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Casino Credit

The average gambler at an American casino comes to the club with cash or traveler's checks that can easily be converted to cash with the showing of proper identification.

It is only a small minority that establish credit at the casinos, but those who do probably account for a greater volume of play than all the cash customers combined. Nearly all the junket players are credit customers, and the big casinos on the Las Vegas Strip count on half their profits coming from junketeers' play.

The high rollers, known as premium players by the casinos, generally have credit lines at one or more casinos in Nevada and Atlantic City. These players can't be bothered with cash; they like to be able to show up at a club at any time, and, within thirty minutes, without anything in their pockets but a driver's license, bet thousands at the tables.

The casino world, after all, often reflects the real American world outside. And today credit is the name of the games, and everyone who is anyone has some kind of credit. Just as the credit card has replaced cash in American life to the point where you can't rent an automobile in many cities without a credit card, so credit has replaced many cash transactions in casino operations. Many players who bet heavily don't like the risk of carrying cash, and the casino is only too happy to give its premium players all the credit they can use.

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