What you say is true.

However the poker world is a bit different. Especially for young guys it can be hard stay strong and not "help "people.

Sometimes you make friends with these charismatic people who are in reality nothing but conman. In the poker world youre guaranteed to run into this kind of person.

You dont end up giving them thousands of dollars right away. Theyre very sophistacated and smart and over time build trust etc. If they cant get money out of you they will steal it. Or building up trust over time offering you a stake when theyre flush or asking for a short term loan and paying back the next day ( this particular example is a tactic often used ) a few times.

It happens alot in the poker world, so many people owe and are owed in the poker world that you cant really say its the same as the real world. But yea one always should draw line when money comes into play. That rule in universal.


The equivalent to staking or loaning to a poker player or doing other buisiness in the real world would be bankrolling a buisiness. I think that in real world everyone would be much more reluctant to say the least and is usually thought through well.

The poker world is full of conman and if youre like me someone who only knew poker from TV and the internet you have a completely wrong picture of what kind of person some of people are.

I know many good guys who did the same mistakes as I.

But youre right its always the type of person who has like me a soft spot and likes to help people. I know people who would never lend money as well. And theyre right, Im one of them now.

+1 to what RBK said. Can't see a reason for DN not to out the person owing him 500k.

fyp

Daniel already confirmed in the other thread that the person is Guy Laliberte.

cirque du soleil confirmed busto

Non-sequitur warning.

We don't have $5 a gallon, and we never have.

We're at about $3.75 as a country right now ($3.45 where I'm at), and everyone here seems to think 1) it's a huge problem 2) it has a simple cause.

Like it is a problem for people because it's high relative to the rock bottom prices for gas we are used to paying and it's reducing purchasing power / weakening our economic recovery here.
But, if you wanna hear some of the most hyper-simplified logic ever employed, listen to our politicians talk about the price of gas.

LOL @ TFT getting his Kessler on in the background.

Is he not a billionaire?

"Old School," DWI or DUI was a joke.

You usually got off with a warning if someone else could take over the wheel and even if you were charged the penalty would be reduced to that of a parking ticket.

"New School," it's different. I guess the young don't understand the "old-school" culture, that's why they weren't amused when Layne Flack laughed about being arrested for DUI.

DN hasn't even posted in the other thread

troll

Yeah I remember that post. Makes you wonder who comes up with that fiction and what their motivation is.

the "vouching" system needs to be more in use so people with line of credits dont abuse them. "good references" arnt good enough in todays world imo.

So it looks like E-dog already busted out. No payback at the cage today folks. LOL!

Look at his wedding ring - halfway off his finger, ready to pawn!

Isnt that Paddy Doherty the Irish traveller Erick is posing with?

She has a kid now, not gonna be so easy to find a rich man. So, E-Dog screwed over her too..

nah, not really. so long as she keeps her body nice, she'll be fine. she only has the one kid - some people with $ prefer that as it makes it less likely there'll be a 'whoops' if I ain't bein' too subtle. but for the kid's sake and hers, hopefully they can work it out if it's worth it.

so the Guy Laliberte thing was a troll thing? lol ok.

Pretty much this. Good post.

too bad his dick didn't have any insurance

So what's your excuse?

Too subtle, please explain.

looks like calderon

[X] guilty

In the movie rounders if you don't pay your debt then it will snowball out of control and the russian mafia will come after you. Just curious in vegas if people buy up other peoples debt and go after them?

I believe what Mason said a while back that the inability of most professional poker players to succeed is tied to a lack of understanding of the underlying mathematics of the game. The best players are drawn to the biggest games, and I suspect that, at the highest levels, the very best poker players do not have much of an edge over players who are just "good."

A winning player needs to not only maintain an edge over his opponents, but also a big enough of an edge to make a living after paying rake to the casinos and taxes to the government.

Perhaps most importantly, a winning player cannot succeed unless he understands his risk of ruin and selects his games accordingly. It would be very interesting to have someone like Mason weigh in on exactly how big of a bankroll a "good" or even "great" player must have to play in a series of $10K buyin events with 600 or so players, such as the WPT Shooting Stars event, with say only a 1%, 5%, or 10% risk of ruin. Without doing the required math or analysis, I would guess that such a player would need a minimum of 100 buyins (that is, $1 million) just to reduce his risk of ruin to around 10%.

In other words, imagine that a great player has a $1 million bankroll and an opportunity to play in 365 $10K buy-in events in a year. I would guess that there is a 10% chance or so that that player will lose his entire bankroll that year. That's probably the underlying math.

I would also love to have Mason discuss the return on investment for such a player. Let's say this great player doesn't lose his entire bankroll, which would probably be the case around 90% of the time. How much will that player actually make in net profits (e.g., after rake, taxes, travel expenses, buyins lost, and so on)?

If this hypothetical great player has a 10% ROI, he would need to play in a lot of $10K buy-in events just to make a decent income. Also, there would probably be many years in which he would be in the hole for the year.

Understanding the math of the game is key, and it looks like all but maybe the very best-of-the-best understand that. The rest either have failed or will fail.

RC