#1
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Question about the WSOP winners...
What happens after the winners are presented with all that money after the tournament? They obviously can't walk out of the casino with a chest of 100's, lol. Do they give those giant stacks of money back to the casino in return for a wire transfer to their bank accounts or something?
Was just watching a re-run and never really thought about it until as a joke the winner started stuffing his pockets with the stacks. |
#2
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Re: Question about the WSOP winners...
I'm pretty sure you can. Farha walked out after the 03' WSOP with his 1.3 million in cardboard boxes and hopped in a limo lol. Ya'd think if u were gonna put it in a bank or something you'd just get a check ?
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#3
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Re: Question about the WSOP winners...
Wow Farha really did that? That seems really risky to me, haha. A check would also seem really risky because I would not want that large a sum of money riding on one piece of paper...
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#4
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Re: Question about the WSOP winners...
Harrington said when he one it he made them write a check
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#5
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Re: Question about the WSOP winners...
Chris Moneymaker got (IIRC) $25K cash and the rest in check form. The money is mostly for show.
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#6
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Re: Question about the WSOP winners...
[ QUOTE ]
Harrington said when he ONE it he made them write a check [/ QUOTE ] Don't you mean "won"???? |
#7
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Re: Question about the WSOP winners...
I don't know if the procedure is different for the people who win TONS of money, but it looked like they got a receipt of sorts from an official and then took it to the casino's cashier to exchange it for a check.
Those who actually have personal experience with this can correct me if I'm wrong. |
#8
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Re: Question about the WSOP winners...
[ QUOTE ]
Wow Farha really did that? That seems really risky to me, haha. A check would also seem really risky because I would not want that large a sum of money riding on one piece of paper... [/ QUOTE ] Checks have a paper trail. If it's lost, a stop payment can be made for $20 and another issued. It would be very difficult to steal a 7 digit check and endorse it over to yourself without some serious authorization. |
#9
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Re: Question about the WSOP winners...
Could probably have it wired also.
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#10
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Re: Question about the WSOP winners...
[ QUOTE ]
I don't know if the procedure is different for the people who win TONS of money, but it looked like they got a receipt of sorts from an official and then took it to the casino's cashier to exchange it for a check. Those who actually have personal experience with this can correct me if I'm wrong. [/ QUOTE ] yeh this is pretty much exactly what happens, except they take you to a private part of the cage and just photocopy your drivers license and you have to write down your SS#, with option to take any amount (up to 100% of it) in cash or wired to your bank account |
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