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Years ago I had an associate that ran an ad agency. Each January he would get a couple of huge checks as payment for the holiday TV advertising he produced and scheduled for clients. 90% of what he received he would have to pay out shortly (two weeks) thereafter to the media and production vendors. But…. During that two weeks he’d call up a top casino in Vegas and wire $300,000 ahead for chips. When he arrived everything was “comped” and he got free room and meals and great tickets to all the top shows and events. He would carefully withdraw chips, gamble in safe ways, and cash in chips each day of his stay – being careful to vary the amounts, but he would always have a particularly good day on the last day of his stay and would always come out just losing a grand or less. Not a good plan for someone with less discipline or a gambling addiction, but it worked for him and his wife for a number of years. (I suspect that he rotated casinos! And this was back some years ago when $300,000 was real money!)
You cannot "wire ahead for chips" or "withdraw chips." That does not happen. If you have a pre-approved credit line or you pre-deposit cash into their cage (and the IRS will flag you!!), then you may take out markers which you must sign for (each and every marker you take out) at the tables. There, the pit/table bosses and others very precisely monitor your action because every casino has a precise formula to determine "comps" given. That's their bread and butter and it's essential to their profitability. They have it down to a very sound accounting science. You cannot wire hundreds of thousands of dollars without the casino absolutely scrutinizing your play because they don't comp $1000 a day rooms and gourmet restaurant meals (which a $300,000 bankrolled player would qualify for) to phonies and fakers. Players with really big lines are a priority and are tracked oh so carefully. They are way too smart (I can speak from experience at Wynn and Bellagio specifically). Vegas did not build their billion dollar hotels/casinos by getting so easily fooled. "Gamble in safe ways" ?? That's a good one, haha! There is no "safe way" no matter the level of play. The casino has the edge in every single game, ranging from 2.3%- over 5%. "He would always have a particularly good day on the last day of his stay" That's an even bigger laugh! Simply not possible. Occasionally, yes. Always, no way. He's telling you a story. A good story, but a story nonetheless.
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