They knew little or nothing about the gambling and poker business and most of the people they put on junkets as gamblers had ever been in a casino before. By 1969, there were over 2,000 junketeers in the United States and most of the so-called “gamblers” on their junkets were vacation seekers and free loaders who tried different hands on the poker table.
To discourage this practice, Online poker operators now insist that “front money” of $1,000 be put up for each man on the junket-wives must pay their plane fare, usually $250 or more as front money. Out of the $1,000 front money, the male gambler receives $750 in non-negotiable chips . . . upon arrival at the casino.In addition, each gambler has to fill out a credit form in advance, and has to state the full amount of credit he wishes to be granted by the casino.
The shady character-
Most junketeers rarely, if ever, collect all the monies due the casino and if they do, they hold out a considerable sum and swear on a stack of Bibles that the player never paid them. In all my casino experience, I have still to meet one junketeer playing in an online poker who is honest and does not owe one are another casino thousands of dollars.
Their system is first to load a casino with stiffs and then to cop a plea that the players they put on the junket failed to pay their markers. In old days, the airlines and the junketeers were the only ones who made money with the junkets. The airline sold plane tickets. The junketeer got $50 or $75 a head from the casino for each male gambler on his junket, plane commissions from the airline, and at times 10% of all monies lost by gamblers on his junket. In addition, the junketeer and his wife, or mistress, receives a room and board as guests of the hotel casino.
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