Anyone know if this rumor is true or not?

brokerny · March 07, 2017, 05:07:47 PM

I heard from somewhere that if you win over 10k in that year at any particular casino, they have an eye on you. Are there any variations of that? Is there any difference if a regular player wins 10k+ versus a high roller winning 10k+. Anyone else knows what tax consequences happens if someone starts winning that kind of amount?

alrelax · March 07, 2017, 06:51:28 PM

Does not matter to the casino one bit. Taxes will not be an issue unless you receive a W-2 for machine wins and then it will be 100%.

Even if you are CTR'd doesn't mean anything. Period.

brokerny · March 07, 2017, 08:16:21 PM

hey al, so it doesn't matter one bit, but is it true about the 10k limit?

alrelax · March 08, 2017, 09:20:07 AM

No it is not. The casino really doesn't care one bit at all. It is better for them if you do win as the highest majority of players will eventually give it back and repeatedly up their wagers and attempt the kill on the casinos repeatedly. Some hold their winnings, few do in the long run though.

My daughter was heavily involved in 'Rules and Compliance' with South Florida's Seminole Indian Tribe (owner of worldwide Hard Rock) and are huge into high limit bac and other games, commonly up to $25k a hand, etc. I have other family members for decades in casino management, from hosts, to management in admin's, in Atlantic City and Vegas. I will tell you there is no player tracking or watching if you are not suspected of criminal cheating, collusions with dealers or giving false ID when CTR'd, etc. The only tracking really is hosts/hosting for comp and player benefits.

Casinos do not go on a retaliatory unless there are signs and proof of cheating and collusion of some type.

brokerny · March 08, 2017, 09:51:32 PM

Great information, thanks. I hope its all true cuz I plan on taking millions from casino over my lifetime in baccarat.

ADulay · March 09, 2017, 09:03:17 AM

Quote from: brokerny on March 07, 2017, 05:07:47 PM
I heard from somewhere that if you win over 10k in that year at any particular casino, they have an eye on you.

Not true.

AD

Grubb · March 09, 2017, 10:11:40 PM

I do not think so!

Albalaha · March 09, 2017, 10:52:23 PM

It all depends upon the size of the casino, its regular earning and how much a single player is affecting casino.
If it is a random win of 10k or even 100k, casino is not bothered about a player but if it is a routine and the amount matters for the casino, they can keep an eye or even do nasty things to get one removed from the casino forever. It has started to happen with me in a casino when I had nearly 20 withdrawals in a couple of days. Small casinos get bothered sooner.

brokerny · March 10, 2017, 03:21:22 PM

I would just say lose on purpose a couple of times here and there. maybe like a couple of hundred just to show that you are human and not a baccarat robot.

Gizmotron · March 10, 2017, 07:41:33 PM

Quote from: brokerny on March 07, 2017, 05:07:47 PM
I heard from somewhere that if you win over 10k in that year at any particular casino, they have an eye on you. Are there any variations of that? Is there any difference if a regular player wins 10k+ versus a high roller winning 10k+. Anyone else knows what tax consequences happens if someone starts winning that kind of amount?

Everything about your play is analyzed by casino management. You are in the computer to figure out your comps. The pit boss is on any win streak you are having. It's like a Geiger Counter zooming in on you like you let the worst gasses anomaly. It happens every time. They have to be accountable for seeing the casino have a losing streak. So... we are watching them too.

brokerny · March 10, 2017, 08:09:09 PM

Gizmo, what do you think they do or feel about a gambler who uses a system(different score sheet) and wins on a regular basis, but maybe like 300-1000 at a time? are there eyes on him like an eagle?

AsymBacGuy · March 10, 2017, 08:12:39 PM

At US casinos nobody is going to ban you playing baccarat as long as you don't arise any suspicion of cheating.

However, I'm sure at least two bac players were banned from two distinct european casinos after some unbelievable winning streaks lasting more than one year.

as.

brokerny · March 10, 2017, 08:20:36 PM

Regardless where they gambled at, Im sure they had big winning days, which probably put an even bigger target on their backs.

AsymBacGuy · March 10, 2017, 08:36:00 PM

Quote from: brokerny on March 10, 2017, 08:20:36 PM
Regardless where they gambled at, Im sure they had big winning days, which probably put an even bigger target on their backs.

Yep. In Europe there are no many high stakes players and generally betting limits are well lower than US rooms.
Both those players wagered the maximum limit or close to the maximum limit being at the eyes of personnel "too much" right for too much time.
Moreover the number of bac tables every casino offers is very low, mostly there's just one table per casino, so the risk to get some heat is higher.
It's interesting to notice that european casinos utilize 6-deck shoes burning very few cards....

as.

21 Aces · March 10, 2017, 09:21:59 PM

Just stop. I won't speak for shady houses, but if you are at any sort of reputable house what alrelax and others have stated is the truth.

UNLESS YOU ARE CHEATING OR ENGAGING IS SOME SORT OF ADVANTAGED PLAY, YOU HAVE NOTHING TO BE CONCERNED ABOUT.

I imagine once you get into very high stakes then the dynamic changes. For example, if one of the world's most wealthiest wanted to buck and play ridiculous size a house will have limits.