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Old 02-25-2014, 03:07 AM   #26
Howard Beale
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Re: Being Asked to Lend Money at a Casino

I used to lend, not anymore. 2 friends that play every day have owed me money for years. Every now and then they ask how much they owe and I say 'nothing.' I wish that they weren't friends so that I could add 'mother****er.'
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Old 02-25-2014, 04:11 AM   #27
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Re: Being Asked to Lend Money at a Casino

Definitely would have said no to this guy, lol. Would only lend to a family, and a few close friends.

Easiest thing to do at a casino and some random comes up is to say you are being staked and can't hand out your backers money.
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Old 02-25-2014, 04:11 AM   #28
stuff
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by Starpoker View Post
I would never loan someone I was not very close personal friends with money. At a casino, I would light the money on fire before loaning it to someone, cause u are never getting it back.

If it is a personal friend and you know they are good for it, that is acceptable, but, even then, you need to have an arrangement so you know they aren't tilting or spending money they can't afford.
Theres people I play with that I have never seen outside the cardroom that I would snap loan a thousand too while at the same time I have friends I have known my whole life that I would feel somewhat uncomfortable loaning 100 bucks because the repay time could get ridiculous. Reputation in the poker room is important. Loaning to the degen railbirds, never.
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Old 02-25-2014, 04:46 AM   #29
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Re: Being Asked to Lend Money at a Casino

People have asked me to lend them money about ten times in my poker career(which is very little compared to a lot of the other players). But we're all regulars so it's really not that big of a deal. If a stranger asks, well naturally you would say no. But, all in all, though, I'm not a fan of lending anymore (though I would do it for a select few) nor do I borrow for pretty much the same reasons: it's an awkward position that I don't need to put myself in.

No, you don't have to alert the Floor about it, well not unless you feel threatened in some way. Just a polite yet firm "sorry" should suffice. He'll be mad about it at first but he'll get over it and just mosey on over to some other schlep with his sob story. Happens all the time, shrug it off.
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Old 02-25-2014, 04:52 AM   #30
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That happens quite often. I do lend more like give money to my family members always when needed. Others i do not lend but i might give if the amount they need is what i can afford.
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Old 02-25-2014, 04:57 AM   #31
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by mjm View Post
Think it's pretty sad how many people in this thread wouldn't loan money to friends, isn't that part of friendship, helping each other out? If I didn't think they would pay back they wouldn't be a friend, and if it turned out they screwed me over then it's a pretty cheap price to pay.
I wouldn't call it a pretty cheap price to pay in a lot of situations when the money gets big enough. It could be more accurate to call it an expensive price to pay.
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Old 02-25-2014, 05:55 AM   #32
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Re: Being Asked to Lend Money at a Casino

My favorite story that usually pops up in these threads:

DEGEN: blahblahblah loan?

HERO: What's my last name?

DEGEN:

HERO: I guess we don't know each other well enough to entertain such ideas.
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Old 02-25-2014, 06:58 AM   #33
Makkara92
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Originally Posted by youtalkfunny View Post
My favorite story that usually pops up in these threads:

DEGEN: blahblahblah loan?

HERO: What's my last name?

DEGEN: :
You can find it from your driver licensce, i keep mine whit me incase happenings like this. So how about 2000k loan?
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Old 02-25-2014, 07:54 AM   #34
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by Makkara92 View Post
You can find it from your driver licensce, i keep mine whit me incase happenings like this. So how about 2000k loan?
reading comprehension FTW

Don't loan money to anyone that you can't afford to immediately write off, whatever the proposed use for the borrower is.
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Old 02-25-2014, 08:00 AM   #35
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Re: Being Asked to Lend Money at a Casino

I play at Commerce and was talking to this reg that's been playing there for like 20 years, he simply told me " don't ask nobody for sht, don't give nobody sht "

I never would anyway but that's how it should be. I would only loan money to close friends and family but like someone said think of it has a gift and not a loan.
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Old 02-25-2014, 08:49 AM   #36
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Re: Being Asked to Lend Money at a Casino

If you do this , you will be approached for more over and over again, likely by others as well as the original guy. This would make me very uncomfortable. A polite but serious denial is the best way to go IMHO.
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Old 02-25-2014, 09:21 AM   #37
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by Howard Beale View Post
I used to lend, not anymore. 2 friends that play every day have owed me money for years. Every now and then they ask how much they owe and I say 'nothing.' I wish that they weren't friends so that I could add 'mother****er.'
I just don't understand situations like this. How do you possibly consider such people "friends?" It would be one thing if they never had the resources to pay you back, but you say they play every day. I don't think I could cope with such an obvious "screw you" message coming across every time I see them in a game.

Have they ever asked to borrow more?
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Old 02-25-2014, 10:52 AM   #38
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Re: Being Asked to Lend Money at a Casino

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Give gifts, not loans.
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Old 02-25-2014, 11:25 AM   #39
Howard Beale
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by W0X0F View Post
I just don't understand situations like this. How do you possibly consider such people "friends?" It would be one thing if they never had the resources to pay you back, but you say they play every day. I don't think I could cope with such an obvious "screw you" message coming across every time I see them in a game.

