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Bank Roll management strategy

Discussion in 'Misc. Vegas Chat' started by Whatedsaw, Jul 15, 2021.

  1. K-9treatbaker

    K-9treatbaker VIP Whale

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    Like others on here, I use the envelope system but I take it a step farther.

    First, my gambling budget is usually about $100.00 a day, maybe $150.00.:eek: I know, sad isn't it. LOL I also have an envelope for food etc.

    I only play slots, and will start with putting a $20.00 bill in. When and if I get that $20.00 turned into $30.00 or more, I cash out, put my original 20.00 back in, put my 10.00 or plus winnings in my pocket, and see what happens when I start playing again. I repeat the process, with any win 10.00 or more. Now, what I do next is, I will take half of my winnings, put that in my little black gambling box, and then decide what I want to do with the remaining winnings in my pocket. My husband laughs at me, rolls his eyes, when I do this, BUT, I have a blast playing the slots and doing this. It's the little things in life that excite me. LOL

    My black gambling box, makes sure I go home with at least some money. Because once the money is in it, I can't get it out, until I get home.:hmmm: I do have discipline when it comes to not chasing bonus' and putting winnings aside, but this just ensures I don't get weak. LOL Hubby gets weak. Teehee....

    This so called "system" of mine, allows my meager bankroll to last longer, most of the time, and when I have gone through like maybe 50.00 and haven't hit anything worth writing home about, I get up, walk around, and find something else to do for awhile. Like get outside and get some sun and fresh air. LOL

    On my last visit to Vegas (1.5 years ago) I actually was up about 100.00 every day for my 4 day trip:lock:. Gambling budget was much less than $100.00 a day that visit. The best luck I had, that trip, was at the Plaza and the D. I had about $250.00 in my gambling box, and another $100.00 in my wallet, after meals, drinks, etc. were paid for. For me, that was a winning trip.

    I need to get back to Vegas and put my system to work. LOL:kill:
     
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  2. LVRaiders

    LVRaiders VIP Whale

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    Envelope system always works.
     
  3. wagon b0y

    wagon b0y High-Roller

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    I usually take 5-8k on a 2 night trip. I'll take 3k down with me the first day/night. Thats the most i'm willing to lose on the frist day. If its going bad i'll stop and do something else then try again later that day. If i'm down 1500 i'll get another 1500 from my stash for the 2nd day to start again with 3k in my pocket.

    I'll use this cash for food/beer if i can't room charge also.
     
  4. carolineno

    carolineno VIP Whale

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    I really like your system @K-9treatbaker ! It sounds much more scientific than my “walk around and see what happens” system. I will have to try yours!
     
    A low strip trip? Could be….
    Using up comps walkabout! Fingers crossed!
  5. K-9treatbaker

    K-9treatbaker VIP Whale

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    I think the reason my "system" seems to work more often than not, it makes you play slower. And I actually get up and go to a kiosk to cash out tickets. I just have either my husband or a slot attendant watch my machine if hubby isn't around. I tip the slot attendant a $1.00 for watching the machine.

    I learned this system by reading a book from a professional gambler, that always said "Take Your Money Down". Now, he was a table player, but I just incorporated his method for the slots. It works.

    Another thing that I always remember from this book, should you get a good win (whatever your definition of that is), it is YOUR money, not the casino's. Example: Say you hit a $100.00 on a spin. So many people think, "Oh, that is the casino's money, free money, so I will keep playing." Granted, that may be somewhat true, but if you cashed that out, YOU have the money, not the casino. LOL Before reading the book, I had never thought of it that way.

    Sadly, I don't remember the name of the book, and now it would really be outdated, but I guess money management never gets out of date. If anyone wants the name of the book, I will try and find it. If I saw it, I would remember it, I think. LOL

    Yes, that black gambling box really helps me. Amazon sells them, if anyone is interested.
     
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  6. vegas superfan

    vegas superfan VIP Whale

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    I was going through some of my old trip reports recently and my system was similar to yours. It is crazy to read that now. But it 100% worked.
     
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  7. AndyG

    AndyG Tourist

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    This is more like a table game strategy; I buy in for 20X the table min.

    Split the buy-in into two stacks, one stack stays close to the rail ( "take home stack " )
    the other stack is for playing the game.

    As I play from the front stack I am riffling the chips not being used ( amazing what videos you can find on Youtube like how to riffle casino/poker chips ), 4 or 5 in each hand. If I get too many chips to riffle with my hands ( I have small DJT like hands ) I will take 5 and move those back to the take home stack.

