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This is how I won $129,000 in my 3rd ever poker tournament. Note: don't try this, it probably won't turn out well for you.
I spent about 6 months grinding up a $5,000 bankroll playing home/casino games ranging from .5/1 to 1/3. The week that I hit that $5,000 mark, Matt, one of my best friends from college informed me that his job had placed him in Las Vegas for the next month and that I could crash with him for a few nights if I wanted to come on out west. I had frequent flyer miles for the flight and some Mlife/Fremont hotel comps for the rest of the trip. My grand total for flight and lodging for 10 days came to $200.
Now, I’m not going to bore you guys with low-level cash hand histories. The next 10 days were filled with me playing lowstakes poker for 10-12 hours a day. It’s as fun as it sounds – it’s not. I was having a good time in Vegas otherwise – but towards the end of the trip I had a realization: 1/2’s the same everywhere. I didn’t have to fly out to the desert to raise to $7 preflop.
After 10 days, my grand total from poker (and a fair amount of dumb degenerate shit on Fremont) was -$186. That wasn’t what I came out to do — I knew that I was a better player than my recent results had indicated. The morning of my return flight, I decided I was going to play tournaments until I either busted my $5,000 bankroll or hit something worthwhile.
I impulsively decided to not get on my plane at 11:30am. Checkout time from Luxor was at 11:00 – and I didn’t know where I was going yet. I had 30 minutes to pack up my stuff and figure out where I was going before they’d charge me a fee. I sorted TripAdvisor by cheapest first – I’ve stayed in crappy hostels/motels before and overall am a very low maintenance person. I figured that by staying somewhere for $20 a night, I’d be able to maximize the amount of shots I could take before flying back home. I accepted that there was a real chance I’d go back broke – but I didn’t really care. If I didn’t take my shot now, then when?
I booked the cheapest bed in Vegas - a 6-person shared hostel just past the Stratosphere. Let's just say you get what you pay for — it was not a happy place. A fair amount of the people in there were bordering on homelessness and there was barbed wire surrounding their outdoor gym. In addition to this, I had the constant stress of knowing that all that separated my bankroll from the rest of my roommates was a tiny lock. I took the Deuce to the strip, lived off food comps, and turned down invites from my friends to hang out. I was in town to play poker, nothing else.
Disclaimer: I had never played tournaments prior to heading out to Vegas. My only knowledge of hand ranges was from watching televised events. I downloaded a free Nash chart app on my phone while on the Deuce to the strip and studied it for 5 minutes – whatever, I get the jist of it. Let’s play some cards.
The first day of doing this I played the $140 daily at the Aria. Top 13 spots paid -- I finished in 15th. It was depressing to say the least — I felt as if I was at rock bottom. Before the first night of sleeping at the hostel I called the airline to see if I could get on the flight that I had deliberately missed the day prior. I couldn't.
I made it my goal to at least cash something so that I could get a decent hotel room.
I couldn’t have slept more than 2-3 hours the first night there. One of my roommates was loudly vomiting all night, the sheets itched, and I was going through an existential crisis... like dude, you’ve got a finance degree and you’re really doing this shit?
While on the bus to the strip, I opened Poker Atlas and saw that there was a $200 satellite to win a seat into the $1,600 Venetian main event. I decided that I was going to go take a shot at that.
I was at risk twice in the satellite but after studying the GTO method on how to win coinflips, I persevered and won a seat to the main.
The first day was surreal – once again, I was running on minimal sleep due to my housing arrangements, but I remember the following hands from day 1:

1. Button opens to 2.2x, I’m in the BB with Q9cc. SB folds, we go HU to a flop of 832c. He c-bets, I call. Turn 4x, x/x. River Ax. I check, he bets, I x/r to like 3x his bet, he insta folds. I take it down and show air.
2. UTG+1 opens, MP calls, I flat on the button with K10ss. 3 ways to a flop of Qs43xx. UTG+1 bets 40% pot, MP calls, I call. Turn is the Js. UTG+1 bets 60% pot, MP calls, I flat. River comes the 8s. UTG+1 snap bets 80%. MP flats, I flat. I announce king high flush, they both muck.
3. Folds to the SB, he limps, I look down at Q10o, and check. Flop comes KQ6r. He leads 35%, I call. Turn 10. He bets, I call. River comes a J. He bets, I tank for about 45 seconds then flick in a call, he shows 76o… ship it.

The average stack after day 1 was around 40k, I bagged like 65k. I walked back to the Deuce stop outside of the Venetian and headed on my 30 minute ride back home. I kept thinking to myself, someone’s gotta win this thing, why not me?
I had to get in the money for this tournament to be able to get the fuck out of there. A min cash here was over $3k – that was more than enough for me to get a suite on Fremont for a few nights and party for a bit, then get home with my head held high.
Day 2: I get up at 7am after already being completely awake for the past 4 hours. There’s no way I slept more than 3 hours last night. I hit the Denny’s by the Stratosphere then get on the Deuce.
I get to the Venetian and feel like I’m about to fall asleep. I go to the self-serve coffee/tea dispenser in the middle of the room and make myself an iced coffee. I get to my table, and the cocktail waitress comes around. I ask for another iced coffee and toss her a fiver.
Here are some highlights from the 1st half of day 2:

1. I open 97ss on the button, BB flats. Flop comes AK3s. BB checks, I bet 35%. He throws out a 5k chip – which I interpret as a x/r to my bet. I groan, make a joke about it being the first hand of the day, and start to muck. The dealer stops my cards midway before hitting the muck, and informs me that he didn’t raise, that he called my flop bet. Everyone laughs, I go silent and wait for him to make change. Turn is the 2s. He thinks for a second and bets 30%. I tank for like 30 seconds, then flat. River is a blank. He thinks for a second, then checks. I bet like 30% pot. He tells me that I’m an angle shooter and mucks. I tell him I’m not an angle shooter and show my 9 high. Everyone laughs, we get on with playing.
   
