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Losing At The Casino: How Much is Too Much?

If gamblers didn't lose, then we wouldn't have any casinos. It's the losers who prop up every gambling business. So if you're feeling bad because you're losing at the casino, then don't feel too bad. There are a lot of people like you.

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What’s a Reasonable Amount of Money to Lose per Hour Gambling?

We get it. We understand that no one wants to admit that they’re losing at the casino. And yet losing is a major part of casino gaming. Not in the sense that it’s money wasted, as some might say. But the all-important factor is that you had a good time. Money gets spent on all sorts of activities and pastimes. So your spending at the games table looking for jackpot winning strategies is no different. Of course, it’s important to decide beforehand exactly how much you’re happy to splurge.

Be Realistic About Your Spending Power

Now, when you’re winning, you have no need to stop. You feeling good and all is right with the world. A gambling budget is there solely to control your losses. It’ll stop you from spending money that should be earmarked for other things and obligations. You know how much you earn each month. You also know how much work that paycheck takes to be earned. So, before you go out to the sports bookmaker or the casino, have a think about just how much you’d be happy to lose. That is, a sum you will not beat yourself up about when the morning comes.

Check out the Drops & Wins at Casinoin.io

If you venture out to the sports arena on a Saturday afternoon to watch the ball game it’ll cost a fair whack. Say $50 for a seat. Add some drinks and snacks into the mix and maybe your overall spend will be around $150 including getting there. On the whole, trips to the casinos to win the jackpot is going to cost a lot more. Maybe dropping $500 in an evening is perfectly doable for you. Or maybe you need to roll slightly bigger and can afford to drop $2,000 on an evening at the games table. The bottom line is to ask yourself just how much you willing to pay to be entertained and how long you want it to last? These simple questions will make you a better gambler.

How Many Hours Do You Want to Spend in the Casino?

If you’re planning a trip to the casino, this should be the very first question you answer. Yes, we know it might make a difference depending on how long it takes to get there. Obviously, a short trip within the State is very different from catching a flight to Las Vegas.
We ask this question because the amount of time we are going to spend there will have a direct correlation to our budget and bankroll. For example, if you only have a bankroll of $3400, then your best bet is to head over to the games table and play a few rounds of blackjack. To lose $300 is going to take a while, so you’ll be having fun for the maximum time your budget can stand.

But if you planning a bigger trip which will include some more serious travel and hotels, then you might want to increase your budget accordingly.

Losing At The Casino: Playing in a Local Casino May Make a Difference

Keep in mind that the quality of time you spend in a casino is directly correlated to how far you are away from home. If it’s a local joint then you can just pop in and out whenever it suits you. but a longer drive, across state lines, will mean that once you arrive, you’re going to be playing pretty much non stop to “make up” for the journey time and other associated costs.

Subtract Meals and Other Expenses Before Calculating Acceptable Losses

Don’t be that gambler who goes home on an empty stomach because he forgot to leave some money for food later in the evening. This is a very common scenario. And many of these gamblers promised that they would conduct themselves with good money management. Yeah right! Keeping track of your money means just that. There’s no excuse to run out of funds for other purposes. As a general rule, if you’re allowing yourself $100 a week for gambling fun, then you should straightway knock $20 off for food, beverages, and gas for the car. And that’s if the casino is next door! Further afield, then allow more.

Losing At The Casino: Assume a 4- to 8-Hour Gaming Budget

As you’re the only person who really understands how you like to gamble, then go ahead and adjust this formula as you see fit. Remember that most folks spend between 4 – 8 hours in the casino. That doesn’t just include gaming. It also takes into account, meal times, taking in a show, walking the floors looking for tables or slot machines to play, along with chatting with strangers and toilet breaks. So, if you’re willing to spend $500 per night, then that translates into $80 per hour. So slightly more than $1 a minute.

Calculate How Many Bets You Make per Hour

Let’s be real here. Assume that you’re losing at the casino more than you win. The last thing you should ever do is try and budget for wins. That will always end badly. Now, if it’s a slow day at the casino, you can always burn through 100 x hands at blackjack in under an hour. we can assume that there’s a slight positive bias leaving you to win half those hands. If you’re paying $10 a hand, then your stake should be about the same. But if the game is going against you, then losing over £100 will be a certainty. In fact, most players lose around $100 per hour if the table is against them.

With roulette, you should be getting around 45 – 5- spins per hour. Now if you’re smart and offset some of your riskier bets with some outside wagers, then you should budget for a burn rate of around $150 per hour, while also increasing your jackpot winning chances. Obviously this depends on other factors, like the number of players around the wheel. Good advice for playing slot machines is to divide your bankroll into half. Then stop playing when that half has been exhausted.

Stretch the Time Out If You’re Losing Faster Than You Anticipated

Let’s suppose that you can live with losing $150 in the first hour. But suddenly your down to $300 in the first 15 minutes. At this juncture, you really should take a break. A lot of newer players think that aggressive bets are the way to go. Nothing could be further from the truth. You’ll be happy to save some of that dough for another night, as opposed to watching it all disappear with big and brassy bets. Always pay attention to the time you’re spending gambling. If you’re unaware of time passing whilst playing, then all the budgeting in the world will not save you from over-spending. It’s possible to be down simply because you’ve been playing longer than you realized.

Losing At The Casino: Winning is Easy. Losing is Hard Work

If you’re at the casino with friends, keep an eye out for them. If you see one of them losing faster than expected, don’t hesitate to go over and invite them to take a break. Sometimes a small interruption is all that’s needed to wake up someone who’s getting tunnel vision syndrome. They are becoming obsessed with these small losses and as a result, fail to see the bigger picture. Go for a walk with them. Have a drink. Get them to relax.

Conclusion: Losing At The Casino

Nothing sucks quite like losing at the casino. And more especially if all your mates are knocking it out of the ballpark. You can’t really ask the other players for a comp $100 to see you through. So it might have been better to practice good money management in the first place. Try and budget your bets so that the money lasts. Even if that means that you stop playing all-in poker and start to hit up the 25 cent slot machines.