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Apr 04, 2012 Online gambling affects your credit rating if you use multiple credit cards or money that you don’t have to gamble. But who is most at risk of financial problems while gambling online? We explore here and invite your questions about credit scores and online gambling here. Play at a Great Credit Card Online Gambling Site Today! If you're keen to get gamblng online, credit card desposits are available at all of the top real cash gaming venues on the web. This means that those looking to deposit using VISA, MasterCard or AMEX will be able to play at the top real money sites around.

Deposit 2500 front money- Draw the full marker for 5k at the table - anything more specific then that pm me
Disclaimer- I am not soliciting any fees for advice just not comfortable putting all info on the public forumConfirm for me that you write checks to cover your markers, and that you sign something that allows the casino to draw against your bank account after a certain term with or without your further involvement.
That is what I would expect and the fact of the matter is you better have the money. I wouldn't get excited about the idea that it is 'credit'.
It means you don't have to carry cash around. That's fine and what it is really for.
Markers can get into a real weedy area too when degenerate gamblers are involved. Let's hope that is not you.

1. Has anyone had any experience combining casino credit with front money?

not me

2. Will it look bad if my winnings and losses cause me to never use any of the $2,500 casino credit?

no

3. Will the casino be less likely to extend me credit in the future (or event close my credit account) if my markers are drawn entirely from front money and no casino credit is used?

it's not really credit, so no

4. Does play get rated automatically with any markers, regardless of whether they come from front money or casino credit?

yes

I want to stay on good terms with the casino and would like to be able to eventually raise my credit line to $5,000 or more so I can avoid putting up front money in the future.

I wouldn't worry about it.

Thanks in advance for any answers and/or advice.

PS: you're welcome, I have been looking into markers myself and don't have all the answers. The Marker system can be misused by the casinos IMO, but I think the vulnerable people are guys like professional athletes with a gambling problem.Just to add a bit in response to some of the questions, and ask a couple others.
'Front Money' is not a term I'm familiar with, I assumed it was just cash you brought with you but I could be wrong. WoN said to deposit it, and then draw against it at the tables? Unless it was a large amount of money I'm not sure why you wouldn't just swap for chips at the table. Seems like an extra step, but maybe some payoff in terms of attention from the Pit? Wish WoN hadn't asked to continue only by PM 'cause I'd like to know more about the subject and his advice.
It's been discussed a couple times in the last couple months whether playing with markers added any value beyond just the simple fact of not having to carry around uncomfortable (for you) large amounts of cash. I haven't read about any clear other advantage.
The OP applied for 5K LOC and rec'd 2.5K. That caught my attention, and I wondered why. My experience has been ( working with a bank acct specifically set-up to cover my LOC ) that you put say 110% of the amount of the requested LOC in that acct, the casino verifies (I assume) that the money is there and maybe runs a credit check on you. It might be more complicated than that, and anyone is welcome to chime in with additional info.
Of course working with markers, or casino credit, can be an incredibly dangerous proposition for anyone that doesn't have serious self control and discipline (cough, cough). You don't have to be a professional athlete. Gamblers always risk going broke. With markers you can go way, way, beyond broke. Proceed with great caution!!!!!!!
The casinos are set-up to take your money, simple fact. You are supposed to have some fun in exchange. That makes them like many other forms of entertainment and I am not disparaging the concept, or casinos, in any way. I like to have fun, I don't mind paying for it. For some odd reason that MS Feathers doesn't understand, I happen to enjoy the hell out of BJ. Playing with markers is a dangerous game. Spending money with credit cards is similarly dangerous if you don't pay off the balance every single month. Just ask the 50% (guess) of American households that carry credit card debt from month to month!!!!
Just for example, there was a Friday night about a year ago that I walked into a casino where I had a $20K LOC and grabbed a 5K marker and proceeded to play, at a red chip table. Over the next 2 or 3 hours I took another three 5k markers, at a freaking red chip table, out of necessity to be able to continue to play. Unbelieveable, like one of those 18 yo's in a row nights. If it hadn't happened to me, I wouldn't believe it. You tell me it happened to you, I'd think BS, I might even type BS in a response and risk the wrath, but it happened. Everyone is different, but for me that was a huge amount of money. But it was money I had, in the bank, and I lost it. Sad day. I don't want to think about the possibility of losing money I don't have in the bank. Did I mention that playing with markers is playing in dangerous territory? Point made, I hope.
Got long winded, sorry.
There was also a mention in OP bout not using the credit. At least one of my LOC agreements specifically states that it becomes null and void if not used during any single 6 month period. I assume that means it stays in place as long as I play with markers against that LOC at least once every 5 months or so. I am not sure if that is an industry standard.
Good variance at the table to you. Just remember that variance is short term only, there is little or no variance over the long term.

