Cash is King, Credit is Costly

Everyone has a unique way of handling money. Some people can walk into a casino with three credit cards and $5,000, yet stick to a session bankroll of $200.

Other people leave credit cards at home and give the cash to their spouses with strict instructions regarding how to dole it out. Whatever works for you is fine, but here are some things to consider when you decide to get into the action.

The easiest and cheapest way to gamble is with cash. It's uncomplicated, universally recognized, and accounting is effortless. When it's gone, it's gone.

The next step down from folding money is an ATM card. Some people will tell you to leave cards in the hotel safe or at home. If that's what you need to do, then do it.

But if you have the willpower and don't feel like carrying large amounts of cash around, use the ATM. The only drawback is the fee the casino machine will charge per withdrawal. Expect about double the cost you would pay at home.

A credit card is absolutely the worst way to bankroll your session. The fees are exorbitant, commonly about five percent to 10 percent of the amount advanced.

The exact fee depends on the credit system and how much you request. Of course, you'll be paying interest on the money, and the credit card company may charge a cash advance fee, too. The only advantage to using a credit card is the convenience of having a much higher limit.

Most ATMs top out at $300. Credit cards can go into the thousands. But a higher limit isn't much of an advantage when you consider the astounding cost.

the credit system

gambling credit information

the casino cookie jar