2. CO opens, I 3b 87dd in the SB to 4x, he flats. Flop comes 1032d. I check, he checks. Turn is the 6d. I bet 55% pot, he flats. River comes the Kd. I bet 60%, he tanks, tells me he thinks I backdoored diamonds, then folds. Damn, these players are pretty good.
   
3. I open KK UTG to 2.5x, UTG +1 flats. Heads up to a flop of K43r. x/x. Turn 8, I bet 40% pot, he calls. River 3, I bet 80% pot, he tanks, then calls with AK.
   

I bring my 3 racks of chips to the new table and immediately get some comments – whatever, I’m just on a heater, it happens. At this point, my body was giving out. I was trying my hardest not to fall asleep in between every hand.
Cutoff opens, I’m in the SB, I look down at KK. I put in the 3b, folds back to him. He puts in a healthy 4. We’re the two big stacks at the table – I’d guess he was 50bb effective while I was around 65bb. God damn, am I good enough to fold kings here? No, I’m not. I shove, he snaps, I know that I’ve just fucked up my tournament. He shows the aces. The dealer puts a king in the window, and I hold. I’m for sure the chip leader now.
I lose a few 40/60 and 60/40 flips and chip down a bit. I still have a very healthy stack, probably around 80bb.
The next 3 hands are from the second half of day 2:

1. Aggro Asian guy on the button. Folds to him, he opens to 2.2x, SB folds, I look down at 43ss and raise to 7.5x, he flats.

Flop comes 894cc. I check, he bets, I call. Turn’s another 9. I check, he bets 75% pot, I call. River’s the 10c. I check, he bets 1.2x pot. I ask the dealer for a count of the bet – meanwhile, villain looks like he’s going to shit himself. I flick in a chip, he throws down KcQx. I laugh a little, show my 43ss, and obnoxiously say ship it.

1. I open KQo UTG+1, MP 3bets me. I figure that a 4b from UTG+1 could take it down a fair amount of the time, so I decide to go for it. He thinks for a second and flats.

Flop comes AK4r. I check, he checks back. Turn is a 6, goes x/x again. River’s another brick. I put in a 30% value bet. He does a little grimace and tanks for like 20 seconds. It looks like he’s going to fold so I start verbally telling him that his queens are good. The dealer informs me that you’re not allowed to talk about your hand to another player. I inform him that I’m not talking about my hand, I’m talking about villains’ hand. Dealer laughs and lets me continue to antagonize villain. MP starts talking back, asking if I’m really bluffing. I inform him that once he folds, I’ll show the bluff. He ends up calling, I snap show, he pays me then gets up from the table to go for a walk.

1. We’re playing 6 handed. UTG opens, MP flats, I flat TT on the button. 3 ways to a flop of AT9ccc. UTG bets 50% pot, MP folds, I put in a medium sized raise. He thinks about it and flats.

The turn is the Kd. He pauses for a second then checks. I figured AxKc was his most likely combo. I didn’t think he could fold AxKc to any sizing – I decide to overbet jam 2x pot. He tanks for like 5 min and eventually lets it go. He tells me later he folded AxKc. Nice fold sir.
I finished day two 2nd in chips out of the 64 players remaining. More importantly, I was in the money. My friend Matt offered to give me a ride to the hostel to grab my stuff.
On the way to the hostel I’m telling Matt how trash the place is and he’s kind of like yeah man, whatever, it can’t be that bad. We gather my belongings and head on out. Matt remarked to me that the hostel reminded him of jail mixed with a summer camp.
I open a same night hotel app and see a room at the Four Queens available for $110. The lady at check in was nice enough – however, she informed me that the only room they had available at my price point was a smoking room overlooking the Fremont St. experience. I paid the $20 to upgrade to a non-smoking in the quiet part of the hotel. Vegas man, I swear.
It’s like 2am at this point -- I get to my room, sit on the bed and close my eyes. I open them and it’s 11:00am. Ah fuck man, I gotta get to the Venetian. I hop in the shower, brush my teeth, and freshen up. Even if I don’t have clean clothes, whatever, I’m second in the main, who cares.
Some interesting hands from the first part of Day 3:

1. I had two inexcusable punts in this tournament. This is the first one: I open 5h5c from LP, BB calls. Flop comes J62hhh. x/x. Turn is a 4x. x, I bet 50% pot, BB jams 15bb. I called – and immediately realized I fucked up, big time. He had 2 big chips in his stack that I didn’t see, making his shove effectively like 25bb. In addition, I didn’t have the 5h, I had the 5d. I really didn’t ask for a count or double check my hole cards. Villain turns over 64o and holds. In my defense, I literally didn’t know what ICM meant at the time. Whoops.
   
2. Someone who I recognize from poker TV jams 22bb UTG. I’m in the CO with JJ, I ask him how much it is, he’s talkative and seems genuinely comfortable/down for me to call. I fold – I run into him a few days later at the Aria, he tells me he had AA there. I believe him.
   
