All Forums | Las Vegas

$2,700.00 Vegas Bankroll

...
Participants:
Search
Views: 56085
Posts: 235
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #1
I posed this question in a different forum a while ago.
Since Covers has a forum dedicated to "Las Vegas" I thought I'd ask it here.
How can you last in Vegas with a $2,700.00 bankroll?
 
Prospect
Participation Meter
Joined: Aug, 2007
Posts: 246
Posted: #2
For a weekend trip or to stay in LV and gamble for a living?

If it's a weekend trip, you'll be fine.

If you're trying to make a living with a $2700 bankroll, my suggestion would be to get a real job.  Can't make near enough money to consistently pay bills or handle the swings.  Decent bankroll management is 2-5% per bet depending on who you talk to.  That means you need to win a ton of $100 bets.
 
Veteran
Participation Meter
Joined: Sep, 2009
Posts: 1515
Posted: #3
How are you going to eat, where are you going to live??
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #4
Off the strip suites & apartments for maybe $130 weekly.
Then no Bills to worry about.
Fully furnished with fridge & stove you can spend $20--$25 weekly on groceries.
2%-5% of what's left would be a daily stake of $50-$60.
Sports bet, maybe poker stake?

 
Legend
Participation Meter
Joined: Sep, 2005
Posts: 41476
Posted: #5
Quote Originally Posted by Jayvegas420:

Off the strip suites & apartments for maybe $130 weekly.
Then no Bills to worry about.
Fully furnished with fridge & stove you can spend $20--$25 weekly on groceries.
2%-5% of what's left would be a daily stake of $50-$60.
Sports bet, maybe poker stake?

They guy in your pic looks homeless.  That will be you after 10 days in Vegas with this plan.
 
Hall of Fame
Participation Meter
Joined: Feb, 2012
Posts: 22012
Posted: #6
I was fortunate to stay a month in Vegas this past March rent free at a friends condo while he and his wife were in Florida. The only expenses I had were mainly food and gambling. I mainly bet the NCAA tourney and played some 1-2 No Limit Poker.

I will give you a month because you will have more expenses than me. That is not enough bankroll to go through a cold spell which all gamblers will face. How much do you play per wager? 50-60 a day gambling is not much.  And 25 a week for groceries will not get you much. I allotted myself between 200-400 a day for expenses and gambling. 

Winning and living in Vegas is a 24 hour a day grind.



 
Veteran
Participation Meter
Joined: Sep, 2009
Posts: 1515
Posted: #7
Only way I would do it is with 100k. $2700 not a chance
 
Veteran
Participation Meter
Joined: Apr, 2006
Posts: 3594
Posted: #8
Quote Originally Posted by Bling:

They guy in your pic looks homeless.  That will be you after 10 days in Vegas with this plan.
 
Prospect
Participation Meter
Joined: Aug, 2007
Posts: 114
Posted: #9

Jay you're severely under-capitalized right now, but that can change.

You've got your weekly nut down to bare bones and that is well done on your part. But you can't play with such a short stack in either sports or poker, the 2 best ways to make quick profits in gambling. $60 bets are not gonna cut it with a $700/month nut.

You'll have to consider your $2700 as your gambling bankroll, and I don't even think you can consider dividing it into separate BR's for sports and poker. If you can start off in sports by being very selective, your Kelly BR% could start off at 20%. This is the absolute max any superb sports bettor should ever risk on 1 straight bet. If you can hit right off the bat at 7-3 or 8-2, you could stay at the 20% level (about $550) for another few plays. The 1st time you lose 2 back-to-back you should immediately revert from this $550 flat bet to 15% BR regular Kelly wagering (resize to 15% BR after every bet). The 1st week I would try $150 short poker sessions only after a winning sports day. Remember every week you will have another losing session called rent-and-food.

The idea is to jack your BR up quickly in the 1st 2 or 3 weeks to a more realistic level. Then you can bring the Kelly % down gradually to a more realistic % when you start getting hit with more losses. With your small BR you should prolly try to keep betting at least 7% BR in the next few months. You may reach points where you will have to establish a minimum flat bet of say $300 to stay solvent.

If you lose your 1st 3 or 4 wagers you prolly lookin for a job anyway, so don't back off your Kelly. Good luck and let us know if you need more ideas. 

