Haven't been there but few friends and myself are booking it tomorrow for 1st july for 7 nights!!! Can't wait. We're already going at the same time as 10 other best girl mates, one word to HOPEFULLY describe the holiday is...carnage :P
i've heard Bodrum get's pretty rowdy and it's almost too busy, but Gumbet has some good bars, i looked up a list of them. X bar, shakers, Central bar, mystery, outback (aussie pub!), corner fun pub, Siesta soccer bar, murphy's irish bar, club escape, tropicana, there are quite a few!!!
However drinks aren't necessarily much cheaper than here
Are you going in the summer or did you mean you'd go after your spring exams?