ChumpChange's Blog

Building a bankroll as a business vs an individual

Building a bankroll as a business vs an individual:

https://forumserver.twoplustwo.com/showpost.php?p=40504998&postcount=47 Oct. 9, 2013

https://forumserver.twoplustwo.com/57/general-poker-discussion/starting-llc-ones-poker-career-720999/index2.html

"It occurs to me that this limits one's ability to control the size of his bankroll. If you have to pay yourself at least 50% of your profit, then spend some for business expenses, you're not adding a whole lot to a bankroll.

Johnathan Little's said in one of his books that his plan pretty much from the beginning was to play on the World Poker Tour. To reach his goal of a minimum 100 buy-ins for 10K tournaments, he grinded SNGs until he had a bankroll of $1 million (10K X 100).

If Little had been forced to pay himself half of his profits, that kind of bankroll building would have been extremely difficult.

I know next to nothing about LLCs and incorporation, but based on my experience plus some of the things posted in this thread, it just seems neater, cleaner and easier to just be self-employed and use Schedule C, unless you have some unusual circumstances."

Russ Fox weighs in: Feb. 27, 2010
"Most business entities are formed for liability protection--to protect the owner's personal assets from a potential issue with the business. That's likely irrelevant for most gamblers."
https://forumserver.twoplustwo.com/showpost.php?p=17136408&postcount=10

Casinos can't cash business checks for chips.

From the MDawg thread:
NRS 5.047 is about the take effect (October 23, 2026). The regulation basically prohibits a business entity from funding a player's gaming at a casino, with a handful of specific exceptions.
https://www.gaming.nv.gov/siteassets/content/divisions/administration/history/regulation-5.045-5.046-5.047-5.048-5.055-adp-04-23-2026-2026-eff-various-dates.pdf

https://wizardofvegas.com/forum/gambling/betting-systems/36647-the-adventures-of-mdawg-ii/119/#post987106
Seems to affect only Nevada casinos at this juncture.

It's too late for new YT slot careers.

The TRUTH About Starting A Gambling YouTube Channel Nobody Tells You - Mr. Hand Pay
https://www.youtube.com/watch?v=Crr4kM1GQzY


Balancing your losing slot sessions with YouTube monetization, it's not working. Sponsorships is what you need.
Nathan wrote about Lady Luck: https://wizardofvegas.com/forum/gambling/slots/42560-balancing-your-losing-slot-sessions-with-youtube-monetization-its-not-working/#post986553
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AI wrote:
Annual Grand Jackpot Wins on Dragon Link
There is no official, verified number of Grand jackpot wins per year for Dragon Link, but industry estimates suggest only a handful of wins occur annually across all linked machines, given odds of roughly 1 in 200,000 to 1 in 600,000 per qualifying spin

Why there’s no exact figure
Aristocrat, the developer of Dragon Link, does not publish official win counts for the Grand jackpot. Casinos also do not track and release these numbers publicly, and the Grand jackpot is awarded entirely by random number generator (RNG) events during the Hold & Spin bonus, with no fixed schedule

How often it happens
Odds: Expert estimates place the Grand jackpot win probability between 1 in 200,000 and 1 in 600,000 per qualifying spin

Frequency: In practice, this means that even with hundreds of linked machines and thousands of spins daily, Grand jackpot wins are rare.

Casino observation: One Reddit user reported that at a single venue with ~24 linked Dragon Link machines, Grand jackpots hit 0–5 times per month, which would translate to roughly 0–60 wins per year at that location

Industry scale: If a casino chain has thousands of such machines, the total annual wins could rise into the low hundreds, but still far below the number of players.

What this means for players
Because the Grand jackpot is so rare, most players will see it only occasionally, if at all, over years of play. The “Grand” is designed to grow over time before being won, which is why it often reaches multi‑million‑dollar levels

In short: While exact numbers aren’t published, the combination of extremely low odds and limited machine networks means that only a small fraction of players win the Grand jackpot each year — likely in the dozens globally, not the thousands.
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Just seeing if I can win a few Grand JP's per year. With 200K to 600K spins per year needed per win, it looks worse than Video Poker with greater debt.

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I'VE HAD ENOUGH! Am I a degenerate gambler? - Storytime Slots - Oct 1, 2026
https://www.youtube.com/watch?v=EvU5fzJt3j0


The pattern is clear to him, the Bonuses are not enough to overcome the losses, and the downward trajectory continues. He wants $1K-$2K for his time there and he's walking away empty-handed too many times. Being a slot YouTube channel needs 100K+ views per video to be profitable.

Look, when the 3 flags bonuses only pay 2X-10X your bet and they come once every 120 spins, you are behind! Just add up how many spins don't even rebate you your bet back, it's likely 75% or more. You'd have to count them up by watching your videos and see where it lands, but it's easier to tell when slot players bet $2,000/spin because every win equal to or greater than the bet is a hand-pay, and really, they aren't getting enough hand pays! Winning a 50X-150X bonus is a redeemer but may only get you back to your buy-in for the day. Keep counting how far behind you are for the year on the slots and it doesn't even put in a big enough dent to recoup the loss.

I thought these slot machines would be more generous/loose and it'd be easy to quadruple up on an 80 bet buy-in, but that may only happen once every 10 sessions, idk. If it happened once every 4 sessions, I could keep playing. I haven't played enough to know myself.

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Taking degenerate gambling/gambler to a whole-nother level! - Storytime Slots - Oct 2, 2026
https://www.youtube.com/watch?v=4KdyqpaGIXs


Hitting bottom with compulsive gambling.

I've been gambling with the same $1K-$2K for the past 35 years, I'm not in debt, but a good session win could get me back to even. But I'm already at the bottom.

How Casinos Treat You at Every Level of Wealth

How Casinos Treat You at Every Level of Wealth
https://www.youtube.com/watch?v=Tku7XhhbvE0


There is so much Spanish language karaoke noise coming from next door I can't even hear the video.

Alarm On The Farm - Pinball/Pachinko Bonus round

Akwesasne Mohawk Casino resort #4 03-30-2026 - JonSlot (French speaking slots player on the Québec border.)
Alarm On The Farm (slots) - Attack From Mars type of game
Pinball/Pachinko Bonus round
https://www.youtube.com/watch?v=jiKF3W_MxZc