Quote:
Originally Posted by BulltexasATM
Since they are illegal there is nothing you can do legally to collect the money.
Here is what I would do:
1. Cut him off immediately on the app.
2. Tell him that he needs to work out a repayment schedule because you are on the hook for his loss and have to pay your other players. Give him until "x" date to make the first payment and if he doesn't you are going to let the local poker community know he stiffed you.
3. If he still doesn't pay you are pretty much screwed. There are a lot of degens that get in over their heads and can't pay. I'm in Houston and know a bunch of people that are in debt over their heads because they are bad gamblers. The downside of the sport we love. If he doesn't pay you must let everyone and anyone know in the local community not to lend him money or give him credit or they run the risk of getting screwed.
Is the guy above you pushing you to pay? Maybe you can talk to him and get some of the debt eliminated so you aren't having to eat all of it.
Great advice. I was told the same thing by many people. The guy above me knows I am a stand up guy and I've already covered part of the balance out of pocket. If nothing works with the degen I will try to have the guys above me absorb some of the loss. Not sure what the reasonable amount is.