this elimaniates all the hassle. The meaning of this is the book must report anytime a sum of 10k or higher is played and the name,ss#,and amount must be recorded. This is not for bet tracking or income tax but to track money laundering and you would have the same situation if you were to pay for a car with 10k cash from a dealer.
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    15-20 bets all over the board for $500 each? Use chips or make sure you don't bet a total over $9999. to avoid the filing of money-laundering form.(CTracking) You might split your sessions by 15-20 minutes if you are betting over 10K as the book is instructed to report anyone they suspect is acting to avoid the reporting of this regulation. On the other hand ,use chips as this elimaniates all the hassle. The meaning of this is the book must report anytime a sum of 10k or higher is played and the name,ss#,and amount must be recorded. This is not for bet tracking or income tax but to track money laundering and you would have the same situation if you were to pay for a car with 10k cash from a dealer.
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