While movies make the mayhem and mischief of Las Vegas seem hilarious and trivial, there aren't many people who want to end up out of luck, out of money and out of options. Thankfully, it doesn't have to end that way, and if you plan ahead and learn a few simple tips, you will be able to survive Vegas with your dignity and wallet intact. Follow these tips to help navigate the twists and turns of Las Vegas, the famous Vegas strip and its mesmerizing casinos.

Go Easy on the Drinks

You don't want to wake up with a hangover and empty pockets if you can avoid it. So while you are at the betting tables, refrain from taking full advantage of the free drinks. Or if you do decide to drink, take it slow. It's been proven time and time again that consuming alcohol dulls your decision-making processes and you don't want that to happen when you are deciding whether or not to go "all in."

If that wasn't enough, research also finds the alcohol consumption also hinders your ability to make sound financial decisions. So go easy on the beer and focus on the fun to be had at the tables.

Know Your Games

Vegas is a great place to get experience betting, but if you are a rookie be sure to study before you hit the floor. It is against the rules to bring any kind of guidance with you onto the floor and if you aren't sure of the rules, you should move on to the next game.

A quick search online will turn up the basics of the traditional casino games and which ones have better winning odds over the others. Unlike what the movies will have you believe, walking into a casino and placing a $10,000 bet on the roulette table's red 17 probably won't go well for you. Know your odds before you walk into the casino and play the games that play to your benefit.

Take Your Time

Visiting Las Vegas is a marathon, not a sprint. If you aren't careful you will lose your entire budget before the first day is over. Take the time to figure out what games you want to play, what casinos you want to visit, what sights you want to see, where you want to eat, and most importantly, how much money you want to spend. Then, stick to that schedule—and that budget. When you are back home, you, your banker and your bank account will all thank you.

Know That You Will Lose Money

The majority of people who visit Vegas will leave with their pockets empty (or close to it). After all, the games are designed to the advantage of the casino, not to the player. Remember to manage your money carefully. For example, when you are losing, get into the habit of placing smaller bets and of walking away when you've lost 3 in a row. Come to Vegas with the expectation that you're going to have a great time and nothing else—if you win, that's great, but if you don't win, don't let it ruin the mood or the trip.

Don't gamble with your holiday. Learn your games and your odds of winning and keep that in mind as you head to the casino. You may lose money, but you can have fun doing it. Don't lose more than you budgeted and protect your investment, your trip and your health with a tailored travel insurance plan from Cover-More Australia.

Image courtesy of Flickr user Kolitha de Silva, cropped from original