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How do you determine your bankroll?

Discussion in 'Casino Gaming' started by Fafa2e, Jul 11, 2013.

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  1. Fafa2e

    Fafa2e Low-Roller

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    Does anyone have a specific method for determining their bankroll (i.e. maximum amount they are comfortable losing) for a trip?

    I use a calculation of roughly 5% of liquid net assets (cash and investments less debt).

    Cash and investments excludes all retirement savings. Debt includes mortgages and auto loans.

    I don't go out to Vegas expecting to lose all of my bankroll, but it gives me my loss limit.

    How do you determine your bankroll for a trip?
     
  2. SW

    SW Well-Known Member

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    I, and Mrs. Wilson, feel comfortable with three 20-30 units buy-ins per day. Even if I have a terrible run at the tables, I'll be able at least play once in the morning, afternoon and evening. I also treat each day separately. A big win on Day 1 will not change how I look at things on Day 2.
     
  3. Kickin

    Kickin Flea

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    I take natedog's bankroll and keep cutting it in half until I stop sweating.
     
  4. mescalita

    mescalita Low-Roller

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    I like to live dangerously - I pull out the change jar and take all of it with me!
     
  5. VegasGroove

    VegasGroove VIP Whale

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    This is an interesting question.

    Does anyone use the rule of taking a certain percentage of your income as your bankroll?
     
  6. VegasDave

    VegasDave Addicted

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    I usually tell myself I want to save up to a total net worth of whatever amount by my trip and anything I have saved beyond that is fair game for me to bring. I typically don't bring more than a few thousand for gambling no matter what I have actually saved though.
     
  7. msavard

    msavard Tourist

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    I usually take about 50-100% of a paycheck to gamble with (mostly poker and craps with some BJ/roulette thrown in intermittently). Then about double that much for food/beverage/room as well.
     
  8. JosieCat

    JosieCat VIP Whale

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    I figure out how much I like to have a day to gamble with and multiply it by the number of days I'm going for :).
     
  9. Darreningreenwood

    Darreningreenwood Low-Roller

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    Hmmm...It's pretty much whatever I'd feel comfortable losing while in town, with gambling amounts adjusted accordingly. Of course, that's based off how much I have in savings, what other expenses I have coming up, if I didn't splurge on other things, etc.

    My first trip was 7 nights in a timeshare with friends; I took $1000 with me, got home with $57. The lesson I learned: if you have to pay for food, beer, cabs, room, etc, you're not doing it right. I learned how to play the game (and games). Cheap/free rooms, shortcuts for walking, monorail, and lots of luck!

    So I've based my bankroll off my past experiences; I know for some trips I had X amount of money, gambled Y amount per buy in, for Z number of days. If those factors are the same, then I'll take the same amount. If I decide I want to bet more per hand/buy in, I'll factor that into my adjustments.
     
  10. Buddha

    Buddha VIP Whale

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    This is basically what we like to do as well. We set aside $500 to $600 per day for our Video Poker play, and all wins and/or losses are chalked up for each day. The next day then starts with a fresh day's bankroll, no more, no less.
     
  11. mjames1229

    mjames1229 VIP Whale

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    My goal is $300 a day, with as much pre-payment (shows, Groupons, car rental, etc) as possible. Anything not prepaid comes from the $300/day.

    But how I get there and if I get to my goal is fixed... I am semi-pro bowler (meaning I can beat up on a lot of local fish, but when going against real players, I am the fish).

    My wife and I have agreed that fees for bowling leagues and tournaments can come out of the family budget, and any prize money goes to Las Vegas.

    In all fairness, if I just put all the bowling money aside, I would have a lot more, but what would be the fun of that? I had a very good season in 2012-13, and ended up with a bankroll above goal.

    My summer tournament season isn't going quite so well, and it looks like I may be UNDER budget for November. But all it takes is one big win...
     
    Super Bowl with my son
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  12. shifter

    shifter Degenerate Gambler

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    I call up Jimmy, the local loan shark, and however much he'll give me this week is my bankroll. just have to hope I don't lose it all or I'll be one kneecap shorter next week. :(
     
  13. FXT

    FXT VIP Whale

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    Since I go to Vegas once or twice a year, mine is usually set to 1 or 2 paychecks.