3. CO opens, button instantly jams 30bb effective. I’m in the SB with TT and 25bb – live reads, we’re flipping. I call for all in my effective stack, CO folds, button has AQ. I hold. He’s not happy I called with tens. Oh well, sorry bro, gg.
   
4. MP opens, CO 3 bets to 7bb, button jams 20bb. I look down at 2 black aces in the big blind. I reshove, MP folds, CO calls off his 20bb stack. I’m up against AQ and QQ. I hold.
   

Even with my atrocious punt earlier in the day, I’m the chip leader again.
We’re down to about 15 left in the field. UTG opens, I 3b AKo on the button, he jams 20bb, I call. He has 99, a king comes on the flop and he’s gone.
It’s day 3 of the main and we’re playing 5 handed with 12 people left. Let’s fucking go.

1. Button opens to 2.5x, I’m in the BB with A8dd, I flat. Flop comes A104r, I check, he bets, I call. Turn is a 7, x/x. River A, I bet 1.2x pot. He tanks, calls, I show, I’m good.
   
2. CO opens to 2.5x, I’m in the BB with 108dd, I flat. Flop comes Kd4x2d, it goes x/x. Turn is a Kx, I check, he bets 60% pot, I flat. River is the 4d. I check, he bets pot. I tank and let it go. He tells me later he checked back a weak king on the flop.
   
3. SB completes, I’m in the BB with J9o and I check my option. Flop comes Q108r. The SB donks out into me for 60% pot. I flat. Turn comes a brick and he leads into me for 60% again. I raise to 3.5x his turn bet, he thinks for a while then flats. River is another brick. He bets 80% pot into me. I tank for a while, then shove. He starts laughing and folds QQ face up.
   

Less than a week ago I was grinding buffet comps at Planet Hollywood. Now I have guys correctly folding top set to me.
I’ve made it to the final table. I pick up a few small pots and the two shortstacks at the table get eliminated in quick succession.
This is without a doubt the most pointless and just plain out stupid punt of my entire life: I open J2dd on the button into a ~18bb SB and a GTO robot with mid 7 figures in career earnings in the BB. Don’t do this, this is quite literally lighting money on fire. SB folds, BB flats. Flop comes Kh8h3d. I cbet, BB calls. Turn is the Kd, goes x/x.
River comes a 7h, he leads into me for half pot. Whatever, I’m going for it – I put in a raise. He thinks for all of 5 seconds then calls me with KQh. Wow, I just punted away $50,000 in ICM. Jesus Christ dude, what the fuck.
For the next orbit or two, I’m clearly pissed at myself. I get up after my button and do a lap around the poker room – I’m good. The monkey tilt is gone, and I’m ready to get back to playing normal ranges.
Anyway, nothing else really happens for a while – I look down at AKo UTG and raise it up. Folds around to the BB, he thinks for a while, then jams for about 20bb. I snap, he has AQo. I hold. I’m now second in chips. We go on a 10-minute break.
When I get back to the table, the prospect of a 5-way chop comes up. We’re all tired – and the pay jumps are very significant. If you couldn’t tell from this story, I’m a degenerate, but in this spot, I’m willing to reduce variance a bit. We run the numbers and come to an agreement – we all agree to take a very slight ICM bump to give 1st place a bit more money than his stack is worth.
I just won $129,000 -- huh? This was my second tournament cash – not too bad considering that it was my third tournament ever. Maybe I should start learning how to play MTT’s now.
I take $124,000 in a check and $5,000 in cash. I’m leaving Vegas in 4 days and don’t plan on coming home with any of the cash.
The winner of the tournament’s a pretty cool guy and he asks if I want to crash in his guest room tonight… like yeah, if that’s a real offer, I’m down. I pick up my toiletry bag from the Venetian concierge and we hit the Uber.
The next morning Matt picks me up at his house – I hit the Chase bank and deposit the $124,000. I take Matt and my other friend, Spencer out to the Sterling Brunch over at Bally’s – the entire time, Spencer just kept repeating “Davis, what the fuck”. I don’t know dude, seriously, what the fuck.
I get a suite at the D downtown that night and (very) long story short I end up hitting $100 on a number at roulette at 5am. It’s time for bed.
Here’s a link to my Hendon Mob, verifying my tournament result. Hopefully I see some of you guys at the WSOP in 2021.
https://pokerdb.thehendonmob.com/player.php?a=r&n=783521
Davis

Free 30+ page travel guide about Budapest, Hungary and bits of Central Europe. Enjoy!
Information correct as of summer 2020. If you find anything incorrect or would like to make requests, suggestions (or just want to say hi), please do that here! You should also drop by in /budapest to see past questions and to get advice from multiple people.
I would also greatly appreciate your post-trip feedbacks about whether my recommendations worked out for you or not! Restaurants, clubs can undergo radical changes and it's not always possible to keep track of every single one.
The local charity I support is the Hungarian Food Bank Association. For every €1 donated they are able to save €30 worth of perishable food and have it reach underprivileged Hungarian families. If you find this guide useful, please consider donating to them!
Some links use URL-shorteners, so I could track how many of you are using this guide. Nothing fishy waiting for you behind them.
See my suggestions in the comments below about:

• Restaurants – Where to eat in the city
  
• Clubbing, cultural and sports events – Beautiful people, pub crawls or dive bars?
  
