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gadjet, on 13 January 2013 - 02:05 PM, said:
I'm not seeing much about EL's monthly distribution from FTP which I've read to have been around $250k per month... I can't relate to the scale of money obviously, but I think that black friday's cutoff of a $250k guaranteed chunk plays a massive factor in EL's fall from grace, with the FTP monthly money EL could've quite easily continued chipping away at debts and his cost of living, and assuming he had backers he could approach to continue playing I just don't see him being in that terrible of a spot respecting the culture and nature of the games/community he's playing in. It's probably a good thing for EL long term that the cutoff forced his hand to recognize deeper issues.
I agree with the comments about how casually loans of this amount are treated between friends and even in my local casino guys are regularly passing a couple thousand back and forth each night.
All that said, EL has clearly accepted that he has a gambling problem and making steps to repair/improve his life and payback so I wish him the best. I have no problem with a gambling addict making future plans to get things under control and moving to Vegas to play poker. If the proper accountability and personal systems are in place I believe in people's ability to change, and I appreciate when it's for the better.
I agree with the comments about how casually loans of this amount are treated between friends and even in my local casino guys are regularly passing a couple thousand back and forth each night.
All that said, EL has clearly accepted that he has a gambling problem and making steps to repair/improve his life and payback so I wish him the best. I have no problem with a gambling addict making future plans to get things under control and moving to Vegas to play poker. If the proper accountability and personal systems are in place I believe in people's ability to change, and I appreciate when it's for the better.
That was actually his argument in the article - with his distributions he was paring down his debt and with the current pre black friday value of his FTP shares he was fine - - what happened after that he clearly needs to be held responsible for
Most gambling addicts tho aren't going to say i owe two mil - i need to stop gambling - they will say I'll keep gambling til i'm cut off or above water
When I was at the 2007 WSOP i asked the valet there who the best tipper was and he said Lindgren tipped 100 in and out every day - I understand that a lot of pros argued that they'd rather lend money to a poker player than a normal person because their word is bond, but when you are talking that kind of money it seems foolish to just assume they are good for it because they are on tv a lot
I just wonder how much more of all the stuff ESPN fed us about how great these poker pros were was nonsense
Amarillo Slim was a great character but he obviously wasn't above cheating - Doyle was his partner what does that say about Doyle and all the rest?