Have they ever asked to borrow more?
These two are supposedly 'pros' the kind that the kids on 2p2 don't want to acknowledge exist. I don't expect them to pay even though they are playing bec I know that they are clinging on by their finger nails. Both of them would pay if they could, but they can't. To demand that they pay would be like telling somebody that owed me to give me his rent money for the next year and I'm realistic enough to see that they simply can't do it.

One of them paid me a hundo 6 months ago and asked for it back 2 weeks ago but I said 'come on' and he slunk away.
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Old 02-25-2014, 12:21 PM   #40
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Re: Being Asked to Lend Money at a Casino

I play in a game which has a pretty small player pool of around 25-30 players. For the most part they are 'recreational regs' in that they play the game a few times a week, but they all have other jobs and sources of income.

Some of them want to borrow money because they don't want to use their card at the cashier and the transaction come up on their bank statements, some of them don't want to use the ATM in the casino because it has a charge for use, and some are just short until payday.

It's in my interest to keep them in the game, I have an edge on them, they're prob not playing their A game if they've blown through the money they came with and it keeps the game running when it can often get shorthanded and break.

If they've got a good rep for paying back, I'll generally lend it, I defo don't see it as a gift and I expect to be paid back promptly, at the same time i'm not lending sums of money which are going to have a major impact on my financial position if it's not paid back or there is a delay in paying back. I also don't lend to someone who already owes me.

Overall I think the value of keeping them in the game and the goodwill generated by helping them out outweighs the financial risk of not been repaid. The biggest drawback is getting a reputation for lending money and having randoms or people with a bad rep asking to borrow, but I'm pretty comfortable just saying no to them.

When it comes to close friends outside poker, then I can't even remember the last time it was asked, but i'd have no problem lending to any of them.
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Old 02-25-2014, 03:16 PM   #41
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Re: Being Asked to Lend Money at a Casino

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My dad gave me two pieces of advice when I went off to college: Don't ever loan your friends money or your car. You stand to gain nothing from either transaction, and you risk losing a lot more (including their friendship if they total your car or never pay you back).
You stand to gain the chance of them loaning you cash or their car if you need it.
Quote:
Originally Posted by mjm View Post
Think it's pretty sad how many people in this thread wouldn't loan money to friends, isn't that part of friendship, helping each other out? If I didn't think they would pay back they wouldn't be a friend, and if it turned out they screwed me over then it's a pretty cheap price to pay.
+1. Helping each other out is one of the most important parts of friendship in my eyes.

To the people who say they never lend money to others: Where do you draw the line? 50$ for gas when he doesn't get his paycheck before the next day? 20$ at the movies when your friend forgot his wallet at home? Paying for somebody's meal in exchange for him paying the next time?

Getting asked for money at the casino happens all the time. I always politely decline if it's none of my friends.

I had to borrow money from friends at casinos a couple times and never did I get a "no" if the person had sufficient funds with them.
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Old 02-25-2014, 03:30 PM   #42
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Re: Being Asked to Lend Money at a Casino

I only lend money to close friends, family, and people I never want to see again.
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Old 02-25-2014, 03:46 PM   #43
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Re: Being Asked to Lend Money at a Casino

I play in a smaller room where its pretty standard for me to get asked, my rules are simple i must have played with you or know you some what to do it.

I give everyone one chance if they **** me over delay payment, or not return msgs I run name thru the mud and never allow another borrow again, I also know local bookies and let them know of incidents and they do the same so i kinda know who is good and who isnt.

If your not comfortable say no but dont go and tell a pit boss or something its standard some guys don't have a ton of cash to play dosnt mean he isnt good for it. He came to you with a check for a later date he obviously just wants a favor in which the next time you ran out of money at a casino you could ask him for the favor in return...
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Old 02-25-2014, 03:56 PM   #44
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Re: Being Asked to Lend Money at a Casino

Quote:
Originally Posted by mjm View Post
Think it's pretty sad how many people in this thread wouldn't loan money to friends, isn't that part of friendship, helping each other out? If I didn't think they would pay back they wouldn't be a friend, and if it turned out they screwed me over then it's a pretty cheap price to pay.
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Originally Posted by madlex View Post
+1. Helping each other out is one of the most important parts of friendship in my eyes.
I don't know if you actually mean this, but you both are using a pretty weird definition of "help." Someone who has no cash and no ability to access it wants to borrow money from you to gamble. This person, 99% of the time, is in need of help with their gambling problem. If this were my friend, and I wanted to help them, I'd offer to take him to a GA meeting.

The last thing I'd help them with was increasing their debt.
Quote:
To the people who say they never lend money to others: Where do you draw the line? 50$ for gas when he doesn't get his paycheck before the next day? 20$ at the movies when your friend forgot his wallet at home? Paying for somebody's meal in exchange for him paying the next time?
You draw the line at a broke person asking for money to gamble with at a casino.
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Old 02-25-2014, 03:58 PM   #45
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Re: Being Asked to Lend Money at a Casino

you said this guy is a regular i dont understand why you wouldn't honestly , ask yourself these 3 questions.

