What is a Casino Marker: Everything You Need to Know About Casino Credits and Loans

Casino Markers are one of the most profitable online casino activities nowadays. These casino credits are issued by the casino and can be used at any casino that accepts credit cards such as Sparco-America-Casino. Casino Credit cards are also widely used to withdraw casino winnings on the online casino’s cashier. They are another way of gaining large amounts of Casino Credit. It’s because the most prominent casino card of today is the credit card based (nfc) casino credit that works via software application. The software applications work on Windows Operating System and runs on a PC.

New research findings suggest that there is a strong influence of players in online casinos. This research has been conducted on another research in online casino research that was done by a gaming analyst entitled “Online Casino Player Behavior”. This research suggests that casinos are trying to reduce the rate of credit loss incurred by a player. One of the major factors affecting credit loss is the person’s decision in which casino to visit. It was revealed in the research that the player is much more likely to visit a casino for specific reasons.

According to the research conducted, players may visit casinos with special reasons such as the ones:

1. Allows payment to play more free games.
2. High-quality deposit bonuses.
3. Uses free offers to attract players.
4. Lowly known casino.
5. Also carries out surveys.
6. Available for mobile player.
7. Gets big boosts for certain types of play.

These reasons are very much suitable for players who are skeptical about the credit card players. These reasons prevent the players from losing their casino winnings as they are trying to withdraw. The issue is that the credit card players are not usually comfortable with this mode of payment. The identity of the player is required to make a credit card deposit on the casino. Also, the card limits can be set by the casino as per its guidelines. However credit deposit for the sake of money is illegal in casinos.

Cons of Casino Credits

Casino Credits are illegal and thus have its own cons. Let’s discuss the basic disadvantages of using casino credits.

1. Players who borrow money, even by using casino credits, have to pay interest.
2. Players who borrow money can go bankrupt before they pay back the borrowed money.
3. Credit Card users have to visit casinos with specific reasons.
4. The card limits of a casino can be set.
5. Fraud and money laundering issues.
6. Card limits of each casino can be different.
7. The payment limits can be set by the casino as per its guidelines.

Let’s discuss each con in detail as below.

Players who borrow money, even by using casino credits, have to pay interest.

The interest rate can vary from 1.25% – 3.25% depending on the credit card interest rates of the particular card issuer. To avoid the high interest rates, players check the card transaction fees in online casinos. The rates not exceed 2.5% of the total deposit. Thus players avoid taking credit from the banks. This is just illegal.

Players who borrow money, even by using casino credits, can go bankrupt before they pay back the borrowed money.

The credit limit of the casino can be set according to the approval from the credit card issuer. The payment limit can be set by the casino as per its guidelines. For players, if they fail to pay back on time, they might lose the casino winnings before the specified amount is repaid. Such players can apply for a credit limit of bank loans to ensure that they repay the money within the specified time. In addition, players also apply for loans from other lenders. This will help them to receive money with smaller interest rates. However, it is just illusion. We do not encourage to gamble as it is a taboo for society.

The card limits of each casino can be different.

The card limits of each casino differ according to the country. There are card issuers that offer up to 25 credit limit per card. Whereas the credit limit of other card issuers can be higher as it depends on the country. For example, players have Visa credit cards which has a maximum limit of $10,000 and can be used in all the countries of the world. In addition, players who use the Bank of America credit cards have a maximum limit of $25,000. In the US, there are no limits.

Fraud and money laundering issues.

The fraudulent activity by the players can be attributed to the payments made using credit cards. The monetary transactions are either fraudulent or non-existent. If players have un-available money and non-existent bank details, they can fraudulently withdraw the money using the credit card payments.

Card limits of each casino can be set.

The payment limits of each casino vary as per the credit card issuer. The rate of using a credit card in casinos is usually low. For example, when you play a slot machine, the cash payouts are usually from $20 to $50, depending on the game. Other games might have better payout options from $100 to $1,000. Thus players cannot withdraw more than the card limit to get a desired payout amount. The card limit of each casino can be found in the contract of service agreement. For example, when you pay for a $100 bill from a $2 casino, the cash payout limit is only $20. These things leads you towards bankruptcy.

