| This
is not to suggest that a player shouldn't try to
get credit at a casino. We think it's advisable
in many situations, especcially if the player is
going to do some serious gambling, but this credit
line must be used as carefully as possible. It must
be used for the player's, not the casino's advantage.
Since we are not a gaming commissioner, players
can use alcohol when gambling, and this a deadly
combination.
When you have credit, don't misuse it. Don't gamble
when drunk and don't sign anything in a casino when
drunk.The wisdom of this advice is obvious, but
easy to forget or ignore when a player is at a craps
table with six drinks under his belt and losing
big money.
So if you have credit, We repeat and can't repeat
enough, don't drink. If you gamble, don't drink.
The best thing to do if you feel that you're losing
control is to get away from the table as fast as
possible and sleep it off. Keeping in mind some
of the dangers of credit, we'll discuss how a player
can obtain credit and use it to best advantage.
Most casinos are happy to give credit because it
makes their wheels of fortune spin more smoothly,
and the more credit, the merrier the bottom line
of their profits. This is not to say that the casino
will give credit to anyone who asks for it, or that
anyone eligible for credit can simply walk in off
the street and get it at once. But there is a correct
way to obtain credit and most people can get casino
credit if they apply for it in much the same way
they would apply to a bank for a personal loan.
No bank is going to allow you to walk in and get
a loan without having a credit application filled
out and your credit rating verified. The same is
true with a casino. In many ways a casino is like
a bank. Much of its business is a credit business,
and it has to be very sure of its customers. Like
a bank, a casino charges for its loans, but unlike
a bank, which charges a fixed interest fee that
is added to the loan when paid off, the casino's
interest is in a hidden form. It comes from the
casino's edge or advantage in the games and is expressed
in gambler's terms as "vigorish" or "vig."
At both bank and casino a credit application will
have to be filled out and credit references checked
fully before money Or credit is issued. When borrowing
at a bank, the applicant will have to state the
purpose of the loan, and the purpose has to be a
valid one as far as the bank is concerned-to buy
a new car, improve a house, or pay for medical expenses.
The money is thus used for a tangible purpose. |
