Recently a
young adult of 18 years of age had won to the tune of $20k+ and she then wanted
to cash-out of course. Well she had cashed out several times previous to this
one but always for small amounts: thus never attracting the casino's attention.
This time she was not so lucky. But she could have been if she'd only been smart
about cashing out.
Whenever a
casino sees a cash-out request for any amount exceeding $10,000 they know the
amount will trigger an automatic audit from the US authorities because it is SOP
to check any money coming in that's over $10k for possible laundering. The
casinos operate under the assumption that as long as they are not allowing
underage gambling, that the US authorities will leave them alone,
therefore they are very diligent in preventing underage gambling to happen but
in most parts of the world the legal age is 18, so that is what their age
minimum is set.
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Luck is a short-lived marriage of
prepared meets opportunity. |
But on this
occasion since the law in Nevada strictly states you must be 21 years of age to
gamble the casino realized it had a problem. So what they ended up doing was
refunding all the money the player had deposited into the account from the start
of play but the player still ended up losing out on the larger
amount they had won.
If you'd prefer to have an
easy, utterly forgettable experience cashing out then it is much wiser
to cash out a big win in smaller denominations over an extended period of
time. That doesn't mean you have to cash out terribly small numbers. What
will avoid scrutiny from both authorities and casino management is to keep
your cash-ins under the amount of $10,000 per day.
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Update !!!
As unlikely
as I thought possible, debit
cards are working to deposit (I
used Visa,
this in April '08)
for depositing into
Blackjack Ballroom
$500 + 1 hr to gamble bonus:
keep any profit up to $200. Also
get 40% bonus added to 1st
deposit. |
Had the 18 yr old in Nevada
followed that advice it is likely she would have been able to collect all
her winnings and keep on playing. Steve Briggs:
BondedCasinos.com
