Читать книгу Casino Gambling For Dummies - Swain Scheps - Страница 95

IN THIS CHAPTER

Establishing and adhering to a budget for your gambling trip

Understanding casino credit

Recognizing the danger signs

Remembering Uncle Sam — taxes and your winnings (and losses)

A good accountant will tell risk-taking clients that “Pigs get fed. Hogs get slaughtered.” This adage is applicable to gamblers tackling the tables as well as taxpayers dealing with the IRS. Greed and gambling are two words that go together like peanut butter and jelly, and they’re just as likely to get you into a sticky mess.

When blinded by the possibility of winning more, you can easily end up blowing your gambling bankroll (money set aside just for gambling) in one evening — or faster. The prospect of striking it rich in the casino may make you forget that you have other financial obligations — paying the mortgage and feeding your children, to name a couple. I’ve heard and seen too many horror stories about individuals whose dream vacation to a gambling destination turned into a nightmare when they frantically began throwing good money after bad to make up for their losses early in their getaway.

This chapter is about being sensible with your money — the cash you come with and (hopefully) the money you win as you go along. You’ll get some no-nonsense advice that any accountant or financial counselor might offer to help you manage your budget (and keep track of your wins and losses for the IRS).