 
Prospect
Participation Meter
Joined: Aug, 2007
Posts: 246
Posted: #10
Here's your problem with some of those suggestions, though.  Even if you hit $700/month, what happens when you get the flu and can't bet for 2 days or you have car problems or doctor bills or need to contribute to an IRA, pet needs to go to the vet, you need to come home and visit a dying relative, etc etc. 

Those are just a small list of a wide variety of things that are no longer available given the size of that bankroll and things that would wipe out a good chunk of the bankroll, even if things are going extremely well.
 
Banned
Participation Meter
Joined: Nov, 2004
Posts: 14477
Posted: #11

I will be watching this system very close.................gl......

 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #12
Quote Originally Posted by marcbryanjacob:

Jay you're severely under-capitalized right now, but that can change.

You've got your weekly nut down to bare bones and that is well done on your part. But you can't play with such a short stack in either sports or poker, the 2 best ways to make quick profits in gambling. $60 bets are not gonna cut it with a $700/month nut.

You'll have to consider your $2700 as your gambling bankroll, and I don't even think you can consider dividing it into separate BR's for sports and poker. If you can start off in sports by being very selective, your Kelly BR% could start off at 20%. This is the absolute max any superb sports bettor should ever risk on 1 straight bet. If you can hit right off the bat at 7-3 or 8-2, you could stay at the 20% level (about $550) for another few plays. The 1st time you lose 2 back-to-back you should immediately revert from this $550 flat bet to 15% BR regular Kelly wagering (resize to 15% BR after every bet). The 1st week I would try $150 short poker sessions only after a winning sports day. Remember every week you will have another losing session called rent-and-food.

The idea is to jack your BR up quickly in the 1st 2 or 3 weeks to a more realistic level. Then you can bring the Kelly % down gradually to a more realistic % when you start getting hit with more losses. With your small BR you should prolly try to keep betting at least 7% BR in the next few months. You may reach points where you will have to establish a minimum flat bet of say $300 to stay solvent.

If you lose your 1st 3 or 4 wagers you prolly lookin for a job anyway, so don't back off your Kelly. Good luck and let us know if you need more ideas. 


I think that's a sound money management strategy.
The $2,700 would be after flight & cabs.
15% of that is $105.
I need to make $22.50 per day to have my $700 at the end of the month.
Picking at %58 - %57 would be a good start & playing the lowest limit poker, like a $2-$6 flex game & beating the game %50-%51, would get there monthly.

 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #13
Quote Originally Posted by Jayvegas420:


I think that's a sound money management strategy.
The $2,700 would be after flight & cabs.
15% of that is $105.
I need to make $22.50 per day to have my $700 at the end of the month.
Picking at %58 - %57 would be a good start & playing the lowest limit poker, like a $2-$6 flex game & beating the game %50-%51, would get me there monthly.

 
Veteran
Participation Meter
Joined: Dec, 2006
Posts: 4321
Posted: #14
Regards 2-6$ flex poker: You won't be the only one at the table playing to cover his nut. If you ain't the shark you're the fish.
 
Prospect
Participation Meter
Joined: Nov, 2009
Posts: 6
Posted: #15
Quote Originally Posted by Jayvegas420:


I think that's a sound money management strategy.
The $2,700 would be after flight & cabs.
15% of that is $105.
I need to make $22.50 per day to have my $700 at the end of the month.
Picking at %58 - %57 would be a good start & playing the lowest limit poker, like a $2-$6 flex game & beating the game %50-%51, would get there monthly.


This'll never get you anywhere besides St. Vincent's.  Do you really want to play a low-stakes game against grinders, both of the professional and non-professional variety?  Pros will know the game too well, non-pros won't gamble enough to get you any money.  The only way a poker player makes a profit is by playing against weaker players that don't mind gambling.  Wait until the weekend, hit a poker room and play $1-2, with the intention of getting up to $2-5 ASAP (rake/time is a smaller % of chips in play at $2-5).  Stay completely sober, buy in for $200 and pound on the tourists at nighttime as hard as you can.  Build your stack up to $500 and LEAVE.  You're playing for a living, so you don't need to get involved in massive pots with top 2 pair against some drunk's flush draw.  Go to a gym and work out in between sessions, and if you absolutely must keep playing go to another table or another card room altogether.  Avoid private games like the plague.  The rake is higher, the players will be stronger, and it's not as safe.  Yes, long-term you could learn the player's habits and get an advantage, but they're learning yours at the same time.   

