As some of you know, I try to live up to my online handle of "gambler". I live in a place which has no gambling nearby, and therefore I try to make 3 to 4 trips per year to Vegas. When I am in Las Vegas, I hit the tables (especially craps) hard and play approximately 8 to 10 hours a day.
A recent blog talked about going busto and how over betting reduced that particular player's bankroll down to nothing and how they have to start building their gambling bankroll again. I thought it would be interesting how people fund their gambling accounts.
Personally, I have a bank account and an online stock account which is dedicated strictly for my gambling. I have enough money in my bank's checking account for casino markers and credit checks, and then use my online stock account for anything extra that I have. I personally like high paying dividend stocks for my gambling stock account, and one day hope to have enough money there to pay for my gambling losses. I would need about $500,000 at 4% dividends to cover my $20,000 in therotical losses per year.
Every month I place $1,500 into my gambling account. I know that this sounds like a lot of money, but this is separate from retirement accounts, normal spending, and personal investments. Gambling is my one and only vice, as I don't drink, smoke, chase women, or do drugs.
When I have enough money in my retirement accounts and personal investments to retire, I will probably volunteer a lot and continue to work part time to fund my gambling.
Well, that's me. How do you fund your gambling bankroll?