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Exceeded your budget?

Discussion in 'Misc. Vegas Chat' started by AlwaysVegas, Nov 9, 2012.

?

Do you exceed your gambling budget?

Poll closed Dec 9, 2012.
  1. I have never exceeded my budget.

    43 vote(s)
    43.9%
  2. I sometimes exceed my budget.

    35 vote(s)
    35.7%
  3. I always exceed my budget by a little.

    6 vote(s)
    6.1%
  4. I always exceed my budget by alot.

    4 vote(s)
    4.1%
  5. What's a budget?

    10 vote(s)
    10.2%
Thread Status:
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  1. AlwaysVegas

    AlwaysVegas Low-Roller

    Joined:
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    Dallas, TX
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    OK, this is sort of a brag disguised as a poll and I apologize in advance, but I just got back from my Vegas trip. I play at several off-Strip properties and see people gambling in the early-morning in their work uniforms. And I have to think...if you live in Vegas and you are living on a modest income...even $20 a day in gambling losses could amount to $600+ a month.

    OK...so the brag...I've never exceeded my budget for a gambling trip and really don't know how often people do. All my friends rarely gamble and seem to assume all gamblers are addicts. So I was wondering if people really stick to their budget. Do people 'chase their losses' quite a bit?

    So, for this poll...how often would you say you EXCEED your allotted bankroll per trip? And no need to disclose your actual bankroll. I'm just interested to see how other people stick to their budget. :cry:
     
  2. DMSCR

    DMSCR High-Roller

    Joined:
    Oct 31, 2011
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    551
    Trips to Las Vegas:
    22
    Exceeded my budget by $800 last March because I didn't cut my losses from the previous day from a bad down turn at the bac tables at the Wynn. Let my emotions get the best of me and headed to the ATM. Luckily I was able to grind my way back and up $600 at the end of it all at the Encore. Which took me about 15 hours of straight play to get my money back. Plus I didn't eat "lunch" until 7 PM. Now that was what I call a grind. It would have been sooner but too many other gamblers came in and slowed up the game.
     
  3. elswam

    elswam Low-Roller

    Joined:
    May 13, 2010
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    120
    Location:
    chihuahua mex
    Trips to Las Vegas:
    15
    i exceed my budget about $300, is enough to me.
     
  4. Big Tip

    Big Tip VIP Whale

    Joined:
    Oct 22, 2008
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    1,713
    Location:
    Austin
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    It would be hard to because I take cash for my budget of what I am going to gamble.
    I have never used an ATM in my life.
     
  5. AndyAkeko

    AndyAkeko Time magazine's 2006 Person of the Year

    Joined:
    Jan 10, 2003
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    439
    Location:
    Ottawa
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    20
    After one trip where I blew my five day gambling budget early on the third day, I've been a lot more careful about sticking to a daily budget and, if I'm out of money for that day, I'm done gambling for that day. I also generally budget a larger gambling budget for the last day of the trip because a) It gives me something to look forward to at the end of the trip b) there's a better chance I'll take money back home if I'm saving it to the end and c) I can use that money in an emergency rather than use the ATM.
     
  6. ABQJeff

    ABQJeff Low-Roller

    Joined:
    May 6, 2011
    Messages:
    410
    Location:
    Albuquerque, NM
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    50
    I manage it so that the only way I can exceed my budget is to write a check. It's a pain in the neck, and I've only done it twice in the last four years.
     
  7. MikeOPensacola

    MikeOPensacola VIP Whale

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    I only take what I can afford to lose, and consider it gone the moment I make my withdrawal from the bank. To reinforce this, I never put money back in the bank if I win or if I don't lose it all. I just purchase something fun with my winnings or left over gambling money.
     
    Annual Summer Bliss in the Land of Milk and Honey!!!
  8. earth-3

    earth-3 High-Roller

    Joined:
    Jun 6, 2003
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    Location:
    Lisle
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    Perhaps twice, once for sure. One time it was for very little, the other time taught me a good lesson. (30 years ago?) Now I never even get close to my cut-off on a loosing streak. I'll switch from BJ and Crapps to light bar top action, if I feel I am heading this way.
     
  9. smac

    smac Tourist

    Joined:
    Aug 6, 2011
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    54
    Location:
    Ontario, Canada
    Trips to Las Vegas:
    6
    I did on my first Vegas trip primarily because I never thought I would be going back. It was like "going all in" in No Limit Hold 'Em! Then I got home, started getting offers and the rest is history. Trip 4 in April 2013.
     
  10. blackjacknut

    blackjacknut VIP Whale

    Joined:
    Nov 26, 2008
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    I never exceed my budget because I don't have one....:wink2:
     
  11. wroberson

    wroberson Tourist

    Joined:
    Jul 13, 2011
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    Location:
    My mom's basement
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    I know I exceeded a budget once. I have also hit the ATM after losing. I'm really anal when it comes to gambling. I try to get winning streaks going. By this I mean. I would take the small $25-$100 win and go back in a day or two. This can add up to 1000's in a month if you only have to spend a few bucks to get to the casino.

