Las Vegas Payout Suppression.

shaunovery · 02-06-12, 05:58 PM

Not sure but in my betting shop in London I monitor my biggest customers and limit them accordingly

john230 · 02-06-12, 06:02 PM

Originally posted by willyback

How do the Las Vegas Sportbooks go about limiting sharp/wiseguy winnings?

If you are betting big they may ask for an id. I was in Vegas a while back wagering some large amounts and they asked to see my drivers license. I think they made a copy of it.

jjgold · 02-06-12, 06:12 PM

I thought if you bet over a certain amount you need some sort of player card so they can track you???

Grits n' Gravy · 02-06-12, 06:14 PM

Originally posted by john230

If you are betting big they may ask for an id. I was in Vegas a while back wagering some large amounts and they asked to see my drivers license. I think they made a copy of it.

All cash transactions that exceed 5k by itself or aggregated transactions during gaming day are logged and ID is asked for. When total cash transactions exceed 10k ID and SS# are required.

Asking for ID is part of gaming/IRS laws. Not necessarily because you are too strong of a player.

Majority of guys bounced from books are due to failure to provide valid ID, steam chasers or they are runners.

john230 · 02-06-12, 06:15 PM

Originally posted by jjgold

I thought if you bet over a certain amount you need some sort of player card so they can track you???

That might be the case now. When I said a while back I am talking about a decade ago. I do not remember them giving me a player card.

big0mar · 02-06-12, 06:26 PM

Originally posted by willyback

How do the Las Vegas Sportbooks go about limiting sharp/wiseguy winnings?

They don't suppress payouts. You win and you get paid.

They will flag you though and not take your action if you win too much.

wtf · 02-06-12, 06:52 PM

Originally posted by Grits n' Gravy

All cash transactions that exceed 5k by itself or aggregated transactions during gaming day are logged and ID is asked for. When total cash transactions exceed 10k ID and SS# are required.

Asking for ID is part of gaming/IRS laws. Not necessarily because you are too strong of a player.

Majority of guys bounced from books are due to failure to provide valid ID, steam chasers or they are runners.

ssn?
so only americans can bet in a usa casino?

Inkwell77 · 02-06-12, 07:03 PM

Originally posted by wtf

ssn?
so only americans can bet in a usa casino?

I think the rules are a bit different for non-americans. You have to fill out a different form I believe. Not the traditional W-9 if you don't have your ss card

dice · 02-06-12, 07:49 PM

If you win too much, "some" books (not the strong books) will limit your action. Everything is on video so they'll profile you with or without a player's card.

Grits n' Gravy · 02-07-12, 04:30 AM

Originally posted by wtf

ssn?
so only americans can bet in a usa casino?

Foreigners just have to provide a valid passport.