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THE TRUE COST OF AN ATM

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Don’t like the cut your bank takes when you use the ATM at home? Try using one at a casino! Not only are the odds at a casino stacked against you, but so are the ATM fees. In addition to the standard bank charges for using the ATM, the casino hits you with a stiff fee at the terminal. How can you avoid both fees? Simple: Bring a set amount of cash and spend only what you bring.

Keep this fact in mind as you sign a marker for that next baccarat game: Chips — and now markers — serve as tools to distance you psychologically from the reality that you’re spending your hard-earned money. And when you don’t have to reach into your wallet when you’re losing, continuing to play is a whole lot easier. If you aren’t going to stick to cash while gambling, then be sure you’re constantly aware of where you stand with the house and never lose sight of the fact that payback will occur before the end of your casino stay.

At the end of your visit, the casino expects you to write a check to cover the cost of any losses you incurred during your visit. If you refuse to pay, the casino has the right to post the outstanding markers with your bank for collection from your account.

You use markers only after you’ve established a line of credit with the casino. And a line of credit is good only at the casino where you applied. In other words, you can’t borrow money at the club across the street unless the same company owns both casinos.

Casino Gambling For Dummies

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