So to sum up my strategy for gambling, the way to maximize my time at the table for the amount I am losing is to put a limit on daily losses. As an example, I will use my just completed trip to Las Vegas as an example. My limit for this trip was $300 a day.
So day one, I played for 2 hours and lost $40 before getting tired and going to bed.
Day two, we went to watch a hockey game at a sports bar before hitting the casino. At the casino, I lost $300 in a total of four hours of play. My total loss for the trip is $340.
Day three, we played Craps for 2 hours after breakfast. I won $300 in that morning session before losing $400 in the afternoon. That means I am down a total of $440.
Day four was Saturday. I wound up losing my full $300, meaning I was down $740 for the trip.
On Sunday, I needed to play slots to earn some comps. I wound up winning $182 on slots before we had to go pickup my mother in law at the airport, and her flight was delayed by 4 and a half hours due to storms in Orlando. I found a Craps table at NYNY and won nearly $1,500.
On day six, I played for just a little bit before heading to the airport and won another $100 and change.
So I began the trip with $1,500 in gambling funds and got back on the plane home with just under $2,400. Not bad for a 6 day trip.
We flew from Orlando to Las Vegas for $400 each, round trip. We checked into the Park MGM. The first four nights were free because of comps.
In total, we spent about $750 in food and alcohol, mostly because we had some comps.
One thing that I want to mention is comps. Those are the free perks that you get for gambling. We stick with the one that gives us the best offers. In our case, that is MGM Resorts.
In this case, we stayed in the hotel for 5 nights at a total cost of $223. I had gotten comped 4 nights for just the cost of resort fees. We also got $200 in free slot play and $100 in free food and drink. I get offers for comped stays 4 or 5 times a year. Sometimes with comped resort fees, sometimes not.
What this means is that we spent under $1,800 for a 6 day, 5 night vacation. Factor in the money won at the table and it was even cheaper.
We went to street party for the Las Vegas hockey team and ate some pretty good BBQ ribs, saw a couple of shows, and did a bit of sightseeing. I got to see an obviously rich Chinese guy take out a $100,000 loan from the casino to gamble with. Saw a fight, got in a fight, and had a pretty good time.
Now I am getting on the plane to go home back to work while my wife is staying in Vegas with her mother for a few more days of mother/daughter time. Now to get some sleep on the plane. I won’t be home until 4 am.
1 Comment
SiG · June 15, 2021 at 9:36 am
I have to say that I never really found gambling entertaining, and never spent any time at it. Growing up, though, my dad was a big fan of horse racing and we went to the track many times.
His attitude was much like yours. Consider it entertainment and realize the only one who wins every day is the track (the House in your case). In those days, the state guaranteed the tracks 18%. For the average guy at the track, he’s doing well if he walks out $20 ahead, over his cost of admission, parking and all. That was in the mid-70s, so that’s a few hundred bucks today.
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