What's the most money you've spent in one day/night?

[CNN]

Originally Posted by vividox

Your statement was "it is a huge hit for most actuaries". When you are playing with money you already won, it's not a hit at all.

How are you defining "hit?" If you define it as the ratio of money lost over total wealth, I'd say it is huge for the vast majority of us. How much do you think the average under 35 actuary has saved? Even if it's several $100k, $30k is still very significant. On "Let's Make a Deal", people with the above attitude are the ones who say "no deal" when there's only $1M and $1 showing on the board and they already have $400k in the bank, then think they didn't take any kind of hit when they end up with $1.

[mlschop]

Meh. I lose $30K in one day, I'm going to be miserable for a long time...

[Dr. John Zoidberg]

I drank very heavily that day. It wasn't a shrug off -able experience.

[rawl316]

Originally Posted by mlschop

Meh. I lose $30K in one day, I'm going to be miserable for a long time...

Yeah, my wife would never let me hear the end of it.

[Salzmann]

Originally Posted by Dr. John Zoidberg

Lost 30k in one day gambling. That counts. I bet you it counts.

I've lost that in one day on my investments. Oh, wait a minute- that's gambling, too.

[rawl316]

A poster in the poker section recently posted a day he lost 10kish. But seeing he consistently kills the games and just won 85k in a tournament last year, it's not a big deal to him. Get it?

[vividox]

Originally Posted by FormLetter

I don't think the appropriate distinction is "money you already won", but rather "money you are comfortable losing". The source doesn't matter if you are comfortable losing it.

Sure.

Gambling has a ridiculous variance to it, and a person playing with that kind of money may have a day to day finish of something like 10k, -4k, 2k, 5k, -2k, 8k, 9k, -30k, 8k, 6k, etc...

Then they come on a forum and say "I've lost 30k in one day" and people who don't gamble ask "Wow, that's ridiculous, how the hell can you afford that?" when it's not really a big deal in the long haul, it's just an extreme value.

[dukelampard]

Originally Posted by Mr. Grim

I am sure I spent 5 to 10k.

A nice dinner with a bottle of wine is 1,000 bucks, that doesn't count good seats at a cultural event, blow etc.

Balla!

[CNN]

Originally Posted by rawl316

CNN, there is no lost utility. If anything, I'd argue most hobbies cost money. Whether it's books, activities, video games, etc.

I've come back from ac down 1k many times. Don't really blink an eye at that. Overall, I do well when I play poker and I can deal with the swings.

I meant lost utility in the form of having to spend hours playing online poker when you could be doing other things. I suppose if you enjoy this then it's not so bad, but I've heard a lot of people complain about playing at low level tables for hours each day to slowly accumulate a bankroll.

[CNN]

Originally Posted by vividox

Sure.

Gambling has a ridiculous variance to it, and a person playing with that kind of money may have a day to day finish of something like 10k, -4k, 2k, 5k, -2k, 8k, 9k, -30k, 8k, 6k, etc...

Then they come on a forum and say "I've lost 30k in one day" and people who don't gamble ask "Wow, that's ridiculous, how the hell can you afford that?" when it's not really a big deal in the long haul, it's just an extreme value.

Ok but we aren't talking about professional poker players. Zoidberg, who I presume is some kind of actuary, said he went to Vegas and lost $30k on sports betting. He's not staying in Vegas and having a +10k,-2k, +8k, +8k, ... ,+6k run over the next week to make it up.