My son and I spent Independence Day weekend in the All-American city of Las Vegas. We are on our 30+ hour road trip from MN to California where he is going to work remotely for a few months.
I love almost everything about Vegas except the gambling. I’ve never had the gambling bug, but we couldn’t miss the fun since we were in Sin City. We each bankrolled ourselves $100 and headed to the ‘Pleasure Pit’ in the Planet Hollywood Casino, where we were staying.
This is only the third time I’ve done this in 10 years. I set my goal simply: double my $100 or lose it all. In 2011, on a cruise ship, I doubled my $100 playing craps. In 2016, newly retired, I lost my $100 playing blackjack. I’ve been to casinos many times besides these two times in the last 10 years but never gambled.
This time, I came home a winner. My $100 was quickly (20 minutes) doubled despite some sketchy bets. We were getting counsel from some of the other players at the table, but later we discovered that some of the situational odds weren’t quite as favorable as they had claimed.
I was happy to walk away from the table and cash in all my chips. My son was close to tripling his money at one point (his goal), but he ended up falling back to his original $100 bank roll. Since we were switching spots at the table, we both got an hour’s entertainment out of the experience.
There’s something about my personality that prevents me from being a big gambler. Perhaps it’s the same instincts that made me a good saver and practical investor during our early retirement journey. It’s said risk – like a fire – will consume you if you don’t watch it. As much as I love the colorful atmosphere, a casino is a bonfire just waiting to happen, in my mind.
How much of a gambler are you? Biggest win or loss? How do you limit your risk at the casino?
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