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Topic: At the casino the other night, "Excuse me--want to make some easy money"??  (Read 128 times)

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Offline alrelax

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Yep, I was at the casino the other night and a regular player at the baccarat tables, whom I thought has done fairly well over the past year or so (not keeping exact track of course) approached me and asked if i wanted to make a few thousand easy dollars with him.  I said how?  And his reply was the following.

Since he was in business and I am in business, he wanted to partner up with me, so that he could turn in a bunch of invoices during the next few weeks to his factor company.  For those of you that have no idea what a factoring company is, it is a company that takes your account receivables and gives you almost instant payment, within 1 to 3 days most times and then takes a certain percentage when they collect the invoices from your client.  I used to use a factor in my previous business with all my bank and insurance company clients since my invoicing was large I had a great deal of 'out of pocket' expenses and did not care to wait 30 to 90 days for them to pay me.  The factor company will set the percentage they take for their fees, based upon the size of the invoice, your client and other sliding scale parameters, etc. 

So this baccarat player that owns his own company was going to write my company a bunch invoices and then factor those out.  Get paid and use that cash for his new bankroll, etc.  Which evidently he was hurting in the bankroll department.   Then he was going to win, pay me the amount I had to pay the factor company for the non existent work that he did for me and of course, he would also give me a certain percentage of all his winnings.

I laughed and declined.  The thinking people do in order to recoup their lost monies they gave to the casinos never ceases to amaze me. 

All i see is the guy losing, the factor company learning the truth and criminal charges coming about.  It is totally insane what people think they can do and get away with. 

Maybe some people play the way they do, based upon where they get their bankroll from???  I know I value mine and value it huge!  Like back east in NYC, numerous Asian baccarat players at the larger restaurants commonly pool their money together and appoint one or two players to go gamble each week.  The guy buying in with $10,000 or $20,000 will certainly treat his pooled bank roll definitely than I treat my hard earned money, etc. 


Offline wannawin

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Maybe some people play the way they do, based upon where they get their bankroll from???  I know I value mine and value it huge!  Like back east in NYC, numerous Asian baccarat players at the larger restaurants commonly pool their money together and appoint one or two players to go gamble each week.  The guy buying in with $10,000 or $20,000 will certainly treat his pooled bank roll definitely than I treat my hard earned money, etc.

this concept could be used for the benefit of players to really play with a bigger progression.

individual members would play each with their small progression with fear . if they join to give all the money to a new member who do not put anything so he is only placing chips on the table it does not matter to him if he wins or loses . it is the closest thing to a human betting bot >:D
say things directly to show respect for other people's time. Walter.

Offline alrelax

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Many have been doing this for a long long time.  In the northeast (NY/NJ) I would estimate 1 out of 3 or possible higher during the 1980's and 1990's were doing exactly this.  So many were pooling their funds together.  However, I only observed a few of the appointed players really doing well, greed surpassed the individual playing his own bank roll/buy in IMO.  But, those are by no means accurate statistics. 

There were many reasons for player appointments, the time and trouble to travel a few hours each way from NYC to the casinos, so many participants were illegal in their immigration status, etc. 

I seen it the other week here in the Midwest.  One of the female players was wagering excessively and consistently.  Lost all her continued buy-ins within 1.5 shoes.  Close to $20,000.00 if not more, easily.  She said in her native S.E. Asian language right after she lost her last buy-in, 'boy they are all going to be pissed' as she gathered up her purse and belongings at the table.  I know what she meant and she was an appointed player.