How much do you take as your stake just for gambling?

I go about once a year to Vegas, stay for four days/three nights and stick to table games: 98% 21 and 2% craps. I really just wander up to the craps table once or twice a day, play the minimum on the pass/come lines and take maximum odds. My stake for gambling runs about 1.5% of my annual income. I wonder what others are willing to risk in terms not of absolute dollars but as a proportion of their income. What about you?

 

That's about right. There have been years when I've lost more like 3% (lots of bachelor parties).

 

Ugh...when I look at it this way it makes me feel like a moron for gambling lol, but in a year, I guess I would be ok with losing about 12% of my annual income (before taxes are taken out, so more like 25% afterwards). With that being said I have been pretty lucky at the casino, and usually come out ahead year after year.

 

Several days with two of us? Less than a grand. Not even a blip on a footnote on the spread sheet, but we do have significant travel and lifestyle expenditures.

 

I go for 2 week trips...twice a year. Each trip I take 3%. I don't necessarily lose 3%, I take 3%. Sometimes I actually win...like both my trips in 2016.
Oh, I lose another 6% at my local casinos in Atlantic City so a total figure of 12% seems about right for me. But that's almost all of my entertainment budget. If we eat out it's usually at a casino. If we go to a show it's usually at a casino. I guess we're just casino people...or addicts.

 

Percentage of income is not the way we figure our stakes. We take enough so that theoretically we could hit our maximum loss tolerance points. Mag quits if she gets down much more than a hundy and a half, so I take 2 bills for her. I would quit at down a grand, although I've never had to do that.

 

Of all the money I could cobble together, i take half for gambling and half for general expenses.

 

NOYB

 

We do not do by percentage but by where we are from a discretionary income standpoint. My wife and I discuss the budget a month or two out and that's it. Basically, we just determine what makes sense.

 

I typically go twice a year. One trip with my mom for 5 nights and one with my husband or solo for 3 nights.

I'm at about 10% of take home yearly and that includes 3-4 local trips. I have a really high loss aversion (on slots if I'm not hitting I'm not having fun so I do other things) so my loss is typically lower, average of about 1-2%.

 

Good question, but if you want a detailed answer, you're asking the wrong person. Got to ask my boss, aka wife.

 

Each trip bankroll comes out to about 2.5 to 3.5% of my annual income... but I maintain a 'gambling fund' account with a local credit union. The only money in there is for gambling.
Whatever I bring back goes back into 'the fund', and I direct deposit a set amount into that account from every paycheck.

I am assured at least one trip per year with this method, but I've always had at least 2 trips per year since about 2005.
Right now, my gambling fund has enough for me to take two trips where I lose the entire bankroll.

So, my upcoming August trip is covered, as well as my pre-scheduled annual trip in February.

 

1k a day for 2.

 

Yup, same here.

 

Of course that doesn't mean that's what we spend, it's just a limit.

 

1K per trip. About 5 trips per year. Average about 2-3 days per trip.
I have a Vegas fund... Any money I come home with goes in the safe to be used for future trips.

 

I never look at it from the standpoint of yearly gross income. I look at it using net worth. 2010 through 2015 went an avg of 9 times a year ish. As many as 15 trips in a year. Each time had available 3% ish of net worth. However max lose up to 1.50%.