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1. Check out the website cheapovegas.com and a lot of your questions will be answered there about hotel rooms. You can find stuff for every price range, just depends on how swanky of a place you want to stay in.
2. All of your favorite fast food chains are on the strip. When we stayed at The Flamingo there was a dumpy casino next door that had a Subway, Burger King, Ice Cream Store, and crappy pizza joint in the back. Prices were a little more than normal but only by a couple of bucks. If you do it right you can get by on $25-30 a day if you don't eat at swanky places. Also, check out comps in whatever poker room you're playing in...if you play long enough you can get free meals that way.
3. $2k is probably preferred, but I got by taking only $500 out there the three times I went. I covered food/strippers/etc the first time, covered flight/hotel/food/strippers second time and came home with a decent chunk of change....this last time I spent my $500 plus about $100 or so on my debit card for poker and food (ran bad and probably played worse). I only played NL 1/2 which has a max buy-in of $300, I usually bought in for $200.
4. Drinks are free at all of the tables I went to. Tip your waitress a dollar each time she comes around. At most places I've been to you can get drunk as a skunk in four or five hours of play because waitresses come by every 20-30 minutes.
5. Tips aren't mandatory but c'mon, these people are trying to make a living. For super small pots, or if you just take down the blinds you don't necessarily have to tip and I usually don't. But for medium sized pots tip a buck or two, if you win a HUGE pot or end up hitting a high-hand jackpot or something tip a little more.
Again, cheapovegas.com is pretty informative and helpful, it'll give you a rundown on all of the hotels out there...
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