• Shopping, services, health care - Good excuses to part with the last of your Forints
  
• Off the beaten path – atypical activities – if you have the time!
  
• Countryside tourism, regional travel – getting familiar with the rest of the country and more
  

===CORONA RESTRICTIONS===
The situation is subject to change momentarily, this information is current as of September 2020. Eastern Europe as a whole has largely been spared from the worst of it, including Hungary, and the risk of transmission is low.
Presently foreigners are banned from entry altogether. Exceptions are in place for people with ties to the country (family members, studies, work, those holding residence permits), and people transiting by car on designated highways.
The situation will be revised monthly, with experts saying the second peak is expected for December-January.
In the country, you need to wear a mask on public transport, inside shops, malls, cinemas, museums. You don't need to wear them inside restaurants, cafes, bars, but they must close by 23.00. Social distancing rules are in place, but largely ignored.
===END OF CORONA RESTRICTIONS===
Hungary has a continental climate with 4 seasons. Summer is the main season, a slightly less busy time to visit is April to mid-June and September to October, but the weather is less predictable. Those uncomfortable with 30+C (>85F) temperatures should visit around then as 35+C (>95F) is not uncommon in the summer. November through March has -5 to 10 (20-50F) and possibly gloomier weather – but fewer tourists.
Currency: the Hungarian Forint (HUF, Ft). Fair exchange rates for Euros is around 330-335Fts, for US Dollars around 300. Only use currency exchanges where the buy/sell spread isn't greater than 5-6Fts for these two currencies!
Citizens of 62 countries do not require a visa to enter the Schengen Area and can stay for maximum 90 days within a rolling 180-day window. See here if you don’t know what that entails. EU member countries that are not members of the Schengen Area are Bulgaria, Croatia, Cyprus, Ireland, Romania, and the United Kingdom, visits to these do not count toward your 90 days. Non-EU countries part of the Schengen Area are Iceland, Liechtenstein, Norway, and Switzerland, visits to these do count toward the cap.
Because we both know you want to do your own research, use:

• WeLoveBudapest, the definitive city magazine in English, from top lists to current events,
• Offbeat Budapest, a new site with the author’s finger very much on the city’s pulse,
• Spotted by Locals, for even more local insight. Their offline city guide is worth $3.99.
• TripAdvisor, a small number of reviews might be bought, but no other site competes with their sheer volume of input. Be skeptical of places with unbalanced (90+% 5-star) reviews, the remaining ones should be accurate.
• Foursquare, with more local input than on TA,
• Wikivoyage, for your encyclopedic knowledge needs,
• Most threads on budapest and a couple more on hungary, which you can search like this,

See the city in 4K, or with Rick Steves.
However nothing beats having a physical guidebook in your hand! Lonely Planet has the best and most recent issue.
Read up on the concept of coconut and peach cultures, as sometimes the reserved and distant behaviour of locals can be misinterpreted by ‘peach’ visitors as rudeness – nope!
This is a comprehensive itinerary, but leaves out the best museum of the city: the House of Terror, a solemn museum of the Nazi and Soviet occupation and crackdowns (get the audio guide or be prepared to peruse dozens of pamphlets). There's an attendance limit, so you might need to wait up to 30-45 minutes to get in when it's the busiest. When you are around Deák Ferenc tér, drop by in the Tourinform office (Sütő utca 2., the small street near the church) to stock up on free maps, printed guides of the city. WeLoveBudapest prints a comprehensive and free one every year around June.
I suggest 4 full days to discover Budapest, or 3 faster paced ones. Make it 5-7 if you'd like to make a few daytrips (Szentendre - open-air ethnographic museum, cobblestoned, quaint center, Esztergom - Central Europe's largest cathedral and religious center, Visegrád - medieval castle, Eger - medieval castle and wine region). Most of Hungary’s highlights can be visited in 2 weeks. For more details on countryside and international trips, see my comment below.
Meal times and habits are typical to central Europe: breakfast is usually done at home, not much of a culture of eating out in the morning. But a large number of new wave breakfast places have popped up in the past years, which offer ample opportunities for visitors, normally from 8am. Lunch is at midday, after 1pm most places are going to be fairly empty and many will stop serving lunch after 2pm. The standard time for dinner is 7pm, bookings for later than 8pm are unusual. Lots of restaurant kitchens close at 10pm (with the restaurant following suit 30-60 minutes later), finding a meal after that hour is challenging for anything other than street food.
Baths
Gellért is the most aesthetic, Széchenyi the largest and most popular among foreigners (Sparty can get crazy with lots of drinking, puking and sex going on in the pools, but it is wildly overpriced and 100% aimed at visitors). Rudas is a Turkish hamam with swimwear optional, single-gender weekdays (women-only on Tuesdays, coed and swimwear-mandatory on the weekend). Lukács is plain and personally I’m not a fan of it – tourists only visit it because it’s included free with the Budapest Card. For more details on the baths, see this.
For off the beaten path sights, ride the D11 or D12 public boat lines for a cheap alternative to paid cruises (travelcards only valid on weekdays, otherwise 700Ft), check out the Pinball Museum, Hospital in the Rock or check out this section for a lot more off the beaten path ideas.
Shopping
Hungary has the world’s highest effective VAT (=sales tax) at 27%. Non-EU/EEA tourists are eligible for VAT refund on their qualifying purchases if they complete the paperwork (min. €175 value per transaction, passport+reclaim form stamped by customs official).
The most popular and best accessible mall of the city is WestEnd on Nyugati tér. Arena Plaza is larger by floor area and carries a couple brands that can’t be found elsewhere, but is less centrally located (10min walk from Keleti train station). Don’t expect to find bargains on clothing or electronics, prices are similar to Western Europe and over North American or Asian ones.
For more information on shopping and VAT refund, see here.
Paprika Market is a decent souvenir shop in the sea of overpriced, terrible quality crap on Váci utca.
Magma Gallery for contemporary and affordable jewelry, ceramics and home decor items by local designers is just one street over on Petőfi Sándor utca.
Check out the antique bookstores alongside Múzeum körút between Astoria and Kálvin tér, some have Socialist-era posters available for sale from 30€ and up, that could be a unique gift/home decor to take home. Ecseri road flea market for more antiques, go early on Saturdays.
Hungarian cuisine is hearty and filling, with a heavy use of meats. Must-try foods are:

