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-   -   Buying in and cashing out at a casino (http://archives1.twoplustwo.com/showthread.php?t=472967)

Nepthu 08-08-2007 11:58 PM

Buying in and cashing out at a casino
 
I have never played poker in a casino live before. I have only played online. Next Monday I plan to go and try it out. How do you buyin and cashout at a casino? I plan to play $2/$4 no limit holdem if it is offered. I would like to buyin for about $1000. But I would rather not be walking around with $1000 in cash in my wallet. Likewise when I cash my chips out I do not want to have $1000+ in my wallet in cash.

My guess for buying in is to use an atm at a casino. For cashing out I would expect them to give you cash, but you can ask for another form of payment that is safer to carry, or have them wire it to your bank or something?

Thanks.

AKQJ10 08-09-2007 12:58 AM

Re: Buying in and cashing out at a casino
 
See the FAQ here: http://forumserver.twoplustwo.com/po...Board=cardroom

which I think might cover this.

In general you can wire funds to a casino cage. I would imagine you can also send a check ahead of time if you give it time to clear, but I'm not sure if they'll honor checks right there on the spot.

Casino ATMs tend to be a bit expensive, but would be an option. You can always deposit your winnings in the casino (for free) until you come back, or I suppose get them to wire it back to your bank.

Soupy 08-09-2007 12:58 AM

Re: Buying in and cashing out at a casino
 
ATM's suck, the surcharge is crazy, why pay for your own money? $1000 is nothing in a casino, nobody will single you out and follow you from your table. be sensible and dont run around waving it in the air, walk to the cage, pocket it, leave

tacticaltal 08-09-2007 04:33 AM

Re: Buying in and cashing out at a casino
 
$1000 buy-in at this level is way too much. The average buy-in is about #200 here, though $300 may be more comfortable for me. In fact, at my casino, $500 is the max. A grand is nice to have, but I wouldn't offer it up, especially on my first B&M play. Good bets to you.

Nepthu 08-09-2007 08:38 PM

Re: Buying in and cashing out at a casino
 
I think $500 will be the maximum at the casino I plan to play at also. I will be staying there overnight with some family members. And I don't want to lose a buyin and than not have anything to do the rest of the evening. Online I can have a 4 buyin downswing in a few hours and I always buyin for the maximum 100 big blinds, so I thought I would bring a 2nd backup buyin [img]/images/graemlins/smile.gif[/img] Although it may not be a bad idea to play shortstacked on my first trip.

metsandfinsfan 08-09-2007 08:56 PM

Re: Buying in and cashing out at a casino
 
most casinos have 1/2 no limit with a 200 or 300 max and 2/5 no limit with a 500 or 1000 max

AKQJ10 08-10-2007 12:20 AM

Re: Buying in and cashing out at a casino
 
[ QUOTE ]
Although it may not be a bad idea to play shortstacked on my first trip.

[/ QUOTE ]

If you don't want to run significant risk of losing both your first and your "backup" buy-ins and having no poker to play, I would certainly short-stack to the point where you have 5-10 BIs.

Hopefully you're well aware that even flopped top sets can lose a stack, most likely when someone's flush comes in -- and yes, live SSNL does have people who will chase, which is a very good thing. You can go through 2 BIs quickly. I managed to go through the only two I was willing to lose on a getaway day in Tunica after getting all the money in on two flopped flushes. (One-card draw and a flopped overflush, respectively.)

sirtimo 08-10-2007 10:25 AM

Re: Buying in and cashing out at a casino
 
[ QUOTE ]
I think $500 will be the maximum at the casino I plan to play at also. I will be staying there overnight with some family members. And I don't want to lose a buyin and than not have anything to do the rest of the evening. Online I can have a 4 buyin downswing in a few hours and I always buyin for the maximum 100 big blinds, so I thought I would bring a 2nd backup buyin [img]/images/graemlins/smile.gif[/img] Although it may not be a bad idea to play shortstacked on my first trip.

[/ QUOTE ]

OP,
If you are staying there you can keep part of your roll in the room safe. Live play is alot slower than the interwebs so even if you downswing I doubt you could lose 4 BI in an evening. That being said, having$1000 in a casino won't even raise an eyebrow, regardless of how you might feel about carrying it, but it does take some getting used to. [img]/images/graemlins/cool.gif[/img]

aaokwitme 08-10-2007 01:21 PM

Re: Buying in and cashing out at a casino
 
TAXES

Nepthu 08-10-2007 11:40 PM

Re: Buying in and cashing out at a casino
 
[ QUOTE ]
TAXES

[/ QUOTE ]
can you expound on that?


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