Do you seperate your gambling income from your net worth?

[Journeyman]

When you say 'bankroll' is this just your gambling bankroll or your total cash?

Another words, say you have 100K in the bank to your name, would you consider this your bankroll and wager 1% of that (1 dime per game) or break it down ?

I guess professional gamblers would consider their entire net worth as part of the 'roll' :digit:

 

[WorldRunner]

I break up every single thing I ever do with money. I'm a micromanager... I keep books on every source of income I have them all setup as separate accounts and as totally separate reports.



If I somehow lost my entire bankroll then I'd have to write it off something else if I wanted to have another one.

That's just how I do things though...

 

[Glaken]

I pay the Bills, IRA's, 401K, and place a few more $ in the savings account for those "you never know what will happen moments" then I will start a bankroll; thankfully I havent had to make too many deposits, only withdrawals....but after yesterday this trend may change.

I guess the answer to the question is no....that would require an admission of guilt or at best a disclosure form from Nevada and the IRS. Its baisically play money.

 

[harrington]

Gambling roll is seperate from my net worth.

 

[WorldRunner]

Oh...and speaking of money...i pay more money on monthly bills than maybe any man (Per $ of net worth) in the country. It's really unbelievable.

 

[Glaken]

World, how many girls are you hiding from each other? LOL....I read Howard Hughes' auto-biography several years ago, he had about 6-8 girls in apatments all over LA.

Good Luck Howard

 

[Journeyman]

WR what does that mean exactly...How do you know this?

Bold statement;

"i pay more money on monthly bills than maybe any man (Per $ of net worth) in the country. It's really unbelievable."

 

[Journeyman]

I bet Howard Hughes wasn't a happy person though...

 

[lander]

I don't know -- there has to be a sh*tload of people with negative net worth out there that are living paycheck to paycheck ..

 

[PeteRoseJR]

not on the internet lander....you mean everyone is not a millionaire who posts on the RX..It will be funny at the bash to see who really talks the talk and walks the walk so to speak......

 

[jjgold]

I pool it all and that means rent money too if I have to. When you like a game a real gambler will dip into general life account to try and make money. Yes it is pressure. I need every penny I can get my hands on to bet so I use it all.


Makes it more fun

 

[Piranha]

I would say my bankroll would be 5% of my net worth.

 

[lander]

Pete,
I spent the weekend in your old hood ... didn't even have time to exchange back ... would have made me miss kickoff .. lol

 

[WorldRunner]

WR what does that mean exactly...How do you know this?

Bold statement;

"i pay more money on monthly bills than maybe any man (Per $ of net worth) in the country. It's really unbelievable."

I have so many bills man... It's unbelievable.

I could name 30 companies I pay on a monthly basis. I'm talking about personal stuff only not business expenses.

 

[PimpinAintEasyBros]

I don't know -- there has to be a sh*tload of people with negative net worth out there that are living paycheck to paycheck ..

Classic case of projection. Good luck with your financial situation, guy.

 

[oldmanTED]

My bankroll is always kept separate and distinct in a separate bank account from all other financial holdings or income sources. "Gambling Income" is not part of net worth. It is income like any other form of income one earns. Net worth is the difference between one's gross value subtracted by their liabilities.

 

[Fishhead]

I could do a 3-hour seminar on this subject.

 

[THE SHRINK]

I could do a 3-hour seminar on this subject.

I'd LOVE to hear it...:smoker2:

 

[lander]

Classic case of projection. Good luck with your financial situation, guy.

Thanks PimpinMen. One of these days I'll muster up the "courage" to post that I am a self-made millionaire that has to fight off 20 year-old hottie after 20 year-old hottie. If I'm feeling exceptionally "brave" I'll even boast about my successful businesses and all the sophisicated milf's that I've hit.

I will do my best to POST of this business mastery in common ebonics ... you know, because the two are highly "corralated."

Some people have a dollar and a dream -- I have a post and a dream.

 

[THE SHRINK]

Lander,

You have a post and a dream?

I didn't realize your net worth was that strong....:lol: