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Caesars Activity Days, Winning Tickets, and ADT
This board really needs more action! So, to liven things up a bit, I will share that I have been musing over how Caesars counts days for the purposes of calculating one's average daily theoretical (ADT) loss.
I believe it is common knowledge that swiping your card at a kiosk, taking a comp, etc. automatically triggers a gaming day so you should absolutely never do that unless you are planning on playing that day. (Unless of course you don't care about ADT and maybe given the current stinginess of Caesars you shouldn't. But I digress...) I'm pretty sure that checking out of a Caesars hotel in the morning doesn't count as a gaming day. But here's a really interesting dilemma: I may soon be in a position to cash some nice winning sports bets. Nowadays most Caesars books refuse to cash winning tickets (I don't mean W2G big, just anything more than a few hundred bucks big) without demanding your players card and swiping it on their teller terminals. Will walking into the sportsbook and letting the teller swipe my card to get my cash now trigger a gaming day and result in a $0 day if I just pocket my cash and drive off? |
Originally Posted by Herb687
(Post 37679763)
This board really needs more action! So, to liven things up a bit, I will share that I have been musing over how Caesars counts days for the purposes of calculating one's average daily theoretical (ADT) loss.
I believe it is common knowledge that swiping your card at a kiosk, taking a comp, etc. automatically triggers a gaming day so you should absolutely never do that unless you are planning on playing that day. (Unless of course you don't care about ADT and maybe given the current stinginess of Caesars you shouldn't. But I digress...) I'm pretty sure that checking out of a Caesars hotel in the morning doesn't count as a gaming day. But here's a really interesting dilemma: I may soon be in a position to cash some nice winning sports bets. Nowadays most Caesars books refuse to cash winning tickets (I don't mean W2G big, just anything more than a few hundred bucks big) without demanding your players card and swiping it on their teller terminals. Will walking into the sportsbook and letting the teller swipe my card to get my cash now trigger a gaming day and result in a $0 day if I just pocket my cash and drive off? If this worries you bet using the app. Sports bets that require the casino to make a report to the IRS that generates a W2G are mostly horse racing tickets where longshots come in. Sportsbooks are required to issue you a W2G if your winnings are greater than $600 *AND* your win was at least 300 times the wager amount. A crazy regular sports parlay would have to be at least 300/1 to generate a W2G. |
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