    I have been toying with the idea of opening a separate account for sports betting and Vegas/Reno funds where I can deposit a little monthly into it but haven't pulled the trigger yet.
     
    Last edited: Jul 11, 2013
  14. Molder66

    Molder66 Low-Roller

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    In the beginning I would take what I could save up in between trips. Thinking back, my annual bankroll was about 8% to 10% of my annual income.

    I started a separate bank account for my gambling bankroll last year. I took the idea after reading a poker book a few years earlier and was always intrigued with the idea of building and maintaining a gambling bank roll.
    I started with $1000.00 and replenished it three times the first year. :cry::grrr:
    Then I actually learned about gaming returns and which games not to play heavy on. I learned how to play VP correctly and have seen positive gains since.
    I still have ups and downs but have seen some nice ups in the last year.
    Yes, I know long term I am expected to lose, but I really like that new TV in my family room. :banana:

    I have really enjoyed the challenge of growing and maintaining a bank roll, next year’s challenge will be to break the 10K barrier and sustain that.
     
  15. bubbakitty

    bubbakitty native Texan; born and bred.

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    Ours is discretionary money which we have scrimped from elsewhere. If we save money at the end of the month by eating in more than out as budgeted, it goes in the LV fund. When I win at golf it goes in the LV fund. If I lose at golf it comes out of my pocket. If I win a football pool or local "friendly" bet (without the juice), it goes in the fund.

    We attempt to go and have the presence of mind any money lost is ok with the bottom line upon our return (not that we accept it is ok to lose but not "the rent"). It seems the closer we get to the day we fly the more we scrimp and save.

    But then we are low-rolling gamblers. A percentage of income or net worth would take all the fun out of it for us. Apparently it puts the fun in for some and that is cool too.
     
    1st Super Bowl DT...Panthers / Browns no doubt
  16. BlondWidow

    BlondWidow Low-Roller

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    Well, we have a way. It goes like this:

    Me: "Honey, you're on lock-down since we're leaving for Vegas in ___ days (consult VMB countdown timer). That means no video games, no great deals on rifles or ammo, no big steak dinners... lock it down!"

    Honey: "Okay, I know!"

    Meanwhile, during said days leading up to our trip, he does indeed find a great deal on a rifle or ammo (or some other big ticket item) and insists "we'll be fine!" or "we're gonna double it when we get there!" lol

    The days go by and we are down to the wire, so we start eyeing that paycheck right before we leave and calculate how much we can get away with playing on after all the bills are paid. That's when we decide if we are eating on cash or credit. We're usually hitting the ATM at our airport before our flight. We leave a little in reserve in our checking account (and of course enough to cover the horrendous Las Vegas ATM fees + our bank's foreign ATM fees) "just in case" and then hope and pray that craps will be nice to us. It's usually not. It's usually crappy and we end up paying the stupid ATM fees.

    It's a terrible system, I don't recommend it! LOL :eek:
     
  17. BigGTMike

    BigGTMike Low-Roller

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    Usually plan a trip 2-3 months in advance and set aside whatever I have left from my weekly bar/entertainment budget. Usually ends up being 1000-2000. Also keeps me a little healthier.
     
  18. bardolator

    bardolator Lifelong Low Roller

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    I used to take a roll of nickels but now with TSA I have to carry paper money. :)

    Seriously, I take a short stack of Bens and never have more than half of it with me until the last day.
     
    Last edited: Jul 11, 2013
  19. TuneinTokyo

    TuneinTokyo High-Roller

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    $100 a day. I can skip a day and go $200 for the next day, whatever I want. If I bust out, I have to go to the wife for permission for more funds and that's never fun. I'd rather sit through a time share presentation. :confused2:
     
  20. Joe

    Joe VIP Whale

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    We're very lucky. Not necessarily in gambling, just that we don't set a budget. We go, we gamble, we come home after 5 days. If it's a bad trip, hit the line of credit. Lather, rinse, repeat 5x per year.

    No Natedog budget here. I play dollar VP & my wife plays quarters. If we have an ugly trip, it just becomes OK, we'll get them next time.

    There has only been a handful of times we waved the white flag and went to the room early. Although, I did have one earlier this year.:cry:
     
    Last edited: Jul 12, 2013
    Christmas
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