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

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?

Cold/Choppy Table

2011-08-17T07:01:53-08:00

I used to love betting the donts and it was easy for me to change from the right side to the wrong side when I thought a table turned cold (I typically judge this by 3-4 shooters crapping out in a row). I have recently been playing only the right side and have become a bit fearful of the dont side (no idea why). Anyway, the point of my question is this:

Do you think it is better (more effective), for purposes of protecting your bankroll when a table goes cold for a while to
A. Switch to the dont’s with a bet size that is similar to your right side bets or
B. Switch from playing the pass line and some numbers to a small come bet followed by maybe 1 more come bet.

I have been using B and it luckilly has been working but I am not sure if it is just dumb luck or if there is any logic to back it up.

Thanks

Question about $3 tables?

2011-12-13T07:48:10-08:00

I’ve been told there are still $3 tables in LV. As the wife is brand new to the game she wants to start on the lowest min table we can find. Personally, I have never played at a $3 table, prefer 5s if I can find them and sometimes have to go to 10-15. So…I am a place bettor, what denominations of bets do you place on a $3? I assume the payoffs are still 9/5, 7/5, 7/6? Those don’t work out too well in $3 increments (save the 6/8). Am I missing something here?

How much should you increase your bankroll by before calling it quits?

2011-03-02T22:29:39-08:00

Ive made the mistake of getting too greedy in a casino before, I had quadrupled the original bankroll I came in with and blew it all through a few bad hands of black jack. I learned from that to set a win limit so I don’t endlessly chase a streak of luck that has no limits but until it runs out.

My goal is $50 since Im working with a bankroll of $100 but Im willing to walk with as little as $20 ahead if it means I come out a winner. I set a $50 loss limit. I know it sounds boring, but the last 4x Ive been gambling at the casino between the craps table and baccarat, Ive doubled my bankroll + $15. I know doesn’t sound anything thrilling as if it had been a $500 bankroll, but I play for fun rather than to make money, also so I do not walk out of the casino a big loser that I have to make up through wages earned at my job.

The DOn’t Pass line has been kind to me the last couple of times Ive played it.

Casino Credit—- Pros/Cons??

2011-10-11T13:23:56-08:00

Recently I’ve been slightly paranoid about carrying large amounts of cash to the casino, especially if I’m flying to somewhere like Vegas. So, seems like obtaining casino credit and signing a marker would be a better than carrying. The only bad thing about it is—that I can only gamble at the casino I have credit at (or can I play at a sister casino?). If I do apply for credit I plan on getting it at the casino where I play the most.

How many of you guys use markers?

What are the pros and cons?

Any advice would be appreciated.

Small bankroll question regarding pressing.

2011-01-17T15:55:09-08:00

I am pretty new to the game of craps and have done all my learning on systems on my own, either from watching other players or running simulators or even being bored enough to roll dice thousands of times sitting in my living room. The question I have is regarding how I should be pressing my bets. When I head to the casino to play I usually bring 600 bucks and try to play 3 sessions at 200 a piece. The table I play most often is a $3 minimum. I usually play $5 on the pass line and for the odds I follow the 3x on 4 and 10, 4x on 5 and 9, and 5x on 6 and 8. I also place the 6 and 8 for $6. Now when the 6 or 8 hits I press both up at the same time until I reach $24. Should I be pressing both when one hits or just one at a time. Also when i reach the $24 dollar bet, i take them both back down to $6 is that right or should I be leaving them up longer? Any insight would be great. Also the table I play at is 10x odds. Should i be taking full odds that are offered or for my bankroll am i doing alright. I average at the tables about $150 to $200 profit using this. I am open to suggestions to try and make some more money.
Thanks,
Adam

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?

Whats an ideally sized bankroll?

2011-02-23T19:33:11-08:00

I limit myself to a $100 bankroll with a personal $50 loss limit. Some people would say this is too small, but Im a flat $5 DP line bettor, no odds (Sometimes I also play don’t come). I like this bet, the house edge makes it feel like a safe bet and I love getting past that comeout roll since most of the time it happens, and then the odds go in my favor.

Unfortunately, due to finances, at almost 26 I still live with my Mom who finances my food, dental and healthcare and always uses this against me if I ever consider bringing a larger bankroll. (I pay for rent, utilities, transportation and car insurance)

One of the 5 local casinos to where I live (St. Louis) that I last played at was a $5-$2500 table. I reckon, ideally, if you wanted to do martingale you would bring $4970 and better hope u never lose 10 rounds in a row.

Perhaps I will never get to the ideal bankroll until I can be independent of my mom financing basic necessities for me, but until then, for a $5-$2500 table, what would be ideal?

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.