Having a really bad downswing immediately after setting poker goals - Page 372 - Poker Blogs and Goals -- Two Plus Two Poker Forums

Please tell me you at least double or tripled the interest rate though for all this risk you keep taking on. I would maximally exploit OP if I was you.

How is that even possible?

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12-19-2018 , 08:56 PM

#9277

6bet me

Pooh-Bah

Join Date: May 2016 Posts: 3,885

Haven't played poker in a few days. I'm scared of going busto right before xmas, so I probably won't play much for another week.

I have roughly 2k cash left + $700 in online poker account + a mate owes me $500. Not planning to take any loans from anyone.

Not 100% sure what my plan is for the future. I'll ponder that over the next few days. For now, I'm just watching a tonne of YouTube videos and playing a lot of online chess and Warcraft 3.

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12-19-2018 , 08:56 PM

#9278

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Quote:

Originally Posted by DLuo

No I'm not saying that it's out of the question. 6 hasn't asked, and I don't think he will tbh. I'll consider it if he does, just depends on liquidity at the time and also might have to renegotiate some of the terms such as playing minimum hours a week etc in order to maximise chance of success.

So everything we said still stands if you take him up on it. And obviously it's not out of the question.

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12-19-2018 , 08:57 PM

#9279

mahsjdi

veteran

Join Date: May 2015 Posts: 2,432

Quote:

Originally Posted by DLuo

I've stopped caring about how people in this thread perceive me, because my image is so ridiculously inaccurate.

You gave a mentally unstable person a loan at an absurd rate.

Are you trolling us is well????

There is no out come where you don't look like the biggest scumbag in the world when doing what you did....

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12-19-2018 , 09:04 PM

#9280

DLuo

journeyman

Join Date: Oct 2014 Posts: 279

1. 6 isn't mentally unstable, and I'd say that everyone who knows him irl would agree on that.

2. The rate of interest isn't actually "absurd", yes it's high, but it's definitely one that's manageable. 6 was paying $160 a week in interest at its peak, which is like 5 hours of poker if he's winning at a conservative WR of $30 an hour. This is a pretty cheap price to pay to live the poker lifestyle > working a pizza job. I've also mentioned in the thread earlier that if he went busto I'd probably work out a cheaper repayment plan to make it manageable and not life crippling.

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12-19-2018 , 09:07 PM

#9281

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Sorry but anyone thinking OP is mentally stable is mentally unstable.

Just a bunch of twenty-something year olds in denial. And I am twenty-something by the way. Not just some old guy saying crap.

Look I understand what you're saying. Nobody knows OP or you in real life, and that is true. Yet the actions you (especially OP) undertake are just psycho at worst. If you had to advice a loved one to undertake the actions OP has taken, would you ever be able to forgive yourself?

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12-19-2018 , 09:09 PM

#9282

prairiebreeze

Pooh-Bah

Join Date: Oct 2011 Posts: 4,799

Quote:

Originally Posted by 6bet me

LOL. OP is now scared money.

It’s over. Time to get a McJob.

Watching YouTube and playing Warcraft... SMH.

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12-19-2018 , 09:14 PM

#9283

SpinMeRightRound

veteran

Join Date: Jan 2016 Posts: 2,723

Quote:

Originally Posted by DLuo

I've stopped caring about how people in this thread perceive me, because my image is so ridiculously inaccurate.

Why are you giving out loans with huge interest rates to a guy who is clearly a degen/addict/probable mental issues and needs a job? It's either naive (because there is such a high risk of default) or predatory, or both.

I don't see how it's anything other than those two things.

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12-19-2018 , 09:22 PM

#9284

Leobzook

banned

Join Date: Dec 2005 Posts: 1,125

Quote:

Originally Posted by Kelvis

You know this and so do we. So when you die and face the consequences.... well you're dead, but if you believe in that stuff I hope you have a plan.

Have you played poker? Particularly live low stakes Poker?

Well if you ever have a lot of the money you win is coming from problem gamblers who are giving you the pay cheque they can't afford to lose.

