The question arose, as I was chatting with a bunch of time-served pokerists up at the SPT last weekend & the convo got round to "spin-up" merchants - guys who could run nothing up to a fortune & back to nothing in a matter of days.
One name that arose was the late Pete Linton who run zilch up to 6 figures & back again regularly.
Dave Penly came into my mind as the supreme spin-up artist of his time, but I could not remember his name for the life of me. Then I awoke in the middle of the night two days later & realised it was Dave Penly.
I imagine, given the current "Responsible Gaming" constraints he'd struggle to get money on legit accounts these days, though I'm sure there are ways & means.
If he's not pokering, I wonder what he is doing these days? Struggle to imagine him in a regular 9 till 5 job. Same for many others like him, I often wonder what they are doing now.
PS - I don't have LinkedIn so I can't see that link.
He has been doing various accounting jobs. I assume he is contracting given the short periods he is at each one.
Given the way he used to spin up, and his reputation, I assumed he frequently had his whole bank roll on the line (and more). As a gambler, I have had times in the past where I have staked too much, but have got through that as I got older. He never seemed to discover that stop, so think a lot of his gambling was unhealthy.
If he has found a better way to make a living it is probably a good thing.
On a related note, I am not sure he'd be stopped. If he can produce payslips etc then it is going to be a while before he gets stopped and there is always somewhere else?
From personal experience, it seems much easier to get stopped from betting well than it is from going on a bad downswing and having no income. ie my experience is virtually 100% getting stopped for the former and 100% never been stopped for the latter. Maybe this will change going forward?
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