1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Join our $5,000 Cash Giveaway!

    Win Cash by Posting and Inviting New Members!
  3. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice
  4. Discussions in this section are assumed to be EV- as they are outside of the Advantage Play section. For EV+ discussions, please visit the Advantage Play sub-forum.
    Dismiss Notice

Casino The problem with Cage Accounts

Discussion in 'Casino Forum' started by redietz, Apr 4, 2020.

  1. redietz

    redietz Active Member

    Joined:
    May 2, 2016
    Likes:
    43
    Location:
    Tennessee
    The problem with cage accounts is that someone always knows your last transaction, and presumably once you retract some and are carrying it, that someone can tell anyone they choose. Unless you have cage accounts at every blessed casino you intend to visit, then, the cage accounts leave you vulnerable unless you're toting bodyguards. This kind of thing would never work at all for sports betting, for example, where by definition you have to visit many different casinos without absolutely knowing what you are going to be betting where. And even if you had cage accounts at every casino, the cage transactions would slow you down when time is of the essence. They would be impractical.

    Anytime a human being knows your transaction, you're always vulnerable to other human beings knowing that transaction. That means your privacy's been compromised, and you are vulnerable.
     
    Last edited by a moderator: Apr 8, 2020
  2. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    Not quite sure what your on about here. So how do you move your winnings from the casino,chip cash or cheque’s ? How do you drawdown on more cash at the table when needed? Ask your bodyguard? Do you carry $100000 in cash in case you need it ? Anyone can see you have that money walking around or those inconspicuous bodyguards with the big bulge.
    Use a gage account and withdraw wherever use a cheque, need more money at the table get the pit boss get the tablet access your account get chips at the table no one is going to rob you, unless you’re talking about a casinos that only have three tables. If you are than a person would be a fool to play there anyway.
    It takes ten minutes max to set up a lifetime account and many casino have affiliate program, what you mention about not enough time in your post seems like that’s applicable to so called APS as they scurry from the light .
    You could apply your logic to having an atm card or credit card, sounds like paranoias to me.
    Seems bigger casino is safer
    Have you even tried to have a cage account, do you even know what you are talking about ? As a security measure I’d use a cage account and if I need to withdraw a large sum say at 3:00 am I can , I can take a cheque or cash.
    When I go to the casino every weekday do you think I’m hauling bags of money there, play and drag bags of money home? That’s asking to be robbed, do you not think that other people don’t notice you there playing everyday? Oh hey everyone I’m leaving now with all this money come steal from me at the carpark. Duhh
    Cage account don’t leave home without one. When you have one you will work out the way to use it effectively don’t let one mans lack of understanding stop you from getting an account and getting professional about what you’re doing.
    Thanks
     
  3. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    My previous post was in reply to redietz last post this thread. Not sure why quote function didn’t work. Thanks
     
  4. redietz

    redietz Active Member

    Joined:
    May 2, 2016
    Likes:
    43
    Location:
    Tennessee
    I have no idea if you're referencing me, but my point was that with sports betting what you are talking about is worthless and creates more problems than it solves. Nothing you said in the post above has any relevance to me. And as far as sports betting goes, yes, sometimes five minutes, or 30 seconds for that matter, makes a significant difference, so you can't be playing "I'm a high roller with a cage account" even if you want to.

    I wasn't giving MDawg grief, and I wasn't defending Axelwolf. I was pointing out that what you describe for sports betting would be ridiculous. And I could understand how somebody would not want anybody at the cage to know pretty precisely how much money they were lugging around at any given time.

    I have thought about it, and I think I would trust the Wynn/Encore to have pristine control of employees. But that is about it.
     
    Last edited: Apr 5, 2020
  5. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    Oops my bad I have forgotten that most sports betting in states require running around to various different locations to get that best odds and yes I understand that traffic light cost you thousands. So apologies re the time management post .
    I was talking cage in reference to table games as I didn’t mention sports betting in my post, now that I know you don’t table bet no problem . Nothing personal but that makes your statements regarding cage account for other people misleading,people who play casino games.
    Here in Australia we sports bet using online accounts you can have many accounts with different odds from the comfort of your own home, now time wasting event to cost me 30 seconds unless I’ve spilt my coffee etc.
    I really don’t mean to come across as obtuse, I apologise.
    But are you saying that it’s that unsafe to conduct business in the states? That someone is going to steal from you in the casino ,your place of work? Man that’s stressful so my apologies, but I would consider a cage account even if I was sports betting, at the end of day I’m in no rush , divide my bankroll up put it in the cage keep a little float money on me, you know by food put some in bank account to pay mortgage etc. Then if I get robbed on way through casino I only lose some money and not my whole roll. Take care I mean that with utmost sincerity. Cheers
     
  6. redietz

    redietz Active Member

    Joined:
    May 2, 2016
    Likes:
    43
    Location:
    Tennessee
    Folks try to rob poker players all of the time. The most famous have had in-casino robbery attempts heading to their rooms and so on. If you're waiting on particular games or particular marks to play, I would think you've gotta have the money on you or you risk losing your seat.

    Back in the day, I did have a credit line one particular place because I couldn't run around and cash tickets on Sunday morning from Saturday's games. So if I was short cash, I'd tap the credit line. But Saturday and Sunday, when most sports betting occurs, time-wise it really bogs you down because LV is packed.

    The problem with using apps to bet is (1) not all sports books have them and (2) you'd have to have enormous amounts in each one if you're shooting for middles or even to cover all the potential bets if you don't. You never know in advance what percent of betting any given day will occur at one or another book, so you'd have to bankroll as if the majority of total betting for a day might occur in one book. Well, there are a dozen different books in LV. So to use apps and do proper betting, I need a much, much larger bankroll in action.

