Borrowing/Lending/Owing Money In the Poker World

[The Camel]

Awesome blog by Phil Galfond

http://www.philgalfond.com/lindgren-loans-and-a-little-advice/

[paulhouk03]

what has erik lindgren done?

 

[outragous76]

what has erik lindgren done?

 

100 pages on 2+2

Got outed for welching a 2.8k bet! Turns out he is in a huge hole (3m min)  then everyone  (respected folk) smash his reputation. Seems he hadn't made provision for losing 250k a month

[paulhouk03]

Wowsers

[Rivertony]

Shocked by this, he never seemed like someone who would do anything like that!

[smashedagain]

Shocked by this, he never seemed like someone who would do anything like that!

Exactly Phil Galfonds point.

[The Camel]

One of the best pieces of advice he gives is to beware the most charming and friendly famous players.

I can think of three UK players who are extremely famous who often are super friendly to newbies, taking them for dinner buying them drinks, even putting them in small tournaments.. purely to set the newcomer up for a big loan request.

Really stinks.

[paulhouk03]

Name and shame

[Junior Senior]

One of the best pieces of advice he gives is to beware the most charming and friendly famous players.

I can think of three UK players who are extremely famous who often are super friendly to newbies, taking them for dinner buying them drinks, even putting them in small tournaments.. purely to set the newcomer up for a big loan request.

Really stinks.

Thats a big C-bet sir

[Laxie]

One of the best pieces of advice he gives is to beware the most charming and friendly famous players.

I can think of three UK players who are extremely famous who often are super friendly to newbies, taking them for dinner buying them drinks, even putting them in small tournaments.. purely to set the newcomer up for a big loan request.

Really stinks.

Thats a big C-bet sir

Not near as big as the jam in their eye on the river.

[aaron1867]

Is it just me, but after reading through that, it just seems to be stating the obvious?

[Longy]

Is it just me, but after reading through that, it just seems to be stating the obvious?

Well if it was obvious to everyone, we wouldn't be discussing it would we?

It certainly isn't obvious the way borrowing/debt system works in the poker/gambling world, for those not experienced in it. As it doesn't work like that in almost any other culture.

Enjoy reading/watching anything Galfond comes out with.

[Woodsey]

I have never understand all the borrowing/lending that goes on in the poker world. If you don't have the money to hand, just don't play is my motto. I have never done either other than once asking a player to buy me into an event I might have missed registration for. I gave them the cash back as soon as I got there before even playing a hand I felt so guilty.

I was at my mums last night and dying to play a couple of tourneys on my Ipad. Didn't know you couldn't deposit on your I-pad stars account and only from a PC/Lappy, I considered posting on here to see if someone on here could ship me $100 (pay back today) so I could play, but I honestly would have died from shame asking 

Am I in the minority thinking that?

[Laxie]

I have never understand all the borrowing/lending that goes on in the poker world. If you don't have the money to hand, just don't play is my motto. I have never done either other than once asking a player to buy me into an event I might have missed registration for. I gave them the cash back as soon as I got there before even playing a hand I felt so guilty.

I was at my mums last night and dying to play a couple of tourneys on my Ipad. Didn't know you couldn't deposit on your I-pad stars account and only from a PC/Lappy, I considered posting on here to see if someone on here could ship me $100 (pay back today) so I could play, but I honestly would have died from shame asking 

Am I in the minority thinking that?

If you are, I must be too.  Even turned down staking for an event recently which I never asked for in the first place.

[dreenie]

One of the best pieces of advice he gives is to beware the most charming and friendly famous players.

I can think of three UK players who are extremely famous who often are super friendly to newbies, taking them for dinner buying them drinks, even putting them in small tournaments.. purely to set the newcomer up for a big loan request.

Really stinks.

Have you got £5 u can lend me plz?