The payment limits can be set by the casino as per its guidelines.

Mostly the credit card limit is 10% to 20% of the casino winnings. However, there are some casinos which limit the cards by the length of stay in the casino, the daily gaming or tournament winnings, the online deposits, or a combination of these. The longer the credit limit, the higher the card limit. Thus, players use the credit limit to their benefit by playing a good game which is more expensive than the other games. It is just a bad idea to play for credit and interest. It has negative impact on people and kids.

In order to meet the credit limit of a casino, players use high denomination notes.

One can meet the credit limit of the casino if the players always use high denomination notes, say $100 bills or $500 bills. Such currency will get smaller and will be easily removed from the slot machine. However, since there is no card limits, the players can cheat and use as little as $20 or $30 denomination notes.

These disadvantages are responsible for a decline in the use of credit cards as a cash payment in casinos. Although some casinos are introducing credit and debit card facilities in recent times, most of them are not as safe as they were thought to be. Do not go for credit and money.

How Casino Markers is a Taboo for People?

Credit and money are considered as bad elements for people. Just because a person has secured everything from the bank and life, he/she believes that they can no longer run to someone with $100 to pay for the fuel or mobile data and many other things they need to purchase in order to survive and lead a comfortable life.

Markers are for people who believe in religion. When a person tries to take possession of another person’s property and try to earn him/her his/her wealth, this becomes a sin. So, no matter how tough it looks, people should never have the right to take money from someone else.

Investors need not go to debtors or prey on people to earn their money. Money and money accumulation is a good thing and one has no right to steal money from others. Casino markers are the bad consequences of ignoring hard work and money. You can win from many casinos but a lot of things can happen, if you don’t save a lot of money and work on your strategy.

There are some lessons from the life of Jack Bernthal. He once took the casino by storm and became a celebrity. The lesson is to never be in the money industry. It is very much possible that someone can come in with a lot of money and others can take him over. Many players lose from a lot of problems and do not get to know the whole truth, when someone asks them for their money back.

The same thing can happen with casino markers. If you are convinced by any such agent to invest in a casino, you should know what he is doing and should never listen to him blindly. All in all, if you are relying on a casino as an investment source, you should know what the casino is making by providing you with a credit card.

Penalties for Casino Markers

Although the FBI and SEC are doing a commendable job by spreading awareness and educating people about the ill effects of credit and money, the mafia and bad elements still have the right to make use of casinos.

There are a lot of rules for casinos in different countries. In the US, for instance, casinos do not have the right to collect a gambling tax on customers. The penalties for using a credit card for gambling purposes are very high. In India, they can be fined up to 5,000 Indian rupees (approx. Rs. 50,000).

Speaking about which, other things to keep in mind, according to people who follow the law, casino markers are considered as a loss of money that was accumulated by using credit cards. The casino also has the right to pursue the player for that loss. Avoid all these pitfalls by avoiding credit and money in the future.

Just because the casino makes you believe that you can win if you play, it doesn’t work like that. You may think that you are confident and you have the intelligence but your perception is not right. You have to wait for an opportunity for a good play.

If you don’t see an opportunity, it is important to make use of something else. The best way is to keep away from credit cards and stay away from gambling. This is one of the mistakes that many gamblers make. The moral is to control your mind and make use of other ways of generating income.

Always remember that gambling is the worst habit. It is even more dangerous than drug addiction. If you gamble, you can lose your money and cannot even sleep at nights because of the guilt and remorse.

Protect yourself from the bad effects of gambling by avoiding casinos. You must understand the nature of casino markers in India and other countries as well. So, if you still think that you are likely to lose and lose your money, there is no point in playing casino.

If you think that you will win big and this is a sure shot way of making money, you need to remember that a good portion of the casino is virtual and there is no way you can win big. Furthermore, it’s a sin to make money with gambling.

Conclusion

There are a lot of things that can happen in the career of a casino marker in India. The casino and the dealers make a lot of money from players but they are not your friends. Do not trust them and take care of your personal assets. Just have a bad experience with someone and forget about it. It is very likely that you will forget about the person. If you like it and want more like it, then we would love to hear your comments. Do let us know in the comment box below. It will make our day. We will appreciate that.