Craps Forum

cashing out?

2010-02-11T17:10:57-08:00

Can anyone please confirm or deny these facts.

It is in relation to having to fill out documentation when cashing out. I’ve heard all kinds of different answers and im still unsure of what the truth is. It may vary from casino to casino or state to state. But here is what i have been told.

Any slot machine win or jackpot of $1200 or more requires tax forms to be filled out.

Also, I was told for table games, any bet that is won that pays 300 to 1 or more requires a tax form.

Also, any cash out of $10, 000 or more requires a CTR (cash transaction reciept) for to be filled out, but is not taxable.

So for example, i could win 9, 000 at the table games and cash in at the cashier and still not have to fill out any forms. Because the 9,000 was won over time and is not a jackpot.

But if i hit the six number fire, than i have to fill out tax forms on the winnings for that fire bet.

Any help would be awesome, i’ve been unsure of this answer for a long time, and would like to know the truth. Thanks

Lake Charles Casinos

2009-11-18T12:40:23-08:00

I just started playing craps about a year ago.I’ve played in Vegas and Lake Charles. My question is there a favored casino with good tables in that location?

How do you transport your cash?

2009-01-19T23:33:28-08:00

What do you do to make sure your cash stays secure? Do you keep all your cash in the same place or split it up on your person? Cash, Travelers checks, Cashiers checks, credit, or something else?

small bankroll betting

2009-10-10T05:33:08-08:00

my bankroll is only $100. I usually play on a $5 table. Where I play on the weekends all the tables are raised to $10. i like to play the inside but i’m afraid at a $10 table i would not last long with my bankroll. should i just play the 6-8? does anyone else have another suggestion?

Protecting your chips

2009-01-19T23:37:23-08:00

Hi all,

Make sure you keep a close eye on your chips while at the table. It is so easy to get distracted by cocktail waitresses, shooting, conversation, or whatever, but only takes thieves a second to steal some of your chips.