When it comes to gambling, there’s a lot of terminology that can be confusing for those new to the scene. One term you may have heard before is “front money.” But what exactly is it?
Front money, also known as “marker,” is essentially a line of credit extended to a casino patron by the casino.
It allows the patron to borrow money from the casino to use for gambling, with the understanding that the debt will be paid back at a later time.
How Does Front Money Work?
To get a front money account, a patron must fill out a credit application and provide the casino with some form of identification, such as a driver’s license or passport.
The casino will then run a credit check and determine the amount of credit they are willing to extend to the patron.
Once the account is set up, the patron can then use the front money to gamble in the casino. They can do this by requesting a marker, which is a check written by the casino for a certain amount.
The patron can then take the marker to the casino’s cage and exchange it for cash or chips to use at the tables or slot machines.
Once the patron is finished gambling, they can either pay back the marker in full or make payments on the debt.
The casino will typically charge interest on any outstanding markers, so it’s important for patrons to pay them back as soon as possible.
Why Use Front Money?
There are a few reasons why someone might choose to use front money at a casino. One reason is convenience.
Carrying around large amounts of cash can be cumbersome and risky, so having a line of credit with the casino can make gambling more convenient.
Another reason is for high stakes gambling. High rollers often prefer to use front money because it allows them to play with larger sums of money without having to physically carry it with them.
Finally, front money can be a way for someone to gamble beyond their means. It can be easy to get caught up in the excitement of gambling and lose track of how much money you’re spending.
Using front money can lead to taking on more debt than you can handle, so it’s important to use it responsibly.
Let’s say you’re at a casino and you want to play some blackjack. You don’t have a lot of cash on hand, but you do have a front money account set up with the casino. You can request a marker for $5,000 and take it to the cage to get cash or chips.
You then proceed to play blackjack and unfortunately, you lose all the $5,000. You now have a debt of $5,000 with the casino, but don’t worry the casino will typically give you some time to pay back.
On the other hand, let’s say you’re on a hot streak at the roulette table and you win $10,000. You can use that money to pay back the marker and any interest charges, and you’ll be back to square one.
The Bottom Line
Front money can be a convenient and useful tool for casino patrons, but it’s important to use it responsibly.
As long as you keep track of your spending and pay back markers in a timely manner, front money can be a great way to enhance your casino experience. Just don’t let it turn into a debt trap, because that’s not fun for anyone!