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Lifestyle :: Travel :: Kimo's Vegas :: Comps, Getting What You Deserve - Part 2

Comps, Getting What You Deserve - Part 2

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HELP ME WITH RATINGS

Last month we covered what you need to do to get a comp and how the casinos compute how much in comps you deserve.

Most people never get comp'ed beyond the free drink while you're playing level because they don't use a player's card and they don't ask for a comp. I know it's against our culture to ask for something but I can only show you how it works and assure you that it does work and many, many, many players are enjoying the benefits of comps.

Establishing a line of credit... is the best way to become a rated player (and rated players get more comp's). However when I suggest this to people they all say "oh no... I don't play that much" or "that's only for high rollers". The truth of the matter is that you can establish a line of credit in the casino for as little as $500.

There are many reasons for getting a Line Of Credit (LOC) but the best reasons are; you don't have to carry cash, you don't have to use an ATM (and pay the associated fees) and if lightning strikes and you hit a big jackpot you'll have some proof for the IRS that you have tax deductible losses.

Casino Credit is very much like the overdraft protection on your checking account.

  

Call your favorite casino and ask for "Casino Credit" or the "Main Cage" then ask them for an application. These forms are also available on the casinos web site as well.

From here the process can vary from casino to casino but essentially the casino will check with your bank to see what your checking accounts average daily balance high and low is for the last six months (some casinos may run a credit check).

When you get to the hotel visit the main cage, they'll pull your application and they'll ask you what kind of limit were you thinking of. If you ask for something less than your lowest Average Daily Balance (ADB) you'll get it on the spot.

Remember this is not free money but an interest free loan. What ever you spend you'll have to pay back.

Let's say you play $250 a day and you're staying at the hotel for 4 days. Asking for a LOC of $1,000 is equal to what you were planning to play. So you should feel comfortable paying that back (if you lost it all) after you get home.

Slot players access their LOC at the main cage. Just hand them your players card and your ID and they'll ask you how much money you want.

Table players access their LOC at the tables in the same manner. Hand the dealer your player card, ID and say "marker for $250".

In both instances the casino will have you sign a marker. This is essentially a check in the amount of the money you asked for.

If you don't payback your marker the casino will either deposit it in your checking account (in 15 to 30 days whatever time frame you requested when you set up your account) or they'll bill you.

Players usually settle their markers when they leave the table or at the main cage (if you're ahead). You just go to the cage or ask the dealer if you can buy back your marker.

Next month we'll talk about how a casino host can help you get the comps you deserve. [End]

For the latest Vegas news and more Kimo's Vegas visit us at www.KimosVegas.com.


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