Casino Credit

[Davidvictorson]

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.

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.

[rhomelmabini]

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.

[Oshosondy]

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.

[o48o]

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.

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.

[nasipadang]

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.

[madnessteat]

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.

[bitbollo]

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...

[swogerino]

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.

[aioc]

This is one way to entice people to gamble because you are using money that you are not yet holding its similar to a casino loan shark, where they will loan you amount so you can continue playingg in exchange for promissory notes or collateral the difference is this casino credit is casino owned and its legal, its a way for them to sustain urge to play, because they know gamblers love to chase their losses with money that they don't own, its risky and you will be in big trouble financially.

[Baofeng]

I just heard this, but obviously, I'm not a whale so I haven't experienced it. But maybe for high rollers, this is a way for the casino to really put pressure on them to play and like take advance money to pay. And we all know that casino has the edge, so it's double whammy for gambler if they lose all of it and then they have to put funds on their checking account to pay the casinos. Of course, I do agree that it is the gamblers responsibility, but then again, when this whales have deep pockets, sooner or later they are going to fall for this trick and become more addicted.

[davis196]

This sounds like an idea, that has nothing to do with the concept of responsible gambling.
Getting addicted to gambling and getting into bigger debts are basically connected. The online casinos, which implement such casino credit feature are simply incentivizing their gamblers to fall into bigger debts(and bigger addiction). All regulated casinos must be incentivized(or forced) by the authorities to reduce gambling addiction, not the opposite.
I wonder what kind of bank would allow it's customer to connect his checking account to a casino. Maybe such banks exist in the countries with a more liberal approach towards gambling. It depends of the gambling regulations in the different countries. Some countries are more strict about such practices than others.

[nakamura12]

I heard about this but I am not interested in using it. As you can see in your quote where that kind of solution if I would say is that it is for high rollers. I'd prefer using crypto like btc for example where you will know how much btc left you have instead of seeing casino credit where you may have to check the casino again about the credit value. Casinos can create their own token, coin or in this case casino credit where it's value depends entirely to the casino. Not long ago where I check this gambling site where you can deposit and withdraw crypto but once you check your balance, it won't be crypto but their own credits, chips or whatever you call it.

[roslinpl]

The casino credit was the new concept to the casino. So most of the players will not experience this. The way to experience this, gamblers should use the casino which give casino credit. Only the new website will do such things for now. So it’s essential to do kyc to such websites to use of such websites. You also need to check the background of the website. Some casino credit giving casino are not trusted. Many casino only provide the bonus based on the registration and first deposit. Most of the Casino gives the 100% of the first deposit money. So use the bonus to add some funds instead of waiting for casino credits.

[ufaiz50]

Maybe just another idea from the gambling site or new feature they are introducing, not actually bad but I think I would like to see a pre loaded or a card that you can load with cryptocurrency and use it in the gambling site, wouldn't that be great as not they are only introducing cryptocurrency to people but they can actually use it in physical casino. I am not sure, does some real  casino use crypto to buy token or something that is related to cryptocurrency. Wouldn't that be interesting?

[robelneo]

The best advice in gambling has always been Only play what you can afford to lose and only play within your means
you just put yourself out of this sound advice, you're playing with money that you are not holding but the money that you will pay later and since this has no limit you will always tempt to chase your losses because we have a credit line to turn to.
I'm not going to use something like this it temp you to exceed your limit, those who avail this should know their limit and strictly adhere to their limit.

[goaldigger]

If this works like a futures in trading, then probably this is more risky and can be more addicting.
I didn't see any site to offer this so far but if they are going to introduce this, for sure there are rules to qualify and maybe not all gamblers can have the chance to at least gain a credit from the casino. Casino credit should explain very well to every gamblers because they might be thinking for an easy money here without realizing the consequences of accepting such credit, I wont take the risk of availing this kind of program.

[janggernaut]

Stay away from that. It will cause you loosing more and more until you can't repay it. Just use your money which you deposited while you gamble. But since it's still unpopular with many gamblers, i'm sure people won't attracted with this, as the requirement should be high (you need to provide anything, even could be your KYC first).

The casino credit was the new concept to the casino. So most of the players will not experience this. The way to experience this, gamblers should use the casino which give casino credit. Only the new website will do such things for now. So it’s essential to do kyc to such websites to use of such websites. You also need to check the background of the website. Some casino credit giving casino are not trusted. Many casino only provide the bonus based on the registration and first deposit. Most of the Casino gives the 100% of the first deposit money. So use the bonus to add some funds instead of waiting for casino credits.

By the way, how about your BBcode teaching lesson?

[gunhell16]

For me, I will not enter that casino credit, first of all, even though there are no fees to be taken, once you start playing there, I am pretty sure that anyone who tries there will end up in debt.

Make fun of the person who owes you the large amount of money that you are obliged to gamble with what you owe, and that is the purpose of that is to sink you into debt at that casino. Then we know that it's hard to beat the house edge or get a big win in the casino, it's like going through the eye of a needle before you get a big win in the casino.

[Jating]

It's just the question on how you are going to play it because obviously it's negative already for the gamblers.

So it's better not to used it at all, unless you are whales that can pay it. But if you used your logical thinking, doesn't make sense for us, and it's not worth it. The money that you allotted for gambling should be enough though. No need to over extend and used casino credit because if you are unlucky that night, for sure even if you have more money in your pocket, you will still continue that losing streak.

[Bananington]

Do you have any experience with Casino credit or what is your opinion on it?

There are some kind of things that you should not be encouraged to even start, and using casino credit can be called one of them. Casino credit? Not advisable for anyone. It is the same as been offered an access to loan to fund an addiction that the only thing limiting you is money that you don't have. It is not good you even start it because you are at the danger of being used to borrowing casino credit anytime you feel like gambling and don't have the money to use. Getting used to using casino credit will put an extra hole in your purse.