How to take advantage of casino credit line promotions?

**seriousplayer** · 01-21-2014, 07:35 PM

I never used casino line of credit. It is because I don't play with money I cannot afford to lose. It is not a recommended idea to finance you play with borrow money. I've seen a promotion the LVH in Las Vegas is offering. Copy and paste the link below:

https://www.thelvh.com/images/storie...inal121013.pdf

How do I take advantage of this promotion without risking too much of my money? What are the eligibility requirement to get approve for the casino line of credit?

**Blitzkrieg** · 01-21-2014, 08:01 PM

A line of credit from the casino is a double edge sword, I don't even want to know what kind of juice they charge for taking their filthy lucre that isn't worth the paper it's printed on. I already know what kind of rates these zombie banks are charging, the casinos just want to play banker too... greedy bas-tards!

**RWM** · 01-22-2014, 08:06 AM

Casinos don't charge juice (or interest) on their credit lines. Just because you get a credit line doesn't mean you have to use it.

**seriousplayer** · 01-22-2014, 09:48 AM

Originally Posted by RWM

Casinos don't charge juice (or interest) on their credit lines. Just because you get a credit line doesn't mean you have to use it.

The casino will make you use their credit line by not offering you the promotional chips until the credit line is use with $100 betting minimum. As listed in the small print at the bottom.

**RWM** · 01-22-2014, 10:03 AM

Right, you have to play 4 hours at $100 minimum to get $500. I'm assuming you can play at least a break even game so you earn $125 per hour. You have to decide if your bankroll is big enough for this, and if $500 is worth giving a casino all your personal info. If I were a VP player I would go for this in a heartbeat. (Since VP players give up their SSN to casinos already.)

**ZenMaster_Flash** · 01-22-2014, 11:45 AM

Years ago, when opportunities abounded, the L V Hilton dealt a great DD game with LS.

I got $10,000 in Promo Chips for simply making a cage deposit of $40,000 at the L V H.

I was not even asked to get a credit line, as I used cash. Promo Chips are worth Face Value.

Match Play is worth 43% of face value, (less if they don't pay a premium on BJ.)

**zerg** · 01-22-2014, 04:39 PM

Whoa, that is awesome. My experience with LVH promo chips is that they are like a match play you don't have to match. If you win, they take the chip and replace with a real chip. If you lose they take. They had pretty good bounce back offers 1-2 years ago. If you are going to be in Vegas once a month, it adds a lot of value to this play.

**Marlene** · 02-07-2014, 10:39 AM

If these chips are as Zerg says then the EV is $250 or $67.50 per hour.

Originally Posted by RWM

Right, you have to play 4 hours at $100 minimum to get $500. I'm assuming you can play at least a break even game so you earn $125 per hour. You have to decide if your bankroll is big enough for this, and if $500 is worth giving a casino all your personal info. If I were a VP player I would go for this in a heartbeat. (Since VP players give up their SSN to casinos already.)