|
||
|
||
|
Server Time: 8/30/2008 2:09:34 AM PACIFIC |
 loaning money, tron, 30. Jun 2003 22:06 | ||
| View ( Message | Thread ) | Return to Thread List | |
| I've been approached more times than anyone can imagine on loaning people money. 98 people borrowed money from me in a 4 year span. 5 , i have cut my losses. One was for only 10bucks. I work in a casino and get to know alot of people. Now , just wondering if its a good idea to loan money to people so they can gamble and pay u back. odds are NO. I'm just tired of the same old excuses pay u on thursday. thursday rolls around, i couldnt find u so i spent it. even though they know where u live and ur phone number. 2. Some bills just popped up. 3. Dam IRS, got to pay them first 4. Have not got it right now but i'm playing the nickel machines to see if i win, then i'll pay u. Does someone have a way of not loaning people money even though they have a super super sad story? | ||
| Return to Thread List | ||
| Re: loaning money, johnph77, 1. Jul 2003 00:58 | ||
| View ( Message | Thread ) | Return to Thread List | |
| That's what banks, savings and loan institutions, and mortgage companys live for. If they wouldn't lend your friend any money, why would you? That's been my comeback.....may seem cruelhearted, but I've been burned too many times. | ||
| Return to Thread List | ||
| Re: loaning money, Roy Cooke, 1. Jul 2003 04:23 | ||
| View ( Message | Thread ) | Return to Thread List | |
| I get approached everytime I go into the cardroom....Some people are upset when I turn them down...In most cases, I do not even know their name...That said, part of the value in having money is helping your TRUE friends in time of need. They do need to be TRUE friends and the friendship needs to be in place before the need. Roy Cooke on 30. Jun 2003 22:06 tron wrote: > I've been approached more times than anyone can > imagine on loaning people money. 98 people > borrowed money from me in a 4 year span. > 5 , i have cut my losses. One was for only 10bucks. > I work in a casino and get to know alot of people. > Now , just wondering if its a good idea to loan > money to people so they can gamble and pay u back. > odds are NO. > I'm just tired of the same old excuses pay u on thursday. > thursday rolls around, i couldnt find u so i spent it. > even though they know where u live and ur phone number. > 2. Some bills just popped up. > 3. Dam IRS, got to pay them first > 4. Have not got it right now but i'm playing the nickel > machines to see if i win, then i'll pay u. > Does someone have a way of not loaning people money > even though they have a super super sad story? > | ||
| Return to Thread List | ||
| Re: loaning money, Peter Dimas, 1. Jul 2003 17:39 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Roy, I agree with you almost 100%. You should be willing to go the extra mile for a friend who is in a bad situation. But you should also be aware of when to stop. Unfortunately, I haven't been, and am now in a bit of financial difficulty after having loaned a friend close to $10k over the last year. I finally had to tell him "not a penny more" a couple of weeks ago when I realized I was going to have trouble paying my OWN rent for July. The amazing thing is, this "very good friend" of mine who would "kill or die" for me has been giving me the cold shoulder ever since. I don't know if it's because he feels bad about putting me in a bind, or if I've just outlived my usefulness. Either way, I say be good to your friends, but even then, not too good. Peter p.s. Hello from a fellow Las Vegan, I'm a big fan of your writing. on 1. Jul 2003 04:23 Roy Cooke wrote: > I get approached everytime I go into the cardroom....Some people are upset when I > turn them down...In most cases, I do not even know their name...That said, part of > the value in having money is helping your TRUE friends in time of need. They do need > to be TRUE friends and the friendship needs to be in place before the need. | ||
| Return to Thread List | ||
| Re: loaning money, Giocatore, 1. Jul 2003 06:04 | ||
| View ( Message | Thread ) | Return to Thread List | |
| "Neither a borrower nor a lender be." Shakespeare said it best. | ||
| Return to Thread List | ||
| Re: loaning money, PokerDude, 1. Jul 2003 06:17 | ||
| View ( Message | Thread ) | Return to Thread List | |
| nancy reagan said it better "Just say NO" Officially Licensed Dude | ||
| Return to Thread List | ||
| Re: loaning money, timmer, 1. Jul 2003 07:19 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Dont let your bank or mortgage broker hear you say that. on 1. Jul 2003 06:04 Giocatore wrote: > "Neither a borrower nor a lender be." > > Shakespeare said it best. > > | ||
| Return to Thread List | ||
| Re: loaning money, Mark, 1. Jul 2003 08:25 | ||
| View ( Message | Thread ) | Return to Thread List | |
| There was a good card player article a while back, I think it was from Daniel Neagranu(spelling) about how he won hjis first WSOP event and then lent most of his winnings away. Alot of borrowers never had the intention of paying him back. After some time a seasoned pro took him aside and gave him lessons on saying no, until the point where Daniel would see people approaching and the first word out of his mouth was NO!. While people may have the best intentions when they ask to borrow, very few people will think of you first when they have a little extra money. Why do you think leg-breakers are in such high demand? mark | ||
| Return to Thread List | ||
| Re: loaning money, tron, 1. Jul 2003 15:19 | ||
| View ( Message | Thread ) | Return to Thread List | |
| thanks to ur thoughtful responses. i just loaned a guy 300 bucks to pay his mortgage. They were going to repro his trailer. I guess im a softy. | ||
