Generally, you’ll see me live streaming from a casino on my YouTube slot channel at least once per week (sometimes more), playing high-limit slots, and max betting at almost every opportunity available. In fact, I’ll be live streaming from Atlantis Casino Resort Spa in Reno tonight and tomorrow, spending close to $20,000 on slots each time. But how can I afford to keep spending so much money, week after week without concern? And what’s the point when it would become a concern? I’m more than happy to let you know.
If you’ve read this previous blog post, then you already know that – about 99% of the time – casinos are not paying me to play at their venues, and slot machine companies are not paying me to play their games. Instead, I make a ton of money through my main lines of work (which I’ve also discussed here in this blog post) and more recently, from my massive spends and returns on day trading (which I also live stream about daily on my other, day trading YouTube channel).
But even with all that income, I don’t have an unlimited amount of money to spend on slots. It’s a lot, to be sure, but it isn’t infinite. Most of my casino visits are local here in Colorado, where I live, but I also do get out to Reno (like tonight and tomorrow, as mentioned earlier), as well as Atlantic City, Hollywood, Punta Cana, Deadwood, and recently, Choctaw, plus a whole lot more. For most casino visits like those, I generally budget between $10,000 and $20,000 per day, and if you look at my online calendar, you can see that I probably play around 10 days per month, so that could be close to $200,000 in any given month. And, as I always say, most of that money will actually be lost playing slots. Nobody makes money playing slots long-term. We play for fun, not for profit.
You also probably noticed that I try to get to Las Vegas around once a month. Now, for Vegas trips, the hype is greater, so the stakes are higher. For my monthly Vegas trips, I tend to budget closer to $100,000 for slot play on each multi-day visit. And sure, I’ve hit some massive jackpots in Las Vegas, but add it all up, and there’s no doubt about it: It’s still a net financial loss in Vegas, just like everywhere else.
So, I guess that pretty much sums it all up. With $200,000 to spend per month on local and smaller casinos, plus another $100,000 to spend per month in Las Vegas, I’m budgeting about $300K for slots every single month. Sounds pretty crazy, right? And I guess it is! From time to time, I do go over that budget, since I can still afford to go significantly higher if need be, but I certainly don’t want to do it all the time. Keeping fairly consistently at $300,000 per month is a good way for me to ensure that I never, ever get in over my head. So, whatever your budget is (no matter how big or small – there’s no shame in any amount), please be sure to do the same, and gamble responsibly. Only bet what you can afford to lose!