Who wouldn’t want to win at an online casino? After all, that is why we gamble in the first place. While a majority of gamblers are part-time, playing once in a while, there are some full-time gamblers too, for whom gambling is the primary source of income. Be it a part-time gambler, or a professional one, the ultimate goal is to win at the games, which is in direct conflict with the casino’s goal, which itself is in the business to make money. So, do casinos track your winnings?
Do casinos track your winnings?
The simple answer to the question is yes, casinos do track your winnings, and there are a number of reasons for that.
Track your playing habits
One of the main goals of tracking your winnings is to identify your spending habits. By tracking you, the casinos can identify which games you frequently play, which games you spend the most time on, and on which games are you likely to win or lose money. In addition to winners, the casino tracks losers too, so that they can keep such players playing for the longest possible time, with complimentary meals, small bonuses, etc.
In India, winnings above ₹10,000 are eligible to be taxed at source, while in the USA, winnings above $1200 at a casino have to be reported to the IRS. So, the casino may track your winnings in order to comply with the rules and regulations of the tax authorities.
Limiting your maximum bets
If a casino detects that you are having an exceptionally good run at a particular game, they may choose to limit the maximum bets that you can place on a game, for the day or for an extended period. They can do so to cut down on their potential losses.
Detect fraud or cheating
Do casinos track your winnings? This is what they aim to stop. If suddenly your bets increase from a few rupees or dollars to thousands of rupees, it is a definite sign for the casino that you are up to something, like card counting or seeing the hole card. In such cases, they may ask you to stop playing altogether.