You really shouldn't try this with such a small bankroll.  I've had friends take their shot with 5 grand and go clean in a month.  Get up between $10-20k first and then MAYBE we can talk, if you stick to just poker.  You need the bankroll not just to handle the swings, but because you just can't make enough money playing low stakes.  I've spent 6 years as a dealer, alternating between full and part-time at it, and I've seen plenty of people try.  Haven't seen any succeed yet.    
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #16
You might be right but the luck factor is huge no matter what game you play.
I have been playing holdem since '97.
There are pros everywhere in Vegas, hard to avoid them.
I don't work out but I suppose that could be a good tact!
Dumping $1,500.00 at the WSOP is not a good idea either but, I can't seem to get it aff my mind.
I agree the BR is small but some of us can'r head to the money tree in the backyard and pick off $15,000.00!
 
Prospect
Participation Meter
Joined: Nov, 2009
Posts: 6
Posted: #17
Quote Originally Posted by Jayvegas420:

You might be right but the luck factor is huge no matter what game you play.
I have been playing holdem since '97.
There are pros everywhere in Vegas, hard to avoid them.
I don't work out but I suppose that could be a good tact!
Dumping $1,500.00 at the WSOP is not a good idea either but, I can't seem to get it aff my mind.
I agree the BR is small but some of us can'r head to the money tree in the backyard and pick off $15,000.00!

I hear you about the money tree; I'd sure love one of those!  That's why I suggest working hard and saving up more first.  Yes, there is luck involved in every game, but you're working on a small roll, and if you want to make a go of it you need to increase your bankroll size quickly.  Honestly, the odds that you succeed are quite small, but you seem to understand that as well.  Would you rather suffer for 8 months and then go clean, or go clean quickly?  I'm not suggesting a WSOP visit, because the house take there is bigger and so is the variance.  The biggest advantages a cash game has over a tournament are that there's a smaller take, there's no blind pressure, and you can LEAVE when you're up.  If you buy into a tournament and build your stack from 10,000 to 30,000 you still have to sit and play.  Build your stack from 1,000 to 3,000 at a cash table and you can take that 2 grand and take care of bills for a month or so.  

If you're determined to do so, best of luck to you!  I don't root for anyone to fail ever.  Keep posting, let us know how it goes, and remember to tip your dealer!   
 
MVP
Participation Meter
Joined: Aug, 2007
Posts: 16348
Posted: #18
Quote Originally Posted by Bling:

They guy in your pic looks homeless.  That will be you after 10 days in Vegas with this plan.
wow, bling - but true, sadly 
 
Captain
Participation Meter
Joined: Aug, 2006
Posts: 7146
Posted: #19
It's t o lol
 
Captain
Participation Meter
Joined: Oct, 2004
Posts: 6768
Posted: #20
Quote Originally Posted by Jayvegas420:

I posed this question in a different forum a while ago.
Since Covers has a forum dedicated to "Las Vegas" I thought I'd ask it here.
How can you last in Vegas with a $2,700.00 bankroll?

On $2700, since you need money for food and shelter, you can last two or three months in Vegas if you DON'T gamble.  

But if you DO decide to gamble, you will last no more than 3 days.  Just make sure you have already paid for your plane ticket back home, or you will quickly look like the man in your avatar and be begging for handouts from the tourists.
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #21
What if you win 2 of the 3 days?

 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #22
And Fine, I'll change my avatar!

 
MVP
Participation Meter
Joined: Jun, 2006
Posts: 18880
Posted: #23
irinas dad gave u best advice.  how u doing?  u crusshinnn?
bigFnPOO
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #24
I'm not actually in Vegas.
I was just posing the question.
 
 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 323
Posted: #25
I'm pretty sure 25 days is do-able.
All Forums | Las Vegas
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Privacy Choices Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo
Covers Logo
Copyright © 1995 - 2026 Genius Sports. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.