Chino Rheem SCUM part two (more scams) - Page 84 - Poker News

For all you poker pros out there, what is the upside to lending out money? This is a serious question.

Over all my time in the casino and playing online, I have never asked or been asked to borrow money to gamble and cannot comprehend why anyone would do this.

The absolute best case scenario is that you get your money back at a later date, sans interest.

Is it because you want to look cool in front of people? Is it because you want a TV pro to like you?

Staking I can at least comprehend, but why so intelligent people continue to lend money to basically strangers? Is it some social pressure when you are a poker pro to help out a fellow pro?

If you and the lendor/lendee have a close personal relationship, I can see it being okay. I've had agreements multiple times with a friend where one stakes the other or we agree to share winnings. But we also definitely do NOT softplay each other, as we are both uber competitive and don't care about the +EV for playing against each other (there's usually a last longer bit included in these agreements that are more than the buyin lol)

Long story short, if you trust the person, go for it. If you don't know them well enough, just say "sorry, I don't know you well enough"

Quote

03-10-2020 , 06:48 PM

#2077

STOKERSPOKER

newbie

Join Date: Nov 2015 Posts: 17

Quote:

Originally Posted by Kelvis

Because someone buying the debt could possibly employ more effective methods than poker players.

Because buying defunct debt for pennies on the dollar and then collecting even a small percentage of the original Balance isn't a business idea that has been thought of yet >

Quote

03-10-2020 , 08:20 PM

#2078

arcdog

veteran

Join Date: May 2007 Posts: 2,361

Quote:

Originally Posted by PaulyJames200x

When someone wins a big prize in a tournament, do most guys take chips or a wire transfer? Can't imagine many take cash right?

People who are backed often get cash yes - seen many a German or Russian loading up a travel bag at Rio with 300-400k cash

Quote

03-11-2020 , 10:29 AM

#2079

civ77

grinder

Join Date: May 2014 Posts: 456

Quote:

Originally Posted by arcdog

People who are backed often get cash yes - seen many a German or Russian loading up a travel bag at Rio with 300-400k cash

Pro tip for people people who hit a big score and have investors. Deposit all the money in your bank, then write each investor a check for their share. The paper trail will help a lot in case you get audited.

Quote

03-11-2020 , 11:39 AM

#2080

ProRailbird

banned

Join Date: Aug 2013 Posts: 1,292

Quote:

Originally Posted by civ77

Germans don't pay taxes on gambling winnings and Russians who carry around half a mill in a duffle bag just pay bribes.

Quote

04-04-2020 , 12:12 AM

#2081

JohnG

adept

Join Date: Sep 2002 Posts: 1,189

Quote:

Originally Posted by WhatsUpGuys

The very next week my friend went to the bookie and said"you pay me on X day or youll be sorry" The day came and no payment was made. My friend then easily got 2 crackhead bumbs and paid them each 400 dolllars to beat the F out of the bookie in the bathroom with a a "pay the 35k debt" message or youll be visited again"

A week goes by, and my friend randomly gets paid. imagine that.Violence IS the answer. If there is a deterrant the scammer will usually pay. Most of the time the scammer doesnt pay is because they know nothing will happen.

The carrot and stick. A dynamic that exists at all levels of society in both a macro and micro level.