• goulash: a beef soup with potatoes and carrots!
  
• Hortobágy crêpes: Hungary's more sophisticated answer to enchiladas, these savory crepes filled with either stew or minced meat covered in creamy paprika sauce make excellent starters or even entrée.
  
• pörkölt/paprikás: a thick stew without or with sour cream mixed in and what the rest of the world incorrectly believes goulash is – my favorite is catfish with curd cheese&dill noodles, though beef, chicken and the inferior pork are more commonplace
  
• roast sausage and blood sausage (hurka-kolbász): the breakfast of champions! Ideally eaten at an authentic butchershop like Pinczi or Balla with a side of pickled veggies, mustard (or horseradish) white bread and cold beer at 8am on a Saturday.
  
• everyone’s favorite street food, lángos: Hungarians only eat it with salt, garlic, sour cream and/or cheese, the Frankensteinian concoctions with sausage or kebab toppings are 100% aimed at tourists
  
• Somló trifle: a scrumptious walnut sponge dessert with chocolate sauce and whipped cream
  
• Chimney cake: a sweet, spiral pull-apart bread baked over charcoal, rolled in the topping of your choosing (typically nuts, cinnamon, vanilla sugar, cocoa, coconut flakes)
  

For authentic recipes, recommendations for recipe blogs or cookbooks, tips for cooking traditional Hungarian meals, see here
For edible souvenirs to bring home with you:

• Pick winter salami: only choose the original, typically ~6000/kg, comes in sizes of 380, 800 and 1250g and in trays (100 and 250g). The brand has a deli & store (working with regular prices) on Kossuth tér, next to the Parliament, open from 7am on weekdays for breakfast and lunch.
  
• Tokaji dessert wine: aszú being the premium product with the at least 4 puttony varieties suggesting quality, but they make regular whites as well, so check the label. Should cost at least 3-4000 per bottle. Suggested wineries: Disznókő, Oremus, Dereszla. Avoid: Royal Tokaji
  
• Premium pralines in lovely, traditional packaging from Stühmer.
  

Grocery stores include Spar, Tesco, Aldi and Lidl. Avoid CBA and Coop, low quality for high prices. Small convenience stores, many 24/7, also dot the city at higher prices.
The most popular and best accessible mall of the city is WestEnd on Nyugati tér.
Alcohol is sold at every one, but some (mostly residential) districts enact a ban on the sale between 22.00-06.00. The central Pest districts don’t have such limitations in place.
Tobacco is sold at tobacconists (‘nemzeti dohánybolt’ ). These shops are also exempt from the evening alcohol sale ban if you find yourself in such a district. Flavored cigarettes are banned in Hungary, so no Black Devils or Sobranies.
Budgets (per person)
For reasonable comforts, I would suggest aiming for at least €50 per day excluding accommodation. Hotel prices significantly vary in and outside high season.

• Shoestring: <€50 (hostel dorm €10, attractions €5+, meals and entertainment €10+)
  
• Mid-range: €75-150 (1/2 of hotel room or great Airbnb €30+, attractions €20+, meals and entertainment €25+)
  
• In comfort: €150+ (1/2 of comfy hotel €75+, attractions €30+, meals and entertainment €50+)
  

Getting around
Do not buy the Budapest Card, it is not a bargain, even if every travel blogger seems to think otherwise! You would need to visit at least 3-4 museums a day to break even and the free visit to the pretty plain Lukács Baths could mean you’d deny yourself going to the much more interesting mainstream alternatives, such as Gellért or Széchenyi. The discounted museums are second-rate and typically not what most visitors choose to hit up on their own.
Do buy a public transport travelcard, the 1, 3 or 5-day unlimited options require no validation or ID (common reasons for fines). For week-long stays, the 7-day travelcard needs an ID number and that you have the document on you at all times. Please do not try to get around by using single tickets!
The travelcards are economical (from €5/24h to €15/week) and easy to use: no validation, you just show it to the controllers. Validity starts immediately by default, or you can select a later starting date (always from midnight). 7-day and monthly passes require an ID/passport number, and you must have the ID on you whenever you travel, otherwise you risk getting fined! Groups of 4 or more can also buy the even more economical '24h group travelcard', but all persons must travel together using that.
Common reasons for fines

• Forgetting to validate single or transfer tickets
• Entering the subway station without a valid ticket
• Not having the ID on you for the 7-day travelcard or monthly passes (if you are fined for this, you have 2 business days to present it to the central BKK office for a reduced fine)