Unless it was a large amount of money I'm not sure why you wouldn't just swap for chips at the table. Seems like an extra step, but maybe some payoff in terms of attention from the Pit? Wish WoN hadn't asked to continue only by PM 'cause I'd like to know more about the subject and his advice.
It's been discussed a couple times in the last couple months whether playing with markers added any value beyond just the simple fact of not having to carry around uncomfortable (for you) large amounts of cash. I haven't read about any clear other advantage.

Extra attention from the pit never hurts as long as it's good attention.

The OP applied for 5K LOC and rec'd 2.5K. That caught my attention, and I wondered why. My experience has been ( working with a bank acct specifically set-up to cover my LOC ) that you put say 110% of the amount of the requested LOC in that acct, the casino verifies (I assume) that the money is there and maybe runs a credit check on you. It might be more complicated than that, and anyone is welcome to chime in with additional info.
Of course working with markers, or casino credit, can be an incredibly dangerous proposition for anyone that doesn't have serious self control and discipline (cough, cough). You don't have to be a professional athlete. Gamblers always risk going broke. With markers you can go way, way, beyond broke. Proceed with great caution!!!!!!!

In retrospect, I should've done more research regarding the way casinos evaluate your worth before extending casino credit. I believe that your current checking account balance or balance over the last several months is most important. There was no hard credit check from the casino.
I rarely keep a large balance in my checking account. I make most of my purchases with credit cards and then pay my credit cards off in full each month. I never keep a balance on my credit cards. The rest of my money goes into savings or money market accounts. So it's not like I don't have the money, I just don't keep it in a checking account that earns virtually no interest. I believe this is what caused me to receive a lower than expected amount of casino credit.
If I had to do it over, I would transfer money to my checking account a few months prior to submitting a casino credit application and let it sit in there. Perhaps 110% of the amount requested is the sweet spot as you suggested.It's almost all based on average daily balance

Is Online Gambling Bad For Credit Rating 2017

I have not had a single casino pull my actual credit - they run a bank report and
Central casino credit to make sure you haven't bounced any markers
If I recall right they use terminology like mid 4s mids5 mid6
As in a 1-9k bank balance a10-99k balance and a 100k-999k balance but I have had markers that started at 5k go up to 100k once I had them run through more then a couple times, keep in mind though if you are a green chip player they are not giving you a 50k marker it's also based on play. They will more likely give you a 100k marker with only 10k in bank of you show the play then they would give you a 50k marker with 500 grand in the bank if you don't show the playNot to hijack the thread or nothing, but something interesting happened to me (which really confused the hell out of me). I have a front money account (small $$ amount), pulled out a marker, played a bit, lost, went to cage to put the rest of the amount back in. Apparently you can only pay back the full amount of a marker when using front money....I thought that was odd, but OK. Then she says I OWE money against my account. Seems odd, that I would OWE money, when really, it's all my money to begin with! I didn't think it would be setup the same way as credit lines are....I figured I'd just have a balance (like in a debit/savings account at a bank), and whenever you take out money, your balance goes down, whenever you add in money, balance goes up. None of this 'pay back money you borrowed' stuff.
Seems odd they'd do it that way....like what are they gonna do if I don't pay back my own money? LOLI think I'd have to ask for the rest of my money back, now, just to make sure it's still mine?2F, another good reason for Front Money is for travelers. Say you are travelling from Atlanta to Vegas, and have a gambling budget of $10,000. Instead of talking out a marker which you have to pay back, you can pre-arrange to have funds you intend to gamble with wired to the casino before your trip so you don't have to travel with $10,000 and have any run-ins with TSA or the PD at the airport due to having such a large sum of cash on you. You then take it out like you would a marker, but don't have any obligation to pay it back.

