Mar 12, 2009

This time next week I will be......

Drunk at a craps table....hopefully. With less than one week to go, I'm so excited I can't even stand it. I had a nightmare last night that someone stole my ATM card and withdrew all of my Vegas savings and I had to go to Vegas with only $300 for the weekend. I went up to a BJ table and ended up losing all of it in 10 minutes and then I got in my car and went back home. I woke up in such a panic that I logged onto my BOA account just to make sure. Ugh.

So now its to set financial expectations on how this trip will go this year. Eric and I had a great conversation on what is a realistic expectation on how much money you should come home with. With the amount that we gamble, can we realistically expect to come home with more money that we started? How about just breaking even? The chances are very slim as we are going against such huge odds. When you are potentially gambling for 60 hours over a course of 5 days, you probably shouldn't expect to come out ahead. That's just not going to happen unless one gets extremely lucky or just plays massive amounts of poker.

So how does this change my budget? Not too sure if it does at all? Does this change my gameplan? Probably not. It just changes my attitude on that long ride home to the OC when I'm just going over in my head how many stupid things I did during the weekend.

Onto the budget. Eric wants me to take the Obama approach to the budget with "Just spend and worry about where the money will come later." I like it.

Note: The amounts and gameplan will probably change based on the input from the readers and most importantly my brother.


Roulette ($500): Might as well get this one out of the way. And to pull a line from A-Rod, how can I be honest with everyone else if I can't be honest with myself. Enough is enough. I'm done budgeting a low amount realizing that every year Wiz and I lose a ton in about 2 minutes. And I can't seem like the victim anymore. I love doubling up on Black. LOVE IT. Its more exciting than any other gambling moment...watching that bitch ball go into the black slot and then bouncing into red. WOW, so exciting despite losing a ton of money. So I'm probably going to stop playing my usually numbers and hold out when Wiz and I are left alone unsupervised to unload my bankroll here. Why am I such a sucker.

Sportsbook ($300): My strategy worked last year and I will go with it again. Small wagers and limit my exposure in this arena.

Craps ($1500): Subtracted $500 to this years budget which worries me since we had so much fun last year and now we have Jay and Laura in the mix, Kermit teaching his girl how to play, Mike and Don sneaking off to play by themselves, Wiz and I playing $25 tables, and Eric going over to Casino Royale to avenge his loss from last year. Just thinking about it, how many hours out of the trip will we have someone playing craps? I'm setting the over/under will be 75 hours.

BJ ($600): Worked out pretty well. All I need is one really good run and this budget should be fine. I over budgeted in this category last year since I really didn't take into account some big runs that I had. Also, the limits will be lower this year so I don't have to plan on only playing at $25 tables.

Pai Gow ($300): Never had an issue with this low amount, despite playing at $25 tables. And someone has to teach me how to win lots of money at this game. When I do well, I'm only up like $100, while my bad streaks can be damaging.

Ultimate Texas Holdem ($300): The X factor. Really. If we have access to $5 tables, then this will be more than enough, but at a $10 table, this could be gone in minutes. I love this game so much that I might have to re-budget after Thursday.

Wheel of Fortune ($200): Once again, why bother lying to myself. Especially since the Wheel is right outside of the elevators, so I'm sure I will camp out there while I wait for others to come on down.

Video Poker ($100): It seems like this is the biggest drain on my bankroll. Its always amazes me how much I spend on Video Poker. Trying to reconcile the day always is frustrating because I tend to forget about $20 here and $20 there that I dropped into the Video Poker machine at the bar.

OK, so I think this is looking OK since this falls into my budget for the cash I will have on hand. It allows me some wiggle room if things go south as I have a pretty solid reserve amount ready to be activated if I have a really bad run.

I would love any feedback if you guys have any.

4 comments:

laurad said...

Only $300 for the sportsbook? You must have had some bad experiences in recent years. Seems a bit low, though. I have to imagine that you'll have at least that much in play on cabana day alone. And just wait until I sucker you into putting $100 on the TCU Lady Frogs over Rutgers in a classic 7-10 women's matchup!

laurad said...

And I thought you were planning to play some Hold'em on Friday...

Layup said...

I know I call it a budget, but its actually loss limits. If I loss $300 in the sportsbook, I'm done.

And yes you are right. I forgot poker.

mer said...

Just remember to call me when you're playing the don't pass line