| Return to Thread List | ||
| Re: loaning money, Dr_Monkey, 1. Jul 2003 10:44 | ||
| View ( Message | Thread ) | Return to Thread List | |
| First option: When they ask you for a loan, say "That's weird, I was going to ask you for a loan." When they question the fact that you already have money, tell them that you need more so you can 1) get into an approaching tournament; 2) pay your bills; 3) pay the IRS. Second option: Ask them when they are going to pay you back. Let's say they tell you Thursday. Then you tell them that you aren't going to loan them any money today, but on Thursday you want them to find you and for them to give you the amount they are asking for, then the "next time" they ask you for a loan, you can give them their money back. Tell them that you will hold their money for them without charging them a "money management" fee. You do either of these enough, they will quit asking you. | ||
| Return to Thread List | ||
| Re: loaning money, 4 POKER, 1. Jul 2003 19:53 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Tron, I have been there as well, many, many times in the past. People asking me for large sums of money, promising to pay me back, only to find that they weren't being sincere about it in the least. Maybe there intentions were to pay me back IF they could, but you see, most of the time when someone asks for money, only a negative thing can happen. You either get paid back (which doesn't leave you any better off had you not given them the money in the first place), OR....you don't get paid back. Hmmm, doesn't sound like you're in a good situation at all. In fact, the very best you can do is break out even. And if you lend money to a friend, unless you truly have the money to lend him and it will not have any affect on your bankroll and/or your friendship for that matter, even that person should seek another source. I'm not talking about a couple of bucks, I'm talking about a substantial amount of money here. Now...if you're just lending out 20 bucks here and 10 dollars there, that adds up fast and before you know it, all of a sudden you become the "sugardaddy" of the poker room and everyone suddenly becomes your friend....even people you never even knew before will approach you. I"m talking about something that happens to me quite often and some other players that I know. Nothing good comes from it at all and it can cost you hard feelings towards someone and what's worse is... you can lose a friendship over it as well. And if that person is your friend (and you truly can not afford to lend money), he/she will understand your feelings about this matter and will not put you in an awkward situation so remember that the next time a so-called buddy asks you for money and then gets pissy with you when you refuse. Trust me, they weren't your friend in the first place. I wouldn't put my friend in a tough spot like that and I would ask for the same respect back. If I have it to lend and they are a really good friend, than I will, with no questions asked. My rule of thumb on lending money usually goes like this, I do not lend money to anyone(excluding really good friends) I will however GIVE someone money and tell them that I do not expect or even want it back...so no need for the sob story. Just take the money but know that I do not lend, ever. That is when I will give a railbird(if you will) a couple of bucks, (usually $20), and I will make sure they know that they should never come to me for a loan of anything substantial because I will not do it, period. And don't worry, they'll ask someone else anyway. I don't want to come across as an ogor or anything- so just know that I am talking about the real con-artists here and trust me, there are many. I will actually go up to a homeless person on the boardwalk in AC and just hand them $20 bucks just because I wanted to, but I also know when to say "NO" and in this business, you must be able to say "NO". I have been in this "scene" for years and years and you come across some really cool people BUT you also come across the lowest and pathetic forms of existence as well, and there are actually guys who make THREIR living out of scrounging money off of other players. It's a real con job for many of these guys and you just can't fall victim to them, you really can't. You must be strong, and if you need to be brutally honest....than so be it. It's better to be left alone than to be bugged all the time for money by people who could care less about you..really. You know what else I do sometimes that works very well, I get my point across and noone feels uncomfortable; not me and not the borrower either. When someone approaches me and asks me for a decent amount of money I say this...."Hey, I was just about to ask you the same question". That shuts them up real quick. But keep in mind, I am not a recreational type player, I play 5 days a week, every week, and this is my job here and if I were to just keep lending money out left and right, before I knew it, I'd be broke. So for me, I've got to be tough and believe me, noone has ever gotten mad at me for refusing a loan and even if they had....screw 'em. Get a job. And if you do have a job and don't have access to your money right now, then wait until you do, period. I may play poker for a living but I will definitely not support somebody else's gambling habit. Sorry, but those are my feelings on the whole "loaning money issue". I dont borrow and I don't lend. 4 POKER | ||
| Return to Thread List | ||
| Re: loaning money, TKarrde, 2. Jul 2003 06:41 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Wow. That was a pretty neat read. TK | ||