Ticket inspectors (must have an anonymized badge and armband) are notoriously brash, speak subpar English. Paying on the spot lets them give you a discounted fine of 8000 instead of the regular 16000 through postal order or wire transfer, they aren't looking to scam you if they offer you that. Fines are pursued internationally through collection agencies, multiplying the original amount once their fees are added.
Cheapest way to get to the city from the airport is by public transport. I suggest paying the 900Ft supplementary ticket for the 100E bus. The southern portion of the M3 subway is under reconstruction, during that period the 200E buses go beyond their usual terminus, Kőbánya-Kispest and take you to Nagyvárad tér station, where the subway runs from. The purple ticket machines at the airport and all over the city take chipped cards. Shuttle bus is a good compromise between price and comfort and depart when full or close to.
Ignore touts walking up to you offering cabs in the arrival hall, use the official Főtaxi booth immediately outside the building. Rates are centralized: flagfall 700Ft, 300Ft/km, 75Ft/min waiting. The fair price to the centre is around 7-9.000Fts. Rides inside the centre are typically under 3.000. All taxi companies have passable reputations with a few horror stories about each, Főtaxi (+36-1-222-2222), 6x6 Taxi (+36-1-666-6666), City Taxi (+36-1-211-1111) are a few. There are some stories of even company cab drivers trying to rip off naive-looking tourists, especially around train and bus stations, so consider legal Uber-alternative Taxify/Bolt (Android, iOS). Uber is banned.
Most companies have apps, but they have terrible design and might set an unchangeable pick up location 5-10 minutes away from you. It’s much better to order by phone, they have English-speaking operators. If you must use an app, choose Taxify.
Scams
Cabbies are the only ones eclipsing the ticket inspectors in notoriety. I cannot emphasize enough: DO NOT USE THE ONES WITH ‘FREELANCER’ ON THE FRONT DOORS!!! These drivers are nicknamed 'hyenas', work independently, they always have rigged meters and are known to sometimes assault customers who don’t comply with their ridiculous demands. If you hail on the street, be absolutely certain you’re getting into a company cab (logo on the front doors).
A known scam by the hyenas, fraudsters and illegal street exchangers is giving you worthless currencies with similarly high denominations as the Forint – namely the Indonesian Rupiah or the old Belarusian Ruble.
Bag handlers at the airport steal from unsecured luggage. Never put any valuables in your checked luggage!
Overly friendly, attractive women approaching you in broad daylight 'to practice their English' and taking you to scammy cafés where you'll be charged €300 for a bottle of bottom-shelf champagne are also to be avoided. Recently a Redditor reported the same happening to him through Tinder, so be very suspicious of anyone insistent on going to a particular establishment. The scam café was Hajós Café on Hajós utca. Another known scam location is Café Fidelité on Révay utca.
Otherwise general safety cautions should be exercised: watch your valuables in crowded spaces for pickpockets, be wary of overly friendly strangers approaching you and introducing the idea of going to a club or bar by their 5th sentence or of people pretending to be authority.
Policemen typically wear dark blue uniforms and white shirts , sometimes with a visibility vest and can be identified by the numbered metal badges on their chest and their separate police ID card which you can ask to inspect before complying with their orders. Scammers use fake police IDs to part you with your cash under the guise of inspecting the notes for counterfeits. Always ask to see it first: this is real, this is fake – notice where the real one has a serial number, the fake says POLICE. If the issue is anything halfway serious, ask to be escorted to the nearest police station – it will scare away scammers playing dress up.
The emergency number is 112 for police, ambulance or firefighters, there are English-speaking operators (works throughout the EU).
If you get pickpocketed, notify both the police and in case of losing your travel documents, your embassy. Thieves are usually courteous enough to leave papers near trash bins, so walk around in the neighbourhood to see if you can recover them. If you find someone else’s, hand in to the nearest police station.
Getting around
the city is easy, Budapest has one of the best public transport systems of the continent. Use Google Maps for orientation and getting around! Tickets and passes with rates are listed here.
All EU/EEA citizens aged 65+ travel for free on all Hungarian public transport, including trains, distance buses. Picture ID and administrative 0 Ft ticket required. Age 65 is not included.
Student discounts are available to full-time students in EU/EEA countries with a valid student ID. If it doesn’t have it, also carry a picture ID. EU citizenship not required, you only need to study there full-time (not applicable for exchange students unless they get ID issued). The monthly student pass (3450) is cheaper than the 72h travel card (4150) for identical benefits.
The 4 subway lines are coded by numbers and, unofficially, colour (1-yellow, 2-red, 3-blue, 4-green). The busiest, M3, is under renovation until 2021, but remains in partial operation, see details here. The entire line shuts down after 8pm and all day on weekends (replacement buses operate), and one section of the line is always out of service. For 2019 it’s the southern segment, between Kőbánya-Kispest and Nagyvárad tér. During this time the 200E airport bus will take you to the more central Nagyvárad tér stop (from where the subway runs) instead of its regular terminus of Kőbánya.