    The other aspect of this is that having a cage account adds to the number of people who know precisely how much cash you have access to and how much you play any given time. Yes, pit bosses know and can leak the info; dealers know and can leak the info; but why add cage workers to the list? So even if you don't have the big bulk of money on you and keep the majority "caged," the info of who you are and how much you play is in the hands of more people than necessary.

    I guess in Australia, with smaller casinos, more people would know that, anyway. Despite Las Vegas being fairly intimate, however, you can still fly under the radar.

    When the big-time "runners" worked Las Vegas for whale sports bettors, they always carried cash, usually a couple hundred K in big fanny pack style belts. Using cages was just impractical.
     
    Punkcity likes this.
  7. redietz

    redietz Active Member

    Joined:
    May 2, 2016
    Likes:
    43
    Location:
    Tennessee
    Oh yeah, other reason to not use apps. Sports books then have records of your plays and can data mine your preferences. In the states, players' card not necessary for all sports books, so you can keep plays private.

    Did not mean to be too rude. No harm in having cage account if you are in one casino playing table games. Probably not a great idea if you also play poker or bet sports or walk to other casinos to play.
     
    Punkcity likes this.

  8. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    64
    Occupation:
    Lawyer, Businessman
    Location:
    California
    I play only table games. I am a credit line player.

    What do you mean by a cage account? There is no way to "transfer" the chips at the table straight to your line? but yes, it is true that when you take the chips over to the cage to cash them, if the chips add up to high enough, they always try to get you to deposit them as front money that will be available to you for future play, on top of and in addition to your line.

    One way they try to bully you into depositing them is by threatening to temp close (for the duration of your stay) your line if you cash out too many chips. So I usually end up cashing a few thousand and carrying the larger chips, the $5000. and higher ones, until the end of the trip, when I convert them to a casino check or bank wire to take out my winnings without having to deal with a CTR.

    But in any case, at tables games there is no way to transfer your winning chips magically to your line - you must hand carry them to the cage.

    If someday this changes, due to coronavirus concerns about customers' handling of chips beyond the table, that will be something entirely new.
     
    Last edited: Apr 5, 2020
    Punkcity likes this.
  9. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    Cheers, perhaps different terminology is in play here.
    You refer to lines of credit, yes I understand that, that allows you to drawdown at the table when and if needed. That facility is available here but to heavy ( for lack of a better word apologies) gamblers or whales. I understand you don’t need to have actual funds in the account but have the casino verification that you’re able to repay the amount within a time frame, correct?
    Here, I’m referring to a cage account which is more or less a debt account, you cannot withdraw more than you have in your account, but you can always add to it. Funny you say casino there pressuring you to open account, here the opposite they almost complain if you want access your cage account at the cashier on main gaming floor. Usually it’s because most of the tellers don’t know a) what a cage account is
    b) have difficulty trying to process the steps of the transaction.
    I help the new ones through if I use main gaming floor cashiers, or I will wait in another line if I know that teller knows me and my requirements. Failing that I will go up to high limit room and either use the teller at that cashier as they are more trained in the procedures or simply go to a baccarat table call the pit boss they get the iPad out , I enter my account details and pin they enter how many chips I give them , it’s updated into my account , I can wait for a printed receipt and have a green tea with lime delivered to me at the table as I wait. I might add this table facility is not available on downstairs main gaming floor tables in the general area but is available at the high limit section downstairs. The high limit section on main game floor is open to any show pony that wants to squeeze and be flamboyant for the general masses. guess the casino is catering to a certain breed of cash haaaaaahaaaa
    To answer another question at the moment we only have one casino in Sydney the other one will open in couple years time, generally only one casino per city in this country. We have many clubs which are mini casinos but they only have slots and electronic rng games. That is where I would not go with any cash amount as those places seem to be inline with what redietz describe as low security high risk of robbery from all and any staff member.
    Another feature available here is our player card can be directly linked to a cash account which allows you to direct deposit an amount into any electronic gaming machine at casino, enter card enter pin , enter amount and that amount is transfer to screen. Play that amount make a profit decide that’s enough pull your card and it automatically gets deposited into your account. Or you can press cash out button and get a Tito take to a electronic kiosk situated through out the casino and get cash, go to any electronic machine and put physical cash amount that you start play with to redeposit into your card account.
    I use that facility when playing stadium baccarat, simple and efficient . I use my cage account when on the table simple and efficient, although I rarely play table anymore as it’s very time consuming.
    At the moment you can’t transfer money from players card account to my cage account, or vice verser, no big problem I just take cash from card , get chips, then deposit into cage account. As I rarely play table games now I would probably downsize my cage account in favour of the card account.
    Hopefully the above is informative, cheers
     
  10. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    I would like to add I did enjoy table play( high limit upstairs) but I like to play as mdawg plays , prefer to be on my own vs the dealer .I can dictate the tempo of the game ie how long in actual time I want to be at the table.
    (If the table starts to fill up general if it’s a good crowd I’ll play along but if their bonehead I’ll leave for another empty table.) Usually that means be there midnight to 3am midweek or very early 9am to midday any day of the week. After that the show pony arrives etc . I used to play that way to earn all the free stuff or comps , and I guess to massage my ego,now not so much interested in that anymore. Now I publicly fly under the radar as far as the general gamblers know, but the casino still comps me as they do track my activities via card system,but that’s another game as we all know. Cheers
     
  11. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    Oops my bad and my apologies I believe the above posts are hijacking the original thread . My apologies. This was not my intention, as it does not read into the wizard thread at all :( sozzs
     
  12. Punkcity

    Punkcity Active Member

    Joined:
    Mar 31, 2020
    Likes:
    71
    Location:
    Sydney Australia
    Cheers to administration for moving these posts to new thread. I think it would have been bad form to continue in the Wizard thread. Thanks
     

Share This Page