If Las Vegas or Atlantic City are your ideal travel destinations because you love to gamble, luck is on your side: Gambling does not automatically hurt your credit scores. But before you sit down at the blackjack table or roulette wheel and lose a few hundred bucks, you need to know that even though this choice won’t directly harm your credit, it can still be a risky move.

There are certain gambling behaviors that can land your credit in hot water. You may want to avoid these practices to help you keep your credit scores in good shape.

Gambling Beyond Your Means

Hitting the casino or track can do major damage to your credit scores if you can’t afford to gamble in the first place. By gambling away funds you need to pay bills, rent or credit cards, you could end up missing a payment or even defaulting on a loan. Missed payments and defaulted loans can land on your credit reports and damage your credit scores. In fact, payment history is the biggest influencer of your credit scores, making up 35% of your scores.

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If you can’t resist betting (and can afford to do so), you may want to set a budget limit before you begin. That way you know how much you can afford to lose and don’t go down the path that causes you to skip out on your other obligations. (You can see how your financial choices and behaviors are affecting your credit by viewing a free snapshot of your credit reports, updated every 14 days, on Credit.com.)

Using Credit Cards

Perhaps you don’t have easy access to a casino, so you venture online to get the gambling rush. Most of these online gambling sites accept credit cards as a form of payment and with a few clicks, you’re given more gambling credits. This makes it very easy to rack up charges on your credit card as you chase an online jackpot.

This practice could be disastrous to your credit scores. The more you charge, the higher your credit utilization ratio. Most credit experts generally advise keeping a credit card balance no higher than 30% of your combined credit limits, ideally 10%, to have the best effect on your scores.

And, if you find yourself applying for multiple credit cards to fund a gambling habit, you could be damaging your credit score by putting too many hard inquiries on your credit report.

Taking a Cash Advance

Cash advances are another risky way to finance your gambling. Cash advances usually involve paying a fee and a higher interest rate (which generally starts accumulating right away) to get cash, putting the balance on your credit card. This is an expensive price to pay for cash, and it also raises your credit utilization ratio.

Why Is Gambling Bad

Casino Credit

Is Online Gambling Bad For Credit Ratings

Although not extremely common, or available in every state with legalized casinos, some places offer markers, also known as casino credit. You can use these markers in place of cash so you can avoid carrying large amounts of cash, which you can later redeem if you win more than you put down. In some cases, you have to initiate payment, while in others, the casino will draw the funds from your account. It’s akin to writing a post-dated check. No interest is charged.

This is risky if you don’t pay or you don’t have enough cash in your account to cover the withdrawal. In this case, the casino can possibly pursue your funds through debt collectors or court, which could do significant damage to your credit scores. Also, some casinos may initiate a hard inquiry that can appear on your credit reports when you apply for casino credit, which — as we mentioned earlier — will have an effect on your credit scores.

If you have to worry about the effects of gambling on your credit reports, it may be better to avoid gambling. But if you do gamble, you might reduce the risk to your credit by sticking to a budget and avoiding risky funding options. Of course, gambling addiction is a very serious condition that has ruined lives. If your gambling is negatively affecting your life, you may want to seek help or treatment.

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