    I might be hit and run, but 30 minutes is one full shoe and the house gets plenty of chances to win.

    One way to deal with Vegas budgets is to do some math before leaving. Add up the cost of the trip and divide by the number of gambling hours. If you do this, you get an average hourly win to pay for your trip.

    Example:

    Air, Room, Car=$550.00 for 3.5 days or 80 hours in Vegas. In Vegas you will sleep 7 hours per day. 80 hours-24sleep=56 total hours to gamble. If this is the case, then 550/55=10. So, winning 10 bucks an hour for 55 hours equals 550 and the cost of your trip. You might win 150 one hour and that helps by keeping you away from losing tables, machines, cards.
     
  12. Electroguy563

    Electroguy563 Over-Fried Gambler

    Joined:
    Apr 26, 2011
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    Trips to Las Vegas:
    15
    I think It's bound to happen...

    I haven't exceeded my budget so far in 6 trips to Vegas. I never had a winning trip to brag about, (1 trip I brought home $85.00 more than what I took). I managed to so far bring at least a third of my budget back with me.

    I play very conservatively, and hardly press my bets. I play mostly craps and dabble a little in roulette. I hit and run at slots.

    Trouble is I noticed on every trip I get bolder and bolder. My last trip was my greatest loss of bankroll so far. If it wasn't for a last minute run at the craps tables on my last day before leaving I would have lost 90% of my bankroll.

    Good fun, though, lol! My bankroll is money I can afford to lose.

    This upcoming trip I plan to play 5 dollar slots, 25 dollars on the pass line with odds and 30 dollar place bets on 6 and 8 (total 135 dollars on the felt). I also plan to make one-shot bets on black for 100 dollars in roulette. To some it may seem like nothing but to me it's a lot. I'm usually a 5 dollar player at the tables.

    Wish me luck!!
     
    Going to Hawaii's 9th Island!!
    Going to Hawaii's 9th island!!
  13. Smo

    Smo Mr. Las Vegas

    Joined:
    Jan 11, 2012
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    6 Hours from Vegas
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    How do you exceed your gambling budget? :poke:

    I only take what I don't need, and stop when it runs out. Simple.:faint:
     
  14. burdog

    burdog Low-Roller

    Joined:
    Nov 28, 2007
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    Trips to Las Vegas:
    6
    Agree with most posters-- never exceeded our budget. Lots of the same reasons, if losing get up and go for a walk, gamble light early in trip so we have plenty for the end, only take cash (travelers checks) and absolutely will not go to ATM. These have worked out pretty well for our 9 trips.
     
  15. LV_Bound

    LV_Bound VIP Whale

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    My biggest fear is having such a bad run of luck that my budget is drained.
     
  16. Bamfbowhunter

    Bamfbowhunter Low-Roller

    Joined:
    Apr 27, 2011
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    257
    Trips to Las Vegas:
    8
    I have exceeded what I took with me twice. But I could afford to go by the ATM so it didn't hurt me any.

    This next trip I am staying completely away from black jack. My last 3!!!!!! Trips have started with me loosing 500$-700$ of my bank roll in the first 5 hours. And I usually only take 1000$. So that's a big chunk. All of these losses have come on absolutely horrible blackjack runs
     
  17. archie1959

    archie1959 Low-Roller

    Joined:
    Jul 3, 2007
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    353
    Trips to Las Vegas:
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    Just came back from a week's stay
    Ouch!
    Now one net winning day.
    Only win thatwas of note was @ Hooter's
    260.00 om a price is right Plinko slot.
    That was the major jackopt on machine.
     
  18. heatherlovesvegas

    heatherlovesvegas VIP Whale

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    Sometimes! I usually take out the amount of cash I want for my whole trip, and that's it. Usually I win enough that I can keep playing.. you know? I will say I'm terrible at keeping any winnings (minus like hundreds of dollars) it almost always goes right back into the slots haha

    I generally don't go to the ATM and get MORE cash for any reason, the $5.00 ATM fee is enough to prevent me from doing that LOL.
     
  19. Geoffers

    Geoffers Tourist

    Joined:
    Feb 19, 2012
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    29
    Location:
    England
    Trips to Las Vegas:
    6
    Before I get to Vegas I'll have my dollars sorted into 3 piles - poker/food & drink/gambling.
    I'll know what poker tourneys I'm going to enter, set aside what I need for food & drink and have a set amount to play roulette, craps and slots.
    Won a fair bit on poker last time and was a little up on my gambling so I can go back for free this time. Happy Days.
     
  20. Tree DA

    Tree DA High-Roller

    Joined:
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    I don't really have a budget per se either. I take an amount of money that I can afford to lose/spend and that I think will give me enough sessions to enjoy my trip. If I bring money home it goes back into the checking account. If happen to need a little more while I'm there I can access it easily enough. I don't separate gambling money from food or entertainment. I consider it all entertainment so it's one 'budget'. (Though I do track my gambling wins/losses)
     
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