Poker is a predatory zero sum game so I don't understand all this moral talk about unfair loans on a poker forum.

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12-19-2018 , 09:25 PM

#9285

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by Leobzook

Because when you are playing poker against someone you arnt masquerading as their friend and acting like you have their best interest at heart or want to help them succeed

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12-19-2018 , 09:25 PM

#9286

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Quote:

Originally Posted by Leobzook

People can choose to leave a poker table any moment they like. They can't escape a 50% interest loan any time they like. You don't see the difference?

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12-19-2018 , 09:26 PM

#9287

Lozgod

old hand

Join Date: Nov 2018 Posts: 1,562

Quote:

Originally Posted by Leobzook

+1

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Quote

12-19-2018 , 09:26 PM

#9288

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

I also doubt that ALOT of the money is from problem gamblers, maybe some, these types certainly exists but Ime most of it is from the recreational types

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12-19-2018 , 09:28 PM

#9289

Lozgod

old hand

Join Date: Nov 2018 Posts: 1,562

Quote:

Originally Posted by de4df1sh

Because when you are playing poker against someone you arnt masquerading as their friend and acting like you have their best interest at heart or want to help them succeed

If I’m playing poker with someone I am usually pretty friendly and if they are bad or drunk maniac I’m definitely trying to keep them at the table and would use its in their best interest as a reason if it would work.

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12-19-2018 , 09:28 PM

#9290

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by Kelvis

People can choose to leave a poker table any moment they like. They can't escape a 50% interest loan any time they like. You don't see the difference?

This is true. You can’t lose money you don’t have so the downside is somewhat limited.

Unless you gamble with money from a high interest loan of course

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12-19-2018 , 09:28 PM

#9291

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Oh I have taken tons of money from problem gamblers. Thing is a lot of them used to deal drugs to acquire that money.

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12-19-2018 , 09:29 PM

#9292

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by Lozgod

It’s different and you know this

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12-19-2018 , 09:29 PM

#9293

johnny_on_the_spot

Carpal \'Tunnel

Join Date: Jun 2013 Posts: 11,665

Quote:

Originally Posted by SpinMeRightRound

I'm kind of waining on he whole predatory thing. It seems like 6 knew what he was getting into. It's a terrible decision, but a willingness to make terrible life choices is allowed.

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12-19-2018 , 09:29 PM

#9294

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by johnny_on_the_spot

I'm kind of waining on he whole predatory thing. It seems like 6 knew what he was getting into. It's a terrible decision, but a willingness to make terrible life choices is allowed.

Sure but you don’t have to push the guy who is willing to jump off a bridge

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12-19-2018 , 09:31 PM

#9295

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

6bet is also a man-child and can’t make responsible decisions

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12-19-2018 , 09:31 PM

#9296

Lozgod

old hand

Join Date: Nov 2018 Posts: 1,562

Quote:

Originally Posted by de4df1sh

It’s different and you know this

Its different than a predatory loan but it’s both about opportunity. You can’t be a little bit pregnant. You are or you aren’t. It’s the same thing when taking advantage of someone. You are taking advantage of them utilizing their free will as the justification.

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12-19-2018 , 09:31 PM

#9297

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Quote:

Originally Posted by de4df1sh

Sure but you don’t have to push the guy who is willing to jump off a bridge

Water is only slightly softer than concrete.

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12-19-2018 , 09:32 PM

#9298

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by Lozgod

I really have no idea what your analogy means

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12-19-2018 , 09:32 PM

#9299

de4df1sh

Carpal \'Tunnel

Join Date: Feb 2014 Posts: 6,893

Quote:

Originally Posted by Kelvis

Water is only slightly softer than concrete.

Depends on the height

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12-19-2018 , 09:32 PM

#9300

Lozgod

old hand

Join Date: Nov 2018 Posts: 1,562

Quote:

Originally Posted by de4df1sh

I really have no idea what your analogy means

Giving 6bet a loan and trying to keep a drunk ATM at the poker table are two different things but essentially the same on a moral level.

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