{"id":119949,"date":"2019-08-20T09:23:21","date_gmt":"2019-08-20T16:23:21","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=119949"},"modified":"2019-08-20T09:23:21","modified_gmt":"2019-08-20T16:23:21","slug":"take-care-of-your-money","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/take-care-of-your-money\/","title":{"rendered":"Take Care of Your Money"},"content":{"rendered":"

As I told you last week, I was recently reading Colin Jones\u2019 new book, <\/span>The 21<\/span><\/i>st<\/span><\/i> Century Card Counter<\/span><\/i><\/a>, preparing to interview him for the <\/span>GWAE<\/span><\/i> podcast. Although Colin is addressing his comments towards blackjack players, a lot of the general information is useful to video poker players as well. Today\u2019s column was inspired by his <\/span>Chapter 7: Traveling as a Card Counter.<\/span><\/i><\/p>\n

The first thing I want to address is how much money you should take with you to a casino. If you have access to markers (casino speak for IOUs) at the casino, then you take as little as possible. If you collect money at the start of your play and turn it in at the end, there is less chance for it to be stolen from you between here and there.<\/span><\/p>\n

But markers are a major difference between video poker players and card players. If you play big enough to use markers, in video poker you\u2019re going to be getting W2Gs that require you to show ID. Therefore, showing ID at the cage is something video poker players have to put up with in order to do business. Many times, blackjack players do not play rated — meaning they do not give their identity to the casino. These people <\/span>are not willing<\/span><\/i> to show ID at the cage, so that precludes getting markers. For some reason casinos do not respond well to a request such as, \u201cI\u2019m not going to tell you who I am, but I want to borrow $20,000 in cash for a few days.\u201d<\/span><\/p>\n

So, let\u2019s assume for the current discussion that we are not talking about markers. You\u2019re going to be playing a game where, even if things go really badly, there\u2019s a 99% chance that you will lose less than $5,000 today. (You can get such numbers from the <\/span>Video Poker for Winners<\/span><\/i> software, or another good product is Dunbar\u2019s <\/span>Risk Analyzer for Video Poker.<\/span><\/i>)\u00a0<\/span><\/p>\n

If that\u2019s your only play today, it\u2019s unnecessarily risky to start the day with $10,000 in your pocket. Nothing good can happen from having that extra money on you, and we all can think of plenty of bad things. One time in a hundred you\u2019re going to run out of money with \u201conly\u201d $5,000. (That\u2019s basically what having a 99% chance of it not happening means.) Unfortunate, but a cheap enough price to pay for the unpredictable, but real, chance that you could lose that money to either carelessness or malfeasance on the part of others.<\/span><\/p>\n

Another point on this subject that Jones drives home is to be aware of your surroundings. If you get paid for a big jackpot, it can be noticed by others who want to separate you from your winnings. For this reason, if I hit a jackpot of $8,000 or higher, I ask if I can be paid \u201cin private,\u201d which can mean different things in different casinos. Having a slot attendant loudly counting out, \u201cOne hundred, two hundred, three hundred . . . \u201cin front of anybody in the vicinity creates some risk.<\/span><\/p>\n

In the era of cell phones, it\u2019s very possible for somebody to text, \u201cA 40-something guy in a green shirt with brown pants is carrying a lot of money. I\u2019ll let you know when he\u2019s heading towards the parking lot.\u201d (That would not be me. It\u2019s been decades since someone identified me as being 40-something, and it\u2019s extremely rare that I wear brown pants.) So, your attacker may well be someone who wasn\u2019t present when you were paid, but who found out from somebody else.<\/span><\/p>\n

After a big winning session, I frequently stroll through the casino, zigging and zagging, too see if anybody is following me. Many times, I\u2019ve approached a security guard and said, \u201cI would like an escort to my car, and if you bring along another guard, I have tip money for both of you.\u201d<\/span><\/p>\n

If there is a parking garage elevator and there\u2019s another guy waiting there who I don\u2019t know, I\u2019ll frequently \u201cremember\u201d something to do just as the elevator comes and let him go up alone. If there\u2019s a large group in the elevator, I feel safer. If you\u2019re healthy enough, walking the stairs in a parking garage is safer than taking the elevator, plus it\u2019s rare enough that you can easily see if somebody is following you.<\/span><\/p>\n

If you are mugged in an elevator, be sure to report it to security. Many casinos have cameras in the elevators and that can go a long way towards verifying your story and possibly apprehending the culprit.<\/span><\/p>\n

There were certainly more things in this chapter that are worth remembering, but these were the items that tickled my \u201cI haven\u2019t written about that recently\u201d button. Thank you, Colin.<\/span><\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

As I told you last week, I was recently reading Colin Jones\u2019 new book, The 21st Century Card Counter, preparing to interview him for the GWAE podcast. Although Colin is addressing his comments towards blackjack players, a lot of the general information is useful to video poker players as well. Today\u2019s column was inspired by […]<\/p>\n","protected":false},"author":2,"featured_media":6498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[29,2,3],"tags":[428,56,196],"yoast_head":"\nTake Care of Your Money<\/title>\n<meta name=\"description\" content=\"The first thing I want to address is how much money you should take with you to a casino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/take-care-of-your-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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