Big Win - What Would You Do?

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May 13th, 2010 at 2:29:09 PM permalink
gambler
Member since: Jan 11, 2010
Threads: 112
Posts: 483
Let's say you win it big at your favorite Las Vegas casino. Woo hoo! Say about three times what you usually bring with you to Las Vegas. (For example, if you bring $5,000 with you to Las Vegas to gamble with, you hit a $15,000 jackpot, hot streak, etc). What would you do with your big win?

1. Put the money back into your gambling bankroll or for another trip to Las Vegas?

2. Use it to pay bills?

3. Buy something expensive to help you remember your day of glory in Las Vegas?

4. Strip clubs?

5. Triple your average bet?

6. Blow it trying to get a bigger win?

Most gamblers understand that they are expected to lose at casinos, so when they do the exact opposite and win, they go a little crazy! What would you do?
May 13th, 2010 at 2:34:38 PM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 606
Posts: 11400
You should add a bar graph poll to this one. My answer is absolutely (2). It makes the hair on the back of my neck stand up when I overhear somebody overbetting say they are doing so because it is just "the casino's money." Once you win something that money is no different than money earned. As Susie Orman would say, paying your bills and paying down debt should always be the highest priority.
It's not whether you win or lose; it's whether or not you had a good bet.
May 13th, 2010 at 2:43:56 PM permalink
odiousgambit
Member since: Nov 9, 2009
Threads: 227
Posts: 4720
Quote: Wizard
My answer is absolutely (2). It makes the hair on the back of my neck stand up when I overhear somebody overbetting say they are doing so because it is just "the casino's money."


Although I absolutely agree, is the Wizard the only man alive who can't fall to temptation? On a bar graph I couldnt pick just one, #1 and #5 would have some pull if I was honest... at least for a portion of that money!

Bear in mind Gambling has less temptation for me than some, for example I have zero interest in slot machines.

Quote: Wizard
As Susie Orman would say, paying your bills and paying down debt should always be the highest priority.


I am struggling to comprehend how that woman gets any respect from the Wizard [g]. Say it ain't so, Wiz!
"Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed." Mark Twain
May 13th, 2010 at 4:01:38 PM permalink
rudeboyoi
Member since: Mar 28, 2010
Threads: 24
Posts: 1288
I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities
May 13th, 2010 at 4:03:27 PM permalink
RaleighCraps
Member since: Feb 20, 2010
Threads: 64
Posts: 2024
Great Thread !

On a win like this (3x bankroll) I have already discussed this with my wife. We would take 30% and put it into our regular accounts, and use it for vacation, home improvement, bills, whatever. The point being we would try to get something out of it.
However, when the craps account runs dry, it gets funded from the regular account, so when all is said and done, I guess that means I just end up funneling all of the winnings back to the casino. The only way not to do that would be to quit playing, and as long as I have spare change and am able to take a breath, I want to play craps, even when the game treats me like crap.
Always borrow money from a pessimist; They don't expect to get paid back ! Be yourself and speak your thoughts. Those who matter won't mind, and those that mind, don't matter!
May 13th, 2010 at 4:07:09 PM permalink
ahiromu
Member since: Jan 15, 2010
Threads: 91
Posts: 1274
At this point in my life, I would tuck it away and make it ensure me three more good trips before I have to dig into my savings for gambling again. Personally, I have a strict line between my gaming funds (also goes towards vacations) and my necessity funds and they don't cross.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
May 13th, 2010 at 4:39:17 PM permalink
DJTeddyBear
Member since: Nov 2, 2009
Threads: 143
Posts: 8105
About 8 years ago, at around 2am, the wife hit a straight flush on Let It Ride. She kept all three up, and was playing a bit above the minimum.

The hit was around $12,700. Our starting bankroll for the two of us was around $2,000!

We went to the cage, and got a check for around $11,000. The leftover was fun money for the next day, playing with higher bets, etc.

We didn't blow it all, but we certainly had some fun with it.




Quote: odiousgambit
....is the Wizard the only man alive who can't fall to temptation?
Maybe. He's also probably a lot closer to being a 'professional gambler' than the rest of us. That said, you can understand his point of view.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood?
May 13th, 2010 at 4:51:18 PM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 606
Posts: 11400
Quote: odiousgambit
Although I absolutely agree, is the Wizard the only man alive who can't fall to temptation?


I admit I have a weakness for poker, and have a hard time getting up from a table even if I know it is a negative game, whether it be stronger opponents or the rake. I wrote about it in my May 10 blog entry.


Quote: odiousgambit
I am struggling to comprehend how that woman gets any respect from the Wizard [g]. Say it ain't so, Wiz!


Well, I only know about her because my wife watches her sometimes. From what I've seen, I think her advice is very sound. At the risk of going off on a tangent, why the animosity towards Suze?
It's not whether you win or lose; it's whether or not you had a good bet.
May 13th, 2010 at 4:56:00 PM permalink
toastcmu
Member since: Nov 11, 2009
Threads: 17
Posts: 286
Mine is a combination of 1 & 2 - if I truly hit it big, I'd want to use some of it to replenish the gambling bankroll and/or make it larger, but I love not having to deal with car notes, etc. If only I could win big enough to pay off the mortgage. ;)

-B
May 13th, 2010 at 6:15:12 PM permalink
rudeboyoi
Member since: Mar 28, 2010
Threads: 24
Posts: 1288
Quote: Wizard
I admit I have a weakness for poker, and have a hard time getting up from a table even if I know it is a negative game, whether it be stronger opponents or the rake.


i can help you with your game if youd like. ive been playing poker for 7yrs now and am a frequent poster on 2+2. we can meet up at suncoast to play then discuss hands afterwards. they only have a $3 rake there plus a $1 highhand drop. 2/4lhe, 4/8lhe, and 2/5nlhe are their usual games. just send me an email if youre interested to that same address i sent you that "Horns" basic strategy chart from.
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