Yeah. I bet they do... I'll never win big in Vegas unless its on a slot. I love to gamble. But, I feel worse losing than I feel good winning. I'm closer to the 1-2% average BR bet that Packer referenced rather than the 5-10% BR bet each hand. Betting that much (abt $300/hand for me), I'd lose 9 of 10 hands and throw up in my mouth.

 

I have a friend going into Vegas tomorrow that gambles about 50% of his net worth...lol.

 

Nate, I have heard stories from around CNY and people who will end up putting significant portions of their net worth, sometimes in one bet. Do you have any stories from things you may have seen along those lines that you would be willing to share?

 

Interesting, I've never done the math I just send a little each paycheck to an account. Turns out my BR is around 1% of my net worth. I can lose it all and nobody is going to even know or care because its my fun fund. I however do about 3% of my BR "with me" per bet, but if I am up pretty good the crazy bells start ringing.

 

Lee Trevino said, "you don't know what pressure is until you're playing for $5 and have $2 in your pocket.. to some people that is the adrenaline rush as much as drugs and skydiving is to others. Might also indicate some form of problem LOL.

 

I only know of the one guy that does 50% net worth per trip, and it is about a 200k net worth. His annual income is 200k, so he figures he can bet it. He has no family to support.

I'm sure there are some people on this board that are not as disciplined? Please come share the mentality, it is a gambling board after all....

 

I'm pretty sure I don't understand. How can a guy who is making $200K a year with no family only have a net worth of $200k? This doesn't compute to me. Of course I never went to Vegas and put $100K in play when I only had $200K.

Note: I am not claiming to put $100K in play now. Just saying that $100K gambling trips when your total lifetime savings are $200K seems excessive.

 

Because he spends every dime he has? Lol we want the crazy people to jump in! Not the ones that can't relate to them

 

Are you kidding? I know several people who make that money and don't have large savings or any savings at all. They live month to month. Nates friends mindset is hey I make 200k if I lost 100k I'll make it back. And remember, after taxes and 401k that 200k is really 120k give or take.

 

I heard on a podcast recently that Mike Sexton of WPT fame has a new book out about gambling stories - the podcast was Gambling with an Edge and his new book is called "life's a gamble".

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