Gas Tanks vs Gambling Bankroll

I'm putting this in this category because I think it fits even though it's not an actual gambling system.

Bill Ryan said this in the discussion about car batteries and I think it applies to gambling bankrolls or the actual money we take to the casino on an excursion:

Quote: billryan

Just don't be the type that panics when the fuel shows a quarter tank.
link to original post

So here's the question at the casino: do you stop when your money for that trip is down 75% or do you keep playing?

Based on previous discussions I think APs would say they keep playing because they believe they still have an edge even when losing.

Non APs might keep playing as well because money brought to the casino might represent to them the loss they are willing to take.

Or, are you like a motorist who looks for a gas station or stops driving when the gas gauge gets too close to E?

Do you treat driving your car differently than gambling in a casino?

My bankroll and the money I might have on me are two different things.
If I walk into a casino to gamble $200, I might have $800 on me but I'll play normally until the $200 is gone. Hopefully, then I will leave.
With gas tanks, I must have run out of gas a dozen or more times when I was younger. It's been a few years but I still tempt fate. My Mazda has a 13.7 gallon gas tank and I've put over 13 a couple of times. Out in rural America, you can go twenty-thirty miles without a gas station so I generally fill up at the start of any long drive.

I'm the kind of person that starts to sweat when the "estimated miles remaining in the tank" meter goes below 100, even though I only have a 30-mile round-trip commute. It probably stems from the days when it was an 80-mile commute.

As for gambling bankroll, I usually hardly make a dent in mine, but I am in the "this is my bankroll for this session, and I am willing to bet it down to zero - well, down to where it would be zero after I tip the dealers" camp.

Quote: AlanMendelson

So here's the question at the casino: do you stop when your money for that trip is down 75% or do you keep playing?
link to original post

For the casual player who might get too caught up in the action, I recommend filling up the gas tank before they go in to play. Out here in the sticks, it's usually a long drive home, and there is usually a gas station 2 blocks before the casino.

I have met too many players who went broke on the slots and forgot they were (almost) out of gas.

If it's a half day excursion, just take in what you can lose. Leave the ATM cards and a little cash locked in the car, if you question your self control. Having to hoof it to the parking lot to rebuy can help curtail a losing streak, or help you recognize that the fun already stopped today.

I trust that pros and anyone going on multiday excursions have the cash management skills to figure out their own methods.

Without diving too deep into lucky voodoo doodoo, if you lose half your budget in the first quarter of the time you planned to play, accept that it's not your day and go for a walk in the park or something.

I usually buy in for $200 or $300 at the Blackjack table. If I’m having a bad night I play till I run out of money, because there’s been many times that I get down to my last minimum bet and come all the way back to break even or win money. On the other side of the equation, if I’m having a good session, I quit when I’ve doubled my buy in, as I don’t want to be greedy, figuring that the house edge and the odds will catch up to me eventually.

When your gas tank gets too low, buy a new car as they always give you a full tank.

Quote: DRich

When your gas tank gets too low, buy a new car as they always give you a full tank.
link to original post

I think it may be a better deal to hire someone's poor old grey-haired daddy to drive you around and keep the tank full.

Quote: Dieter

Quote: DRich

When your gas tank gets too low, buy a new car as they always give you a full tank.
link to original post

I think it may be a better deal to hire someone's poor old grey-haired daddy to drive you around and keep the tank full.
link to original post

Yes, but a new car every month or so sounds nice. I am only using about one tank a month now.

Dr. Hook! That's one from the vault.....

Quote: DRich

Quote: Dieter

Quote: DRich

When your gas tank gets too low, buy a new car as they always give you a full tank.
link to original post

I think it may be a better deal to hire someone's poor old grey-haired daddy to drive you around and keep the tank full.
link to original post

Yes, but a new car every month or so sounds nice. I am only using about one tank a month now.
link to original post

Doing the paperwork down at the dealership on the second Saturday of every month may cut into your free time a bit.
If you find that is the case, you may want to just let the tech in the oil change department fill up the gas.
I believe their fuel rates are competitive with what you'd pay at an airport rent-a-car place for bringing it back with less than a full tank, or what they pay up in Canada.