| Return to Thread List | ||
| Re: loaning money, 4 POKER, 2. Jul 2003 07:43 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Grassy ass! (that's thank-you in spanish). | ||
| Return to Thread List | ||
| Re: loaning money, TKarrde, 2. Jul 2003 08:05 | ||
| View ( Message | Thread ) | Return to Thread List | |
| So, you got a Benjamin I could borrow? I'm good for it. LOL TKarrde "You fool! You fell victim to one of the classic blunders! The most famous is never to get involved in a land war in Asia. And only slightly less well known is this: never go in against a Sicilian (Mozman) when death is on the line!" | ||
| Return to Thread List | ||
| Re: loaning money, 4 POKER, 2. Jul 2003 08:49 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Benjamin?......who's he? Is he the guy on the shiny little penny? | ||
| Return to Thread List | ||
| Re: loaning money, TKarrde, 2. Jul 2003 09:20 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Oh, I forget. When you cash out they usually ask "Do you want that in ones ($1) or quarters (25¢)?" To you, coloring-up must mean getting a suntan! LOL TKarrde "You fool! You fell victim to one of the classic blunders! The most famous is never to get involved in a land war in Asia. And only slightly less well known is this: never go in against a Sicilian (Mozman) when death is on the line!" | ||
| Return to Thread List | ||
| Re: loaning money, 4 POKER, 2. Jul 2003 09:26 | ||
| View ( Message | Thread ) | Return to Thread List | |
| HA! Good one TK. (rotflmao)..................HA! | ||
| Return to Thread List | ||
| Re: loaning money, beigs, 2. Jul 2003 08:59 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Is this really a problem in casinos? Random people asking for money or are they people that know you? I don't know why anyone would ask strangers for money. That's just a sign of desparation. And if you're asking for money in a casino, that's really bad. It means you're not winning! I must be a jerk but even if my best friend asked me to spot him 20 bucks in a casino I'd say no. No way am I bankrolling someone elses gambling. I have a hard enough time bankrolling my own! Beigs | ||
| Return to Thread List | ||
| Re: loaning money, 4 POKER, 2. Jul 2003 09:23 | ||
| View ( Message | Thread ) | Return to Thread List | |
| Beigs, The answer is yes. There have been many people who may have only known me by face but have never had any contact with me at all and have still approached me for money. When it comes to the whole gambling environment, people can be so pushy and they tend to be very desparate as well. I'll give you an example of just how "nervy" some people can actually be. Though this doesn't have to do with asking for money, tell me if you think this is normal behavior, because I do not...... About two years ago I was sitting at a table in the Taj Mahal in AC. I had ordered a pizza pie to be delivered to the cardroom (very common for players to order food on a regular basis). Anyway, when the pizza arrived, players that were playing CLEAR across the other side of the room (and the room is a big one at that) came over to my table and not only did they take my pizza, they didn't even ask if they could have a slice! I know that sounds funny but trust me, it wasn't. They came right over to me and said, "OOOh pizza." And before I knew it, there dirty little poker chip hands were all over it-no lie, I didn't get one slice...not that I wanted it anymore after that, but that's not the point! They knew where the telephone was. Why couldn't they just pick up the phone and order their own food? Because they are little grubbers, that's why! Although I am a poker player too, trust me.....poker players are a breed all their own. I sometimes wonder how I ever got involved with this...I really do! (LOL) You really do have to shut your eyes to so much yet you still have to be strong enough to speak your mind. It's tough, but you handle all situations the best way you possibly can. You ask any poker player if borrowing money is a common thing and they will tell you that it is. It's the way you handle it that allows you to cope with these types of people. I used to be a real softy (or should I say ,sucker), but not any more I'm not. I can't afford to be. 4P- | ||
| Return to Thread List | ||
| Re: loaning money, stdioh, 4. Jul 2003 09:18 | ||
| View ( Message | Thread ) | Return to Thread List | |
| If I were to loan somebody money I would have to either, A) be willing not to get it back, B) be getting an illegal interest rate (and I don't think I'm going into the sharking business just yet :)) or C) trust them to pay me back no matter what. For instance, if I had cash lying around and somebody I know to be a very winning player wanted me to lend him money to play poker, I might offer to stake him, taking 50% of his winnings and absorbing 50% of his losses, but I would have to trust him enough to not be sneaking chips off the table and screwing me. Long story short, there are less than 10 people in this world that I would give $10K to for any reason. | ||
| Return to Thread List | ||
| POKER FORUM HOME | POKER FORUM | LINK TO US | ARCHIVE | ONLINE POKER | Copyright 2002, United Poker Forum |
|
Getting Started |
UPF Tournaments |
Poker News, Views, Rules |
Poker Strategy & Psychology |
Money and Bankroll Poker Bonuses & Promotions | World Series of Poker (WSOP) | Play Online Poker | Poker Odds & Statistics | Tournament Poker | Poker Books, Videos & Learning Tools Looking for a Poker Game | Poker Bad Beats | Not Quite Poker | Quizzes and Polls | Forum Suggestions & Bugs |
|
|
|
|
Interesting Links: Online Poker | Free Poker Games | United Poker Network |
|