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Old 02-02-2012, 10:33 AM   #16
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Re: $4k to $14k in 4 Months

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Originally Posted by NewOldGuy View Post
For example, if you are willing to have 50% risk of ruin, and 50% confidence of achieving the goal, then just put all the money on red in roulette in one bet. Bam, your objectives were met.
^ From the post directly above Rusty's post.

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Originally Posted by David Lyons View Post
I don't know what you mean... I see no reference to red/black in this thread.
Hold down the control button and hit "F".

Then type "red". EZ game.
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Old 02-02-2012, 10:34 AM   #17
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Re: $4k to $14k in 4 Months

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Originally Posted by David Lyons View Post
I don't know what you mean... I see no reference to red/black in this thread.
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For example, if you are willing to have 50% risk of ruin, and 50% confidence of achieving the goal, then just put all the money on red in roulette in one bet. Bam, your objectives were met.
There you go.
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Old 02-02-2012, 01:57 PM   #18
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Re: $4k to $14k in 4 Months

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But realistically? What's the downside, i.e. what happens if you can't pay? How much risk of ruin are you ok with?
This is a more important question than has been acknowledged. Generally speaking, I'd say the best thing you could do in this situation is give your friend the $4k now, by June give him another $2k that you managed to save a few hundred bucks at a time, and tell him "that's the best I can do - sorry".

Him getting about half his money back is a pretty ok outcome as compared to the alternative of letting you try to run it up and him maybe ending up with nothing.
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Old 02-02-2012, 06:48 PM   #19
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Quote:
Originally Posted by Sherman View Post
^ From the post directly above Rusty's post.



Hold down the control button and hit "F".

Then type "red". EZ game.
I read on the iPhone app. Don't know how to find... I guess I meant I didn't see a reference by the OP to 50:50 bets.
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Old 02-03-2012, 09:03 PM   #20
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Re: $4k to $14k in 4 Months

I suppose the obvious route of working a job for the next 4 months is out of the question...
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Old 02-03-2012, 09:50 PM   #21
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Re: $4k to $14k in 4 Months

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I suppose the obvious route of working a job for the next 4 months is out of the question...
whoa, that's just crazy talk
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Old 02-05-2012, 10:38 PM   #22
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Re: $4k to $14k in 4 Months

roulette table
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Old 02-06-2012, 02:28 PM   #23
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Re: $4k to $14k in 4 Months

$500 on 8 different numbers gives you a 21% shot at winning $17500 giving you $3500 left over to play with if you win.
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Old 02-09-2012, 03:12 PM   #24
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Re: $4k to $14k in 4 Months

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$500 on 8 different numbers gives you a 21% shot at winning $17500 giving you $3500 left over to play with if you win.
20% not good enough but I like the idea.
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Old 02-10-2012, 12:47 AM   #25
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Re: $4k to $14k in 4 Months

I get the feeling that if you have $14k by June you're dealing with a friend -- if not, "friend" would not properly characterize the relationship. If delivering 13k means the friendship is gone anyways -- do you still intend to pay the full debt?

At this point, it's already not your money. What you're contemplating is rolling your "friends" loan without consulting them -- and apparently not having any backup plan. What sort of risk did you lead your friend to think they were taking?
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Old 02-14-2012, 10:10 PM   #26
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Re: $4k to $14k in 4 Months

Instead of bulking it up in that amount I would divide into months/weeks/days/hours.

Making the goal more manageable in your conscious mind is probably the first step. I.E 2500/mth, 625/week, 89.30/day, 8.92/hr at 10 hr days.

So this is actually very probable when considering it and it's just as unlikely given your view of it.

If you went a played 3-6 limit - you could accomplish this by playing tight and doing some table selection at your local casino (OBVIOUSLY NOT FULL PROOF), this would be better than NL because of the diminished variance.

This entire thing of course is disclosing your monthly living expenses - that would come into play as well but if you can live on a tight budget you could probably still pull it off. Again I'm being very positive. I.E Would you tilt off your money/Are you proficient enough to win 3BB per hour after rake? etc.

If you aren't good enough spend a little of it on a coach, and have them work with you on attaining your goal.

Last words, make the goal greater than what is necessary. I.E if you need 10 k by 4 months, why not dream bigger and work harder for 15 or 20? It's a lot easier to score 80-90% on an exam than 100%, so with a bigger goal more can be accomplished.

AGAIN. This is very positive. But I think anyone can do it with the right attitude.
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Old 02-16-2012, 04:13 AM   #27
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Re: $4k to $14k in 4 Months

yeah, i think getting a pokercoach is a good move lol.
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Old 02-16-2012, 12:51 PM   #28
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Re: $4k to $14k in 4 Months

already gave my friend the $ i had so i will have to start from scratch to get the rest now...
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Old 02-16-2012, 01:14 PM   #29
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Re: $4k to $14k in 4 Months

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already gave my friend the $ i had so i will have to start from scratch to get the rest now...
On Roulette you could have bet the 4k across 10 numbers, $388 each, on a win you'd have ~$14k. 27% chance of winning.
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Old 02-16-2012, 02:05 PM   #30
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Re: $4k to $14k in 4 Months

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already gave my friend the $ i had so i will have to start from scratch to get the rest now...
Use the Ferguson freeroll-to-$10K plan.
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