If you’re a person who is uncomfortable carrying around large sums of cash, it’s hard to blame you for feeling that way. Yet, when you’re at a brick-and-mortar casino, cash is undeniably king.
One way to afford yourself some security by avoiding toting cash and still allowing yourself to hit the gaming tables is with a casino marker. A casino marker is essentially a kind of “monopoly money” that is based on your real-world credit score and financial assets.
If you’ve ever applied for a loan, you’ll be familiar with how casino markers work. However, it’s of massive importance to understand what you’re getting yourself into.
Casino Markers and How They Are Granted to Players
Getting a casino marker is similar to applying for an auto loan or a mortgage. You will fill out a credit application and the casino, acting as the “bank,” will evaluate your fitness based on your credit history and current financial assets.
While the casino will decide on an upward limit for how much credit it will extend to you, you don’t necessarily have to borrow all of that money. You can choose to take out a marker for less than the maximum.
Once you have your marker, what casino markers can be useful for can vary from one casino to the next. For the most part, though, you can use them to play any of the games the casino offers as long as your marker meets the game’s minimum.
That isn’t the only thing that you’ll generally find true of casino markers. While a casino marker can alleviate the worry of transporting cash, that doesn’t mean there is nothing to think about with it.
Important Considerations With Casino Markers
The most important thing to remember with casino markers is that it’s not free money. If you don’t pay the amount you borrowed back by the specified date, collection proceedings will ensue.
Additionally, while casino markers often carry no interest, your application involves a hard check on your credit score, and that alone can make your score go down. That hit to your score can expand if you fail to pay back what you borrowed in a timely fashion.
Another alternative to cashless gaming is playing online casino games with BetMGM. You can deposit funds electronically, play the thousands of games that BetMGM offers, and withdraw your winnings electronically using BetMGM’s secure process.
Regardless of how you choose to play, casino markers can be a good option in the right circumstances. Like with every other aspect of gambling, they should be used responsibly.
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