    Keep playing until either my wrist gets sore from the riffling or have no more chips left in the front stack. Can't really do this with Craps or Roulette but should work with any other table game. This way either I leave a winner or I've lost at most 50% ( assuming I don't have to borrow from bottom stack for a double down or split hands ).

    Andy ..

    PS. One of the greatest accomplishments a father can have is showing your kids how to riffle poker chips with the proviso of not telling your mother ..
     
    First time back since June 2019 ...
  8. Renaldow

    Renaldow Low-Roller

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    These posts have been interesting to read, I like seeing what everyone's doing.

    I only go for 2-3 nights, and apparently in 2021 I'm going fairly often. I don't like playing table games, but I do like playing the machine versions of some games, like roulette or VP. I generally don't drop anything less than $100 in a machine when I start. If it falls to $75, I cash out and find a new machine to play, putting that ticket in my left pocket and starting with a new $100. If it goes up to $125, I cash out and stick the ticket in my left pocket and put another $100 in if I want to keep playing that machine. When my daily budget of cash is up, I cash in the tickets in my left pocket and see where I'm at.
    It's a simple cash management strategy, but it works for me. At worst, when I 'bust', I still have about 3/4 of my daily in the form of tickets and that gives me the time to get something to eat, look at what I've been doing and decide what I want to do with what I've got left. That break is extremely helpful.

    Another thing I've found that works for me is that I put everything else on a card. Food, incidentals, etc. Cash is strictly for gambling.
     
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  9. Raven888

    Raven888 High-Roller

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    That's generally what I do, too. Cash is for gambling and tips. Gotta use those MLife/CET credit cards for those bonus reward points!
     
    Vegas Vacation VIII - Chinese New Year 2022
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  10. Renaldow

    Renaldow Low-Roller

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    Yeah, exactly! I figure if I bust out, at least I can still go have a nice meal and some drinks to assuage my losses. I've seen couples counting change trying to buy $1 hot dogs and decided that's not for me.
     
  11. bluesdude

    bluesdude VIP Whale

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    This! Our BR is strictly for gambling. Everything else is on a card.
     
    November 5th - 9th George Thorogood
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  12. MikeOPensacola

    MikeOPensacola El Jefe

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    The vast majority of my trips are 10-12 days so I have to be really disciplined with my BR. Each morning I’ll put seven Benjamins in my wallet for gambling; food and incidentals either get charged to my room or on the CC, that way I can track my gambling wins/losses more effectively. With slots I’ll play until I get a bonus that puts me above my buy in, usually $100, and then cash out my TITO at the kiosk. $100 bills go on one side of my wallet divider and all the 20s, 10s, 5s and 1s go on the other side of the divider. If I’m losing at slots I’ll usually run my buy in down to about $30 before cashing out. After each slot session I immediately head for the TITO kiosk. Same thing with table games but my buy ins are bigger and I’ll play longer if things are going well. I’m a hit and run player because it helps me slow my roll.

    I bring two wallets with me, my everyday wallet and my travel wallet. At the end of each night I’ll put all the $$$ that I have left from that day in my everyday wallet and leave $700 in my travel wallet for the next day. One thing that has really worked well for me is that I never cash in all my small bills for Benjamins. Once I’m out of $100 bills for the day I’ll shut it down, regardless of how many assorted bills (which can be more than my daily BR) on the other side of my wallet divider, I just save them all and take them home to get a head start on my BR for my next trip. Most of my trips all my small bills easily top the $1500 mark, sometimes double that. Those small bills, regardless if you’re winning or losing, add up significantly - especially if you’re cashing in a lot of TITOs or cashing in chips at the cage after each session.

    At the point where I lose more than half my daily BR I’ll really slow things down. Usually I’ll lose my daily BR about once a trip, but that’s it. If I’m having a good trip, or even an even-ish trip, I’ll usually slow roll it the last day or so.

    I’m enjoying reading all of these strategies and agree that any type of game plan, or discipline, is a great first step.

    :beer: :beer: :beer:
     
    Dec 23rd - Dec 26th
    Last Solo Trip of my bachelorhood. Wedding is set for June 2022.
  13. topcard

    topcard Vegas Has Re-Opened!

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    Mine is simple. I budget $700 a day for gambling. I use ATMs to limit myself.
    The only way I can gamble more than $700 in one day is if I have winnings (or have $$ left-over) from a previous day.