Does this person have bad history that you know of paying people back or borrowing no job?

Is he a regular player?

Do you think your going to get paid back?

I think the answer to all these questions was yes - #1 you never said anything bad about the guy im assuming if hes a regular hes not going to want people talking about how he borrows and doesn't pay back **** like that spreads if you wanna flake on people its best to not come back to the room

#2 He has a personal check he has some collateral, know im not a genius but you have a check you can in some way worst case scenario **** his credit if he screwed you.

#3 asked you for a couple hundred idk but most regulars in casinos have money coming in so they wouldn't want there name tarnished for 200$s .


I think this its silly all these people saying they would never loan friends money, i hope your in the scenario where you forgot your wallet or your atm limit gets reached or you forgot the banks were closed **** happens i mean most casinos once some one has flaked some one it spreads like wildfire and the person isn't seen playing again because people constantly harass them for flaking... all in all just make sure you know the person i woulda just asked the dude for his cell phone number
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Old 02-25-2014, 04:04 PM   #46
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by ChicagoTroy View Post
I don't know if you actually mean this, but you both are using a pretty weird definition of "help." Someone who has no cash and no ability to access it wants to borrow money from you to gamble. This person, 99% of the time, is in need of help with their gambling problem. If this were my friend, and I wanted to help them, I'd offer to take him to a GA meeting.

The last thing I'd help them with was increasing their debt.

You draw the line at a broke person asking for money to gamble with at a casino.
Idk, i think this is a pretty moronic statement to make, so your basically stating anyone who dosn't have cash on them to play and asks some one to float them for a week has a gambling problem.

Maybe the guy's debit card limit was reached, or maybe for tax reasons he cant take money off his card, or maybe he reached his spending limit because he bought his wife a tv or some crap, i think its silly. Hes giving you a check hes a regular player how can you determine if hes broke.
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Old 02-25-2014, 04:33 PM   #47
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by ChicagoTroy View Post
I don't know if you actually mean this, but you both are using a pretty weird definition of "help." Someone who has no cash and no ability to access it wants to borrow money from you to gamble. This person, 99% of the time, is in need of help with their gambling problem. If this were my friend, and I wanted to help them, I'd offer to take him to a GA meeting.
Nobody was talking about giving money to broke people with gambling problems.

That's the same as if the question was "would you buy a friend a drink", I reply "yes, sure" and you chime in "he's an alcoholic 100%!!!"
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Old 02-25-2014, 05:02 PM   #48
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by ch4nc305 View Post
Idk, i think this is a pretty moronic statement to make, so your basically stating anyone who dosn't have cash on them to play and asks some one to float them for a week has a gambling problem.

Maybe the guy's debit card limit was reached, or maybe for tax reasons he cant take money off his card, or maybe he reached his spending limit because he bought his wife a tv or some crap, i think its silly. Hes giving you a check hes a regular player how can you determine if hes broke.
You can determine he's broke in this case because in the OP it was stated by the borrower that the check wouldn't clear until next week.

Otherwise, you can apply critical thinking. There are a lot more degens who borrow money and never pay it back than there are guys who have complicated tax reasons for being unable to access money to gamble with.

This forum is absolutely deluged by stories of guys getting taken by degens who seemed like good guy regs or even poker celebrities who were totally good for the money they borrowed. It is insane to loan money in a casino.
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Old 02-25-2014, 06:06 PM   #49
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Re: Being Asked to Lend Money at a Casino

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I only lend money to close friends, family, and people I never want to see again.
Please lend me $20,000, and I promise that you will never see me again.
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Old 02-25-2014, 06:09 PM   #50
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Re: Being Asked to Lend Money at a Casino

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Originally Posted by ChicagoTroy View Post
You can determine he's broke in this case because in the OP it was stated by the borrower that the check wouldn't clear until next week.

Otherwise, you can apply critical thinking. There are a lot more degens who borrow money and never pay it back than there are guys who have complicated tax reasons for being unable to access money to gamble with.

This forum is absolutely deluged by stories of guys getting taken by degens who seemed like good guy regs or even poker celebrities who were totally good for the money they borrowed. It is insane to loan money in a casino.
Pretty much this. First concern is obviously not getting paid back, but second is a moral thing. Maybe I am too uptight about this, but I really do not think that people who are living that close to the edge have any business in a casino. If you are living paycheck to paycheck, find another hobby. Part of the justification for no online poker is the social consequences of broke people gambling with money they don't have, so I don't want to add to the problem. If they are throwing their money anyway I have no problem being the one to take it from them at the poker table (although it does suck some of the fun out of the experience knowing the guy you felted was probably playing with his rent money), but I think it is another thing entirely to enable them to get deeper in the hole by loaning them additional money to gamble with.
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