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Posts with tag casinos

Where can the downturn work to your advantage? It's Vegas, baby!

Filed under: Bargains, Extracurriculars, Transportation, Travel


What happens in Vegas may stay there, but these days, the problem is how to get there in the first place.

McCarran Airport, Vegas' major entry point, reported its biggest year-on-year drop since after 9/11. And Southwest Airlines, the rare profitable airline which recently said it wouldn't need to tighten its flight schedule, reversed course and said 13 flights, or about 5% of its Las Vegas seats, would be eliminated starting in January. Considering Southwest is one of the most reliable feeder of tourist traffic to the Strip, that's quite a blow.

To further put it in perspective, as of Sept. 2, Vegas had 81 flights from U.S. Airways daily. A year ago, it had 141.

The pain, though, is mostly for hoteliers and airlines. Tourists are starting to see a real benefit to the growing malaise. On Tuesday, Arthur Frommer wrote about seeing an ad for a two-night Planet Hollywood package for $149 per person that came with either $100 back or two free show tickets. When he called to book, he told the receptionist it was still too expensive. And just like that, he was offered the same deal for two people at $249 total. That's desperation.

Earlier this summer, casinos were low-balling tourists with archaic rates like $33 to $55 a room. Even now, prices on the Strip are sliding southward (the Sahara for $24, the Tropicana, $46, both quoted through a Hotels.com promotion) and rooms off the Strip are so low (like $20 at the Plaza Hotel off Fremont Street), they're virtually tragic.

Raising cash in a hurry #1: Head to the casino

Filed under: Cards, Debt, Extracurriculars

Late on rent? Loan shark breathing down your neck? Can't fill your car with gas to get to work on Monday? Assuming all available funds and traditional sources of credit are tapped out, here are 25 (legal) ways to raise cash in a few days. We list them in order from least to most desperate.

Understand this first: this is our #1, most desperate way to make some quick cash, and only applies in this situation: you have some cash, but not enough, and MUST have more within a very short time or your life will fall into ruin. When you've exhausted every other possible avenue, only then does a reasonable man consider the casino.

Why is this our most desperate? Look at Las Vegas. Those beautiful building don't grow in place; they represent the house's advantage. Understanding this, what is you best play? If I were in this situation, what games would offer me the best shot at winning enough to save my butt?

Games I would avoid: slot machines, roulette, and other games that are 100% luck. The house advantage is considerable and unalterable. I would also avoid games in which I compete directly against other betters, such as poker. I'm not an experienced player, so the odds would be heavily against me.

I'd go with blackjack. A four-deck game gives the house only a .51% advantage, vs. 9-10% on the slot machines. I'd find a system to guide my decisions and bet strictly within those guidelines. This would give me as close to a 50% chance of winning as I'd be likely to find in a casino.

And, most importantly, I'd take this vow. Read it aloud with me. "I will quit the moment I have the money I need." I'd tattoo that on the back of my hand. If I'm down to our #1 way to raise cash in a hurry, I'm already playing long odds, and the rule of any casino is, if you play long enough, you'll lose. 100% guaranteed.

All 25 ways to raise quick cash.