dock your account and
rip their pound of interest flesh from your economic
carcass as well.
A third, generally
unspoken, unpublicized benefit to getting casino
credit has to do with how you’re perceived
once you have, use and pay back a credit line. Although
I could get no casino executives to state for the
record that “credit players” are viewed
in a more favorable light than “money players,”
the fact is that they are. The casino assumes that
credit players are willing to lose the amount of
their credit line (which may or may not be true).
A simple “mind experiment” can prove this.
Two players enter a
game and both cash in for $1,000. Joe gives cash
and Joan takes out a $1,000 marker against her credit
line of $10,000. Both Joe and Joan now lose their
$1,000 in short order. Who would you bet on to go
for a second $1,000 -- Joe, the cash player, or
Joan with the $10,000 line? I pick Joan because
I know (or think I know) that she has $10,000 in
“play money” she’s willing to gamble.
I have no idea how much Joe has. For all I know,
that $1,000 was for his kid’s braces and he’s
in a powerful lot of trouble when his wife, Big
Gert, finds out that little Lulu is still going
to resemble Bugs Bunny when she hits junior high
next year.
Casinos also think
that “credit players” are more motivated
players. In fact, this is probably true. My experience
tells me that credit players tend to come to casinos
more frequently than other players. Casinos like
that. Interestingly enough, between four and ten
percent of table-game players have established credit
lines and anywhere from 15 to 30 percent of the
table game drop in Atlantic City, at least, comes
from these players. Casinos that attract big action
tend to have more “credit” players than
casinos that attract small to moderate action.
Even more interesting,
only about one to two percent of slot players have
established credit. Why so few? Because many slot
players don’t know that credit exists for them
as well. But it does. In the future you are going
to see a “big push” to get credit for
slot players from the casinos.
Casinos
Credit Line Benefits
Good
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