In Budapest driving is not recommended for the perpetual lack of parking spaces, congestion and because there's really no need to. If you must arrive by car, pick a hotel with parking, use the free parking lot at Kelenföld subway station, street-parking by StarPark at Podmaniczky utca at ~€8/24h, or opt for a more central location (such as one of CarE Park’s garages ) at ~20€/24h, €100/week and do not use it for getting around in the city. Public areas are metered in the entire centre, typically charging 1.5€/h with a cap of 3 hours on a ticket.
The Bubi city bike system is available for anyone’s use. The rates are very favourable (500Ft for 1-day, 1000 for 3 for the pass), but a deposit of €80 will be docked when you register and might take a few weeks to release. First 30 minutes are free, after it's 500Ft/30min on top of the daily pass' price.
Two e-car sharing systems compete in Budapest. I suggest using MOL Limo, as you can complete your licence verification remotely (do it before arrival, they might take a day or three if they are backlogged). Despite the name, the cars are tiny, automatic VW up!s, the majority electric and all automatic. Age limit 18, min. 1-year old national licence, foreign ones accepted, €20 registration fee and €0.25/min rate. Coverage includes basically every area of note to tourists in the centre, except the Castle and underground garages (as well as the airport). Expansion is planned for the future. You cannot park (leave the car) outside the coverage area, but you can drive through.
Sightseeing
The best rated tour bus company is Big Bus, Giraffe (aka. the red Hop On Hop Off ones) tends to get mixed-to-negative reviews. Segway tours also available.
Free thematic walking tours of the city depart in front of the lion fountain on Vörösmarty tér daily. A tip of 2000-2500Ft/person suggested, but they're are chill about it, you can give less if you're on a budget.
River cruises run during the day and the evening, including dinner (usually not great, save for one) or party in the latter case. The most popular is Legenda, partiers choose Boat Party.
One standout cruise is Pannónia Gastro Boat that goes above and beyond the standard quality of service of other operations and often host guest chefs from innovative countryside restaurants.
Public transport alternative is the D11 or D12 boat lines between Boráros tér going up to Népfürdő utca (or getting off at Jászai Mari tér or Margaret island 1 or 2 stops prior). Tram 2 between Jászai Mari tér and Boráros tér hugs the Danube on the Pest side and loops around the Parliament for a similarly nice experience. Seasonal operations, normally from March through October.
Money
The currency of Hungary is the Hungarian Forint (1EUR=330HUF, 1USD=300HUF in November 2019), but I’ve listed prices in Euros (€). Check for current rates here.
Don't exchange Forints at home, bring USD/EUGBP in cash or a chipped card with you – the withdrawal fee is far smaller than what you’d lose by the atrocious rates available to you at home (exception: neighbouring countries).
With cards, Visa, Mastercard are best, Maestro acceptable. Avoid Amex, Diners Club and other uncommon non-European issues.
CAD/AUD/JPY/CNY will be exchanged at slightly worse rates, but still much better than if you’d exchange Forints at home. I don't recommend bringing currencies other than the ones I've mentioned and those from neighboring countries, but if you do, Tichi Change exchanges almost every valid currency in the world at as good of a rate as you could realistically hope for.
When the ATM asks you if you want to be charged in your home currency, say no and opt for Forints or you'll lose up to 30% due to the poor conversion rate! Learn more about the rip-off of dynamic currency conversion here and steer clear of the ATMs operated by Euronet. Besides the dynamic currency conversion ripoff, they will also prompt you to withdraw ridiculously high amounts of money (equivalent of $500 or more) that you will not be able to spend in 3-4 days.
Don't exchange any money with bright orange Interchange they use ripoff rates (>30% spread). They hava e monopoly at the airport and are also present throughout the city in premium locations, such as Váci utca. Street exchange is illegal and a good way to get scammed.
Tons of fine currency exchanges around the city, the best USD and EUR rates are at Gold Change but use your eyes: the buy/sell spread shouldn’t be more than 1-3% apart for these, or 2.5-5% at banks. Exchange offices and banks do not take cards! You may only use them for ATM withdrawals.
Phones
Make sure to bring an unlocked phone, ideally a dual-SIM one.
The 3 main carriers are Vodafone, Telekom (T-Mobile) and Telenor. The best prepaid package is Telekom's Domino Fix with the 1/3/30-day unlimited 4G add-on, costing 990+9900Fts (€32) for the 30-day option. SIM cards need to be activated after purchase, so buy them at brand stores where help is available instead of supermarkets or gas stations.
Roaming fees within the EU have been abolished in 2017, you will be able to use your SIM in any EU member country, but not as if it would be local. I.e. a Vodafone Hungary-issued SIM will be roaming on Vodafone Austria’s network. Some 'reasonable' data caps remain in place, which are determined by the cost of your service.
Outside the EU there are punitive data rates. I once managed to rack up a $90 bill for 5MB by accident.
Sleep
Rates are for high season (late April through September, Christmas, NYE), might be 50+% lower on other dates

