EasyRhino
Well-Known Member
I'm just wondering how everyone manages the logistics of managing and deploying their wad. Especially for those who are dealing with large bankrolls.
I have my micro-bankroll ($1500 at the moment) completely segregated from my bank accounts that I use for regular spending. I felt this was very important, so I don't accidentally gamble my grocery money (or buy groceries with my gambling money!). I have it an e-savings account with Citibank. This has a few advantages:
1) There are branches on the way to and fro the casinos local to me
2) There are no transaction limitations on cash transactions
3) It earns 5% interest. And at my bet spread, that may be more than I earn by counting
So, usually, if I'm heading out on a weekend, I'll drop by a branch in the morning make a withdrawal, and then whenever I'm done for the period, I'll just stop by the branch and make an after-hours deposit at the ATM.
The only real logistical hassle I have is if the branch is closed, and I make a withdrawal from an ATM. Walking into a casino with even a few hundred dollars in twenties can be a pain.
If I do find myself at a casino unprepared, my "real" checking account does reimburse me for ATM fees, so I can eat the $3 fee from a casino cash machine no problem. However, in order to keep the accounting straight, I need to transfer money bank and forth to keep things kosher.
Course, I have a ton of bank accounts anyway, that I don't really have a problem managing.
For other folks, I'm just wondering:
1) Do you ever just stuff the money in a mattress?
2) How do you manage the logistics of large amounts of cash?
3) Do you ever set up casino credit lines?
4) For really large bankrolls, do you invest any of it, and if so, what proportion, and in what?
I have my micro-bankroll ($1500 at the moment) completely segregated from my bank accounts that I use for regular spending. I felt this was very important, so I don't accidentally gamble my grocery money (or buy groceries with my gambling money!). I have it an e-savings account with Citibank. This has a few advantages:
1) There are branches on the way to and fro the casinos local to me
2) There are no transaction limitations on cash transactions
3) It earns 5% interest. And at my bet spread, that may be more than I earn by counting
So, usually, if I'm heading out on a weekend, I'll drop by a branch in the morning make a withdrawal, and then whenever I'm done for the period, I'll just stop by the branch and make an after-hours deposit at the ATM.
The only real logistical hassle I have is if the branch is closed, and I make a withdrawal from an ATM. Walking into a casino with even a few hundred dollars in twenties can be a pain.
If I do find myself at a casino unprepared, my "real" checking account does reimburse me for ATM fees, so I can eat the $3 fee from a casino cash machine no problem. However, in order to keep the accounting straight, I need to transfer money bank and forth to keep things kosher.
Course, I have a ton of bank accounts anyway, that I don't really have a problem managing.
For other folks, I'm just wondering:
1) Do you ever just stuff the money in a mattress?
2) How do you manage the logistics of large amounts of cash?
3) Do you ever set up casino credit lines?
4) For really large bankrolls, do you invest any of it, and if so, what proportion, and in what?