Welcome to Vegas Boards!

The only Las Vegas Message Board and forum built by enthusiasts for enthusiasts.
Join today for free!

Credit Line vs Net Worth Ratio

Discussion in 'General Vegas Talk' started by Chicken Dinner, Jul 31, 2016.

  1. Chicken Dinner

    Chicken Dinner
    Expand Collapse
    Junior Member
    Founder's Club

    Joined:
    Feb 6, 2016
    Messages:
    312
    Likes Received:
    99
    Location:
    Boston
    Trips to Vegas:
    8
    50k a hand...
    How much does one's net worth have to be to bet 50k a hand? At least 50 million? 50k a hand and a bad afternoon could lose you a million dollars easy.
     
  2. shifter

    shifter
    Expand Collapse
    Degenerate Gambler
    The Chairman

    Joined:
    Feb 1, 2016
    Messages:
    2,532
    Likes Received:
    3,032
    Location:
    At The Tables
    Trips to Vegas:
    50
    Net worth and credit line are not necessarily related.

    You need a 650k line to bet 50k at most properties.
     
  3. Chicken Dinner

    Chicken Dinner
    Expand Collapse
    Junior Member
    Founder's Club

    Joined:
    Feb 6, 2016
    Messages:
    312
    Likes Received:
    99
    Location:
    Boston
    Trips to Vegas:
    8
    Interesting. But I was meaning how much would someone have to have to his/her name before betting 50k a hand. If I had 650k to my name I sure as hell wouldnt be putting up 50k a bet.
     
  4. natedog666

    natedog666
    Expand Collapse
    17 and 20
    VB Syndicate Founder's Club Platinum Linker

    Joined:
    Feb 4, 2016
    Messages:
    807
    Likes Received:
    1,201

    After talking to a few people I've gotten surprising answers on credit line and net worth. Might be worth an interesting thread.

    I think you should have at least 100x your credit line in net worth, but turns out I'm in the minority.
     
    • Like Like x 3
    • Agree Agree x 2
  5. GlenBaccarat79

    GlenBaccarat79
    Expand Collapse
    Unlike poker, folding is the only way!
    Board Dweeb Founder's Club

    Joined:
    Feb 5, 2016
    Messages:
    1,369
    Likes Received:
    352
    Tropicana had a $50k max 'off the street' table limit for the past several years in Atlantic City. That is where Don Johnson won the $15 million or so playing bac and BJ.
     
  6. GlenBaccarat79

    GlenBaccarat79
    Expand Collapse
    Unlike poker, folding is the only way!
    Board Dweeb Founder's Club

    Joined:
    Feb 5, 2016
    Messages:
    1,369
    Likes Received:
    352
    If you really wanted to wager $50k a hand, C.P. and Bellagio has $500/25K tables, bring a friend or family member.
     
  7. GlenBaccarat79

    GlenBaccarat79
    Expand Collapse
    Unlike poker, folding is the only way!
    Board Dweeb Founder's Club

    Joined:
    Feb 5, 2016
    Messages:
    1,369
    Likes Received:
    352
     
  8. Dreamsh!t

    Dreamsh!t
    Expand Collapse
    Love craps, and beer!.
    Founder's Club

    Joined:
    Feb 7, 2016
    Messages:
    341
    Likes Received:
    261
    Location:
    Nebraska
    Trips to Vegas:
    23
    How much credit and or net income is only a part of the equation.

    You also need these!



    You must be a registered user with confirmed email address to view this content.
    Register or Login
     
    • Like Like x 3
  9. natedog666

    natedog666
    Expand Collapse
    17 and 20
    VB Syndicate Founder's Club Platinum Linker

    Joined:
    Feb 4, 2016
    Messages:
    807
    Likes Received:
    1,201
    Net income would also be a factor. I think a person can gamble away 20% of his net income without it becoming too big a problem.
     
    • Like Like x 1
  10. bigalbr

    bigalbr
    Expand Collapse
    New Member

    Joined:
    Jul 16, 2016
    Messages:
    23
    Likes Received:
    6
    Trips to Vegas:
    12
    Does this mean 100x is too much or too little? I'm in agreement with you that putting up to 1% of your net worth in play is not dangerous regardless of income.
     

Share This Page

Loading...