• For 0 hours (party hostels, from €10): Grandio, Retox, Carpe Noctem Vitae
• On a budget (well-reviewed hostels, dorm, private rooms €10-35, apartments €40-60): Lavender Circus, Maverick City Lodge, Pal’s, The Groove, Loft, standard Airbnbs
• Mid-range (€80-150): Mamaison, Cortile, Memories Oldtown, Casati, upscale Airbnbs
• In style (€150-250): Palazzo Zichy, Bródy Studios, Moments, Prestige, Corinthia, this palatial Airbnb
• Lavishly (€250+): Aria, Ritz-Carlton, Four Seasons (the gold standard), Kempinski

Location: if you plan on sleeping, the party district (VII., inside the ring road) should be avoided, as well as VIII. outside of it and around Keleti train station for safety reasons/because you can get nicer digs elsewhere. An under the radar gem of an area is VII. between Múzeum körút and the ring road. Buda is nowhere as dead as tourists collectively imagine it to be (especially around Széll Kálmán tér), don’t shun it if you find someplace nice there.
Eat at

• Rosenstein (best traditional Hungarian restaurant in the country)
• Két Szerecsen (cozy Hungarian)
• Olimpia (casual fine dining)
• Borkonyha (business casual fine dining, Michelin-star)
• Stand25 (Bib Gourmand bistro - don't miss the goulash and the layered potatoes!)
• Kispiac (modern Hungarian)
• Vén Hajó (restaurant ship with amazing panorama and well-done Hungarian food - touristy, but still memorable!)
• Petrus (French-Hungarian, Bib Gourmand)
• Dobrumba (Arabic)
• Tüköry (traditional Hungarian on a budget)
• Ruben (traditional Hungarian on a budget)
• Bors (soups & sandwiches with a cult following)
• Manu+ (authentic Neapolitan pizza).

For more detailed restaurant recommendations, see this comment. August visitors, check the restaurants' websites and Facebook to see if they aren't on holiday!
The quality of service is a common source of complaints, don't take it too hard if it happens to you. Tip is 10% most of the time, unless you’re really dissatisfied or find yourself absolutely elated. Many top end restaurants add a ~12% service charge to the bill, tipping on top of that is not expected, though naturally it will be appreciated.
Neither regular, nor ost fast food restaurants do refills. The only exceptions are all KFCs and a few Burger Kings.
Smoking is banned at all restaurants, bars and basically every facility open to the public. Designated smoking areas can be found outside on the street.
Try pálinka (~40% ABV fruit brandy), Unicum (herbal bitteaperitif, like Jäger), bikavér from Eger and Szekszárd (lit. ‘bull’s blood’, a full-bodied red), Tokaji aszú (similar to white Port, made of hand-picked berries with noble rot, named the "wine of kings, king of wines" from the 18th century) or fröccs (spritzer, white or red wine mixed with seltzer – a lifesaver in the summer)!
More details in the shopping section.
Or get really local and ask for ’fény’, carbonated vodka foam over raspberry syrup. You’ll see the fény (=light) at the end of the tunnel in no time!
Eat a freshly fried lángos at market halls (acceptable toppings: sour cream, garlic, cheese, perhaps ham and cabbage - certainly none of that tourist stuff with nutella, Hungarian sausage or kebab...) and fried sausage from a butcher shop such as 1951 establishment Balla Hús in Városház utca or the more contemporary Belvárosi Disznótoros eatery. The gallery of the Hold utca market hall hosts quality street food vendors, Karaván food truck yard right next to Szimpla.
Nightlife
For more detailed recommendations, including strip clubs, casinos and more, see this comment.
A casual evening

• Doblo - wine bar
• Élesztő - craft beer pub
• Csendes - bohemian hangout
• Nappali - neighborhood bar with great whiskies

Ruin pubs

• Szimpla
• Instant-Fogasház
• Mazel Tov
• Pótkulcs (low-key, occasional folk concerts)

Mainstream clubs

• Akvárium
• Ötkert
• Story
• HEAVEN
• Fröccsterasz
• Raqpart (seasonal only)
• BRKLYN
• BoB

Techno

• Lärm
• Aether
• Arzenál

Rock and miscellaneous

• Dürer Kert
• A38 (a converted Ukrainian barge – a unique experience)
• Barba Negra Track

Gay bars

• Alterego
• Why Not

Get out
See train schedules on Elvira, check for buses on menetrendek.hu (this site combines bus and train schedules, but has no English version, check for the orange or blue icon on the left side to see which is which).
Daytrip options include

• Szentendre: a bit different from its Scottish peer (lit. 'St. Andrews') quaint, cobblestoned artist town, chock full of galleries, art museums, restaurants – and tourists. The biggest attraction requires a short cab ride out of town, the open-air ethnography museum, Skanzen, with authentic recreations of functioning village clusters (open March through October). Best restaurant, oddly enough, cooks up a Caribbean fare at the hand of the Curaçaoan owner and his Hungarian wife: Mjam. Reachable by the H5 suburban railway from Batthyány tér (requires extension ticket for segment outside city limits - that's after Békásmegyer station, you need a 15km extension)
  
• Visegrád and Esztergom: a Renaissance castle with a panorama in the first, Central Europe’s largest cathedral in the second – and all this can be done on a scenic hydrofoil or boat trip in season!
  
• Eger: the location of a key Hungarian victory over invading Ottoman forces, this popular excursion destination is famous for its medieval castle, Baroque center, random museums (Beatles, firefighting and marzipan to name a few), its reputable wineries producing full-bodied, cabernet-like reds (bull’s blood, bikavér) and the limestone terraced natural spa of neighboring Egerszalók. Suggested wineries: St. Andrea, Tibor Gál, Demeter, Bolyki. Eat at Macok restaurant (by the castle entrance), they are excellent!
  
• Etyek: the nearest wine region to Budapest, they focus on whites. Although not as spectacular as the previous examples, it's a worthwhile visit for wine aficionados in the summer and autumn. Typical varieties include Irsai Olivér, királyleányka and Muscat Lunel (sárgamuskotály).
  

For multi-day excursions, including to lake Balaton and detailed information on car rental, countryside and international tourism opportunities, click here